# BLACKHAWK BANK
BELOIT, WI · FDIC certificate 14078 · asset band $1-10B · latest filing 2023-09 · stopped filing (departed)

**Verdict on the desk:** this could be *credit-stressed*. Composite score 2 (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 | $1.47B | |
| Deposits | $1.31B | |
| Loans and leases | $740.2M | |
| Total equity | $154.9M | |
| Loans / deposits | 55.67% (p7 of band) | 85.93% |
| Liquid assets / assets | 40.31% (p88 of band) | |
| Uninsured deposits / deposits | 21.42% (p22 of band) | 30.10% |
| Brokered deposits | 0.00% | |
| Wholesale funding | 0.00% (p4 of band) | |
| FHLB advances / assets | 0.00% | |
| Tier 1 leverage | 5.97% (p1 of band) | 10.02% |
| Unrealized securities loss / equity | -1.11% (p95 of band) | -23.75% |
| AOCI / equity | 23.82% (p100 of band) | |
| ROA (annualized) | 0.29% (p8 of band) | 1.00% |
| Net interest margin | 1.03% (p2 of band) | 3.27% |
| Efficiency ratio | 38.39% (p7 of band) | |
| Noncurrent loans | 0.56% (p71 of band) | 0.30% |
| Net charge-offs (annualized) | 0.00% (p18 of band) | |
| Reserve coverage of noncurrent | 224.44% | |
| Real estate % of loans | 71% | |
| Construction % of loans | 23.66% (p19 of band) | |
| Auto loans | $23.8M (3.21% of loans; DQ 1.77%, NCO 0.00%) | |
| Loans to nondepository financials | $2.6M (2% of equity) (p81 of band) | |
| Deposits YoY | 3.4% | |
| Employees | 227 | |

## Flags firing in the latest filing

- **leverage <7%** (`cap_low`)
- **NIM <2.5%** (`earn_nim`)

## 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 | 1 |  |  |
| 2012-06 | 1 |  |  |
| 2012-09 | 2 | charge-offs p90 |  |
| 2012-12 | 2 |  |  |
| 2013-03 | 2 |  |  |
| 2013-06 | 1 |  | reserve under noncurrent |
| 2013-09 | 2 | reserve under noncurrent |  |
| 2013-12 | 2 |  |  |
| 2014-03 | 2 |  |  |
| 2014-06 | 2 |  |  |
| 2014-09 | 2 |  |  |
| 2014-12 | 2 |  |  |
| 2015-03 | 1 |  | charge-offs p90 |
| 2015-06 | 2 | charge-offs p90 |  |
| 2015-09 | 2 | capital falling | charge-offs p90 |
| 2015-12 | 3 | charge-offs p90 |  |
| 2016-03 | 1 |  | capital falling, charge-offs p90 |
| 2016-06 | 2 | charge-offs p90 |  |
| 2016-09 | 1 |  | charge-offs p90 |
| 2016-12 | 1 |  |  |
| 2017-03 | 3 | noncurrent p90, uninsured deposits leaving |  |
| 2017-06 | 2 |  | noncurrent p90 |
| 2017-09 | 0 |  | reserve under noncurrent, uninsured deposits leaving |
| 2017-12 | 0 |  |  |
| 2018-03 | 2 | brokered >10%, capital falling |  |
| 2018-06 | 2 |  |  |
| 2018-09 | 1 |  | brokered >10% |
| 2018-12 | 0 |  | capital falling |
| 2019-03 | 0 |  |  |
| 2019-06 | 0 |  |  |
| 2019-09 | 0 |  |  |
| 2019-12 | 1 | reserve under noncurrent |  |
| 2020-03 | 2 | charge-offs p90 |  |
| 2020-06 | 2 | capital falling | reserve under noncurrent |
| 2020-09 | 2 |  |  |
| 2020-12 | 1 |  | capital falling |
| 2021-03 | 0 |  | charge-offs p90 |
| 2021-06 | 1 | capital falling |  |
| 2021-09 | 1 |  |  |
| 2021-12 | 0 |  | capital falling |
| 2022-03 | 0 |  |  |
| 2022-06 | 3 | capital falling, AOCI drag >20% of equity, securities losses >30% of equity |  |
| 2022-09 | 2 |  | capital falling |
| 2022-12 | 2 |  |  |
| 2023-03 | 2 | uninsured deposits leaving | AOCI drag >20% of equity |
| 2023-06 | 1 |  | uninsured deposits leaving |
| 2023-09 | 2 | leverage <7%, NIM <2.5% | securities losses >30% of equity |

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

- 2026-05-03 [As local bank mergers ramp up, will banks grow investments on Main Street - or shift money away? | News - GazetteXtra](https://news.google.com/rss/articles/CBMi7gFBVV95cUxNaWNZT0QxbDlueXREUVdHTTI3bGNUZHRuUXRUTHdPdDloeldJZHIxWFRkRXp4Z0k0UDlZNGk2NmZMaGNaTlFlLU51SU9vZzFtdWtCb21jamxKX1FqeU4wTTgta3lmTmdKQTVWdlg0LTNzWGlKeFZGQjhJUkpkMHVkNHJCb1J5a2hHVVdDR21ncmlvSk8xdFY0R3RyVlhDQklFenk4eXlQeUk2QnZ3U0NWRFdaWUhCa0xfbUdCZVVtQUpJMDh4X2QyaDZQT05VdTluSk95alBTUDRUV0VLSTJmSUc2cmdMUHZPTldITDZR?oc=5) · GazetteXtra
- 2023-03-21 [Beloit’s Blackhawk Bank acquired by First Mid - mystateline.com](https://news.google.com/rss/articles/CBMikwFBVV95cUxOUm9hb0g4dW4tSlpVRnRMSnVZN0s0QTJ4a3E5VnlzVVFQaWYtMlVlNF9RR29nR04xTEdDZDJ2dU54WndzdlZGTmtGS3FtVTUxWnVzYkV2M1dGQXJaOXlETDZpTWU1Qjk2Qi16Q0taYUFCMEZVbDNVOV84LUpTeEtBSm9ZZ3RCbGpKRmp5T18wdzlkb1HSAZgBQVVfeXFMTnN0YldqWVl1YjR4ZjRxZEtjRk45Y2pGa05fQXVHMjZLcUt6Q1FGSVlVTnpacEJwbzNZcWxZeWlfaXdUUTBNRHBMSnB4a1NlUVVjdWotdGEtXzlMeVhLY1RJVFRhUFpFb3l1dnh5LXF6Yno3SlpmOEpJbjEzaElkdi0xWlFDNXRISzd2UDNQeFhYVlhpMXJiNkQ?oc=5) · mystateline.com
- 2018-06-22 [Blackhawk Bank announces promotion - Rockford Register Star](https://news.google.com/rss/articles/CBMinAFBVV95cUxOUjVkdHJ0TUZMSnJ6a3BBWnptQVlOQjRudDdGM25ZQTJZaDIyOWlyMzZ6cVFjZkxtaUM2UjZGN3puMlk1VjFRMEE3bmdkY09iR0ZsV0M4TXBLY2FwVzhtSTN5MXBZUmdCeGZOQ3RCZ193NGdzeEhfTUpfMGRGQ1RERURTd1JyYmdBeHBIZWF0dkxhMXZ1RTg5LWc1cGs?oc=5) · Rockford Register Star
- 2023-11-30 [Blackhawk Bank converts to First Mid Bank & Trust over the first December weekend - Illinois Business Journal](https://news.google.com/rss/articles/CBMiuAFBVV95cUxNSDBYRlZZLUFtVjVTaTgyeElHaDFNQWlITEZidkV6ZmhuRmlMQVZDY3FnZFlpWWtLaHdRcWlxQjVNem1aclN0NGhzU1ZGYVVuQTMyQ1o0NnItMXFkN1hpbHNnSUVFX1RYV3c3bERQWEVuajMzLUtFbkRYdy1IU0pWLS1CZFpwSm9UMXBpazFVREJPS0Rmd3kzR21PZWhKb3RYRzJTVzBmOXRIMGQzM3dxVDA0RW9HTWwt?oc=5) · Illinois Business Journal
- 2023-03-21 [Blackhawk Bank based in Beloit merges with Illinois banking firm - Beloit Daily News](https://news.google.com/rss/articles/CBMi-AFBVV95cUxQRWExR3d6bE10VDBuYlpVNU1wX2N6c1NFdENvSTlBOFJESjZXQWhXc1I5M1poY3BKS0NubkVUZEtONlp2cjZ5MUNNbHlpRWhUV1kzNHVGR1RDa3k5ZjFsWWR4R3Y0TnNCRVo0ZnhXMEVsMkZHYkNWUXF4Y3d5dFUtdUxldDVPT3RWVXR4SlFmRmVxdlk0Tl8xcTh0Q2VCaXoxcjBHbnZhQVo4akU1VTJtZWVUS1BfWXFYbFVUZmY0WE0zX19qdy1UeXlBOTk1YTN5Sk9COHkwLXE3TnpOOF9vUjU4SDVucFpuanNpa2tYci1RZGROT2R5Rw?oc=5) · Beloit Daily News
- 2025-07-09 [First Mid upgrades to Jack Henry core banking platform - FinTech Futures](https://news.google.com/rss/articles/CBMisAFBVV95cUxOcEduNzZIOG5STS1xcmtRcWpJclZBOUxmVXdCb1g4eWJEcUNhVS1KQ2xzT3lGbEl0d0xGNWpKYWpONElQZUJrZmpFUXRzNFlDdFdfOXFqLWtnbXpOM2JYTkZkVThMSkg0LTlxZTVPU0JBeEFoOFUxSkpKR1Zsb3JzQ1dnOHdoSlk2RERMTFBiV2xpdTBBeFc1aWNWaWNEUUlWb1hNbUJnV1l6R0JmQno4eQ?oc=5) · FinTech Futures
- 2024-11-20 [Illinois-based bank adds Wisconsin CEO to boards - The Business Journals](https://news.google.com/rss/articles/CBMiqAFBVV95cUxNbkZvT3p5RHo1b1IwVm5TOURCR2cxd2M2eXFMazhZeUd1aEdHR2RjNzJFMUQ3OHdISWhIUjh3UC05SGRyaEZnUGZPTmotcUlkY0twRWVJRTcta0Z0X0xnVnRFNzU1WXo5OVNfNm9MdjRYZXV6U211eUFBcnYtWmNvNUpvVndlc3RFNVRUbEdjYXJlZUVWeXd0QUZVTDRHaDM4cUwwcXBXYm8?oc=5) · The Business Journals
- 2021-12-20 [Couple loses $28K after buying RV from company that claimed to be in Indianapolis - WRTV](https://news.google.com/rss/articles/CBMiwwFBVV95cUxNeVZzZHEtY1ZNcGJEQTdxemF3OTRHc2RHdW9GWm5MLW9ucXJVVW15QjVwYW9rd24zbVU0X21NTm4zLV9uc09TeVQ0alBtY0RJeURvZzZoLWF1Nzl0QjQxUnlFejFqenZveGFndFZRSWF3dmJQYy01cUtNWnBES1dGNldLcFF6RzY4SEc1a3JWVE8zM3p6bzJQR3lIbVloQXI2aFhWT1RUVE9pR2NkbElXaGpjWGFqeWZqQnRhbVdyLWdXYVE?oc=5) · WRTV

## How to verify

- Page: https://getbookiq.com/bank-desk/#bank=14078 (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/62.json (key "14078", 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