FDIC Certificate #: 12779 Status: Inactive Closing history: Merger - Without Assistance Acquiring institution:Forward Financial Bank SSB (#28530) Federal Reserve ID: 91147 Date Established: October 15, 1902 Bank Charter Class: Commercial bank, state charter and Fed nonmember, supervised by the FDIC Offices: 4 (Interstate: No) OTS Docket #: 9546 FDIC's unique #: 8092 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: December 06, 2008 Last Structure Change Process Date: December 22, 2008 Last Data Update: December 22, 2008 Data Source Date: April 05, 2012
Location
Address: 410 Division Street, Withee, WI 54498 County: Clark 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: $63.4 mil
1992 - 1999 Historical total assets, liabilities and capital ($ 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
33Total employees (full-time equivalent)
$66,227Total assets
$3,255Cash and due from depository institutions
$1,363Interest-bearing balances
$11,477Securities
$7,206Federal funds sold & reverse repurchase agreements
$42,521Net loans & leases
$633Loan loss allowance
$0Trading account assets
$790Bank premises and fixed assets
$0Other real estate owned
$335Goodwill and other intangibles
$0Life insurance assets
$643All other assets
$66,227Total liabilities and capital
$59,321Total liabilities
$58,944Total deposits
$46,015Interest-bearing deposits
$58,944Deposits held in domestic offices
0.00%% insured (estimated)
$0Federal funds purchased & repurchase agreements
$0Trading liabilities
$140Other borrowed funds
$0Subordinated debt
$237All other liabilities
$6,906Total equity capital
$6,906Total bank equity capital
$6,906Perpetual preferred stock
$0Common stock
$684Surplus
$1,416Undivided profits
Memoranda
$4,806Noncurrent loans and leases
$8,252Noncurrent loans that are wholly or partially guaranteed by the U.S. government
$0Income earned, not collected on loans
$260Earning assets
$0Long-term assets (5+ years)
$300Average Assets, year-to-date
$62,567Average Assets, quarterly
$4,552Volatile liabilities
$62,271Insider loans
$64,478FHLB advances
$7,877Loans and leases held for sale
$639Unused loan commitments
$95Tier 1 (core) risk-based capital
$0Tier 2 risk-based capital
$0Total risk weighted assets
$8,252Total unused commitments
$0Restructured Loans and leases
$526Derivatives
Income and Expense (December 31, 2007)
Dollar figures in thousands
$3,791Total interest income
$1,431Total interest expense
$2,360Net interest income
$24Provision for loan and lease losses
$569Total noninterest income
$0Fiduciary activities
$181Service charges on deposit accounts
$0Trading account gains & fees
$388Additional noninterest income
$2,034Total noninterest expense
$1,314Salaries and employee benefits
$306Premises and equipment expense
$414Additional noninterest expense
$871Pre-tax net operating income
$0Securities gains (losses)
$298Applicable income taxes
$573Income before extraordinary items
$0Extraordinary gains - net
$573Net income attributable to bank
$0Net charge-offs
$0Cash dividends
-$2Sale, conversion, retirement of capital stock, net
$525Net operating income
Performance and Condition Ratios (December 31, 2007)
Dollar figures in thousands
Performance Ratios (%, annualized)
6.46%Yield on earning assets
2.44%Cost of funding earning assets
4.02%Net interest margin
0.97%Noninterest income to earning assets
3.47%Noninterest expense to earning assets
0.92%Net operating income to assets
0.92%Return on assets (ROA)
1.40%Pretax return on assets
8.27%Return on equity (ROE)
0.69%Retained earnings to average equity (YTD only)
-0.00%Net charge-offs to loans
-1200.00%Credit loss provision to net charge-offs
0.00%Efficiency ratio
69,443Assets per employee
2.01%Cash dividends to net income (YTD only)
Condition Ratios (%)
91.62%Loss allowance to loans
1.47%Loss allowance to noncurrent loans
243.46%Noncurrent assets plus other real estate owned to assets
0.39%Noncurrent loans to loans
0.60%Net loans and leases to deposits
72.14%Net loans and leases to core deposits
83.04%Equity capital to assets
10.43%Core capital (leverage) ratio
10.25%Tier 1 risk-based capital ratio
15.60%Total risk-based capital ratio
Memoranda
$17Average assets
$62,271Average earning assets
$6,926Average equity
$58,645Average loans
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