# BADGER BANK
FORT ATKINSON, WI · FDIC certificate 2469 · asset band <$300M · latest filing 2026-06 · live

**Verdict on the desk:** this could be *fortress*. Composite score 0 (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 | $206.0M | |
| Deposits | $164.6M | |
| Loans and leases | $140.5M | |
| Total equity | $22.9M | |
| Loans / deposits | 84.41% (p70 of band) | 73.59% |
| Liquid assets / assets | 25.58% (p34 of band) | |
| Uninsured deposits / deposits | 20.14% (p51 of band) | 19.81% |
| Brokered deposits | 1.05% | |
| Wholesale funding | 9.05% (p83 of band) | |
| FHLB advances / assets | 8.01% | |
| Tier 1 leverage | 12.40% (p57 of band) | 11.76% |
| Unrealized securities loss / equity | -18.08% (p26 of band) | -6.57% |
| AOCI / equity | -0.12% (p63 of band) | |
| ROA (annualized) | 1.37% (p61 of band) | 1.17% |
| Net interest margin | 3.90% (p49 of band) | 3.93% |
| Efficiency ratio | 60.70% (p37 of band) | |
| Noncurrent loans | 0.07% (p32 of band) | 0.36% |
| Net charge-offs (annualized) | 0.00% (p38 of band) | |
| Reserve coverage of noncurrent | 1449.04% | |
| Real estate % of loans | 92% | |
| Construction % of loans | 54.97% (p82 of band) | |
| Auto loans | $879,000 (0.63% of loans; DQ 0.00%, NCO 0.00%) | |
| Loans to nondepository financials | $1.7M (7% of equity) (p98 of band) | |
| Deposits YoY | -0.8% | |
| Employees | 38 | |

## Flags firing in the latest filing

- none

## Warning timeline

| Quarter | Score | Flags that first fired | Flags that cleared |
|---|---|---|---|
| 2011-03 | 5 | losing money, expense ratio p90, noncurrent p90, charge-offs p90, reserve under noncurrent |  |
| 2011-06 | 2 |  | expense ratio p90, noncurrent p90, charge-offs p90 |
| 2011-09 | 0 |  | losing money, reserve under noncurrent |
| 2011-12 | 0 |  |  |
| 2012-03 | 0 |  |  |
| 2012-06 | 0 |  |  |
| 2012-09 | 0 |  |  |
| 2012-12 | 0 |  |  |
| 2013-03 | 2 | capital falling, reserve under noncurrent |  |
| 2013-06 | 0 |  | capital falling, reserve under noncurrent |
| 2013-09 | 0 |  |  |
| 2013-12 | 0 |  |  |
| 2014-03 | 1 | capital falling |  |
| 2014-06 | 0 |  | capital falling |
| 2014-09 | 0 |  |  |
| 2014-12 | 0 |  |  |
| 2015-03 | 1 | capital falling |  |
| 2015-06 | 0 |  | capital falling |
| 2015-09 | 0 |  |  |
| 2015-12 | 2 | capital falling, reserve under noncurrent |  |
| 2016-03 | 1 |  | capital falling |
| 2016-06 | 1 |  |  |
| 2016-09 | 1 |  |  |
| 2016-12 | 2 | capital falling |  |
| 2017-03 | 1 |  | capital falling |
| 2017-06 | 1 |  |  |
| 2017-09 | 1 |  |  |
| 2017-12 | 1 |  |  |
| 2018-03 | 1 |  |  |
| 2018-06 | 1 |  |  |
| 2018-09 | 1 |  |  |
| 2018-12 | 1 |  |  |
| 2019-03 | 1 |  |  |
| 2019-06 | 1 |  |  |
| 2019-09 | 0 |  | reserve under noncurrent |
| 2019-12 | 1 | reserve under noncurrent |  |
| 2020-03 | 1 |  |  |
| 2020-06 | 1 |  |  |
| 2020-09 | 1 | capital falling | reserve under noncurrent |
| 2020-12 | 1 |  |  |
| 2021-03 | 1 | charge-offs p90 | capital falling |
| 2021-06 | 0 |  | charge-offs p90 |
| 2021-09 | 1 | capital falling |  |
| 2021-12 | 1 |  |  |
| 2022-03 | 0 |  | capital falling |
| 2022-06 | 2 | AOCI drag >20% of equity, securities losses >30% of equity |  |
| 2022-09 | 2 |  |  |
| 2022-12 | 2 |  |  |
| 2023-03 | 1 |  | AOCI drag >20% of equity |
| 2023-06 | 2 | capital falling |  |
| 2023-09 | 1 |  | capital falling |
| 2023-12 | 2 | wholesale funding >15% |  |
| 2024-03 | 2 | capital falling | wholesale funding >15% |
| 2024-06 | 1 |  | capital falling |
| 2024-09 | 0 |  | securities losses >30% of equity |
| 2024-12 | 1 | securities losses >30% of equity |  |
| 2025-03 | 0 |  | securities losses >30% of equity |
| 2025-06 | 0 |  |  |
| 2025-09 | 0 |  |  |
| 2025-12 | 1 | capital falling |  |
| 2026-03 | 1 | reserve under noncurrent | capital falling |
| 2026-06 | 0 |  | reserve under noncurrent |

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

- 2025-11-10 [Fort man in custody after Badger Bank robbery | Fort Atkinson - Daily Jefferson County Union](https://news.google.com/rss/articles/CBMi2AFBVV95cUxQSFFGYThWTkltd1Q3cE0zbGFDWnVOcDNUR3NERXRRNkJzcXg3bHc0QTdfZVNlZDZiaVl0YjhJc21lcWpMQTBicVlnT3RDLVlHTXpHZzJvdGNKWThpWElFU1ZLb3lnLTc0VmtsakxfemZsSXhmQTFLejhiMDdOUERUSjBfV2dxYV9ycUtudEJDN093N25KMVdrSXd6TU80cUNYQ2VSWkJHMXhxS2ZfOHowVlpHY2F5NnJ5cWpSRU1oaFZha1c5ajVFcXZwaVhsZ3ZnTzNKVXhFRTU?oc=5) · Daily Jefferson County Union
- 2025-01-12 [Badger Bank announces a new executive management team - Daily Jefferson County Union](https://news.google.com/rss/articles/CBMi1gFBVV95cUxPNHZ2VTZPLXFCc3lMcWR4QUNFVlg3Y2REX0xocVVOT3A3UURRMU9VWE1XU1F4Szd5UVBKOWRLa3BER29VTTEwQThXVHNpNU55a1BmSGNnLTBORU4ta0dFRW1sXzVjRDkwaGF0a2xGYWtyWHgwam05NTIyUmMyVmRqQ3RmMUdPbFRkYTF0QVRqLXhJdGhwSFBuNDJPaUxGcDlhNzBMN0d6b3JxNV92dWVCVkVfS25scmlwaTBmMDJOYVcxeklsRG5HaldsYzVydVVXMGhUbWFR?oc=5) · Daily Jefferson County Union
- 2024-02-07 [James A. Schultz Obituary (2024) - Fort Atkinson, WI - Dunlap Memorial Home - legacy.com](https://news.google.com/rss/articles/CBMiggFBVV95cUxNMEU5cVc1b2M0cUtoTWNzYklwQ2JpYzM2QVg2Q2xGMHdYeWFmTUN3cU00NVdYQjhxT1h2Y1BnLURiREZsbzNzMFVXRk52Y2wtVG5uYnFfZTlsckNqMEVaRGx1aE8yZW0tT0dZa1J4dWZ4THhNam5pTU5CZ1JGbWlha19n?oc=5) · legacy.com
- 2022-01-06 [Badger Bank announces executive management changes - Daily Jefferson County Union](https://news.google.com/rss/articles/CBMi3wFBVV95cUxOX2xaZjZURFpBUlkwblpUZ3FtZWpobUtvVm1rckxKVlR5WVI1bGhNMjg5VGZpQTVRa3ZZMkpseF85VEV5cjMxbmZlcnVmNHhfYjZMMGRteURkcnZ0ZXNsa1pOZnlQVVZxeXpzT1MtU1d1ZVVTTV9MUXJLLVcxV2VaajFIUXdmNUxINmFLbmxWWldhV1lCeVRxc0FfVTZXemtEMi1xOEd0ZFhNaVR5Mk9VRlJnM3NjaVZvQUxMWEl4aWVCNU52RXEyd29YMVY3VUFtT2xCNlJRcGtNbW5EQU8w?oc=5) · Daily Jefferson County Union
- 2022-05-19 [Badger Bank hires Riemer for its Trust department - Daily Jefferson County Union](https://news.google.com/rss/articles/CBMi2wFBVV95cUxPSlA5cVBjdF9xS1lfb1U5SUxOY0ZJTWpvV0lodjF0dEhvVXFsRlYwdXlZdklLamtGdEROYktROVBQMk9hWnZKcC1xZ2poNjFTSm1HcWZ1R3laZzZ1cHFjNG9MemFBQTNmS1ZqZ0Y4clJkSHgxSXlGOElGaTV1VkhCQ1lnc052cFNnQzVNMjNzQXFyUmRBU1ZnN2NEU1lzN0QyaEpPTEFaczROelJxVnl4SlJYamNnWUlZWno1ZEE0T1VPdXlWaU9XT0g2cUNJMnJ4TnFhcVFZdHdsZEE?oc=5) · Daily Jefferson County Union
- 2018-11-29 [Richard Dohnal Obituary (1940 - 2018) - Allouez, WI - Green Bay Press-Gazette - legacy.com](https://news.google.com/rss/articles/CBMinwFBVV95cUxOaEhVTEwzZ0c5RVFGLUdWS19rMnhsVjcxRDhLZkxZR3VFMEV4TWxPdU8wVUJTZkR0bmNpN0RKQVBGaW92S1dnaGlPZTlXSUNHaGlKOG5CZzI2M1ZTNllvY1BKSVYzSWJwVkNWSl9NUlpxWDQtZms1aXkyYWYxeElxZDRYQ0lIaWh6YlVqdG9Oamc1M1oxbmV1Y2dzSTMtbkk?oc=5) · legacy.com
- 2020-04-14 [Badger Bank raises more than $2,500 for area food pantries - Daily Jefferson County Union](https://news.google.com/rss/articles/CBMi4gFBVV95cUxQU3lVWjIzbHl4dTlBYm1jRjhiSjJhWG9fLXRZYU0tTFl5NlVxSjZQZ2ZXOEhJdVBsbXFvV3pNRVl3N0ZhaFU4UDlXVUdBY3lHNkl3MjN6VTZldGpJMGVRa1d4U1BSS3NxVFdQQWk5dF9LM0p5Zi13QUd3dUpPVU5BYVRKNkpVNzFuMWRtd2kwOHlvUmJhajFPWDBWejJMY2tiWVoyTDE5MVVrMkQ0YW1UMXFTQ282Y25wN1RuNktybG9rSU5BM25IMzNBVVJTVEFjMmtyY2kzYU1Qd2NLdDFTRzBR?oc=5) · Daily Jefferson County Union
- 2013-11-01 [No-contest plea in Fort Atkinson bank robbery - Daily Jefferson County Union](https://news.google.com/rss/articles/CBMixgFBVV95cUxNTmhkQV9wZWI3M0hnem0zdnU0TnNkcmQ0WmN2Y01vN1dHcEdSTVVkTUNhUklIQVNaSkowZWtXcHVtRjUweTNkY29YaWRLRWxuRHFGY0VXSE01elhQS3NGRjNFT1ZNaXJPYTlnQzFqV2FNOVZSVzhXUUlTUG1LaG5zZFp1cE1FakRweHhxWFdmT3NyVy1vN3NhRDlqOUF1WnJCRjIzTVJwTkVGd1VyeDFwUGVxdkdoWTg1Y1RIZGNOQzl1dkUtMlE?oc=5) · Daily Jefferson County Union

## How to verify

- Page: https://getbookiq.com/bank-desk/#bank=2469 (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/37.json (key "2469", 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