# FIRST BUSINESS BANK
MADISON, WI · FDIC certificate 15229 · asset band $1-10B · latest filing 2026-06 · live

**Verdict on the desk:** this could be *funding-stretched*. Composite score 3 (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 | $4.41B | |
| Deposits | $3.60B | |
| Loans and leases | $3.59B | |
| Total equity | $448.6M | |
| Loans / deposits | 98.68% (p82 of band) | 87.10% |
| Liquid assets / assets | 13.10% (p14 of band) | |
| Uninsured deposits / deposits | 33.17% (p57 of band) | 30.76% |
| Brokered deposits | 21.68% | |
| Wholesale funding | 28.45% (p95 of band) | |
| FHLB advances / assets | 6.62% | |
| Tier 1 leverage | 10.37% (p47 of band) | 10.50% |
| Unrealized securities loss / equity | -3.73% (p70 of band) | -7.75% |
| AOCI / equity | 0.51% (p93 of band) | |
| ROA (annualized) | 1.41% (p63 of band) | 1.26% |
| Net interest margin | 3.80% (p56 of band) | 3.70% |
| Efficiency ratio | 58.08% (p47 of band) | |
| Noncurrent loans | 1.06% (p75 of band) | 0.51% |
| Net charge-offs (annualized) | 0.15% (p81 of band) | |
| Reserve coverage of noncurrent | 98.24% | |
| Real estate % of loans | 59% | |
| Construction % of loans | 52.30% (p56 of band) | |
| Auto loans | $0 (0.00% of loans; DQ –, NCO 0.00%) | |
| Loans to nondepository financials | $0 (0% of equity) (p35 of band) | |
| Deposits YoY | 8.6% | |
| Employees | 347 | |

## Flags firing in the latest filing

- **brokered >10%** (`liq_brokered`)
- **wholesale funding >15%** (`liq_wholesale`)
- **reserve under noncurrent** (`aq_reserve`)

## Warning timeline

| Quarter | Score | Flags that first fired | Flags that cleared |
|---|---|---|---|
| 2011-03 | 3 | brokered >10%, wholesale funding >15%, reserve under noncurrent |  |
| 2011-06 | 3 |  |  |
| 2011-09 | 3 |  |  |
| 2011-12 | 3 |  |  |
| 2012-03 | 3 |  |  |
| 2012-06 | 2 |  | reserve under noncurrent |
| 2012-09 | 2 |  |  |
| 2012-12 | 2 |  |  |
| 2013-03 | 2 |  |  |
| 2013-06 | 2 |  |  |
| 2013-09 | 2 |  |  |
| 2013-12 | 3 | reserve under noncurrent |  |
| 2014-03 | 3 |  |  |
| 2014-06 | 3 |  |  |
| 2014-09 | 4 | capital falling |  |
| 2014-12 | 3 |  | reserve under noncurrent |
| 2015-03 | 2 |  | capital falling |
| 2015-06 | 3 | reserve under noncurrent |  |
| 2015-09 | 2 |  | reserve under noncurrent |
| 2015-12 | 3 | reserve under noncurrent |  |
| 2016-03 | 5 | capital falling, construction >100% equity |  |
| 2016-06 | 2 |  | reserve under noncurrent, capital falling, construction >100% equity |
| 2016-09 | 2 |  |  |
| 2016-12 | 2 |  |  |
| 2017-03 | 2 |  |  |
| 2017-06 | 5 | noncurrent p90, charge-offs p90, reserve under noncurrent |  |
| 2017-09 | 6 | loans exceed deposits |  |
| 2017-12 | 8 | uninsured deposits >50%, run vulnerability |  |
| 2018-03 | 7 | capital falling, construction >100% equity | noncurrent p90, uninsured deposits >50%, run vulnerability |
| 2018-06 | 10 | noncurrent p90, deposits shrinking, uninsured deposits leaving |  |
| 2018-09 | 5 |  | charge-offs p90, capital falling, construction >100% equity, deposits shrinking, uninsured deposits leaving |
| 2018-12 | 5 | uninsured deposits leaving | noncurrent p90 |
| 2019-03 | 5 | construction >100% equity | uninsured deposits leaving |
| 2019-06 | 5 |  |  |
| 2019-09 | 4 | capital falling | brokered >10%, construction >100% equity |
| 2019-12 | 2 |  | wholesale funding >15%, capital falling |
| 2020-03 | 4 | wholesale funding >15%, noncurrent p90 |  |
| 2020-06 | 4 | liquid assets <10%, capital falling | reserve under noncurrent, noncurrent p90 |
| 2020-09 | 5 | noncurrent p90, reserve under noncurrent | liquid assets <10% |
| 2020-12 | 4 | charge-offs p90 | noncurrent p90, reserve under noncurrent |
| 2021-03 | 3 | liquid assets <10% | capital falling, charge-offs p90 |
| 2021-06 | 2 | uninsured deposits >50% | loans exceed deposits, liquid assets <10% |
| 2021-09 | 2 | loans exceed deposits | uninsured deposits >50% |
| 2021-12 | 4 | uninsured deposits >50%, run vulnerability |  |
| 2022-03 | 3 |  | wholesale funding >15% |
| 2022-06 | 3 | wholesale funding >15%, deposits shrinking | uninsured deposits >50%, run vulnerability |
| 2022-09 | 2 |  | deposits shrinking |
| 2022-12 | 2 |  |  |
| 2023-03 | 4 | brokered >10%, capital falling |  |
| 2023-06 | 4 |  |  |
| 2023-09 | 3 |  | capital falling |
| 2023-12 | 3 |  |  |
| 2024-03 | 4 | capital falling |  |
| 2024-06 | 3 |  | capital falling |
| 2024-09 | 3 |  |  |
| 2024-12 | 2 |  | loans exceed deposits |
| 2025-03 | 3 | charge-offs p90 |  |
| 2025-06 | 2 |  | charge-offs p90 |
| 2025-09 | 2 |  |  |
| 2025-12 | 3 | reserve under noncurrent |  |
| 2026-03 | 3 |  |  |
| 2026-06 | 3 |  |  |

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

- 2026-06-23 [Marcos Vega joins First Business Bank as VP of Specialty Deposits - In Business Madison](https://news.google.com/rss/articles/CBMikgFBVV95cUxOenlFTnRvVm9RSG5lX2NiUFhTRlg1dUMyY25ZV1R2MEZRWndLWml0cmJMRTNMN084S3MxS29wSmhXN0h2QXltdldiUzVzYUZaejJ0NVFHSVRJb3FmX05lejFjeUhRYjZ0elNwOGhhbEVXUlBNX0RGMDRNU1djcmRybS1ta09PaUVNakFHdUJZS291dw?oc=5) · In Business Madison
- 2026-04-23 [First Business Bank Announces First Quarter 2026 Financial Results - Business Wire](https://news.google.com/rss/articles/CBMiwAFBVV95cUxQaVhGd25pSWZ2NUZXa0NxOERIZ1B3VThnbmJoNlc3ZEhFUXFMZldlb19IcW5Ob3hNS013X3Mxb1FIcWNmaUJTYmRQejZaR3JUMFNoUmhFWEpRQ1p4V0l6eW1LMjZBOWdtTXVNUEg4NWVRSmhJRVg2c3hOWE1LSW5qaGJEdnVnVkY2SFZHOXVsZTJDczZsQVVsOXpIek8xcUwzNldpemNMZFJ0TV8xVGlHZi1Gc2NYMVRhUXMtamE5WGo?oc=5) · Business Wire
- 2026-07-31 [Leawood bank hires former CrossFirst executive to accelerate local growth - The Business Journals](https://news.google.com/rss/articles/CBMipgFBVV95cUxPUTBjX0R0RGdGVk9TUzlsT1dVbVFJU0RkUWxrcTNRYkZ4SENnSlNkeFZJdDExM19kTllkby1lVjUyakJ6SEhBX1Z2QTFndmpaVjY3cmdfUGs0THVsT2lFWjlQNGtvd0ZpbG9PenUxWnl6eENEck4tcW5Gc3ZOSXVxd2NXT3dFWkd2VV9NbnFfNDBvdTNaX1hWS0o2TUU5Tm1pQm5seWFR?oc=5) · The Business Journals
- 2026-07-31 [First Business Bank Q2 2026 slides: record earnings, margin expansion - Investing.com](https://news.google.com/rss/articles/CBMiwgFBVV95cUxQREFfUjRLUUlSc3lvMWRjZ1UtM05oX0VGaUdTY0x3ZE5nclY0eUt3VkRTNXU4SDhuZWhtN0h6WlRueXFBeWxEdFp2QlFPQ0xqS08xdTczVjJaTWNTNnoyTWRFSGhNY21Ea3F0Y3Q3V1NKQkFGdVc3UHpFdTRTdzcxVExKV0xyVUVBdzlEV0pESkQwMjJIZUM4TFoySV9hZzllei1kY2EwbFBxaERYMGxkdy1CaEpRVWtFaThLcU16OVIxQQ?oc=5) · Investing.com
- 2026-07-30 [First Business Bank Announces Second Quarter 2026 Financial Results - Business Wire](https://news.google.com/rss/articles/CBMiwgFBVV95cUxQMnBsSHVnVU1lMURJc1FtaTNrMFBRQVVmdmJ5elVLMXlyYlBQT3loR0hKTGpVR3VpaFpSM1EtVUYtNl9WS0tlRjlGdllQbzVfV2VpNERLZ1NkdnlmNmtLZlBINUdTeklWMXlTdnJwbklpUEI3bWVZZjZUX1Z0d0RpaTdIOWVZZkw0X1R5aGdKYkQ3WWV0b3NuSVBzNURLendoQ1Y0am43clRGVXJxUUp4b21RbUllb3Z0ZTB2cm5VYjJxZw?oc=5) · Business Wire
- 2018-10-01 [Dustin Van Peursem Joins First Business Bank - Urban Milwaukee](https://news.google.com/rss/articles/CBMijgFBVV95cUxQaEQ2UHU0WXhaV2FiX1E2N2VwTEU3Z0lNYmJsYWd4VXg3QUZKc2VfVGFHOWdyQzdjNGdiU2UwWk9saDVyeEhBVVFBX3dwZndKeVFKbEF1bjRFbUtkSE12YWJFUi1idWFUbUt2WDU5TEtaTGg4dVNkOWcybEZiNUswSUdFaEo4bXNmRU9TY09B?oc=5) · Urban Milwaukee
- 2022-04-18 [First Business Bank Promotes Preston to SVP, Director of Treasury Management - ABF Journal](https://news.google.com/rss/articles/CBMipgFBVV95cUxNMVVsNDItUUFjYlJrLTRRZUVlN1l6NWFOMGlyT3JtRHBQbVFkSEhmRjVrc1czNFZqVG9tMjM0NkotanRoQ1VibDYxYnBVY0x5dmxKUUVhV2VIYlo5cEdWam15czhJMlZnWnhRRGtwV0s0QTVBejBiYkZtbE9GNlFvQ0V6eUhIREM5dWM3dWFaUzlyS0hfM1hiY3pwRVVHU0sxT3dGQlZR?oc=5) · ABF Journal
- 2012-06-11 [First Business Bank-Milwaukee - BizTimes - Milwaukee Business News](https://news.google.com/rss/articles/CBMiYEFVX3lxTFBDSzZpcGxLd0gzZS1KLTRnOVMwS1J5ZWVmVmNLTUhBT01GRjJXei1KMzR4SS1kZTlpbUxlZEIwQURjdWptdHFRcE91ZTZ4ZHJtX3hoYVRaZmZlNW5zQTNlXw?oc=5) · BizTimes - Milwaukee Business News

## How to verify

- Page: https://getbookiq.com/bank-desk/#bank=15229 (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/61.json (key "15229", 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