# WESTERN NATIONAL BANK
DULUTH, MN · FDIC certificate 5131 · asset band <$300M · latest filing 2026-06 · live

**Verdict on the desk:** this could be *ordinary*. Composite score 2 (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 | $135.8M | |
| Deposits | $108.8M | |
| Loans and leases | $93.7M | |
| Total equity | $14.3M | |
| Loans / deposits | 85.35% (p71 of band) | 73.59% |
| Liquid assets / assets | 20.71% (p24 of band) | |
| Uninsured deposits / deposits | 28.45% (p78 of band) | 19.81% |
| Brokered deposits | 0.00% | |
| Wholesale funding | 8.10% (p81 of band) | |
| FHLB advances / assets | 8.10% | |
| Tier 1 leverage | 8.52% (p7 of band) | 11.76% |
| Unrealized securities loss / equity | -0.53% (p82 of band) | -6.57% |
| AOCI / equity | -0.52% (p44 of band) | |
| ROA (annualized) | 0.14% (p8 of band) | 1.17% |
| Net interest margin | 4.02% (p56 of band) | 3.93% |
| Efficiency ratio | 92.94% (p92 of band) | |
| Noncurrent loans | 0.00% (p12 of band) | 0.36% |
| Net charge-offs (annualized) | 0.03% (p74 of band) | |
| Reserve coverage of noncurrent | – | |
| Real estate % of loans | 90% | |
| Construction % of loans | 14.43% (p46 of band) | |
| Auto loans | $501,000 (0.53% of loans; DQ 0.00%, NCO 0.00%) | |
| Loans to nondepository financials | $0 (0% of equity) (p48 of band) | |
| Deposits YoY | 5.0% | |
| Employees | 35 | |

## Flags firing in the latest filing

- **capital falling** (`cap_falling`)
- **expense ratio p90** (`earn_efficiency`)

## Warning timeline

| Quarter | Score | Flags that first fired | Flags that cleared |
|---|---|---|---|
| 2011-03 | 2 | brokered >10%, wholesale funding >15% |  |
| 2011-06 | 2 |  |  |
| 2011-09 | 3 | capital falling |  |
| 2011-12 | 3 |  |  |
| 2012-03 | 2 |  | capital falling |
| 2012-06 | 3 | assets shrinking |  |
| 2012-09 | 3 | uninsured deposits leaving | assets shrinking |
| 2012-12 | 3 | capital falling | uninsured deposits leaving |
| 2013-03 | 2 |  | capital falling |
| 2013-06 | 2 |  |  |
| 2013-09 | 2 |  |  |
| 2013-12 | 5 | reserve under noncurrent, deposits shrinking, assets shrinking |  |
| 2014-03 | 5 | charge-offs p90 | reserve under noncurrent |
| 2014-06 | 5 |  |  |
| 2014-09 | 4 |  | charge-offs p90 |
| 2014-12 | 2 |  | deposits shrinking, assets shrinking |
| 2015-03 | 2 |  |  |
| 2015-06 | 3 | capital falling |  |
| 2015-09 | 3 |  |  |
| 2015-12 | 4 | reserve under noncurrent |  |
| 2016-03 | 4 | charge-offs p90 | capital falling |
| 2016-06 | 3 |  | charge-offs p90 |
| 2016-09 | 3 |  |  |
| 2016-12 | 5 | deposits shrinking, assets shrinking |  |
| 2017-03 | 3 |  | deposits shrinking, assets shrinking |
| 2017-06 | 3 |  |  |
| 2017-09 | 4 | deposits shrinking |  |
| 2017-12 | 2 |  | reserve under noncurrent, deposits shrinking |
| 2018-03 | 6 | reserve under noncurrent, deposits shrinking, assets shrinking, uninsured deposits leaving |  |
| 2018-06 | 5 |  | uninsured deposits leaving |
| 2018-09 | 3 |  | deposits shrinking, assets shrinking |
| 2018-12 | 3 |  |  |
| 2019-03 | 3 |  |  |
| 2019-06 | 3 | charge-offs p90 | wholesale funding >15% |
| 2019-09 | 5 | wholesale funding >15%, deposits shrinking |  |
| 2019-12 | 6 | uninsured deposits leaving |  |
| 2020-03 | 5 | capital falling | charge-offs p90, uninsured deposits leaving |
| 2020-06 | 4 |  | deposits shrinking |
| 2020-09 | 2 |  | brokered >10%, wholesale funding >15% |
| 2020-12 | 0 |  | reserve under noncurrent, capital falling |
| 2021-03 | 0 |  |  |
| 2021-06 | 2 | brokered >10%, capital falling |  |
| 2021-09 | 2 | uninsured deposits leaving | brokered >10% |
| 2021-12 | 0 |  | capital falling, uninsured deposits leaving |
| 2022-03 | 2 | deposits shrinking, assets shrinking |  |
| 2022-06 | 4 | expense ratio p90, charge-offs p90 |  |
| 2022-09 | 2 | capital falling | deposits shrinking, assets shrinking, charge-offs p90 |
| 2022-12 | 1 |  | capital falling |
| 2023-03 | 1 | uninsured deposits leaving | expense ratio p90 |
| 2023-06 | 0 |  | uninsured deposits leaving |
| 2023-09 | 3 | deposits shrinking, assets shrinking, uninsured deposits leaving |  |
| 2023-12 | 0 |  | deposits shrinking, assets shrinking, uninsured deposits leaving |
| 2024-03 | 1 | capital falling |  |
| 2024-06 | 3 | losing money, expense ratio p90 |  |
| 2024-09 | 1 |  | losing money, expense ratio p90 |
| 2024-12 | 1 | deposits shrinking | capital falling |
| 2025-03 | 2 | charge-offs p90 |  |
| 2025-06 | 0 |  | deposits shrinking, charge-offs p90 |
| 2025-09 | 0 |  |  |
| 2025-12 | 1 | capital falling |  |
| 2026-03 | 3 | losing money, expense ratio p90 |  |
| 2026-06 | 2 |  | losing money |

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

- 2026-04-08 [Lattery joins Western National Bank as executive v.p. - BusinessNorth](https://news.google.com/rss/articles/CBMi2wFBVV95cUxOcWcycmNRX01kbDBGc202RHBzX3RDYUkwRXhhaVg5Z3hEMjNaUWJzdkNlMjRzLVRyMk9SaldIclhVV1pRY01BYVZ4OVl0M1lKZkFkQnFYNF9WYmtKWHNoYWc4UEI3bUZGUzdaQTFSTlpfemtEWVJ6cTV5U0g0b1FRTG1lOFI2VEx3Uk1BRTBjTktvU0pGMHEwMXU5ZTc5MER4andsRnlac3MxUzdWX2lTUzBOMjBLMGg1TnlkeXZSN1o4RUlEVnI4V0ZtMTVqWlR1MFNGYmNuYTFDTG8?oc=5) · BusinessNorth
- 2026-02-18 [List Of Failed Banks: 2009-2026 - Bankrate](https://news.google.com/rss/articles/CBMiZEFVX3lxTFAtbi1TaWMteGEyOHdQbnlXd0tPRzM2WFJQZjdPdzViQTZFLVVHODJRTEdqRWhnMkxIOG5xMUVSWU5iNHZSbVpnQ2Z4TWdiMDVwN2NTdUNGd3dXZ2tGcGZ2VWVJRnM?oc=5) · Bankrate
- 2016-01-21 [John “Nuge” Nugent Obituary Jan 21, 2016 - Ballard-Sunder Funeral & Cremation](https://news.google.com/rss/articles/CBMia0FVX3lxTE9SZmM5R01neGdPTEJLekxua091cDl6dWJkdENHcUgxbUM3X3hWNTBCMHIyOGphTFU2U3NwREFxWHlCRlByYzRXU2JhYnktcTBpN0JkZVZJVGpSbVoxdHNuZmFlcDV6OVpGWS1r?oc=5) · Ballard-Sunder Funeral &amp; Cremation
- 2022-03-21 [Robert C. Sharkey - Duluth News Tribune](https://news.google.com/rss/articles/CBMiuAFBVV95cUxPVE5ZRU95c1M0TzN5Z0RYM250NXFkOTFxWF83RklfNE1hRjRmRllFdnEyQmwySGtDaTBkUVVrNXFZMGZia1lMWUJPVkJDSFdwNW1HYTVqckpMTFFwM1liSkpZblJVVmhkNGVnZFlabXVVc2NGeXc0WVN0SGM1NDgyeHNhS1p2c3pyV1gxYUM3VjRaNlg4enBSMS1vVFJsZVF6TlNqZlN5Y3NvbGozekR1LVhtaENXd0py?oc=5) · Duluth News Tribune
- 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
- 2003-04-01 [Stagecoach continues to roll across Wells Fargo's 150-year-history - Sioux City Journal](https://news.google.com/rss/articles/CBMiogFBVV95cUxPQ3FaMW1hTVU4Wmw4bWQ1VzhoNHZNUTU3bkpGVWNpWnQ0ZTI4ZGtYTHRjUlBUdVZQMG5FREtiS2QtUVNZZmVRQ2ZwRmdzRTNMWjNWNkd2cUZlSjZ5cFRhOGVWaDEwUHB2Zi0wc2lsQkd3aV91UXBsd2ZPYmw1Mk1yUVpYd0tNQ0RJR0RKWWRiano0bHhoR3Y3Wk5RRHJCRXVpSlE?oc=5) · Sioux City Journal
- 2022-10-30 [Willard Maynard Obituary - Goodyear, AZ - Dignity Memorial](https://news.google.com/rss/articles/CBMihgFBVV95cUxQdWxoUVJtRkF0WFNvcV9FMUtZOF9yVEZ4dHFxOHJJQmluNjVKNVBWYUVMUVlTZFNZdW5xZVY1UEFjMVhMeXlvcnlDampCcDBoeGp4MWJXa2FMa2hhaDFIc0tVck5oRmNyVEdTbjNyV2pQRnFYa0lqVFh1aU9CcmhSU0sxeWJoZw?oc=5) · Dignity Memorial
- 2023-01-21 [Jacqueline Johanna Rukavina - legacy.com](https://news.google.com/rss/articles/CBMiigFBVV95cUxNc04yNGRoMlRsY3VtN0VkaE5VekdyakNkRzBUMlh5aDlzYXY1cUowVkpadEV5V0Z4SmRVQkJmd18taTRQa1BTS2VsYjRibFk4bHk2ZFdMa2U0enU2VUdBRTY3LUxOZG9JUTFRT3I0Q3IySmQ2bFVfaFNWZ0I4dW1VczZNTmJMaVl0RFE?oc=5) · legacy.com

## How to verify

- Page: https://getbookiq.com/bank-desk/#bank=5131 (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/11.json (key "5131", 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