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Letter from the President, Dwight Marquardt

Fall: A Time of Preparation

School time is near again, and families are trying to get their vacations and shopping in before the busy ritual of fall begins. As you enjoy the waning moments of summer with your family, we invite you to think about your future family needs. Specifically, have you planned for your children's or grandchildren's' education? Have you evaluated your strategy for your retirement and estate planning? Have you saved enough for your dream home or cabin?

Our staff, along with Angela Televandos, our partner from The RiverGroup Financial Advisors, stand ready and able to assist you with your financial planning needs. We can help you determine what it will take for you to reach all of our financial goals. Stop in or make an appointment with a personal banker today at any of our locations. Together, we will make the difference.

As always, we thank you for your support!


Dwight Marquardt

Angie Ruid: Purchasing season is here!

Fixed mortgage interest rates are down .5% from January of this year and we have seen a lot of activity on new home sales this past quarter. Home sales were off to a slow start at the beginning of the year and now starting to rebound.

According to the Wisconsin Realtors Association, the year-to-date average sales price of a home in Northern Wisconsin is selling for $121,000. This does appear to be slightly up from last year so this is great news for the housing market.

For additional information on home mortgages, please contact Angie Ruid at 715-635-4505 or 715-520-3183.

Do you love your Kasasa Account?

We have now been Kasasa-ing for 6 months! It's hard to believe, until you total the amount of rewards that you've received for doing things you've probably always done! Some customers have been earning upwards of $30 per month in interest in one Kasasa Cash account. If they continue to qualify*, they have the potential to earn $360 this year in interest (based on 2.25% APY up to $15,000.**).

If you don't have a Kasasa account yet, now is the time to find out more and convert! If ou don't have one already, move your money and open a new account! Go online to, call, or stop by any of our 5 convenient locations to find out more. Our Tellers and Personal Bankers are very excited to share all the benefits of these accounts that many of us have been reaping for 6 months.

*Qualifications to earn rewards: 12 debit card transactions post and settle per qualification cycle; receive eStatements; login to online banking at least once per qualification cycle.

**APY=Annual Percentage Yield. APYs accurate as of 02/24/2014. Rates may change after account is opened. Minimum to open is $20. If qualifications are met each monthly qualification cycle: (1) Domestic ATM fees incurred during qualification cycle will be reimbursed ($5.00 per single transaction) and credited to account on the last day of monthly statement cycle; (2) balances up to $15,000 receive APY of 2.25%; and (3) balances over$15,000 earn 0.25% interest rate on portion of balance over $15,000, resulting in 2.25% - 0.51% APY depending on the balance. If qualifications are not met, all balances earn 0.05% APY. Qualifying transactions must post to and settle account during monthly qualification cycle. Transactions may take one or more banking days from the date transaction was made to post to and settle an account. ATM-processed transactions do not count towards qualifying debit card transactions. "Monthly Qualification Cycle" means a period beginning one day prior to the first day of the current statement cycle through one day prior to the close of the current statement cycle. Limit one account per SSN. ATM receipt must be presented for reimbursement of an individual ATM fee of $5.00 or higher.


10 years at V&M

The Brill Branch of CBNWI celebrated their 10 year anniversary of being at the V & M location. Refreshments were served the week of April 21. Customers and visitors were invited to sign up to win The winners of gift cards and other items were: Jeff Vanderhyde, Wendy Myers, Gus Moltzan, Ron Derousseau, Marian Sirek, Carrie Madison, Don Frolik, Richard Kerber, Ed Willger, Gordy Nelson, Jay Duckwitz, Charlie Lawton, Mike Tomesh, Terry O'Brien and Bernie Snarski.

Brill was where the original Brill State Bank was located: just over a mile southeast, as the crow flies from our V&M location. Coincidentally, the V&M location is celebrating 10 years at their current location, the same year the bank as a whole celebrates 95 years serving the region of northwest Wisconsin.

Though the V&M location is no longer in Brill, it still serves as a community hub. Blood pressure checks are offered in the lobby by a local nurse on Monday mornings from 10:00 a.m. to 11:00 a.m. Everyone is welcome to take advantage of this service. The regular customers stop in to take care of their banking, then stay for a cup of coffee and a chat to catch up with Jan, Terri and Pat, who do an excellent of job of providing detailed service while maintaining the personal service our long time customers (and new ones too!) have grown accustomed to. If you're ever in the Long Lake or Red Cedar Lake area, stop by the V&M location and experience the welcome warmth of the roots of CBNWI.

Credit or Debit?

With the introduction of the Kasasa free checking accounts with rewards--which we all hope you are enjoying as tremendously as we are-- we have been hearing questions regarding the choice of 'Debit or Credit' when swiping your card quite frequently. Here is some information that will help you to make the right choice for you. Now is a good time to reiterate, though, that regardless of what you pick after you swipe, it will count as a swipe towards your Kasasa rewards!

Though credit and debit are one in the same when it comes to qualifying for rewards on your Kasasa account, they are quite different in how they are handled and processed.

When you select debit: You enter your PIN and the funds are deducted from your bank account immediately. If they're unavailable, the bank has the option--depending on your agreement with them--to pay the transaction in exchange for being charged an overdraft charge, or to decline the transaction. To the merchant, this transaction is as close to cash as you can get without using bills and coins.

When you select credit: The transaction requires a signature, and is processed by the credit card company. The funds may or may not be immediately deducted from your bank account, depending on how the retailer handles their transactions. Some stores "batch" their credit transactions and send them in at the end of the day.

Angela's Corner: Risk Management

When we talk about risk management as it relates to finances, almost everyone immediately thinks of principal risk, or the risk that their account value declines. But there are many other risks to consider when gearing up for retirement. Inflation risk, the risk that the costs of things like groceries and healthcare increase faster than your assets, is extremely important. Those in retirement are also familiar with the interest rate risk experienced over the last decade, as CD's and Bonds paid less and less interest as they renewed. Other types of common financial risk are taxation risk, credit risk and market risk.

It is important to identify and understand the various types of risk most prominent in your financial situation. Most financial decisions involve trade-offs, so focusing on the wrong risk or only one type of risk can decrease the likelihood you reach your overall objective.

Talking with a financial advisor may not only help you identify the risks associated with your particular financial plan, but give you some strategies for risk reduction that can keep you on track. If you would like to talk more about various types of financial risks or risk reduction strategies, please stop by or make an appointment to see me!

Take care,

Angela Televandos

Rice Lake Office

1204 West Knapp St.

P.O. Box 169

Rice Lake, WI 54868

Office: 715-234-5002

Securities and investment advisory services offered exclusively through Raymond James Financial Services, Inc., member FINRA/SIPC, an independent broker/dealer, and are not insured by FDIC or any other bank insurance, are not deposits or obligations of CBNWI, are not guaranteed by the Bank and are subject to risk including the possible loss of principal. The RiverGroup and CBNWI are independent of Raymond James Financial Services.