FDIC Certificate #: 15116 Status: Active Federal Reserve ID: 49643 Bank Holding Company (Regulatory Top Holder): Whitewater Bancorp., Inc. (RSSDID: 1203536, Location: Whitewater, WI) Date Established: October 21, 1911 WWW:http://www.palmyrastatebank.com Trust Powers Granted: No Bank Charter Class: Commercial bank, state charter and Fed nonmember, supervised by the FDIC Offices: 1 (Domestic: 1, Interstate: No) FDIC's unique #: 9490 Numeric code: 21 Regulator: FDIC Insurance Fund Membership: Deposit Insurance Fund (DIF) Insured commercial Banks: Yes FDIC Insured: Yes Deposit Insurance Fund member: Yes Ownership Type: Non-Stock FFIEC Call Report 31 Filer: No State Chartered: Yes Subchapter S Corporations: No Asset Concentration Hierarchy: All Other Specialization < 1 Billion Date of Deposit Insurance: January 05, 1934 Last Structure Change Effective Date: March 31, 2006 Last Structure Change Process Date: November 03, 2006 Last Data Update: November 03, 2006 Data Source Date: April 05, 2012
Location
Address: 111 East Main Street, Palmyra, WI 53156 County: Jefferson 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 Core Based Statistical Area (CBSA): Watertown-Fort Atkinson, WI (#48020) CBSA Micro Statistical Area: Yes
History of Changes
Merge BIF and SAIF Funds into DIF
Financial Summary
Total assets: $39.8 mil Equity capital: $6.9 mil Deposits held in domestic offices: $32.8 mil Return on assets (ROA): 0.78% ($0.3 mil) Quarterly return on assets: 1.12% ($0.4 mil) Return on Equity (ROE): 4.49% ($0.3 mil) Quarterly return on equity: 6.35% ($0.4 mil) Net income: $0.3 mil Quarterly Net income: $0.1 mil Pretax return on assets: 0.95% ($378.4 mil) Quarterly Pretax return on assets: 1.20% ($478.0 mil)
1992 - 1999 Historical total assets, liabilities and capital ($ 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, 2011)
Dollar figures in thousands
10Total employees (full-time equivalent)
$39,835Total assets
$1,875Cash and due from depository institutions
$44Interest-bearing balances
$14,213Securities
$5,096Federal funds sold & reverse repurchase agreements
$16,733Net loans & leases
$214Loan loss allowance
$0Trading account assets
$407Bank premises and fixed assets
$0Other real estate owned
$0Goodwill and other intangibles
$39,835Life insurance assets
$1,511All other assets
$32,977Total liabilities and capital
$32,790Total liabilities
$27,541Total deposits
$32,790Interest-bearing deposits
$92Deposits held in domestic offices
0.00%% insured (estimated)
$0Federal funds purchased & repurchase agreements
$0Trading liabilities
$0Other borrowed funds
$187Subordinated debt
$6,858All other liabilities
$6,858Total equity capital
$6,858Total bank equity capital
$0Perpetual preferred stock
$90Common stock
$910Surplus
$5,858Undivided profits
Memoranda
$0Noncurrent loans and leases
$0Noncurrent loans that are wholly or partially guaranteed by the U.S. government
$0Income earned, not collected on loans
$0Earning assets
$184Long-term assets (5+ years)
$36,086Average Assets, year-to-date
$1,985Average Assets, quarterly
$38,932Volatile liabilities
$38,971Insider loans
$22,279FHLB advances
$38,230Loans and leases held for sale
$707Unused loan commitments
$707Tier 1 (core) risk-based capital
$6,858Tier 2 risk-based capital
$0Total risk weighted assets
$0Total unused commitments
$401Restructured Loans and leases
$671Derivatives
Income and Expense (December 31, 2011)
Dollar figures in thousands
$1,314Total interest income
$230Total interest expense
$1,084Net interest income
$0Provision for loan and lease losses
$169Total noninterest income
$0Fiduciary activities
$72Service charges on deposit accounts
$0Trading account gains & fees
$97Additional noninterest income
$882Total noninterest expense
$503Salaries and employee benefits
$116Premises and equipment expense
$263Additional noninterest expense
$371Pre-tax net operating income
$0Securities gains (losses)
$66Applicable income taxes
$305Income before extraordinary items
$0Extraordinary gains - net
$305Net income attributable to bank
$0Net charge-offs
$305Cash dividends
$1Sale, conversion, retirement of capital stock, net
$120Net operating income
Performance and Condition Ratios (December 31, 2011)
Dollar figures in thousands
Performance Ratios (%, annualized)
3.64%Yield on earning assets
0.64%Cost of funding earning assets
3.00%Net interest margin
0.47%Noninterest income to earning assets
2.44%Noninterest expense to earning assets
0.78%Net operating income to assets
0.78%Return on assets (ROA)
0.95%Pretax return on assets
4.49%Return on equity (ROE)
2.72%Retained earnings to average equity (YTD only)
0.01%Net charge-offs to loans
0.00%Credit loss provision to net charge-offs
371.00%Efficiency ratio
70,391Assets per employee
3.98%Cash dividends to net income (YTD only)
Condition Ratios (%)
39.34%Loss allowance to loans
1.26%Loss allowance to noncurrent loans
0.00%Noncurrent assets plus other real estate owned to assets
0.00%Noncurrent loans to loans
0.00%Net loans and leases to deposits
51.03%Net loans and leases to core deposits
52.64%Equity capital to assets
17.22%Core capital (leverage) ratio
17.94%Tier 1 risk-based capital ratio
30.78%Total risk-based capital ratio
Memoranda
$32Average assets
$38,932Average earning assets
$6,796Average equity
$36,107Average loans
List of branches
1 Wisconsin Branch as of April 05, 2012
No
ID
Name
Address
Established
Service Type
Map
0
9490
Palmyra State Bank
111 East Main Street, Palmyra, WI 53156
October 21, 1911
Full Service Brick and Mortar
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