# FORWARD BANK
MARSHFIELD, WI · FDIC certificate 28530 · asset band $1-10B · latest filing 2026-06 · live

**Verdict on the desk:** this could be *ordinary*. 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 | $1.28B | |
| Deposits | $1.04B | |
| Loans and leases | $947.1M | |
| Total equity | $118.7M | |
| Loans / deposits | 90.47% (p62 of band) | 87.10% |
| Liquid assets / assets | 19.16% (p42 of band) | |
| Uninsured deposits / deposits | 32.18% (p54 of band) | 30.76% |
| Brokered deposits | 0.00% | |
| Wholesale funding | 8.34% (p58 of band) | |
| FHLB advances / assets | 8.34% | |
| Tier 1 leverage | 9.18% (p17 of band) | 10.50% |
| Unrealized securities loss / equity | -13.14% (p33 of band) | -7.75% |
| AOCI / equity | -0.33% (p48 of band) | |
| ROA (annualized) | 0.90% (p24 of band) | 1.26% |
| Net interest margin | 4.46% (p87 of band) | 3.70% |
| Efficiency ratio | 72.98% (p84 of band) | |
| Noncurrent loans | 0.28% (p31 of band) | 0.51% |
| Net charge-offs (annualized) | 0.01% (p41 of band) | |
| Reserve coverage of noncurrent | 341.06% | |
| Real estate % of loans | 73% | |
| Construction % of loans | 38.23% (p40 of band) | |
| Auto loans | $16.6M (1.75% of loans; DQ 0.26%, NCO 0.00%) | |
| Loans to nondepository financials | $0 (0% of equity) (p35 of band) | |
| Deposits YoY | 9.5% | |
| Employees | 231 | |

## Flags firing in the latest filing

- none

## Warning timeline

| Quarter | Score | Flags that first fired | Flags that cleared |
|---|---|---|---|
| 2011-03 | 3 | losing money, charge-offs p90, reserve under noncurrent |  |
| 2011-06 | 1 |  | losing money, charge-offs p90 |
| 2011-09 | 1 |  |  |
| 2011-12 | 1 |  |  |
| 2012-03 | 1 |  |  |
| 2012-06 | 1 |  |  |
| 2012-09 | 1 |  |  |
| 2012-12 | 0 |  | reserve under noncurrent |
| 2013-03 | 1 | capital falling |  |
| 2013-06 | 1 |  |  |
| 2013-09 | 0 |  | capital falling |
| 2013-12 | 0 |  |  |
| 2014-03 | 0 |  |  |
| 2014-06 | 1 | loans exceed deposits |  |
| 2014-09 | 1 |  |  |
| 2014-12 | 0 |  | loans exceed deposits |
| 2015-03 | 1 | loans exceed deposits |  |
| 2015-06 | 2 | wholesale funding >15% |  |
| 2015-09 | 3 | capital falling |  |
| 2015-12 | 3 |  |  |
| 2016-03 | 2 |  | wholesale funding >15% |
| 2016-06 | 1 |  | capital falling |
| 2016-09 | 1 |  |  |
| 2016-12 | 0 |  | loans exceed deposits |
| 2017-03 | 1 | capital falling |  |
| 2017-06 | 0 |  | capital falling |
| 2017-09 | 0 |  |  |
| 2017-12 | 1 | loans exceed deposits |  |
| 2018-03 | 1 | capital falling | loans exceed deposits |
| 2018-06 | 0 |  | capital falling |
| 2018-09 | 0 |  |  |
| 2018-12 | 1 | capital falling |  |
| 2019-03 | 0 |  | capital falling |
| 2019-06 | 0 |  |  |
| 2019-09 | 1 | capital falling |  |
| 2019-12 | 0 |  | capital falling |
| 2020-03 | 0 |  |  |
| 2020-06 | 0 |  |  |
| 2020-09 | 1 | capital falling |  |
| 2020-12 | 0 |  | capital falling |
| 2021-03 | 0 |  |  |
| 2021-06 | 0 |  |  |
| 2021-09 | 0 |  |  |
| 2021-12 | 1 | capital falling |  |
| 2022-03 | 1 |  |  |
| 2022-06 | 2 | AOCI drag >20% of equity |  |
| 2022-09 | 3 | securities losses >30% of equity |  |
| 2022-12 | 3 |  |  |
| 2023-03 | 1 |  | capital falling, AOCI drag >20% of equity |
| 2023-06 | 1 |  |  |
| 2023-09 | 1 |  |  |
| 2023-12 | 1 | capital falling | securities losses >30% of equity |
| 2024-03 | 1 | securities losses >30% of equity | capital falling |
| 2024-06 | 0 |  | securities losses >30% of equity |
| 2024-09 | 0 |  |  |
| 2024-12 | 0 |  |  |
| 2025-03 | 0 |  |  |
| 2025-06 | 0 |  |  |
| 2025-09 | 0 |  |  |
| 2025-12 | 0 |  |  |
| 2026-03 | 0 |  |  |
| 2026-06 | 0 |  |  |

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

- 2026-05-18 [Forward Bank remodel taking shape in downtown Three Lakes - Vilas County News-Review](https://news.google.com/rss/articles/CBMingFBVV95cUxPQkxHeWd0cVJLWG14N3Rka2ktWS0zV2dxVGFvRUNOR1JPWGlnMm9jUzVJWnkxaWFnNElmZ1Qya1ZPOGt3dWw5eGZDOUVhaWNRenoteVU3QzN0RDR4MGo3cFJ3Z25VQldsdFFuV1JOU3QyR2FucTdqWkt3S1ZaWHpLOXBkX1ZXQkVMQjdwTmxlalFTSEt1VHhqMktUTFdiZw?oc=5) · Vilas County News-Review
- 2026-01-14 [Central WI banks warn of 'recovery scams' targeting fraud victims - Stevens Point Journal](https://news.google.com/rss/articles/CBMi8gFBVV95cUxQTUNOUklwUmFNNjFnV2phVHRiUnh5clUzX2FCWFE2aXhoNUl0bkM0ZnhSU09OOTNFYXZMaXpQU0ZtNkttTGJNZk9SQW5VNVd6UUVZNlowVkdyU1Y4a05kdmxVc0dGdk9jT3pSeExmRHN2dTBUSHQ3dzhUQ01EbmFTX2p0UmlfSmdJMS1vUVVlOVFDeHN3MVZYb0lfSFVEamFpakdoa24tbVpSSGRKWGF0TWh4WmJ0RUk5UktfX29yVHVWWkJhQ3ByUU1wVUV1N0I0TnNyLXdjU2liSXpNdEdrX3ZpSGh1cTkxTzdFN1ZtSVJqUQ?oc=5) · Stevens Point Journal
- 2026-02-11 [New interactive ATM opens in Sheldon - The Ladysmith News](https://news.google.com/rss/articles/CBMijAFBVV95cUxNUllBOGE5UUt1VUFDMVhuNFl5QzIyeXkwVWlMY2RCb2tZVlc5X1IxcUFaMUxFUjd5R0FtRGJMYjhpS1dETGlVemJMOWRLbnBsYXFySzRERUFtMVF1UXdGR3JaYldXQzdodGdkbE9RYmF5WVNwMUk0dG8tV2x1QzVkZGRwdE5TMFJ5Znl1cA?oc=5) · The Ladysmith News
- 2023-02-07 [Forward Bank Turns to Larky to Drive Personalization - Finovate](https://news.google.com/rss/articles/CBMif0FVX3lxTE5PQy1FZ25JU0xad09IQ2FKNHl5NDViM1U4OUt5WTFydFBKVnJLaTNLTHRWSnJnOVJhV1AyWXdwWFNkNUMzRU81WFpTZ2NoOERyMjIzeWlMVnNlV0stTllWWHNYYThreFdPdGZxNUYtM3ZydG5FcW41bjhlbFJPY28?oc=5) · Finovate
- 2019-11-24 [Thomas W. ArmstrongClass A Director - Federal Reserve Bank of Minneapolis](https://news.google.com/rss/articles/CBMiZ0FVX3lxTE5GenBURW5uOTZ6VDNxSXlqXzB2a29MeHh0dWczMkh3RGZGbHdCTnEzRDFNSGxqSFpuRWtVSVpCNzhMb0VNOTVvZEhUTVdHLTdMdDUzTUU0LWNuWkFHQmwzUTN4N0lWMlk?oc=5) · Federal Reserve Bank of Minneapolis
- 2021-12-16 [Forward Bank opens new facility - apg-wi.com](https://news.google.com/rss/articles/CBMizAFBVV95cUxOQWFlazFhUExrQ19RVWNMbmhZcy1iZEhEWUl6VDVKX2Vlcl85bU44MGk0dXVPNGpwNS0zVVIzQ2NvUENLMVZFMzhWSDNfRnFXTEptN1lwS1F3ajdmQVFVcGloYXlob3RuSGppU2pVNkFFOEtza3RyZWxteFdWTE8zNWtQR2Zxc0RFT0o1NkNMNXdicWNFdmFFR2Fvc1ZnRnVBWnlGWXM5R3dkaFdiZDNlT2E0RE00dHpVa0didWNHLWR1NHRyZlI1YzRoa2I?oc=5) · apg-wi.com
- 2025-01-09 [$1.185M Forward Bank data breach class action settlement - Top Class Actions](https://news.google.com/rss/articles/CBMiyAFBVV95cUxNQ1M0bGFONG9IVjFEYXJBcllQbldEVVg3QTREVnVkVGdmbl9kQnRBRGJqZW8wbEY4SHZEcFhXVkgxSGoyZVByc0l5RlhnUktHTXZ1V2RBak42QTJSSWtVUkNKMGxnbm1sTjhKZFBBd01wNkI2VmIxY003d3o0dTZ5VDdLWlhjYllRZjBiX09yd2t0UDNLQ014TUpGTTVPMERiTUwteDhuWWhUQVlzbDlyV21nMUF6SVY4azRNVWtNTmx2ZmV5VVlaRg?oc=5) · Top Class Actions
- 2021-11-09 [The Best Banks to Work For — under $3 billion of assets - American Banker](https://news.google.com/rss/articles/CBMikgFBVV95cUxNdUF5Yk9SQXJBSG9LZk45V3RPVElYeXFvTGlmNTJaOWx2NGhXU211TjJlbGlpN3FkSW5IdkVteFZUanRuTEpzV0tTOTUyNS03WDFhRkItUC1SbFRLcDRETkJxZlZVcl9HNXNaRnR5NlpLQnlzejZ4Y0JUbnA3MGJHUXUwaWV0b3BuR2gzSGJUWGEtZw?oc=5) · American Banker

## How to verify

- Page: https://getbookiq.com/bank-desk/#bank=28530 (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/50.json (key "28530", 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