Bank Of Elmwood
Racine, WI — State Member Bank
Acquired Oct 2009
Vitals
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Total Assets327.4M -10.4 %
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Total Deposits272.8M 4.7 %
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Total Net Loans270.1M -13.2 %
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Net Income
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Book Value7.4M -67.4 %
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Book Value x214.9M -67.4 %
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Book Value x322.3M -67.4 %
Balance Sheet Highlights
Financial Highlights | Bank Of Elmwood | All Insured Commercial Banks in Wisconsin |
Balance Sheet $(000) | ||
Total Assets | 327,444 | 198,057 |
Total Net Loans | 270,062 | 146,742 |
Total Deposits | 272,782 | 162,335 |
Total Equity | 7,435 | 20,289 |
Profitability | ||
Net Income | — | 1,778 |
Return on Average Assets | — | .958 |
Return on Average Equity | — | 8.88 |
Net Interest Margin | 2.758 | 3.726 |
Efficiency Ratio | 129.445 | 66.793 |
Noninterest Income/Revenue | 3.856 | 12.59 |
Balance Sheet Ratios | ||
Loan-to-Deposit | 99.003 | 86.849 |
Securities/Assets | .027 | .528 |
Total Equity/Total Assets | .023 | .102 |
Tangible Equity/Tangible Assets | .02 | -.055 |
Capital Adequacy | ||
Tier 1 Common Capital | — | — |
Tier 1 Capital | 7,101 | 19,030 |
Tier 2 Capital | 3,126 | 1,833 |
Total Capital | 10,227 | 20,845 |
Total Risk Weighted Assets | 241,720 | 153,650 |
Leverage Ratio | 2.16 | 10.165 |
Common Equity Tier 1 Capital Ratio | — | — |
Tier 1 Capital Ratio | 2.94 | 13.537 |
Total Capital Ratio | 4.23 | 14.703 |
Timeline for Bank Of Elmwood
Tri City National Bank
Bank Of Elmwood was acquired by Tri City National Bank 14 years
View Profile Oct 24 2009Racine Development Corporation
Racine Development Corporation became a new subsidiary organization for Bank Of Elmwood.
View Profile May 19 1994Elmwood Financial Corporation
Elmwood Financial Corporation became a new parent organization for Bank Of Elmwood.
View Profile Jan 29 1981Bank Of Elmwood
Bank Of Elmwood was established 63 years ago and is currently headquartered in Racine, WI.
Dec 08 1960Acquisitions & Mergers | Role | Assets | Acct Method | Type | Transaction Date |
Tri City National Bank | Buyer | 1,380,186 | Failure | 10/24/2009 |
Relationships | Role | Relationship Start | Relationship End |
Elmwood Financial Corporation | Parent | 12/31/1984 | 10/23/2009 |
Elmwood Financial Corporation | Parent | 12/31/1983 | 12/30/1984 |
Elmwood Financial Corporation | Parent | 12/31/1982 | 12/30/1983 |
Elmwood Financial Corporation | Parent | 1/29/1981 | 12/30/1982 |
Racine Development Corporation | Subsidary | 5/19/1994 | 6/29/2007 |
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