FDIC Certificate #: 57972 Status: Active Federal Reserve ID: 3359062 Bank Holding Company (Regulatory Top Holder): Generations Bancorp, Inc. (RSSDID: 3359110, Location: Pewaukee, WI) Date Established: September 20, 2005 WWW:http://www.foundationsbank.com Trust Powers Granted: No Bank Charter Class: Commercial bank, state charter and Fed nonmember, supervised by the FDIC Offices: 1 (Domestic: 1, Interstate: No) FDIC's unique #: 432831 Numeric code: 21 Regulator: FDIC 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: Yes Subchapter S Corporations: No Asset Concentration Hierarchy: Commercial Lending Specialization Date of Deposit Insurance: September 20, 2005 Last Structure Change Effective Date: October 21, 2006 Last Structure Change Process Date: October 23, 2006 Last Data Update: October 23, 2006 Data Source Date: April 05, 2012
Location
Address: N35 W23877 Highfield Court, Pewaukee, WI 53072 County: Waukesha 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): Milwaukee-Waukesha, WI (#5080) Consolidated Metropolitan Statistical Area (CMSA): Milwaukee-Racine, WI (#63) Combined Statistical Area (CSA): Milwaukee-Racine-Waukesha, WI (#376) Core Based Statistical Area (CBSA): Milwaukee-Waukesha-West Allis, WI (#33340) CBSA Metro Statistical Area: Milwaukee-Waukesha-West Allis, WI (#33340)
History of Changes
Change in Location
Financial Summary
Total assets: $160.4 mil Equity capital: $12.6 mil Deposits held in domestic offices: $143.7 mil Return on assets (ROA): -3.78% (-$6.0 mil) Quarterly return on assets: -2.26% (-$3.6 mil) Return on Equity (ROE): -45.92% (-$6.0 mil) Quarterly return on equity: -28.66% (-$3.7 mil) Net income: -$6.9 mil Quarterly Net income: -$0.9 mil Pretax return on assets: -3.77% (-$6,048.4 mil) Quarterly Pretax return on assets: -2.26% (-$3,625.8 mil)
2000 - 2011 Historical total assets, liabilities and capital ($ 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
22Total employees (full-time equivalent)
$160,435Total assets
$26,806Cash and due from depository institutions
$9,706Interest-bearing balances
$14,543Securities
$0Federal funds sold & reverse repurchase agreements
$107,608Net loans & leases
$3,521Loan loss allowance
$0Trading account assets
$731Bank premises and fixed assets
$4,592Other real estate owned
$0Goodwill and other intangibles
$160,435Life insurance assets
$6,155All other assets
$147,815Total liabilities and capital
$143,691Total liabilities
$125,291Total deposits
$143,691Interest-bearing deposits
$90Deposits held in domestic offices
0.00%% insured (estimated)
$0Federal funds purchased & repurchase agreements
$3,200Trading liabilities
$0Other borrowed funds
$924Subordinated debt
$12,620All other liabilities
$12,620Total equity capital
$12,620Total bank equity capital
$0Perpetual preferred stock
$3,000Common stock
$23,446Surplus
$-13,826Undivided profits
Memoranda
$0Noncurrent loans and leases
$0Noncurrent loans that are wholly or partially guaranteed by the U.S. government
$5,723Income earned, not collected on loans
$289Earning assets
$427Long-term assets (5+ years)
$131,857Average Assets, year-to-date
$17,904Average Assets, quarterly
$181,389Volatile liabilities
$166,019Insider loans
$111,695FHLB advances
$164,838Loans and leases held for sale
$2,261Unused loan commitments
$2,261Tier 1 (core) risk-based capital
$9,818Tier 2 risk-based capital
$0Total risk weighted assets
$0Total unused commitments
$21,196Restructured Loans and leases
$9,792Derivatives
Income and Expense (December 31, 2011)
Dollar figures in thousands
$7,328Total interest income
$3,115Total interest expense
$4,213Net interest income
$6,395Provision for loan and lease losses
$106Total noninterest income
$0Fiduciary activities
$182Service charges on deposit accounts
$0Trading account gains & fees
-$76Additional noninterest income
$4,759Total noninterest expense
$1,728Salaries and employee benefits
$588Premises and equipment expense
$2,443Additional noninterest expense
-$6,835Pre-tax net operating income
$0Securities gains (losses)
$29Applicable income taxes
-$6,864Income before extraordinary items
$0Extraordinary gains - net
-$6,864Net income attributable to bank
$0Net charge-offs
-$6,864Cash dividends
$6,564Sale, conversion, retirement of capital stock, net
$0Net operating income
Performance and Condition Ratios (December 31, 2011)
Dollar figures in thousands
Performance Ratios (%, annualized)
4.76%Yield on earning assets
2.02%Cost of funding earning assets
2.74%Net interest margin
0.07%Noninterest income to earning assets
3.09%Noninterest expense to earning assets
-3.78%Net operating income to assets
-3.78%Return on assets (ROA)
-3.77%Pretax return on assets
-45.92%Return on equity (ROE)
-45.92%Retained earnings to average equity (YTD only)
5.04%Net charge-offs to loans
97.43%Credit loss provision to net charge-offs
-0.07%Efficiency ratio
110,188Assets per employee
7.29%Cash dividends to net income (YTD only)
Condition Ratios (%)
0.00%Loss allowance to loans
3.17%Loss allowance to noncurrent loans
61.52%Noncurrent assets plus other real estate owned to assets
6.43%Noncurrent loans to loans
5.15%Net loans and leases to deposits
74.89%Net loans and leases to core deposits
96.64%Equity capital to assets
7.87%Core capital (leverage) ratio
5.96%Tier 1 risk-based capital ratio
8.79%Total risk-based capital ratio
Memoranda
$10Average assets
$181,389Average earning assets
$14,948Average equity
$153,937Average loans
List of branches
1 Wisconsin Branch as of April 05, 2012
No
ID
Name
Address
Established
Service Type
Map
0
432831
Foundations Bank
N35 W23877 Highfield Court, Pewaukee, WI 53072
September 20, 2005
Full Service Brick and Mortar
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 Foundations Bank.
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.
Comment about this bank, ask questions, or add new information about it: