FDIC Certificate #: 16840 Status: Active Federal Reserve ID: 955753 Bank Holding Company (Regulatory Top Holder): River Falls Bancshares, Inc. (RSSDID: 2519805, Location: River Falls, WI) Date Established: October 03, 1949 WWW:http://www.rfstatebank.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 #: 10939 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: Yes Asset Concentration Hierarchy: All Other Specialization < 1 Billion Date of Deposit Insurance: October 03, 1949 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: 124 South Second Street, River Falls, WI 54022 County: Pierce 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 Metropolitan Statistical Area (MSA): Minneapolis-St. Paul, MN-WI (#5120) Combined Statistical Area (CSA): Minneapolis-St. Paul-St. Cloud, MN-WI (#378) Core Based Statistical Area (CBSA): Minneapolis-St. Paul-Bloomington, MN-WI (#33460) CBSA Metro Statistical Area: Minneapolis-St. Paul-Bloomington, MN-WI (#33460)
History of Changes
Merge BIF and SAIF Funds into DIF
Financial Summary
Total assets: $81.9 mil Equity capital: $13.3 mil Deposits held in domestic offices: $68.4 mil Return on assets (ROA): 0.86% ($0.7 mil) Quarterly return on assets: 1.37% ($1.1 mil) Return on Equity (ROE): 5.37% ($0.7 mil) Quarterly return on equity: 8.39% ($1.1 mil) Net income: $0.7 mil Quarterly Net income: $0.3 mil Pretax return on assets: 0.88% ($720.5 mil) Quarterly Pretax return on assets: 1.40% ($1,146.2 mil)
1992 - 1999 Historical total assets, liabilities and capital ($ 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
25Total employees (full-time equivalent)
$81,873Total assets
$5,833Cash and due from depository institutions
$4,205Interest-bearing balances
$27,970Securities
$2,883Federal funds sold & reverse repurchase agreements
$40,055Net loans & leases
$797Loan loss allowance
$0Trading account assets
$892Bank premises and fixed assets
$138Other real estate owned
$0Goodwill and other intangibles
$81,873Life insurance assets
$4,102All other assets
$68,563Total liabilities and capital
$68,439Total liabilities
$58,915Total deposits
$68,439Interest-bearing deposits
$94Deposits held in domestic offices
0.00%% insured (estimated)
$0Federal funds purchased & repurchase agreements
$0Trading liabilities
$0Other borrowed funds
$124Subordinated debt
$13,310All other liabilities
$13,310Total equity capital
$13,310Total bank equity capital
$0Perpetual preferred stock
$520Common stock
$3,600Surplus
$9,190Undivided profits
Memoranda
$0Noncurrent loans and leases
$0Noncurrent loans that are wholly or partially guaranteed by the U.S. government
$969Income earned, not collected on loans
$0Earning assets
$255Long-term assets (5+ years)
$75,113Average Assets, year-to-date
$9,429Average Assets, quarterly
$82,320Volatile liabilities
$81,185Insider loans
$44,633FHLB advances
$81,926Loans and leases held for sale
$3,590Unused loan commitments
$2,800Tier 1 (core) risk-based capital
$12,979Tier 2 risk-based capital
$0Total risk weighted assets
$790Total unused commitments
$1,911Restructured Loans and leases
$1,743Derivatives
Income and Expense (December 31, 2011)
Dollar figures in thousands
$3,043Total interest income
$420Total interest expense
$2,623Net interest income
$43Provision for loan and lease losses
$560Total noninterest income
$0Fiduciary activities
$163Service charges on deposit accounts
$0Trading account gains & fees
$397Additional noninterest income
$2,416Total noninterest expense
$1,536Salaries and employee benefits
$238Premises and equipment expense
$642Additional noninterest expense
$724Pre-tax net operating income
$0Securities gains (losses)
$19Applicable income taxes
$705Income before extraordinary items
$0Extraordinary gains - net
$705Net income attributable to bank
$0Net charge-offs
$705Cash dividends
$2Sale, conversion, retirement of capital stock, net
$683Net operating income
Performance and Condition Ratios (December 31, 2011)
Dollar figures in thousands
Performance Ratios (%, annualized)
4.03%Yield on earning assets
0.56%Cost of funding earning assets
3.48%Net interest margin
0.74%Noninterest income to earning assets
3.20%Noninterest expense to earning assets
0.86%Net operating income to assets
0.86%Return on assets (ROA)
0.88%Pretax return on assets
5.37%Return on equity (ROE)
0.17%Retained earnings to average equity (YTD only)
0.00%Net charge-offs to loans
2150.00%Credit loss provision to net charge-offs
383.50%Efficiency ratio
75,903Assets per employee
3.27%Cash dividends to net income (YTD only)
Condition Ratios (%)
96.88%Loss allowance to loans
1.95%Loss allowance to noncurrent loans
82.25%Noncurrent assets plus other real estate owned to assets
1.35%Noncurrent loans to loans
2.37%Net loans and leases to deposits
58.53%Net loans and leases to core deposits
60.22%Equity capital to assets
16.26%Core capital (leverage) ratio
15.84%Tier 1 risk-based capital ratio
29.08%Total risk-based capital ratio
Memoranda
$30Average assets
$82,320Average earning assets
$13,125Average equity
$75,472Average loans
List of branches
1 Wisconsin Branch as of April 05, 2012
No
ID
Name
Address
Established
Service Type
Map
0
10939
River Falls State Bank
124 South Second Street, River Falls, WI 54022
October 03, 1949
Full Service Brick and Mortar
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