FDIC Certificate #: 34818 Status: Inactive Closing history: Absorption - Assisted Acquiring institution:Seaway Bank and Trust Company (#19328) Federal Reserve ID: 2727990 Date Established: July 29, 1999 Bank Charter Class: Commercial bank, state charter and Fed member, supervised by the Federal Reserve (FRB) Offices: 1 (Interstate: No) FDIC's unique #: 61729 Numeric code: 13 Regulator: FED 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: July 29, 1999 Last Structure Change Effective Date: March 11, 2011 Last Structure Change Process Date: March 14, 2011 Last Data Update: March 14, 2011 Data Source Date: April 05, 2012
Location
Address: 2102 West Fond Du Lac, Milwaukee, WI 53206 County: Milwaukee 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)
Financial Summary
Total assets: $190.4 mil
2000 - 2011 Historical total assets, liabilities and capital ($ mil)
Historical Total Incomes ($ mil)
Historical Total Expenses ($ mil)
Historical total employees (full-time equivalent)
Assets and Liabilities (December 31, 2010)
Dollar figures in thousands
37Total employees (full-time equivalent)
$190,418Total assets
$15,272Cash and due from depository institutions
$13,245Interest-bearing balances
$19,533Securities
$4,164Federal funds sold & reverse repurchase agreements
$137,444Net loans & leases
$20,452Loan loss allowance
$0Trading account assets
$2,620Bank premises and fixed assets
$4,661Other real estate owned
$0Goodwill and other intangibles
$0Life insurance assets
$6,724All other assets
$190,418Total liabilities and capital
$187,991Total liabilities
$183,309Total deposits
$171,973Interest-bearing deposits
$183,309Deposits held in domestic offices
95.62%% insured (estimated)
$0Federal funds purchased & repurchase agreements
$0Trading liabilities
$4,000Other borrowed funds
$0Subordinated debt
$682All other liabilities
$2,427Total equity capital
$2,427Total bank equity capital
$2,427Perpetual preferred stock
$0Common stock
$1,000Surplus
$20,626Undivided profits
Memoranda
$-19,199Noncurrent loans and leases
$8,195Noncurrent loans that are wholly or partially guaranteed by the U.S. government
$0Income earned, not collected on loans
$40,760Earning assets
$1,907Long-term assets (5+ years)
$758Average Assets, year-to-date
$174,386Average Assets, quarterly
$17,776Volatile liabilities
$214,628Insider loans
$197,907FHLB advances
$52,683Loans and leases held for sale
$1,011Unused loan commitments
$4,000Tier 1 (core) risk-based capital
$0Tier 2 risk-based capital
$0Total risk weighted assets
$8,195Total unused commitments
$4,951Restructured Loans and leases
$1,297Derivatives
Income and Expense (December 31, 2010)
Dollar figures in thousands
$10,902Total interest income
$4,156Total interest expense
$6,746Net interest income
$8,207Provision for loan and lease losses
$949Total noninterest income
$0Fiduciary activities
$340Service charges on deposit accounts
$0Trading account gains & fees
$609Additional noninterest income
$9,081Total noninterest expense
$2,930Salaries and employee benefits
$404Premises and equipment expense
$5,747Additional noninterest expense
-$9,593Pre-tax net operating income
$312Securities gains (losses)
$0Applicable income taxes
-$9,281Income before extraordinary items
$0Extraordinary gains - net
-$9,281Net income attributable to bank
$0Net charge-offs
-$9,281Cash dividends
$1,605Sale, conversion, retirement of capital stock, net
$0Net operating income
Performance and Condition Ratios (December 31, 2010)
Dollar figures in thousands
Performance Ratios (%, annualized)
5.58%Yield on earning assets
2.13%Cost of funding earning assets
3.45%Net interest margin
0.49%Noninterest income to earning assets
4.65%Noninterest expense to earning assets
-4.47%Net operating income to assets
-4.32%Return on assets (ROA)
-4.32%Pretax return on assets
-126.55%Return on equity (ROE)
-126.55%Retained earnings to average equity (YTD only)
0.97%Net charge-offs to loans
511.34%Credit loss provision to net charge-offs
-0.86%Efficiency ratio
118,012Assets per employee
5.15%Cash dividends to net income (YTD only)
Condition Ratios (%)
0.00%Loss allowance to loans
12.95%Loss allowance to noncurrent loans
50.18%Noncurrent assets plus other real estate owned to assets
23.85%Noncurrent loans to loans
25.81%Net loans and leases to deposits
74.98%Net loans and leases to core deposits
105.22%Equity capital to assets
1.27%Core capital (leverage) ratio
0.65%Tier 1 risk-based capital ratio
0.87%Total risk-based capital ratio
Memoranda
$2Average assets
$214,628Average earning assets
$7,334Average equity
$195,369Average loans
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