First Banking Center-Albany in Albany, Wisconsin (WI)
Overview, Financial Summary, Detailed Financial Reports, Branches

This bank is inactive as of April 06, 1998

First Banking Center-Albany in Albany, Wisconsin (WI)
Show street view No street view available for this location

First Banking Center-Albany - Overview

General
FDIC Certificate #: 2479
Status: Inactive
Closing history: Merger - Without Assistance
Acquiring institution: First Banking Center (#5287)
Federal Reserve ID: 441948
Date Established: January 01, 1892
Bank Charter Class: Commercial bank, state charter and Fed member, supervised by the Federal Reserve (FRB)
Offices: 2 (Interstate: No)
OTS Docket #: 10575
FDIC's unique #: 1629
Numeric code: 13
Regulator: FED
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: January 01, 1934
Last Structure Change Effective Date: April 06, 1998
Last Structure Change Process Date: April 08, 1998
Last Data Update: April 11, 1998
Data Source Date: April 05, 2012
Location
Address: 102 West Main Street, Albany, WI 53502
County: Green
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): Monroe, WI (#33820)
CBSA Micro Statistical Area: Yes
Financial Summary
Total assets: $28.5 mil

1992 - 1999 Historical total assets, liabilities and capital ($ mil)

Historical Total Incomes ($ mil)

Historical Total Expenses ($ mil)

Assets and Liabilities (December 31, 1997)

Dollar figures in thousands
13Total employees (full-time equivalent)
$28,132Total assets
$1,845Cash and due from depository institutions
$601Interest-bearing balances
$3,376Securities
$398Federal funds sold & reverse repurchase agreements
$21,426Net loans & leases
$336Loan loss allowance
$0Trading account assets
$724Bank premises and fixed assets
$0Other real estate owned
$0Goodwill and other intangibles
$0Life insurance assets
$363All other assets
$28,132Total liabilities and capital
$25,275Total liabilities
$23,805Total deposits
$21,452Interest-bearing deposits
$23,805Deposits held in domestic offices
0.00%% insured (estimated)
$270Federal funds purchased & repurchase agreements
$0Trading liabilities
$1,028Other borrowed funds
$0Subordinated debt
$172All other liabilities
$2,857Total equity capital
$2,857Total bank equity capital
$2,857Perpetual preferred stock
$0Common stock
$100Surplus
$1,570Undivided profits
Memoranda
$1,187Noncurrent loans and leases
$0Noncurrent loans that are wholly or partially guaranteed by the U.S. government
$0Income earned, not collected on loans
$0Earning assets
$0Long-term assets (5+ years)
$222Average Assets, year-to-date
$25,801Average Assets, quarterly
$1,535Volatile liabilities
$26,503Insider loans
$26,760FHLB advances
$2,068Loans and leases held for sale
$739Unused loan commitments
$0Tier 1 (core) risk-based capital
$0Tier 2 risk-based capital
$0Total risk weighted assets
$2,559Total unused commitments
$0Restructured Loans and leases
$20,897Derivatives

Income and Expense (December 31, 1997)

Dollar figures in thousands
$2,083Total interest income
$1,069Total interest expense
$1,014Net interest income
$30Provision for loan and lease losses
$183Total noninterest income
$0Fiduciary activities
$112Service charges on deposit accounts
$0Trading account gains & fees
$71Additional noninterest income
$833Total noninterest expense
$386Salaries and employee benefits
$114Premises and equipment expense
$333Additional noninterest expense
$334Pre-tax net operating income
$0Securities gains (losses)
$114Applicable income taxes
$220Income before extraordinary items
$0Extraordinary gains - net
$220Net income attributable to bank
$0Net charge-offs
$0Cash dividends
$3Sale, conversion, retirement of capital stock, net
$120Net operating income

Performance and Condition Ratios (December 31, 1997)

Dollar figures in thousands
Performance Ratios (%, annualized)
8.53%Yield on earning assets
4.38%Cost of funding earning assets
4.15%Net interest margin
0.75%Noninterest income to earning assets
3.41%Noninterest expense to earning assets
0.83%Net operating income to assets
0.83%Return on assets (ROA)
1.26%Pretax return on assets
7.85%Return on equity (ROE)
3.57%Retained earnings to average equity (YTD only)
0.02%Net charge-offs to loans
1000.00%Credit loss provision to net charge-offs
121.33%Efficiency ratio
69,591Assets per employee
2.16%Cash dividends to net income (YTD only)
Condition Ratios (%)
54.55%Loss allowance to loans
1.54%Loss allowance to noncurrent loans
0.00%Noncurrent assets plus other real estate owned to assets
0.00%Noncurrent loans to loans
0.00%Net loans and leases to deposits
90.01%Net loans and leases to core deposits
95.58%Equity capital to assets
10.16%Core capital (leverage) ratio
10.37%Tier 1 risk-based capital ratio
13.54%Total risk-based capital ratio
Memoranda
$15Average assets
$26,503Average earning assets
$2,804Average equity
$24,412Average loans

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

This web site is not associated with, endorsed by, or sponsored by and has no official or unofficial affiliation with First Banking Center-Albany.
Based on public records. Inadvertent errors are possible.
bankencyclopedia.com does not guarantee the accuracy or timeliness of any information on this site. Use at your own risk.