# BANK OF ELK RIVER
ELK RIVER, MN · FDIC certificate 1607 · asset band $300M-1B · latest filing 2026-06 · live

**Verdict on the desk:** this could be *run candidate*. 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 | $719.1M | |
| Deposits | $661.2M | |
| Loans and leases | $457.6M | |
| Total equity | $49.0M | |
| Loans / deposits | 68.40% (p23 of band) | 82.04% |
| Liquid assets / assets | 34.50% (p75 of band) | |
| Uninsured deposits / deposits | 16.57% (p17 of band) | 25.97% |
| Brokered deposits | 0.03% | |
| Wholesale funding | 0.73% (p32 of band) | |
| FHLB advances / assets | 0.70% | |
| Tier 1 leverage | 9.14% (p15 of band) | 10.81% |
| Unrealized securities loss / equity | -34.99% (p9 of band) | -8.10% |
| AOCI / equity | -2.90% (p4 of band) | |
| ROA (annualized) | 0.83% (p23 of band) | 1.28% |
| Net interest margin | 3.55% (p31 of band) | 3.91% |
| Efficiency ratio | 69.71% (p72 of band) | |
| Noncurrent loans | 1.20% (p77 of band) | 0.43% |
| Net charge-offs (annualized) | 0.31% (p94 of band) | |
| Reserve coverage of noncurrent | 97.27% | |
| Real estate % of loans | 75% | |
| Construction % of loans | 66.60% (p69 of band) | |
| Auto loans | $9.1M (1.99% of loans; DQ 0.38%, NCO 0.00%) | |
| Loans to nondepository financials | $0 (0% of equity) (p45 of band) | |
| Deposits YoY | 0.8% | |
| Employees | 94 | |

## Flags firing in the latest filing

- **securities losses >30% of equity** (`cap_secloss`)
- **charge-offs p90** (`aq_nco`)
- **reserve under noncurrent** (`aq_reserve`)

## Warning timeline

| Quarter | Score | Flags that first fired | Flags that cleared |
|---|---|---|---|
| 2011-03 | 8 | leverage <7%, leverage <5%, losing money, expense ratio p90, noncurrent p90, reserve under noncurrent, construction >100% equity |  |
| 2011-06 | 9 | charge-offs p90 |  |
| 2011-09 | 7 |  | noncurrent p90, charge-offs p90 |
| 2011-12 | 8 | capital falling, charge-offs p90 | construction >100% equity |
| 2012-03 | 5 | deposits shrinking, assets shrinking | leverage <5%, losing money, expense ratio p90, capital falling |
| 2012-06 | 3 |  | charge-offs p90, assets shrinking |
| 2012-09 | 5 | charge-offs p90, assets shrinking |  |
| 2012-12 | 1 |  | reserve under noncurrent, deposits shrinking, charge-offs p90, assets shrinking |
| 2013-03 | 6 | losing money, expense ratio p90, charge-offs p90, deposits shrinking, assets shrinking |  |
| 2013-06 | 3 |  | losing money, expense ratio p90, charge-offs p90 |
| 2013-09 | 1 |  | deposits shrinking, assets shrinking |
| 2013-12 | 1 |  |  |
| 2014-03 | 1 | charge-offs p90 | leverage <7% |
| 2014-06 | 1 |  |  |
| 2014-09 | 1 |  |  |
| 2014-12 | 0 |  | charge-offs p90 |
| 2015-03 | 0 |  |  |
| 2015-06 | 1 | reserve under noncurrent |  |
| 2015-09 | 1 |  |  |
| 2015-12 | 1 |  |  |
| 2016-03 | 0 |  | reserve under noncurrent |
| 2016-06 | 0 |  |  |
| 2016-09 | 0 |  |  |
| 2016-12 | 0 |  |  |
| 2017-03 | 0 |  |  |
| 2017-06 | 0 |  |  |
| 2017-09 | 0 |  |  |
| 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 | 0 |  |  |
| 2019-12 | 0 |  |  |
| 2020-03 | 1 | capital falling |  |
| 2020-06 | 1 |  |  |
| 2020-09 | 1 |  |  |
| 2020-12 | 1 |  |  |
| 2021-03 | 1 |  |  |
| 2021-06 | 1 |  |  |
| 2021-09 | 0 |  | capital falling |
| 2021-12 | 0 |  |  |
| 2022-03 | 2 | AOCI drag >20% of equity, securities losses >30% of equity |  |
| 2022-06 | 2 |  |  |
| 2022-09 | 3 | construction >100% equity |  |
| 2022-12 | 3 |  |  |
| 2023-03 | 1 |  | AOCI drag >20% of equity, construction >100% equity |
| 2023-06 | 1 |  |  |
| 2023-09 | 3 | construction >100% equity, uninsured deposits leaving |  |
| 2023-12 | 1 |  | construction >100% equity, uninsured deposits leaving |
| 2024-03 | 1 |  |  |
| 2024-06 | 2 | capital falling |  |
| 2024-09 | 1 |  | capital falling |
| 2024-12 | 1 |  |  |
| 2025-03 | 1 |  |  |
| 2025-06 | 1 |  |  |
| 2025-09 | 1 |  |  |
| 2025-12 | 1 |  |  |
| 2026-03 | 2 | charge-offs p90 |  |
| 2026-06 | 3 | reserve under noncurrent |  |

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

- 2026-06-21 [Friendly rivals with deep roots | Elk River Star News - hometownsource.com](https://news.google.com/rss/articles/CBMizAFBVV95cUxNdXkwRWNvR0NYeWh3ZnN1cXloTTl3bzE1N1kwNUxaU0pDNk8wdGwxcHJ4MmZHV2VTalZNVVR1c3RmcWVSOFpyYllURzdaa1JOWF9VS21sbERFcWhqVTZTYVBHNXZmZFo2UXVPN1M2MmNVREFEUS1XWmFqWU1ESXZmem1ZRUNYSHNLQ2VQSl90eWkwaHlpVVJ2Y1hzMkYyNG5tVDRmaU9GZHZfNE9idDNHYlRhUHo0bElVemgxN3NnMUt1bmx6ci05LVJLWkI?oc=5) · hometownsource.com
- 2026-04-13 [The Bank of Elk River promotes LaVigne to president - hometownsource.com](https://news.google.com/rss/articles/CBMi5wFBVV95cUxNUDczS1A1TU8xMGZHNHFnRExjaEw5bXRXM2RLZXRuSmZJS3BfektyNzVfODNPdmZldlhUMl8wSVFOYzRqdXdDckotTklqcFlJTjdpYUZrY3FnWmJzVTBDUEVLTm82VFVJbWpaTS1rY0VCelVLYUFNQ0FoWEtUZTRrbnJQTjhWcFEyb2NBYzE0VC1BcXpuWk5YSHlUd3dFcVdXX2xNdXA0T0ZUR0RWVXo1akU5eHVtTVZhbVV0bWYxX3o4LWhVNXU2NElXa0xjWmJ5WGQyWWU0NVJ4dTE2UzR1M2d5OWRQbXc?oc=5) · hometownsource.com
- 2026-03-13 [The Bank of Elk River breaks ground on new Andover branch - hometownsource.com](https://news.google.com/rss/articles/CBMi7wFBVV95cUxPRkNMT1dkRS1TWVRwNzVLWnJHNlVlUFRpclZCclJjS1FYWnAtUi15NFVnNHV0TXhLOTZ5RnJSZjRUNUVXSHFWN2lmT0FhV09SeUx1T1kxbTNPT0hQdWVic3hTb1RQaFpPN1N2ME1GNTdGeDdZanRhWEY2U0JoeWpReGx2ZXJtWE1vUGxLRzY3a3VkRV9oYVl5bzNUbmFCYTcwaGJfY3VzeURHQXNwWW1wV2liUVkxQUhQbUh2UlpEdFl1OTJZbkcxcElva2dueWUydU1mcXlLTzVFNXRIUXJ5VjdLZk94a3BkVGZDU01SUQ?oc=5) · hometownsource.com
- 2023-07-02 [Remembering the life of Richard Gongoll - Star Tribune](https://news.google.com/rss/articles/CBMiekFVX3lxTE9WcEtGaENOMTQzQnZHdGNfeVZhWlpwUC05VXhlQnFxV3JxMHVrWGRxZ0FnT0h5QWRjYlpOYUtaN21ReUNwZllFNENJTW1QeVpJTzVMOG1yaUlvdEk0NDloYkxDVnZfODMybTJEaTJxaEwyWTdlSzBoMVRR?oc=5) · Star Tribune
- 2026-01-07 [The Bank of Elk River to open Andover branch in 2026 - hometownsource.com](https://news.google.com/rss/articles/CBMi-gFBVV95cUxOdThzWDBaWmFjWnA1YU8yQWR0a0pOd2JLSmc3aTF5LW9ETVVfZ1JNWHlBV2pCNGpJQldTYS1DX2JEWDdpbkRfRWhyWU5YVkFvamRNSGg5YzFBOHZjcXhRWTgyd1dfYlU2c3pCNDB1N3VBUmpCUFF5WjlLU3B3RmxlME9zZmVaY2FxQzF3R1BtRHphcUV5MTBJUUZwb0gwWHdXZElFaElYdHpOOXVEUTdoS0V3WkdLc2RjTkE5cGVJeHp6ZjJtZWx1UG4wQ2dyT0hNMW1HZDBQUkRZOE03aWNEWDZ0cHFDeWg5NWF6RHBoM2FTT1laSEIwMlNR?oc=5) · hometownsource.com
- 2022-07-15 [Catherine Babcock Obituary (1954 - 2022) - Los Angeles, California, MN - Elk River Star News - legacy.com](https://news.google.com/rss/articles/CBMiogFBVV95cUxPMlR6QlVNWkhsVkJHZ2g1eWpFSVFwM3VORGhGRy1mdHBhQTFIRG56TWZwaTJvSEl6VUxyMEFxX0YtMmd6SGk1eXMyUk5VOU9LNWNSTUw1a1ota29QOEJpeXNnclhBOG5ZdG5sTHlsRFp2RU9BWDVZOUo3dGM3eTNYTjV1OHo4RGNLWWUxbU1Yc1NDSUN0UjBrS3dMeWFlaXlqS3c?oc=5) · legacy.com
- 2025-01-17 [Remembering the life of Kristin Louise Lorenz - Star Tribune](https://news.google.com/rss/articles/CBMiggFBVV95cUxQLWtBM2NlY0dJdDJBS3kySTA4blJzLTkxUnA2RkNiREE2bUNzb294N1JmZlRoVm14d3ZkTko5aFBMem9RaDFta01UV0o4T0JqRlJzaGdWbGFBbFRxT0RVVm4yYUxHT0FVOG1NQXpjX044MWdpQjBYTnYwekRYYjZiSEJB?oc=5) · Star Tribune
- 2025-09-25 [Stewart Wilson of Elk River honored for 50 years in community banking - hometownsource.com](https://news.google.com/rss/articles/CBMi_wFBVV95cUxON0V6SGp1emhQQXlQQ0JQbzlxVHNIWDh2a29ldHByZ19JaVF0dU5QOUFyRmlneUNFY3dOWTNhR25qNHFsamtmS0ZfNWxZaXVNUjRsOVJxYnA4YmdoR3R4VUJaUm5RVGVGMEF3R21WUnFJZWpkZ2Ixd1ZWTmo1RFRjcFBvMGJCSHFpb0Y5c1BKZjV3eWxGWk9fOTNTN3l2Vm9aaWhtMS0wTFhuZ1lYR1J2TjNlV3pQR3NCY1dydEhIWUFEZ1FRV3hxanRIMk5nQnhHc3dtTzhOOXc4NldyWkppTFdYTWdtNy1wNngzd2lIWnR4MHhPR3k1ZXRWY3BMRUk?oc=5) · hometownsource.com

## How to verify

- Page: https://getbookiq.com/bank-desk/#bank=1607 (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/7.json (key "1607", 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