Bank of Elmwood
Racine, WI · Owner: BK Elmwood Esop & 401 K Plan
$327M
total assets, September 30, 2009
$327M
total assets, September 30, 2009
Bank of Elmwood was a state member bank in Racine, WI, owned by BK Elmwood Esop & 401 K Plan. It failed on Oct 23, 2009, and Tri City National Bank took over its deposits. At its last report it held $327.4 million in assets.
Updated Oct 11, 2026 · numbers as of September 30, 2009
This bank failed
- Failed on
- Oct 23, 2009
- Assets
- $327M
- Deposits
- $273M
- Estimated cost
- $99.5M
- Deposits went to
- Tri City National Bank, Oak Creek, WI
Total assets
$327M
-10.3% in a year · -2.8% in a quarter
Deposits
$273M
+4.7% in a year · -1.9% in a quarter
Loans
$282M
-11.3% in a year · -2.7% in a quarter
Profit so far
-$4.3M
Jan 1 to Sep 30, 2009
Capital ratio
2.16%
-4.14 pts in a year
Return on assets
-1.72%
-0.75 pts in a year
Facts
- Type
- State member bank
- Head office
- 2704 Lathrop Avenue, Racine, WI, 53405
- County
- Racine
- Holding company
- BK Elmwood Esop & 401 K Plan
- Established
- Dec 8, 1960
- Failed
- Oct 23, 2009
- Employees
- 80
- Branches
- 5
- Id
- b18321
Quarter by quarter
March 31, 1984 to September 30, 2009
Assets, deposits and loans
Each quarter end, US dollars
Profit by quarter
Net income of each quarter, the last 12
Ratios
Percent. Return on assets and net interest margin are yearly rates.
Related pages
Questions and answers
How big is Bank of Elmwood?
$327.4 million in total assets and $272.8 million in deposits as of September 30, 2009, with assets down 10.3% from a year before. Its loans were $281.6 million.
How many branches does Bank of Elmwood have?
5 branches in Wisconsin as of June 30, 2026.
Is Bank of Elmwood profitable?
No: it lost $4.32 million from January 1 to September 30, 2009. Its return on assets was -1.72% a year; about 1% is typical.
Who owns Bank of Elmwood?
Bank of Elmwood is owned by BK Elmwood Esop & 401 K Plan, its holding company.
When did Bank of Elmwood fail?
Oct 23, 2009. Tri City National Bank of Oak Creek, WI took over its deposits. The estimated cost of the failure was $99.5 million.
Official public data from the reports every insured bank files each quarter. Profit so far runs from January 1 to the quarter end. Branch deposits are counted once a year, as of June 30. New quarters appear about two months after the quarter ends.