Citizens Community Federal in Eau Claire, Wisconsin (WI), MN, MI



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Citizens Community Federal
GeneralFDIC Certificate #: 57265
Status: Active
Federal Reserve ID: 962890
Date Established: December 10, 2001
WWW: http://www.citizenscommunityfederal.net
Trust Powers Granted: No
Bank Charter Class: Savings associations, state or federal charter, supervised by the Office of Thrift Supervision (OTS)
Offices: 28 (Domestic: 28, Interstate: Yes)
OTS Docket #: 17873
FDIC's unique #: 360330
Numeric code: 33
Regulator: OCC
Insurance Fund Membership: Deposit Insurance Fund (DIF)
FDIC Insured: Yes
Insured Savings Institution: Yes
Deposit Insurance Fund member: Yes
Ownership Type: Non-Stock
FFIEC Call Report 31 Filer: No
State Chartered: No
Subchapter S Corporations: No
Asset Concentration Hierarchy: Mortgage Lending Specialization
Date of Deposit Insurance: December 10, 2001
Last Structure Change Effective Date: July 21, 2011
Last Structure Change Process Date: July 21, 2011
Last Data Update: July 21, 2011
Data Source Date: April 05, 2012
LocationAddress: 2174 Eastridge Center, 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 ChangesCorrections
Change in Primary Regulatory Agency
Financial SummaryTotal assets: $530.8 mil
Equity capital: $52.2 mil
Deposits held in domestic offices: $444.7 mil
Return on assets (ROA): 0.04% ($0.2 mil)
Quarterly return on assets: -0.28% (-$1.5 mil)
Return on Equity (ROE): 0.41% ($0.2 mil)
Quarterly return on equity: -2.83% (-$1.5 mil)
Net income: $0.2 mil
Quarterly Net income: -$0.4 mil
Pretax return on assets: 0.07% ($371.6 mil)
Quarterly Pretax return on assets: -0.45% (-$2,388.6 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)
Total employees (full-time equivalent)208
Total assets$530,805
Cash and due from depository institutions$28,881
Interest-bearing balances$20,628
Securities$54,005
Federal funds sold & reverse repurchase agreements$0
Net loans & leases$425,154
Loan loss allowance $5,536
Trading account assets$0
Bank premises and fixed assets$5,979
Other real estate owned$724
Goodwill and other intangibles$400
All other assets$15,662
Life insurance assets$530,805
Total liabilities and capital$478,589
Total liabilities$444,664
Total deposits$426,776
Interest-bearing deposits$444,664
Deposits held in domestic offices$96
% insured (estimated)0.00%
Federal funds purchased & repurchase agreements $0
Trading liabilities$29,600
Other borrowed funds $0
Subordinated debt $4,325
All other liabilities $52,216
Total equity capital$52,216
Total bank equity capital$52,216
Perpetual preferred stock$0
Common stock$37
Surplus$48,360
Undivided profits $3,819
Memoranda
Noncurrent loans and leases $0
Noncurrent loans that are wholly or partially guaranteed by the U.S. government $0
Income earned, not collected on loans $4,242
Earning assets $0
Long-term assets (5+ years) $1,591
Average Assets, year-to-date $499,787
Average Assets, quarterly $0
Volatile liabilities $556,280
Insider loans $533,681
FHLB advances $395,257
Loans and leases held for sale $532,280
Unused loan commitments $0
Tier 1 (core) risk-based capital $0
Tier 2 risk-based capital $53,900
Total risk weighted assets $0
Total unused commitments $0
Restructured Loans and leases $3,989
Derivatives$25
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Income and Expense (December 31, 2011)
(Dollar figures in thousands)
Total interest income $29,581
Total interest expense $8,142
Net interest income $21,439
Provision for loan and lease losses $5,805
Total noninterest income $2,338
Fiduciary activities $0
Service charges on deposit accounts $0
Trading account gains & fees $0
Additional noninterest income $2,338
Total noninterest expense $17,154
Salaries and employee benefits $8,482
Premises and equipment expense $3,585
Additional noninterest expense $5,087
Pre-tax net operating income $818
Securities gains (losses) -$447
Applicable income taxes $156
Income before extraordinary items $215
Extraordinary gains - net $0
Net income attributable to bank $215
Net charge-offs $0
Cash dividends $215
Sale, conversion, retirement of capital stock, net $4,046
Net operating income $0
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Performance and Condition Ratios (December 31, 2011)
(Dollar figures in thousands)
Performance Ratios (%, annualized)
Yield on earning assets5.64%
Cost of funding earning assets 1.55%
Net interest margin 4.09%
Noninterest income to earning assets 0.45%
Noninterest expense to earning assets 3.27%
Net operating income to assets 0.09%
Return on assets (ROA) 0.04%
Pretax return on assets 0.07%
Return on equity (ROE) 0.41%
Retained earnings to average equity (YTD only) 0.41%
Net charge-offs to loans 0.93%
Credit loss provision to net charge-offs 143.48%
Efficiency ratio1.64%
Assets per employee$70,749
Cash dividends to net income (YTD only)2.55%
Condition Ratios (%)
Loss allowance to loans 0.00%
Loss allowance to noncurrent loans 1.29%
Noncurrent assets plus other real estate owned to assets 130.50%
Noncurrent loans to loans 0.94%
Net loans and leases to deposits0.98%
Net loans and leases to core deposits 95.61%
Equity capital to assets 99.20%
Core capital (leverage) ratio 9.84%
Tier 1 risk-based capital ratio 10.13%
Total risk-based capital ratio 13.64%
Memoranda
Average assets$15
Average earning assets$556,280
Average equity $51,992
Average loans $524,432
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4 Michigan Branches as of April 05, 2012
NoIDNameAddressEstablishedService TypeMap
380570Rochester Hills Branch310 Tienken Road, Rochester Hills, MI 48306March 12, 1954Full Service Brick and Mortar
4290918Lake Orion Branch688 S Lapeer Rd., Lake Orion, MI 48362Febuary 04, 1992Full Service Brick and Mortar
5362675Lake Orion High School Branch495 East Scripps Road, Lake Orion, MI 48362January 15, 1997Limited Service Mobile
6362676Rochester Adams High School Branch3200 Tienken Rd., Rochester Hills, MI 48306January 15, 1997Limited Service Mobile
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8 Minnesota Branches as of April 05, 2012
NoIDNameAddressEstablishedService TypeMap
2190436Mankato Branch1901 Madison Ave E Suite 410, Mankato, MN 56001January 02, 1996Full Service Brick and Mortar
8492574Red Wing Branch295 Tyler Road S, Red Wing, MN 55066March 03, 2008Full Service Retail
18495203Hutchinson1300 Trunk Hwy 15 S, Hutchinson, MN 55350October 06, 2008Full Service Retail
19495204Faribault150 Western Ave, Faribault, MN 55021September 08, 2008Full Service Retail
27495213Oakdale Branch7035 10th Street N, Oakdale, MN 55128October 01, 2004Full Service Brick and Mortar
28495214Brooklyn Park8000 Lakeland Ave, Brooklyn Park, MN 55445July 30, 2008Full Service Retail
29495215Winona Branch955 Frontenac Drive, Winona, MN 55987November 30, 2008Full Service Retail
31522126Oak Park Heights Branch5815 Norell Ave N, Oak Park Heights, MN 55082July 13, 2009Full Service Retail
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16 Wisconsin Branches as of April 05, 2012
NoIDNameAddressEstablishedService TypeMap
0360330Citizens Community Federal2174 Eastridge Center, Eau Claire, WI 54701December 10, 2001Full Service Brick and Mortar
1251260Chippewa Falls Branch2786 Commercial Blvd, Chippewa Falls, WI 54729June 13, 1990Full Service Retail
9429751Fond Du Lac Bank Branch377 North Rollling Meadows Drive, Fond Du Lac, WI 54936May 26, 2004Full Service Retail
10438918Appleton Branch3701 E. Calumet Street, Appleton, WI 54915September 29, 2004Full Service Retail
11438919Oshkosh Branch351 S. Washburn Street, Oshkosh, WI 54904October 25, 2004Full Service Retail
14495199Gordys3310 E Hamilton Ave, Eau Claire, WI 54701December 11, 2001Full Service Retail
15495200Neenah1155 Winneconne Ave, Neenah, WI 54956April 22, 2009Full Service Retail
16495201Shawano1244 E Green Bay St, Shawano, WI 54166June 10, 2009Full Service Retail
17495202Wisconsin Dells130 Commerce Street, Wisconsin Dells, WI 53965August 04, 2008Full Service Retail
20495205Menomonie180 Cedar Falls Rd, Menomonie, WI 54751March 04, 2009Full Service Retail
21495206Cameron Branch2125 Cameron St, Eau Claire, WI 54703December 11, 2001Full Service Brick and Mortar
22495208Rice Lake2501 West Ave, Rice Lake, WI 54868May 01, 2002Full Service Retail
24495210Wisconsin Rapids4331 8th St S, Wisconsin Rapids, WI 54494May 27, 2009Full Service Retail
25495211Black River Falls Branch611 Hwy 54 East, Black River Falls, WI 54615May 27, 2009Full Service Retail
26495212Mondovi Branch695 E Main Street, Mondovi, WI 54755December 11, 2001Full Service Brick and Mortar
30522125Plover Branch250 Crossroads Drive, Plover, WI 54467July 27, 2009Full Service Retail
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