# PATRIOT BANK MINNESOTA
FOREST LAKE, MN · FDIC certificate 34823 · asset band <$300M · latest filing 2011-12 · FAILED

**Verdict on the desk:** this could be *credit-stressed*. Composite score 11 (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 | $105.0M | |
| Deposits | $102.8M | |
| Loans and leases | $76.3M | |
| Total equity | $1.6M | |
| Loans / deposits | 70.14% (p50 of band) | 70.28% |
| Liquid assets / assets | 17.32% (p12 of band) | |
| Uninsured deposits / deposits | 6.97% (p43 of band) | 8.25% |
| Brokered deposits | 0.00% | |
| Wholesale funding | 0.00% (p16 of band) | |
| FHLB advances / assets | 0.00% | |
| Tier 1 leverage | 1.30% (p0 of band) | 9.92% |
| Unrealized securities loss / equity | 10.46% (p84 of band) | 3.23% |
| AOCI / equity | 9.44% (p94 of band) | |
| ROA (annualized) | -5.03% (p1 of band) | 0.69% |
| Net interest margin | 3.15% (p15 of band) | 3.86% |
| Efficiency ratio | 200.75% (p99 of band) | |
| Noncurrent loans | 14.94% (p99 of band) | 1.38% |
| Net charge-offs (annualized) | 3.58% (p99 of band) | |
| Reserve coverage of noncurrent | 36.99% | |
| Real estate % of loans | 59% | |
| Construction % of loans | 1211.36% (p100 of band) | |
| Auto loans | $87,000 (0.11% of loans; DQ 0.00%, NCO 0.00%) | |
| Loans to nondepository financials | $1.7M (107% of equity) (p100 of band) | |
| Deposits YoY | – | |
| Employees | 28 | |

## Flags firing in the latest filing

- **leverage <7%** (`cap_low`)
- **leverage <5%** (`cap_critical`)
- **capital falling** (`cap_falling`)
- **losing money** (`earn_negative`)
- **expense ratio p90** (`earn_efficiency`)
- **noncurrent p90** (`aq_noncurrent`)
- **charge-offs p90** (`aq_nco`)
- **reserve under noncurrent** (`aq_reserve`)
- **construction >100% equity** (`conc_construction`)
- **loans-to-lenders >50% equity** (`conc_warehouse`)

## Warning timeline

| Quarter | Score | Flags that first fired | Flags that cleared |
|---|---|---|---|
| 2011-03 | 6 | leverage <7%, losing money, expense ratio p90, noncurrent p90, reserve under noncurrent, construction >100% equity |  |
| 2011-06 | 9 | leverage <5%, charge-offs p90, loans-to-lenders >50% equity | noncurrent p90 |
| 2011-09 | 11 | capital falling, noncurrent p90 |  |
| 2011-12 | 11 |  |  |

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

- 2012-01-26 [Patriot Bank Minnesota of Forest Lake fails, is taken over by First Resource Bank of Savage - Pioneer Press](https://news.google.com/rss/articles/CBMiyAFBVV95cUxPOFZxRk5IT0dzSG5FN3VPTEtZd1VvRmdlZVNMXzhOeHgxQU5zQ3pHWHNCN1FKRWN5UVBBeEl0OFhUWFRFQ2JQZXBVSGJHVmtOTnkzUlNfOGk1Y19GTzVIUlZjd1NiSWhLaXZHcklta3VhNWdndDdLOVdvTFlsUWMycE83WlotZDZWUG0tbFRLdEsweXhXeGN6dGZRQ0todnJjMXJ0XzJsenZoN3FjWmh0b1FuZ3JfQ0gxLVhYMmJ1ZUhfVmNTTk5HSQ?oc=5) · Pioneer Press
- 2026-02-18 [List Of Failed Banks: 2009-2026 - Bankrate](https://news.google.com/rss/articles/CBMiZEFVX3lxTFAtbi1TaWMteGEyOHdQbnlXd0tPRzM2WFJQZjdPdzViQTZFLVVHODJRTEdqRWhnMkxIOG5xMUVSWU5iNHZSbVpnQ2Z4TWdiMDVwN2NTdUNGd3dXZ2tGcGZ2VWVJRnM?oc=5) · Bankrate
- 2026-01-06 [First Resource Bank names Aaron Siegle CEO - The Business Journals](https://news.google.com/rss/articles/CBMiqAFBVV95cUxQNmVvMExJR0NJQTVNQ1NwSkZBMDdpVFJHa0RGNmw2S2pTc3dieVE5WWlXV2JJVk90OG9PMnppTTRfaGtoWFpDa1ZVNHRaUDVScDI3UDRJZUw4LXVITUpJT1loWkFwUXJEd3pmOHJTV2t1SXcybkJBeVBSWUUyUm9TdmMyWlNkUXlkVzctSlhDR19VdTNBYnFZNk03SjdJelR1SklWaUo5aVI?oc=5) · The Business Journals
- 2012-09-21 [Republic Bank Buys Failed Bloomington Bank, Eyes Growth in Mpls. - Twin Cities Business](https://news.google.com/rss/articles/CBMiigFBVV95cUxNYU5oQ0oxbmdWb2pkVV82M3BoU1JDS2J2NUdiZWllN05SUDFMRXNGeE1aS182R0FNcVBjT0hUNDBoSEFwT0gyT2FWUU5xVElYYnNvSG5HWTNfUEROc29kaWhDX3lzRDJJSlRjUDU3RkQtTkFIa0lqN1V0M3dsZUpNZFJzZTU4TGRxWFE?oc=5) · Twin Cities Business
- 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

## How to verify

- Page: https://getbookiq.com/bank-desk/#bank=34823 (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/7.json (key "34823", 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