Community First National Bank in Spooner, Wisconsin (WI)
Overview, Financial Summary, Detailed Financial Reports, Branches

This bank is inactive as of August 29, 2000

Community First National Bank in Spooner, Wisconsin (WI)
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Community First National Bank - Overview

General
FDIC Certificate #: 9527
Status: Inactive
Closing history: Merger - Without Assistance
Acquiring institution: Community First National Bank (#3924)
Federal Reserve ID: 710653
Date Established: August 11, 1903
Bank Charter Class: Commercial bank, national (federal) charter and Fed member, supervised by the Office of the Comptroller of the Currency (OCC)
Offices: 4 (Interstate: No)
OTS Docket #: 12724
FDIC's unique #: 6123
Numeric code: 3
Regulator: OCC
Insurance Fund Membership: Bank Insurance Fund (BIF)
Bank Insurance Fund: Yes
Insured commercial Banks: Yes
FDIC Insured: Yes
State Chartered: No
Date of Deposit Insurance: January 01, 1934
Last Structure Change Effective Date: August 29, 2000
Last Structure Change Process Date: October 02, 2000
Last Data Update: October 02, 2000
Data Source Date: April 05, 2012
Location
Address: 116-118 Elm Street, Spooner, WI 54801
County: Washburn
Quarterly Banking Profile Region: Chicago
FDIC Geographic Region: Chicago
FDIC Supervisory Region: Kansas City
FDIC Field Office: Eau Claire
Office of the Comptroller the Currency (OCC) District: Central
Office of Thrift Supervision Region: Central
Financial Summary
Total assets: $120.5 mil

1992 - 1999 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, 1999)

Dollar figures in thousands
29Total employees (full-time equivalent)
$116,360Total assets
$4,644Cash and due from depository institutions
$671Interest-bearing balances
$23,314Securities
$0Federal funds sold & reverse repurchase agreements
$80,097Net loans & leases
$1,139Loan loss allowance
$0Trading account assets
$1,973Bank premises and fixed assets
$535Other real estate owned
$1,782Goodwill and other intangibles
$0Life insurance assets
$4,015All other assets
$116,360Total liabilities and capital
$106,496Total liabilities
$96,635Total deposits
$84,511Interest-bearing deposits
$96,635Deposits held in domestic offices
0.00%% insured (estimated)
$5,333Federal funds purchased & repurchase agreements
$0Trading liabilities
$3,500Other borrowed funds
$0Subordinated debt
$1,028All other liabilities
$9,864Total equity capital
$9,864Total bank equity capital
$9,864Perpetual preferred stock
$0Common stock
$5,000Surplus
$1,000Undivided profits
Memoranda
$3,864Noncurrent loans and leases
$6,160Noncurrent loans that are wholly or partially guaranteed by the U.S. government
$0Income earned, not collected on loans
$70Earning assets
$0Long-term assets (5+ years)
$486Average Assets, year-to-date
$104,082Average Assets, quarterly
$22,954Volatile liabilities
$110,538Insider loans
$114,957FHLB advances
$22,448Loans and leases held for sale
$3Unused loan commitments
$0Tier 1 (core) risk-based capital
$0Tier 2 risk-based capital
$158Total risk weighted assets
$6,160Total unused commitments
$0Restructured Loans and leases
$1,052Derivatives

Income and Expense (December 31, 1999)

Dollar figures in thousands
$8,295Total interest income
$3,472Total interest expense
$4,823Net interest income
$315Provision for loan and lease losses
$941Total noninterest income
$0Fiduciary activities
$474Service charges on deposit accounts
$0Trading account gains & fees
$467Additional noninterest income
$2,803Total noninterest expense
$1,239Salaries and employee benefits
$345Premises and equipment expense
$1,219Additional noninterest expense
$2,646Pre-tax net operating income
$21Securities gains (losses)
$837Applicable income taxes
$1,830Income before extraordinary items
$0Extraordinary gains - net
$1,830Net income attributable to bank
$0Net charge-offs
$0Cash dividends
$115Sale, conversion, retirement of capital stock, net
$1,700Net operating income

Performance and Condition Ratios (December 31, 1999)

Dollar figures in thousands
Performance Ratios (%, annualized)
8.36%Yield on earning assets
3.50%Cost of funding earning assets
4.86%Net interest margin
0.95%Noninterest income to earning assets
2.83%Noninterest expense to earning assets
1.64%Net operating income to assets
1.66%Return on assets (ROA)
2.41%Pretax return on assets
18.10%Return on equity (ROE)
1.29%Retained earnings to average equity (YTD only)
0.14%Net charge-offs to loans
273.91%Credit loss provision to net charge-offs
25.75%Efficiency ratio
45,246Assets per employee
4.01%Cash dividends to net income (YTD only)
Condition Ratios (%)
92.90%Loss allowance to loans
1.40%Loss allowance to noncurrent loans
1627.14%Noncurrent assets plus other real estate owned to assets
0.52%Noncurrent loans to loans
0.09%Net loans and leases to deposits
82.89%Net loans and leases to core deposits
96.48%Equity capital to assets
8.48%Core capital (leverage) ratio
7.46%Tier 1 risk-based capital ratio
10.14%Total risk-based capital ratio
Memoranda
$11Average assets
$110,538Average earning assets
$10,111Average equity
$99,165Average loans

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