Mid-Wisconsin Bank of Colby in Colby, Wisconsin (WI)
Overview, Financial Summary, Detailed Financial Reports, Branches

This bank is inactive as of March 25, 1994

Mid-Wisconsin Bank of Colby in Colby, Wisconsin (WI)
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Mid-Wisconsin Bank of Colby - Overview

General
FDIC Certificate #: 17774
Status: Inactive
Closing history: Merger - Without Assistance
Acquiring institution: Mid-Wisconsin Bank (#13273)
Federal Reserve ID: 50247
Date Established: June 01, 1920
Bank Charter Class: Commercial bank, state charter and Fed nonmember, supervised by the FDIC
Offices: 3 (Interstate: No)
FDIC's unique #: 11728
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: June 20, 1957
Last Structure Change Effective Date: March 25, 1994
Last Structure Change Process Date: April 28, 1994
Last Data Update: April 28, 1994
Data Source Date: April 05, 2012
Location
Address: 101 South First Street, Colby, WI 54421
County: Clark
Quarterly Banking Profile Region: Chicago
FDIC Geographic Region: Chicago
FDIC Supervisory Region: Chicago
FDIC Field Office: Eau Claire
Office of the Comptroller the Currency (OCC) District: Central
Office of Thrift Supervision Region: Central
Financial Summary
Total assets: $53.8 mil

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

Historical Total Incomes ($ mil)

Historical Total Expenses ($ mil)

Assets and Liabilities (December 31, 1993)

Dollar figures in thousands
0Total employees (full-time equivalent)
$31Total assets
$53,846Cash and due from depository institutions
$2,801Interest-bearing balances
$0Securities
$12,349Federal funds sold & reverse repurchase agreements
$762Net loans & leases
$36,448Loan loss allowance
$374Trading account assets
$0Bank premises and fixed assets
$1,020Other real estate owned
$0Goodwill and other intangibles
$466Life insurance assets
$0All other assets
$0Total liabilities and capital
$53,846Total liabilities
$49,335Total deposits
$45,579Interest-bearing deposits
$40,734Deposits held in domestic offices
45579.00%% insured (estimated)
$95Federal funds purchased & repurchase agreements
$3,168Trading liabilities
$0Other borrowed funds
$0Subordinated debt
$0All other liabilities
$588Total equity capital
$588Total bank equity capital
$4,511Perpetual preferred stock
$0Common stock
$500Surplus
$2,500Undivided profits
Memoranda
$1,511Noncurrent loans and leases
$0Noncurrent loans that are wholly or partially guaranteed by the U.S. government
$169Income earned, not collected on loans
$232Earning assets
$49,559Long-term assets (5+ years)
$5,391Average Assets, year-to-date
$54,676Average Assets, quarterly
$54,275Volatile liabilities
$6,757Insider loans
$476FHLB advances
$0Loans and leases held for sale
$0Unused loan commitments
$4,349Tier 1 (core) risk-based capital
$0Tier 2 risk-based capital
$4,511Total risk weighted assets
$41,933Total unused commitments
$0Restructured Loans and leases
$0Derivatives

Income and Expense (December 31, 1993)

Dollar figures in thousands
$0Total interest income
$4,146Total interest expense
$1,741Net interest income
$2,405Provision for loan and lease losses
$106Total noninterest income
$249Fiduciary activities
$0Service charges on deposit accounts
$153Trading account gains & fees
$0Additional noninterest income
$96Total noninterest expense
$1,685Salaries and employee benefits
$846Premises and equipment expense
$236Additional noninterest expense
$603Pre-tax net operating income
$863Securities gains (losses)
-$1Applicable income taxes
$284Income before extraordinary items
$578Extraordinary gains - net
$0Net income attributable to bank
$578Net charge-offs
$80Cash dividends
$350Sale, conversion, retirement of capital stock, net
$0Net operating income

Performance and Condition Ratios (December 31, 1993)

Dollar figures in thousands
Performance Ratios (%, annualized)
0.00%Yield on earning assets
8.24%Cost of funding earning assets
3.46%Net interest margin
4.78%Noninterest income to earning assets
0.49%Noninterest expense to earning assets
3.35%Net operating income to assets
1.06%Return on assets (ROA)
1.06%Pretax return on assets
1.58%Return on equity (ROE)
13.14%Retained earnings to average equity (YTD only)
5.18%Net charge-offs to loans
0.23%Credit loss provision to net charge-offs
132.50%Efficiency ratio
63,489Assets per employee
1.74%Cash dividends to net income (YTD only)
Condition Ratios (%)
60.55%Loss allowance to loans
1.02%Loss allowance to noncurrent loans
221.30%Noncurrent assets plus other real estate owned to assets
0.31%Noncurrent loans to loans
0.46%Net loans and leases to deposits
79.97%Net loans and leases to core deposits
86.80%Equity capital to assets
8.38%Core capital (leverage) ratio
8.30%Tier 1 risk-based capital ratio
10.76%Total risk-based capital ratio
Memoranda
$12Average assets
$54,676Average earning assets
$4,398Average equity
$50,340Average loans

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