The State Bank of Viroqua in Viroqua, Wisconsin (WI)



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The State Bank of Viroqua
GeneralFDIC Certificate #: 15403
Status: Inactive
Closing history: Merger - Without Assistance
Acquiring institution: The Baraboo National Bank (#12788)
Federal Reserve ID: 78643
Date Established: June 15, 1936
Bank Charter Class: Commercial bank, state charter and Fed member, supervised by the Federal Reserve (FRB)
Offices: 2 (Interstate: No)
FDIC's unique #: 9720
Numeric code: 13
Regulator: FED
Insurance Fund Membership: Deposit Insurance Fund (DIF)
Insured commercial Banks: Yes
FDIC Insured: Yes
Deposit Insurance Fund member: Yes
State Chartered: Yes
Date of Deposit Insurance: August 13, 1936
Last Structure Change Effective Date: March 07, 2009
Last Structure Change Process Date: March 26, 2009
Last Data Update: March 26, 2009
Data Source Date: April 05, 2012
LocationAddress: Main Street, Viroqua, WI 54665
County: Vernon
Quarterly Banking Profile Region: Chicago
FDIC Geographic Region: Chicago
FDIC Supervisory Region: Chicago
FDIC Field Office: Madison
Office of the Comptroller the Currency (OCC) District: Central
Office of Thrift Supervision Region: Central
Financial SummaryTotal assets: $76.3 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, 2008)
(Dollar figures in thousands)
Total employees (full-time equivalent)21
Total assets$76,322
Cash and due from depository institutions$1,106
Interest-bearing balances$28
Securities$6,245
Federal funds sold & reverse repurchase agreements$3,640
Net loans & leases$62,723
Loan loss allowance $693
Trading account assets$0
Bank premises and fixed assets$1,481
Other real estate owned$0
Goodwill and other intangibles$0
All other assets$1,127
Life insurance assets$0
Total liabilities and capital$76,322
Total liabilities$69,272
Total deposits$68,041
Interest-bearing deposits$60,225
Deposits held in domestic offices$68,041
% insured (estimated)0.00%
Federal funds purchased & repurchase agreements $0
Trading liabilities$0
Other borrowed funds $1,000
Subordinated debt $0
All other liabilities $231
Total equity capital$7,050
Total bank equity capital$7,050
Perpetual preferred stock$7,050
Common stock$0
Surplus$400
Undivided profits $3,600
Memoranda
Noncurrent loans and leases $3,050
Noncurrent loans that are wholly or partially guaranteed by the U.S. government $9,483
Income earned, not collected on loans $0
Earning assets $4,561
Long-term assets (5+ years) $0
Average Assets, year-to-date $351
Average Assets, quarterly $72,636
Volatile liabilities $1,293
Insider loans $79,554
FHLB advances $76,790
Loans and leases held for sale $8,580
Unused loan commitments $1,479
Tier 1 (core) risk-based capital $1,000
Tier 2 risk-based capital $0
Total risk weighted assets $0
Total unused commitments $9,483
Restructured Loans and leases $0
Derivatives$693
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Income and Expense (December 31, 2008)
(Dollar figures in thousands)
Total interest income $4,703
Total interest expense $1,910
Net interest income $2,793
Provision for loan and lease losses $175
Total noninterest income $442
Fiduciary activities $0
Service charges on deposit accounts $193
Trading account gains & fees $0
Additional noninterest income $249
Total noninterest expense $1,907
Salaries and employee benefits $1,033
Premises and equipment expense $342
Additional noninterest expense $532
Pre-tax net operating income $1,153
Securities gains (losses) $0
Applicable income taxes $345
Income before extraordinary items $808
Extraordinary gains - net $0
Net income attributable to bank $808
Net charge-offs $0
Cash dividends $0
Sale, conversion, retirement of capital stock, net $243
Net operating income $1,190
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Performance and Condition Ratios (December 31, 2008)
(Dollar figures in thousands)
Performance Ratios (%, annualized)
Yield on earning assets6.24%
Cost of funding earning assets 2.53%
Net interest margin 3.71%
Noninterest income to earning assets 0.59%
Noninterest expense to earning assets 2.53%
Net operating income to assets 1.02%
Return on assets (ROA) 1.02%
Pretax return on assets 1.45%
Return on equity (ROE) 11.14%
Retained earnings to average equity (YTD only) -5.27%
Net charge-offs to loans 0.38%
Credit loss provision to net charge-offs 72.02%
Efficiency ratio5.47%
Assets per employee$58,949
Cash dividends to net income (YTD only)3.63%
Condition Ratios (%)
Loss allowance to loans 147.28%
Loss allowance to noncurrent loans 1.09%
Noncurrent assets plus other real estate owned to assets 15.19%
Noncurrent loans to loans 5.98%
Net loans and leases to deposits7.19%
Net loans and leases to core deposits 92.18%
Equity capital to assets 103.74%
Core capital (leverage) ratio 9.24%
Tier 1 risk-based capital ratio 9.18%
Total risk-based capital ratio 11.12%
Memoranda
Average assets$12
Average earning assets$79,554
Average equity $7,252
Average loans $75,378
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