Ixonia Bank, Financial Information

AboutIxonia Bank

 Address:
W 1046 Marietta Ave
Ixonia,WI
Jefferson County,Wisconsin
 Established:
Jan 1918
 Number of domestic offices:
7
Total assets$523M
Net income$9M
Net income,quarterly$3M
Total deposits$452M
Domestic deposits$452M
Equity capital$56M
ROA1.96%
ROAQ,quarterly2.02%
ROA,pretax2.02%
ROAQ,quarterly,pretax2.79%
ROE17.82%
ROEQ,quarterly19.02%
UpdatedMay 20, 2021

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.

Ixonia Bank was first formed on April 11, 1917, when a group of businessmen in the Ixonia area decided to organize a new bank with $10,000 of capital. The bank was first called Ixonia State Bank. Ixonia State Bank's first building was built in 1918 in the heart of Ixonia, on a lot not far from where the Ixonia branch is now located. In 1954, the bank bought land and construction on a new building began the following year. When the new bank building officially opened on January 1, 1956, the Bank, consisting of only 8 employees, was proud to offer its customers the first drive-up window in Jefferson County.

In 1976, the Bank remodeled and expanded its Ixonia office. An additional 4,000 square feet was added, and more notably, air conditioning was added. The bank at this time had 19 employees.

In the 1990s, Ixonia State Bank added 3 branches: Watertown-Oakridge Court in 1990, Oconomowoc-Summit Avenue in 1994, and Watertown-Church Street in 1997. In the 2000s, the bank added the Dousman-Main Street branch in 2001. In 2003, the bank changed its name to ISB Community Bank. The newest branch, Hartland-Village Square Drive, was added in 2008.

Due to strong and continuous growth in their local communities, ISB Community Bank moved into its new Ixonia home in the early fall of 2007, just a few blocks from its previous location. It is anticipated this new and current building will be "home" for the next 50 years. In the spring of 2013, ISB Community Bank returned to its roots and renamed itself as Ixonia Bank. Ixonia Bank is a unique name that has historically connoted strength and soundness.

Ixonia
W1046 Marietta Avenue
Ixonia, WI 53036
Phone: 920-262-6959 or
262-567-7509
Fax: 920-262-6955

Dousman
491 North Main Street
Dousman, WI 53118
Phone: 262-965-2570
Fax: 262-965-2593

Hartland
3201 Village Square Drive
Hartland, WI 53029
Phone: 262-369-1777
Fax: 262-369-1792

Oconomowoc
1223 East Summit Avenue
Oconomowoc, WI 53066
Phone: 262-567-2881
Fax: 262-567-2192

Watertown
1725 South Church Street
Watertown, WI 53094
Phone: 920-206-2000
Fax: 920-206-2010

Watertown
109 Oakridge Court
Watertown, WI 53094
Phone: 920-262-6949
Fax: 920-262-6944