# 1ST UNITED BANK
FARIBAULT, MN · FDIC certificate 31249 · asset band <$300M · latest filing 2025-03 · stopped filing (departed)

**Verdict on the desk:** this could be *liquidity-rich*. Composite score 1 (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 | $167.2M | |
| Deposits | $148.3M | |
| Loans and leases | $76.0M | |
| Total equity | $17.9M | |
| Loans / deposits | 50.56% (p22 of band) | 70.65% |
| Liquid assets / assets | 49.93% (p76 of band) | |
| Uninsured deposits / deposits | 13.24% (p26 of band) | 19.26% |
| Brokered deposits | 0.00% | |
| Wholesale funding | 0.00% (p22 of band) | |
| FHLB advances / assets | 0.00% | |
| Tier 1 leverage | 9.92% (p28 of band) | 11.50% |
| Unrealized securities loss / equity | -20.21% (p34 of band) | -11.46% |
| AOCI / equity | 4.30% (p85 of band) | |
| ROA (annualized) | 1.06% (p53 of band) | 1.00% |
| Net interest margin | 3.24% (p29 of band) | 3.68% |
| Efficiency ratio | 55.62% (p19 of band) | |
| Noncurrent loans | 0.00% (p13 of band) | 0.28% |
| Net charge-offs (annualized) | 0.00% (p43 of band) | |
| Reserve coverage of noncurrent | – | |
| Real estate % of loans | 80% | |
| Construction % of loans | 52.05% (p78 of band) | |
| Auto loans | $804,000 (1.06% of loans; DQ 0.00%, NCO 0.00%) | |
| Loans to nondepository financials | $0 (0% of equity) (p48 of band) | |
| Deposits YoY | -2.6% | |
| Employees | 15 | |

## Flags firing in the latest filing

- **assets shrinking** (`shrink_assets`)

## Warning timeline

| Quarter | Score | Flags that first fired | Flags that cleared |
|---|---|---|---|
| 2011-03 | 1 | reserve under noncurrent |  |
| 2011-06 | 1 |  |  |
| 2011-09 | 1 |  |  |
| 2011-12 | 1 |  |  |
| 2012-03 | 2 | uninsured deposits leaving |  |
| 2012-06 | 1 |  | uninsured deposits leaving |
| 2012-09 | 1 |  |  |
| 2012-12 | 0 |  | reserve under noncurrent |
| 2013-03 | 0 |  |  |
| 2013-06 | 0 |  |  |
| 2013-09 | 0 |  |  |
| 2013-12 | 0 |  |  |
| 2014-03 | 0 |  |  |
| 2014-06 | 1 | reserve under noncurrent |  |
| 2014-09 | 1 |  |  |
| 2014-12 | 0 |  | reserve under noncurrent |
| 2015-03 | 0 |  |  |
| 2015-06 | 1 | assets shrinking |  |
| 2015-09 | 2 | uninsured deposits leaving |  |
| 2015-12 | 1 |  | assets shrinking |
| 2016-03 | 1 | capital falling | uninsured deposits leaving |
| 2016-06 | 1 |  |  |
| 2016-09 | 1 | NIM <2.5% | capital falling |
| 2016-12 | 1 |  |  |
| 2017-03 | 0 |  | NIM <2.5% |
| 2017-06 | 1 | reserve under noncurrent |  |
| 2017-09 | 1 |  |  |
| 2017-12 | 0 |  | reserve under noncurrent |
| 2018-03 | 4 | reserve under noncurrent, deposits shrinking, assets shrinking, uninsured deposits leaving |  |
| 2018-06 | 2 |  | reserve under noncurrent, deposits shrinking |
| 2018-09 | 1 |  | assets shrinking |
| 2018-12 | 2 | deposits shrinking |  |
| 2019-03 | 0 |  | uninsured deposits leaving, deposits shrinking |
| 2019-06 | 1 | uninsured deposits leaving |  |
| 2019-09 | 0 |  | uninsured deposits leaving |
| 2019-12 | 0 |  |  |
| 2020-03 | 0 |  |  |
| 2020-06 | 1 | capital falling |  |
| 2020-09 | 1 |  |  |
| 2020-12 | 0 |  | capital falling |
| 2021-03 | 0 |  |  |
| 2021-06 | 1 | capital falling |  |
| 2021-09 | 1 |  |  |
| 2021-12 | 0 |  | capital falling |
| 2022-03 | 1 | NIM <2.5% |  |
| 2022-06 | 3 | AOCI drag >20% of equity, securities losses >30% of equity |  |
| 2022-09 | 4 | assets shrinking |  |
| 2022-12 | 4 | capital falling | assets shrinking |
| 2023-03 | 5 | deposits shrinking, assets shrinking, uninsured deposits leaving | NIM <2.5%, AOCI drag >20% of equity |
| 2023-06 | 6 | wholesale funding >15%, NIM <2.5% | assets shrinking |
| 2023-09 | 6 |  |  |
| 2023-12 | 5 |  | capital falling |
| 2024-03 | 5 |  |  |
| 2024-06 | 3 | assets shrinking | deposits shrinking, uninsured deposits leaving, wholesale funding >15% |
| 2024-09 | 1 |  | securities losses >30% of equity, NIM <2.5% |
| 2024-12 | 1 |  |  |
| 2025-03 | 1 |  |  |

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

- 2025-01-20 [Northfield's Community Resource Bank, Faribault's First United Bank to merge - southernminn.com](https://news.google.com/rss/articles/CBMigwJBVV95cUxOX0loMkgyWE1DRlQwdWRGQmFjaHN0UWdzaERnQTE5ZU0tbFJxM0hoNXQwa3dkLUgtdVUzYXdPamhvbERRQm0xVDRubV9nU1kySTVtRk1aZGdzbUE3SFl6U1pWMjFjcmRGaE8teFBWaHE4QThDUTBLMmZIZ2VDaWh4Mm5uYWdnT1JQY28zR3hTNGE4dXBVQndQUnpZc2FpZktocG9BMV9LS2RKb0l6c0RUalY4VFNWUHNsWkh3SkVZUE5GYW1QSnRpRG5IOW5ndnlOVTdER3IxWnI1cXBiSTR3UkEwaktmdFl2NTMxV3U2LVNvWks4LUczUXB5dEZ6S1lWbVhj?oc=5) · southernminn.com
- 2025-01-15 [Community banks in Northfield, Faribault to merge - Finance & Commerce](https://news.google.com/rss/articles/CBMijwFBVV95cUxQc0U3ZFNoTEJQanEtVDgxYWNaTHpXUjJKeGVrYUx4Yl8zR2NaVU5LazNWQllPSGRZM2ZQcmxtVklJNVFHaHoyUGgzQ2REU3FaX0xMX19FUmlHZl9YN1NPVHdYRDdMb1FISHJPLXEyTFEyS3RUZkluTzdWMnJ3bDRLMlBxTHVya1I4LXBwSnVTVQ?oc=5) · Finance &amp; Commerce
- 2026-09-03 [MidCountry Bank names Community Resource Bank CEO as next leader - The Business Journals](https://news.google.com/rss/articles/CBMiqwFBVV95cUxNVVhkLWcxY29yRUQtOFdUd1c3dmlBV08zSGRsNE5TaFNMT2RUX3duWlZUdlBNdGZrWmQ2SEZtdE5yY0VnSmZDdWRuRS1DbE1mZEFFVlJDbjI0QUlGOE51UTF5dWJsV1N0WmdvdXQ0bG1aMXlmWEt0VEJuSGJ1eFJtZmdwUXNPMGlHVUN2RVFTRU92TlFIUTRUUDdVdzFSMW9zOVNrQXJsaWVvSjA?oc=5) · The Business Journals
- 2025-11-02 [Sharon R. Bauer Obituary Nov 2, 2025 - parkerkohlfuneralhome.com](https://news.google.com/rss/articles/CBMibkFVX3lxTE5TMVhOMzZ6SVh1QjE5XzY2U3lHVGJzdEpjWkxyNnNxRnl4SlcwWHdmNVFPd1ZJYXRhSExaa2dwbUowdUlNOVU3ZE8zVXdRQUxnVi1tcEhEZ1lEbF9fTU9meF82V2huWU9kMURWN3J3?oc=5) · parkerkohlfuneralhome.com
- 2025-01-20 [Faribault's First United Bank, Northfield's Community Resource Bank to merge - southernminn.com](https://news.google.com/rss/articles/CBMiigJBVV95cUxQUHVIOExaYnFWTTJ6RU5pbWw0R3lkU0dFcmpobUR4SjVjNlRteFZUUW1nMF9HbWFZTlpndDFqUU1DNTJlQ3NNUE9aVVRzdW5tVUdmNWJhR1FxbS1DWHVkUmVsbkNmUjhOeXNLU3dsUnRuTHhuUGVSYUdjQ196c3pqcER2MktJQ2x0bThsU1lKVzNUOGZ0VUI5MzlqRXhUUmY5SXd0VVJ6YzlFdXdZelI4aWFLVmwtNnFObkRPUzlmMm1kVWZnbFkxa3FVM2VBc3g0WnNGNS00MHpPYjc0dzJoMTBvUGhhY2VPNTRvNXo5TGQ0Q1lxMWNSLUVBQ3hScFJ5a2tDbEhoSlJkQQ?oc=5) · southernminn.com
- 2024-12-04 [List of Recent Failed Banks in the United States (2023-2024) - Norada Real Estate Investments](https://news.google.com/rss/articles/CBMia0FVX3lxTE4zaWFvQzhqc24zdE1QZ1haYnk2b1NsLWxONmNTTV9jVldzbjZqLUM1NV85U3dyaENaUGhWVm0wdllpUlNMZlIteHExdVUzS0JTdXlRWTJiUGJfaEtZSk5wcWhNNG1ZS0U5Y0Vz?oc=5) · Norada Real Estate Investments
- 2018-10-11 [Valley National Bank rebrands as 'Valley' - The Business Journals](https://news.google.com/rss/articles/CBMiowFBVV95cUxPTnRfbFZHZEpWTmE3WklaOEFqMVFrTGhLbExEVTdVbUxpUFJYU2RDWVNhT3AwS01Vb2ZXVXo5aU83X050NnlBYllUcnc5ZHZLRmd1eHY1a2hSajQ4NHI5Rl9xcTRRNW5MTWx5eDBxSTdIOVN0dVFLRXpaeGQ4a25GUjZPY3UtRVBJdnV6MV9WX0RDY3NaSmJaVXBmcE1RU2xoOG9N?oc=5) · The Business Journals
- 2009-11-14 [Mary Friesen Obituary Nov 14, 2009 - Dennis Steffel Omtvedt Funeral and Cremation Service](https://news.google.com/rss/articles/CBMiX0FVX3lxTFBBRVV2VjhSUXN4SUhOTDFBY3BDQXNQQk1PZWIwS3dnQ2dEcEJqeU1RRzlmdzJUWGdlUkUzeUhiM2UtX0hTcUJZVkVCVkZVWDVDUU5mMU5YTkxxTWozckFv?oc=5) · Dennis Steffel Omtvedt Funeral and Cremation Service

## How to verify

- Page: https://getbookiq.com/bank-desk/#bank=31249 (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/17.json (key "31249", 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.

---
Rendered 2026-09-10 from the desks' own data files. Full guide: https://getbookiq.com/guide