FDIC Certificate #: 1518 Status: Inactive Closing history: Merger - Without Assistance Acquiring institution:S & C Bank (#14800) Federal Reserve ID: 774954 Date Established: January 01, 1903 Bank Charter Class: Commercial bank, state charter and Fed nonmember, supervised by the FDIC Offices: 4 (Interstate: No) OTS Docket #: 12633 FDIC's unique #: 1002 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: January 01, 1934 Last Structure Change Effective Date: August 01, 2001 Last Structure Change Process Date: October 25, 2001 Last Data Update: October 25, 2001 Data Source Date: April 05, 2012
Location
Address: 101 North Broadway, Stanley, WI 54768 County: Chippewa 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): Eau Claire, WI (#2290) Combined Statistical Area (CSA): Eau Claire-Menomonie, WI (#232) Core Based Statistical Area (CBSA): Eau Claire, WI (#20740) CBSA Metro Statistical Area: Eau Claire, WI (#20740)
Financial Summary
Total assets: $79.3 mil
1992 - 1999 Historical total assets, liabilities and capital ($ mil)
Historical Total Incomes ($ mil)
Historical Total Expenses ($ mil)
Historical total employees (full-time equivalent)
Assets and Liabilities (December 31, 2000)
Dollar figures in thousands
30Total employees (full-time equivalent)
$75,149Total assets
$1,239Cash and due from depository institutions
$7Interest-bearing balances
$11,609Securities
$385Federal funds sold & reverse repurchase agreements
$59,676Net loans & leases
$1,080Loan loss allowance
$0Trading account assets
$1,670Bank premises and fixed assets
$0Other real estate owned
$0Goodwill and other intangibles
$0Life insurance assets
$570All other assets
$75,149Total liabilities and capital
$68,658Total liabilities
$63,102Total deposits
$57,397Interest-bearing deposits
$63,102Deposits held in domestic offices
0.00%% insured (estimated)
$0Federal funds purchased & repurchase agreements
$0Trading liabilities
$5,000Other borrowed funds
$0Subordinated debt
$556All other liabilities
$6,491Total equity capital
$6,491Total bank equity capital
$6,491Perpetual preferred stock
$0Common stock
$200Surplus
$2,800Undivided profits
Memoranda
$3,491Noncurrent loans and leases
$5,569Noncurrent loans that are wholly or partially guaranteed by the U.S. government
$0Income earned, not collected on loans
$217Earning assets
$59Long-term assets (5+ years)
$290Average Assets, year-to-date
$71,677Average Assets, quarterly
$7,852Volatile liabilities
$73,184Insider loans
$74,787FHLB advances
$14,909Loans and leases held for sale
$1,102Unused loan commitments
$0Tier 1 (core) risk-based capital
$0Tier 2 risk-based capital
$0Total risk weighted assets
$5,569Total unused commitments
$0Restructured Loans and leases
$631Derivatives
Income and Expense (December 31, 2000)
Dollar figures in thousands
$5,695Total interest income
$3,240Total interest expense
$2,455Net interest income
$144Provision for loan and lease losses
$297Total noninterest income
$0Fiduciary activities
$146Service charges on deposit accounts
$0Trading account gains & fees
$151Additional noninterest income
$1,872Total noninterest expense
$1,021Salaries and employee benefits
$175Premises and equipment expense
$676Additional noninterest expense
$736Pre-tax net operating income
$0Securities gains (losses)
$140Applicable income taxes
$596Income before extraordinary items
$0Extraordinary gains - net
$596Net income attributable to bank
$0Net charge-offs
$0Cash dividends
-$4Sale, conversion, retirement of capital stock, net
$1,150Net operating income
Performance and Condition Ratios (December 31, 2000)
Dollar figures in thousands
Performance Ratios (%, annualized)
8.25%Yield on earning assets
4.69%Cost of funding earning assets
3.56%Net interest margin
0.43%Noninterest income to earning assets
2.71%Noninterest expense to earning assets
0.81%Net operating income to assets
0.81%Return on assets (ROA)
1.01%Pretax return on assets
8.76%Return on equity (ROE)
-8.14%Retained earnings to average equity (YTD only)
-0.01%Net charge-offs to loans
-3600.00%Credit loss provision to net charge-offs
0.00%Efficiency ratio
68,023Assets per employee
2.50%Cash dividends to net income (YTD only)
Condition Ratios (%)
192.95%Loss allowance to loans
1.78%Loss allowance to noncurrent loans
497.70%Noncurrent assets plus other real estate owned to assets
0.29%Noncurrent loans to loans
0.36%Net loans and leases to deposits
94.57%Net loans and leases to core deposits
112.19%Equity capital to assets
8.64%Core capital (leverage) ratio
8.49%Tier 1 risk-based capital ratio
12.78%Total risk-based capital ratio
Memoranda
$14Average assets
$73,184Average earning assets
$6,805Average equity
$69,053Average loans
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