# FIRST MINNETONKA CITY BANK
MINNETONKA, MN · FDIC certificate 19188 · asset band <$300M · latest filing 2024-09 · stopped filing (departed)

**Verdict on the desk:** this could be *run candidate*. 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 | $241.1M | |
| Deposits | $215.5M | |
| Loans and leases | $129.3M | |
| Total equity | $21.1M | |
| Loans / deposits | 59.30% (p30 of band) | 72.07% |
| Liquid assets / assets | 42.87% (p68 of band) | |
| Uninsured deposits / deposits | 15.41% (p36 of band) | 18.87% |
| Brokered deposits | 0.00% | |
| Wholesale funding | 1.49% (p47 of band) | |
| FHLB advances / assets | 0.00% | |
| Tier 1 leverage | 11.18% (p45 of band) | 11.60% |
| Unrealized securities loss / equity | -31.05% (p19 of band) | -10.38% |
| AOCI / equity | 12.41% (p91 of band) | |
| ROA (annualized) | 0.44% (p24 of band) | 0.91% |
| Net interest margin | 2.68% (p16 of band) | 3.54% |
| Efficiency ratio | 83.66% (p76 of band) | |
| Noncurrent loans | 0.08% (p36 of band) | 0.27% |
| Net charge-offs (annualized) | 0.05% (p83 of band) | |
| Reserve coverage of noncurrent | 1495.10% | |
| Real estate % of loans | 55% | |
| Construction % of loans | 0.71% (p19 of band) | |
| Auto loans | $858,000 (0.66% of loans; DQ 0.00%, NCO 0.02%) | |
| Loans to nondepository financials | $0 (0% of equity) (p48 of band) | |
| Deposits YoY | -8.6% | |
| Employees | 33 | |

## Flags firing in the latest filing

- **securities losses >30% of equity** (`cap_secloss`)
- **deposits shrinking** (`shrink_deposits`)
- **assets shrinking** (`shrink_assets`)
- **uninsured deposits leaving** (`flight_uninsured`)

## Warning timeline

| Quarter | Score | Flags that first fired | Flags that cleared |
|---|---|---|---|
| 2011-03 | 0 |  |  |
| 2011-06 | 1 | reserve under noncurrent |  |
| 2011-09 | 1 |  |  |
| 2011-12 | 1 |  |  |
| 2012-03 | 1 |  |  |
| 2012-06 | 1 |  |  |
| 2012-09 | 2 | uninsured deposits leaving |  |
| 2012-12 | 1 |  | uninsured deposits leaving |
| 2013-03 | 1 |  |  |
| 2013-06 | 0 |  | reserve under noncurrent |
| 2013-09 | 0 |  |  |
| 2013-12 | 0 |  |  |
| 2014-03 | 0 |  |  |
| 2014-06 | 0 |  |  |
| 2014-09 | 0 |  |  |
| 2014-12 | 0 |  |  |
| 2015-03 | 0 |  |  |
| 2015-06 | 1 | charge-offs p90 |  |
| 2015-09 | 0 |  | charge-offs p90 |
| 2015-12 | 1 | uninsured deposits leaving |  |
| 2016-03 | 0 |  | uninsured deposits leaving |
| 2016-06 | 1 | capital falling |  |
| 2016-09 | 1 |  |  |
| 2016-12 | 0 |  | capital falling |
| 2017-03 | 0 |  |  |
| 2017-06 | 1 | charge-offs p90 |  |
| 2017-09 | 1 |  |  |
| 2017-12 | 2 | reserve under noncurrent |  |
| 2018-03 | 1 | capital falling | charge-offs p90, reserve under noncurrent |
| 2018-06 | 1 | reserve under noncurrent | capital falling |
| 2018-09 | 1 |  |  |
| 2018-12 | 0 |  | reserve under noncurrent |
| 2019-03 | 1 | uninsured deposits leaving |  |
| 2019-06 | 0 |  | uninsured deposits leaving |
| 2019-09 | 0 |  |  |
| 2019-12 | 0 |  |  |
| 2020-03 | 0 |  |  |
| 2020-06 | 1 | capital falling |  |
| 2020-09 | 1 |  |  |
| 2020-12 | 0 |  | capital falling |
| 2021-03 | 0 |  |  |
| 2021-06 | 1 | capital falling |  |
| 2021-09 | 1 |  |  |
| 2021-12 | 1 |  |  |
| 2022-03 | 4 | AOCI drag >20% of equity, securities losses >30% of equity, NIM <2.5% |  |
| 2022-06 | 2 |  | capital falling, NIM <2.5% |
| 2022-09 | 4 | deposits shrinking, assets shrinking |  |
| 2022-12 | 5 | uninsured deposits leaving |  |
| 2023-03 | 7 | losing money, expense ratio p90, NIM <2.5% | AOCI drag >20% of equity |
| 2023-06 | 5 |  | losing money, expense ratio p90 |
| 2023-09 | 2 |  | assets shrinking, uninsured deposits leaving, NIM <2.5% |
| 2023-12 | 3 | assets shrinking |  |
| 2024-03 | 4 | uninsured deposits leaving |  |
| 2024-06 | 4 |  |  |
| 2024-09 | 4 |  |  |

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

- 2024-12-17 [Bridgewater Bank finalises First Minnetonka City Bank acquisition - Retail Banker International](https://news.google.com/rss/articles/CBMijwFBVV95cUxOcllNdkxyY1NfZmZtMWJqMllseGtJQkk3d24yNlVaQ2diVFlZbHhNS0phVGVtMjA3YnNJaVYzUWN4RDhrWjlJcmp1cFRSTm84NVFQeUk0V09wS1dPZWhvLXJsaTd5aWhTZGxoOFlVRU9iYmJlWVZ6Qmw2STJHRlRIZWtFX3ZjU0lnV1NWLURJNA?oc=5) · Retail Banker International
- 2024-08-28 [Bridgewater Bank to acquire First Minnetonka City Bank - The Business Journals](https://news.google.com/rss/articles/CBMiowFBVV95cUxOXzlkaGphcWhiUUFPaVhMQ1R2dGczMHRrMGh1TTJnUFEwb1RMY1llZmdaTmhhUVI5VlBzaU1hZ0FsQmNxeWl3TkpvN1RCWE9NUERkRWh5ay1ydTYwVUIwUDZNSGNqOXFXUHMwMUh2anQ1NWdBN3ZJTGQtOUI0WXZxUnBNNmg3S3ROYkRzM1FtdEhURkpSbW9XVVpkUkw4ZFc5MVhN?oc=5) · The Business Journals
- 2024-08-28 [Bridgewater Bancshares, Inc. Announces Strategic Acquisition of First Minnetonka City Bank - Business Wire](https://news.google.com/rss/articles/CBMi3wFBVV95cUxPT0trcmlhdVBNQ0tJYk8tTnVNQk1GQmFleXlaSVFTZnFRVWlpNTFpdXE4Und2dzM3U2R0eUhndDUweWFEdlZKOEwwWUtIM1F0TGtpaWxtaUhySDc1Z2tHUlJNYlN0YVVwdkVOOW5qenJicTBIeGxEenJjbkFQWmpORHFNcjRVblp2Vk12ZkpGbHdId1dlT29LSnJTY0cxRl8tRzdKcC1qZUZWZFZSdHhEcHBtRGNjRE80YzhRSjdYUEtkYnBGdGJ6TWh5blVwY1pmc1AwUURDOGRmdG1LcEFV?oc=5) · Business Wire
- 2025-02-18 [Bridgewater Bank targets Twin Cities market share in 2025 - The Business Journals](https://news.google.com/rss/articles/CBMipAFBVV95cUxPdzJPd25mYUprSHBGbWNBakU1VDU3YnV0X0N1dS1Oa082QTdqcU5mUmJlRmoxN2pTN3dhaHN6RXNVQWdFOFpwcWJRN2Q4blBROU54Q1ZvdmJZYmxyVTNFQ3gtbmo5Z0M1QnNUY1ZBVnNmNzdEZTY4SEZKVTB0THFyT3psdHpLdGVYYmhkc1JHUW1yRWlXMHVkYW1VS1FNSDM2bHhjOA?oc=5) · The Business Journals
- 2019-12-22 [Kathleen Marie Hanson Obituary Dec 22, 2019 - Stenshoel-Houske Funeral & Cremation Service](https://news.google.com/rss/articles/CBMicEFVX3lxTE9CWnRRUnBScWdEUE4ycDFzOFRFNnRwWU85QXFLcW5xNHphb0hrai1NSXZkTFF3THZsRnpxOHczQl9mcVgyVkpWR0RJSldsTG1QZnNDQ0hfa0RGZzNkMW9MT2VSWmEwRTEtMWxuVlQ5Umk?oc=5) · Stenshoel-Houske Funeral &amp; Cremation Service
- 2026-01-21 [First Resource Bank to acquire First State Bank of Wyoming, pushing assets past $1 billion - The Business Journals](https://news.google.com/rss/articles/CBMiqgFBVV95cUxOQ010Q1J4UTRBLWdrQlBvMVRRNlFBU2xqUzIydW41bGdBa19HT2xacE4tV1NtSmE0VDlGOTJ3QU1mVWR5RGs1RXQteTVaWldLWGxrcWNUSGRydERvUXI0eWZEUlFnRkVEZzZDLUF5cmNtTlZELVNXaGFiY29oRTQ0RXBLdmZmOUdjdHR1dzVKMW9GSFJmZnp4MlBnUC1ZZ25lSkpQQnhPYjNkUQ?oc=5) · The Business Journals
- 2026-01-06 [First Resource Bank names Aaron Siegle CEO - The Business Journals](https://news.google.com/rss/articles/CBMiqAFBVV95cUxQNmVvMExJR0NJQTVNQ1NwSkZBMDdpVFJHa0RGNmw2S2pTc3dieVE5WWlXV2JJVk90OG9PMnppTTRfaGtoWFpDa1ZVNHRaUDVScDI3UDRJZUw4LXVITUpJT1loWkFwUXJEd3pmOHJTV2t1SXcybkJBeVBSWUUyUm9TdmMyWlNkUXlkVzctSlhDR19VdTNBYnFZNk03SjdJelR1SklWaUo5aVI?oc=5) · The Business Journals
- 2025-12-30 [Nicolet National Bank to target small businesses in Twin Cities expansion following $864M acquisition - The Business Journals](https://news.google.com/rss/articles/CBMipgFBVV95cUxPSklyNEppN3VOZXJWZE94WmJGRWM4N1FTMHhsaVQ5dVlNYjBvWl9waHBseVR2WThwUWRPWUhvYTBYSEJMVHJ6MV9iZWRLaHVGX0pMRnlmQ05qTU9VWTllS0tpNURBYVZZcXFHTW1QRkRpR1pOWEZiVEt2RlRFZUlmRzJmTm5QblU1QU1RekhkUFBYZmRNQnBrMFJrWHpJWjlOamNCeU93?oc=5) · The Business Journals

## How to verify

- Page: https://getbookiq.com/bank-desk/#bank=19188 (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/52.json (key "19188", 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