MidAmerica Bank in Dodgeville, Wisconsin (WI)
Overview, Financial Summary, Detailed Financial Reports, Branches

This bank is inactive as of November 07, 1998

MidAmerica Bank in Dodgeville, Wisconsin (WI)
Show street view No street view available for this location

MidAmerica Bank - Overview

General
FDIC Certificate #: 17006
Status: Inactive
Closing history: Consolidated - Without Assistance
Acquiring institution: Wells Fargo Bank Wisconsin, National Association (#18694)
Federal Reserve ID: 127345
Date Established: April 16, 1951
Bank Charter Class: Commercial bank, state charter and Fed nonmember, supervised by the FDIC
Offices: 3 (Interstate: No)
OTS Docket #: 12340
FDIC's unique #: 11078
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: April 16, 1951
Last Structure Change Effective Date: November 07, 1998
Last Structure Change Process Date: January 27, 1999
Last Data Update: January 27, 1999
Data Source Date: April 05, 2012
Location
Address: 178 North Iowa Street, Dodgeville, WI 53533
County: Iowa
Quarterly Banking Profile Region: Chicago
FDIC Geographic Region: Chicago
FDIC Supervisory Region: San Francisco
FDIC Field Office: Madison
Office of the Comptroller the Currency (OCC) District: Central
Office of Thrift Supervision Region: Central
Combined Statistical Area (CSA): Madison-Baraboo, WI (#358)
Core Based Statistical Area (CBSA): Madison, WI (#31540)
CBSA Metro Statistical Area: Madison, WI (#31540)
Financial Summary
Total assets: $85.3 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
35Total employees (full-time equivalent)
$89,245Total assets
$6,214Cash and due from depository institutions
$108Interest-bearing balances
$9,904Securities
$7,996Federal funds sold & reverse repurchase agreements
$63,518Net loans & leases
$641Loan loss allowance
$0Trading account assets
$1,077Bank premises and fixed assets
$0Other real estate owned
$0Goodwill and other intangibles
$0Life insurance assets
$536All other assets
$89,245Total liabilities and capital
$83,014Total liabilities
$79,782Total deposits
$68,169Interest-bearing deposits
$79,782Deposits held in domestic offices
0.00%% insured (estimated)
$1,328Federal funds purchased & repurchase agreements
$0Trading liabilities
$1,191Other borrowed funds
$0Subordinated debt
$713All other liabilities
$6,231Total equity capital
$6,231Total bank equity capital
$6,231Perpetual preferred stock
$0Common stock
$400Surplus
$4,600Undivided profits
Memoranda
$1,231Noncurrent loans and leases
$0Noncurrent loans that are wholly or partially guaranteed by the U.S. government
$0Income earned, not collected on loans
$246Earning assets
$2Long-term assets (5+ years)
$383Average Assets, year-to-date
$81,526Average Assets, quarterly
$5,934Volatile liabilities
$82,997Insider loans
$83,794FHLB advances
$7,466Loans and leases held for sale
$75Unused loan commitments
$0Tier 1 (core) risk-based capital
$0Tier 2 risk-based capital
$312Total risk weighted assets
$9,204Total unused commitments
$0Restructured Loans and leases
$63,060Derivatives

Income and Expense (December 31, 1997)

Dollar figures in thousands
$6,535Total interest income
$2,987Total interest expense
$3,548Net interest income
$87Provision for loan and lease losses
$493Total noninterest income
$0Fiduciary activities
$247Service charges on deposit accounts
$0Trading account gains & fees
$246Additional noninterest income
$2,255Total noninterest expense
$972Salaries and employee benefits
$388Premises and equipment expense
$895Additional noninterest expense
$1,699Pre-tax net operating income
$10Securities gains (losses)
$85Applicable income taxes
$1,624Income before extraordinary items
$0Extraordinary gains - net
$1,624Net income attributable to bank
$0Net charge-offs
$0Cash dividends
$10Sale, conversion, retirement of capital stock, net
$1,712Net operating income

Performance and Condition Ratios (December 31, 1997)

Dollar figures in thousands
Performance Ratios (%, annualized)
8.44%Yield on earning assets
3.86%Cost of funding earning assets
4.58%Net interest margin
0.64%Noninterest income to earning assets
2.91%Noninterest expense to earning assets
1.95%Net operating income to assets
1.96%Return on assets (ROA)
2.06%Pretax return on assets
27.20%Return on equity (ROE)
-1.47%Retained earnings to average equity (YTD only)
0.02%Net charge-offs to loans
870.00%Credit loss provision to net charge-offs
178.60%Efficiency ratio
55,803Assets per employee
2.55%Cash dividends to net income (YTD only)
Condition Ratios (%)
105.42%Loss allowance to loans
1.00%Loss allowance to noncurrent loans
260.57%Noncurrent assets plus other real estate owned to assets
0.28%Noncurrent loans to loans
0.38%Net loans and leases to deposits
79.61%Net loans and leases to core deposits
84.88%Equity capital to assets
6.98%Core capital (leverage) ratio
7.74%Tier 1 risk-based capital ratio
9.89%Total risk-based capital ratio
Memoranda
$11Average assets
$82,997Average earning assets
$5,972Average equity
$77,434Average 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 MidAmerica 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.