M&I Bank of Beloit in Beloit, Wisconsin (WI)
Overview, Financial Summary, Detailed Financial Reports, Branches

This bank is inactive as of July 01, 1997

M&I Bank of Beloit in Beloit, Wisconsin (WI)
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M&I Bank of Beloit - Overview

General
FDIC Certificate #: 19552
Status: Inactive
Closing history: Merger - Without Assistance
Acquiring institution: M&I Bank South (#6190)
Federal Reserve ID: 513247
Date Established: January 18, 1966
Bank Charter Class: Commercial bank, state charter and Fed member, supervised by the Federal Reserve (FRB)
Offices: 3 (Interstate: No)
FDIC's unique #: 13352
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 18, 1966
Last Structure Change Effective Date: July 01, 1997
Last Structure Change Process Date: July 28, 1997
Last Data Update: July 28, 1997
Data Source Date: April 05, 2012
Location
Address: 500 East Grand Avenue, Beloit, WI 53511
County: Rock
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
Metropolitan Statistical Area (MSA): Janesville-Beloit, WI (#3620)
Core Based Statistical Area (CBSA): Janesville, WI (#27500)
CBSA Metro Statistical Area: Janesville, WI (#27500)
Financial Summary
Total assets: $148.6 mil

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

Historical Total Incomes ($ mil)

Historical Total Expenses ($ mil)

Assets and Liabilities (December 31, 1996)

Dollar figures in thousands
0Total employees (full-time equivalent)
$48Total assets
$141,512Cash and due from depository institutions
$6,005Interest-bearing balances
$0Securities
$38,104Federal funds sold & reverse repurchase agreements
$500Net loans & leases
$92,461Loan loss allowance
$1,201Trading account assets
$0Bank premises and fixed assets
$1,981Other real estate owned
$218Goodwill and other intangibles
$2,243Life insurance assets
$0All other assets
$0Total liabilities and capital
$141,512Total liabilities
$131,737Total deposits
$115,190Interest-bearing deposits
$97,665Deposits held in domestic offices
115190.00%% insured (estimated)
$89Federal funds purchased & repurchase agreements
$14,582Trading liabilities
$0Other borrowed funds
$0Subordinated debt
$0All other liabilities
$1,965Total equity capital
$1,965Total bank equity capital
$9,775Perpetual preferred stock
$0Common stock
$1,884Surplus
$7,371Undivided profits
Memoranda
$520Noncurrent loans and leases
$0Noncurrent loans that are wholly or partially guaranteed by the U.S. government
$728Income earned, not collected on loans
$1,187Earning assets
$131,065Long-term assets (5+ years)
$15,843Average Assets, year-to-date
$140,420Average Assets, quarterly
$140,849Volatile liabilities
$22,539Insider loans
$1,632FHLB advances
$0Loans and leases held for sale
$0Unused loan commitments
$36,043Tier 1 (core) risk-based capital
$0Tier 2 risk-based capital
$9,541Total risk weighted assets
$97,530Total unused commitments
$0Restructured Loans and leases
$0Derivatives

Income and Expense (December 31, 1996)

Dollar figures in thousands
$0Total interest income
$10,116Total interest expense
$4,568Net interest income
$5,548Provision for loan and lease losses
$144Total noninterest income
$1,093Fiduciary activities
$0Service charges on deposit accounts
$478Trading account gains & fees
$0Additional noninterest income
$615Total noninterest expense
$4,915Salaries and employee benefits
$1,644Premises and equipment expense
$925Additional noninterest expense
$2,346Pre-tax net operating income
$1,582Securities gains (losses)
-$83Applicable income taxes
$436Income before extraordinary items
$1,063Extraordinary gains - net
$0Net income attributable to bank
$1,063Net charge-offs
$30Cash dividends
$3,725Sale, conversion, retirement of capital stock, net
$0Net operating income

Performance and Condition Ratios (December 31, 1996)

Dollar figures in thousands
Performance Ratios (%, annualized)
0.00%Yield on earning assets
7.78%Cost of funding earning assets
3.51%Net interest margin
4.27%Noninterest income to earning assets
0.84%Noninterest expense to earning assets
3.78%Net operating income to assets
0.80%Return on assets (ROA)
0.76%Pretax return on assets
1.07%Return on equity (ROE)
9.78%Retained earnings to average equity (YTD only)
-24.48%Net charge-offs to loans
0.03%Credit loss provision to net charge-offs
480.00%Efficiency ratio
73,920Assets per employee
2.95%Cash dividends to net income (YTD only)
Condition Ratios (%)
350.42%Loss allowance to loans
1.28%Loss allowance to noncurrent loans
164.97%Noncurrent assets plus other real estate owned to assets
0.67%Noncurrent loans to loans
0.78%Net loans and leases to deposits
80.27%Net loans and leases to core deposits
86.22%Equity capital to assets
6.91%Core capital (leverage) ratio
6.91%Tier 1 risk-based capital ratio
9.78%Total risk-based capital ratio
Memoranda
$11Average assets
$140,420Average earning assets
$10,874Average equity
$129,991Average loans

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