Time Federal Savings Bank in Medford, Wisconsin (WI)



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Time Federal Savings Bank
GeneralFDIC Certificate #: 29294
Status: Active
Federal Reserve ID: 27070
Date Established: Febuary 18, 1935
WWW: http://www.timefederalsavings.com
Trust Powers Granted: No
Bank Charter Class: Savings associations, state or federal charter, supervised by the Office of Thrift Supervision (OTS)
Offices: 5 (Domestic: 5, Interstate: No)
OTS Docket #: 3235
FDIC's unique #: 42128
Numeric code: 34
Regulator: OCC
Insurance Fund Membership: Deposit Insurance Fund (DIF)
FDIC Insured: Yes
Insured Savings Institution: Yes
Deposit Insurance Fund member: Yes
Ownership Type: Non-Stock
FFIEC Call Report 31 Filer: No
State Chartered: No
Subchapter S Corporations: No
Asset Concentration Hierarchy: Mortgage Lending Specialization
Date of Deposit Insurance: Febuary 18, 1935
Last Structure Change Effective Date: July 21, 2011
Last Structure Change Process Date: July 21, 2011
Last Data Update: July 21, 2011
Data Source Date: April 05, 2012
LocationAddress: 675 E. Broadway Ave., Medford, WI 54451
County: Taylor
Quarterly Banking Profile Region: Chicago
FDIC Geographic Region: Chicago
FDIC Supervisory Region: Chicago
FDIC Field Office: Eau Claire
Office of the Comptroller the Currency (OCC) District: Central
Office of Thrift Supervision Region: Central
History of ChangesChange in Primary Regulatory Agency
Financial SummaryTotal assets: $610.0 mil
Equity capital: $102.8 mil
Deposits held in domestic offices: $505.0 mil
Return on assets (ROA): 1.35% ($8.2 mil)
Quarterly return on assets: 1.14% ($7.0 mil)
Return on Equity (ROE): 8.22% ($8.5 mil)
Quarterly return on equity: 6.79% ($7.0 mil)
Net income: $8.1 mil
Quarterly Net income: $1.7 mil
Pretax return on assets: 2.22% ($13,541.7 mil)
Quarterly Pretax return on assets: 1.99% ($12,138.7 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)
Total employees (full-time equivalent)67
Total assets$609,985
Cash and due from depository institutions$9,306
Interest-bearing balances$4,205
Securities$219,687
Federal funds sold & reverse repurchase agreements$0
Net loans & leases$367,624
Loan loss allowance $800
Trading account assets$0
Bank premises and fixed assets$6,640
Other real estate owned$325
Goodwill and other intangibles$0
All other assets$6,403
Life insurance assets$609,985
Total liabilities and capital$507,172
Total liabilities$504,982
Total deposits$500,364
Interest-bearing deposits$504,982
Deposits held in domestic offices$97
% insured (estimated)0.00%
Federal funds purchased & repurchase agreements $0
Trading liabilities$0
Other borrowed funds $0
Subordinated debt $2,190
All other liabilities $102,813
Total equity capital$102,813
Total bank equity capital$102,813
Perpetual preferred stock$0
Common stock$0
Surplus$0
Undivided profits $102,813
Memoranda
Noncurrent loans and leases $0
Noncurrent loans that are wholly or partially guaranteed by the U.S. government $0
Income earned, not collected on loans $846
Earning assets $0
Long-term assets (5+ years) $1,261
Average Assets, year-to-date $591,516
Average Assets, quarterly $0
Volatile liabilities $601,163
Insider loans $608,568
FHLB advances $231,362
Loans and leases held for sale $610,041
Unused loan commitments $0
Tier 1 (core) risk-based capital $0
Tier 2 risk-based capital $102,869
Total risk weighted assets $0
Total unused commitments $0
Restructured Loans and leases $6,382
Derivatives$0
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Income and Expense (December 31, 2011)
(Dollar figures in thousands)
Total interest income $26,396
Total interest expense $6,510
Net interest income $19,886
Provision for loan and lease losses $381
Total noninterest income $40
Fiduciary activities $0
Service charges on deposit accounts $0
Trading account gains & fees $0
Additional noninterest income $40
Total noninterest expense $6,376
Salaries and employee benefits $4,071
Premises and equipment expense $990
Additional noninterest expense $1,315
Pre-tax net operating income $13,169
Securities gains (losses) $166
Applicable income taxes $5,203
Income before extraordinary items $8,132
Extraordinary gains - net $0
Net income attributable to bank $8,132
Net charge-offs $0
Cash dividends $8,132
Sale, conversion, retirement of capital stock, net $85
Net operating income $0
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Performance and Condition Ratios (December 31, 2011)
(Dollar figures in thousands)
Performance Ratios (%, annualized)
Yield on earning assets4.54%
Cost of funding earning assets 1.12%
Net interest margin 3.42%
Noninterest income to earning assets 0.01%
Noninterest expense to earning assets 1.10%
Net operating income to assets 1.34%
Return on assets (ROA) 1.35%
Pretax return on assets 2.22%
Return on equity (ROE) 8.22%
Retained earnings to average equity (YTD only) 8.22%
Net charge-offs to loans 0.02%
Credit loss provision to net charge-offs 448.24%
Efficiency ratio159.41%
Assets per employee$31,998
Cash dividends to net income (YTD only)9.10%
Condition Ratios (%)
Loss allowance to loans 0.00%
Loss allowance to noncurrent loans 0.22%
Noncurrent assets plus other real estate owned to assets 94.56%
Noncurrent loans to loans 0.19%
Net loans and leases to deposits0.23%
Net loans and leases to core deposits 72.80%
Equity capital to assets 78.08%
Core capital (leverage) ratio 16.86%
Tier 1 risk-based capital ratio 16.86%
Total risk-based capital ratio 44.46%
Memoranda
Average assets$45
Average earning assets$601,163
Average equity $98,889
Average loans $581,838
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5 Wisconsin Branches as of April 05, 2012
NoIDNameAddressEstablishedService TypeMap
042128Time Federal Savings Bank675 E. Broadway Ave., Medford, WI 54451Febuary 18, 1935Full Service Brick and Mortar
1274320204 N Avon Ave Branch204 N Avon Ave, Phillips, WI 54555Febuary 18, 1935Full Service Brick and Mortar
100274321Marshfield Branch810 North Central Avenue, Marshfield, WI 54449Febuary 18, 1935Full Service Brick and Mortar
101274322249 W Third St Branch249 W Third St, Owen, WI 54460Febuary 18, 1935Full Service Brick and Mortar
10227432317th Avenue Branch900 South 17th Avenue, Wausau, WI 54401June 30, 1989Full Service Brick and Mortar
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