# WCF FINANCIAL BANK
WEBSTER CITY, IA · FDIC certificate 28989 · asset band <$300M · latest filing 2026-06 · live

**Verdict on the desk:** this could be *credit-stressed*. 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 | $224.4M | |
| Deposits | $173.7M | |
| Loans and leases | $176.3M | |
| Total equity | $17.6M | |
| Loans / deposits | 100.34% (p92 of band) | 73.59% |
| Liquid assets / assets | 15.43% (p12 of band) | |
| Uninsured deposits / deposits | 23.66% (p64 of band) | 19.81% |
| Brokered deposits | 11.77% | |
| Wholesale funding | 25.58% (p97 of band) | |
| FHLB advances / assets | 13.37% | |
| Tier 1 leverage | 8.31% (p5 of band) | 11.76% |
| Unrealized securities loss / equity | -6.91% (p49 of band) | -6.57% |
| AOCI / equity | -0.72% (p35 of band) | |
| ROA (annualized) | 0.10% (p8 of band) | 1.17% |
| Net interest margin | 2.71% (p7 of band) | 3.93% |
| Efficiency ratio | 95.25% (p93 of band) | |
| Noncurrent loans | 5.11% (p97 of band) | 0.36% |
| Net charge-offs (annualized) | 0.00% (p21 of band) | |
| Reserve coverage of noncurrent | 22.27% | |
| Real estate % of loans | 83% | |
| Construction % of loans | 58.68% (p84 of band) | |
| Auto loans | $5.9M (3.36% of loans; DQ 2.24%, NCO 0.00%) | |
| Loans to nondepository financials | $0 (0% of equity) (p48 of band) | |
| Deposits YoY | 4.4% | |
| Employees | 30 | |

## Flags firing in the latest filing

- **loans exceed deposits** (`liq_ltd`)
- **brokered >10%** (`liq_brokered`)
- **wholesale funding >15%** (`liq_wholesale`)
- **expense ratio p90** (`earn_efficiency`)
- **noncurrent p90** (`aq_noncurrent`)
- **reserve under noncurrent** (`aq_reserve`)

## Warning timeline

| Quarter | Score | Flags that first fired | Flags that cleared |
|---|---|---|---|
| 2011-03 | 0 |  |  |
| 2011-06 | 0 |  |  |
| 2011-09 | 0 |  |  |
| 2011-12 | 0 |  |  |
| 2012-03 | 3 | capital falling, reserve under noncurrent, uninsured deposits leaving |  |
| 2012-06 | 2 | assets shrinking | capital falling, reserve under noncurrent |
| 2012-09 | 2 | reserve under noncurrent | assets shrinking |
| 2012-12 | 2 | capital falling | reserve under noncurrent |
| 2013-03 | 2 | reserve under noncurrent | uninsured deposits leaving |
| 2013-06 | 0 |  | capital falling, reserve under noncurrent |
| 2013-09 | 1 | reserve under noncurrent |  |
| 2013-12 | 1 |  |  |
| 2014-03 | 1 |  |  |
| 2014-06 | 1 |  |  |
| 2014-09 | 1 |  |  |
| 2014-12 | 1 |  |  |
| 2015-03 | 1 | capital falling | reserve under noncurrent |
| 2015-06 | 1 | reserve under noncurrent | capital falling |
| 2015-09 | 1 |  |  |
| 2015-12 | 1 |  |  |
| 2016-03 | 2 | deposits shrinking |  |
| 2016-06 | 2 | capital falling | deposits shrinking |
| 2016-09 | 1 |  | capital falling |
| 2016-12 | 2 | expense ratio p90 |  |
| 2017-03 | 1 |  | expense ratio p90 |
| 2017-06 | 4 | expense ratio p90, deposits shrinking, assets shrinking, uninsured deposits leaving | reserve under noncurrent |
| 2017-09 | 5 | reserve under noncurrent |  |
| 2017-12 | 2 |  | deposits shrinking, assets shrinking, uninsured deposits leaving |
| 2018-03 | 1 |  | expense ratio p90 |
| 2018-06 | 3 | deposits shrinking, uninsured deposits leaving |  |
| 2018-09 | 2 |  | reserve under noncurrent |
| 2018-12 | 2 | wholesale funding >15%, reserve under noncurrent | deposits shrinking, uninsured deposits leaving |
| 2019-03 | 3 | losing money, expense ratio p90, NIM <2.5% | wholesale funding >15%, reserve under noncurrent |
| 2019-06 | 5 | wholesale funding >15%, capital falling, reserve under noncurrent | losing money |
| 2019-09 | 3 |  | capital falling, reserve under noncurrent |
| 2019-12 | 3 |  |  |
| 2020-03 | 4 | losing money |  |
| 2020-06 | 4 |  |  |
| 2020-09 | 4 | capital falling | NIM <2.5% |
| 2020-12 | 3 |  | losing money |
| 2021-03 | 4 | charge-offs p90, uninsured deposits leaving | expense ratio p90 |
| 2021-06 | 3 |  | capital falling |
| 2021-09 | 2 |  | charge-offs p90 |
| 2021-12 | 2 |  |  |
| 2022-03 | 1 |  | uninsured deposits leaving |
| 2022-06 | 2 | capital falling |  |
| 2022-09 | 2 |  |  |
| 2022-12 | 2 |  |  |
| 2023-03 | 2 |  |  |
| 2023-06 | 3 | loans exceed deposits |  |
| 2023-09 | 3 |  |  |
| 2023-12 | 5 | losing money, expense ratio p90 |  |
| 2024-03 | 4 | NIM <2.5% | wholesale funding >15%, losing money |
| 2024-06 | 5 | wholesale funding >15% |  |
| 2024-09 | 5 | uninsured deposits leaving | expense ratio p90 |
| 2024-12 | 6 | losing money, expense ratio p90 | uninsured deposits leaving |
| 2025-03 | 3 | reserve under noncurrent | loans exceed deposits, NIM <2.5%, wholesale funding >15%, losing money |
| 2025-06 | 5 | loans exceed deposits, noncurrent p90 |  |
| 2025-09 | 5 | wholesale funding >15% | noncurrent p90 |
| 2025-12 | 9 | losing money, NIM <2.5%, noncurrent p90, charge-offs p90 |  |
| 2026-03 | 7 | brokered >10% | capital falling, loans exceed deposits, charge-offs p90 |
| 2026-06 | 6 | loans exceed deposits | losing money, NIM <2.5% |

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

- 2020-09-17 [WCF Financial opens operation - Tama-Toledo News Chronicle](https://news.google.com/rss/articles/CBMinAFBVV95cUxOOFdUUVRmTGVFUFlvdjJFbEdDQnBXbTBBQjUtSFBjeVZXaTNmamd1a05NWTRDczcwSmtrNkRZWURGSUJyTGZaazA2RW1TVEwxUVJ4aTRuV3E2ZWFycHhHODdmSExxUWNLZzBrRGlISTNCU2IwSEpwcDluTmZyTlRFdUtKMm5rbjBBVFJVdWp6QnhsT1JEaEllbHpZMVA?oc=5) · Tama-Toledo News Chronicle
- 2022-03-23 [Warland joins WCF Financial Bank - - The Freeman Journal](https://news.google.com/rss/articles/CBMimAFBVV95cUxQNURxRzUzMElpeFBxNWRva2Z2aGNZaTFLX1FaRnRtODZjMklpXzBYQzc5ZDVQV3M4VmphQkJkR0dwMElNS2FaVHIwU1E2U0lTclpnNUxvNjBJOXlvR2hxMFIxVWRKMEZQZ2g0LXRVNWZFZmlWSHZQOEZwVjlBb3lKcy13VVI2UTQtU3VOUE56NjA0QWhJSk9iZw?oc=5) · The Freeman Journal
- 2026-07-20 [Who is helping Derek Wulf pay his debts? - Bleeding Heartland](https://news.google.com/rss/articles/CBMijgFBVV95cUxQVFp0aDB2aDl0bmpnVHdmVEo1dTJTV2tHNDhXQ0VSTEJ3alFhcUtXazhzTU1tM3VleWtUbWFFaTU4TG5yeF9LVlh3eWZXc2xCNUlzTTlVeTFBLUZOMDNKSTBETXBQMTZ2aEF0MEY0VTNyaXZFX3BDaWw1ZjhOR0xHQi0wei1sbHJoUFVHZmVB?oc=5) · Bleeding Heartland
- 2018-09-06 [U.S. Bank, Wells, Citi and Great Western: Bankers on the move - American Banker](https://news.google.com/rss/articles/CBMilwFBVV95cUxPR2lVVWk2VG9Kal81dzloUVc2elJWMThnUC1kMnpEZHU0ZDM4dkQwS1RHckprTkxXLVRNc3BoNDVFN2NvRnlzcTczWlVZbnQ2RW5fd3BxX1JUU1dTZ0sxN2NwdkJEOExNSGs2MWoyb2lYUHMyZ3NpSURQaXNxc2ZsRVZ4ZmlXNUxFNGhqRy1wcFBHSFdyaTRz?oc=5) · American Banker
- 2026-09-04 [Lenders, farmers accuse Lt. Gov candidate Derek Wulf of theft, fraud - The Des Moines Register](https://news.google.com/rss/articles/CBMi4gFBVV95cUxQeklaeWNReUxGdk0zSG5ZMnJfTlhHUERIV3V3VTJhZ0llcnhodDk5TjFCbFBuVV9ySGFYdXJ4R2tldUZ2UFRvMU9fNUxwN2p4YVNxeWczWVk3bGJ3WFlXTk42UVBhTy1ReTAyMFI3WUhZZ0lPMkZrQXFRWmRSM1R6VVJBQ3lkSnJYWkoxTXFwcXJNeUhkeEU5NVVfcVRlVTFLNEpuSjRvUlg3MjJPdXJKa3VfT0ZCOHBnTzI5QW1ncjJkSElDVHpDR2pEb1ZSYWswalhrcE0xQl94dm9VWFUyUDNB?oc=5) · The Des Moines Register
- 2018-03-04 [Johnson is new WCF Bank CFO - - Messenger News](https://news.google.com/rss/articles/CBMijwFBVV95cUxPcXFaWEtVbUpVdXphdlZuWjRWSy1WczRpNFpwSUhXbFcyVDlGQV9FWW53OVl1QTBSeWdaVmVUd1hLZUlmREs0WUdjTEYwamRqVzZ3Mzgya24yTWtpenZyVTY2MHI4ajN6UmlMYUdfODJkYU5FYXQ3bFpOcU5paHFuM0owMVl0WGVzbG1OQ1k2UQ?oc=5) · Messenger News
- 2024-09-23 [Google Wallet now supports 47 more US banks (and one new service) - androidpolice.com](https://news.google.com/rss/articles/CBMilwFBVV95cUxPNlpuR1J6Q2JwOXFsMExVdW1KWXhaUk1CTXVpdk1vMndxbjBJNWw2TzEza1NPV2FDdE1KU3gwdEdIWjJYUWpQZzZpcXdYaThzZnhaXy1ZYUpINjZaTjhCb001aE9taVdtMklUMkZZVlB3WkFDOUUxNFdudncxX0NfaVNFZk5jR1I0VmlMZE1ka2JoQy1sYXlN?oc=5) · androidpolice.com
- 2025-10-20 [WCF Financial Bank and WCF Bancorp, Inc., appoint new board member - - The Freeman Journal](https://news.google.com/rss/articles/CBMiuwFBVV95cUxQbzh6QTMweFZNQUptdHBrWmtOT0JneldvbTdZQnNjaWRYN1Rhenh6Z1hLQjFzdE91dlhVdXZiSnFjRGJKNnd3bGJUZFFBeTBhaHFEcWxGQnM2angxNHpCRzNNcjlBNGFqVkNxRVVyWFhZODVpRk5ISmI4S0VmaHptajhZUU5HOWJPWEUtckQyaGNZWTd1clpEenRWSDN5akFlREpwOThRQWFlNVVBUlJScS1JbEFsMGpGcHBB?oc=5) · The Freeman Journal

## How to verify

- Page: https://getbookiq.com/bank-desk/#bank=28989 (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/61.json (key "28989", 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