# WAUKESHA STATE BANK
WAUKESHA, WI · FDIC certificate 16160 · asset band $1-10B · latest filing 2026-06 · live

**Verdict on the desk:** this could be *fortress*. Composite score 1 (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 | $1.62B | |
| Deposits | $1.29B | |
| Loans and leases | $1.21B | |
| Total equity | $177.7M | |
| Loans / deposits | 93.16% (p68 of band) | 87.10% |
| Liquid assets / assets | 19.05% (p41 of band) | |
| Uninsured deposits / deposits | 30.10% (p47 of band) | 30.76% |
| Brokered deposits | 0.52% | |
| Wholesale funding | 9.68% (p63 of band) | |
| FHLB advances / assets | 3.74% | |
| Tier 1 leverage | 11.51% (p70 of band) | 10.50% |
| Unrealized securities loss / equity | -5.21% (p62 of band) | -7.75% |
| AOCI / equity | -1.54% (p8 of band) | |
| ROA (annualized) | 2.38% (p95 of band) | 1.26% |
| Net interest margin | 4.46% (p86 of band) | 3.70% |
| Efficiency ratio | 55.57% (p40 of band) | |
| Noncurrent loans | 0.25% (p27 of band) | 0.51% |
| Net charge-offs (annualized) | 0.01% (p38 of band) | |
| Reserve coverage of noncurrent | 382.87% | |
| Real estate % of loans | 89% | |
| Construction % of loans | 112.56% (p92 of band) | |
| Auto loans | $259,000 (0.02% of loans; DQ 0.00%, NCO 0.00%) | |
| Loans to nondepository financials | $10.3M (6% of equity) (p84 of band) | |
| Deposits YoY | 1.9% | |
| Employees | 337 | |

## Flags firing in the latest filing

- **construction >100% equity** (`conc_construction`)

## Warning timeline

| Quarter | Score | Flags that first fired | Flags that cleared |
|---|---|---|---|
| 2011-03 | 1 | reserve under noncurrent |  |
| 2011-06 | 0 |  | reserve under noncurrent |
| 2011-09 | 0 |  |  |
| 2011-12 | 1 | reserve under noncurrent |  |
| 2012-03 | 1 | expense ratio p90 | reserve under noncurrent |
| 2012-06 | 1 | capital falling | expense ratio p90 |
| 2012-09 | 0 |  | capital falling |
| 2012-12 | 0 |  |  |
| 2013-03 | 1 | expense ratio p90 |  |
| 2013-06 | 0 |  | expense ratio p90 |
| 2013-09 | 0 |  |  |
| 2013-12 | 0 |  |  |
| 2014-03 | 2 | capital falling, expense ratio p90 |  |
| 2014-06 | 0 |  | capital falling, expense ratio p90 |
| 2014-09 | 0 |  |  |
| 2014-12 | 0 |  |  |
| 2015-03 | 1 | capital falling |  |
| 2015-06 | 0 |  | capital falling |
| 2015-09 | 0 |  |  |
| 2015-12 | 0 |  |  |
| 2016-03 | 0 |  |  |
| 2016-06 | 0 |  |  |
| 2016-09 | 0 |  |  |
| 2016-12 | 0 |  |  |
| 2017-03 | 1 | capital falling |  |
| 2017-06 | 0 |  | capital falling |
| 2017-09 | 0 |  |  |
| 2017-12 | 0 |  |  |
| 2018-03 | 1 | capital falling |  |
| 2018-06 | 0 |  | capital falling |
| 2018-09 | 0 |  |  |
| 2018-12 | 0 |  |  |
| 2019-03 | 1 | capital falling |  |
| 2019-06 | 0 |  | capital falling |
| 2019-09 | 0 |  |  |
| 2019-12 | 0 |  |  |
| 2020-03 | 0 |  |  |
| 2020-06 | 1 | capital falling |  |
| 2020-09 | 0 |  | capital falling |
| 2020-12 | 0 |  |  |
| 2021-03 | 1 | capital falling |  |
| 2021-06 | 0 |  | capital falling |
| 2021-09 | 0 |  |  |
| 2021-12 | 0 |  |  |
| 2022-03 | 1 | capital falling |  |
| 2022-06 | 1 | AOCI drag >20% of equity | capital falling |
| 2022-09 | 1 |  |  |
| 2022-12 | 2 | capital falling |  |
| 2023-03 | 1 |  | AOCI drag >20% of equity |
| 2023-06 | 0 |  | capital falling |
| 2023-09 | 2 | deposits shrinking, uninsured deposits leaving |  |
| 2023-12 | 0 |  | deposits shrinking, uninsured deposits leaving |
| 2024-03 | 0 |  |  |
| 2024-06 | 0 |  |  |
| 2024-09 | 0 |  |  |
| 2024-12 | 0 |  |  |
| 2025-03 | 1 | capital falling |  |
| 2025-06 | 0 |  | capital falling |
| 2025-09 | 0 |  |  |
| 2025-12 | 0 |  |  |
| 2026-03 | 1 | construction >100% equity |  |
| 2026-06 | 1 |  |  |

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

- 2026-06-15 [Waukesha State Bank buys Pewaukee office building to support its growth - BizTimes - Milwaukee Business News](https://news.google.com/rss/articles/CBMimAFBVV95cUxONTVHVEs1YjNRUWdGb2lFZGRHX3VaeDVDMmMwN0ptRjZPYkZNU2lZNW53c3BkQnowRkpFRm1zeTBFQVpPMFBoT240UGRXSU8tS3JGX0dNLVNQWHhjVG1taTFzQTZNVzh0N1NLQzUwYWhDZ18xLTNJNEFYMjNaU3NDMVJEVjhRN1I3dHhsSXZtTmFJdWlSdUxncw?oc=5) · BizTimes - Milwaukee Business News
- 2026-06-17 [Waukesha State Bank buys office building to support growth - The Business Journals](https://news.google.com/rss/articles/CBMirAFBVV95cUxPYjQ5QlZMQklaMk5IcjdzSzdUa3RDN3BXaWo0OXd0SVhDdlk1cVRfdVhTbVJUejBPR0x6b0g5a0FublVLTlNOd0FLQl9FWExvMjdURkpCMnZ5dlhFMWlwYmRDcXV2Z2VfWDRXdHMwV3FqWlVJMHFudVRwWE9uNDhtWXhuSlJ6RlpyaGxvMDF5MlpEcTdpOWdSTjFqVkhaaTI4Qy02MVl2Nk1neTVn?oc=5) · The Business Journals
- 2026-07-21 [Prairie Trust, a Division of Waukesha State Bank – Face of Trust Services - Milwaukee Magazine](https://news.google.com/rss/articles/CBMiogFBVV95cUxPSmFuRVN3N3JrU0NPN1V2c2xOSkhQWk9VMjBmRWp1UTlvZnB2akpnRnliNjZzNDIxVmhlY241ZUJ5LXREZDk0aFBXcnlLUkRUX3I4NnBPNEpsZ190WlVZcHZ3TGZHbVZJSjJHUVNONjhBelNhcVdxOEJfdTFsWHY0RGNwQ1FGSDllaFU3QXUydTBIOEJSMXpKSEJsMGhqbDFyeVE?oc=5) · Milwaukee Magazine
- 2026-04-08 [Hartland seeks determination of fair price for future village hall site | Waukesha Co. News - GMToday.com](https://news.google.com/rss/articles/CBMiuAFBVV95cUxPV21zbzhDQUhMRWpfeHVGTXgtY2RCcnRaT3VUU3JVaml2QjRpYU9rM1lBR3VURnNzUGtCYXZwXzB2a0U1QW9FSUpRTXQwM3dTWF9mWW50MXlqLV9mRDYwclk5a21GU3duY2ZKVElYTklsVDBpWHU3b3FLLXdoZng0dUFzWFBwNW9KemNpRnBUZUY4WWdqX2pZc2psNGZIbkhhQWNtdVZHSGV5R0tIV2dFZG1DT2FnZmdS?oc=5) · GMToday.com
- 2026-07-16 [Wisconsin's Oldest County Fair Turns 184 Years Old! - TMJ4 News](https://news.google.com/rss/articles/CBMimgFBVV95cUxNdE1qaWJIQnYtSFpoS0JtNklvU1M1N0dfOHl0VnVHYWJxWHFkb0habnRDMEM2a0o1eDhJeEh4OVJpRm02Y3NXdmJoN0c3eG0yZ2JTS2tCczRjLWU0RnR6Y0xZMWd1UUlMLS1wOTg2amZhLVNVaWVEekpGeExMVzNXN05ZZnNEN3pTWVJKWGFkcTRzUW90M01QZU13?oc=5) · TMJ4 News
- 2026-07-06 [Waukesha State Bank snaps up former Ruekert & Mielke HQ for $13.35M - The Business Journals](https://news.google.com/rss/articles/CBMimAFBVV95cUxQYXh4QmhBTW1ramZkTkVQd1JwWDluaHJscmZIR2p2ZVE4LTlwX05rNzdqZFZJVEdPbGVfcU9ULVhCQkNXNldlTGxJZENJaEZNbWF4SW8ycXllMWwybThVM2tFVC12LXBDMGlXWFd0UXNfNkdSYmVyUlpUMnZ6M3cwX3hOcTllSGtwQXV1NEN3MXFRVjV3ajRBaQ?oc=5) · The Business Journals
- 2026-02-10 [Waukesha State Bank completes renovation at location that opened in 1988 - The Business Journals](https://news.google.com/rss/articles/CBMipgFBVV95cUxPaGVxSHNIVEpjNHBUWndzM09RalJxSFRZODAzdFhJQW5GZE43YndFTkdpa055UTFzY0c4dm5iOTBvaU9UcDdkcFdXM0FfNzZldjAtODA3bFppUmpPa05sMTE2U0d1QmlPRXJseGZodlRqSHluMXN4ZzlISHRXb0x1SFlWWG5wUDE4UUlDNjBlS2xoZGh2Sk1vS1JEZVMzQlFEWDZ2WGln?oc=5) · The Business Journals
- 2021-04-16 [Don L. Taylor Obituary Apr 16, 2021 - Randle-Dable-Brisk Funeral Home](https://news.google.com/rss/articles/CBMicEFVX3lxTE1aQk5NNWtvNEJTYTJNMl9vM0h5VGpLWGp5LUFqRS1LQ0hHdWY5N0dyNlZUWHM1Y3hRa3FRR05qR1dRQlVrTlYyQWdyS18wN1ZRVjl2NVo1eHMzcm1iRzg4MVNPcHllQ3huNEdwRTRBb1U?oc=5) · Randle-Dable-Brisk Funeral Home

## How to verify

- Page: https://getbookiq.com/bank-desk/#bank=16160 (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/32.json (key "16160", 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