# MIDWEST NATIONAL BANK
SANDOVAL, IL · FDIC certificate 3834 · asset band <$300M · latest filing 2026-06 · live

**Verdict on the desk:** this could be *funding-stretched*. Composite score 4 (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 | $122.6M | |
| Deposits | $108.5M | |
| Loans and leases | $96.7M | |
| Total equity | $8.7M | |
| Loans / deposits | 88.14% (p76 of band) | 73.59% |
| Liquid assets / assets | 15.32% (p12 of band) | |
| Uninsured deposits / deposits | 22.11% (p58 of band) | 19.81% |
| Brokered deposits | 17.11% | |
| Wholesale funding | 21.23% (p96 of band) | |
| FHLB advances / assets | 4.12% | |
| Tier 1 leverage | 8.06% (p3 of band) | 11.76% |
| Unrealized securities loss / equity | -11.48% (p37 of band) | -6.57% |
| AOCI / equity | -0.44% (p47 of band) | |
| ROA (annualized) | 0.03% (p7 of band) | 1.17% |
| Net interest margin | 3.74% (p39 of band) | 3.93% |
| Efficiency ratio | 98.18% (p94 of band) | |
| Noncurrent loans | 1.91% (p84 of band) | 0.36% |
| Net charge-offs (annualized) | 0.03% (p76 of band) | |
| Reserve coverage of noncurrent | 58.51% | |
| Real estate % of loans | 81% | |
| Construction % of loans | 24.73% (p59 of band) | |
| Auto loans | $6.6M (6.87% of loans; DQ 3.91%, NCO 0.01%) | |
| Loans to nondepository financials | $0 (0% of equity) (p48 of band) | |
| Deposits YoY | 7.7% | |
| Employees | 24 | |

## Flags firing in the latest filing

- **brokered >10%** (`liq_brokered`)
- **wholesale funding >15%** (`liq_wholesale`)
- **expense ratio p90** (`earn_efficiency`)
- **reserve under noncurrent** (`aq_reserve`)

## 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 | 1 |  |  |
| 2012-06 | 1 |  |  |
| 2012-09 | 2 | uninsured deposits leaving |  |
| 2012-12 | 1 |  | uninsured deposits leaving |
| 2013-03 | 0 |  | reserve under noncurrent |
| 2013-06 | 1 | reserve under noncurrent |  |
| 2013-09 | 1 |  |  |
| 2013-12 | 0 |  | reserve under noncurrent |
| 2014-03 | 1 | uninsured deposits leaving |  |
| 2014-06 | 1 | capital falling | uninsured deposits leaving |
| 2014-09 | 1 | reserve under noncurrent | capital falling |
| 2014-12 | 2 | uninsured deposits leaving |  |
| 2015-03 | 3 | deposits shrinking, assets shrinking | uninsured deposits leaving |
| 2015-06 | 2 | uninsured deposits leaving | deposits shrinking, assets shrinking |
| 2015-09 | 2 |  |  |
| 2015-12 | 1 |  | uninsured deposits leaving |
| 2016-03 | 2 | noncurrent p90 |  |
| 2016-06 | 0 |  | reserve under noncurrent, noncurrent p90 |
| 2016-09 | 0 |  |  |
| 2016-12 | 1 | uninsured deposits leaving |  |
| 2017-03 | 0 |  | uninsured deposits leaving |
| 2017-06 | 0 |  |  |
| 2017-09 | 0 |  |  |
| 2017-12 | 0 |  |  |
| 2018-03 | 1 | charge-offs p90 |  |
| 2018-06 | 0 |  | charge-offs p90 |
| 2018-09 | 0 |  |  |
| 2018-12 | 1 | charge-offs p90 |  |
| 2019-03 | 1 | capital falling | charge-offs p90 |
| 2019-06 | 1 |  |  |
| 2019-09 | 1 |  |  |
| 2019-12 | 1 |  |  |
| 2020-03 | 1 |  |  |
| 2020-06 | 1 |  |  |
| 2020-09 | 1 |  |  |
| 2020-12 | 0 |  | capital falling |
| 2021-03 | 1 | charge-offs p90 |  |
| 2021-06 | 4 | capital falling, noncurrent p90, reserve under noncurrent |  |
| 2021-09 | 2 |  | capital falling, noncurrent p90 |
| 2021-12 | 1 |  | reserve under noncurrent |
| 2022-03 | 2 | capital falling |  |
| 2022-06 | 2 | AOCI drag >20% of equity | capital falling |
| 2022-09 | 2 |  |  |
| 2022-12 | 2 |  |  |
| 2023-03 | 1 | capital falling | charge-offs p90, AOCI drag >20% of equity |
| 2023-06 | 0 |  | capital falling |
| 2023-09 | 1 | reserve under noncurrent |  |
| 2023-12 | 0 |  | reserve under noncurrent |
| 2024-03 | 1 | charge-offs p90 |  |
| 2024-06 | 2 | reserve under noncurrent |  |
| 2024-09 | 2 |  |  |
| 2024-12 | 2 | capital falling | charge-offs p90 |
| 2025-03 | 3 | charge-offs p90 |  |
| 2025-06 | 3 |  |  |
| 2025-09 | 1 |  | reserve under noncurrent, capital falling |
| 2025-12 | 3 | brokered >10%, wholesale funding >15% |  |
| 2026-03 | 3 | expense ratio p90 | charge-offs p90 |
| 2026-06 | 4 | reserve under noncurrent |  |

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

- 2023-08-18 [First Sandoval Bancorp Inc. rebrands as Midwest National Bank; expands in Aviston - Illinois Business Journal](https://news.google.com/rss/articles/CBMiuAFBVV95cUxQUXM3MGVHWDVDdmd5MVlZX0NMTV8wMjhTYmlDTE5OdnRSeUZ3Sk5BaVFlVnQ1ZzRMZzJxMk8tS09BRC1Kc29Xc0FJOWxDNmcxRHBCUUgxZ3dKMTZCR2VTd2NpcU1OQVAyTE9WbVk0Vk5VWGRHLUpCZFZMcUw1V09lcVJCOFRLa1E1bVpGRUZaSDljSXI5U1daVmh6dmw4bnJjSFpKM2wtV3BETC1RWHlyTG1peTBXOFc2?oc=5) · Illinois Business Journal
- 2023-08-09 [Sandoval Bank gets new name - southernillinoisnow.com](https://news.google.com/rss/articles/CBMiX0FVX3lxTFBGM2JIeGo3eV80UEVaZzhZdk1YLVNFenJBNFdHWHpaR1lEN0Yyc3l5d2FQdVRPUVEwRDBsX2xNN0RjYkxVQkVLUG5CaU1veVVzMUd1UW14V0t1WllXSDRr?oc=5) · southernillinoisnow.com
- 2025-12-20 [Beverly Leah Hartman Obituary Dec 20, 2025 - Esterdahl Mortuary and Crematory](https://news.google.com/rss/articles/CBMiYkFVX3lxTE9kNG9hQ05hTlNmb1YxN0hFVFNVMzRkT1kwdU9qQlc5OUdQUzRZT1ZlSUs4SWtibE8wMkZjVmNNWkMtYnhJOEhXeDFwaDVWQjBjSmE1aDdONVBvbDRtS0plMnhR?oc=5) · Esterdahl Mortuary and Crematory
- 2023-07-07 [Andrew "Bo" Foster to receive dedicated historical marker - Indianapolis Recorder](https://news.google.com/rss/articles/CBMid0FVX3lxTE1qT1p3eXRqMGJCRjhxVk9Td0s4Ty05bjNNZGt2TWpvN3N4UGFMRnVxdEJyVjlSNFdMMVhubWJoMEk3ZXZZNDN1TldITVlsaFlrWjk1emRFRlpOc3hfQnk0aDJCU3lhR2RNbU44ZDF3VXQ4dlY4YjVv?oc=5) · Indianapolis Recorder
- 2025-06-12 [Golf scramble raises money for Shop with a Cop program - morningsentinel.com](https://news.google.com/rss/articles/CBMirgFBVV95cUxQNFdta2xEamRRWk9vMXpHbVNmNHJIZjM4YlJMTzk3Y0o5Z2ZyZlNNc0ZGSWd6ZUpxUFF5RUVMOXM3eHdVYS1LcC1VMDhkcHBwLWhBM25xazJLTVJzdnhEYkFUQVFzcU92dTF1TXJtZjJTVHRGS2NJMXBrZVUwa1E0akgzMzdRZkxGajAyM3V5NUhzVEFhNUd4VVYyQWNMejRKUEJHRGVMOHkteDlCaHc?oc=5) · morningsentinel.com
- 2001-11-09 [William R. Wandrey Sr. Obituary Nov 9, 2001 - trimblefuneralhomes.com](https://news.google.com/rss/articles/CBMidkFVX3lxTFBQN3BsRDduWjNvcV9aWWZQS0pkaWRzVDQ5UEpTMEttRWhuV29kZS0wTHV3NlV3Tm5rREo4UG03Y1dkaWp6cll1U0dVMWdCMlFBR3JFRWVuRU9VZzVTN2kzS3paMm80VjZiUGdja2hqQ0RIMk01YVE?oc=5) · trimblefuneralhomes.com
- 2024-01-02 [Poettker Construction achieves ‘tremendous’ growth in 2023 - Illinois Business Journal](https://news.google.com/rss/articles/CBMimgFBVV95cUxOODdMQkxKbEVrSFdJRFlZT0lHQXpSbDZnVTJ1OENaVE9iOE1mSUk1ajhLc0VfdHV5ZndYMElzSGJwakEzeVh4bXpkeFZja1VzNWlVT0s3VUoxS0E5aWl3SmVEd3ctX1BHXzB3NkJrd3BjRVlfYm1VSXlPbnhhZi0wY1dYNVp2Y1lSX2dkMFVneVNpSlBNSUZkRl9R?oc=5) · Illinois Business Journal
- 2021-09-17 [W.T. Ray helped open suburbs to Blacks - Indianapolis Recorder](https://news.google.com/rss/articles/CBMie0FVX3lxTE0wR29BMG9od3ZCUXljeWVYcVVRNXJKNWlOUWhmSmJGa3pUOVNiYnR6aW95Vm5WSmZoRDA3UWJCRE5Dd2xUZk9QeHhPM1lJcW9XTjJXQjdZTVFDNzFYWUx5VmVBanNMRjZKUlJiUFNENkx1XzFkRkNhZUVTQQ?oc=5) · Indianapolis Recorder

## How to verify

- Page: https://getbookiq.com/bank-desk/#bank=3834 (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/58.json (key "3834", 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