Chippewa Valley Bank in Winter, Wisconsin (WI)
Overview, Financial Summary, Detailed Financial Reports, Branches

Chippewa Valley Bank - Overview

  • General
  • FDIC Certificate #: 12322
    Status: Active
    Federal Reserve ID: 779650
    Bank Holding Company (Regulatory Top Holder): Chippewa Valley Agency, Ltd. (RSSDID: 1122963, Location: Bruce, WI)
    Date Established: January 01, 1917
    Trust Powers Granted: No
    Bank Charter Class: Commercial bank, state charter and Fed nonmember, supervised by the FDIC
    Offices: 10 (Domestic: 10, Interstate: No)
    FDIC's unique #: 7835
    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: January 01, 1934
    Last Structure Change Effective Date: August 07, 2007
    Last Structure Change Process Date: August 27, 2008
    Last Data Update: August 27, 2008
    Data Source Date: April 05, 2012
  • Location
  • Address: 5150 North Main Street, Winter, WI 54896
    County: Sawyer
    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
  • History of Changes
  • Office Purchased
  • Financial Summary
  • Total assets: $248.1 mil
    Equity capital: $21.6 mil
    Deposits held in domestic offices: $212.3 mil
    Return on assets (ROA): 1.25% ($3.1 mil)
    Quarterly return on assets: 0.63% ($1.6 mil)
    Return on Equity (ROE): 14.76% ($3.2 mil)
    Quarterly return on equity: 7.38% ($1.6 mil)
    Net income: $3.0 mil
    Quarterly Net income: $0.4 mil
    Pretax return on assets: 1.25% ($3,101.1 mil)
    Quarterly Pretax return on assets: 0.63% ($1,562.9 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
  • 59Total employees (full-time equivalent)
  • $248,087Total assets
  • $45,576Cash and due from depository institutions
  • $41,218Interest-bearing balances
  • $7,317Securities
  • $5,321Federal funds sold & reverse repurchase agreements
  • $179,308Net loans & leases
  • $2,503Loan loss allowance
  • $0Trading account assets
  • $4,885Bank premises and fixed assets
  • $2,403Other real estate owned
  • $502Goodwill and other intangibles
  • $248,087Life insurance assets
  • $2,775All other assets
  • $226,494Total liabilities and capital
  • $212,350Total liabilities
  • $189,238Total deposits
  • $212,350Interest-bearing deposits
  • $76Deposits held in domestic offices
  • 0.00%% insured (estimated)
  • $0Federal funds purchased & repurchase agreements
  • $14,000Trading liabilities
  • $0Other borrowed funds
  • $144Subordinated debt
  • $21,593All other liabilities
  • $21,593Total equity capital
  • $21,593Total bank equity capital
  • $0Perpetual preferred stock
  • $120Common stock
  • $2,630Surplus
  • $18,843Undivided profits
  • Memoranda
  • $0Noncurrent loans and leases
  • $0Noncurrent loans that are wholly or partially guaranteed by the U.S. government
  • $5,685Income earned, not collected on loans
  • $0Earning assets
  • $1,342Long-term assets (5+ years)
  • $233,164Average Assets, year-to-date
  • $16,799Average Assets, quarterly
  • $244,400Volatile liabilities
  • $252,577Insider loans
  • $181,734FHLB advances
  • $253,718Loans and leases held for sale
  • $0Unused loan commitments
  • $0Tier 1 (core) risk-based capital
  • $21,092Tier 2 risk-based capital
  • $0Total risk weighted assets
  • $0Total unused commitments
  • $10,316Restructured Loans and leases
  • $4,564Derivatives

Income and Expense (December 31, 2011)

  • Dollar figures in thousands
  • $11,667Total interest income
  • $1,995Total interest expense
  • $9,672Net interest income
  • $436Provision for loan and lease losses
  • $982Total noninterest income
  • $0Fiduciary activities
  • $820Service charges on deposit accounts
  • $0Trading account gains & fees
  • $162Additional noninterest income
  • $7,165Total noninterest expense
  • $4,152Salaries and employee benefits
  • $881Premises and equipment expense
  • $2,132Additional noninterest expense
  • $3,053Pre-tax net operating income
  • $0Securities gains (losses)
  • $3Applicable income taxes
  • $3,050Income before extraordinary items
  • $0Extraordinary gains - net
  • $3,050Net income attributable to bank
  • $0Net charge-offs
  • $3,050Cash dividends
  • $239Sale, conversion, retirement of capital stock, net
  • $1,648Net operating income

Performance and Condition Ratios (December 31, 2011)

  • Dollar figures in thousands
  • Performance Ratios (%, annualized)
  • 5.06%Yield on earning assets
  • 0.87%Cost of funding earning assets
  • 4.20%Net interest margin
  • 0.43%Noninterest income to earning assets
  • 3.11%Noninterest expense to earning assets
  • 1.25%Net operating income to assets
  • 1.25%Return on assets (ROA)
  • 1.25%Pretax return on assets
  • 14.76%Return on equity (ROE)
  • 6.79%Retained earnings to average equity (YTD only)
  • 0.13%Net charge-offs to loans
  • 182.43%Credit loss provision to net charge-offs
  • 14.60%Efficiency ratio
  • 67,252Assets per employee
  • 4.20%Cash dividends to net income (YTD only)
  • Condition Ratios (%)
  • 54.03%Loss allowance to loans
  • 1.38%Loss allowance to noncurrent loans
  • 44.03%Noncurrent assets plus other real estate owned to assets
  • 3.26%Noncurrent loans to loans
  • 3.13%Net loans and leases to deposits
  • 84.44%Net loans and leases to core deposits
  • 93.68%Equity capital to assets
  • 8.70%Core capital (leverage) ratio
  • 8.31%Tier 1 risk-based capital ratio
  • 11.61%Total risk-based capital ratio
  • Memoranda
  • $13Average assets
  • $244,400Average earning assets
  • $20,657Average equity
  • $230,485Average loans

List of branches

  • 10 Wisconsin Branches as of April 05, 2012
  • NoIDNameAddressEstablishedService TypeMap
    07835Chippewa Valley Bank5150 North Main Street, Winter, WI 54896January 01, 1917Full Service Brick and Mortar
    1226839Radisson BranchMain Street, Radisson, WI 54867November 18, 1937Full Service Brick and Mortar
    2226840Bruce Branch607 Main Street, Bruce, WI 54819July 02, 1990Full Service Brick and Mortar
    3226841Hayward Branch608 Minnesota Avenue, Hayward, WI 54843July 06, 1994Full Service Brick and Mortar
    4226842Weyerhaeuser BranchW14334 Hwy 8 - Po Box 256, Weyerhaeuser, WI 54895April 19, 1999Full Service Brick and Mortar
    5423082Lake NebagamonLake Avenue, Lake Nebagamon, WI 54849August 25, 2003Full Service Brick and Mortar
    6431392Lac Du Flambeau Branch602 Peacepipe Lane, Lac Du Flambeau, WI 54538August 09, 2004Full Service Brick and Mortar
    7269212Iron River Branch68240 S. Main Street, Iron River, WI 54847January 01, 1902Full Service Brick and Mortar
    8269213Bayfield Branch117 South Broad Street, Bayfield, WI 54814January 01, 1902Full Service Brick and Mortar
    9506557Washburn Office104 Washington Avenue, Washburn, WI 54891March 01, 2010Full Service Brick and Mortar

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