Charter Bank Eau Claire in Eau Claire, Wisconsin (WI)
Overview, Financial Summary, Detailed Financial Reports, Branches


  • Charter Bank Eau Claire in Eau Claire, Wisconsin (WI)
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Charter Bank Eau Claire - Overview

  • General
  • FDIC Certificate #: 23137
    Status: Active
    Federal Reserve ID: 160650
    Bank Holding Company (Regulatory Top Holder): Charter Bankshares, Inc. (RSSDID: 3485989, Location: Eau Claire, WI)
    Date Established: June 19, 1980
    WWW: http://www.charterbankec.com
    Trust Powers Granted: No
    Bank Charter Class: Commercial bank, state charter and Fed nonmember, supervised by the FDIC
    Offices: 1 (Domestic: 1, Interstate: No)
    OTS Docket #: 10163
    FDIC's unique #: 16208
    Numeric code: 21
    Regulator: FDIC
    Insurance Fund Membership: Deposit Insurance Fund (DIF)
    Insured commercial Banks: Yes
    FDIC Insured: Yes
    Deposit Insurance Fund member: Yes
    Ownership Type: Non-Stock
    FFIEC Call Report 31 Filer: No
    State Chartered: Yes
    Subchapter S Corporations: Yes
    Asset Concentration Hierarchy: Commercial Lending Specialization
    Date of Deposit Insurance: June 19, 1980
    Last Structure Change Effective Date: March 31, 2006
    Last Structure Change Process Date: November 03, 2006
    Last Data Update: November 03, 2006
    Data Source Date: April 05, 2012
  • Location
  • Address: 1010 West Clairemont Avenue, Eau Claire, WI 54701
    County: Eau Claire
    Quarterly Banking Profile Region: Chicago
    FDIC Geographic Region: Chicago
    FDIC Supervisory Region: Chicago
    FDIC Field Office: Eau Claire
    Office of the Comptroller the Currency (OCC) District: Central
    Office of Thrift Supervision Region: Central
    Metropolitan Statistical Area (MSA): Eau Claire, WI (#2290)
    Combined Statistical Area (CSA): Eau Claire-Menomonie, WI (#232)
    Core Based Statistical Area (CBSA): Eau Claire, WI (#20740)
    CBSA Metro Statistical Area: Eau Claire, WI (#20740)
  • History of Changes
  • Merge BIF and SAIF Funds into DIF
  • Financial Summary
  • Total assets: $549.9 mil
    Equity capital: $76.3 mil
    Deposits held in domestic offices: $439.0 mil
    Return on assets (ROA): 2.13% ($11.7 mil)
    Quarterly return on assets: 1.98% ($10.9 mil)
    Return on Equity (ROE): 16.61% ($12.6 mil)
    Quarterly return on equity: 14.46% ($11.0 mil)
    Net income: $11.5 mil
    Quarterly Net income: $2.7 mil
    Pretax return on assets: 2.14% ($11,768.0 mil)
    Quarterly Pretax return on assets: 1.99% ($10,943.2 mil)

1992 - 1999 Historical total assets, liabilities and capital ($ mil)

2000 - 2011 Historical total assets, liabilities and capital ($ mil)

Historical Total Incomes ($ mil)

Historical Total Expenses ($ mil)

Historical total employees (full-time equivalent)

Assets and Liabilities (December 31, 2011)

  • Dollar figures in thousands
  • 54Total employees (full-time equivalent)
  • $549,908Total assets
  • $14,701Cash and due from depository institutions
  • $8,247Interest-bearing balances
  • $167,117Securities
  • $0Federal funds sold & reverse repurchase agreements
  • $341,903Net loans & leases
  • $10,639Loan loss allowance
  • $0Trading account assets
  • $6,256Bank premises and fixed assets
  • $2,378Other real estate owned
  • $0Goodwill and other intangibles
  • $549,908Life insurance assets
  • $17,553All other assets
  • $473,657Total liabilities and capital
  • $439,011Total liabilities
  • $405,995Total deposits
  • $439,011Interest-bearing deposits
  • $89Deposits held in domestic offices
  • 0.00%% insured (estimated)
  • $0Federal funds purchased & repurchase agreements
  • $33,000Trading liabilities
  • $0Other borrowed funds
  • $1,646Subordinated debt
  • $76,251All other liabilities
  • $76,251Total equity capital
  • $76,251Total bank equity capital
  • $0Perpetual preferred stock
  • $900Common stock
  • $2,908Surplus
  • $72,443Undivided profits
  • Memoranda
  • $0Noncurrent loans and leases
  • $406Noncurrent loans that are wholly or partially guaranteed by the U.S. government
  • $5,396Income earned, not collected on loans
  • $322Earning assets
  • $3,398Long-term assets (5+ years)
  • $517,267Average Assets, year-to-date
  • $164,261Average Assets, quarterly
  • $541,181Volatile liabilities
  • $546,311Insider loans
  • $386,323FHLB advances
  • $538,210Loans and leases held for sale
  • $9,691Unused loan commitments
  • $8,182Tier 1 (core) risk-based capital
  • $69,984Tier 2 risk-based capital
  • $0Total risk weighted assets
  • $1,509Total unused commitments
  • $34,065Restructured Loans and leases
  • $4,981Derivatives

Income and Expense (December 31, 2011)

  • Dollar figures in thousands
  • $28,545Total interest income
  • $5,333Total interest expense
  • $23,212Net interest income
  • $4,950Provision for loan and lease losses
  • $1,016Total noninterest income
  • $0Fiduciary activities
  • $435Service charges on deposit accounts
  • $0Trading account gains & fees
  • $581Additional noninterest income
  • $8,545Total noninterest expense
  • $4,322Salaries and employee benefits
  • $680Premises and equipment expense
  • $3,543Additional noninterest expense
  • $10,733Pre-tax net operating income
  • $829Securities gains (losses)
  • $25Applicable income taxes
  • $11,537Income before extraordinary items
  • $0Extraordinary gains - net
  • $11,537Net income attributable to bank
  • $0Net charge-offs
  • $11,537Cash dividends
  • $2,078Sale, conversion, retirement of capital stock, net
  • $4,531Net operating income

Performance and Condition Ratios (December 31, 2011)

  • Dollar figures in thousands
  • Performance Ratios (%, annualized)
  • 5.56%Yield on earning assets
  • 1.04%Cost of funding earning assets
  • 4.52%Net interest margin
  • 0.20%Noninterest income to earning assets
  • 1.67%Noninterest expense to earning assets
  • 1.98%Net operating income to assets
  • 2.13%Return on assets (ROA)
  • 2.14%Pretax return on assets
  • 16.61%Return on equity (ROE)
  • 10.09%Retained earnings to average equity (YTD only)
  • 0.60%Net charge-offs to loans
  • 238.21%Credit loss provision to net charge-offs
  • 7.55%Efficiency ratio
  • 35,269Assets per employee
  • 10.18%Cash dividends to net income (YTD only)
  • Condition Ratios (%)
  • 39.27%Loss allowance to loans
  • 3.02%Loss allowance to noncurrent loans
  • 197.16%Noncurrent assets plus other real estate owned to assets
  • 1.57%Noncurrent loans to loans
  • 1.53%Net loans and leases to deposits
  • 77.88%Net loans and leases to core deposits
  • 92.16%Equity capital to assets
  • 13.87%Core capital (leverage) ratio
  • 13.00%Tier 1 risk-based capital ratio
  • 18.12%Total risk-based capital ratio
  • Memoranda
  • $19Average assets
  • $541,181Average earning assets
  • $69,442Average equity
  • $513,055Average loans

List of branches

  • 1 Wisconsin Branch as of April 05, 2012
  • NoIDNameAddressEstablishedService TypeMap
    016208Charter Bank Eau Claire1010 West Clairemont Avenue, Eau Claire, WI 54701June 19, 1980Full Service Brick and Mortar

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