Walworth State Bank in Walworth, Wisconsin (WI)
Overview, Financial Summary, Detailed Financial Reports, Branches

  • Walworth State Bank in Walworth, Wisconsin (WI)
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Walworth State Bank - Overview

  • General
  • FDIC 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
  • Location
  • Address: 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 Changes
  • Merge BIF and SAIF Funds into DIF
  • Financial Summary
  • Total 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
  • 43Total employees (full-time equivalent)
  • $241,742Total assets
  • $26,141Cash and due from depository institutions
  • $20,329Interest-bearing balances
  • $14,850Securities
  • $3,000Federal funds sold & reverse repurchase agreements
  • $187,196Net loans & leases
  • $2,502Loan loss allowance
  • $0Trading account assets
  • $3,678Bank premises and fixed assets
  • $3,043Other real estate owned
  • $250Goodwill and other intangibles
  • $241,742Life insurance assets
  • $3,584All other assets
  • $217,802Total liabilities and capital
  • $208,471Total liabilities
  • $166,869Total deposits
  • $208,471Interest-bearing deposits
  • $89Deposits held in domestic offices
  • 254.00%% insured (estimated)
  • $0Federal funds purchased & repurchase agreements
  • $8,000Trading liabilities
  • $0Other borrowed funds
  • $1,077Subordinated debt
  • $23,940All other liabilities
  • $23,940Total equity capital
  • $23,940Total bank equity capital
  • $0Perpetual preferred stock
  • $150Common stock
  • $4,850Surplus
  • $18,940Undivided profits
  • Memoranda
  • $0Noncurrent loans and leases
  • $0Noncurrent loans that are wholly or partially guaranteed by the U.S. government
  • $4,348Income earned, not collected on loans
  • $0Earning assets
  • $857Long-term assets (5+ years)
  • $225,375Average Assets, year-to-date
  • $12,173Average Assets, quarterly
  • $237,070Volatile liabilities
  • $241,405Insider loans
  • $179,726FHLB advances
  • $237,748Loans and leases held for sale
  • $1,149Unused loan commitments
  • $1,149Tier 1 (core) risk-based capital
  • $23,232Tier 2 risk-based capital
  • $0Total risk weighted assets
  • $0Total unused commitments
  • $18,420Restructured Loans and leases
  • $3,978Derivatives

Income and Expense (December 31, 2011)

  • Dollar figures in thousands
  • $11,553Total interest income
  • $2,218Total interest expense
  • $9,335Net interest income
  • $1,987Provision for loan and lease losses
  • $1,489Total noninterest income
  • $0Fiduciary activities
  • $279Service charges on deposit accounts
  • $0Trading account gains & fees
  • $1,210Additional noninterest income
  • $5,771Total noninterest expense
  • $3,059Salaries and employee benefits
  • $582Premises and equipment expense
  • $2,130Additional noninterest expense
  • $3,066Pre-tax net operating income
  • -$12Securities gains (losses)
  • $7Applicable income taxes
  • $3,047Income before extraordinary items
  • $0Extraordinary gains - net
  • $3,047Net income attributable to bank
  • $0Net charge-offs
  • $3,047Cash dividends
  • $2,263Sale, conversion, retirement of capital stock, net
  • $1,378Net operating income

Performance and Condition Ratios (December 31, 2011)

  • Dollar figures in thousands
  • Performance Ratios (%, annualized)
  • 5.16%Yield on earning assets
  • 0.99%Cost of funding earning assets
  • 4.17%Net interest margin
  • 0.66%Noninterest income to earning assets
  • 2.58%Noninterest expense to earning assets
  • 1.29%Net operating income to assets
  • 1.29%Return on assets (ROA)
  • 1.29%Pretax return on assets
  • 13.26%Return on equity (ROE)
  • 7.26%Retained earnings to average equity (YTD only)
  • 1.17%Net charge-offs to loans
  • 87.80%Credit loss provision to net charge-offs
  • 2.23%Efficiency ratio
  • 53,317Assets per employee
  • 5.62%Cash dividends to net income (YTD only)
  • Condition Ratios (%)
  • 45.22%Loss allowance to loans
  • 1.32%Loss allowance to noncurrent loans
  • 57.54%Noncurrent assets plus other real estate owned to assets
  • 3.06%Noncurrent loans to loans
  • 2.29%Net loans and leases to deposits
  • 89.79%Net loans and leases to core deposits
  • 95.30%Equity capital to assets
  • 9.90%Core capital (leverage) ratio
  • 9.77%Tier 1 risk-based capital ratio
  • 12.93%Total risk-based capital ratio
  • Memoranda
  • $14Average assets
  • $237,070Average earning assets
  • $22,975Average equity
  • $224,073Average loans

List of branches

  • 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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