Pioneer Bank of Wisconsin in Ladysmith, Wisconsin (WI)
| Pioneer Bank of Wisconsin | |
|---|---|
| General | FDIC Certificate #: 5352 Status: Active Federal Reserve ID: 176053 Bank Holding Company (Regulatory Top Holder): Pioneer Acquisition Corp. (RSSDID: 1417445, Location: Ladysmith, WI) Date Established: July 23, 1920 WWW: http://www.pioneerbankwis.com Trust Powers Granted: No Bank Charter Class: Commercial bank, state charter and Fed nonmember, supervised by the FDIC Offices: 2 (Domestic: 2, Interstate: No) FDIC's unique #: 3612 Numeric code: 21 Regulator: FDIC Insurance Fund Membership: Deposit Insurance Fund (DIF) Insured commercial Banks: Yes FDIC Insured: Yes Deposit Insurance Fund member: Yes Agricultural lending institution: Yes Ownership Type: Non-Stock FFIEC Call Report 31 Filer: No State Chartered: Yes Subchapter S Corporations: No Asset Concentration Hierarchy: Agricultural Specialization Date of Deposit Insurance: January 01, 1934 Last Structure Change Effective Date: March 31, 2006 Last Structure Change Process Date: November 03, 2006 Last Data Update: November 03, 2006 Data Source Date: Febuary 17, 2011 |
| Location | Address: 200 Miner Avenue, Ladysmith, WI 54848 County: Rusk 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 |
| History of Changes | Merge BIF and SAIF Funds into DIF |
| Financial Summary | Total assets: $5.7 mil Equity capital: $0.6 mil Deposits held in domestic offices: $4.9 mil Return on assets (ROA): 0.55% ($0.0 mil) Quarterly return on assets: 0.81% ($0.0 mil) Return on Equity (ROE): 1.05.1937% ($0.0 mil) Quarterly return on equity: 1.07.1987% ($0.0 mil) Net income: $0.2 mil Quarterly Net income: $0.1 mil Pretax return on assets: 0.40% ($22.7 mil) Quarterly Pretax return on assets: 0.81% ($45.9 mil) |
| Assets and Liabilities (December 31, 2010) (Dollar figures in thousands) | |
| Total employees (full-time equivalent) | 15 |
| Total assets | $58,544 |
| Cash and due from depository institutions | $4,226 |
| Interest-bearing balances | $494 |
| Securities | $32,785 |
| Federal funds sold & reverse repurchase agreements | $1,720 |
| Net loans & leases | $18,442 |
| Loan loss allowance | $223 |
| Trading account assets | $0 |
| Bank premises and fixed assets | $229 |
| Other real estate owned | $204 |
| Goodwill and other intangibles | $0 |
| All other assets | $938 |
| Life insurance assets | $0 |
| Total liabilities and capital | $58,544 |
| Total liabilities | $53,300 |
| Total deposits | $51,812 |
| Interest-bearing deposits | $34,283 |
| Deposits held in domestic offices | $51,812 |
| % insured (estimated) | 98.03% |
| Federal funds purchased & repurchase agreements | $1,270 |
| Trading liabilities | $0 |
| Other borrowed funds | $0 |
| Subordinated debt | $0 |
| All other liabilities | $218 |
| Total equity capital | $5,244 |
| Total bank equity capital | $5,244 |
| Perpetual preferred stock | $5,244 |
| Common stock | $0 |
| Surplus | $200 |
| Undivided profits | $500 |
| Memoranda | |
| Noncurrent loans and leases | $4,544 |
| Noncurrent loans that are wholly or partially guaranteed by the U.S. government | $1,923 |
| Income earned, not collected on loans | $0 |
| Earning assets | $1,104 |
| Long-term assets (5+ years) | $579 |
| Average Assets, year-to-date | $347 |
| Average Assets, quarterly | $53,441 |
| Volatile liabilities | $21,705 |
| Insider loans | $56,964 |
| FHLB advances | $57,631 |
| Loans and leases held for sale | $5,792 |
| Unused loan commitments | $440 |
| Tier 1 (core) risk-based capital | $0 |
| Tier 2 risk-based capital | $0 |
| Total risk weighted assets | $28 |
| Total unused commitments | $1,923 |
| Restructured Loans and leases | $0 |
| Derivatives | $223 |
| Income and Expense (December 31, 2010) (Dollar figures in thousands) | |
| Total interest income | $2,313 |
| Total interest expense | $620 |
| Net interest income | $1,693 |
| Provision for loan and lease losses | $91 |
| Total noninterest income | $82 |
| Fiduciary activities | $0 |
| Service charges on deposit accounts | $79 |
| Trading account gains & fees | $0 |
| Additional noninterest income | $3 |
| Total noninterest expense | $1,429 |
| Salaries and employee benefits | $718 |
| Premises and equipment expense | $140 |
| Additional noninterest expense | $571 |
| Pre-tax net operating income | $255 |
| Securities gains (losses) | -$112 |
| Applicable income taxes | -$51 |
| Income before extraordinary items | $194 |
| Extraordinary gains - net | $0 |
| Net income attributable to bank | $194 |
| Net charge-offs | $0 |
| Cash dividends | $194 |
| Sale, conversion, retirement of capital stock, net | $336 |
| Net operating income | $500 |
| Performance and Condition Ratios (December 31, 2010) (Dollar figures in thousands) | |
| Performance Ratios (%, annualized) | |
| Yield on earning assets | 4.38% |
| Cost of funding earning assets | 1.17% |
| Net interest margin | 3.20% |
| Noninterest income to earning assets | 0.16% |
| Noninterest expense to earning assets | 2.70% |
| Net operating income to assets | 0.54% |
| Return on assets (ROA) | 0.34% |
| Pretax return on assets | 0.25% |
| Return on equity (ROE) | 3.36% |
| Retained earnings to average equity (YTD only) | -5.30% |
| Net charge-offs to loans | 1.89% |
| Credit loss provision to net charge-offs | 27.08% |
| Efficiency ratio | 1.03% |
| Assets per employee | $80,507 |
| Cash dividends to net income (YTD only) | 3.90% |
| Condition Ratios (%) | |
| Loss allowance to loans | 257.73% |
| Loss allowance to noncurrent loans | 1.19% |
| Noncurrent assets plus other real estate owned to assets | 20.20% |
| Noncurrent loans to loans | 2.23% |
| Net loans and leases to deposits | 5.91% |
| Net loans and leases to core deposits | 35.59% |
| Equity capital to assets | 39.00% |
| Core capital (leverage) ratio | 8.96% |
| Tier 1 risk-based capital ratio | 8.56% |
| Total risk-based capital ratio | 17.33% |
| Memoranda | |
| Average assets | $18 |
| Average earning assets | $56,964 |
| Average equity | $5,769 |
| Average loans | $52,856 |
| 2 Wisconsin Branches as of Febuary 17, 2011 | ||||||
| No | ID | Name | Address | Established | Service Type | Map |
|---|---|---|---|---|---|---|
| 0 | 3612 | Pioneer Bank Of Wisconsin | 200 Miner Avenue, Ladysmith, WI 54848 | July 23, 1920 | Full Service Brick and Mortar |  |
| 1 | 207621 | Iga Plus Branch | 400 West 9th Street North, Ladysmith, WI 54848 | January 12, 2000 | Limited Service Facility |  |
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