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608-527-5205
501 First Street
New Glarus, WI 53574

The Bank of New Glarus is headquartered in New Glarus and is the 96th largest bank in the state of Wisconsin. It is also the 2,825th largest bank in the nation. It was established in 1893 and as of December of 2013, it had grown to 58 employees at 6 locations. The Bank of New Glarus has a A+ health rating.

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Health

Data for Q4 2013

Institution Health

A+

Texas Ratio

GRADE:
A+

The Texas Ratio is an indicator of how much funds a bank has available compared to the total value of loans considered at risk. As of December 31, 2013 The Bank of New Glarus had $1.9 million in non-current loans and owned real-estate with $25.47 million in equity and loan loss allowances on hand to cover it. This gives The Bank of New Glarus a Texas Ratio of 7.45% which is excellent. Any bank with a Texas Ratio near or greater than 100% is considered at risk.

Texas Ratio Trend

GRADE:
B+

The Texas Ratio for The Bank of New Glarus decreased slightly from 10.47% as of December 31, 2012 to 7.45% as of December 31, 2013, resulting in a positive change of 28.88%.This indicates that the balance sheet and financial strength for The Bank of New Glarus has improved slightly in recent periods.

Deposit Growth

GRADE:
A

In the past year, The Bank of New Glarus has increased its total deposits by $7.9 million, resulting in 4.65% 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 The Bank of New Glarus has shown is excellent.

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. The Bank of New Glarus has $220.27 million in assets with $25.47 million in equity, resulting in a capitalization level of 11.56%, which is excellent.

Institution Statistics

Overall
FDIC Certificate #10378
Year Established1893
Employees58
Primary RegulatorFDIC
Assets and Liabilities
Assets$220.27 million
Loans$152.78 million
Deposits$177.87 million
Equity Capital$22.37 million
Loan Loss Allowance$3.11 million
Unbacked Noncurrent Loans$1.88 million
Real Estate Owned$15,000
Historic Data - December 2012
Assets$210.51 million
Equity Capital$21.96 million
Loan Loss Allowance$2.97 million
Unbacked Noncurrent Loans$1.88 million
Real Estate Owned$188,000
Profit Margin - Quarterly
Net Interest Margin3.87%
Return on Assets0.91%
Return on Equity8.71%
Interest Income$8.62 million
Rates
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The Bank of New Glarus Checking Account Rates

DetailsAPYMINMAXPRODUCT
0.14%$35k-Right NOW Checking

The Bank of New Glarus CD Rates

DetailsAPYMINMAXPRODUCT
1.00%$2k-5 Year CD
0.73%$2k-4 Year CD
0.53%$2k-3 Year CD
0.40%$2k-2 Year CD
0.24%$2k-18 Month CD
0.22%$2k-1 Year CD
0.15%$2k-6 Month CD

The Bank of New Glarus IRA Rates

DetailsAPYMINMAXPRODUCT
1.00%$2k-5 Year IRA CD (Traditional,Roth,CESA)
0.73%$2k-4 Year IRA CD (Traditional,Roth,CESA)
0.53%$2k-3 Year IRA CD (Traditional,Roth,CESA)
0.40%$2k-2 Year IRA CD (Traditional,Roth,CESA)
0.24%$2k-18 Month IRA CD (Traditional,Roth,CESA)
0.22%$2k-1 Year IRA CD (Traditional,Roth,CESA)
0.15%$2k-6 Month IRA CD (Traditional,Roth,CESA)
Locations


The Bank of New Glarus Locations
New Glarus Branch1101 Hwy 69New Glarus, WI 53574
Belleville Branch12 North Shore DriveBelleville, WI 53508
Brodhead Branch2006 First Center AvenueBrodhead, WI 53520
Juda Branch201 Main StreetJuda, WI 53550
Monroe Wi Branch250 North 18th AvenueMonroe, WI 53566
The Bank Of New Glarus501 First StreetNew Glarus, WI 53574