Bank · FDIC insured
Forward Bank
A $1.3B bank headquartered in Marshfield, WI, with 15 branches in 2 states. Best rates: CDs 4.50% and savings 0.60% APY.
Forward Bank Carrot Score
85
Carrot Score
Higher than 70% of U.S. banks and credit unions
#5 of 23 in Wausau, WI metroHow the score works →
Deposits are federally insured by the FDIC up to $250,000 per depositor.
About Forward Bank
Founded in 1919, Forward Bank is a mutual bank owned by its customers rather than shareholders.
The bank operates locations across central and northern Wisconsin, as well as Minnesota.
- Headquarters
- 1001 N Central Ave, Marshfield, WI 54449
- FDIC certificate
- 28530 ↗
Branches
15 branches in 2 states
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Wisconsin
14 branches
Wausau area · 2
- Forward Bank Branch225 Alfred St, Athens, WI 54411Directions
- Colby Branch1122 N Division St, Colby, WI 54421Directions
Wisconsin Rapids area · 1
- Forward BankMain office1001 N Central Ave, Marshfield, WI 54449Directions
Dorchester area · 1
- Forward Bank Branch450 East Business County Road A, Dorchester, WI 54425Directions
Greenwood area · 1
- Greenwood Branch212 S Main St, Greenwood, WI 54437Directions
Medford area · 1
- Medford Wi Branch721 S 8th St, Medford, WI 54451Directions
Park Falls area · 1
- Park Falls - South Office177 4th Ave S, Park Falls, WI 54552Directions
Phillips area · 1
- Phillips Branch110 County Road F, Phillips, WI 54555Directions
Rib Lake area · 1
- Rib Lake Branch667 Pearl St, Rib Lake, WI 54470Directions
Saint Germain area · 1
- St. Germain Office Branch474 Highway 70, St. Germain, Wisconsin 54558, Saint Germain, WI 54558Directions
Eau Claire area · 1
- Stanley Office240 S Broadway St, Stanley, WI 54768Directions
Thorp area · 1
- Thorp Branch105 S Washington St, Thorp, WI 54771Directions
Three Lakes area · 1
- Forward Bank Branch6990 W. School St, Three Lakes, WI 54562Directions
Withee area · 1
- Withee Branch410 Division St, Withee, WI 54498Directions
Minnesota
1 branch
- Lake City Branch219 S Washington St, Lake City, MN 55041Directions
Walk-in offices from the FDIC directory as of September 4, 2026. Directions open Google Maps. A nearby branch doesn’t mean you can join or open an account.
Financial details
| Measure | This bank | Peers’ middle | Strongest quarter |
|---|---|---|---|
| CapitalLeverage ratio | 9.18% | 10.49% | 11.89% or more |
| Troubled loansNoncurrent | 0.28% | 0.52% | 0.23% or less |
| ProfitabilityReturn on assets | 0.90% | 1.25% | 1.62% or more |
| LendingLoans per $100 deposited | $91 | $88 | — |
- CapitalLeverage ratio9.18%Peers’ middle 10.49% · Top 25% 11.89%+
- Troubled loansNoncurrent0.28%Peers’ middle 0.52% · Top 25% ≤0.23%
- ProfitabilityReturn on assets0.90%Peers’ middle 1.25% · Top 25% 1.62%+
- LendingLoans per $100 deposited$91Peers’ middle $88
Compared with the 897 banks with $1 billion to $10 billion in assets. The strongest quarter is what the best 25% of them reach: more capital and profit, fewer troubled loans. Lending has no better end.Troubled loans are noncurrent: 90 or more days late, or no longer earning interest.
Regulators’ own ratings of Forward Bank are confidential. These figures are what it reports to the FDIC each quarter, set beside its peers; they aren’t a rating.