Citizens Community Bancorp, Inc. (CZWI): History, Ownership, Mission, How It Works & Makes Money

Ever wondered how community banks like Citizens Community Bancorp, Inc. (CZWI) operate and generate revenue while serving local businesses, agricultural operators, and consumers? This bank holding company, with its roots dating back to 1938, provides traditional banking services across Wisconsin and Minnesota, recently reporting $0.27 earnings per share for the fourth quarter of 2024 and $1.34 for the entire year. Keep reading to explore CZWI's history, ownership structure, mission, and the mechanics of its business model.

Citizens Community Bancorp, Inc. (CZWI) History

Citizens Community Bancorp, Inc. Founding Timeline

Year established

Citizens Community Bancorp, Inc. was established in 1974.

Original location

The company is headquartered in Altoona, Wisconsin.

Founding team members

Information regarding the specific founding team members is not readily available in the provided search results.

Initial capital/funding

Details about the initial capital or funding of Citizens Community Bancorp, Inc. at its founding are not available in the search results.

Citizens Community Bancorp, Inc. Evolution Milestones

Citizens Community Bancorp, Inc. Transformative Moments

• Strategic Acquisitions: The acquisition of Chippewa Valley Bank in 2017 was a transformative moment, significantly expanding the bank's footprint in Wisconsin.
• Digital Transformation: The focus on digital transformation initiatives enhanced customer experience and operational efficiency through technology investments.
• Service Diversification: Expanding services to include wealth management and investment advisory diversified revenue streams and provided a broader range of financial solutions to clients.
• Financial Performance: Consistently strong financial performance, including record earnings in 2022, underscored the effectiveness of the bank's strategic initiatives and management.

Explore more about the company's guiding principles: Mission Statement, Vision, & Core Values of Citizens Community Bancorp, Inc. (CZWI).

Citizens Community Bancorp, Inc. (CZWI) Ownership Structure

Citizens Community Bancorp, Inc. exhibits a mixed ownership structure, featuring a combination of institutional, mutual fund, and retail investors. Understanding this structure is key to grasping the dynamics influencing the company's decisions.

Citizens Community Bancorp, Inc.'s Current Status

Citizens Community Bancorp, Inc. is a publicly traded company, meaning its shares are available for purchase on the open market. This allows a broad range of investors to own a portion of the company. For a deeper dive into the company's financial standing, you can explore: Breaking Down Citizens Community Bancorp, Inc. (CZWI) Financial Health: Key Insights for Investors.

Citizens Community Bancorp, Inc.'s Ownership Breakdown

The ownership of Citizens Community Bancorp, Inc. is distributed among various types of shareholders. Here's a breakdown:

Citizens Community Bancorp, Inc.'s Leadership

The leadership team plays a crucial role in guiding Citizens Community Bancorp, Inc.'s strategic direction and operational execution. Key members include:

• Stephen M. Renier: President and Chief Executive Officer
• Wayne A. Bushaw: Executive Vice President and Chief Financial Officer
• Todd D. Feltz: Executive Vice President - Commercial Banking
• Daniel J. Peterson: Executive Vice President - Retail Banking
• Timothy J. Van Grinsven: Executive Vice President and Chief Credit Officer

These individuals, along with other members of the executive team and board of directors, are responsible for the overall management and performance of Citizens Community Bancorp, Inc.

Citizens Community Bancorp, Inc. (CZWI) Mission and Values

Citizens Community Bancorp, Inc. aims to serve its customers and communities while upholding its core values. These values guide the company's operations and culture.

Citizens Community Bancorp, Inc.'s Core Purpose

Official mission statement

Citizens Community Bancorp, Inc. does not have a formal, publicly declared mission statement. However, information suggests a focus on community banking and customer service.

Vision statement

Similar to its mission statement, Citizens Community Bancorp, Inc. doesn't have an explicitly published vision statement. Nevertheless, the company's actions and priorities suggest a forward-looking approach centered on sustainable growth and community development.

Company slogan/tagline

Citizens Community Bancorp, Inc. does not have a widely recognized or actively promoted slogan or tagline. The absence of a formal slogan suggests the company relies more on its reputation and service quality to define its brand.

For more insights into the company's financial standing, check out: Breaking Down Citizens Community Bancorp, Inc. (CZWI) Financial Health: Key Insights for Investors

Citizens Community Bancorp, Inc. (CZWI) How It Works

Citizens Community Bancorp, Inc. operates as the holding company for Citizens Community Federal N.A., providing a range of financial services to individuals, businesses, and agricultural clients.

Citizens Community Bancorp's Product/Service Portfolio

Citizens Community Bancorp's Operational Framework

Citizens Community Bancorp operates through a community banking model, focusing on building strong relationships with its customers and local communities. Key aspects of its operational framework include:

• Deposit Gathering: Attracting deposits from individuals and businesses through various checking, savings, and money market accounts. These deposits form a primary funding source for lending activities.
• Loan Origination: Evaluating loan applications and originating loans to qualified borrowers, balancing risk and return. This includes commercial, personal, and agricultural loans, each with specific underwriting criteria.
• Credit Risk Management: Monitoring loan portfolios and managing credit risk through diligent underwriting, collateral management, and proactive problem loan resolution.
• Customer Relationship Management: Providing personalized customer service and building long-term relationships to enhance customer loyalty and cross-selling opportunities.
• Investment Management: Managing an investment portfolio to generate income and manage interest rate risk, adhering to regulatory guidelines and internal policies.
• Community Involvement: Supporting local communities through sponsorships, donations, and employee volunteerism to enhance the company's reputation and foster goodwill.

For more insights into the ownership and investment aspects, explore: Exploring Citizens Community Bancorp, Inc. (CZWI) Investor Profile: Who’s Buying and Why?

Citizens Community Bancorp's Strategic Advantages

Citizens Community Bancorp maintains several strategic advantages that support its competitive position:

• Community Focus: Strong local presence and deep community ties, enabling personalized service and customer loyalty.
• Experienced Management Team: A seasoned leadership team with extensive banking experience, guiding the company's strategic direction and operational execution.
• Diversified Loan Portfolio: A balanced mix of commercial, personal, and agricultural loans, mitigating risk and providing multiple revenue streams.
• Sound Asset Quality: Maintaining strong asset quality through disciplined underwriting and proactive risk management.
• Technological Investments: Investing in technology to enhance operational efficiency, improve customer service, and offer competitive products and services.
• Efficient Operations: Focus on operational efficiency to control costs and improve profitability. For the fiscal year 2024, the efficiency ratio was approximately 65%, reflecting effective cost management.

Citizens Community Bancorp, Inc. (CZWI) How It Makes Money

Citizens Community Bancorp, Inc. primarily generates revenue through traditional banking activities, such as taking deposits and originating loans.

Citizens Community Bancorp, Inc.'s Revenue Breakdown

As the most recent data is from the fiscal year 2024, the following revenue breakdown reflects that period.

Citizens Community Bancorp, Inc.'s Business Economics

Citizens Community Bancorp, Inc.'s business economics are driven by a few key factors:

• Net Interest Margin (NIM): This is a critical profitability metric, representing the difference between the interest income generated from loans and the interest paid on deposits. A higher NIM indicates better profitability.
• Loan Portfolio Composition: The types of loans (e.g., commercial, residential, agricultural) and their associated risk levels significantly impact revenue and potential losses.
• Deposit Base: A strong base of low-cost deposits helps to fund lending activities at a lower cost, boosting profitability.
• Operating Efficiency: Managing operational costs effectively, including salaries, technology, and real estate, is crucial for maintaining a healthy bottom line.
• Credit Quality: Maintaining high credit quality in the loan portfolio minimizes losses from defaults and foreclosures.

For insights into the company's guiding principles, refer to Mission Statement, Vision, & Core Values of Citizens Community Bancorp, Inc. (CZWI).

Citizens Community Bancorp, Inc.'s Financial Performance

Key aspects of Citizens Community Bancorp, Inc.'s financial performance include:

• Revenue Growth: Consistent growth in both interest and non-interest income streams is vital. Interest income growth depends on loan demand and interest rates, while non-interest income can be boosted by fees from services like wealth management and insurance.
• Profitability: Key metrics include Return on Assets (ROA) and Return on Equity (ROE). A healthy ROA (above 1%) and ROE (above 10%) indicate effective management and profitability.
• Asset Quality: Monitoring non-performing assets (NPAs) and the allowance for loan losses is essential. Low levels of NPAs and an adequate allowance suggest a strong balance sheet.
• Capital Adequacy: Maintaining sufficient capital ratios (Tier 1, Total Capital) ensures the bank can absorb unexpected losses and continue lending. Regulatory requirements typically mandate specific minimum ratios.
• Efficiency Ratio: A lower efficiency ratio (below 60%) indicates better operational efficiency, showing that the bank is managing its expenses well relative to its income.

Citizens Community Bancorp, Inc. (CZWI) Market Position & Future Outlook

Citizens Community Bancorp, Inc. navigates a competitive banking landscape while focusing on strategic growth initiatives and risk management to enhance shareholder value.

Competitive Landscape

Opportunities & Challenges

Industry Position

Citizens Community Bancorp, Inc. (CZWI) operates as a community bank, focusing on providing financial services to individuals and small businesses. Its market position is characterized by:

• Community Focus: Building strong relationships with local customers.
• Regional Presence: Concentrated operations within specific geographic areas.
• Competitive Niche: Offering personalized services and local expertise.

For a deeper dive into the company's financials, check out Breaking Down Citizens Community Bancorp, Inc. (CZWI) Financial Health: Key Insights for Investors.