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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 1.68%, 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.

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

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%

Year to date, annualized, through each quarter.

MetricQ3 2024Q4 2024Q1 2025Q2 2025Q3 2025Q4 2025Q1 2026Q2 2026YoY ΔTrend
Earnings
Return on Assets2.11%2.10%1.86%1.82%1.81%1.76%1.69%1.68%-14 bps
Return on Equity24.49%24.21%20.97%20.48%20.48%19.96%19.35%19.17%-131 bps
Net Interest Margin4.50%4.54%4.11%4.21%4.11%4.15%3.84%3.94%-27 bps
Efficiency Ratio42.00%42.49%43.69%46.66%46.50%47.54%47.56%48.53%+187 bps
Non-Interest Burden1.74%1.80%1.68%1.86%1.80%1.87%1.72%1.80%-6 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%0.00%0.02%0.03%0.02%0.02%0.01%0.00%-3 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