Rural American Bank - Luck in Luck, Wisconsin (WI)
Overview, Financial Summary, Detailed Financial Reports, Branches

This bank is inactive as of March 21, 2011

Rural American Bank - Luck in Luck, Wisconsin (WI)
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Rural American Bank - Luck - Overview

General
FDIC Certificate #: 9525
Status: Inactive
Closing history: Merger - Without Assistance
Acquiring institution: Frandsen Bank & Trust (#1399)
Federal Reserve ID: 521756
Date Established: January 24, 1931
Bank Charter Class: Commercial bank, state charter and Fed nonmember, supervised by the FDIC
Offices: 2 (Interstate: No)
OTS Docket #: 14613
FDIC's unique #: 6121
Numeric code: 21
Regulator: FDIC
Insurance Fund Membership: Deposit Insurance Fund (DIF)
Insured commercial Banks: Yes
FDIC Insured: Yes
Deposit Insurance Fund member: Yes
State Chartered: Yes
Date of Deposit Insurance: January 01, 1934
Last Structure Change Effective Date: March 21, 2011
Last Structure Change Process Date: March 30, 2011
Last Data Update: March 30, 2011
Data Source Date: April 05, 2012
Location
Address: 200 Main Street South, Luck, WI 54853
County: Polk
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: $55.3 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, 2010)

Dollar figures in thousands
16Total employees (full-time equivalent)
$55,269Total assets
$1,442Cash and due from depository institutions
$466Interest-bearing balances
$17,007Securities
$100Federal funds sold & reverse repurchase agreements
$34,099Net loans & leases
$890Loan loss allowance
$0Trading account assets
$454Bank premises and fixed assets
$254Other real estate owned
$0Goodwill and other intangibles
$1,188Life insurance assets
$1,913All other assets
$55,269Total liabilities and capital
$51,127Total liabilities
$49,572Total deposits
$43,036Interest-bearing deposits
$49,572Deposits held in domestic offices
96.79%% insured (estimated)
$1,330Federal funds purchased & repurchase agreements
$0Trading liabilities
$0Other borrowed funds
$0Subordinated debt
$225All other liabilities
$4,142Total equity capital
$4,142Total bank equity capital
$4,142Perpetual preferred stock
$0Common stock
$200Surplus
$2,130Undivided profits
Memoranda
$1,812Noncurrent loans and leases
$3,589Noncurrent loans that are wholly or partially guaranteed by the U.S. government
$0Income earned, not collected on loans
$1,250Earning assets
$0Long-term assets (5+ years)
$204Average Assets, year-to-date
$51,672Average Assets, quarterly
$13,374Volatile liabilities
$55,811Insider loans
$55,595FHLB advances
$6,625Loans and leases held for sale
$136Unused loan commitments
$0Tier 1 (core) risk-based capital
$0Tier 2 risk-based capital
$0Total risk weighted assets
$3,589Total unused commitments
$52Restructured Loans and leases
$459Derivatives

Income and Expense (December 31, 2010)

Dollar figures in thousands
$2,798Total interest income
$657Total interest expense
$2,141Net interest income
$230Provision for loan and lease losses
$815Total noninterest income
$0Fiduciary activities
$295Service charges on deposit accounts
$0Trading account gains & fees
$520Additional noninterest income
$1,914Total noninterest expense
$899Salaries and employee benefits
$174Premises and equipment expense
$841Additional noninterest expense
$812Pre-tax net operating income
$3Securities gains (losses)
$1Applicable income taxes
$814Income before extraordinary items
$0Extraordinary gains - net
$814Net income attributable to bank
$0Net charge-offs
$814Cash dividends
$53Sale, conversion, retirement of capital stock, net
$770Net operating income

Performance and Condition Ratios (December 31, 2010)

Dollar figures in thousands
Performance Ratios (%, annualized)
5.39%Yield on earning assets
1.27%Cost of funding earning assets
4.12%Net interest margin
1.57%Noninterest income to earning assets
3.69%Noninterest expense to earning assets
1.45%Net operating income to assets
1.46%Return on assets (ROA)
1.46%Pretax return on assets
19.24%Return on equity (ROE)
1.04%Retained earnings to average equity (YTD only)
0.14%Net charge-offs to loans
433.96%Credit loss provision to net charge-offs
19.66%Efficiency ratio
64,750Assets per employee
3.45%Cash dividends to net income (YTD only)
Condition Ratios (%)
94.59%Loss allowance to loans
2.54%Loss allowance to noncurrent loans
71.20%Noncurrent assets plus other real estate owned to assets
2.72%Noncurrent loans to loans
3.57%Net loans and leases to deposits
68.79%Net loans and leases to core deposits
77.01%Equity capital to assets
7.49%Core capital (leverage) ratio
7.22%Tier 1 risk-based capital ratio
11.32%Total risk-based capital ratio
Memoranda
$13Average assets
$55,811Average earning assets
$4,231Average equity
$51,914Average loans

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