FDIC Certificate #: 16721 Status: Inactive Closing history: Corrections Acquiring institution:Bank First National (#5304) Federal Reserve ID: 139245 Date Established: January 21, 1948 Bank Charter Class: Commercial bank, state charter and Fed nonmember, supervised by the FDIC Offices: 2 (Interstate: No) FDIC's unique #: 10843 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: July 30, 1948 Last Structure Change Effective Date: December 17, 1999 Last Structure Change Process Date: Febuary 02, 2000 Last Data Update: Febuary 24, 2000 Data Source Date: April 05, 2012
Location
Address: 2323 Eastern Avenue, Plymouth, WI 53073 County: Sheboygan 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): Sheboygan, WI (#7620) Core Based Statistical Area (CBSA): Sheboygan, WI (#43100) CBSA Metro Statistical Area: Sheboygan, WI (#43100)
History of Changes
Merger - Without Assistance
Corrections
Financial Summary
Total assets: $66.3 mil
1992 - 1999 Historical total assets, liabilities and capital ($ mil)
Historical Total Incomes ($ mil)
Historical Total Expenses ($ mil)
Historical total employees (full-time equivalent)
Assets and Liabilities (December 31, 1998)
Dollar figures in thousands
30Total employees (full-time equivalent)
$64,669Total assets
$2,253Cash and due from depository institutions
$0Interest-bearing balances
$845Securities
$12,375Federal funds sold & reverse repurchase agreements
$45,995Net loans & leases
$415Loan loss allowance
$0Trading account assets
$2,656Bank premises and fixed assets
$0Other real estate owned
$0Goodwill and other intangibles
$0Life insurance assets
$545All other assets
$64,669Total liabilities and capital
$58,738Total liabilities
$58,281Total deposits
$47,213Interest-bearing deposits
$58,281Deposits held in domestic offices
0.00%% insured (estimated)
$0Federal funds purchased & repurchase agreements
$0Trading liabilities
$0Other borrowed funds
$0Subordinated debt
$457All other liabilities
$5,931Total equity capital
$5,931Total bank equity capital
$5,931Perpetual preferred stock
$0Common stock
$300Surplus
$2,700Undivided profits
Memoranda
$2,931Noncurrent loans and leases
$0Noncurrent loans that are wholly or partially guaranteed by the U.S. government
$0Income earned, not collected on loans
$403Earning assets
$0Long-term assets (5+ years)
$297Average Assets, year-to-date
$59,215Average Assets, quarterly
$686Volatile liabilities
$61,257Insider loans
$63,551FHLB advances
$1,917Loans and leases held for sale
$224Unused loan commitments
$0Tier 1 (core) risk-based capital
$0Tier 2 risk-based capital
$1,232Total risk weighted assets
$5,391Total unused commitments
$0Restructured Loans and leases
$44,834Derivatives
Income and Expense (December 31, 1998)
Dollar figures in thousands
$4,669Total interest income
$1,952Total interest expense
$2,717Net interest income
$143Provision for loan and lease losses
$221Total noninterest income
$0Fiduciary activities
$43Service charges on deposit accounts
$0Trading account gains & fees
$178Additional noninterest income
$1,988Total noninterest expense
$1,052Salaries and employee benefits
$377Premises and equipment expense
$559Additional noninterest expense
$807Pre-tax net operating income
$0Securities gains (losses)
$267Applicable income taxes
$540Income before extraordinary items
$0Extraordinary gains - net
$540Net income attributable to bank
$0Net charge-offs
$0Cash dividends
$138Sale, conversion, retirement of capital stock, net
$0Net operating income
Performance and Condition Ratios (December 31, 1998)
Dollar figures in thousands
Performance Ratios (%, annualized)
8.43%Yield on earning assets
3.53%Cost of funding earning assets
4.91%Net interest margin
0.40%Noninterest income to earning assets
3.59%Noninterest expense to earning assets
0.88%Net operating income to assets
0.88%Return on assets (ROA)
1.32%Pretax return on assets
9.58%Return on equity (ROE)
9.58%Retained earnings to average equity (YTD only)
0.30%Net charge-offs to loans
103.62%Credit loss provision to net charge-offs
6.88%Efficiency ratio
67,665Assets per employee
2.16%Cash dividends to net income (YTD only)
Condition Ratios (%)
0.00%Loss allowance to loans
0.89%Loss allowance to noncurrent loans
102.98%Noncurrent assets plus other real estate owned to assets
0.62%Noncurrent loans to loans
0.87%Net loans and leases to deposits
78.92%Net loans and leases to core deposits
81.60%Equity capital to assets
9.17%Core capital (leverage) ratio
9.33%Tier 1 risk-based capital ratio
13.23%Total risk-based capital ratio
Memoranda
$14Average assets
$61,257Average earning assets
$5,636Average equity
$55,375Average loans
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