# MID-CENTRAL NATIONAL BANK
WADENA, MN · FDIC certificate 30943 · asset band <$300M · latest filing 2026-06 · live

**Verdict on the desk:** this could be *auto lender*. 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 | $117.1M | |
| Deposits | $94.9M | |
| Loans and leases | $89.1M | |
| Total equity | $21.3M | |
| Loans / deposits | 93.18% (p85 of band) | 73.59% |
| Liquid assets / assets | 18.16% (p17 of band) | |
| Uninsured deposits / deposits | 3.94% (p2 of band) | 19.81% |
| Brokered deposits | 0.00% | |
| Wholesale funding | 0.00% (p23 of band) | |
| FHLB advances / assets | 0.00% | |
| Tier 1 leverage | 14.91% (p76 of band) | 11.76% |
| Unrealized securities loss / equity | -1.06% (p76 of band) | -6.57% |
| AOCI / equity | 0.04% (p87 of band) | |
| ROA (annualized) | 0.60% (p21 of band) | 1.17% |
| Net interest margin | 5.24% (p94 of band) | 3.93% |
| Efficiency ratio | 82.05% (p81 of band) | |
| Noncurrent loans | 0.76% (p64 of band) | 0.36% |
| Net charge-offs (annualized) | 0.00% (p38 of band) | |
| Reserve coverage of noncurrent | 110.74% | |
| Real estate % of loans | 75% | |
| Construction % of loans | 19.88% (p53 of band) | |
| Auto loans | $11.1M (12.42% of loans; DQ 2.19%, NCO 0.00%) | |
| Loans to nondepository financials | $0 (0% of equity) (p48 of band) | |
| Deposits YoY | -2.4% | |
| Employees | 36 | |

## Flags firing in the latest filing

- none

## Warning timeline

| Quarter | Score | Flags that first fired | Flags that cleared |
|---|---|---|---|
| 2011-03 | 1 | reserve under noncurrent |  |
| 2011-06 | 2 | loans exceed deposits, liquid assets <10% | reserve under noncurrent |
| 2011-09 | 2 |  |  |
| 2011-12 | 0 |  | loans exceed deposits, liquid assets <10% |
| 2012-03 | 1 | construction >100% equity |  |
| 2012-06 | 1 | reserve under noncurrent | construction >100% equity |
| 2012-09 | 1 | uninsured deposits leaving | reserve under noncurrent |
| 2012-12 | 1 |  |  |
| 2013-03 | 2 | capital falling, reserve under noncurrent | uninsured deposits leaving |
| 2013-06 | 2 | uninsured deposits leaving | capital falling |
| 2013-09 | 1 |  | reserve under noncurrent |
| 2013-12 | 2 | reserve under noncurrent |  |
| 2014-03 | 1 |  | reserve under noncurrent |
| 2014-06 | 2 | charge-offs p90, reserve under noncurrent | uninsured deposits leaving |
| 2014-09 | 3 | liquid assets <10% |  |
| 2014-12 | 1 |  | charge-offs p90, reserve under noncurrent |
| 2015-03 | 4 | loans exceed deposits, deposits shrinking, uninsured deposits leaving |  |
| 2015-06 | 3 |  | deposits shrinking |
| 2015-09 | 3 |  |  |
| 2015-12 | 3 | capital falling | uninsured deposits leaving |
| 2016-03 | 3 |  |  |
| 2016-06 | 2 |  | capital falling |
| 2016-09 | 2 |  |  |
| 2016-12 | 2 |  |  |
| 2017-03 | 4 | capital falling, charge-offs p90 |  |
| 2017-06 | 3 |  | charge-offs p90 |
| 2017-09 | 2 |  | capital falling |
| 2017-12 | 2 |  |  |
| 2018-03 | 2 |  |  |
| 2018-06 | 2 |  |  |
| 2018-09 | 2 |  |  |
| 2018-12 | 2 |  |  |
| 2019-03 | 2 |  |  |
| 2019-06 | 3 | uninsured deposits leaving |  |
| 2019-09 | 3 |  |  |
| 2019-12 | 2 |  | loans exceed deposits |
| 2020-03 | 2 | charge-offs p90 | liquid assets <10% |
| 2020-06 | 2 | capital falling | uninsured deposits leaving |
| 2020-09 | 2 | NIM <2.5%, reserve under noncurrent | charge-offs p90, capital falling |
| 2020-12 | 2 |  |  |
| 2021-03 | 1 |  | NIM <2.5% |
| 2021-06 | 1 |  |  |
| 2021-09 | 1 |  |  |
| 2021-12 | 1 |  |  |
| 2022-03 | 3 | deposits shrinking, assets shrinking |  |
| 2022-06 | 1 |  | deposits shrinking, assets shrinking |
| 2022-09 | 1 |  |  |
| 2022-12 | 1 |  |  |
| 2023-03 | 2 | deposits shrinking |  |
| 2023-06 | 3 | assets shrinking, uninsured deposits leaving | reserve under noncurrent |
| 2023-09 | 3 |  |  |
| 2023-12 | 3 |  |  |
| 2024-03 | 3 | reserve under noncurrent | uninsured deposits leaving |
| 2024-06 | 2 | uninsured deposits leaving | assets shrinking, reserve under noncurrent |
| 2024-09 | 0 |  | deposits shrinking, uninsured deposits leaving |
| 2024-12 | 0 |  |  |
| 2025-03 | 2 | capital falling, reserve under noncurrent |  |
| 2025-06 | 1 |  | capital falling |
| 2025-09 | 1 |  |  |
| 2025-12 | 2 | assets shrinking |  |
| 2026-03 | 2 | deposits shrinking | assets shrinking |
| 2026-06 | 0 |  | reserve under noncurrent, deposits shrinking |

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

- 2020-09-03 [Jiko Acquires Mid-Central National Bank to Deploy Its Innovative Money Platform - PR Newswire](https://news.google.com/rss/articles/CBMi0AFBVV95cUxPakp3YlJyb0tQMDdxZ0VmX0N0eW1OMTg0YmtPYmtZcmU4bExXclFuZVdaaWVFTS1CVkY1N3hTNVZ1MWc2bFpmbEhCb1BtOWpDcVkyQk5MMTBlNWZVd2pDWlNhVzVLalFaSjk2UER6ZU5hN1dwZnZ4ZlRkaWd2cWFvLVA3aHpFaktOX0k4MzdaLTg5NVhrYkpWU2dsNFAxX09EdVYtM1dBQ2JGcVFCdzNoTDhMMzdzanpqc3dBWTV5aF9lc1VxTmI0U0ZrVHpXajBF?oc=5) · PR Newswire
- 2020-09-08 [Fintech Jiko Acquires Minnesota Bank - Banking Exchange](https://news.google.com/rss/articles/CBMikgFBVV95cUxOWVdPbFQtT0tfdi11OEk5MG5wc19PUFVvLWRNczB5d1BIcEEwR3BOWXNvcHpxeER2XzZiUWdrQThfQlJZWk41MFA4bHE1MDdxNEswN0x6cWlkdlY0b1Nva3NZN0dxb0E0NXFpdGFiVHM1YVZScW91R2Vpdnc0aXJfV0g5ckVfUGt2YnY2cDJVYmVLZw?oc=5) · Banking Exchange
- 2020-09-15 [Jiko Group acquires Mid-Central Federal Savings Bank in Wadena - Wadena Pioneer Journal](https://news.google.com/rss/articles/CBMinAFBVV95cUxOTDhWSUhlMVkzS0pfOU1McXhiZUFWR1ZEcHpvVDJhSFNBVVRVMElSVHZONmlJU0NUR0o2encwZnBrNTdTdWJ5TzFUMmtuQ3ZVSW5EdFNlNWJSbFdXdFJjc1RkMG91bnhha1F5NmpWZUdRUFhyMllRelI4eVFMVmN1YlhIbGw4ZnZiX0QwM0QwQlVvWks3UVV4ZTE5alI?oc=5) · Wadena Pioneer Journal
- 2020-09-03 [Start-up co-founded by ex-Goldman trader is first fintech to complete takeover of a national bank - CNBC](https://news.google.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?oc=5) · CNBC
- 2020-09-04 [Jiko becomes the first FinTech startup to purchase a US-regulated bank - FinTech Global](https://news.google.com/rss/articles/CBMiqAFBVV95cUxOdzJjVk53Wmo3NXJKejdCSjZOYVZ0eEhDaldqLW84WVRHaWt5clIxOHNZTzJ2RjdSbWFjUnZENm9xMzZFeG81c3gxS2RFVTZ3T1dKbjFvTkh6cmIxRFJNcWl1VHBEeFBKTXRBUVY0ZlhlT0Y1cXliYlZyZVZnWDZvelNENFpvNUV4M3JTVjhKcktDdDFQVHZURkZSRXBYTjJfd24zMTFqSUo?oc=5) · FinTech Global
- 2022-07-05 [Palmer retires after 43 years in lending - Wadena Pioneer Journal](https://news.google.com/rss/articles/CBMigAFBVV95cUxOY0VVczRYU3ViUVEtYk5LZ2ZDOTh0M09Xbjd5eUFSaHpMbU9rOU5wUGtVSHJhdHFwTURCQmJPc3p4TEUwUGt3a3FGU2FoaFQ5bHhMckxpY1h3bWV0UW5HS3ZrdklBaHVtLU1iRGQ2b1lOVzZCZ3hPajR1b0dZeEdrag?oc=5) · Wadena Pioneer Journal
- 2022-11-23 [Donate now to the Empty Stocking Fund - Wadena Pioneer Journal](https://news.google.com/rss/articles/CBMifEFVX3lxTE9raFNhZEpGNDdDbU1GVTQzalJlM0RHQm5XZ1BDSXdOdjJPRmNfMlBxZWgzeG5wWFJVdDhDNkxTY0lFWWZYdm5jU0pySVJBTVlkTEZpTzJ5WjRQQTRzYWZ3UWtPMkhEX3dfR3JjbkhrWVNQbThQMlFub0NOUnk?oc=5) · Wadena Pioneer Journal
- 2024-02-26 [Ownership of Davis Appraisals passes from father to son - Wadena Pioneer Journal](https://news.google.com/rss/articles/CBMilgFBVV95cUxQdHBHZTZfZ2RvdTNXUzhpREhYV3pzT3J0a1cyRHI4TVNkWDQ4NERYLWZSMGdSVnlVUlBxT2hzREQxdGtmTzBxeWFJOVhWdHExclZ5Snk2elppcWZjWkFGWjhsRmF5SW0wNHVSRUU0ZWprbVFkNXJyNVEwSEN2NVNBS3BhdmU4Sk1zVG5oZGlWVi1DUWhyQWc?oc=5) · Wadena Pioneer Journal

## How to verify

- Page: https://getbookiq.com/bank-desk/#bank=30943 (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/31.json (key "30943", 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