This institution is no longer active

Operations ceased on April 1, 1992. CRA examination history below reflects the period it was active.

FIRST AMERICAN BANK OF APOSTLE ISLANDS

WASHBURN, WI · Supervised by FDIC

Est. 1941FDIC #15,816RSSD: FDIC-15816

Part ofOTTO BREMER FOUNDATION→ View all charters

Outstanding

Current rating · Exam: June 1990

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At a Glance

Community Lending (CRA)

Outstanding

Exceeds federal requirements for lending in low- and moderate-income communities

Financial Health

Adequate

ROA 1.16%

Institution Profile

FDIC BankFind

Address

31 West Bayfield Street, WASHBURN, WI

County

Bayfield County

Established

May 4, 1941

Total Assets

$42M(latest call report)

Community Reinvestment Rating

CRA / FFIEC

Federal regulators examine banks to ensure they lend and invest in the communities they serve, especially low- and moderate-income areas.

Overall Rating

Outstanding

Exceeds federal requirements for lending in low- and moderate-income communities

Exam Date

June 11, 1990

Exam Type

Not Reported

Regulator

FDIC

What is a CRA rating? →

⚠️This exam is 36 years old — CRA data may not reflect current lending practices. Regulators typically re-examine banks every 2–4 years.

Estimated next exam:Overdue(based on asset size)

Financial Snapshot

As of Q1 1992Call Report / FDIC

Total Assets

$42M

Total Deposits

$35M

Net Loans

$23M

Net Income

$121K

ROA

1.16%

ROE

15.20%

Risk-Based Capital

12.97%

Regulatory minimum: 8%

Total Assets — Last 8 Quarters

Total AssetsROA

This is the only examination on record for this bank.

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