FDIC Certificate #: 32724 Status: Inactive Closing history: Merger - Without Assistance Acquiring institution:Lincoln State Bank (#13028) Federal Reserve ID: 1413090 Date Established: November 27, 1989 Bank Charter Class: Commercial bank, state charter and Fed nonmember, supervised by the FDIC Offices: 5 (Interstate: No) OTS Docket #: 12533 FDIC's unique #: 45587 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: November 27, 1989 Last Structure Change Effective Date: November 12, 2007 Last Structure Change Process Date: December 03, 2007 Last Data Update: December 03, 2007 Data Source Date: April 05, 2012
Location
Address: 500 Cherry Avenue, Oconto Falls, WI 54154 County: Oconto Quarterly Banking Profile Region: Chicago FDIC Geographic Region: Chicago FDIC Supervisory Region: Chicago FDIC Field Office: Appleton Office of the Comptroller the Currency (OCC) District: Central Office of Thrift Supervision Region: Central Core Based Statistical Area (CBSA): Green Bay, WI (#24580) CBSA Metro Statistical Area: Green Bay, WI (#24580)
Financial Summary
Total assets: $101.0 mil
1992 - 1999 Historical total assets, liabilities and capital ($ 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, 2006)
Dollar figures in thousands
47Total employees (full-time equivalent)
$100,088Total assets
$3,968Cash and due from depository institutions
$8Interest-bearing balances
$11,704Securities
$4,994Federal funds sold & reverse repurchase agreements
$75,018Net loans & leases
$538Loan loss allowance
$0Trading account assets
$3,451Bank premises and fixed assets
$0Other real estate owned
$0Goodwill and other intangibles
$30Life insurance assets
$953All other assets
$100,088Total liabilities and capital
$92,349Total liabilities
$90,748Total deposits
$82,231Interest-bearing deposits
$90,748Deposits held in domestic offices
0.00%% insured (estimated)
$0Federal funds purchased & repurchase agreements
$0Trading liabilities
$1,000Other borrowed funds
$0Subordinated debt
$601All other liabilities
$7,739Total equity capital
$7,739Total bank equity capital
$7,739Perpetual preferred stock
$0Common stock
$1,280Surplus
$1,220Undivided profits
Memoranda
$5,239Noncurrent loans and leases
$15,612Noncurrent loans that are wholly or partially guaranteed by the U.S. government
$0Income earned, not collected on loans
$790Earning assets
$0Long-term assets (5+ years)
$511Average Assets, year-to-date
$91,724Average Assets, quarterly
$6,330Volatile liabilities
$95,352Insider loans
$98,217FHLB advances
$13,990Loans and leases held for sale
$5,721Unused loan commitments
$1,000Tier 1 (core) risk-based capital
$0Tier 2 risk-based capital
$0Total risk weighted assets
$15,612Total unused commitments
$0Restructured Loans and leases
$538Derivatives
Income and Expense (December 31, 2006)
Dollar figures in thousands
$6,140Total interest income
$2,722Total interest expense
$3,418Net interest income
$0Provision for loan and lease losses
$521Total noninterest income
$0Fiduciary activities
$365Service charges on deposit accounts
$0Trading account gains & fees
$156Additional noninterest income
$3,219Total noninterest expense
$1,848Salaries and employee benefits
$512Premises and equipment expense
$859Additional noninterest expense
$720Pre-tax net operating income
$0Securities gains (losses)
$195Applicable income taxes
$525Income before extraordinary items
$0Extraordinary gains - net
$525Net income attributable to bank
$0Net charge-offs
$0Cash dividends
$97Sale, conversion, retirement of capital stock, net
$0Net operating income
Performance and Condition Ratios (December 31, 2006)
Dollar figures in thousands
Performance Ratios (%, annualized)
7.02%Yield on earning assets
3.11%Cost of funding earning assets
3.91%Net interest margin
0.60%Noninterest income to earning assets
3.68%Noninterest expense to earning assets
0.55%Net operating income to assets
0.55%Return on assets (ROA)
0.76%Pretax return on assets
7.06%Return on equity (ROE)
7.06%Retained earnings to average equity (YTD only)
0.13%Net charge-offs to loans
0.00%Credit loss provision to net charge-offs
7.42%Efficiency ratio
81,721Assets per employee
2.13%Cash dividends to net income (YTD only)
Condition Ratios (%)
0.00%Loss allowance to loans
0.71%Loss allowance to noncurrent loans
68.10%Noncurrent assets plus other real estate owned to assets
0.79%Noncurrent loans to loans
1.05%Net loans and leases to deposits
82.67%Net loans and leases to core deposits
97.73%Equity capital to assets
7.73%Core capital (leverage) ratio
8.12%Tier 1 risk-based capital ratio
9.62%Total risk-based capital ratio
Memoranda
$10Average assets
$95,352Average earning assets
$7,435Average equity
$87,485Average loans
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