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rr=i I . Lt_J
Board of Governors of the Federal Reserve System
COP'{ FHY-G OMB Nwnber7HJO.OW7 Approval expires December 31, 2015 Page1 of2
Annual Report of Holding Companies-FR Y-6
Report at the close of business as of the end of fiscal year
This Report is required by law: Section 5(c)(1)(A) of the Bank Holding Company Act (12 U.S.C. 1844 (c)(i)(A)); Section 8(a) of the International Banking Act (12 U.S.C. 3106(a}); Sections 11 (a)(1), 25 and 25A of the Federal Reseive Act (12 U.S.C. 248(a)(1), 602, and 611a); Section 211.13(c) of Regulation K (12 C.F.R. 211.13(c)); and Section 225.S(b) of Regulation Y (12 C.F.R. 225.S(b)) and section 10(c)(2)(H) of the Home Owners' Loan Act Return to the appropriate Federal Reseive Bank the original and the number of copies specified.
NOTE; The Annual Report of Holding Companies must be signed by one director of the top-tier holding company. This individual should also be a senior official of the top-tier holding company. In the event that the top-tier holding company does not have an individual who is a senior official ?nd is also a director, the chairman of the board must sign the report.
1,J. Michael Jones Name of the Holding Company Direct.or and Official Vice President TiUe ol the Holding Company Director and Official
attest that the Annual Report of Holding Gompanies (including the supporting attachments) for this report date has been prepared in conformance with the instructions issued by the Federal Reseive System and are true and correct to the best of my knowledge and belief.
With respect to information regarding individuals contained in this report, the Reporter certifies that it has the aulf1ority to provide this information to the Federal Reserve. The Reporter also cet1ifies that it has the authority, on behalf of each ihdividiJal, to consent or object to publfc release of informaffon regarding that individual. The Federal Reserve may assume, in the absence of a request for confidential treatment submitted in accordance with the Board's "Rules Regarding Availabt7ity of Information, 12 C.F.R. Part 261, that the Reporter ans:/. individual consent to public release of all details in the repo1fconce,ming t/Jat individual.
' / '
,\..i_ I
For holding companies mt registered with the SC-Indicate status of Annual Report to Shareholders: ::8J is included with the FR Y-6 report U will be sent under separate cover 0 is not prepared For Federal Reserve Bank Use Only
RSSDID 3 7 , , tR4---------.. -.......... C.I. ------.. ----
..... -.......... _
Resubmitted 08/07 /15
This report form is to be filed by all top-tier bank holding companies and top-tier savings and loan holding companies organized under U.S. law, and by any foreign banking organization that does not meet the requirements of and is not treated as a qualifying foreign banking organization under Section 211.23 of Regulation K (i2 C.F.R. 211.23). (See page one of the general instructions for more detail of who must file.) The Federal Reserve may .not conduct or sponsor, and an organization (or a person) is not required to respond to, an information collec.iion unless it displays a currently valid OMB control number.
Date of Report (top-tier holding company's fiscal year-end): December 31, 2014 ii;;!t;T6-Y/y;;,.- - .. - - .. --------------------------N ONE Rporter's Legal Entity Identifier (LEI) (2C>-Cf\aracter LEI Code)
Reporter's Name, Street, and Mailing Address Wisconsin Bancorp, Inc. -- ---------.. --.. -- ----------Legal Title elf Holding Company 2317 Milton Avenue
----- -------------(Mailing Address of the Holding Company) Street I P.O. Box Janesville \.NI 53545 c_;iv __ . __ ......... __ .... ... ___
sta-te---- - Zir;-c;d-;;- --- -----
Physical Location (if different lrom mailing address)
Person to whom questions about this report should be directed: Phillip R Johnson Chief financial OfficG:r Name TiUe 608-314-1014 Area Code I Phone Number t Extension
608-752-2264 -------------
Area Code f FAX Number [email protected] ----------------E-mail Address
Addresa (URL) for the Holding Company's web page Does U1e reporter req1Jt!lst confidential treatment for any portion of tllis submission?
0 Yes Please identify the report items lo which this reqtiest applies:
No
01n accordance with the instructions on pages GEN-2 and 3, a letter justifying 'the request is being provided.
O The information for which confidential treatment is sought is being submitted separately labeled "Confidential."
Public repor1in11 burden IOf this lnloi'matlon Wleciloo i$ "Slimated to vary from 1.'3 lo 101 '""' pe< response. with an average of 5.25 hours per raliPOllse. including lime le gather 011d malnlain data in the required loon and lo review lnsUuclioos and c:omplefB 1ha inform.:illon r.:olledion. Send oommenls regarding this burden estimale or any oilier aspoc1 of this collection of infonn.'Jlion, lndu(Jing '&1
Wj) o.'!,.CO . . S ., f.Ai !COPJ=: I 'C
Consolidated Balance Sheets for the Periods Ended December 31
ASSETS 2014 2013
Cash & Non-interest Bearing Balances Due From Banks $ 1,926,055 $ 4,274,626
Federal Funds Sold and Securities Purchased Under Resale Agreements 8,000,000 11,000,000
Interest-bearing Balances Due From Banks 808,480 274,616
Investment Securities
Available for Sale Securities, at Fair Value
U.S. Treasury and Agency Securities 292,795 644,554
Municipal Securities 667,112 3,442,432
Mortgage-Backed Securities 15,907,768 13,339,213
Total Available for Sale Securities 16,867,675 17,426,199
Other Securities 589,815 589,815
Total Investment Securities 17,457,490 18,016,014
Loans & Leases Receivable Commercial Loans 30,623,497 19,279,865
Commercial Real Estate Loans 16,051,011 20,215,107
Residential Real Estate Loans 12,682,260 16,366,639
Real Estate Loans Held for Sale 135,000
Home Equity Loans 1,516,291 1,844,737
Consumer Loans 63,545 74,214
Other Loans 518,555 8,116
Total Loans 61,590,159 57,788,678
Allowance for Loan and Lease Losses (2,145,000) (2,055,000)
Net Loans and Leases 59,445,159 55,733,678
Fixed Assets 3,836,129 4,063,524
Other Real Estate Owned (OREO) 20,021 131,691
Core Deposit Intangible, Net of Amortization 252,028 320,764
Accrued Interest Receivble 214,553 234,875
Other Assets 545,385 516,155
TOTAL ASSETS 92,505,300 94,565,943
LIABILITIES and SHAREHOLDERS' EQUITY
Deposits
Non-Interest Bearing Transaction Deposits $ 7,397,608 $ 7,893,910 Interest-Bearing Transaction Deposits 22,286,591 26,357,262
Money Market and Savings Deposits 24,633,320 19,512,817
Certificates of Deposit $100,000 17,411,880 17,573,245
Total Deposits 81,457,970 82,720,147
Short-Term Borrowings 132,000
Accrued Expenses & Other Liabilities 985,355 1,206,299 long-Term Borrowings 3,731,575 3,881,575
TOTAL LIABILITIES 86,174,900 87,940,021
Shareholders' Equity
Common Stock (Shares Issued 2014 -118,998; 2013 - 111,518) 4,160,021 4,159,946 Capital Surplus 7,490,753 7,289,697
Accumulated Losses (5,291,292) (4,966,161)
Treasury Stock, at Cost: 2,352 Shares (246,522) (246,522) Accumulated Other Comprehensive Income 217,440 388,962
Total Shareholders' Equity 6,330,400 6,625,922
TOTAL LIABILITIES and SHAREHOLDERS' EQUITY $ 92,505,300 $ 94,565,943
Book Value per Share $ 54.27 $ 60.70 (12/31/2014 -116,646 shares; 12/31/2013 -109,166 shares)
1
'.' /15COr -.S ' BA 'CORP. I 'C.
Consolidated Statements of Income for the Years Ended December 31
Interest and Fee Income 2014 Loans and Leases $ 3,624,307 Investment Securities 375,326 Short-term Investments and Interest-bearing Balances 9,459
Total Interest and Fee Income 4,009,092
Interest Expense
Deposits 622,388 Short-term Borrowings 3,635 Long-Term Borrowings 199,848
Total Interest Expense 825,871 Net Interest Income 3,183,221
Provision for Loan and Lease Losses 2,494 Net Interest Income After Provision for Loan and Lease Losses 3,180,727
Other Income
Service Charges on Deposits 79,388 Gain on Sale of Mortgage Loans 20,382 Other Mortgage Banking Revenue 16,948 Net Investment Securities Gains (Losses) 252,085 Gain on Sale of Other Loans 66,884 Gain on Sale of Other Real Estate Owned 9,309 Gain on Sale of Fixed Assets
Other Income 53,677 Total Other Income 498,673
Other Expense
Salaries and Employee Benefits 2,042,100 Net Occupancy and Equipment Expenses 690,149 Processing Charges 296,711 Professional Services 88,822 FDIC Insurance 114,186 OREO Expenses and Write-downs 2,935 Other Expenses 819,282
Total Other Expense 4,054,185
Income (Loss) Before Income Taxes (374,785) Provision for Income Tax Expense (Benefit) (49,654) Net Income (Loss) $ (325,131)
Net Income (Loss) per Share $ (2.88} Average Shares Outstanding (2014-112,906; 2013-109,166)
2
2013 $ 4,392,104
387,504 13,838
4,793,446
731,180 2,286
245,130 978,596
3,814,850 225,769
3,589,081
81,920 364,433
71,041
136,462 817,205
63,198 1,534,259
2,275,612 554,414 211,459 684,108 226,180 152,115 848,558
4,952,446
170,894 39,845
$ 131,049
$ 1.20
Balance, December 31, 2012
Net Income
Net Unrealized Gains (Losses} on Availablefor-Sale Securities
Balance, December 31, 2013 Proceeds of Common Stock Issue (Net of Issuing Costs- $68,149) Net Loss
Net Unrealized Gains (losses) on Available-for-Sale Securities
Balance, December 31, 2014
Balance, Beginning of the Year
Provision for Loan and Lease Losses
Charge-Offs
Recoveries
Balance, End of the Year
Allowance for Loan and Lease Losses as% of Total Loans
Loans Secured by:
Farmland
1st Lien 1-4 Family Residential Properties
Multifamily (5 or more) Residential Properties
Nonfarm/Nonresidential Properties
Jr. Liens on 1-4 Family Residential Properties
Construction and Land Development
Commercial and Industrial Loans
Total
Nonaccrual Loans as% ofTotal Loans
Commercial and Industrial Loans
Loans Scured by:
1st Lien 1-4 Family Residential Properties
Jr. Liens on 1-4 Family Residential Properties
Multifamily (5 or more) Residential Properties
Nonfarm/Nonresidential Properties
Commercial and Industrial Loans
Consumer Loans
Total
Loans Past Due 30 - 89 Days as% ofTotal Loans
'NSCOi\;S
Consolidated Statements of Shareholders' Equity
For the Two Years Ended December 31, 2013 and 2014
common Cilpital Retained Stock Surplus Earnings
$ 4,159,946 $ 7,289,697 $ (5,097,210) 131,049
$ 4,159,946 $ 7,289,697 $ (4,966,161) 75 201,056
(325,131)
$ 4,160,021 $ 7,490,753 $ (5,291,292)
Analysis of the Allowance for loan and Lease losses For the Twelve Months Ended December 31
Nonaccrual Loans
Loans Past Due 30 through 89 Days and Still Accruing
3
Treasury Common Stock
$ (246,522)
$ (246,522)
$ (246,522)
Accumulated Other
Comprehensive Total Equity
$
$
$
$
$
$
$
s
Income 559,833
(170,871)
388,962
(171,522)
217,440
2014
2,055,000
2,494
(74,988)
162,494
2,145,000
3.48%
$
s
$
$
$
6,665,744
131,049
(170,871)
6,625,922
201,131
(325,131)
(171,522)
6,330,400
2013
2,445,000
225,769
(931,010)
315,241
2,055,000
3.56%
December 31
2014 2013
$ 187,808
212,121
28,126 98,165
409,047
428,055 $ 507,212
0.70% 0.88%
December31 2014 2013
$
295,668
447,234
23,821
247,108
990,010 $ 23,821
1.61% 0.04%
WISCONSIN BANCORP, INC.
ORGANIZATIONAL CHART December 31, 2014
Wisconsin Bancorp, Inc. Janesville, Wisconsin
Incorporated in Wisconsin Board of Directors & Officers
Chair/CEO/President -- Nancy Mistele (Term 2015) Vice Chairman - Brad Goll (Term 2015)
Vice President/Director -- John M Jones (Term 2016) Treasurer- Phil Johnson
Secretary- Jane Lindebak Directors - Debra Lins (Term 2017), John Phelan (Term 2016), Harry Sharata (Term 2015), Tom Wierschem (Term 2017)
WBI Organization Chart_12 2014
100%
Mid America Bank Janesville, Wisconsin
Incorporated in Wisconsin Board of Directors
Chair - Nancy Mistele President, CEO & Director Secretary - Jane Lindebak
Directors - Brad Goll, John Phelan, Debra Lins, Tom Wierschem,
FR Y-6 Item 2b
Results: A list of branches for your holding company: WISCONSIN BANC ORP, INC. (3711866) of JANESVILLE, WI.
The data are as of 12/31/2014. Data reflects information that was received and processed through 07 /06/2015.
Reconciliation and Verification Stecs
1. In the Data Action column of each branch row, enter one or more of the actions specified below.
2. If required, enter the date in the Effective Date column.
Actions
OJC: If the branch information is correct, enter 'OK' in the Data Action column.
Change: If the branch information is Incorrect or incomplete, revise the data, enter 'Change' in the Data Action column and the date when this information first became valid in the Effective Date column.
Close: If a branch IJsted was sold or closed, enter 'Close' in the Data Action column and the sale or closure date in the Effective Date column.
Delete: If a branch listed was never owned by this depository Institution, enter 'Delete' in the Data Action column.
Add: If a reportable branch is missing, insert a row, add the branch data, and enter 'Add' in the Data Action column and the opening or acquisition date in the Effective Date column.
If printing this list, you may need to adjust your page setup in MS Excel. Try using landscape orientation, page scaling, and/or legal sized paper.
Submission Procedure
When you are finished, send a saved copy to your FRB contact. See the detailed instructions on this site for more information.
If you are e-mailing this to your FRB contact, put your institution name, city and state in the subject line of the e-mai1.
Note:
To satisfy the FR Y-10 reporting requirements, you must also submit FR V-10 Domestic Branch Schedules for each branch with a Data Action of Change, Close, Delete, or Add.
The FR V-10 report may be submitted In a hardcopy format or vra the FR Y-10 Online application- https://ylOonline.federalreserve.gov.
FDIC UNINUM, Office Number, and ID_RSSD columns are for reference only. Verification of these values is not required.
Data Action Effectfve Date Branch Service Type
ok Full Service {Head Office)
ok Full Service
Branch ID_RSSD Popular Name Street Address City State Zip Code County Country
659042 MIO AMERICA BANK 2317 MILTON AVENUE JANESVILLE WI 53545 ROCK UNITEO STATES
3507265 WILLIAMS BAY BRANCH 111 ELKHORN ROAD WILLIAMS BAY WI 53191 WALWORTH UNITEO STATES
FDIC UNINUM Office Number* Head Office 9548 0 MID AMERICA BANK
233338 2 MID AMERICA BANK
Head Office ID_RSSD* Comments
659042
659042
http:https://y!0online.federalreserve.gov
Re ort Item 3: Securities Holders
FR Y-6
WISCONSIN BANCORP, INC. JANESVILLE, WI 53545
Fiscal Year Ending DECEMBER 31, 2014
Current Securities Holders with ownership, control or holdings of 5% or
more with power to vote as-of fiscal year end.
Securities Holders not listed in 3(1)(a) through (3)(1)(c) that had
ownership, control or holdings of 5% or more with power to vote during the fiscal year.
illifil
Name & Address (City, State, Country)
(1) Jason Kadow
Middleton, WI, USA
Capital Consulting-Jason Kadow Owner Middleton, WI, USA
(3) Harry Sharata
Madison, WI, USA
3/11/2015
ill1!tl Country of
Citizenship or
Incorporation
USA
USA
USA
ill.f.1 Number and
Percentage of Each Class of Voting
Securities
4, 154 -3.56% (Common Stock)
2,604 - 2.23%
(Common Stock)
6,035 - 5.17% (Common Stock)
1 of 1
(2)(a)
Name & Address (City, State, Country)
None
(2)(b) (2)(c) Number and
Country of Percentage of Each Citizenship or Class of Voting
Incorporation Securities
WBl_FRBC FR Y-6 Items 3 & 4_ 123114.xlsx Item 3
http:6,035-5.17http:250-0.21http:3,000-2.57http:1,000-0.86http:2,604-2.23http:4,154-3.56
Report Item 4: Insiders (1)(a)(b)(c) and (2)(a)(b)(c)
Names & Address (City, State,
Count
Nancy Mistele Waunakee, WI, USA
Brad Goll Madison, WI, USA
J. Michael Jones Mt. Horeb, WI, USA
John Phelan Madison, WI, USA
Harry Sharata Madison, WI, USA
3/11/2015
2
Principal
Occupation if other
than with Holding
Com an
State of Wisconsin
Insurance Agency
NIA
Physician
Physician
3 a
Title & Position with Holding
Com an
ChairlPresidenUCEO Director
Vice Chairman/Director
Vice PresldenUDirector
Director
Director
FRY-6
WISCONSIN BANCORP, INC. JANESVILLE, WI 53545
Fiscal Year Ending DECEMBER 31, 2014
3 b
Title & Position with Subsidiaries
(include names of
subsidiaries
Chairman-Mid America Bank
Director-Mid America Bank
President & CEO Mid America Bank
Director-Mid America Bank
Director-Mid America Bank
3 c
Percentage of
Title & Position with Percentage of Voting Securities Other Businesses Voting Securities In Subsidiaries
(include names of other in Holding (Include names
businesses Com an of subsidiaries
Director-Office of Business 1.16% NIA Development
President- Bradley J Goll 0.52% NIA Agency, Inc
President & CEO - B Goll & Dunn Insurance Agency, Inc
None 0.21% NIA
Director - Dean Health System 1.69% NIA Chairman - Dea Heallh Plan
Medical Director-Advanced 5.17% N/A Dermatology, Inc.
Medical Director-Madison Skin & Research, Inc.
4 c
List names of other companies
(Includes partnerships) if 25% or more of voting securities are held
(List names of companies and
percentage of voting securities
held
NIA
Bradley J Goll Agency, Inc. - 100% B Goll & Dunn Insurance Agency, Inc.- 50%
N/A
NIA
NIA
1 of 2 WBl_FRBC FR Y-6 Items 3 & 4:_123114.xlsx
ltem4
Report Item 4: Insiders (1 )(a)(b)(c) and (2)(a)(b)(c)
Names & Address (City, State,
Count
Debra Lins Prairie du Sac, WI, USA
Tom Wierschem Oregon. WI. USA
Phillip R Johnson Oregon, WI, USA
Jane Lindebak Madison, WI. USA
3/11/2015
2
Principal
Occupation if other
than with Holding
Com an
Business Conslltant
Financial Advisor
N/A
NIA
3 a
Title & Position with Holding
Com an
Director
Director
Treasurer
Secretary
FRV-6
WISCONSIN BANCORP, INC. JANESVILLE, WI 53545
Fiscal Vear Ending DECEMBER 31, 2014
3 b
Title & Position with Subsidiaries
(include names of
subsidiaries
Director-Mid America Bank
Director-Mid America Bank
CFO-Mid America Bank
Human Resources Mgr/Bank
Officer/Secretary to the Board
Mid America Bank
3 c
Percentage of
Title & Position with Percentage of Voting Securities Other Businesses Voting Securities In Subsidiaries
(include names of other in Holding (include names
businesses Com an of subsidiaries
President-Lins Business 0.86% NIA Consulting
Finance Manager 0.75% NIA The Evangelical Catholic, Inc.
None 0.26% NIA
None None NIA
4 c
List names of other companies
(includes partnerships) if 25% or more of voting securities are held
(List names of companies and
percentage of voting securities
held
Lins Business Consulting-Sole Owner
N/A
NIA
NIA
2 of 2 WBl_FRBC FR Y-6 Items 3 & 4_ 123114.xlsx
ltem4
FR Y-6 Cover PageReport Item 1: Annual Report to ShareholdersReport Item 2a: Organization ChartReport Item 2b: Domestic Branch ListingReport Item 3: Securities HoldersReport Item 4: Insiders