FDIC Certificate #: 15115 Status: Inactive Closing history: Consolidated - Without Assistance Acquiring institution:Wells Fargo Bank Wisconsin, National Association (#18694) Federal Reserve ID: 40453 Date Established: January 01, 1890 Bank Charter Class: Commercial bank, state charter and Fed nonmember, supervised by the FDIC Offices: 7 (Interstate: No) OTS Docket #: 12739 FDIC's unique #: 9489 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 29, 1935 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: 198 North Lake Avenue, Phillips, WI 54555 County: Price Quarterly Banking Profile Region: Chicago FDIC Geographic Region: Chicago FDIC Supervisory Region: San Francisco FDIC Field Office: Eau Claire Office of the Comptroller the Currency (OCC) District: Central Office of Thrift Supervision Region: Central
Financial Summary
Total assets: $94.4 mil
1992 - 1999 Historical total assets, liabilities and capital ($ mil)
Historical Total Incomes ($ mil)
Historical Total Expenses ($ mil)
Assets and Liabilities (December 31, 1997)
Dollar figures in thousands
44Total employees (full-time equivalent)
$100,841Total assets
$5,668Cash and due from depository institutions
$18Interest-bearing balances
$10,137Securities
$6,670Federal funds sold & reverse repurchase agreements
$76,584Net loans & leases
$797Loan loss allowance
$0Trading account assets
$1,070Bank premises and fixed assets
$5Other real estate owned
$50Goodwill and other intangibles
$0Life insurance assets
$657All other assets
$100,841Total liabilities and capital
$93,109Total liabilities
$92,130Total deposits
$78,044Interest-bearing deposits
$92,130Deposits held in domestic offices
0.00%% insured (estimated)
$0Federal funds purchased & repurchase agreements
$0Trading liabilities
$0Other borrowed funds
$0Subordinated debt
$979All other liabilities
$7,732Total equity capital
$7,732Total bank equity capital
$7,732Perpetual preferred stock
$0Common stock
$429Surplus
$5,571Undivided profits
Memoranda
$1,732Noncurrent loans and leases
$0Noncurrent loans that are wholly or partially guaranteed by the U.S. government
$0Income earned, not collected on loans
$232Earning assets
$0Long-term assets (5+ years)
$494Average Assets, year-to-date
$93,409Average Assets, quarterly
$6,574Volatile liabilities
$99,465Insider loans
$99,581FHLB advances
$8,582Loans and leases held for sale
$236Unused loan commitments
$0Tier 1 (core) risk-based capital
$0Tier 2 risk-based capital
$0Total risk weighted assets
$12,152Total unused commitments
$0Restructured Loans and leases
$74,089Derivatives
Income and Expense (December 31, 1997)
Dollar figures in thousands
$7,711Total interest income
$3,255Total interest expense
$4,456Net interest income
$113Provision for loan and lease losses
$404Total noninterest income
$0Fiduciary activities
$300Service charges on deposit accounts
$0Trading account gains & fees
$104Additional noninterest income
$2,682Total noninterest expense
$996Salaries and employee benefits
$348Premises and equipment expense
$1,338Additional noninterest expense
$2,065Pre-tax net operating income
$0Securities gains (losses)
$206Applicable income taxes
$1,859Income before extraordinary items
$0Extraordinary gains - net
$1,859Net income attributable to bank
$0Net charge-offs
$0Cash dividends
$26Sale, conversion, retirement of capital stock, net
$2,258Net operating income
Performance and Condition Ratios (December 31, 1997)
Dollar figures in thousands
Performance Ratios (%, annualized)
8.25%Yield on earning assets
3.48%Cost of funding earning assets
4.77%Net interest margin
0.43%Noninterest income to earning assets
2.87%Noninterest expense to earning assets
1.87%Net operating income to assets
1.87%Return on assets (ROA)
2.08%Pretax return on assets
25.11%Return on equity (ROE)
-5.39%Retained earnings to average equity (YTD only)
0.04%Net charge-offs to loans
434.62%Credit loss provision to net charge-offs
83.77%Efficiency ratio
55,062Assets per employee
2.29%Cash dividends to net income (YTD only)
Condition Ratios (%)
121.46%Loss allowance to loans
1.03%Loss allowance to noncurrent loans
343.53%Noncurrent assets plus other real estate owned to assets
0.24%Noncurrent loans to loans
0.30%Net loans and leases to deposits
83.13%Net loans and leases to core deposits
91.66%Equity capital to assets
7.67%Core capital (leverage) ratio
7.81%Tier 1 risk-based capital ratio
10.43%Total risk-based capital ratio
Memoranda
$12Average assets
$99,465Average earning assets
$7,405Average equity
$93,467Average loans
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