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Overview / Commentary
715-832-4254
1010 West Clairemont Avenue
Eau Claire, WI 54701

Charter Bank Eau Claire is headquartered in Eau Claire and is the 32nd largest bank in the state of Wisconsin. It is also the 1,172nd largest bank in the nation. It was established in 1980 and as of March of 2014, it had grown to 57 employees at 1 location. Charter Bank Eau Claire's savings rates are 20X the national average, and it has a A health rating.

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Health

Data for Q1 2014

Institution Health

A

Texas Ratio

GRADE:
A+

The Texas Ratio is an indicator of how much capital a bank has available compared to the total value of loans considered at risk. As of March 31, 2014 Charter Bank Eau Claire had $5.81 million in non-current loans and owned real-estate with $86.89 million in equity and loan loss allowances on hand to cover it. This gives Charter Bank Eau Claire a Texas Ratio of 6.69% which is excellent. Any bank with a Texas Ratio near or greater than 100% is considered at risk.

Texas Ratio Trend

GRADE:
C+

The Texas Ratio for Charter Bank Eau Claire experienced no significant changes from 5.17% as of March 31, 2013 to 6.69% as of March 31, 2014, resulting in a negative change of 29.40%. This indicates that the balance sheet and financial strength for Charter Bank Eau Claire has had no significant changes in recent periods.

Deposit Growth

GRADE:
B

In the past year, Charter Bank Eau Claire has increased its total deposits by $3.4 million, resulting in 0.73% growth for the year. A strong track record of growth is an indicator of consumer confidence and the bank's ability to strengthen its balance sheet. The growth Charter Bank Eau Claire has shown is above average.

Capitalization

GRADE:
A+

Both FDIC and NCUA consider capitalization levels of banks and credit unions to be of high importance. Higher capitalization allows for a greater buffer when cover loans that may fail in the future. Charter Bank Eau Claire has $568.92 million in assets with $86.89 million in equity, resulting in a capitalization level of 15.27%, which is excellent.

Institution Statistics

Overall
FDIC Certificate #23137
Year Established1980
Employees57
Primary RegulatorFDIC
Assets and Liabilities
Assets$568.92 million
Loans$369.79 million
Deposits$466.78 million
Equity Capital$76.56 million
Loan Loss Allowance$10.32 million
Unbacked Noncurrent Loans$4.98 million
Real Estate Owned$830,000
Historic Data - March 2013
Assets$565.17 million
Equity Capital$81.56 million
Loan Loss Allowance$11.02 million
Unbacked Noncurrent Loans$4.98 million
Real Estate Owned$978,000
Profit Margin - Quarterly
Net Interest Margin4.26%
Return on Assets2.71%
Return on Equity20.74%
Interest Income$6.42 million
Rates

Always verify rates and promotions with the bank or credit union. We are not Charter Bank Eau Claire, we are a rate comparison website and can not provide official rates or promotions.

Charter Bank Eau Claire Savings Account Rates

DetailsAPYMINMAXPRODUCT
10.38%-$250College Fund
0.50%$200-Business Statement Savings
0.50%$200-Statement Savings
0.50%$25-Youth Savings

Charter Bank Eau Claire Money Market Rates

DetailsAPYMINMAXPRODUCT
0.55%$10k-Money Market
0.55%$10k-Business Money Market

Charter Bank Eau Claire Checking Account Rates

DetailsAPYMINMAXPRODUCT
0.25%$10k-Premium Gold Checking
0.10%--Gold Checking

Charter Bank Eau Claire CD Rates

DetailsAPYMINMAXPRODUCT
1.10%$1k-Business 3 Year CD
1.10%$1k-3 Year CD
0.80%$1k-Business 2 Year CD
0.80%$1k-2 Year CD
0.70%$1k-Business 18 Month CD
0.70%$1k-18 Month CD
0.65%$1k-Business 6 Month CD
0.65%$1k-Business 1 Year CD
0.65%$1k-6 Month CD
0.65%$1k-1 Year CD

Charter Bank Eau Claire IRA Rates

DetailsAPYMINMAXPRODUCT
1.00%$100-2 1/2 Year IRA
0.65%$100-1 Year IRA
0.65%$100-18 Month IRA
0.65%$100-18 Month Variable IRA
Locations


Charter Bank Eau Claire Locations
Charter Bank Eau Claire1010 West Clairemont AvenueEau Claire, WI 54701