# CHARTER BANK
EAU CLAIRE, WI · FDIC certificate 23137 · asset band $1-10B · latest filing 2022-06 · stopped filing (departed)

**Verdict on the desk:** this could be *ordinary*. Composite score 0 (one point per flag, capital below 5% counted twice; 7 or more is where departures cluster).

## What the filing shows (filed dollars, derived ratios; band percentiles in parentheses)

| Measure | Value | Band median |
|---|---|---|
| Total assets | $1.14B | |
| Deposits | $879.0M | |
| Loans and leases | $832.3M | |
| Total equity | $103.1M | |
| Loans / deposits | 93.71% (p83 of band) | 76.25% |
| Liquid assets / assets | 22.74% (p37 of band) | |
| Uninsured deposits / deposits | 38.67% (p62 of band) | 32.79% |
| Brokered deposits | 0.15% | |
| Wholesale funding | 13.45% (p86 of band) | |
| FHLB advances / assets | 13.30% | |
| Tier 1 leverage | 10.08% (p62 of band) | 9.64% |
| Unrealized securities loss / equity | -13.61% (p62 of band) | -18.54% |
| AOCI / equity | -18.97% (p31 of band) | |
| ROA (annualized) | 1.79% (p91 of band) | 1.09% |
| Net interest margin | 3.49% (p74 of band) | 3.20% |
| Efficiency ratio | 46.81% (p13 of band) | |
| Noncurrent loans | 0.53% (p71 of band) | 0.28% |
| Net charge-offs (annualized) | 0.00% (p28 of band) | |
| Reserve coverage of noncurrent | 193.71% | |
| Real estate % of loans | 83% | |
| Construction % of loans | 88.47% (p76 of band) | |
| Auto loans | $1.6M (0.19% of loans; DQ 0.51%, NCO 0.00%) | |
| Loans to nondepository financials | $0 (0% of equity) (p37 of band) | |
| Deposits YoY | 5.2% | |
| Employees | 101 | |

## Flags firing in the latest filing

- none

## Warning timeline

| Quarter | Score | Flags that first fired | Flags that cleared |
|---|---|---|---|
| 2011-03 | 3 | brokered >10%, wholesale funding >15%, reserve under noncurrent |  |
| 2011-06 | 2 |  | reserve under noncurrent |
| 2011-09 | 2 |  |  |
| 2011-12 | 2 |  |  |
| 2012-03 | 1 |  | brokered >10% |
| 2012-06 | 1 |  |  |
| 2012-09 | 0 |  | wholesale funding >15% |
| 2012-12 | 0 |  |  |
| 2013-03 | 0 |  |  |
| 2013-06 | 0 |  |  |
| 2013-09 | 0 |  |  |
| 2013-12 | 1 | capital falling |  |
| 2014-03 | 0 |  | capital falling |
| 2014-06 | 0 |  |  |
| 2014-09 | 2 | brokered >10%, capital falling |  |
| 2014-12 | 2 |  |  |
| 2015-03 | 0 |  | brokered >10%, capital falling |
| 2015-06 | 0 |  |  |
| 2015-09 | 0 |  |  |
| 2015-12 | 2 | brokered >10%, capital falling |  |
| 2016-03 | 2 | wholesale funding >15% | capital falling |
| 2016-06 | 1 |  | brokered >10% |
| 2016-09 | 2 | brokered >10% |  |
| 2016-12 | 2 |  |  |
| 2017-03 | 2 |  |  |
| 2017-06 | 3 | uninsured deposits leaving |  |
| 2017-09 | 3 |  |  |
| 2017-12 | 0 |  | wholesale funding >15%, brokered >10%, uninsured deposits leaving |
| 2018-03 | 2 | brokered >10%, wholesale funding >15% |  |
| 2018-06 | 2 |  |  |
| 2018-09 | 1 |  | brokered >10% |
| 2018-12 | 1 |  |  |
| 2019-03 | 1 |  |  |
| 2019-06 | 0 |  | wholesale funding >15% |
| 2019-09 | 1 | wholesale funding >15% |  |
| 2019-12 | 3 | capital falling, deposits shrinking |  |
| 2020-03 | 4 | loans exceed deposits |  |
| 2020-06 | 2 |  | deposits shrinking, loans exceed deposits |
| 2020-09 | 2 |  |  |
| 2020-12 | 2 |  |  |
| 2021-03 | 1 |  | wholesale funding >15% |
| 2021-06 | 1 |  |  |
| 2021-09 | 0 |  | capital falling |
| 2021-12 | 0 |  |  |
| 2022-03 | 1 | capital falling |  |
| 2022-06 | 0 |  | capital falling |

## In the news (Google News, unfiltered, newest first; check the city)

- 2022-03-30 [Nicolet Bankshares, Inc. Continues Strategic Growth with Acquisition of Charter Bankshares, Inc. - PR Newswire](https://news.google.com/rss/articles/CBMi4gFBVV95cUxPZG1IYmZ5VlZVZVVtZjN2RnRIeExDR3FHazd2YWdPMmZrbU4xV0JuN01mOXV4eEJodGNyWmxFSWxEcDVpdTNER2FSOWpwN0FBZURvUGNNaUNreXFKcFZOc0JnM0I1V3RvMU55RXV6Nml2emNVeDRjdzJWSDlIeEdrMEdPR1BCeHJWYWc5dTgzUmhwaDdVSWVNZ09JbVZDVnpsTWp3bWpHLUFPb2ZwRUVoX1BuLUxaTExlbTRTeHpJZEtYb25NWjQ4a1F1NUVtRGxOT2pZVGllZkJyOUQ1RGJoUjlB?oc=5) · PR Newswire
- 2022-04-07 [Charter Bank to Merge with Nicolet Bank - Volume One](https://news.google.com/rss/articles/CBMikgFBVV95cUxNRG1KUTJLaGxHOGh6eHVhVTVBRkc5WGJ4N2w4eml0cW1GMS0zVUIwRktYUk5aeG45bVFFNlhVa2hvcGtxejAwZlFwX0VickhQSjVrRXB2STJPTHY3a0oxWm5RU0ViSnN4NTA3cUlENW51amFQS1E0dmxMSGQ0Vkw0ZXk0WVFhWDhFSXFuSzFMTTFmZw?oc=5) · Volume One
- 2025-02-07 [Charter merges with Nicolet - Pioneer Press](https://news.google.com/rss/articles/CBMidEFVX3lxTE5TaTB2SHNqdXZlWktGbkF1Zzh3WmtlYnFDbjg1YmNONk9XRFhIM2ZFY1BsdkZ0M3RITVljSjJkd2M0QzNELWd5blVKOXdnZC1SeVZzR1JvajJkcVluQU9ycU9YWjJtUHdhaUhiQW9QZ09TdnQy?oc=5) · Pioneer Press
- 2022-03-30 [Nicolet Bank expands into Eau Claire and Minnesota with acquisition of Charter Bank - Green Bay Press-Gazette](https://news.google.com/rss/articles/CBMi1AFBVV95cUxOTzFhLUNRS3VJbm9nY2c2X2l6LWRWT1lxZTlQTWRiVzJMQ3BaZWJENkRqLWlucUcybk5UOEktQ01mc2pQSnVOc255bHppVWRVN1A4YldQeTJwYS1CbTdpQTZHQ2Q5Mko5S3QySlpTNFlnZHNxemdocktYTTZ5WV9CUmhjQXQtb1lZaG9IZVdBNWZRSXRrWFBma2hHYnk5NWVUMjcxcmdYclJPcmtXaGItSEpudUt5U2NRcWthU2ViUmV2VDRydmhUc1hwTG80WU5WM1ltSg?oc=5) · Green Bay Press-Gazette
- 2026-02-18 [List Of Failed Banks: 2009-2026 - Bankrate](https://news.google.com/rss/articles/CBMiZEFVX3lxTFAtbi1TaWMteGEyOHdQbnlXd0tPRzM2WFJQZjdPdzViQTZFLVVHODJRTEdqRWhnMkxIOG5xMUVSWU5iNHZSbVpnQ2Z4TWdiMDVwN2NTdUNGd3dXZ2tGcGZ2VWVJRnM?oc=5) · Bankrate
- 2020-12-29 [Troy L. Johnson Obituary Dec 29, 2020 - Downs Life Celebration Center - Downs Life Celebration Center](https://news.google.com/rss/articles/CBMiW0FVX3lxTE5VVkpwLWF2aTdLQXJBUk5VaG9peFVkNFpHbUVSZ2tMUUpiSGJSWXd0RHRRd255bENiWG1Bc0lnTGlqTlBTSWpIcmVoaHJsdHVGTHBkbVFhWE00YUk?oc=5) · Downs Life Celebration Center
- 2025-12-30 [Nicolet National Bank to target small businesses in Twin Cities expansion following $864M acquisition - The Business Journals](https://news.google.com/rss/articles/CBMipgFBVV95cUxPSklyNEppN3VOZXJWZE94WmJGRWM4N1FTMHhsaVQ5dVlNYjBvWl9waHBseVR2WThwUWRPWUhvYTBYSEJMVHJ6MV9iZWRLaHVGX0pMRnlmQ05qTU9VWTllS0tpNURBYVZZcXFHTW1QRkRpR1pOWEZiVEt2RlRFZUlmRzJmTm5QblU1QU1RekhkUFBYZmRNQnBrMFJrWHpJWjlOamNCeU93?oc=5) · The Business Journals
- 2019-07-24 [Over 40 Years, Charter Bank Has Gone from Start-Up Bank to Market Leader - Volume One](https://news.google.com/rss/articles/CBMirwFBVV95cUxORThXbU1STEwzYktUejF6RDZYYmxMdl9TS2NzNEJHU0N5OXQ2YWMycFpDOHkxQWg0cHdNS255V3NCYUw1T0lDaVhJSHVMUnFpWVNXWlJlRG10d25LZy1xVXc2QklZU1R0b1JIQXZEczFQQWo0MVVXMmR4cUV5Yi1EUHRMcmdnN0RCbUZVcXotdEhqbnFjdGE2S252WkViZTB2NldSaWpoanNjMEg3QzE4?oc=5) · Volume One

## How to verify

- Page: https://getbookiq.com/bank-desk/#bank=23137 (click any number for its formula and FFIEC field codes)
- Latest row, JSON: https://getbookiq.com/bank-desk/data/summary.json · history: https://getbookiq.com/bank-desk/data/h/33.json (key "23137", columns cycle, ASSET, DEP, LNLSGR, EQTOT, ltd, liquid_pct, unins_pct, lev, aoci_pct_eq, sec_loss_eq, roa, nim, eff, nc_pct, nco_pct, LNAUTO, auto_dq, auto_nco, LNNDEPD, ndfi_eq, wholesale_pct, dep_yoy, score, flags)
- Field definitions: https://getbookiq.com/dictionary/#bank-LNNDEPD and the rest of the bank dictionary
- Source: FDIC call report via BankFind, dollars in thousands as filed. Departed means stopped filing, which is usually a merger; FAILED is the FDIC's own list.

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