FDIC Certificate #: 58651 Status: Active Federal Reserve ID: 3625664 Bank Holding Company (Regulatory Top Holder): Sb Bancorp, Inc. (RSSDID: 3625655, Location: Deforest, WI) Date Established: December 03, 2007 WWW:http://www.settlerswi.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 #: 461630 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: Commercial Lending Specialization Date of Deposit Insurance: December 03, 2007 Last Structure Change Effective Date: April 16, 2011 Last Structure Change Process Date: April 21, 2011 Last Data Update: April 21, 2011 Data Source Date: April 05, 2012
Location
Address: 4021 Meridian Drive, De Forest, WI 53532 County: Dane Quarterly Banking Profile Region: Chicago FDIC Geographic Region: Chicago FDIC Supervisory Region: Chicago FDIC Field Office: Madison Office of the Comptroller the Currency (OCC) District: Central Office of Thrift Supervision Region: Central Metropolitan Statistical Area (MSA): Madison, WI (#4720) Combined Statistical Area (CSA): Madison-Baraboo, WI (#358) Core Based Statistical Area (CBSA): Madison, WI (#31540) CBSA Metro Statistical Area: Madison, WI (#31540)
History of Changes
Change in Location
Financial Summary
Total assets: $98.8 mil Equity capital: $10.1 mil Deposits held in domestic offices: $88.3 mil Return on assets (ROA): 0.38% ($0.4 mil) Quarterly return on assets: 0.46% ($0.5 mil) Return on Equity (ROE): 3.22% ($0.3 mil) Quarterly return on equity: 4.11% ($0.4 mil) Net income: $0.3 mil Quarterly Net income: $0.1 mil Pretax return on assets: 0.68% ($671.7 mil) Quarterly Pretax return on assets: 0.78% ($770.4 mil)
2000 - 2011 Historical total assets, liabilities and capital ($ 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
11Total employees (full-time equivalent)
$98,773Total assets
$4,936Cash and due from depository institutions
$0Interest-bearing balances
$1,776Securities
$12,738Federal funds sold & reverse repurchase agreements
$77,874Net loans & leases
$1,103Loan loss allowance
$0Trading account assets
$522Bank premises and fixed assets
$0Other real estate owned
$0Goodwill and other intangibles
$98,773Life insurance assets
$927All other assets
$88,704Total liabilities and capital
$88,329Total liabilities
$78,443Total deposits
$88,329Interest-bearing deposits
$95Deposits held in domestic offices
0.00%% insured (estimated)
$0Federal funds purchased & repurchase agreements
$0Trading liabilities
$0Other borrowed funds
$375Subordinated debt
$10,069All other liabilities
$10,069Total equity capital
$10,069Total bank equity capital
$0Perpetual preferred stock
$1,000Common stock
$9,734Surplus
$-665Undivided 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
$301Long-term assets (5+ years)
$92,388Average Assets, year-to-date
$7,650Average Assets, quarterly
$83,781Volatile liabilities
$90,368Insider loans
$74,668FHLB advances
$86,395Loans and leases held for sale
$0Unused loan commitments
$0Tier 1 (core) risk-based capital
$9,543Tier 2 risk-based capital
$0Total risk weighted assets
$0Total unused commitments
$7,708Restructured Loans and leases
$4,611Derivatives
Income and Expense (December 31, 2011)
Dollar figures in thousands
$4,148Total interest income
$1,089Total interest expense
$3,059Net interest income
$219Provision for loan and lease losses
$80Total noninterest income
$0Fiduciary activities
$7Service charges on deposit accounts
$0Trading account gains & fees
$73Additional noninterest income
$2,351Total noninterest expense
$1,288Salaries and employee benefits
$385Premises and equipment expense
$678Additional noninterest expense
$569Pre-tax net operating income
$0Securities gains (losses)
$251Applicable income taxes
$318Income before extraordinary items
$0Extraordinary gains - net
$318Net income attributable to bank
$0Net charge-offs
$318Cash dividends
-$27Sale, conversion, retirement of capital stock, net
$0Net operating income
Performance and Condition Ratios (December 31, 2011)
Dollar figures in thousands
Performance Ratios (%, annualized)
5.25%Yield on earning assets
1.38%Cost of funding earning assets
3.87%Net interest margin
0.10%Noninterest income to earning assets
2.97%Noninterest expense to earning assets
0.38%Net operating income to assets
0.38%Return on assets (ROA)
0.68%Pretax return on assets
3.22%Return on equity (ROE)
3.22%Retained earnings to average equity (YTD only)
-0.04%Net charge-offs to loans
-811.11%Credit loss provision to net charge-offs
0.00%Efficiency ratio
74,896Assets per employee
8.98%Cash dividends to net income (YTD only)
Condition Ratios (%)
0.00%Loss allowance to loans
1.40%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
88.16%Net loans and leases to core deposits
149.30%Equity capital to assets
10.19%Core capital (leverage) ratio
11.05%Tier 1 risk-based capital ratio
12.78%Total risk-based capital ratio
Memoranda
$14Average assets
$83,781Average earning assets
$9,870Average equity
$79,084Average loans
List of branches
1 Wisconsin Branch as of April 05, 2012
No
ID
Name
Address
Established
Service Type
Map
0
461630
Settlers Bank
4021 Meridian Drive, De Forest, WI 53532
December 03, 2007
Full Service Brick and Mortar
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