FDIC Certificate #: 9533 Status: Inactive Closing history: Merger - Without Assistance Acquiring institution:Dairyland State Bank (#13022) Federal Reserve ID: 639053 Date Established: May 14, 1914 Bank Charter Class: Commercial bank, state charter and Fed nonmember, supervised by the FDIC Offices: 5 (Interstate: No) FDIC's unique #: 6129 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: April 14, 2008 Last Structure Change Process Date: June 11, 2008 Last Data Update: June 11, 2008 Data Source Date: April 05, 2012
Location
Address: Main Street, Gilman, WI 54433 County: Taylor 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: $52.4 mil
1992 - 1999 Historical total assets, liabilities and capital ($ 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, 2007)
Dollar figures in thousands
27Total employees (full-time equivalent)
$51,012Total assets
$9,536Cash and due from depository institutions
$8,311Interest-bearing balances
$7,978Securities
$1,812Federal funds sold & reverse repurchase agreements
$28,446Net loans & leases
$773Loan loss allowance
$0Trading account assets
$1,052Bank premises and fixed assets
$280Other real estate owned
$347Goodwill and other intangibles
$620Life insurance assets
$1,561All other assets
$51,012Total liabilities and capital
$45,245Total liabilities
$40,120Total deposits
$35,490Interest-bearing deposits
$40,120Deposits held in domestic offices
0.00%% insured (estimated)
$0Federal funds purchased & repurchase agreements
$0Trading liabilities
$5,000Other borrowed funds
$0Subordinated debt
$125All other liabilities
$5,767Total equity capital
$5,767Total bank equity capital
$5,767Perpetual preferred stock
$0Common stock
$120Surplus
$3,130Undivided profits
Memoranda
$2,517Noncurrent loans and leases
$3,634Noncurrent loans that are wholly or partially guaranteed by the U.S. government
$0Income earned, not collected on loans
$835Earning assets
$0Long-term assets (5+ years)
$233Average Assets, year-to-date
$46,547Average Assets, quarterly
$5,134Volatile liabilities
$53,158Insider loans
$51,804FHLB advances
$3,886Loans and leases held for sale
$707Unused loan commitments
$5,000Tier 1 (core) risk-based capital
$0Tier 2 risk-based capital
$0Total risk weighted assets
$3,634Total unused commitments
$0Restructured Loans and leases
$408Derivatives
Income and Expense (December 31, 2007)
Dollar figures in thousands
$3,479Total interest income
$1,406Total interest expense
$2,073Net interest income
$140Provision for loan and lease losses
$276Total noninterest income
$0Fiduciary activities
$214Service charges on deposit accounts
$0Trading account gains & fees
$62Additional noninterest income
$2,023Total noninterest expense
$1,050Salaries and employee benefits
$376Premises and equipment expense
$597Additional noninterest expense
$186Pre-tax net operating income
$0Securities gains (losses)
-$64Applicable income taxes
$250Income before extraordinary items
$0Extraordinary gains - net
$250Net income attributable to bank
$0Net charge-offs
$0Cash dividends
$536Sale, conversion, retirement of capital stock, net
$0Net operating income
Performance and Condition Ratios (December 31, 2007)
Dollar figures in thousands
Performance Ratios (%, annualized)
7.15%Yield on earning assets
2.89%Cost of funding earning assets
4.26%Net interest margin
0.57%Noninterest income to earning assets
4.16%Noninterest expense to earning assets
0.47%Net operating income to assets
0.47%Return on assets (ROA)
0.35%Pretax return on assets
4.45%Return on equity (ROE)
4.45%Retained earnings to average equity (YTD only)
1.58%Net charge-offs to loans
26.12%Credit loss provision to net charge-offs
0.61%Efficiency ratio
86,122Assets per employee
1.89%Cash dividends to net income (YTD only)
Condition Ratios (%)
0.00%Loss allowance to loans
2.65%Loss allowance to noncurrent loans
92.57%Noncurrent assets plus other real estate owned to assets
2.19%Noncurrent loans to loans
2.86%Net loans and leases to deposits
70.90%Net loans and leases to core deposits
78.51%Equity capital to assets
11.31%Core capital (leverage) ratio
10.62%Tier 1 risk-based capital ratio
16.79%Total risk-based capital ratio
Memoranda
$18Average assets
$53,158Average earning assets
$5,619Average equity
$48,625Average loans
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