# CENTER NATIONAL BANK
LITCHFIELD, MN · FDIC certificate 10976 · asset band <$300M · latest filing 2026-06 · live

**Verdict on the desk:** this could be *fortress*. Composite score 0 (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 | $242.6M | |
| Deposits | $215.5M | |
| Loans and leases | $158.1M | |
| Total equity | $23.8M | |
| Loans / deposits | 72.63% (p48 of band) | 73.59% |
| Liquid assets / assets | 32.52% (p50 of band) | |
| Uninsured deposits / deposits | 25.78% (p71 of band) | 19.81% |
| Brokered deposits | 0.00% | |
| Wholesale funding | 0.00% (p23 of band) | |
| FHLB advances / assets | 0.00% | |
| Tier 1 leverage | 11.05% (p40 of band) | 11.76% |
| Unrealized securities loss / equity | -20.95% (p22 of band) | -6.57% |
| AOCI / equity | -0.77% (p34 of band) | |
| ROA (annualized) | 1.41% (p63 of band) | 1.17% |
| Net interest margin | 3.98% (p53 of band) | 3.93% |
| Efficiency ratio | 65.97% (p51 of band) | |
| Noncurrent loans | 0.00% (p25 of band) | 0.36% |
| Net charge-offs (annualized) | 0.00% (p18 of band) | |
| Reserve coverage of noncurrent | 22342.86% | |
| Real estate % of loans | 74% | |
| Construction % of loans | 82.41% (p91 of band) | |
| Auto loans | $4.2M (2.66% of loans; DQ 1.12%, NCO -0.01%) | |
| Loans to nondepository financials | $0 (0% of equity) (p48 of band) | |
| Deposits YoY | 1.2% | |
| Employees | 37 | |

## Flags firing in the latest filing

- none

## Warning timeline

| Quarter | Score | Flags that first fired | Flags that cleared |
|---|---|---|---|
| 2011-03 | 0 |  |  |
| 2011-06 | 0 |  |  |
| 2011-09 | 1 | reserve under noncurrent |  |
| 2011-12 | 1 |  |  |
| 2012-03 | 4 | deposits shrinking, assets shrinking, uninsured deposits leaving |  |
| 2012-06 | 1 |  | reserve under noncurrent, deposits shrinking, uninsured deposits leaving |
| 2012-09 | 1 | uninsured deposits leaving | assets shrinking |
| 2012-12 | 0 |  | uninsured deposits leaving |
| 2013-03 | 0 |  |  |
| 2013-06 | 0 |  |  |
| 2013-09 | 0 |  |  |
| 2013-12 | 1 | capital falling |  |
| 2014-03 | 1 |  |  |
| 2014-06 | 1 |  |  |
| 2014-09 | 1 |  |  |
| 2014-12 | 1 | deposits shrinking | capital falling |
| 2015-03 | 3 | assets shrinking, uninsured deposits leaving |  |
| 2015-06 | 0 |  | deposits shrinking, assets shrinking, uninsured deposits leaving |
| 2015-09 | 0 |  |  |
| 2015-12 | 1 | capital falling |  |
| 2016-03 | 1 |  |  |
| 2016-06 | 1 |  |  |
| 2016-09 | 0 |  | capital falling |
| 2016-12 | 0 |  |  |
| 2017-03 | 1 | capital falling |  |
| 2017-06 | 0 |  | capital falling |
| 2017-09 | 1 | uninsured deposits leaving |  |
| 2017-12 | 0 |  | uninsured deposits leaving |
| 2018-03 | 2 | deposits shrinking, uninsured deposits leaving |  |
| 2018-06 | 0 |  | deposits shrinking, uninsured deposits leaving |
| 2018-09 | 0 |  |  |
| 2018-12 | 0 |  |  |
| 2019-03 | 0 |  |  |
| 2019-06 | 0 |  |  |
| 2019-09 | 0 |  |  |
| 2019-12 | 0 |  |  |
| 2020-03 | 0 |  |  |
| 2020-06 | 0 |  |  |
| 2020-09 | 1 | capital falling |  |
| 2020-12 | 1 |  |  |
| 2021-03 | 1 |  |  |
| 2021-06 | 1 |  |  |
| 2021-09 | 0 |  | capital falling |
| 2021-12 | 0 |  |  |
| 2022-03 | 2 | capital falling, NIM <2.5% |  |
| 2022-06 | 3 | AOCI drag >20% of equity, securities losses >30% of equity | NIM <2.5% |
| 2022-09 | 2 |  | capital falling |
| 2022-12 | 2 |  |  |
| 2023-03 | 1 |  | AOCI drag >20% of equity |
| 2023-06 | 3 | deposits shrinking, assets shrinking |  |
| 2023-09 | 4 | uninsured deposits leaving |  |
| 2023-12 | 4 |  |  |
| 2024-03 | 4 |  |  |
| 2024-06 | 3 |  | uninsured deposits leaving |
| 2024-09 | 0 |  | securities losses >30% of equity, deposits shrinking, assets shrinking |
| 2024-12 | 2 | securities losses >30% of equity, deposits shrinking |  |
| 2025-03 | 1 |  | deposits shrinking |
| 2025-06 | 0 |  | securities losses >30% of equity |
| 2025-09 | 0 |  |  |
| 2025-12 | 2 | construction >100% equity, uninsured deposits leaving |  |
| 2026-03 | 4 | deposits shrinking, assets shrinking |  |
| 2026-06 | 0 |  | construction >100% equity, uninsured deposits leaving, deposits shrinking, assets shrinking |

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

- 2025-02-08 [New president elected at Center National Bank - Pioneer Press](https://news.google.com/rss/articles/CBMijAFBVV95cUxOeU1iWkhBT3FVa25BU1ppZTljVHhHNXBxQWloN3lrQ0gtTWlweG9jel9zNXdzYk0xMG9tb0dSTWFQLXRLcUd6MzY3T3AyTXpMamdvQnVudHlBaWFsZTZKWTM4S3dLNjkzYWRVYlFnNmxFd0E0Wmw1czNUSFl6bVE4OXRWZldncmw5SnUyaA?oc=5) · Pioneer Press
- 2021-04-17 [How to earn up to 5% interest on a Minnesota checking account - startribune.com](https://news.google.com/rss/articles/CBMiowFBVV95cUxOLVFvNGtmNG0tNG1hdzdXM0FtdzBUaWtmQk84dXFSQVRIbnBPaUo5YUJaNGtXU0VPbTZ2WmlvWjAwX1ZxUkRxenotT1dsejVRTUEtMzRsSEIwRW1IOTYzM2hiMDI1NW5mU3pnNnViVjNTZUhJY1JZX2ZUR1luR3JHYkxLMzFNZm9WVlhIei1sRTV2WGR6WUhSbEZXY2dHYTIyZXE0?oc=5) · startribune.com
- 2019-12-26 [Calvin Ray Emerson Obituary Dec 26, 2019 - White Funeral Homes](https://news.google.com/rss/articles/CBMiaEFVX3lxTE5aVDhqOHpNSnk0NDdldndKUzduTmw0MEdsVzBmVXAxaUNXRTVhSkU5bnRUcjI2OVRNbkNpVHZNMnYwLWdQR2NENnpfLUtEOU5hS28tV2pya2xQRTRpODYxbFhfMVJzbFhY?oc=5) · White Funeral Homes
- 2026-04-29 [David Fredric Berg Obituary Dec 23, 2023 - davidleefuneralhome.com](https://news.google.com/rss/articles/CBMiaEFVX3lxTE1mSG9wODh1bEN4MGlXTU9Wc1pCcDhSYW8yODQ3VU9CQnBzTXN1Q3hnMG1rX2gtZ3JuWk5oM3duQlliUlRRa3JiSFB6ODQxMVpVYVJabGNjakE4czBQdnBpRW1QS0NnZXR1?oc=5) · davidleefuneralhome.com
- 2015-03-19 [First quarter Central Jersey promotions, hires - Central New Jersey News](https://news.google.com/rss/articles/CBMiuwFBVV95cUxOaVh2WlpKN1pjRHFvbGY5TV9HdF81V0MzbHJvOHBXa05BYzRzY2NsdlpodWZ2bDJ2VGQ3anBucG5kT3p3cmo1UVhnT1l3dk5DQ1JrOUUxbURUbDNxeFZnanJ0RTRqYlVOVGNsZ1F1NEtudmVHZGtJUDBGZ2ZrWm9Tbl9wNnBqYmVIZUx0OWtiMmE5bGdmbUNidzJiLWZPa2NTQmJ1VUNqLTc4dUh6c05NTTFfck0zLTEwY2d3?oc=5) · Central New Jersey News
- 2023-04-19 [Robert Duane Sparboe - Legacy obituary](https://news.google.com/rss/articles/CBMikgFBVV95cUxPd1RtVHV1OGY3MWhEd0hpS0pxbDNfNnRnQmRQLU81cjBNVDlBbE52SHlTaHVJOTZyc04zQ2RKN2JaRnRvZ1o5VWVWbC1abk5PVlFlaW1uNnpldFFXQ2RXeVQxVzdGMDhLQXpNa3VaMHZpWFBSUkFXLWpuYjc4cmUxbktFaEpndDRyaUlMMTBRUUFlUQ?oc=5) · Legacy obituary
- 2014-04-02 [Fast-growing ConnectOne Bank eyes Newark's Ironbound for next step in evolution - NJ.com](https://news.google.com/rss/articles/CBMitAFBVV95cUxNNFJfQXB1QlB6ZzlLSWswdEwtV0p2SEVWOTBqYXp5UUluZC1UaWJrbnEtc2tVdmg2SkMzZDdwTDRuLWlBeW1uOTVzQ2pqNXlXNV9reVFhdDJ3NVR1aGJYZnZsWURLZVhYTS0wVWdSWTlWU2hPYU5obGJDLVZGbDJWVWZtNW9zYzh4S0RKRS1iazBFcWRVeEkyTFFWLW9ybkJlVy1DSDR1SjNVNmFwYUMzMXgyUjE?oc=5) · NJ.com
- 2024-07-16 [New senior housing coming to St. Francis despite tough lending environment - Finance & Commerce](https://news.google.com/rss/articles/CBMisAFBVV95cUxNRmtyTEV4aUZUSThaNFQyYVNnZE12Q0JPbUREenBmSzFDQVZPTno5Vi13M3FwalNjUjVRSVhYR1ZKUVU2VU85V0ZPVlk1dk1WV1oxcjJSc3l4Y2txNjhUaVJMcUh2MEN5TFM1SGNjeUZKbVVWYmstMmY0UUUyM3dLMGY4RmU3TmFlRmNnLW9aMERBR3ZKZVhsVnM3ZzR1OWxzWDJzZHcxVFc1eEpFLWU3Yg?oc=5) · Finance &amp; Commerce

## How to verify

- Page: https://getbookiq.com/bank-desk/#bank=10976 (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/32.json (key "10976", 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