Forward Bank
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Data as of · sourced from FFIEC call reports. How we update
Forward Bank is an FDIC-insured savings bank headquartered in Marshfield, WI, established in 1919 (FDIC certificate 28530), and it is supervised by the FDIC. At Q2 2026 it reported total assets of $1.28B, up 14.1% from Q2 2025, the 23rd largest of 153 banks headquartered in Wisconsin. Its CET1 capital ratio was 10.94% at Q2 2026, above regulatory requirements.
- Charter
- Savings bank
- Regulator
- FDIC
- Deposit insurance
- FDIC
- FDIC certificate
- 28530
- Headquarters
- Marshfield, WI
- Established
- 1919
- Total assets, Q2 2026
- $1.28B
- Assets vs Q2 2025
- +14.1%
- CET1 ratio, Q2 2026
- 10.94%
- Domestic offices
- 15 FDIC institution directory, current count
- Routing number
- 275971139
- Holding company
- FORWARD FINANCIAL, INC.
- Asset rank in state
- 23rd of 153 in Wisconsin
Forward Bank operates with a thinner capital cushion than most banks of its size. Based in Marshfield, Wisconsin, it had $1.3 billion in assets at June 30, 2026, up 14.1% from a year earlier. It holds common equity equal to 10.94% of its risk-weighted assets, lower than about 9 in 10 of the 895 banks with $1 billion to $10 billion in assets (median 13.52%). On the other hand, it holds commercial real estate loans worth 1.0 times its capital, about half the median of 2.2 times for banks its size. It has also been growing, with assets up 14.1% in a year.
Loans are outrunning deposits: over the year loans rose 13.9% and deposits rose 9.5%. Problem loans eased: loans on nonaccrual or 90 or more days past due, net of government guarantees, were 0.28% of loans, down from 0.39% a year earlier. Costs are the weak spot: it spends about 74 cents to bring in each dollar of revenue, higher than about three-quarters of banks its size (median 58 cents).
As of June 30, 2026, Forward Bank reported a CET1 capital ratio of 10.94%, a return on assets of 0.87%, a nonperforming-loan ratio of 0.28% and a Texas ratio of 2.41%. The figures come from its call report filed with the FFIEC.
Of the 153 banks headquartered in Wisconsin, Forward Bank is the 23rd largest by total assets at Q2 2026. From Q1 2026 to Q2 2026, its total assets rose 6.4% to $1.28B, loans rose 6.1% and deposits rose 3.5%. 1-4 family residential loans made up 30.0% of its total loans on June 30, 2026, its largest category; next came farmland and other real estate loans at 17.9%. The FDIC Summary of Deposits lists 15 offices for it, in 15 cities across 2 states; its Marshfield office books 32% of its branch deposits. By the capital ratios in its Q2 2026 call report, Forward Bank meets every capital ratio test for well capitalized.
Headquarters Profile
- Address
- 1001 N Central Ave, Marshfield, WI 54449
- County
- Wood
- Metro Area
- Wisconsin Rapids-Marshfield, WI
- Charter
- State-chartered stock savings bank, FDIC-supervised
- Primary Regulator
- FDIC
- FDIC Region
- Chicago (Region 9)
- Federal Reserve member
- —
- Federal Reserve district
- District 7, Chicago
- Fiduciary (trust) powers
- —
- Call Report form
- FFIEC 051
- Established
- January 1, 1919
- Former names
- Forward Financial Bank (2013-2018); Forward Financial Bank SSB (2010-2013); Marshfield Savings Bank (1993-2010); Marshfield Savings Bank, Savings Association (1989-1993)
- Domestic offices
- 15 FDIC institution directory, current count
- Employees (FTE)
- 231
- Domestic deposits
- $1.04B
- Allowance for credit losses
- $9.1M
- Net charge-offs (YTD)
- $75K
- Average total assets
- $1.26B
- Average total loans
- $918.7M
- Average interest-bearing deposits
- $759.2M
- Tax status
- C corporation
- Ownership
- Stock
- Community bank
- Yes
- FDIC-insured since
- August 9, 1989
- FDIC Cert
- 28530
- Fed RSSD
- 313577
- Website
- www.forward.bank →
- Parent Holding Company
- FORWARD FINANCIAL, INC. (RSSD 3817115)
- Ultimate Parent
- FORWARD MUTUAL HOLDING COMPANY (RSSD 3851388)
Profitability
Q2 annualizedCapital & Liquidity
Balance Sheet
Income Statement
Operating & Funding
Ratios tagged annualized use the Q2 income alone. The UBPR and FDIC annualize the year to date instead. FDIC BankFind divides by the average of quarter-end total assets, the UBPR by RC-K average assets. The YTD margin is the UBPR's tax-equivalent figure over its own average earning assets; FDIC BankFind's margin is not tax-equivalent. How we compute these figures
Quarterly trends
Forward Bank's total assets moved between a low of $963.5M (Q3 2023) and a high of $1.28B (Q2 2026) from Q3 2023 to Q2 2026, and it earned a profit in all 12 quarters. The line under each chart compares Q2 2026 with Q2 2025. How these charts are built
$1.28B total assets against $1.12B; $1.16B total liabilities against $1.02B.
$938.1M net loans and leases against $823.2M; $1.04B total deposits against $947.3M.
$219.7M securities against $188.4M; $26.2M cash and balances due against $22.3M.
$17.2M total interest income against $14.8M; $4.5M total interest expense against $4.2M.
$12.7M net interest income against $10.7M.
$3.7M total noninterest income against $2.9M; $12.5M total noninterest expense against $9.9M.
$633K provision for credit losses against $300K.
$2.7M net income against $2.6M.
0.87% return on assets against 0.93%; 4.43% net interest margin against 4.15%.
10.94% CET1 capital ratio against 11.22%; 9.18% tier 1 leverage ratio against 8.73%.
Inside the full Forward Bank terminal
21 quarters of trends · 8 tabs · peer percentiles · watchlist alerts
Unlock this bank, freeForward Bank rankings
Its closest position to the top of a national ranking is 846 of 4,196, for total assets; its furthest is 1,972 of 2,134, for CET1 ratio.
Quarterly trend: last 8 quarters
Across the 8 quarters to Q2 2026, its return on assets ran from 0.27% (Q4 2024) to 1.06% (Q3 2025) and its net interest margin ran from 3.69% (Q3 2024) to 4.43% (Q2 2026).
| Quarter | CET1 | ROA | NPL | Texas | NIM |
|---|---|---|---|---|---|
| Q2 2026 | 10.94% | 0.87% | 0.28% | 2.41% | 4.43% |
| Q1 2026 | 11.28% | 0.91% | 0.33% | 2.71% | 4.34% |
| Q4 2025 | 11.29% | 0.90% | 0.39% | 3.48% | 4.39% |
| Q3 2025 | 11.73% | 1.06% | 0.39% | 3.44% | 4.28% |
| Q2 2025 | 11.22% | 0.93% | 0.39% | 3.56% | 4.15% |
| Q1 2025 | 11.22% | 0.84% | 0.33% | 3.27% | 3.95% |
| Q4 2024 | 10.94% | 0.27% | 0.41% | 4.03% | 3.89% |
| Q3 2024 | 11.28% | 0.94% | 0.26% | 2.37% | 3.69% |
Swipe the table sideways to see every column.
Branch Network
View all 15 branches → Branch count from the FDIC Summary of Deposits, June 30, 2026. The domestic office count above is the FDIC's current figure, so the two can differ.
| Branch | Location | ZIP | Deposits |
|---|---|---|---|
| Forward Bank (main office) | Marshfield , WI | 54449 | $327.7M |
| Medford Wi Branch | Medford , WI | 54451 | $90.9M |
| Lake City Branch | Lake City , MN | 55041 | $80.2M |
| Park Falls - South Office | Park Falls , WI | 54552 | $77.2M |
| Greenwood Branch | Greenwood , WI | 54437 | $69.9M |
| Thorp Branch | Thorp , WI | 54771 | $68.5M |
| Withee Branch | Withee , WI | 54498 | $66.5M |
| Colby Branch | Colby , WI | 54421 | $62.1M |
| Phillips Branch | Phillips , WI | 54555 | $59.7M |
| Stanley Office | Stanley , WI | 54768 | $51.7M |
| Forward Bank Branch | Athens , WI | 54411 | $28.1M |
| Rib Lake Branch | Rib Lake , WI | 54470 | $21.1M |
| Forward Bank Branch | Dorchester , WI | 54425 | $14.9M |
| Forward Bank Branch | Three Lakes , WI | 54562 | $9.8M |
| St. Germain Office Branch | Saint Germain , WI | 54558 | $8.7M |
Events & Regulatory History
Mergers, charter changes, enforcement actions, FDIC assistance, and (if applicable) failure events recorded against this institution. Click a year to see what else was happening across US banking that year.
| Date | Category | Event | Source |
|---|---|---|---|
| May 4, 2024 | Structure Change | Acquired Lake City Federal Bank Charter Discontinued (Merger or Purchase & Assumption) for the acquired bank | FFIEC NIC |
| May 3, 2024 | Merger | Participated in Absorption/Consolidation/Merger | FDIC |
| May 4, 2019 | Structure Change | Acquired The First National Bank of Park Falls Charter Discontinued (Merger or Purchase & Assumption) for the acquired bank | FFIEC NIC |
| May 3, 2019 | Merger | Participated in Absorption/Consolidation/Merger | FDIC |
| February 2, 2013 | Structure Change | Acquired Community Bank of Central Wisconsin Charter Discontinued (Merger or Purchase & Assumption) for the acquired bank | FFIEC NIC |
| February 1, 2013 | Merger | Participated in Absorption/Consolidation/Merger | FDIC |
| December 6, 2008 | Merger | Participated in Absorption/Consolidation/Merger | FDIC |
| December 6, 2008 | Structure Change | Acquired State Bank of Withee Charter Discontinued (Merger or Purchase & Assumption) for the acquired bank | FFIEC NIC |
Sourced from the bank event history (FDIC, Federal Reserve NIC, OCC, and OTS). Showing the most recent 8 events.
Regulatory record
Facts as filed or published, not a rating.
- Deposit market share
- 0.5% of deposits in WI, rank 29 of 185 institutions
- Period: June 30, 2026. Source: FDIC Summary of Deposits.
- Mortgage lending (HMDA)
- 481 applications, 382 loans originated, $90.9M originated, across 3 states
- Period: Calendar year 2025. Source: FFIEC HMDA loan application register.
- SBA 7(a) lending
- 3 loans, $1.1M approved, $382K average. 0.00% of that year's loans have since been charged off
- Period: Federal fiscal year 2025 (October to September). Source: SBA 7(a) and 504 loan data (FOIA).
- Not on file
- Enforcement actions, Consumer complaints, CFPB enforcement, CRA examination rating. No record from these sources, which is not the same as a clean record. Sources
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Frequently asked about Forward Bank
What are Forward Bank's total assets?
As of the Q2 2026 filing, Forward Bank reported total assets of $1.28 billion in its FFIEC call report.
Where is Forward Bank headquartered?
It is headquartered in Marshfield, WI, United States.
When was Forward Bank founded?
It was established in 1919, per the FDIC institution directory.
Is Forward Bank FDIC-insured?
Yes. It is an FDIC-insured savings bank (FDIC Certificate #28530). Deposits are insured up to $250,000 per depositor, per insured bank, for each account ownership category, per FDIC rules.
Who regulates Forward Bank?
Forward Bank's primary federal regulator is the FDIC.
What is Forward Bank's CET1 capital ratio?
It reported a Common Equity Tier 1 (CET1) capital ratio of 10.94% in its Q2 2026 call report, above regulatory requirements.
How many branches does Forward Bank operate?
It operates 15 domestic offices, per the FDIC institution directory. That count includes administrative and limited-service offices as well as full-service branches.
What is Forward Bank's Texas Ratio?
Its Texas Ratio is 2.41% in its Q2 2026 call report, within the healthy range (at or below 50%, the level at which problem assets reach half of the capital cushion). The Texas Ratio measures non-performing assets against the bank's capital and reserves.
What was Forward Bank previously called?
The charter now named Forward Bank has also operated as Forward Financial Bank (2013-2018), Forward Financial Bank SSB (2010-2013), Marshfield Savings Bank (1993-2010), Marshfield Savings Bank, Savings Association (1989-1993), per FDIC structure-change records.
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