FDIC Certificate #: 58780 Status: Active Federal Reserve ID: 3721605 Date Established: August 28, 2008 WWW:http://www.springbankwi.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 #: 467781 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: August 28, 2008 Last Structure Change Effective Date: September 28, 2008 Last Structure Change Process Date: October 02, 2008 Last Data Update: October 02, 2008 Data Source Date: April 05, 2012
Location
Address: 16655 West Wisconsin Avenue, Suite 100, Brookfield, WI 53005 County: Waukesha 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 Metropolitan Statistical Area (MSA): Milwaukee-Waukesha, WI (#5080) Consolidated Metropolitan Statistical Area (CMSA): Milwaukee-Racine, WI (#63) Combined Statistical Area (CSA): Milwaukee-Racine-Waukesha, WI (#376) Core Based Statistical Area (CBSA): Milwaukee-Waukesha-West Allis, WI (#33340) CBSA Metro Statistical Area: Milwaukee-Waukesha-West Allis, WI (#33340)
History of Changes
Change in Location
Change in Geographic Region/Area/Territory/Field Office
Financial Summary
Total assets: $132.9 mil Equity capital: $13.2 mil Deposits held in domestic offices: $119.4 mil Return on assets (ROA): 0.95% ($1.3 mil) Quarterly return on assets: 1.09% ($1.4 mil) Return on Equity (ROE): 9.50% ($1.2 mil) Quarterly return on equity: 10.88% ($1.4 mil) Net income: $1.2 mil Quarterly Net income: $0.4 mil Pretax return on assets: 1.44% ($1,914.4 mil) Quarterly Pretax return on assets: 1.64% ($2,180.3 mil)
2000 - 2011 Historical total assets, liabilities and capital ($ 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
16Total employees (full-time equivalent)
$132,944Total assets
$15,170Cash and due from depository institutions
$10,052Interest-bearing balances
$12,026Securities
$2,800Federal funds sold & reverse repurchase agreements
$99,558Net loans & leases
$1,778Loan loss allowance
$0Trading account assets
$59Bank premises and fixed assets
$101Other real estate owned
$0Goodwill and other intangibles
$132,944Life insurance assets
$3,230All other assets
$119,749Total liabilities and capital
$119,400Total liabilities
$111,153Total deposits
$119,400Interest-bearing deposits
$89Deposits held in domestic offices
0.00%% insured (estimated)
$0Federal funds purchased & repurchase agreements
$0Trading liabilities
$0Other borrowed funds
$349Subordinated debt
$13,195All other liabilities
$13,195Total equity capital
$13,195Total bank equity capital
$0Perpetual preferred stock
$1,260Common stock
$11,738Surplus
$197Undivided profits
Memoranda
$0Noncurrent loans and leases
$0Noncurrent loans that are wholly or partially guaranteed by the U.S. government
$2,388Income earned, not collected on loans
$0Earning assets
$396Long-term assets (5+ years)
$124,436Average Assets, year-to-date
$8,142Average Assets, quarterly
$125,006Volatile liabilities
$129,859Insider loans
$99,795FHLB advances
$130,680Loans and leases held for sale
$1,512Unused loan commitments
$1,512Tier 1 (core) risk-based capital
$13,095Tier 2 risk-based capital
$0Total risk weighted assets
$0Total unused commitments
$11,727Restructured Loans and leases
$4,293Derivatives
Income and Expense (December 31, 2011)
Dollar figures in thousands
$6,030Total interest income
$1,494Total interest expense
$4,536Net interest income
$465Provision for loan and lease losses
$118Total noninterest income
$0Fiduciary activities
$52Service charges on deposit accounts
$0Trading account gains & fees
$66Additional noninterest income
$2,388Total noninterest expense
$1,468Salaries and employee benefits
$204Premises and equipment expense
$716Additional noninterest expense
$1,801Pre-tax net operating income
$0Securities gains (losses)
$613Applicable income taxes
$1,188Income before extraordinary items
$0Extraordinary gains - net
$1,188Net income attributable to bank
$0Net charge-offs
$1,188Cash dividends
$3Sale, conversion, retirement of capital stock, net
$0Net operating income
Performance and Condition Ratios (December 31, 2011)
Dollar figures in thousands
Performance Ratios (%, annualized)
5.13%Yield on earning assets
1.27%Cost of funding earning assets
3.86%Net interest margin
0.10%Noninterest income to earning assets
2.03%Noninterest expense to earning assets
0.95%Net operating income to assets
0.95%Return on assets (ROA)
1.44%Pretax return on assets
9.50%Return on equity (ROE)
9.50%Retained earnings to average equity (YTD only)
0.00%Net charge-offs to loans
15500.00%Credit loss provision to net charge-offs
755.33%Efficiency ratio
51,311Assets per employee
8.31%Cash dividends to net income (YTD only)
Condition Ratios (%)
0.00%Loss allowance to loans
1.75%Loss allowance to noncurrent loans
74.46%Noncurrent assets plus other real estate owned to assets
1.87%Noncurrent loans to loans
2.36%Net loans and leases to deposits
83.38%Net loans and leases to core deposits
90.17%Equity capital to assets
9.93%Core capital (leverage) ratio
10.02%Tier 1 risk-based capital ratio
13.12%Total risk-based capital ratio
Memoranda
$14Average assets
$125,006Average earning assets
$12,512Average equity
$117,580Average loans
List of branches
1 Wisconsin Branch as of April 05, 2012
No
ID
Name
Address
Established
Service Type
Map
0
467781
Spring Bank
16655 West Wisconsin Avenue, Suite 100, Brookfield, WI 53005
August 28, 2008
Full Service Brick and Mortar
Comment about this bank, ask questions, or add new information about it:
This web site is not associated with, endorsed by, or sponsored by and has no official or unofficial affiliation with Spring Bank.
Based on public records. Inadvertent errors are possible. bankencyclopedia.com does not guarantee the accuracy or timeliness of any information on this site. Use at your own risk.
Comment about this bank, ask questions, or add new information about it: