# BUSINESS BANK
APPLETON, WI · FDIC certificate 34993 · asset band <$300M · latest filing 2016-03 · stopped filing (departed)

**Verdict on the desk:** this could be *liquidity-rich*. Composite score 3 (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 | $250.1M | |
| Deposits | $214.6M | |
| Loans and leases | $147.9M | |
| Total equity | $32.9M | |
| Loans / deposits | 67.14% (p40 of band) | 72.92% |
| Liquid assets / assets | 39.64% (p63 of band) | |
| Uninsured deposits / deposits | 39.15% (p96 of band) | 13.88% |
| Brokered deposits | 0.00% | |
| Wholesale funding | 0.12% (p38 of band) | |
| FHLB advances / assets | 0.00% | |
| Tier 1 leverage | 12.32% (p72 of band) | 10.70% |
| Unrealized securities loss / equity | 0.16% (p25 of band) | 1.19% |
| AOCI / equity | 1.28% (p75 of band) | |
| ROA (annualized) | 0.34% (p18 of band) | 0.83% |
| Net interest margin | 2.47% (p6 of band) | 3.64% |
| Efficiency ratio | 67.02% (p36 of band) | |
| Noncurrent loans | 2.83% (p88 of band) | 0.70% |
| Net charge-offs (annualized) | -0.03% (p13 of band) | |
| Reserve coverage of noncurrent | 89.45% | |
| Real estate % of loans | 82% | |
| Construction % of loans | 35.81% (p72 of band) | |
| Auto loans | $0 (0.00% of loans; DQ –, NCO 0.00%) | |
| Loans to nondepository financials | $0 (0% of equity) (p48 of band) | |
| Deposits YoY | -1.7% | |
| Employees | 26 | |

## Flags firing in the latest filing

- **capital falling** (`cap_falling`)
- **NIM <2.5%** (`earn_nim`)
- **reserve under noncurrent** (`aq_reserve`)

## Warning timeline

| Quarter | Score | Flags that first fired | Flags that cleared |
|---|---|---|---|
| 2011-03 | 3 | brokered >10%, wholesale funding >15%, reserve under noncurrent |  |
| 2011-06 | 3 |  |  |
| 2011-09 | 4 | losing money |  |
| 2011-12 | 4 |  |  |
| 2012-03 | 6 | deposits shrinking, assets shrinking, uninsured deposits leaving | losing money |
| 2012-06 | 6 | noncurrent p90 | uninsured deposits leaving |
| 2012-09 | 7 | losing money |  |
| 2012-12 | 6 |  | losing money |
| 2013-03 | 6 |  |  |
| 2013-06 | 5 |  | wholesale funding >15% |
| 2013-09 | 5 |  |  |
| 2013-12 | 4 |  | brokered >10% |
| 2014-03 | 5 | brokered >10%, capital falling, charge-offs p90 | deposits shrinking, assets shrinking |
| 2014-06 | 3 |  | brokered >10%, capital falling |
| 2014-09 | 3 |  |  |
| 2014-12 | 3 |  |  |
| 2015-03 | 3 |  |  |
| 2015-06 | 2 |  | noncurrent p90 |
| 2015-09 | 3 | noncurrent p90 |  |
| 2015-12 | 3 | capital falling | noncurrent p90 |
| 2016-03 | 3 | NIM <2.5% | charge-offs p90 |

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

- 2026-08-04 [9 Best Banks for Small-Business Loans in 2026 - NerdWallet](https://news.google.com/rss/articles/CBMihgFBVV95cUxNVk9McmNBeXNPUHF3UEhkaThMSXVFUnBGRVJwM3BLdEVJU25RZ1NucHUtSFV1ejBLLVh5WUVYMFJBSmFsc0R2Ul9kTndyN0hSX0ltVTBoRGRURmQwMVFnR1BSLXVfcGxVYTlLY3hXWTMtc3JMVkNnUWRDNlUyTU1IZ081OGw3Zw?oc=5) · NerdWallet
- 2026-04-23 [First Business Bank Announces First Quarter 2026 Financial Results - Business Wire](https://news.google.com/rss/articles/CBMiwAFBVV95cUxQaVhGd25pSWZ2NUZXa0NxOERIZ1B3VThnbmJoNlc3ZEhFUXFMZldlb19IcW5Ob3hNS013X3Mxb1FIcWNmaUJTYmRQejZaR3JUMFNoUmhFWEpRQ1p4V0l6eW1LMjZBOWdtTXVNUEg4NWVRSmhJRVg2c3hOWE1LSW5qaGJEdnVnVkY2SFZHOXVsZTJDczZsQVVsOXpIek8xcUwzNldpemNMZFJ0TV8xVGlHZi1Gc2NYMVRhUXMtamE5WGo?oc=5) · Business Wire
- 2026-03-10 [Milwaukee area credit union to acquire Appleton-based business bank - The Post-Crescent](https://news.google.com/rss/articles/CBMi1wFBVV95cUxQUUdiTEk1SlhxOFEzSUdxUVZ1NmZxYTZCbFlWcVFVdVJ4SGxiMElvSFltU3BNQldCTUZIX3ZhLW8zNmx0M1ZjNjFUWDdCWENPZmlIZHhoRkJnYnh4cG5od1NWaUNtOUtEaXVhWFktUFBjVlMxUDltQTJEY2x5a01PZWEyRFd1aEx2ek9tbTY4Yl9RWVhjeXRhM3BxYkdrWFU5Vy1UZzZFeGFFZEhVRjFNaFg2TlZOdE5XZjBuWWxzUTBjYjFaTlAwSTBweUJuZWVBZExiTW9EWQ?oc=5) · The Post-Crescent
- 2026-05-08 [Port Washington State Bank diversifying lending strategy - The Business Journals](https://news.google.com/rss/articles/CBMipwFBVV95cUxNYU9GTG1LYkNYamNENk1NWkFDVWFYejFvTkxYNl9tZUsxejRrOXp5eUF4LUE4N3Q0UE9SWmxVei1KZ1FwbjI5MlRhUEFuUDBmbGtDOW0xT0U1cnlhSGtMQzZJbDVjNDA5OUJQaXNwVmxtTnRRM1lyUlNGcEVsZ0pnUFBjYXFkd1g1cTI0dU9Ib2p4aVBwTVJyajZxcVBhdGtyZmp6aUw2TQ?oc=5) · The Business Journals
- 2026-03-10 [Landmark Credit Union Announces Acquisition of American National Bank-Fox Cities; Expands Northeast Wisconsin Presence - PR Newswire](https://news.google.com/rss/articles/CBMigwJBVV95cUxPZTdRTTR5SkJpV25nTFFZc1BQekVFR3JvX2VZSXlqZ0VmRXZrR3psY1FqR25UTFdLLUtSSWdSeXdXaC1jNldoODRhSVhVSm5kWkpJY19GQzhfSk9Xdk1IeWxoalZCMWlEQklaeTZfLVNJWkstZk9xR2V4VWQtZ3N1MkZGcU1MRmJfVmZPMlJiUWhMQ1RtSkNzY2lmTGNxcG56eWNsSGl4OE1RS1RhcnlUYUl5Sll0VWJmNjI4dmEyeTVSZjNHZ2ZnTWs3c29oTVR6UjdvOXhwTi1iMDgtdUJZQTN6a0dWcHFaR1owVEFkdGs1ZU9hWUdWdndiek9ibmdkeTVr?oc=5) · PR Newswire
- 2026-05-29 [Waukesha County market at center of $203M bank merger - GMToday.com](https://news.google.com/rss/articles/CBMiuwFBVV95cUxPWjFGd285UGR0UWcxV3VtVTZabi01THlHRjdrX0U0aFZqRV9GdnNYcV8wYldZLXJMSmIxaXFJUEFaang5WDhIb1o4anJZWVdfVFpTUDF4NnNYaHJvMXRyc0lhTjYtX25pTDhlUXpYMUZWb3R3R0pzTldCTzBfSzN0WHVxWDRKSDF3YXcxeHRjYWhqWnV4M3hXaHBNaDBScFlFYzZMZ1QwX01MTDl0Sm01bU43VzU4Qnd4MlNB?oc=5) · GMToday.com
- 2022-04-18 [First Business Bank Promotes Preston to SVP, Director of Treasury Management - ABF Journal](https://news.google.com/rss/articles/CBMipgFBVV95cUxNMVVsNDItUUFjYlJrLTRRZUVlN1l6NWFOMGlyT3JtRHBQbVFkSEhmRjVrc1czNFZqVG9tMjM0NkotanRoQ1VibDYxYnBVY0x5dmxKUUVhV2VIYlo5cEdWam15czhJMlZnWnhRRGtwV0s0QTVBejBiYkZtbE9GNlFvQ0V6eUhIREM5dWM3dWFaUzlyS0hfM1hiY3pwRVVHU0sxT3dGQlZR?oc=5) · ABF Journal
- 2018-10-01 [Dustin Van Peursem Joins First Business Bank - Urban Milwaukee](https://news.google.com/rss/articles/CBMijgFBVV95cUxQaEQ2UHU0WXhaV2FiX1E2N2VwTEU3Z0lNYmJsYWd4VXg3QUZKc2VfVGFHOWdyQzdjNGdiU2UwWk9saDVyeEhBVVFBX3dwZndKeVFKbEF1bjRFbUtkSE12YWJFUi1idWFUbUt2WDU5TEtaTGg4dVNkOWcybEZiNUswSUdFaEo4bXNmRU9TY09B?oc=5) · Urban Milwaukee

## How to verify

- Page: https://getbookiq.com/bank-desk/#bank=34993 (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/49.json (key "34993", 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