# FIRST NATIONAL BANK
WAUPACA, WI · FDIC certificate 15149 · asset band $300M-1B · latest filing 2017-09 · stopped filing (departed)

**Verdict on the desk:** this could be *credit-stressed*. 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 | $429.1M | |
| Deposits | $353.2M | |
| Loans and leases | $350.7M | |
| Total equity | $74.6M | |
| Loans / deposits | 94.15% (p72 of band) | 85.45% |
| Liquid assets / assets | 18.25% (p33 of band) | |
| Uninsured deposits / deposits | 5.49% (p3 of band) | 21.11% |
| Brokered deposits | 0.00% | |
| Wholesale funding | 0.00% (p6 of band) | |
| FHLB advances / assets | 0.00% | |
| Tier 1 leverage | 17.03% (p96 of band) | 10.27% |
| Unrealized securities loss / equity | -0.21% (p33 of band) | 0.09% |
| AOCI / equity | 0.61% (p42 of band) | |
| ROA (annualized) | 0.85% (p38 of band) | 0.96% |
| Net interest margin | 4.26% (p84 of band) | 3.65% |
| Efficiency ratio | 80.68% (p89 of band) | |
| Noncurrent loans | 5.27% (p98 of band) | 0.60% |
| Net charge-offs (annualized) | 0.11% (p80 of band) | |
| Reserve coverage of noncurrent | 98.42% | |
| Real estate % of loans | 87% | |
| Construction % of loans | 14.81% (p22 of band) | |
| Auto loans | $997,000 (0.28% of loans; DQ 4.31%, NCO 0.00%) | |
| Loans to nondepository financials | $0 (0% of equity) (p44 of band) | |
| Deposits YoY | -14.8% | |
| Employees | 96 | |

## Flags firing in the latest filing

- **noncurrent p90** (`aq_noncurrent`)
- **reserve under noncurrent** (`aq_reserve`)
- **deposits shrinking** (`shrink_deposits`)
- **assets shrinking** (`shrink_assets`)

## Warning timeline

| Quarter | Score | Flags that first fired | Flags that cleared |
|---|---|---|---|
| 2011-03 | 3 | brokered >10%, liquid assets <10%, reserve under noncurrent |  |
| 2011-06 | 3 |  |  |
| 2011-09 | 2 |  | reserve under noncurrent |
| 2011-12 | 2 |  |  |
| 2012-03 | 5 | loans exceed deposits, charge-offs p90, reserve under noncurrent |  |
| 2012-06 | 4 |  | charge-offs p90 |
| 2012-09 | 5 | uninsured deposits leaving |  |
| 2012-12 | 4 |  | uninsured deposits leaving |
| 2013-03 | 4 | capital falling, charge-offs p90 | loans exceed deposits, reserve under noncurrent |
| 2013-06 | 6 | loans exceed deposits, reserve under noncurrent |  |
| 2013-09 | 7 | wholesale funding >15%, noncurrent p90 | capital falling |
| 2013-12 | 6 |  | wholesale funding >15% |
| 2014-03 | 7 | deposits shrinking, assets shrinking | charge-offs p90 |
| 2014-06 | 5 | charge-offs p90 | loans exceed deposits, deposits shrinking, assets shrinking |
| 2014-09 | 4 |  | liquid assets <10% |
| 2014-12 | 6 | capital falling, losing money |  |
| 2015-03 | 7 | wholesale funding >15%, deposits shrinking, assets shrinking, uninsured deposits leaving | charge-offs p90, capital falling, losing money |
| 2015-06 | 7 |  |  |
| 2015-09 | 6 | charge-offs p90 | brokered >10%, wholesale funding >15% |
| 2015-12 | 6 |  |  |
| 2016-03 | 5 |  | charge-offs p90 |
| 2016-06 | 5 |  |  |
| 2016-09 | 8 | losing money, expense ratio p90, charge-offs p90 |  |
| 2016-12 | 8 | capital falling | expense ratio p90 |
| 2017-03 | 5 |  | losing money, charge-offs p90, capital falling |
| 2017-06 | 6 | expense ratio p90 |  |
| 2017-09 | 4 |  | uninsured deposits leaving, expense ratio p90 |

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

- 2026-04-28 [Suspect in custody after stabbing at First National Bank in River Falls - WEAU](https://news.google.com/rss/articles/CBMimwFBVV95cUxNN193ZVdHSXBDRjBnNGZIWWhSQmpEYzNOTGJqRFlfeHpCWlRfbjktNDFvSkJyNGFoaU9xanNPcmdqamVXbmM3WHp2Wktyc0hFc292dTNlM25ZUDdlb0xHSkVDbDlHRUdVUFBvTXlOblNoVURZZ0prSHA5dmZ6Yjl2OW1UdEhPMlpxTWEzVHB3OF9MN3lHZUdKNmRHVQ?oc=5) · WEAU
- 2026-01-05 [Some First National Bank and Trust branches close - Beloit Daily News](https://news.google.com/rss/articles/CBMi5AFBVV95cUxPSDFYRXI4RF9yWEhyUl9EM0FaSmp3bUtacW9fdlBnc3hoY1BYRF90bVBiMy1hTFl1NjZiRWNNejZpc09GdDVfQnZPVlNFWDdsVnNyNlk4VncxczktTVdlWlNIWnJxTFJVb3FkTXh1OTQyM0lLLUZzN3QzR1hKekIwcHFkNWNQMmNyZ0o3aW5MOEpsOEtiQUFmazZNVHZNdGU2TmxNbTBNdEU3M0tjeDJSaC1MWm1RYlAzck5YdU42bEt3RXVIR2N6QVRJak5Cd3lCMExGSXZyUjA5aUNnb3hnbnIwRE0?oc=5) · Beloit Daily News
- 2026-04-21 [First National Bank of River Falls named recipient of Governor's Financial Literacy Award - Hudson Star Observer](https://news.google.com/rss/articles/CBMiigJBVV95cUxQaXE0RndDZFZGOTFNZnF0RWhDS2xNbm9SWW9YeUNsNTJUZDc5eTVCbjIwMTR0REw3bDFRM3NfdmdESXZwOThEY1Q5SXVuQTgzeTVEYWxXSS1mTkdjTEs4d1VhR1hzVmMzRjh5SldSRXBuS3o1bU9zNXNsbzBIN0t3T0M4aWlidG5ZN2d5RkRDSk1rT2lSTHVwZlkwZWt4SFY2QVMzcHE2ZFdTY1dwc245VGxhSG1Bam5tZnZ2RnBpRmRTdzh6c3VGZC1MUFdmekZqQ1BXWGNyb25iZGxlQ2RmcENEWm1jMWJ2RUc2bEd3SUJpTlIwTkFoTGtuWDBNdjJNTDJVcnJKYlU5QQ?oc=5) · Hudson Star Observer
- 2026-02-18 [List Of Failed Banks: 2009-2026 - Bankrate](https://news.google.com/rss/articles/CBMiZEFVX3lxTFAtbi1TaWMteGEyOHdQbnlXd0tPRzM2WFJQZjdPdzViQTZFLVVHODJRTEdqRWhnMkxIOG5xMUVSWU5iNHZSbVpnQ2Z4TWdiMDVwN2NTdUNGd3dXZ2tGcGZ2VWVJRnM?oc=5) · Bankrate
- 2026-01-29 [Bank First to close Beloit facilities, lay off 47 employees - WIFR](https://news.google.com/rss/articles/CBMiowFBVV95cUxOR2ZPWU9UVHctZHZTaTVFc2l3NDhXVW1IblFrMzVzMWUwUVNTOUZRTHpyUTdhZGl0cVBzaU84UDA0MjV1WjFuQW5vYmJvNy00TzNiTEMyYjZhNnhfRUtrU1paeGxPbVVSbFp6dEllYW1TMDB6cTFWcG4ya1pBZGpRWXhXUjlLWjRtRUx1QnU1bzc0ZG1ET1ZLdVBNMnJHWmJfU0pZ?oc=5) · WIFR
- 2026-04-28 [UPDATE: Charges filed in attempted RF bank robbery - Pierce County Journal](https://news.google.com/rss/articles/CBMizgFBVV95cUxQVTFyYmR0cjNZVFFvS3FIT0RYODRJcUtoa0NEN3VoWG9vU0lOQW84TkZpVllkbERyWC1RWE1hVnZTRVlRWkNoTVJxaW8wVmlmbEdnVXV0d2JCRS1kQ3UxQjlMV1hKeTlWNEdhdTRialZzY00xaVpiNU00eXg1V3ZjMjJDXzBYYVVQdVVCWmRzS2Y3enJxRzVxZ3Z6WGRRZm9qODNBZXB2WV95WTRtMExmNHgyOUxZeGUydGJ5VlRIS0c4N2Y3Mkp6WGJ3Uk5LQQ?oc=5) · Pierce County Journal
- 2025-12-12 [Bank First acquisition prompts closure of 6 bank branches - The Business Journals](https://news.google.com/rss/articles/CBMimgFBVV95cUxQQmVtdGlmejkwYXZRZjFaaS1RNE1UbGt2RksyX1pFdmJJV3RDdnA5dk1kVDlHY2lhTjZpTjRFTlZPZVB3My1VU19mVUVKUVhDM1g4V0NGODNlVFo3MUMtN1ZvVnpMaXNiTmcweHZKVFBvWDZmc0ZHVldvVGFlZkFvT0NVdHA5RFlWYlR2TnNkM01JVTJHNnRQSS1n?oc=5) · The Business Journals
- 2026-01-14 [COLUMN: First National, steady force in Beloit history - Beloit Daily News](https://news.google.com/rss/articles/CBMi2gFBVV95cUxQVldQTmpucEMxeEFwdzZ0RllmclZhcTJkeno3Qms5emZ3MWJWYkJDbmp3akRPY2ZZa3VNTGZHcVgwLVE1WnUxNnZaVFVXMVlYXzlVeXdWUkZPbThlWDJqdXpEcU01YVJlTTBLYW41S05PeUk5azk2LVlpSkl1dEVBOVZNaUd0dVEzNm9aNEc1cVQyZFJpV1ZBMHhZb010OFJTYjJLV21NUUlhUGo3ZVJqd05VWlcwY29zaUhMeGdFam5QZWd1NzVNS3JCMEdZRXUtR0pya1pmTDh6dw?oc=5) · Beloit Daily News

## How to verify

- Page: https://getbookiq.com/bank-desk/#bank=15149 (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/45.json (key "15149", 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