Walworth State Bank in Walworth, Wisconsin (WI)



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Walworth State Bank
GeneralFDIC Certificate #: 15231
Status: Active
Federal Reserve ID: 348542
Bank Holding Company (Regulatory Top Holder): Countryside Financial Services, Inc. (RSSDID: 1209707, Location: Walworth, WI)
Date Established: August 17, 1903
WWW: http://www.walworthbank.com
Trust Powers Granted: No
Bank Charter Class: Commercial bank, state charter and Fed nonmember, supervised by the FDIC
Offices: 4 (Domestic: 4, Interstate: No)
FDIC's unique #: 9585
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: Yes
Asset Concentration Hierarchy: Commercial Lending Specialization
Date of Deposit Insurance: January 01, 1934
Last Structure Change Effective Date: March 31, 2006
Last Structure Change Process Date: November 03, 2006
Last Data Update: November 03, 2006
Data Source Date: April 05, 2012
LocationAddress: Kenosha Street And Highway 67, Walworth, WI 53184
County: Walworth
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
Core Based Statistical Area (CBSA): Whitewater, WI (#48580)
CBSA Micro Statistical Area: Yes
History of ChangesMerge BIF and SAIF Funds into DIF
Financial SummaryTotal assets: $241.7 mil
Equity capital: $23.9 mil
Deposits held in domestic offices: $208.5 mil
Return on assets (ROA): 1.29% ($3.1 mil)
Quarterly return on assets: 1.29% ($3.1 mil)
Return on Equity (ROE): 13.26% ($3.2 mil)
Quarterly return on equity: 13.13% ($3.2 mil)
Net income: $3.0 mil
Quarterly Net income: $0.8 mil
Pretax return on assets: 1.29% ($3,118.5 mil)
Quarterly Pretax return on assets: 1.29% ($3,118.5 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)43
Total assets$241,742
Cash and due from depository institutions$26,141
Interest-bearing balances$20,329
Securities$14,850
Federal funds sold & reverse repurchase agreements$3,000
Net loans & leases$187,196
Loan loss allowance $2,502
Trading account assets$0
Bank premises and fixed assets$3,678
Other real estate owned$3,043
Goodwill and other intangibles$250
All other assets$3,584
Life insurance assets$241,742
Total liabilities and capital$217,802
Total liabilities$208,471
Total deposits$166,869
Interest-bearing deposits$208,471
Deposits held in domestic offices$89
% insured (estimated)254.00%
Federal funds purchased & repurchase agreements $0
Trading liabilities$8,000
Other borrowed funds $0
Subordinated debt $1,077
All other liabilities $23,940
Total equity capital$23,940
Total bank equity capital$23,940
Perpetual preferred stock$0
Common stock$150
Surplus$4,850
Undivided profits $18,940
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 $4,348
Earning assets $0
Long-term assets (5+ years) $857
Average Assets, year-to-date $225,375
Average Assets, quarterly $12,173
Volatile liabilities $237,070
Insider loans $241,405
FHLB advances $179,726
Loans and leases held for sale $237,748
Unused loan commitments $1,149
Tier 1 (core) risk-based capital $1,149
Tier 2 risk-based capital $23,232
Total risk weighted assets $0
Total unused commitments $0
Restructured Loans and leases $18,420
Derivatives$3,978
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Income and Expense (December 31, 2011)
(Dollar figures in thousands)
Total interest income $11,553
Total interest expense $2,218
Net interest income $9,335
Provision for loan and lease losses $1,987
Total noninterest income $1,489
Fiduciary activities $0
Service charges on deposit accounts $279
Trading account gains & fees $0
Additional noninterest income $1,210
Total noninterest expense $5,771
Salaries and employee benefits $3,059
Premises and equipment expense $582
Additional noninterest expense $2,130
Pre-tax net operating income $3,066
Securities gains (losses) -$12
Applicable income taxes $7
Income before extraordinary items $3,047
Extraordinary gains - net $0
Net income attributable to bank $3,047
Net charge-offs $0
Cash dividends $3,047
Sale, conversion, retirement of capital stock, net $2,263
Net operating income $1,378
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Performance and Condition Ratios (December 31, 2011)
(Dollar figures in thousands)
Performance Ratios (%, annualized)
Yield on earning assets5.16%
Cost of funding earning assets 0.99%
Net interest margin 4.17%
Noninterest income to earning assets 0.66%
Noninterest expense to earning assets 2.58%
Net operating income to assets 1.29%
Return on assets (ROA) 1.29%
Pretax return on assets 1.29%
Return on equity (ROE) 13.26%
Retained earnings to average equity (YTD only) 7.26%
Net charge-offs to loans 1.17%
Credit loss provision to net charge-offs 87.80%
Efficiency ratio2.23%
Assets per employee$53,317
Cash dividends to net income (YTD only)5.62%
Condition Ratios (%)
Loss allowance to loans 45.22%
Loss allowance to noncurrent loans 1.32%
Noncurrent assets plus other real estate owned to assets 57.54%
Noncurrent loans to loans 3.06%
Net loans and leases to deposits2.29%
Net loans and leases to core deposits 89.79%
Equity capital to assets 95.30%
Core capital (leverage) ratio 9.90%
Tier 1 risk-based capital ratio 9.77%
Total risk-based capital ratio 12.93%
Memoranda
Average assets$14
Average earning assets$237,070
Average equity $22,975
Average loans $224,073
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4 Wisconsin Branches as of April 05, 2012
NoIDNameAddressEstablishedService TypeMap
09585Walworth State BankKenosha Street And Highway 67, Walworth, WI 53184August 17, 1903Full Service Brick and Mortar
1233499Delavan Inlet BranchHighway 50 And South Shore Drive, Delavan Township, WI 53115October 14, 1980Full Service Brick and Mortar
2362616Williams Bay Branch121 North Walworth Avenue, Williams Bay, WI 53191December 01, 2001Full Service Brick and Mortar
3476938Elkhorn Branch190 East Geneva Street, Elkhorn, WI 53121June 02, 2008Full Service Brick and Mortar
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