The Bank Of New Glarus is a commercial bank, state charter and fed nonmember, supervised by the fdic. established in 10/30/1893.
With assets of $467.17 Million, it operates 8 domestic branches.
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Community Reinvestment Act (CRA) Rating
Latest Exam: April 1, 2024
Outstanding
What is CRA? The Community Reinvestment Act (CRA) is a federal law that encourages banks to help meet the credit needs of the communities in which they operate, including low- and moderate-income neighborhoods.
Rating History
April 1, 2024
Outstanding
February 1, 2023
Needs to Improve
January 1, 2020
Satisfactory
March 1, 2017
Satisfactory
July 1, 2011
Satisfactory
November 1, 2006
Satisfactory
March 1, 2002
Satisfactory
December 1, 1997
Satisfactory
May 1, 1995
Outstanding
January 1, 1993
Outstanding
March 1, 1991
Satisfactory
💰 Financial Strength
Total Assets$467.17 Million
Total Deposits$388.67 Million
Equity Capital$33.66 Million
Net Income$3.25 Million
📈 Performance
ROA0.97%
ROE12.52%
Financial Terms: ROA (Return on Assets): Measures profitability relative to size. 1.0%+ is good. ROE (Return on Equity): Measures profitability for shareholders. 10%+ is strong.