# PARTNERSHIP BANK
CEDARBURG, WI · FDIC certificate 10007 · asset band $300M-1B · latest filing 2019-06 · stopped filing (departed)

**Verdict on the desk:** this could be *funding-stretched*. Composite score 4 (one point per flag, capital below 5% counted twice; 7 or more is where departures cluster).

## What the filing shows (filed dollars, derived ratios; band percentiles in parentheses)

| Measure | Value | Band median |
|---|---|---|
| Total assets | $310.3M | |
| Deposits | $269.6M | |
| Loans and leases | $279.8M | |
| Total equity | $28.5M | |
| Loans / deposits | 102.93% (p90 of band) | 85.79% |
| Liquid assets / assets | 7.33% (p2 of band) | |
| Uninsured deposits / deposits | 18.03% (p36 of band) | 21.31% |
| Brokered deposits | 0.16% | |
| Wholesale funding | 3.84% (p47 of band) | |
| FHLB advances / assets | 3.23% | |
| Tier 1 leverage | 8.98% (p14 of band) | 10.63% |
| Unrealized securities loss / equity | 0.34% (p38 of band) | 0.67% |
| AOCI / equity | 1.27% (p33 of band) | |
| ROA (annualized) | 0.29% (p5 of band) | 1.11% |
| Net interest margin | 3.83% (p55 of band) | 3.74% |
| Efficiency ratio | 88.98% (p96 of band) | |
| Noncurrent loans | 0.25% (p30 of band) | 0.53% |
| Net charge-offs (annualized) | 0.05% (p69 of band) | |
| Reserve coverage of noncurrent | 323.34% | |
| Real estate % of loans | 84% | |
| Construction % of loans | 89.07% (p87 of band) | |
| Auto loans | $148,000 (0.05% of loans; DQ 0.00%, NCO 0.00%) | |
| Loans to nondepository financials | $0 (0% of equity) (p44 of band) | |
| Deposits YoY | 9.3% | |
| Employees | 55 | |

## Flags firing in the latest filing

- **loans exceed deposits** (`liq_ltd`)
- **liquid assets <10%** (`liq_thin`)
- **capital falling** (`cap_falling`)
- **expense ratio p90** (`earn_efficiency`)

## Warning timeline

| Quarter | Score | Flags that first fired | Flags that cleared |
|---|---|---|---|
| 2011-03 | 1 | reserve under noncurrent |  |
| 2011-06 | 1 |  |  |
| 2011-09 | 1 |  |  |
| 2011-12 | 1 |  |  |
| 2012-03 | 2 | uninsured deposits leaving |  |
| 2012-06 | 1 |  | uninsured deposits leaving |
| 2012-09 | 4 | loans exceed deposits, deposits shrinking, uninsured deposits leaving |  |
| 2012-12 | 1 |  | loans exceed deposits, deposits shrinking, uninsured deposits leaving |
| 2013-03 | 2 | capital falling |  |
| 2013-06 | 1 |  | capital falling |
| 2013-09 | 1 |  |  |
| 2013-12 | 2 | capital falling |  |
| 2014-03 | 2 |  |  |
| 2014-06 | 1 |  | capital falling |
| 2014-09 | 1 |  |  |
| 2014-12 | 2 | capital falling |  |
| 2015-03 | 1 |  | capital falling |
| 2015-06 | 1 |  |  |
| 2015-09 | 2 | capital falling |  |
| 2015-12 | 2 |  |  |
| 2016-03 | 1 |  | capital falling |
| 2016-06 | 1 |  |  |
| 2016-09 | 2 | construction >100% equity |  |
| 2016-12 | 1 |  | construction >100% equity |
| 2017-03 | 1 |  |  |
| 2017-06 | 1 |  |  |
| 2017-09 | 0 |  | reserve under noncurrent |
| 2017-12 | 0 |  |  |
| 2018-03 | 0 |  |  |
| 2018-06 | 0 |  |  |
| 2018-09 | 0 |  |  |
| 2018-12 | 2 | loans exceed deposits, liquid assets <10% |  |
| 2019-03 | 1 |  | loans exceed deposits |
| 2019-06 | 4 | loans exceed deposits, capital falling, expense ratio p90 |  |

## In the news (Google News, unfiltered, newest first; check the city)

- 2019-01-23 [Bank First National Corporation Signs Definitive Agreement to Acquire Partnership Community Bancshares, Inc. - PR Newswire](https://news.google.com/rss/articles/CBMi9AFBVV95cUxQR084bXgyWThHdVIxcm4xNHJTN08xM0wxeGplVXUyR1lYZldoT1R0QXNuQVEzaGV6M3J2NU5JbVhSY0VMbk1MT2tEUTdLQmhkQTlsTzZldHRsekRxNm96QmlwRzNIVDFFZ1NtbGZPTFZJclBiczZtRXkzSTlRT0xCS2FzSHFrTmFQNUROVHppZFBrVklzZ1paeVpEb3VQUW94VnFudjg5aXBTcGxwaHpqNDQ1bTkxQThJT2hrN05vSDJ4MVpTOGR0S0oza1FyYW03dFVUWEdubllqY2d3aXlpWHBlMTZpWkxINVVDbXBCTzNpajFl?oc=5) · PR Newswire
- 2019-06-14 [Acquisition of Cedarburg's Partnership Bank by Manitowoc's Bank First approved - Milwaukee Journal Sentinel](https://news.google.com/rss/articles/CBMiyAFBVV95cUxQTGllcWRRM0dFRHRTVEZyaWtvdzdOaHRGWFlPV3FRUmhQeGRGa1VCanR2eHNJcHRkZG5jWUFfQmxRZkxzWUZjX1o3NGZmVTlwM2taUDNUWTI0YURCUGdkdTg4a1dHd3NiMkxEOVVXUl92ZnhuelJSUEVQLWhDbDBQdXBLcHB3M0Z6UHlRdUp5OGxxVDdwUVgyUm4tRnJudEwzcFlVWFBTako5ZVF5N3N3d3I3dWo3ZHhvdl82LTNpLXpqbzMtQXVObg?oc=5) · Milwaukee Journal Sentinel
- 2019-01-23 [Manitowoc business news: Bank First to acquire Partnership Bank - Herald Times Reporter](https://news.google.com/rss/articles/CBMixwFBVV95cUxNWjNBSWxWRHo0ZFkxQlZqR2dsekxmQjJUdjRHT3BiTTZfeXc1dHVnQU80Tnh1MUFRaFlqUG1ocEpFM0kyeHVtLVhHVTUwSTVfTWc2VnhrWnQ0c0Z2QTUtakJXOGpuRk5DQTExdDRUYkY5OUVDMGZRRmZHNkxUZ3h3ay0tLVRKcDRLdkJuWHZYSFBJVWN1ZnpQaUt5MU5JWGJNenVmdjU3UThMOGFlcS1DTHhETERLNkV3dmRlWEd4Y3NBRTRPTEdV?oc=5) · Herald Times Reporter
- 2018-06-05 [Partnership Bank wins Torch Award For Ethics from BBB - wdtimes.com](https://news.google.com/rss/articles/CBMi0gFBVV95cUxNOUxGRzVnR0YtdXJiT0RUY2dGWkFjWEIyTHYyM0xMcHcyYjhUNE5NYTJTOExjN1YzRTR4VzVLa3NyZXB6LTk4OHc4WU53X0s0dXlDYkFTS1djUE03UnVqQmNHZHhMUFhfTl9nVWFqUlppV2NBaFlvQlR1SnB0OFNHSDFCVVYzWEJfak9VUVg1REEtem9DVEFrUVpMRlFkeHd0c3lzeFk1REROLXBLaTVtcU5PRGk3ZGhZVk5zLUxpdGVZTlhXTXBKWjVkYnd1NUcwSHc?oc=5) · wdtimes.com
- 2012-12-11 [New bank opens in Cedarburg - BizTimes - Milwaukee Business News](https://news.google.com/rss/articles/CBMiXkFVX3lxTE9MU3pjRkFDblo5UWZ3eDFmQ0V3Rl9jaGNzckVHY091dVJ1d2V5Z1pGNkFkdVFoUzdEbmM4aXplVVZoTFZRYWJ5NEZWVFM5aWY5b0xjeG9lOGFWN1VZWUE?oc=5) · BizTimes - Milwaukee Business News
- 2019-01-23 [Manitowoc's Bank First acquiring Cedarburg-based Partnership Bank for $41 million - Milwaukee Journal Sentinel](https://news.google.com/rss/articles/CBMixwFBVV95cUxOWWVxTGVabExfWFpFSFpFQU8wM0RuREw3T2JKNVl6bDhNMkZSV0NmNENOMkNKaExWa2s4Vk8wV0twUmZoV2F3aFotLXhJUUVScFBjNTRaQjAzR0JTcGJ4NzlLR3pIOF95WlUyTkhEc0ljeENMMl83bHQ0ODl6X1JUV0lITnFXUUNVTW1fY1NWUUIwY1VQNDBvQlRCU0NSbHdlUy1YeUZLMVZGV1YwR25QMGs0OC0xOGVabXdicTZRQVRnYlJpNS04?oc=5) · Milwaukee Journal Sentinel
- 2019-06-12 [Bank First gets merger approval from Partnership Community Bancshares shareholders - Herald Times Reporter](https://news.google.com/rss/articles/CBMi5AFBVV95cUxQQ3BDbk1JRVM0c196VllVZl90RXJKNm5fM0xCQWIybHVZREdMUGEyQ3pqYnNPQ3pxVl8yWTcwNmtJZ0ZjazRkNVhKdXlsUHExb1FPZWJHLVZjdFUyZGJnSmwwWG1TLU1UMm5mWHBOeTBRQlRhYXhGZno2QmVNQTh3bm54aHpMdjQxZzZZdjJYcTcwUFZjNUpUVk1UaFBsMXlyNGRiVE9maVc1ZU9FZVhyTUNnS2pfVl9SUExablhzM0hfT3gwQjgxRkV1a2JxcUFKTmpqVWZ2RnpNOFdTcUJnUVdyQU8?oc=5) · Herald Times Reporter
- 2013-02-23 [Cedarburg's Partnership Bank staffed by familiar faces - Milwaukee Journal Sentinel](https://news.google.com/rss/articles/CBMitAFBVV95cUxOTTR0MEcwN2pBSnZDSEVoZTlVZXhHMVYtMUtQNTc1SG9Sd01pM2NyYjlyaEd5eVdHemlsOXZvVDdNcHkzOThPX2drNjZYNjJ4SHN4aVF1bGVBaF92NkR3OHNGS1lUdHVLaHhxTkYwalhvYjNwZXkwckNENjV3bTRnQ05ldXJRUElKcDZRZ2E2cUc0Ujl0WmRFWkRVM2dZZ3Y4SlRuUVFDTXZMZU1mY3ZoUFFzNjk?oc=5) · Milwaukee Journal Sentinel

## How to verify

- Page: https://getbookiq.com/bank-desk/#bank=10007 (click any number for its formula and FFIEC field codes)
- Latest row, JSON: https://getbookiq.com/bank-desk/data/summary.json · history: https://getbookiq.com/bank-desk/data/h/23.json (key "10007", columns cycle, ASSET, DEP, LNLSGR, EQTOT, ltd, liquid_pct, unins_pct, lev, aoci_pct_eq, sec_loss_eq, roa, nim, eff, nc_pct, nco_pct, LNAUTO, auto_dq, auto_nco, LNNDEPD, ndfi_eq, wholesale_pct, dep_yoy, score, flags)
- Field definitions: https://getbookiq.com/dictionary/#bank-LNNDEPD and the rest of the bank dictionary
- Source: FDIC call report via BankFind, dollars in thousands as filed. Departed means stopped filing, which is usually a merger; FAILED is the FDIC's own list.

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Rendered 2026-09-10 from the desks' own data files. Full guide: https://getbookiq.com/guide