Question 1

What is Highland State Bank?

Accepted Answer

Highland State Bank is a small, independent community bank serving the rural community of Highland, Wisconsin. With approximately $43.9 million in total assets and $38 million in deposits, the bank operates as a state-chartered commercial bank under FDIC supervision.

As a Subchapter S corporation with a single office location, Highland State Bank focuses on personalized banking services for individuals and small businesses in Iowa County and the greater Madison, Wisconsin metropolitan area. The bank specializes in residential mortgage lending, consumer auto loans, and agricultural financing.

Question 2

When was Highland State Bank founded?

Accepted Answer

Highland State Bank was founded on June 1, 1903, making it over 120 years old. The bank was established to serve the farming and residential communities in the Highland area of southwestern Wisconsin.

Throughout its history, the bank has maintained its commitment to local community banking while adapting to changing financial services needs. The institution received FDIC deposit insurance on January 1, 1934, shortly after the FDIC was created during the Great Depression.

Question 3

Where is Highland State Bank headquartered?

Accepted Answer

Highland State Bank is headquartered at 541 Main Street in Highland, Wisconsin, 53543. Highland is located in Iowa County in the southwestern part of the state.

Question 4

Where does Highland State Bank operate?

Accepted Answer

Highland State Bank operates from a single office location in Highland, Wisconsin. The bank serves customers primarily in Iowa County and surrounding rural communities in southwestern Wisconsin.

As part of the Madison, Wisconsin Core Based Statistical Area (CBSA), the bank also serves customers throughout the greater Madison region. Despite its single physical location, the bank provides services to customers through digital banking channels including online banking and mobile banking applications.

Question 5

What services does Highland State Bank offer?

Accepted Answer

Highland State Bank offers a range of personal and business banking services tailored to its rural community market:

Deposit Services: Multiple checking account options with special pricing for students and senior citizens, savings accounts, and certificates of deposit.

Lending Services: Residential mortgage loans (1-4 family properties), consumer auto loans for cars, trucks, and ATVs, commercial real estate financing, commercial and industrial loans, small business loans, and agricultural loans. The bank's loan portfolio is notably concentrated in residential real estate (54% of loans) and consumer auto lending.

Digital Banking: Online banking platform, mobile banking app, CardValet mobile app for debit card security and management, and automated loan payment and account transfer services.

Additional Services: Debit card services, surcharge-free ATM access at bank locations, and overdraft protection options.

Question 6

What makes Highland State Bank unique?

Accepted Answer

Highland State Bank distinguishes itself through its deep roots in rural Wisconsin and its sustained independence over 120 years of operation. As one of the smallest FDIC-insured banks in Wisconsin with just 7 employees, the bank maintains an intimate, personalized approach to customer service.

The bank's loan portfolio reflects its specialization in serving rural and suburban communities, with significantly higher concentrations of residential mortgages and consumer auto loans compared to other Wisconsin banks. This focus demonstrates the bank's understanding of local transportation needs and housing markets in rural areas.

Operating under the holding company structure of Southwestern WI Bancshares Inc., Highland State Bank has maintained strong financial performance with a Return on Assets (ROA) of 1.16% and a Community Bank Leverage Ratio of 11.95%, indicating solid capitalization and stability.

Question 7

What type of financial institution is Highland State Bank?

Accepted Answer

Highland State Bank is a State-Chartered Community Bank. As a state-chartered institution, it operates under Wisconsin state banking laws and is supervised by the FDIC rather than the Federal Reserve.

The bank is classified as a community bank by the FDIC, meaning it focuses on relationship-based banking and serving the needs of its local geographic market. It is not a member of the Federal Reserve System and operates as an independent institution focused exclusively on traditional community banking activities without trust powers or complex financial services. The bank's small asset size (under $50 million) and single-office structure exemplify the traditional community bank model.

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