The Port Washington State Bank in Port Washington, Wisconsin (WI)
Overview, Financial Summary, Detailed Financial Reports, Branches

  • The Port Washington State Bank in Port Washington, Wisconsin (WI)
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The Port Washington State Bank - Overview

  • General
  • FDIC Certificate #: 8698
    Status: Active
    Federal Reserve ID: 937740
    Bank Holding Company (Regulatory Top Holder): Port Bancshares, Inc. (RSSDID: 1208577, Location: Port Washington, WI)
    Date Established: September 11, 1899
    Trust Powers Granted: Yes
    Bank Charter Class: Commercial bank, state charter and Fed nonmember, supervised by the FDIC
    Offices: 7 (Domestic: 7, Interstate: No)
    OTS Docket #: 13894
    FDIC's unique #: 5537
    Numeric code: 21
    Regulator: FDIC
    Insurance Fund Membership: Deposit Insurance Fund (DIF)
    Insured commercial Banks: Yes
    FDIC Insured: Yes
    Deposit Insurance Fund member: Yes
    Ownership Type: Non-Stock
    FFIEC Call Report 31 Filer: No
    State Chartered: Yes
    Subchapter S Corporations: No
    Asset Concentration Hierarchy: Commercial Lending Specialization
    Date of Deposit Insurance: January 01, 1934
    Last Structure Change Effective Date: Febuary 19, 2007
    Last Structure Change Process Date: September 05, 2007
    Last Data Update: September 05, 2007
    Data Source Date: April 05, 2012
  • Location
  • Address: 206 North Franklin Street, Port Washington, WI 53074
    County: Ozaukee
    Quarterly Banking Profile Region: Chicago
    FDIC Geographic Region: Chicago
    FDIC Supervisory Region: Chicago
    FDIC Field Office: Milwaukee
    Office of the Comptroller the Currency (OCC) District: Central
    Office of Thrift Supervision Region: Central
    Metropolitan Statistical Area (MSA): Milwaukee-Waukesha, WI (#5080)
    Consolidated Metropolitan Statistical Area (CMSA): Milwaukee-Racine, WI (#63)
    Combined Statistical Area (CSA): Milwaukee-Racine-Waukesha, WI (#376)
    Core Based Statistical Area (CBSA): Milwaukee-Waukesha-West Allis, WI (#33340)
    CBSA Metro Statistical Area: Milwaukee-Waukesha-West Allis, WI (#33340)
  • History of Changes
  • Office Purchased
  • Financial Summary
  • Total assets: $414.6 mil
    Equity capital: $36.0 mil
    Deposits held in domestic offices: $371.2 mil
    Return on assets (ROA): 0.37% ($1.5 mil)
    Quarterly return on assets: 0.24% ($1.0 mil)
    Return on Equity (ROE): 4.17% ($1.5 mil)
    Quarterly return on equity: 2.67% ($1.0 mil)
    Net income: $1.5 mil
    Quarterly Net income: $0.2 mil
    Pretax return on assets: 0.32% ($1,326.7 mil)
    Quarterly Pretax return on assets: -0.10% (-$414.6 mil)

1992 - 1999 Historical total assets, liabilities and capital ($ mil)

2000 - 2011 Historical total assets, liabilities and capital ($ mil)

Historical Total Incomes ($ mil)

Historical Total Expenses ($ mil)

Historical total employees (full-time equivalent)

Assets and Liabilities (December 31, 2011)

  • Dollar figures in thousands
  • 81Total employees (full-time equivalent)
  • $414,590Total assets
  • $33,829Cash and due from depository institutions
  • $24,285Interest-bearing balances
  • $107,580Securities
  • $0Federal funds sold & reverse repurchase agreements
  • $248,505Net loans & leases
  • $6,080Loan loss allowance
  • $0Trading account assets
  • $1,071Bank premises and fixed assets
  • $5,958Other real estate owned
  • $4,075Goodwill and other intangibles
  • $414,590Life insurance assets
  • $13,572All other assets
  • $378,623Total liabilities and capital
  • $371,230Total liabilities
  • $317,845Total deposits
  • $371,230Interest-bearing deposits
  • $83Deposits held in domestic offices
  • 0.00%% insured (estimated)
  • $0Federal funds purchased & repurchase agreements
  • $4,000Trading liabilities
  • $0Other borrowed funds
  • $3,393Subordinated debt
  • $35,967All other liabilities
  • $35,967Total equity capital
  • $35,967Total bank equity capital
  • $0Perpetual preferred stock
  • $600Common stock
  • $15,850Surplus
  • $19,517Undivided profits
  • Memoranda
  • $0Noncurrent loans and leases
  • $1,341Noncurrent loans that are wholly or partially guaranteed by the U.S. government
  • $3,596Income earned, not collected on loans
  • $182Earning assets
  • $1,543Long-term assets (5+ years)
  • $380,370Average Assets, year-to-date
  • $70,846Average Assets, quarterly
  • $399,967Volatile liabilities
  • $408,659Insider loans
  • $280,024FHLB advances
  • $399,761Loans and leases held for sale
  • $7,760Unused loan commitments
  • $7,760Tier 1 (core) risk-based capital
  • $33,763Tier 2 risk-based capital
  • $0Total risk weighted assets
  • $0Total unused commitments
  • $51,820Restructured Loans and leases
  • $83Derivatives

Income and Expense (December 31, 2011)

  • Dollar figures in thousands
  • $15,769Total interest income
  • $2,771Total interest expense
  • $12,998Net interest income
  • $3,193Provision for loan and lease losses
  • $3,030Total noninterest income
  • $157Fiduciary activities
  • $664Service charges on deposit accounts
  • $0Trading account gains & fees
  • $2,209Additional noninterest income
  • $11,798Total noninterest expense
  • $5,426Salaries and employee benefits
  • $2,129Premises and equipment expense
  • $4,243Additional noninterest expense
  • $1,037Pre-tax net operating income
  • $262Securities gains (losses)
  • -$162Applicable income taxes
  • $1,461Income before extraordinary items
  • $0Extraordinary gains - net
  • $1,461Net income attributable to bank
  • $0Net charge-offs
  • $1,461Cash dividends
  • $2,306Sale, conversion, retirement of capital stock, net
  • $600Net operating income

Performance and Condition Ratios (December 31, 2011)

  • Dollar figures in thousands
  • Performance Ratios (%, annualized)
  • 4.32%Yield on earning assets
  • 0.76%Cost of funding earning assets
  • 3.56%Net interest margin
  • 0.83%Noninterest income to earning assets
  • 3.23%Noninterest expense to earning assets
  • 0.30%Net operating income to assets
  • 0.37%Return on assets (ROA)
  • 0.32%Pretax return on assets
  • 4.17%Return on equity (ROE)
  • 2.46%Retained earnings to average equity (YTD only)
  • 0.92%Net charge-offs to loans
  • 138.46%Credit loss provision to net charge-offs
  • 1.83%Efficiency ratio
  • 72,810Assets per employee
  • 5.12%Cash dividends to net income (YTD only)
  • Condition Ratios (%)
  • 41.07%Loss allowance to loans
  • 2.39%Loss allowance to noncurrent loans
  • 169.08%Noncurrent assets plus other real estate owned to assets
  • 2.30%Noncurrent loans to loans
  • 1.41%Net loans and leases to deposits
  • 66.94%Net loans and leases to core deposits
  • 70.05%Equity capital to assets
  • 8.68%Core capital (leverage) ratio
  • 8.45%Tier 1 risk-based capital ratio
  • 12.06%Total risk-based capital ratio
  • Memoranda
  • $13Average assets
  • $399,967Average earning assets
  • $35,054Average equity
  • $365,179Average loans

Total Fiduciary and Related Assets (December 31, 2010)

  • Dollar figures in thousands
  • $1Total fiduciary and related assets
  • 1Number of Fiduciary Accounts and Related Asset Accounts
  • YesFiduciary powers granted
  • YesFiduciary or related activity
  • $40,576Managed Assets
  • 1Number of Accounts
  • $40,021Personal trust and agency accounts
  • $21,953Employee benefit-defined contribution accounts
  • $0Employee benefit-defined benefit accounts
  • $0Other retirement accounts
  • $3,517Corporate trust and agency accounts
  • $0Investment management agency accounts
  • $8,517Other fiduciary accounts
  • $6,034Fiduciary accounts held in foreign offices
  • $0Non-managed Assets
  • 117Number of Accounts
  • $0Personal trust and agency accounts
  • $3,517Employee benefit-defined contribution accounts
  • $0Employee benefit-defined benefit accounts
  • $555Other retirement accounts
  • $115Corporate trust and agency accounts
  • $0Other fiduciary accounts
  • $440Fiduciary accounts held in foreign offices

List of branches

  • 7 Wisconsin Branches as of April 05, 2012
  • NoIDNameAddressEstablishedService TypeMap
    05537The Port Washington State Bank206 North Franklin Street, Port Washington, WI 53074September 11, 1899Full Service Brick and Mortar
    1218838Belgium BranchMain Street, Belgium, WI 53004January 08, 1934Full Service Brick and Mortar
    2218839Saukville Branch601 East Green Bay Avenue, Saukville, WI 53080April 01, 1968Full Service Brick and Mortar
    31614Fredonia Branch201 Regal Drive, Fredonia, WI 53021July 10, 1910Full Service Brick and Mortar
    5418948Grafton Branch2080 Washington Street, Grafton, WI 53024May 12, 2003Full Service Brick and Mortar
    6423095Walters Street Branch425 West Walters Street, Port Washington, WI 53074September 02, 2003Full Service Brick and Mortar
    9359983Cedarburg BranchW61 N526 Washington Avenue, Cedarburg, WI 53012Febuary 03, 2001Full Service Brick and Mortar

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