Valley First National Bank in Rhinelander, Wisconsin (WI)
Overview, Financial Summary, Detailed Financial Reports, Branches

This bank is inactive as of October 10, 1994

Valley First National Bank in Rhinelander, Wisconsin (WI)
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Valley First National Bank - Overview

General
FDIC Certificate #: 5361
Status: Inactive
Closing history: Corrections
Acquiring institution: Associated Bank North (#12340)
Federal Reserve ID: 46754
Date Established: January 01, 1890
Bank Charter Class: Commercial bank, national (federal) charter and Fed member, supervised by the Office of the Comptroller of the Currency (OCC)
Offices: 1 (Interstate: No)
FDIC's unique #: 3617
Numeric code: 3
Regulator: OCC
Insurance Fund Membership: Bank Insurance Fund (BIF)
Bank Insurance Fund: Yes
Insured commercial Banks: Yes
FDIC Insured: Yes
State Chartered: No
Date of Deposit Insurance: January 01, 1934
Last Structure Change Effective Date: October 10, 1994
Last Structure Change Process Date: November 17, 1994
Last Data Update: November 17, 1994
Data Source Date: April 05, 2012
Location
Address: 8 West Davenport Street, Rhinelander, WI 54501
County: Oneida
Quarterly Banking Profile Region: Chicago
FDIC Geographic Region: Chicago
FDIC Supervisory Region: Chicago
FDIC Field Office: Appleton
Office of the Comptroller the Currency (OCC) District: Central
Office of Thrift Supervision Region: Central
History of Changes
Absorption - Without Assistance
Corrections
Financial Summary
Total assets: $68.8 mil

1992 - 1999 Historical total assets, liabilities and capital ($ mil)

Historical Total Incomes ($ mil)

Historical Total Expenses ($ mil)

Assets and Liabilities (December 31, 1993)

Dollar figures in thousands
0Total employees (full-time equivalent)
$54Total assets
$127,375Cash and due from depository institutions
$4,040Interest-bearing balances
$0Securities
$32,658Federal funds sold & reverse repurchase agreements
$4,135Net loans & leases
$81,999Loan loss allowance
$970Trading account assets
$0Bank premises and fixed assets
$1,968Other real estate owned
$382Goodwill and other intangibles
$1,431Life insurance assets
$762All other assets
$0Total liabilities and capital
$127,375Total liabilities
$116,898Total deposits
$115,551Interest-bearing deposits
$100,078Deposits held in domestic offices
115551.00%% insured (estimated)
$90Federal funds purchased & repurchase agreements
$373Trading liabilities
$0Other borrowed funds
$0Subordinated debt
$0All other liabilities
$974Total equity capital
$974Total bank equity capital
$10,477Perpetual preferred stock
$0Common stock
$1,983Surplus
$4,442Undivided profits
Memoranda
$4,052Noncurrent loans and leases
$0Noncurrent loans that are wholly or partially guaranteed by the U.S. government
$680Income earned, not collected on loans
$440Earning assets
$118,792Long-term assets (5+ years)
$9,104Average Assets, year-to-date
$125,150Average Assets, quarterly
$127,930Volatile liabilities
$5,591Insider loans
$927FHLB advances
$0Loans and leases held for sale
$0Unused loan commitments
$12,984Tier 1 (core) risk-based capital
$0Tier 2 risk-based capital
$9,715Total risk weighted assets
$75,491Total unused commitments
$0Restructured Loans and leases
$0Derivatives

Income and Expense (December 31, 1993)

Dollar figures in thousands
$0Total interest income
$9,100Total interest expense
$3,473Net interest income
$5,627Provision for loan and lease losses
$113Total noninterest income
$1,018Fiduciary activities
$0Service charges on deposit accounts
$418Trading account gains & fees
$0Additional noninterest income
$600Total noninterest expense
$3,807Salaries and employee benefits
$1,435Premises and equipment expense
$345Additional noninterest expense
$2,027Pre-tax net operating income
$2,725Securities gains (losses)
-$2Applicable income taxes
$694Income before extraordinary items
$2,029Extraordinary gains - net
$0Net income attributable to bank
$2,029Net charge-offs
$21Cash dividends
$1,357Sale, conversion, retirement of capital stock, net
$0Net operating income

Performance and Condition Ratios (December 31, 1993)

Dollar figures in thousands
Performance Ratios (%, annualized)
0.00%Yield on earning assets
7.79%Cost of funding earning assets
2.97%Net interest margin
4.82%Noninterest income to earning assets
0.87%Noninterest expense to earning assets
3.26%Net operating income to assets
1.62%Return on assets (ROA)
1.62%Pretax return on assets
2.18%Return on equity (ROE)
20.32%Retained earnings to average equity (YTD only)
6.73%Net charge-offs to loans
0.03%Credit loss provision to net charge-offs
538.10%Efficiency ratio
56,253Assets per employee
2.36%Cash dividends to net income (YTD only)
Condition Ratios (%)
66.88%Loss allowance to loans
1.17%Loss allowance to noncurrent loans
142.65%Noncurrent assets plus other real estate owned to assets
0.83%Noncurrent loans to loans
0.82%Net loans and leases to deposits
70.96%Net loans and leases to core deposits
74.32%Equity capital to assets
8.23%Core capital (leverage) ratio
7.61%Tier 1 risk-based capital ratio
12.87%Total risk-based capital ratio
Memoranda
$14Average assets
$125,150Average earning assets
$9,983Average equity
$116,767Average loans

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