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
No
ID
Name
Address
Established
Service Type
Map
0
16208
Charter Bank Eau Claire
1010 West Clairemont Avenue, Eau Claire, WI 54701
June 19, 1980
Full Service Brick and Mortar
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