# BANKERS BANK
MADISON, WI · FDIC certificate 23537 · asset band $1-10B · latest filing 2026-06 · live

**Verdict on the desk:** this could be *run candidate*. Composite score 6 (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 | $1.47B | |
| Deposits | $951.9M | |
| Loans and leases | $1.12B | |
| Total equity | $195.1M | |
| Loans / deposits | 116.21% (p97 of band) | 87.10% |
| Liquid assets / assets | 17.72% (p36 of band) | |
| Uninsured deposits / deposits | 63.46% (p97 of band) | 30.76% |
| Brokered deposits | 13.27% | |
| Wholesale funding | 33.78% (p97 of band) | |
| FHLB advances / assets | 19.41% | |
| Tier 1 leverage | 14.70% (p92 of band) | 10.50% |
| Unrealized securities loss / equity | -7.74% (p50 of band) | -7.75% |
| AOCI / equity | -0.05% (p70 of band) | |
| ROA (annualized) | 0.91% (p24 of band) | 1.26% |
| Net interest margin | 2.71% (p8 of band) | 3.70% |
| Efficiency ratio | 65.99% (p71 of band) | |
| Noncurrent loans | 0.55% (p52 of band) | 0.51% |
| Net charge-offs (annualized) | 0.24% (p88 of band) | |
| Reserve coverage of noncurrent | 235.98% | |
| Real estate % of loans | 56% | |
| Construction % of loans | 35.27% (p36 of band) | |
| Auto loans | $0 (0.00% of loans; DQ –, NCO 0.00%) | |
| Loans to nondepository financials | $327.2M (168% of equity) (p100 of band) | |
| Deposits YoY | 6.7% | |
| Employees | 132 | |

## Flags firing in the latest filing

- **loans exceed deposits** (`liq_ltd`)
- **uninsured deposits >50%** (`liq_uninsured`)
- **brokered >10%** (`liq_brokered`)
- **wholesale funding >15%** (`liq_wholesale`)
- **run vulnerability** (`liq_runrisk`)
- **loans-to-lenders >50% equity** (`conc_warehouse`)

## Warning timeline

| Quarter | Score | Flags that first fired | Flags that cleared |
|---|---|---|---|
| 2011-03 | 5 | wholesale funding >15%, losing money, NIM <2.5%, charge-offs p90, loans-to-lenders >50% equity |  |
| 2011-06 | 5 |  |  |
| 2011-09 | 5 | noncurrent p90 | losing money |
| 2011-12 | 6 | reserve under noncurrent |  |
| 2012-03 | 7 | deposits shrinking, uninsured deposits leaving | charge-offs p90 |
| 2012-06 | 4 |  | reserve under noncurrent, deposits shrinking, uninsured deposits leaving |
| 2012-09 | 7 | deposits shrinking, assets shrinking, uninsured deposits leaving |  |
| 2012-12 | 5 |  | deposits shrinking, assets shrinking |
| 2013-03 | 4 |  | uninsured deposits leaving |
| 2013-06 | 5 | assets shrinking |  |
| 2013-09 | 5 |  |  |
| 2013-12 | 5 |  |  |
| 2014-03 | 5 | deposits shrinking | loans-to-lenders >50% equity |
| 2014-06 | 4 | charge-offs p90 | assets shrinking, deposits shrinking |
| 2014-09 | 6 | loans-to-lenders >50% equity, assets shrinking |  |
| 2014-12 | 5 | expense ratio p90 | loans-to-lenders >50% equity, assets shrinking |
| 2015-03 | 6 | capital falling, deposits shrinking, assets shrinking | charge-offs p90, expense ratio p90 |
| 2015-06 | 6 | charge-offs p90 | capital falling |
| 2015-09 | 4 | expense ratio p90 | deposits shrinking, assets shrinking, charge-offs p90 |
| 2015-12 | 4 |  |  |
| 2016-03 | 4 | loans-to-lenders >50% equity | expense ratio p90 |
| 2016-06 | 5 | uninsured deposits >50%, charge-offs p90 | loans-to-lenders >50% equity |
| 2016-09 | 3 | capital falling | noncurrent p90, uninsured deposits >50%, charge-offs p90 |
| 2016-12 | 3 |  |  |
| 2017-03 | 4 | loans-to-lenders >50% equity |  |
| 2017-06 | 7 | brokered >10%, assets shrinking, uninsured deposits leaving |  |
| 2017-09 | 5 |  | assets shrinking, uninsured deposits leaving |
| 2017-12 | 5 |  |  |
| 2018-03 | 5 |  |  |
| 2018-06 | 5 |  |  |
| 2018-09 | 4 |  | capital falling |
| 2018-12 | 5 | construction >100% equity |  |
| 2019-03 | 4 |  | construction >100% equity |
| 2019-06 | 4 |  |  |
| 2019-09 | 4 |  |  |
| 2019-12 | 4 |  |  |
| 2020-03 | 6 | capital falling, deposits shrinking |  |
| 2020-06 | 3 |  | brokered >10%, capital falling, deposits shrinking |
| 2020-09 | 4 | uninsured deposits >50% |  |
| 2020-12 | 5 | capital falling |  |
| 2021-03 | 4 |  | wholesale funding >15% |
| 2021-06 | 4 |  |  |
| 2021-09 | 3 |  | capital falling |
| 2021-12 | 3 |  |  |
| 2022-03 | 4 | capital falling |  |
| 2022-06 | 8 | brokered >10%, wholesale funding >15%, deposits shrinking, assets shrinking, uninsured deposits leaving | capital falling |
| 2022-09 | 8 | loans exceed deposits | uninsured deposits >50% |
| 2022-12 | 8 | uninsured deposits >50% | assets shrinking |
| 2023-03 | 9 | capital falling, expense ratio p90 | uninsured deposits >50% |
| 2023-06 | 8 | charge-offs p90 | deposits shrinking, uninsured deposits leaving |
| 2023-09 | 7 | construction >100% equity | capital falling, expense ratio p90 |
| 2023-12 | 6 | uninsured deposits >50% | charge-offs p90, construction >100% equity |
| 2024-03 | 6 |  |  |
| 2024-06 | 6 | deposits shrinking | uninsured deposits >50% |
| 2024-09 | 8 | uninsured deposits >50%, run vulnerability, reserve under noncurrent | deposits shrinking |
| 2024-12 | 8 | construction >100% equity | run vulnerability |
| 2025-03 | 9 | run vulnerability, noncurrent p90 | construction >100% equity |
| 2025-06 | 9 | construction >100% equity | noncurrent p90 |
| 2025-09 | 8 |  | construction >100% equity |
| 2025-12 | 9 | deposits shrinking |  |
| 2026-03 | 8 |  | NIM <2.5% |
| 2026-06 | 6 |  | reserve under noncurrent, deposits shrinking |

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

- 2025-08-25 [United Bankers’ Bank moving headquarters to Two Meridian - rejournals.com](https://news.google.com/rss/articles/CBMihgFBVV95cUxOX2gxcjB6bXAySG9kM05oTFBhdmI3LVdSZ2FuVXBFdWxwWVJFcXo1YXVmY1dmWmhLTzVPMlQ2cDRRWTBKSVZ2OU04M3JKRUQ3X2FCVzFzZE1iSWpIbDV2T3NIaU9LaGYtNzE4NHhqZzREZjdQNWlOOEowUGMyMzFUcUlmWkpLZw?oc=5) · rejournals.com
- 2026-02-18 [List Of Failed Banks: 2009-2026 - Bankrate](https://news.google.com/rss/articles/CBMiZEFVX3lxTFAtbi1TaWMteGEyOHdQbnlXd0tPRzM2WFJQZjdPdzViQTZFLVVHODJRTEdqRWhnMkxIOG5xMUVSWU5iNHZSbVpnQ2Z4TWdiMDVwN2NTdUNGd3dXZ2tGcGZ2VWVJRnM?oc=5) · Bankrate
- 2025-04-09 [America's Best Regional Banks and Credit Unions 2025 - Minnesota - Newsweek Rankings](https://news.google.com/rss/articles/CBMikAFBVV95cUxOUzh0Z3pCcmdqcXR3Vi0xQ0IzV0VKUGE3ZHpzRWVTcGpKSjFNMk5BZ2c0SnRCa1ZYRVlzd0dfX3ZlWVpDaDVhNXdGSXpERG0tZzN6VzRTRkp1ek50ZFJCei1sWHhSNXoxSlg0di1CMkpLUzliel9KS1dLWXMwOVdnaXpFcHJMUm9ydmxuMFpISDg?oc=5) · Newsweek Rankings
- 2015-12-01 [Thomas Papenthien Obituary Dec 1, 2015 - Cress Funeral and Cremation Services](https://news.google.com/rss/articles/CBMickFVX3lxTE9STjV6VWt2dXFYVll1dkhMWGRnSGZHQmhwMXI5Z09FZmU0OWtyQ002d3FwWXdLclBma2QtNTdBOTFIRFdpWnBDYVctU2hyRGMtMHFNdHpUZEV6SDJaY01fdjRGemRhRF9OZEhXVjZ0ekVnUQ?oc=5) · Cress Funeral and Cremation Services
- 2012-03-02 [Northern group of Wisconsin Bankers Association holds annual meeting - Superior Telegram](https://news.google.com/rss/articles/CBMiqgFBVV95cUxPdWl6eDJMOW5YcXpyYVMwZUNCOGVZOUpXQjlGQWJWN2RaYmNERy1qT2RpbW9RYTg2NkhkZGpIcE1rc1BvUHEyRWp6QVdTYmIxQnJuX29pM0dhR1dYRjl1S19TT1kzUDdON1RWM2c4RE52cFUxSlo2NFdXbGNycV85QXdrVHVULWpzbnVTYzVrVEp2OVA5SFcwV2wzdktmaU5BbkhUeGEzdGdQZw?oc=5) · Superior Telegram
- 2026-07-22 [Redlin-Ertz Funeral Home - Redlin-Ertz Funeral Home](https://news.google.com/rss/articles/CBMigAFBVV95cUxOU2wtaElvYjQ4NDRFNG4tbkJab2dYRzJxNWdwSVlaeWQ4aFhCMDJjZk5UeFpRT0xMa1pBY0xnTWdHdVhreEtXX2RxOVA0S2FhU2p6WlpTVmpDai1PdmFNeFF5M3I2elpoVDM5YmdyWFdVUXdTVHROQTBXakd0SGtQbA?oc=5) · Redlin-Ertz Funeral Home
- 2025-11-26 [Lansing City Council awards general obligation bonds, hears Main Street Lansing update and approves insurance renewal | The Standard Newspaper - Waukon Standard Newspaper](https://news.google.com/rss/articles/CBMiyAFBVV95cUxOLWRtcndhUjlBXzZSb1dQMlVZbkxlS1EzRl84SWZOLTNtbkRPYy1SZWlFQW9wZDJlNi1nUEZNVGlzQk1CSGhzZnhaVjM4LXhlVDdsbWRCc3N2ZzRUNlp3a1laYksyT3Z6WS1HenFjNGdJeE5lWWVIdnNCYUFlTFlzV0dkRUdHcnFLVHBmWGlPVUN5em1oV2VWa3BuTEs3VDdMWEpzbHZfWjJhTUVDTFRmbGlsc1hZeFlOM0RxWTZGQWQwdFFueFl3NQ?oc=5) · Waukon Standard Newspaper
- 2023-08-19 [Gerald Censky - legacy.com](https://news.google.com/rss/articles/CBMikAFBVV95cUxPQ1hleGJJMW5JWWNQOXYxSmU0Y29GYWs0eFVtaTE2Yl90R2ZwMXA4ak9VcEwtbGFnNjFTODkzUDhBa1V5VzBMZkxPeURlU0RhNDJSQ0hpVVlGOU5rbEJMZ1h3QlFiNGJzNk9lWEdGVXhfVUk5ZE1qTXVnZU80SnFKV0swN3BrWjVxRFd5MklweUQ?oc=5) · legacy.com

## How to verify

- Page: https://getbookiq.com/bank-desk/#bank=23537 (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/49.json (key "23537", 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