FDIC Certificate #: 18233 Status: Inactive Closing history: Merger - Without Assistance Acquiring institution:Associated Bank Milwaukee (#1509) Federal Reserve ID: 357142 Date Established: May 20, 1960 Bank Charter Class: Commercial bank, state charter and Fed nonmember, supervised by the FDIC Offices: 2 (Interstate: No) FDIC's unique #: 12149 Numeric code: 21 Regulator: FDIC Insurance Fund Membership: Bank Insurance Fund (BIF) Bank Insurance Fund: Yes Insured commercial Banks: Yes FDIC Insured: Yes State Chartered: Yes Date of Deposit Insurance: May 20, 1960 Last Structure Change Effective Date: March 19, 1998 Last Structure Change Process Date: April 08, 1998 Last Data Update: April 08, 1998 Data Source Date: April 05, 2012
Location
Address: 10701 West National Avenue, West Allis, WI 53227 County: Milwaukee 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)
Financial Summary
Total assets: $75.6 mil
1992 - 1999 Historical total assets, liabilities and capital ($ mil)
Historical Total Incomes ($ mil)
Historical Total Expenses ($ mil)
Assets and Liabilities (December 31, 1997)
Dollar figures in thousands
28Total employees (full-time equivalent)
$75,585Total assets
$4,238Cash and due from depository institutions
$0Interest-bearing balances
$27,576Securities
$8,500Federal funds sold & reverse repurchase agreements
$31,039Net loans & leases
$653Loan loss allowance
$0Trading account assets
$2,391Bank premises and fixed assets
$0Other real estate owned
$0Goodwill and other intangibles
$0Life insurance assets
$1,841All other assets
$75,585Total liabilities and capital
$66,310Total liabilities
$64,718Total deposits
$50,951Interest-bearing deposits
$64,718Deposits held in domestic offices
0.00%% insured (estimated)
$0Federal funds purchased & repurchase agreements
$0Trading liabilities
$0Other borrowed funds
$0Subordinated debt
$1,592All other liabilities
$9,275Total equity capital
$9,275Total bank equity capital
$9,275Perpetual preferred stock
$0Common stock
$400Surplus
$5,600Undivided profits
Memoranda
$3,275Noncurrent loans and leases
$0Noncurrent loans that are wholly or partially guaranteed by the U.S. government
$0Income earned, not collected on loans
$522Earning assets
$0Long-term assets (5+ years)
$165Average Assets, year-to-date
$67,115Average Assets, quarterly
$7,382Volatile liabilities
$76,650Insider loans
$75,742FHLB advances
$2,373Loans and leases held for sale
$0Unused loan commitments
$0Tier 1 (core) risk-based capital
$0Tier 2 risk-based capital
$0Total risk weighted assets
$5,040Total unused commitments
$0Restructured Loans and leases
$40,413Derivatives
Income and Expense (December 31, 1997)
Dollar figures in thousands
$5,209Total interest income
$1,998Total interest expense
$3,211Net interest income
$20Provision for loan and lease losses
$514Total noninterest income
$0Fiduciary activities
$255Service charges on deposit accounts
$0Trading account gains & fees
$259Additional noninterest income
$2,024Total noninterest expense
$960Salaries and employee benefits
$327Premises and equipment expense
$737Additional noninterest expense
$1,681Pre-tax net operating income
$0Securities gains (losses)
$533Applicable income taxes
$1,148Income before extraordinary items
$0Extraordinary gains - net
$1,148Net income attributable to bank
$0Net charge-offs
$0Cash dividends
$95Sale, conversion, retirement of capital stock, net
$0Net operating income
Performance and Condition Ratios (December 31, 1997)
Dollar figures in thousands
Performance Ratios (%, annualized)
7.66%Yield on earning assets
2.94%Cost of funding earning assets
4.72%Net interest margin
0.76%Noninterest income to earning assets
2.98%Noninterest expense to earning assets
1.50%Net operating income to assets
1.50%Return on assets (ROA)
2.19%Pretax return on assets
13.40%Return on equity (ROE)
13.40%Retained earnings to average equity (YTD only)
0.27%Net charge-offs to loans
21.05%Credit loss provision to net charge-offs
17.91%Efficiency ratio
54,336Assets per employee
2.70%Cash dividends to net income (YTD only)
Condition Ratios (%)
0.00%Loss allowance to loans
2.06%Loss allowance to noncurrent loans
125.10%Noncurrent assets plus other real estate owned to assets
0.69%Noncurrent loans to loans
1.65%Net loans and leases to deposits
47.96%Net loans and leases to core deposits
49.79%Equity capital to assets
12.27%Core capital (leverage) ratio
11.90%Tier 1 risk-based capital ratio
22.42%Total risk-based capital ratio
Memoranda
$24Average assets
$76,650Average earning assets
$8,569Average equity
$67,973Average loans
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