# BUSINESS BANK
MINNETONKA, MN · FDIC certificate 35487 · asset band <$300M · latest filing 2013-06 · stopped filing (departed)

**Verdict on the desk:** this could be *funding-stretched*. Composite score 5 (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 | $192.0M | |
| Deposits | $132.7M | |
| Loans and leases | $151.1M | |
| Total equity | $22.2M | |
| Loans / deposits | 113.85% (p99 of band) | 68.67% |
| Liquid assets / assets | 13.30% (p6 of band) | |
| Uninsured deposits / deposits | 34.63% (p96 of band) | 11.61% |
| Brokered deposits | 26.03% | |
| Wholesale funding | 42.93% (p100 of band) | |
| FHLB advances / assets | 16.90% | |
| Tier 1 leverage | 9.58% (p39 of band) | 10.18% |
| Unrealized securities loss / equity | -0.56% (p45 of band) | -0.21% |
| AOCI / equity | -0.34% (p78 of band) | |
| ROA (annualized) | 0.21% (p16 of band) | 0.77% |
| Net interest margin | 1.52% (p2 of band) | 3.59% |
| Efficiency ratio | 96.30% (p89 of band) | |
| Noncurrent loans | 0.70% (p39 of band) | 1.13% |
| Net charge-offs (annualized) | 0.00% (p23 of band) | |
| Reserve coverage of noncurrent | 2.92% | |
| Real estate % of loans | 84% | |
| Construction % of loans | 23.41% (p61 of band) | |
| Auto loans | $36,000 (0.02% of loans; DQ 0.00%, NCO 0.00%) | |
| Loans to nondepository financials | $1.1M (5% of equity) (p98 of band) | |
| Deposits YoY | 12.6% | |
| Employees | 181 | |

## Flags firing in the latest filing

- **loans exceed deposits** (`liq_ltd`)
- **brokered >10%** (`liq_brokered`)
- **wholesale funding >15%** (`liq_wholesale`)
- **NIM <2.5%** (`earn_nim`)
- **reserve under noncurrent** (`aq_reserve`)

## Warning timeline

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

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

- 2026-09-01 [U.S. Bank Promotions: Earn Up To $1,200 - Forbes](https://news.google.com/rss/articles/CBMickFVX3lxTE9ncWs1cFl4NFlxWGxYV3o5TEhZSmpvVlp5VHV6NkVDY1RKRW0zUmV0ZVlvVnFleFA0cG0weHltSFE2VVBTY0xXZFByblJhZjdYWEx5SzI2Uk8yYmxDcERtWnFZeWZVSGxrSDVuT09seXN6Zw?oc=5) · Forbes
- 2026-08-04 [9 Best Banks for Small-Business Loans in 2026 - NerdWallet](https://news.google.com/rss/articles/CBMihgFBVV95cUxNVk9McmNBeXNPUHF3UEhkaThMSXVFUnBGRVJwM3BLdEVJU25RZ1NucHUtSFV1ejBLLVh5WUVYMFJBSmFsc0R2Ul9kTndyN0hSX0ltVTBoRGRURmQwMVFnR1BSLXVfcGxVYTlLY3hXWTMtc3JMVkNnUWRDNlUyTU1IZ081OGw3Zw?oc=5) · NerdWallet
- 2026-02-18 [List Of Failed Banks: 2009-2026 - Bankrate](https://news.google.com/rss/articles/CBMiZEFVX3lxTFAtbi1TaWMteGEyOHdQbnlXd0tPRzM2WFJQZjdPdzViQTZFLVVHODJRTEdqRWhnMkxIOG5xMUVSWU5iNHZSbVpnQ2Z4TWdiMDVwN2NTdUNGd3dXZ2tGcGZ2VWVJRnM?oc=5) · Bankrate
- 2025-10-01 [Oertel Joins First Business Bank as Senior Vice President – Asset-Based Lending - ABF Journal](https://news.google.com/rss/articles/CBMiqAFBVV95cUxQQUNWbWx2S1ZEWHNVdjlhMkFDb0pmbjRwSTl2TTVibGRFODVGNHVnaXpwWDF4Z2xwdVg3cWNBbHdkek1PaktxX05sT2pLc29aNWVXTjl4U09CcTlHOXBJYTdfVzBIZXVkMlZmWkJfSzBic0pnUkktbjV0enQ3anpYb1AtV2phazF2VVQtLUozZ1Z6SFR6aHBYc1ZrM1NScWNNM2dRdzVXLVE?oc=5) · ABF Journal
- 2026-04-28 [Bank relocating to Richfield, dealing blow to downtown St. Paul - Bring Me The News](https://news.google.com/rss/articles/CBMisgFBVV95cUxQVmpnaVZfVnA0LThxVEllWEI4clJhdUxyQWFQY2JtN0tMb0V0YTE5RTZKeGsyWmRMdmZvVEEyQzRaVm5yVmpfckY4a1JyT2FUSWt6VzJGZi1vMXpWaDQzSmE5N2JkOVgzWHZyTjVidmtibndHM1lhclVWREhzRlV6UEswdE14Y252VE40Y1JUVm1wZTJmWU5EUGhOV1Q5ZzFBQWdaaWpnaWR1SGZXam5xUE1n?oc=5) · Bring Me The News
- 2026-01-27 [U.S. Bank $1,200 Cash Bonus For New Business Checking Accounts - The College Investor](https://news.google.com/rss/articles/CBMingFBVV95cUxONDV0bmx4ZFlEU0RPVW9GLURwX0kwSEdqQUtBMF9WLWRYb2dYTjdhQS1XLUpLZE9ubWx2b3ZvOTFVZzRpUDFzbEpFdDhzMzRTTFJzbkpEQ0t3Y3p5aDVsOXBhXzlIa1ZzRUJCRktWZmowcjN2aEMxYTd4RkdLMURBWlUwOUl6ZkNITUtkWTZpdm1Ec2Mza3dWZjVVTUtzZw?oc=5) · The College Investor
- 2026-07-14 [MN Dept. of Revenue accused 4 of not reporting income in network of businesses - kare11.com](https://news.google.com/rss/articles/CBMi8gFBVV95cUxQV3Vjc21ybm4yZExLellYX2pMR3BvVFVPZUdVbGpZcGpBVnF3NFUtQTE0QXRaU0lVdC1ITHM5UlcyX3pod082cjVaYkRyU0k0NzlXNkRYeDExdW9lV1JzMF9ubVNjNEdCTFotdzFDMGh6NVVBUnptcUhKc0dWc2lxMGpmNndYb3hZbmhZSnVzY0RVSFVaNEJmXzViMXB1QjlIZ0VYblhma2poTng5V21CNHRKM2FZVEZMalhwQ0lURWV4Z21HbWtRVm5Eb3ZqZjl6YTBPXzd0TnJ4VkQxVFNKRG9ET3BSTUhBRDlsZjY3NjBOZw?oc=5) · kare11.com
- 2026-08-24 [Failed Banks In The US: An Analysis By Year, Size And More - Forbes](https://news.google.com/rss/articles/CBMibEFVX3lxTE9SRkVrQmdfS2FWVWlBdzNCcy1OTlAyNlVSUEpoMG5WVllXR0V1dW5NSFBRSW91OUFjZ055S3dyS3RaaVg3dVc3UU12XzhENE5nanJFeEExR016RTR4Y1BERHVJSHlzSDNqS3pUWQ?oc=5) · Forbes

## How to verify

- Page: https://getbookiq.com/bank-desk/#bank=35487 (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 "35487", 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