Bank of Milton, Financial Information

Terms and Definitions

• Domestic deposits

  The sum of all domestic deposits, including demand deposits, money market deposits and time deposits.
• Equity capital

  Total equity capital (includes preferred and common stock, surplus and undivided profits).
• ROA

  Return on assets, net income after taxes and extraordinary items (annualized) as a percent of average total assets.
• ROE

  Return on equity, annualized net income as a percent of average equity on a consolidated basis.

A grand total of $27,000, raised from 19 stockholders who purchased shares at $100 per share, was used to start the Bank of Milton. The building was purchased for the sum total of $2,800 and was located on Main Street. When the Bank of Milton first opened its doors in March of 1884, the street in front of the building was hard-packed dirt. There was no electricity in the building, and no telephone system in the city.

In 1888, the Cashier was instructed to require depositors to present their Passbooks monthly to be balanced, and to notify them that no personal entries would be allowed in the passbooks. Ten years later, he and his assistants, earned a total of $1,000 per year. Through the years, this bank grew to become the Bank of Milton that you know today.

Bank of Milton offers Basic Checking, Classic Checking, Prestige Checking, Supreme 50 Checking, Student Checking, Regular Savings, Money Market, Certificate of Deposits, CDARS, Personal Loans, Business Checking, Business Loans.

Bank of Milton
PO Box 217
323 Parkview Drive
Milton, WI 53563
Phone: 608-868-7672
Fax: 608-868-4773

Bank of Edgerton
102 N Main Street
Edgerton, WI 53534
Phone: 608-884-9622
Fax: 608-884-3798