Clare Bank, National Association in city_name, state_name - Detailed Financial Reports, Location

Clare Bank, National Association in Platteville, Wisconsin (WI)
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Clare Bank, National Association routing number info

Clare Bank, National Association - Overview

General
FDIC Certificate #: 1022
Status: Active
Federal Reserve ID: 988144
Bank Holding Company (Regulatory Top Holder): Montfort Bancorporation, Inc. (RSSDID: 1205325, Location: Platteville, WI)
Date Established: October 28, 1905
WWW: http://www.clarebank.com
Trust Powers Granted: Yes
Bank Charter Class: Commercial bank, national (federal) charter and Fed member, supervised by the Office of the Comptroller of the Currency (OCC)
Offices: 8 (Domestic: 8, Interstate: No)
OTS Docket #: 10108
FDIC's unique #: 678
Numeric code: 3
Regulator: OCC
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: No
Subchapter S Corporations: Yes
Asset Concentration Hierarchy: All Other Specialization < 1 Billion
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: 345 West Pine Street, Platteville, WI 53818
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
Merge BIF and SAIF Funds into DIF
Financial Summary
Total assets: $260.4 mil
Equity capital: $26.5 mil
Deposits held in domestic offices: $232.5 mil
Return on assets (ROA): 2.02% ($5.3 mil)
Quarterly return on assets: 2.12% ($5.5 mil)
Return on Equity (ROE): 20.62% ($5.4 mil)
Quarterly return on equity: 20.90% ($5.4 mil)
Net income: $5.1 mil
Quarterly Net income: $1.4 mil
Pretax return on assets: 2.02% ($5,260.8 mil)
Quarterly Pretax return on assets: 2.12% ($5,521.3 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
33Total employees (full-time equivalent)
$260,438Total assets
$17,210Cash and due from depository institutions
$11,771Interest-bearing balances
$71,494Securities
$2,939Federal funds sold & reverse repurchase agreements
$162,169Net loans & leases
$572Loan loss allowance
$0Trading account assets
$1,452Bank premises and fixed assets
$177Other real estate owned
$175Goodwill and other intangibles
$260,438Life insurance assets
$4,822All other assets
$233,965Total liabilities and capital
$232,514Total liabilities
$206,226Total deposits
$232,514Interest-bearing deposits
$87Deposits held in domestic offices
0.00%% insured (estimated)
$0Federal funds purchased & repurchase agreements
$200Trading liabilities
$0Other borrowed funds
$1,251Subordinated debt
$26,473All other liabilities
$26,473Total equity capital
$26,473Total bank equity capital
$0Perpetual preferred stock
$1,500Common stock
$3,500Surplus
$21,473Undivided profits
Memoranda
$0Noncurrent loans and leases
$0Noncurrent loans that are wholly or partially guaranteed by the U.S. government
$791Income earned, not collected on loans
$77Earning assets
$1,487Long-term assets (5+ years)
$248,373Average Assets, year-to-date
$117,398Average Assets, quarterly
$253,759Volatile liabilities
$256,793Insider loans
$107,506FHLB advances
$252,881Loans and leases held for sale
$823Unused loan commitments
$823Tier 1 (core) risk-based capital
$23,830Tier 2 risk-based capital
$0Total risk weighted assets
$0Total unused commitments
$2,397Restructured Loans and leases
$2,041Derivatives

Income and Expense (December 31, 2011)

Dollar figures in thousands
$10,096Total interest income
$2,520Total interest expense
$7,576Net interest income
$0Provision for loan and lease losses
$491Total noninterest income
$0Fiduciary activities
$309Service charges on deposit accounts
$0Trading account gains & fees
$182Additional noninterest income
$3,206Total noninterest expense
$1,835Salaries and employee benefits
$247Premises and equipment expense
$1,124Additional noninterest expense
$4,861Pre-tax net operating income
$270Securities gains (losses)
$0Applicable income taxes
$5,131Income before extraordinary items
$0Extraordinary gains - net
$5,131Net income attributable to bank
$0Net charge-offs
$5,131Cash dividends
$35Sale, conversion, retirement of capital stock, net
$2,465Net operating income

Performance and Condition Ratios (December 31, 2011)

Dollar figures in thousands
Performance Ratios (%, annualized)
4.16%Yield on earning assets
1.04%Cost of funding earning assets
3.12%Net interest margin
0.20%Noninterest income to earning assets
1.32%Noninterest expense to earning assets
1.92%Net operating income to assets
2.02%Return on assets (ROA)
2.02%Pretax return on assets
20.62%Return on equity (ROE)
10.72%Retained earnings to average equity (YTD only)
0.02%Net charge-offs to loans
0.00%Credit loss provision to net charge-offs
138.89%Efficiency ratio
39,742Assets per employee
7.89%Cash dividends to net income (YTD only)
Condition Ratios (%)
48.04%Loss allowance to loans
0.35%Loss allowance to noncurrent loans
72.31%Noncurrent assets plus other real estate owned to assets
0.37%Noncurrent loans to loans
0.49%Net loans and leases to deposits
69.75%Net loans and leases to core deposits
71.31%Equity capital to assets
10.16%Core capital (leverage) ratio
9.42%Tier 1 risk-based capital ratio
22.17%Total risk-based capital ratio
Memoranda
$23Average assets
$253,759Average earning assets
$24,878Average equity
$242,924Average loans

Total Fiduciary and Related Assets (December 31, 2003)

Dollar figures in thousands
$1Total fiduciary and related assets
1Number of Fiduciary Accounts and Related Asset Accounts
YesFiduciary powers granted
YesFiduciary or related activity
$13Managed Assets
1Number of Accounts
$13Personal trust and agency accounts
$13Employee benefit-defined contribution accounts
$0Employee benefit-defined benefit accounts
$0Other retirement accounts
$0Corporate trust and agency accounts
$0Investment management agency accounts
$0Other fiduciary accounts
$0Fiduciary accounts held in foreign offices
$0Non-managed Assets
1Number of Accounts
$0Personal trust and agency accounts
$0Employee benefit-defined contribution accounts
$0Employee benefit-defined benefit accounts
$0Other retirement accounts
$0Corporate trust and agency accounts
$0Other fiduciary accounts
$0Fiduciary accounts held in foreign offices

List of branches

8 Wisconsin Branches as of April 05, 2012

No	ID	Name	Address	Established	Service Type
0	678	Clare Bank, National Association	345 West Pine Street, Platteville, WI 53818	October 28, 1905	Full Service Brick and Mortar
1	187693	Jamestown Branch	3810 Dry Hollow Road, Jamestown Township, WI 53807	March 25, 1975	Full Service Brick and Mortar
2	8949	Bloomington Main Branch	Main Street, Bloomington, WI 53804	August 26, 1909	Full Service Brick and Mortar
3	15621	Boscobel Main Branch	1701 Elm Street, Boscobel, WI 53805	Febuary 22, 1977	Full Service Brick and Mortar
4	7969	Montfort Main Branch	2 S Wall Street, Montfort, WI 53569	March 28, 1905	Full Service Brick and Mortar
5	5543	Shullsburg Main Branch	105 West Water Street, Shullsburg, WI 53586	January 01, 1909	Full Service Brick and Mortar
7	285301	1290 4th Street Branch	1290 4th Street, Fennimore, WI 53809	November 08, 1971	Full Service Brick and Mortar
8	285302	107 W Nebraska Branch	107 W Nebraska, Muscoda, WI 53573	June 30, 1989	Full Service Brick and Mortar

Clare Bank, National Association in Platteville, Wisconsin (WI)
Overview, Financial Summary, Detailed Financial Reports, Branches

Clare Bank, National Association - Overview

Assets and Liabilities (December 31, 2011)

Income and Expense (December 31, 2011)

Performance and Condition Ratios (December 31, 2011)

Total Fiduciary and Related Assets (December 31, 2003)

List of branches

Comment about this bank, ask questions, or add new information about it:

Clare Bank, National Association in Platteville, Wisconsin (WI)Overview, Financial Summary, Detailed Financial Reports, Branches

Clare Bank, National Association - Overview

Assets and Liabilities (December 31, 2011)

Income and Expense (December 31, 2011)

Performance and Condition Ratios (December 31, 2011)

Total Fiduciary and Related Assets (December 31, 2003)

List of branches

Comment about this bank, ask questions, or add new information about it:

Clare Bank, National Association in Platteville, Wisconsin (WI)
Overview, Financial Summary, Detailed Financial Reports, Branches