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Anchor BanCorp Wisconsin Inc. (ABCW) filed Annual Report for the period ended 2011-03-31.
Anchor Bancorp Wisconsin Inc. has a market cap of $15.8 million; its shares were traded at around $0.73 with and P/S ratio of 0.1.
This is the annual revenues and earnings per share of ABCW over the last 10 years. For detailed 10-year financial data and charts, go to 10-Year Financials of ABCW.
Highlight of Business Operations:
As of September 30, 2010, the aggregate market value of the 21,683,304 outstanding shares of the Registrant’s common stock deemed to be held by non-affiliates of the registrant was $13.7 million, based upon the closing price of $0.66 per share of common stock as reported by the Nasdaq Global Select Market on such date. Although directors and executive officers of the Registrant and certain of its employee benefit plans were assumed to be “affiliates” of the Registrant for purposes of this calculation, the classification is not to be interpreted as an admission of such status.
The Corporation discontinued accruing the dividends on the cumulative preferred stock after August 15, 2010. The calculation for the net income available to common shareholders included only the dividends accrued versus the dividend in arrears. As a result, the loss per share available to common shareholders was understated by $0.04 for the quarter ended September 30, 2010 and $0.06 for the quarter ended December 31, 2010.
On June 25, 2010, the Corporation completed the sale of eleven branches located in Northwest Wisconsin to Royal Credit Union headquartered in Eau Claire, Wisconsin. Royal Credit Union assumed approximately $171.2 million in deposits and acquired $61.8 million in loans and $9.8 million in office properties and equipment. The net gain on the sale was $5.0 million. The net gain included a write off of the $3.9 million core deposit intangible that was required when designated core deposits were sold in this transaction. On July 23, 2010, the Corporation completed the sale of four branches located in Green Bay, Wisconsin and surrounding communities to Nicolet National Bank headquartered in Green Bay, Wisconsin. Nicolet National Bank assumed $105.1 million in deposits and acquired $24.8 million in loans and $0.4 million in office properties and equipment. The net gain on the sale was $2.3 million.
General. At March 31, 2011, the Bank’s net loans held for investment totaled $2.52 billion, representing approximately 74.2% of its $3.39 billion of total assets at that date. Loans held for investment consist of single-family residential loans of $652.2 million, multi-family residential loans of $499.6 million, commercial real estate loans of $645.7 million, construction and land loans of $225.2 million, commercial and industrial loans of $96.8 million and consumer loans of $563.3 million.
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