Citizens Community Bancorp, Inc., incorporated on June 27, 2006, is a bank holding company of Citizens Community Federal N.A. (the Bank). The Company is engaged in consumer, commercial and agricultural banking activities through the Bank. Through all of its branch locations in Wisconsin, Minnesota and Michigan, the Bank provides a range of commercial and consumer banking products and services to customers, including online and mobile banking options.
Lending Activities
The Company offers a range of loan products, including commercial loans, agricultural loans, residential mortgages, home equity lines-of-credit, commercial and industrial (C&I) loans and consumer loans. The Company focuses its lending activities on individual consumers and small commercial borrowers within its market areas. It offers loans with fixed and adjustable interest rates. As of September 30, 2016, the Company's fixed rate loans were $478,929 while adjustable rate loans were $95,319. Its residential real estate loans consist primarily of fixed-rate conventional home mortgages and home equity loans.
The Company's loan portfolio includes one- to four-family real estate loans and consumer loans secured by recreational collateral. As of September 30, 2016, the Company's one- to four-family real estate loans totaled $187,738. As of September 30, 2016, the Company's consumer loans secured by recreational collateral totaled $108,253. The Company's total gross outstanding loans, before net deferred loan costs, as of September 30, 2016, were $574,248, consisting of $187,738 in residential real estate loans, $152,853 in commercial or agricultural real estate loans, $188,009 in consumer non-real estate loans, and $45,648 in commercial or agricultural non-real estate loans.
Investment Activities
The Company's investment portfolio consists of securities available for sale and securities held to maturity. As of September 30, 2016, the Company's securities held to maturity were $6,669. As of September 30, 2016, the Company's securities available for sale were $80,123. The Company's available for sale securities include the United States Government agency obligations, obligations of states and political subdivisions, mortgage-backed securities, trust preferred securities and Federal Agricultural Mortgage Corporation. Its held to maturity securities include obligations of states and political subdivisions, and mortgage-backed securities.
Sources of Funds
The Company's primary sources of funds are deposits; amortization, prepayments and maturities of outstanding loans; other short-term investments, and funds provided from operations. The Company's additional sources of funds include Federal Home Loan Bank (FHLB) borrowings and lines of credit with the Federal Reserve Bank, US Bank, First Tennessee Bank, NA and Bankers' Bank. The Company offers non-interest bearing demand deposits, interest bearing demand deposits, savings accounts, money market accounts and certificate accounts. As of September 30, 2016, the Company's total deposits were $557,677. As of September 30, 2016, the Company's FHLB advances were $59,291.
2174 Eastridge Ctr
The company trades on NASDAQ exchange. The company headquarter is located in Wisconsin, WI. The company was established in the 1938.| Ticker | CZWI |
| Long Name | Citizens Community Bancorp, Inc. |
| Short Name | Citizens Community Bancorp |