# FIRST NATIONAL BANK
CHISHOLM, MN · FDIC certificate 5113 · asset band <$300M · latest filing 2025-09 · stopped filing (departed)

**Verdict on the desk:** this could be *credit-stressed*. 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 | $79.0M | |
| Deposits | $71.8M | |
| Loans and leases | $30.7M | |
| Total equity | $7.0M | |
| Loans / deposits | 42.21% (p13 of band) | 72.79% |
| Liquid assets / assets | 58.82% (p87 of band) | |
| Uninsured deposits / deposits | 19.84% (p52 of band) | 19.24% |
| Brokered deposits | 0.00% | |
| Wholesale funding | 0.18% (p45 of band) | |
| FHLB advances / assets | 0.00% | |
| Tier 1 leverage | 9.88% (p24 of band) | 11.81% |
| Unrealized securities loss / equity | -12.24% (p36 of band) | -7.16% |
| AOCI / equity | 3.86% (p53 of band) | |
| ROA (annualized) | 0.28% (p14 of band) | 1.07% |
| Net interest margin | 3.87% (p53 of band) | 3.81% |
| Efficiency ratio | 76.57% (p72 of band) | |
| Noncurrent loans | 3.75% (p95 of band) | 0.35% |
| Net charge-offs (annualized) | 0.58% (p97 of band) | |
| Reserve coverage of noncurrent | 37.64% | |
| Real estate % of loans | 66% | |
| Construction % of loans | 2.41% (p23 of band) | |
| Auto loans | $906,000 (2.95% of loans; DQ 0.00%, NCO 0.00%) | |
| Loans to nondepository financials | $0 (0% of equity) (p48 of band) | |
| Deposits YoY | -1.1% | |
| Employees | 16 | |

## Flags firing in the latest filing

- **noncurrent p90** (`aq_noncurrent`)
- **charge-offs p90** (`aq_nco`)
- **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 | 2 | uninsured deposits leaving |  |
| 2012-06 | 0 |  | reserve under noncurrent, uninsured deposits leaving |
| 2012-09 | 1 | capital falling |  |
| 2012-12 | 1 |  |  |
| 2013-03 | 1 |  |  |
| 2013-06 | 2 | wholesale funding >15%, AOCI drag >20% of equity | capital falling |
| 2013-09 | 1 |  | wholesale funding >15% |
| 2013-12 | 1 |  |  |
| 2014-03 | 0 |  | AOCI drag >20% of equity |
| 2014-06 | 0 |  |  |
| 2014-09 | 0 |  |  |
| 2014-12 | 2 | capital falling, uninsured deposits leaving |  |
| 2015-03 | 1 |  | uninsured deposits leaving |
| 2015-06 | 1 | NIM <2.5% | capital falling |
| 2015-09 | 1 |  |  |
| 2015-12 | 2 | expense ratio p90 |  |
| 2016-03 | 2 | capital falling | NIM <2.5% |
| 2016-06 | 2 | NIM <2.5% | capital falling |
| 2016-09 | 2 |  |  |
| 2016-12 | 2 |  |  |
| 2017-03 | 6 | losing money, noncurrent p90, reserve under noncurrent, assets shrinking |  |
| 2017-06 | 6 |  |  |
| 2017-09 | 6 |  |  |
| 2017-12 | 6 | capital falling | assets shrinking |
| 2018-03 | 3 | charge-offs p90 | NIM <2.5%, losing money, noncurrent p90, capital falling |
| 2018-06 | 2 |  | charge-offs p90 |
| 2018-09 | 3 | assets shrinking |  |
| 2018-12 | 3 |  |  |
| 2019-03 | 2 |  | reserve under noncurrent |
| 2019-06 | 3 | capital falling, reserve under noncurrent | assets shrinking |
| 2019-09 | 3 |  |  |
| 2019-12 | 2 |  | reserve under noncurrent |
| 2020-03 | 1 |  | capital falling |
| 2020-06 | 0 |  | expense ratio p90 |
| 2020-09 | 1 | capital falling |  |
| 2020-12 | 1 |  |  |
| 2021-03 | 1 | charge-offs p90 | capital falling |
| 2021-06 | 1 |  |  |
| 2021-09 | 0 |  | charge-offs p90 |
| 2021-12 | 0 |  |  |
| 2022-03 | 2 | capital falling, charge-offs p90 |  |
| 2022-06 | 3 | AOCI drag >20% of equity, reserve under noncurrent | capital falling |
| 2022-09 | 4 | securities losses >30% of equity |  |
| 2022-12 | 2 |  | reserve under noncurrent, securities losses >30% of equity |
| 2023-03 | 2 | reserve under noncurrent | AOCI drag >20% of equity |
| 2023-06 | 4 | deposits shrinking, uninsured deposits leaving |  |
| 2023-09 | 5 | securities losses >30% of equity, assets shrinking | uninsured deposits leaving |
| 2023-12 | 3 |  | reserve under noncurrent, securities losses >30% of equity |
| 2024-03 | 4 | reserve under noncurrent |  |
| 2024-06 | 4 |  |  |
| 2024-09 | 4 | capital falling, noncurrent p90 | deposits shrinking, assets shrinking |
| 2024-12 | 4 |  |  |
| 2025-03 | 4 | uninsured deposits leaving | capital falling |
| 2025-06 | 3 |  | uninsured deposits leaving |
| 2025-09 | 3 |  |  |

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

- 2026-08-06 [Downtown St. Paul's skyline once again has a fully lit First National Bank sign - MPR News](https://news.google.com/rss/articles/CBMiuwFBVV95cUxQOUlsS19neXZVN3lhbUFKZDJmSGdDTkg1Y2ZSYmpWMUF6c0UtNnBlVk5yRUdvNS1LUjVBZFhKdy1XOHVieTZHTXE2ejB2NGh0RURtSmhVWlhRRmZrT1hvQTVKeG5manhCb2haYmpnMkctd3lmRDFCajVLSVpuY0NGWmtjaXNOUmdRc1BVamVUZnVSWVZDdEE4Tnd2TnlNdTlYUGdqM0QzS21SZDV5aFk4UExMLU1raFRCMEVV?oc=5) · MPR News
- 2026-03-09 [First National Bank to Acquire First State Bank of Fountain and Root River State Bank - Fillmore County Journal](https://news.google.com/rss/articles/CBMivAFBVV95cUxPWEJfbFhOemgyV1FNU25XUk9VbDNVWEM2WkN0Z016c1lXLU1kN1kxVTJiUkVWUXR1UW5IRk1rWmJLa29aOG9FeWdoZUloNlNJNEh0UEUzX2pDS19CaEM0Vzd1VFVXbWxfbWh0N2ZNWFVjVjV3RjlucDNJR0w3RGJmZXowem1URE03YU5WNVBYSTZwYXltNnhOeUhUNDZoeWo3Ml9JU1lqcy1NQ0o3Sk45QmRNdTI1WW1TY0RrRw?oc=5) · Fillmore County Journal
- 2026-08-06 [First National Bank Building relights iconic sign - kare11.com](https://news.google.com/rss/articles/CBMizwFBVV95cUxQZjFQRldWUEhOOHFBcUo0ZjFpWmpzM2ZVZ05tcThySTFtNlduOUtTTHRFNHF0MFdIbklUX3JsWDBBRnZxSkV6NGZSWmNmVmpuOVVWQlY4ejgycTRVRVJRYmNNelZTUktjSVVGRGwxaWpEeHBXWHR2djQ3N0hwZlotNDJkai1LcVFxb0x2MDFnSWx0UWxPbHRlOGpicmZ4WjB1cFc4R2J0YXZQTVF1LW02OEdPZGQxa0ZtOUJGY1pJNUVpSkJTcm5LQ25kcjlBUmc?oc=5) · kare11.com
- 2026-01-14 [Peters promoted to First National Bank Minnesota President - southernminn.com](https://news.google.com/rss/articles/CBMi5gFBVV95cUxOMFhFajQ3TlRhNFF0Q0lmNHBMajlpcS1VUHpRbndEWm05MDRwV1NYdW4xbFBuMUtjQ3lqeDdESW95dV9pNXpVc1c3bENTNFNZRDhNdFg2dGZHVlVYTkVUQVF1ZDdaQVB3b3dYbDhxN19sQWpFbmx2LXd3NHFhbTQyUlpqODhIZDQzbHdCTG9rXzdpTUUxX01kVkpNekFuWHpLTmdEZkdzVlNRMDAybkdLOUFsOTNFclpfRU9SbXdzQUNFOXp3U09SZ3QwZmdwS1lTTkQtaFlZRzFNQUZFaTByaklUNnhLZw?oc=5) · southernminn.com
- 2026-05-15 [Florida investor Jamie Rand buys St. Paul’s First National Bank building - Pioneer Press](https://news.google.com/rss/articles/CBMirgFBVV95cUxNRW9YQkoxQjVTT2F1V0Z6akVjbnV0SV8yTWZZLWM5cnU2dllGNUh1M3dfc3h1RXVJQkMwRWx0dzZoMnJiUVNJeDRQNVIyUmVkVnhvRlpPQzJsZlMwdThJYnYtRUdpakQ1YkliazQyeWtiMENDUG02NnMwd2ZObnhZU3M0UzdwbE96Q19mSE91c1ZDUmpQYnFLUTJyeXJjTWF6RzA1cWVDd0lXalM3QUE?oc=5) · Pioneer Press
- 2026-02-18 [List Of Failed Banks: 2009-2026 - Bankrate](https://news.google.com/rss/articles/CBMiZEFVX3lxTFAtbi1TaWMteGEyOHdQbnlXd0tPRzM2WFJQZjdPdzViQTZFLVVHODJRTEdqRWhnMkxIOG5xMUVSWU5iNHZSbVpnQ2Z4TWdiMDVwN2NTdUNGd3dXZ2tGcGZ2VWVJRnM?oc=5) · Bankrate
- 2026-05-15 [Florida investor with grand plans buys St. Paul’s historic First National Bank Building for a steep discount - startribune.com](https://news.google.com/rss/articles/CBMi3AFBVV95cUxNMDNWaXNXZURoRVp2anJualJZRDlyb0QzSlk1NkI1VVdlX05LUFVvb3VhTzRSbjZjeC1hTWtRYzkwcGNubkM3eE8xQVNzVHNLRWcyVEpJc0EzLXAyWDBpTHYtMDRUb3cwZEg3Wk5xY2p0UzE0UHZXR0NWUThvR1JlZ2VhRGw5M08zOWNxcDRlRFEtd0NJT2hyMzBkc2dlaXlzX2NObXo0ZU1PRzBGT1FLZXpJWkhzODZxbHBrVnh0TmlETXhEMlNWNmdwbGdYLVlRNjdKZXEyRjZQS1NN?oc=5) · startribune.com
- 2026-05-15 [St. Paul's First National Bank Building sells at steep discount to Downtown Revival Trust - The Business Journals](https://news.google.com/rss/articles/CBMiqAFBVV95cUxNbUVIX2t5V2xZWmYtTUhFcEEyX3lkNmpwVVBONnBzUVZmdlg5QVhZSkZQcF83RzRCZ0VtZnloNkVrZFNIWEdsYlo2X3VWTzF0X3hlS05DLVFWWjNJeW4xUHRHb1M2TjJTR1BoUnhZUXZYVnplNkV2OHd0TXFKRHA2NHJIODQ0NUhLNDNaM2doOHNQNVpPaHg5SGlVOHpILVhpTzhBdnUxcWQ?oc=5) · The Business Journals

## How to verify

- Page: https://getbookiq.com/bank-desk/#bank=5113 (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/57.json (key "5113", 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