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Overview / Commentary
102 5th Ave
Shell Lake, WI 54871

Shell Lake State Bank is headquartered in Shell Lake and is the 138th largest bank in the state of Wisconsin. It is also the 3,560th largest bank in the nation. It was established in 1916 and as of December of 2013, it had grown to 30 employees at 3 locations. Shell Lake State Bank has a A health rating.

Reviews (1)

New To Shell Lake State Bank

I just joined about a week ago and I'm really please with them. Better then U.S bank who I had for two years.

With Shell Lake being a smaller home town bank they are more in touch with their customers. So, if you're within a half hour drive from any of their banks I'd go with them over the bigger banks in the area just because of the home town customer feeling you get with them.


Data for Q4 2013

Institution Health


Texas Ratio


The Texas Ratio is an indicator of how much funds a bank has available compared to the total value of loans considered at risk. As of December 31, 2013 Shell Lake State Bank had $2.82 million in non-current loans and owned real-estate with $30.19 million in equity and loan loss allowances on hand to cover it. This gives Shell Lake State Bank a Texas Ratio of 9.35% which is excellent. Any bank with a Texas Ratio near or greater than 100% is considered at risk.

Texas Ratio Trend


The Texas Ratio for Shell Lake State Bank increased slightly from 3.53% as of December 31, 2012 to 9.35% as of December 31, 2013, resulting in a negative change of 165.15%. This indicates that the balance sheet and financial strength for Shell Lake State Bank has declined slightly in recent periods.

Deposit Growth


In the past year, Shell Lake State Bank has increased its total deposits by $9.81 million, resulting in 8.58% growth for the year. A strong track record of growth is an indicator of consumer confidence and the bank's ability to strengthen its balance sheet. The growth Shell Lake State Bank has shown is excellent.



Both FDIC and NCUA consider capitalization levels of banks and credit unions to be of high importance. Higher capitalization allows for a greater buffer when cover loans that may fail in the future. Shell Lake State Bank has $160.4 million in assets with $30.19 million in equity, resulting in a capitalization level of 18.82%, which is excellent.

Institution Statistics

FDIC Certificate #14911
Year Established1916
Primary RegulatorFDIC
Assets and Liabilities
Assets$160.41 million
Loans$67.96 million
Deposits$124.13 million
Equity Capital$28.92 million
Loan Loss Allowance$1.27 million
Unbacked Noncurrent Loans$1.93 million
Real Estate Owned$895,000
Historic Data - December 2012
Assets$152.23 million
Equity Capital$30.36 million
Loan Loss Allowance$1.21 million
Unbacked Noncurrent Loans$1.93 million
Real Estate Owned$826,000
Profit Margin - Quarterly
Net Interest Margin3.45%
Return on Assets1.42%
Return on Equity7.5%
Interest Income$5.90 million

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Shell Lake State Bank Locations
Shell Lake State Bank102 5th AveShell Lake, WI 54871
Spooner Branch219 River StreetSpooner, WI 54801
Sarona BranchCounty Road DSarona, WI 54870