The Bank of New Glarus, Financial Information

AboutThe Bank of New Glarus

 Address:
501 First Street
New Glarus,WI
Green County,Wisconsin
 Established:
Oct 1893
 Number of domestic offices:
6
Total assets$363M
Net income$5M
Net income,quarterly$1M
Total deposits$294M
Domestic deposits$294M
Equity capital$41M
ROA1.38%
ROAQ,quarterly0.67%
ROA,pretax0.67%
ROAQ,quarterly,pretax0.85%
ROE12.14%
ROEQ,quarterly5.95%
UpdatedMay 20, 2021

Terms and Definitions

  • Domestic deposits
    The sum of all domestic deposits, including demand deposits, money market deposits and time deposits.
  • Equity capital
    Total equity capital (includes preferred and common stock, surplus and undivided profits).
  • ROA
    Return on assets, net income after taxes and extraordinary items (annualized) as a percent of average total assets.
  • ROE
    Return on equity, annualized net income as a percent of average equity on a consolidated basis.

The Bank of New Glarus was the first official bank in New Glarus located at 113 Sixth Avenue. Doors opened on October 30, 1893 with $12, 000 in opening capital. In 1910, the bank moved to 501 First Street, occupying a one-story concrete structure until 1969. The building was then torn down and the current Swiss style building was constructed. In 1977, the bank added a drive up facility on the corner of Railroad Street and Fifth Avenue. In April of 1995, the bank received a face-lift, with the entire exterior being painted.

The Bank of New Glarus is an independent bank providing financial guidance and solutions.

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