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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 $1.9MQ3 2024Q2 2026
Deposit mix
84%Interest-bearing $469.2M16%Noninterest $89.8MQ3 2024Q2 2026

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 1.66%, down 13 bps year over year; NIM at 4.03%.
  • 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.

Return on Assets (quarter, annualized)

1.66%-13 bps YoY

Net Interest Margin (quarter, annualized)

4.03%-28 bps YoY

Efficiency Ratio (quarter, annualized)

49.45%-4 bps YoY

Tier 1 Leverage Ratio

8.74%-16 bps YoY

NIM

6.26%Q2 ’246.01%Q2 ’255.73%Q2 ’26-2%-7%

Non-interest income vs. expense

2.11%Q2 ’242.25%Q2 ’252.11%Q2 ’26+9%-8%

Discrete quarter, annualized.

MetricQ3 2024Q4 2024Q1 2025Q2 2025Q3 2025Q4 2025Q1 2026Q2 2026YoY ΔTrend
Earnings
Return on Assets2.21%2.02%1.86%1.79%1.81%1.59%1.69%1.66%-13 bps
Return on Equity25.48%23.22%20.97%20.02%20.50%18.18%19.35%19.01%-101 bps
Net Interest Margin4.48%4.55%4.11%4.32%4.16%4.21%3.84%4.03%-28 bps
Efficiency Ratio40.32%44.00%43.69%49.49%46.19%50.61%47.56%49.45%-4 bps
Non-Interest Burden1.67%1.94%1.68%2.04%1.80%2.03%1.72%1.88%-16 bps
Growth
Asset Growth (YoY)8.95%3.06%-0.68%0.38%1.42%1.06%5.70%5.31%+493 bps
Loan Growth (YoY)9.66%5.74%-0.86%1.34%2.84%2.78%7.10%6.22%+489 bps
Deposit Growth (YoY)16.77%1.38%0.63%1.04%2.56%5.13%6.18%7.02%+598 bps
Asset Quality
Nonperforming Loans / Loans0.36%0.32%0.35%0.22%0.21%0.19%0.14%0.22%0 bps
Net Charge-Offs / Loans0.00%0.01%0.02%0.05%0.00%0.01%0.01%0.00%-5 bps
Allowance / Loans0.87%0.85%0.89%0.86%0.87%0.91%0.84%0.84%-2 bps
Allowance Coverage of NPLs2.4x2.6x2.6x4.0x4.2x4.8x6.1x3.8x-0.1x
Capital
Tier 1 Leverage Ratio8.70%8.89%8.91%8.91%8.68%8.74%8.63%8.74%-16 bps
Total Risk-Based Capital13.77%13.66%14.50%13.69%13.49%13.58%13.40%13.21%-47 bps
Equity / Assets8.66%8.77%8.96%8.95%8.72%8.78%8.67%8.79%-16 bps
Liquidity & Funding
Loans / Deposits94.30%98.32%93.79%96.19%94.56%96.13%94.60%95.47%-72 bps
Liquid Assets / Assets24.64%18.82%24.60%22.76%24.20%23.03%25.91%23.29%+54 bps
CRE / Total Capitaln/an/an/an/a135.16%135.46%137.59%n/an/a