FDIC Certificate #: 13272 Status: Inactive Closing history: Corrections Acquiring institution:Royal Bank (#13454) Federal Reserve ID: 216445 Date Established: January 01, 1910 Bank Charter Class: Commercial bank, state charter and Fed nonmember, supervised by the FDIC Offices: 1 (Interstate: No) OTS Docket #: 11489 FDIC's unique #: 8396 Numeric code: 21 Regulator: FDIC 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: January 01, 1934 Last Structure Change Effective Date: Febuary 11, 2011 Last Structure Change Process Date: Febuary 15, 2011 Last Data Update: Febuary 15, 2011 Data Source Date: April 05, 2012
Location
Address: 201 East Amelia, Cassville, WI 53806 County: Grant 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 Core Based Statistical Area (CBSA): Platteville, WI (#38420) CBSA Micro Statistical Area: Yes
History of Changes
Absorption - Assisted
Corrections
Financial Summary
Total assets: $83.8 mil
1992 - 1999 Historical total assets, liabilities and capital ($ 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, 2010)
Dollar figures in thousands
15Total employees (full-time equivalent)
$83,828Total assets
$9,865Cash and due from depository institutions
$7,957Interest-bearing balances
$6,935Securities
$7,658Federal funds sold & reverse repurchase agreements
$56,187Net loans & leases
$2,313Loan loss allowance
$0Trading account assets
$65Bank premises and fixed assets
$1,318Other real estate owned
$0Goodwill and other intangibles
$0Life insurance assets
$1,800All other assets
$83,828Total liabilities and capital
$82,058Total liabilities
$78,549Total deposits
$72,443Interest-bearing deposits
$78,549Deposits held in domestic offices
96.57%% insured (estimated)
$0Federal funds purchased & repurchase agreements
$0Trading liabilities
$3,300Other borrowed funds
$0Subordinated debt
$209All other liabilities
$1,770Total equity capital
$1,770Total bank equity capital
$1,770Perpetual preferred stock
$0Common stock
$50Surplus
$2,325Undivided profits
Memoranda
$-605Noncurrent loans and leases
$5,673Noncurrent loans that are wholly or partially guaranteed by the U.S. government
$0Income earned, not collected on loans
$5,355Earning assets
$579Long-term assets (5+ years)
$511Average Assets, year-to-date
$78,737Average Assets, quarterly
$2,146Volatile liabilities
$90,385Insider loans
$84,696FHLB advances
$24,108Loans and leases held for sale
$541Unused loan commitments
$3,300Tier 1 (core) risk-based capital
$0Tier 2 risk-based capital
$0Total risk weighted assets
$5,673Total unused commitments
$1,143Restructured Loans and leases
$783Derivatives
Income and Expense (December 31, 2010)
Dollar figures in thousands
$4,294Total interest income
$2,050Total interest expense
$2,244Net interest income
$1,477Provision for loan and lease losses
-$396Total noninterest income
$0Fiduciary activities
$95Service charges on deposit accounts
$0Trading account gains & fees
-$491Additional noninterest income
$1,929Total noninterest expense
$1,013Salaries and employee benefits
$91Premises and equipment expense
$825Additional noninterest expense
-$1,558Pre-tax net operating income
$0Securities gains (losses)
$8Applicable income taxes
-$1,566Income before extraordinary items
$0Extraordinary gains - net
-$1,566Net income attributable to bank
$0Net charge-offs
-$1,566Cash dividends
$1,583Sale, conversion, retirement of capital stock, net
$0Net operating income
Performance and Condition Ratios (December 31, 2010)
Dollar figures in thousands
Performance Ratios (%, annualized)
5.08%Yield on earning assets
2.42%Cost of funding earning assets
2.65%Net interest margin
-0.47%Noninterest income to earning assets
2.28%Noninterest expense to earning assets
-1.73%Net operating income to assets
-1.73%Return on assets (ROA)
-1.72%Pretax return on assets
-64.01%Return on equity (ROE)
-64.01%Retained earnings to average equity (YTD only)
2.43%Net charge-offs to loans
93.30%Credit loss provision to net charge-offs
-0.05%Efficiency ratio
104,383Assets per employee
5.59%Cash dividends to net income (YTD only)
Condition Ratios (%)
0.00%Loss allowance to loans
3.95%Loss allowance to noncurrent loans
43.19%Noncurrent assets plus other real estate owned to assets
7.96%Noncurrent loans to loans
9.15%Net loans and leases to deposits
71.53%Net loans and leases to core deposits
103.21%Equity capital to assets
2.11%Core capital (leverage) ratio
2.08%Tier 1 risk-based capital ratio
2.90%Total risk-based capital ratio
Memoranda
$4Average assets
$90,385Average earning assets
$2,446Average equity
$84,608Average loans
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