# DENMARK STATE BANK
DENMARK, WI · FDIC certificate 13240 · asset band $300M-1B · latest filing 2022-06 · stopped filing (departed)

**Verdict on the desk:** this could be *ordinary*. 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 | $680.0M | |
| Deposits | $615.6M | |
| Loans and leases | $465.7M | |
| Total equity | $61.8M | |
| Loans / deposits | 74.39% (p58 of band) | 70.32% |
| Liquid assets / assets | 28.77% (p39 of band) | |
| Uninsured deposits / deposits | 17.92% (p15 of band) | 27.51% |
| Brokered deposits | 0.00% | |
| Wholesale funding | 0.13% (p31 of band) | |
| FHLB advances / assets | 0.13% | |
| Tier 1 leverage | 9.34% (p38 of band) | 9.86% |
| Unrealized securities loss / equity | -3.09% (p87 of band) | -19.94% |
| AOCI / equity | -2.61% (p83 of band) | |
| ROA (annualized) | 0.80% (p32 of band) | 1.00% |
| Net interest margin | 3.15% (p47 of band) | 3.20% |
| Efficiency ratio | 67.85% (p59 of band) | |
| Noncurrent loans | 0.05% (p23 of band) | 0.26% |
| Net charge-offs (annualized) | 0.01% (p67 of band) | |
| Reserve coverage of noncurrent | 3387.28% | |
| Real estate % of loans | 77% | |
| Construction % of loans | 24.27% (p28 of band) | |
| Auto loans | $6.1M (1.31% of loans; DQ 0.00%, NCO 0.00%) | |
| Loans to nondepository financials | $0 (0% of equity) (p45 of band) | |
| Deposits YoY | 4.0% | |
| Employees | 90 | |

## Flags firing in the latest filing

- none

## 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 | capital falling |  |
| 2012-06 | 1 |  | capital falling |
| 2012-09 | 1 |  |  |
| 2012-12 | 0 |  | reserve under noncurrent |
| 2013-03 | 0 |  |  |
| 2013-06 | 0 |  |  |
| 2013-09 | 1 | reserve under noncurrent |  |
| 2013-12 | 0 |  | reserve under noncurrent |
| 2014-03 | 0 |  |  |
| 2014-06 | 0 |  |  |
| 2014-09 | 0 |  |  |
| 2014-12 | 0 |  |  |
| 2015-03 | 0 |  |  |
| 2015-06 | 0 |  |  |
| 2015-09 | 0 |  |  |
| 2015-12 | 0 |  |  |
| 2016-03 | 0 |  |  |
| 2016-06 | 1 | charge-offs p90 |  |
| 2016-09 | 1 | capital falling | charge-offs p90 |
| 2016-12 | 1 |  |  |
| 2017-03 | 1 |  |  |
| 2017-06 | 1 | uninsured deposits leaving | capital falling |
| 2017-09 | 0 |  | uninsured deposits leaving |
| 2017-12 | 1 | capital falling |  |
| 2018-03 | 0 |  | capital falling |
| 2018-06 | 0 |  |  |
| 2018-09 | 0 |  |  |
| 2018-12 | 0 |  |  |
| 2019-03 | 0 |  |  |
| 2019-06 | 0 |  |  |
| 2019-09 | 1 | capital falling |  |
| 2019-12 | 1 |  |  |
| 2020-03 | 1 |  |  |
| 2020-06 | 1 |  |  |
| 2020-09 | 1 |  |  |
| 2020-12 | 1 |  |  |
| 2021-03 | 0 |  | capital falling |
| 2021-06 | 0 |  |  |
| 2021-09 | 0 |  |  |
| 2021-12 | 0 |  |  |
| 2022-03 | 0 |  |  |
| 2022-06 | 0 |  |  |

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

- 2022-08-15 [Bank First now has 26 locations in Wisconsin after merger with Denmark State Bank - Herald Times Reporter](https://news.google.com/rss/articles/CBMitAFBVV95cUxPdUdidjhnZVpSQlB6ZmdPeGYyZEV6Uk9TLWdtOHV3U2pFZTdfTUxYQWliMTB1WjJOT3EtVzcyeDZaZmw4amVpQkNPOUl6QTkwdVRZQ0dqVkp0aTJ6VkVxUzBPWFItWFFXY1VQdk1QOW16eW5taElxclpEX1kwSWVMY0ZkQkpkWENCZlN1TVlubXdpcjEwQlJNN3VGNkFKUm1hNkdQZHlWZ1k5TXZGZ05IWVg1c04?oc=5) · Herald Times Reporter
- 2022-01-19 [Manitowoc's Bank First acquires Denmark State Bank in merger that will total $3.6 billion in assets - Herald Times Reporter](https://news.google.com/rss/articles/CBMiwwFBVV95cUxPcnRNc3dWUXZxSlVaMEp0MnI3S0hIRGVtaGVkSDVPQk8yNURwaHg4NThDU01Oa1YyQV9TRWFpa2xCVUhhNFFSeVlSeEtaUGVHa3BqaGZOV003d0UxU0pKV0IxV0NFZGxqOElJRmpnUlhRdzkwMnVjMnJWS3I5MHVPUkZITUJCNnZ6ODFaVUtqRS0tRzNvcHZ6bzRzSjBZWWp5dkFrTV9CaTZTTnBYSzVDZDMzdEt5NS1nLVIxdU8yeHI5aUE?oc=5) · Herald Times Reporter
- 2016-09-22 [Darrell Roy Lemmens Obituary Sep 22, 2016 - Cotter Funeral Home](https://news.google.com/rss/articles/CBMickFVX3lxTE1LT0h0aW1QYXB6cTlLTGpCYkFWeWI5cGZBN18xYkM3SmlSeWh2QlUxdWNGX1NVdWRtMDZGeTE0ZlIwdjI0ZzduS3pJbG16RmU0S2VmMDdITE54dlktSjNpWC1SejQ2cG1uQnhKdVQybVlLdw?oc=5) · Cotter Funeral Home
- 2021-10-02 [Joanne "Grandma Jo" G. Shimanek Obituary - Green Bay Press-Gazette](https://news.google.com/rss/articles/CBMiaEFVX3lxTE1XanpmMzFtNWhQeENfM2ZKTjM0WmlLSTduOFpEVEx2eUNHVElnanU0MHl5ZEZ0c21FVUNlR3cweEhiTFg3dFJIbzdkMlZDX2NRbVN5a3YyVXJYMVF4RU1acl9PVWVEZjFS?oc=5) · Green Bay Press-Gazette
- 2022-12-19 [Bank First Announces Four Promotions - Seehafer News](https://news.google.com/rss/articles/CBMigwFBVV95cUxQLXhiRnpLdnJubHB2OGFkUFVnUkFqMkZkV2tfY0UyNTk4dEJNalEwdGJsQmxhNkpjSzAzT3NYd0s1S0laU3FxLXJSeXRZaEZWd25BNnFFbFZwUHoxaVlwTjhrVVIwMjhETWJoMU1OOFJrdXBHdThQd3pwYUlVcGk4X092cw?oc=5) · Seehafer News
- 2024-06-23 [Ronald Cartier info 7 - Newspapers.com](https://news.google.com/rss/articles/CBMijgFBVV95cUxQOHZIbTQ3Q2ZEXzJTYkpKZjEtVDgzRTVyZEpOMllZWDhhOU5paEk1S3hEa3ZSMko4MFpzNlVMdGdzTmhHVC01MDd5UUhrYmp4cDFIOXA0alNrRzVSdjVfa3JoeUl1eVdoZTFuVmVqUFhtMnBsSGQ3MUVXem1ZV21sRnAzdFBOZTlZTVpvaEVR?oc=5) · Newspapers.com
- 2017-09-08 [Denmark State Bank focuses on building trust with customers | Chamber Notebook - Herald Times Reporter](https://news.google.com/rss/articles/CBMixAFBVV95cUxPUHd1T004clYxR1RPV2pBME5nSFpsZDVSTEF5WTd4bnA5YkZoVUJxZmpteGV1QUFPbWpRZFR2REMyV2lXZk5tNndXUzlvMmZhWTdrQkNiQzNBR2Z1NHpaWEtRVjdOZzhyYVN5UHJYa0s2SDNRMHY3Sm9lQ1p2Qm5GMGdWSWNHUmM5Y21zT1ByOFVjME9rVkkxWmpXNmZfWWdDS0h0VkVaeWdhQVdlYkVESE9UNkNtYzRiQ09Ha1VyeDdhbXcw?oc=5) · Herald Times Reporter
- 2020-04-23 [Denmark State Bank continues its growth with eighth location | Chamber Notebook - Herald Times Reporter](https://news.google.com/rss/articles/CBMiuAFBVV95cUxQaTlOOGxhOTRpaGxxWThSZC0zTEluUTVqY2pQa3UtdnAwZjJBcE54OHY2YVhuNW5CTVVsRHVIYjJrZHU3QndVMUl0NEw3UjdCTDdKOEJsNGFNRjk1UkJ3cFhnM1p2NE1RSm9idlFFblh6M09SQVZ0enVhU1luaTJEbHlDUEx1VjEyMHFFWkRqc055Unp3QWNGYkhiVXZlX3c4dkUydTdkMXcxU2tzT3VFSWtiamFiWjRl?oc=5) · Herald Times Reporter

## How to verify

- Page: https://getbookiq.com/bank-desk/#bank=13240 (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/56.json (key "13240", 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