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Chippewa Valley Bank

Hayward, WI · Cert 12322 · Chippewa Valley Agency Ltd.

State charter, non-member · FDIC · 13 branches

Q2 2026

Board Package

Performance Trends and Peer Comparison

Part 1Performance Trends, own institution only2
Part 2Peer Comparison, banks under $1B in assets in WI3

Basis

Quarter: Q2 2026, the quarter ended June 30, 2026, on both parts.

Income statement: year to date as filed, annualized, on both parts.

Balance sheet: as filed at quarter end.

Peer group

Banks under $1B in assets in WI (n=110 to 113). Each measure ranks only the institutions that reported it, so n varies by measure.

Peer groups below the disclosure floor are suppressed.

Peer standing

Capital

33

Q2 2024Q2 2026peer median (50)

Asset Quality

46

Q2 2024Q2 2026peer median (50)

Profitability

84

Q2 2024Q2 2026peer median (50)

Liquidity

56

Q2 2024Q2 2026peer median

Efficiency

82

Q2 2024Q2 2026peer median (50)

Growth

No peer data yet

Capital, Asset Quality, Profitability, Efficiency: higher is always a stronger peer standing (▲ better, ▼ worse). Liquidity, Growth: the score reflects closeness to the peer median -- 100 is sitting exactly at the median, falling the same way whether the bank runs above or below it.

Source: FFIEC Call Report (031/041/051), as filed. Dollar figures derived from reported amounts in thousands. Ratios computed by CallReports.ai using published regulatory formulas.

CallReports · callreports.ai · Board PackageGenerated 2026-10-11

Chippewa Valley Bank

Hayward, WI · Cert 12322 · Chippewa Valley Agency Ltd.

State charter, non-member · FDIC · 13 branches

Q2 2026

$735.8MAssets
$533.7MLoans
$559.0MDeposits
$64.6MEquity
Loan mix
73%RE $191.7M26%C&I $69.5M1%Consumer $1.9MQ2 2025Q2 2026
Deposit mix
84%Interest-bearing $469.2M16%Noninterest $89.8MQ2 2025Q2 2026

NIM

6.29%Q2 ’245.98%Q2 ’255.64%Q2 ’26-7%-6%

Non-interest income vs. expense

2.08%Q2 ’242.07%Q2 ’252.02%Q2 ’26+4%-3%

Market Position · Duluth, MN-WI · 2026 SOD (annual) · 0.7% share · #18 of 26 inst. · $0.0B of $6.6B

40.7% Rusk
18.5% Sawyer
22.3% Bayfield
9.2% Vilas

Executive Summary

  • Earnings: ROA of 1.68%, down 14 bps year over year; NIM at 3.94%.
  • Asset quality: problem loans at 0.22% of loans (0 bps YoY), with net charge-offs at 0.00%.
  • Capital: tier 1 leverage ratio of 8.74%, down 16 bps from a year ago.
  • Funding: loans stand at 95.47% of deposits as of Q2 2026.

Financial Results

Return on Assets (YTD, annualized)

1.68%-14 bps YoY

Net Interest Margin (YTD, annualized)

3.94%-27 bps YoY

Efficiency Ratio (YTD, annualized)

48.53%+187 bps YoY

Tier 1 Leverage Ratio

8.74%-16 bps YoY

Year to date, annualized, through each quarter.

MetricQ2 2025Q3 2025Q4 2025Q1 2026Q2 2026YoY ΔTrend
Earnings
Return on Assets1.82%1.81%1.76%1.69%1.68%-14 bps
Return on Equity20.48%20.48%19.96%19.35%19.17%-131 bps
Net Interest Margin4.21%4.11%4.15%3.84%3.94%-27 bps
Efficiency Ratio46.66%46.50%47.54%47.56%48.53%+187 bps
Non-Interest Burden1.86%1.80%1.87%1.72%1.80%-6 bps
Growth
Asset Growth (YoY)0.38%1.42%1.06%5.70%5.31%+493 bps
Loan Growth (YoY)1.34%2.84%2.78%7.10%6.22%+489 bps
Deposit Growth (YoY)1.04%2.56%5.13%6.18%7.02%+598 bps
Asset Quality
Nonperforming Loans / Loans0.22%0.21%0.19%0.14%0.22%0 bps
Net Charge-Offs / Loans0.03%0.02%0.02%0.01%0.00%-3 bps
Allowance / Loans0.86%0.87%0.91%0.84%0.84%-2 bps
Allowance Coverage of NPLs4.0x4.2x4.8x6.1x3.8x-0.1x
Capital
Tier 1 Leverage Ratio8.91%8.68%8.74%8.63%8.74%-16 bps
Total Risk-Based Capital13.69%13.49%13.58%13.40%13.21%-47 bps
Equity / Assets8.95%8.72%8.78%8.67%8.79%-16 bps
Liquidity & Funding
Loans / Deposits96.19%94.56%96.13%94.60%95.47%-72 bps
Liquid Assets / Assets22.76%24.20%23.03%25.91%23.29%+54 bps
CRE / Total Capitaln/a135.16%135.46%137.59%n/an/a

Source: FFIEC Call Report (031/041/051), as filed. Dollar figures derived from reported amounts in thousands. Ratios computed by CallReports.ai using published regulatory formulas. Income-statement figures are year-to-date as filed, annualized (the UBPR convention). Each quarter includes the ones before it.

CallReports · callreports.ai· Performance TrendsGenerated 2026-10-11

Chippewa Valley Bank

Hayward, WI · Cert 12322 · Peer group: banks under $1B in assets in WI (n=110-113) · Chippewa Valley Agency Ltd.

State charter, non-member · FDIC · 13 branches

Q2 2026

$735.8MAssets
$533.7MLoans
$559.0MDeposits
$64.6MEquity

Executive Summary

  • Strongest standing: return on equity outperforms 94% of banks under $1B in assets in WI (rank 7 of 113).
  • Widest gap: equity / assets trails 82% of banks under $1B in assets in WI (rank 93 of 113).
  • Overall: at or above the peer median on 5 of 9 directional measures.

Return on Assets

1.66%

Rank 20 of 113

Net Interest Margin

3.94%

Rank 27 of 113

Efficiency Ratio

48.60%

Rank 21 of 113

Equity / Assets

8.79%

Rank 93 of 113

Non-interest income vs. expense

$1.6M$14.9MINCOMEEXPENSE
Unfavorable gap of $13.2M · efficiency ratio beats 82% of banks under $1B in assets in WI
Bank 48.60%Peer median 62.4%Q3 2024Q2 2026Shaded: peer 25th to 75th percentile
MetricYour BankPeer 25thPeer MedianPeer 75thStandingRankPeer Position
Earnings
Return on Assets1.66%0.85%1.17%1.51%Beats 82%20 / 113
Return on Equity18.91%7.70%10.77%13.67%Beats 94%7 / 113
Net Interest Margin3.94%3.19%3.59%3.89%Beats 76%27 / 113
Efficiency Ratio48.60%54.61%62.43%71.88%Beats 82%21 / 113
Asset Quality
Nonperforming Loans / Loans0.22%0.03%0.24%0.91%Beats 52%54 / 110
Net Charge-Offs / Loans0.00%n/a0.00%0.01%Beats 39%68 / 110
Capital
Tier 1 Capital Ratio12.30%11.22%12.95%15.76%Beats 39%69 / 113
Total Risk-Based Capital Ratio13.21%11.57%13.59%16.73%Beats 43%64 / 113
Equity / Assets8.79%9.17%10.74%13.13%Beats 18%93 / 113
Liquidity & Funding
Loans / Deposits95.47%76.54%86.37%98.93%70th pctl34 / 112
Loans / Assets72.53%63.07%71.33%78.84%52nd pctl54 / 113
Brokered Deposits / Depositsn/aNot reported for this institution