# FIRST BANK ELK RIVER
ELK RIVER, MN · FDIC certificate 5136 · asset band $300M-1B · latest filing 2026-06 · live

**Verdict on the desk:** this could be *run candidate*. 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 | $369.2M | |
| Deposits | $269.9M | |
| Loans and leases | $274.8M | |
| Total equity | $31.2M | |
| Loans / deposits | 100.83% (p90 of band) | 82.04% |
| Liquid assets / assets | 18.16% (p25 of band) | |
| Uninsured deposits / deposits | 18.51% (p23 of band) | 25.97% |
| Brokered deposits | 5.53% | |
| Wholesale funding | 22.02% (p95 of band) | |
| FHLB advances / assets | 10.89% | |
| Tier 1 leverage | 10.68% (p48 of band) | 10.81% |
| Unrealized securities loss / equity | -37.84% (p8 of band) | -8.10% |
| AOCI / equity | -0.62% (p36 of band) | |
| ROA (annualized) | 0.57% (p13 of band) | 1.28% |
| Net interest margin | 3.53% (p29 of band) | 3.91% |
| Efficiency ratio | 78.49% (p87 of band) | |
| Noncurrent loans | 0.53% (p55 of band) | 0.43% |
| Net charge-offs (annualized) | 0.00% (p18 of band) | |
| Reserve coverage of noncurrent | 179.38% | |
| Real estate % of loans | 82% | |
| Construction % of loans | 37.18% (p44 of band) | |
| Auto loans | $1.3M (0.47% of loans; DQ 0.00%, NCO 0.00%) | |
| Loans to nondepository financials | $0 (0% of equity) (p45 of band) | |
| Deposits YoY | -1.0% | |
| Employees | 44 | |

## Flags firing in the latest filing

- **loans exceed deposits** (`liq_ltd`)
- **wholesale funding >15%** (`liq_wholesale`)
- **securities losses >30% of equity** (`cap_secloss`)

## Warning timeline

| Quarter | Score | Flags that first fired | Flags that cleared |
|---|---|---|---|
| 2011-03 | 5 | wholesale funding >15%, losing money, expense ratio p90, charge-offs p90, reserve under noncurrent |  |
| 2011-06 | 4 |  | charge-offs p90 |
| 2011-09 | 5 | noncurrent p90 |  |
| 2011-12 | 3 |  | wholesale funding >15%, noncurrent p90 |
| 2012-03 | 5 | NIM <2.5%, noncurrent p90, uninsured deposits leaving | losing money |
| 2012-06 | 4 | wholesale funding >15% | NIM <2.5%, noncurrent p90 |
| 2012-09 | 6 | NIM <2.5%, deposits shrinking, assets shrinking | expense ratio p90 |
| 2012-12 | 7 | expense ratio p90 |  |
| 2013-03 | 7 | losing money | uninsured deposits leaving |
| 2013-06 | 7 | AOCI drag >20% of equity | NIM <2.5% |
| 2013-09 | 5 | brokered >10%, capital falling | deposits shrinking, assets shrinking, expense ratio p90, losing money |
| 2013-12 | 7 | securities losses >30% of equity, expense ratio p90 |  |
| 2014-03 | 3 |  | AOCI drag >20% of equity, capital falling, securities losses >30% of equity, expense ratio p90 |
| 2014-06 | 3 |  |  |
| 2014-09 | 5 | capital falling, uninsured deposits leaving |  |
| 2014-12 | 4 |  | capital falling |
| 2015-03 | 4 | expense ratio p90, deposits shrinking | reserve under noncurrent, uninsured deposits leaving |
| 2015-06 | 2 |  | expense ratio p90, deposits shrinking |
| 2015-09 | 3 | deposits shrinking, assets shrinking | brokered >10% |
| 2015-12 | 3 |  |  |
| 2016-03 | 3 |  |  |
| 2016-06 | 4 | charge-offs p90 |  |
| 2016-09 | 2 |  | assets shrinking, charge-offs p90 |
| 2016-12 | 1 |  | deposits shrinking |
| 2017-03 | 1 |  |  |
| 2017-06 | 1 |  |  |
| 2017-09 | 1 |  |  |
| 2017-12 | 1 |  |  |
| 2018-03 | 2 | expense ratio p90 |  |
| 2018-06 | 2 |  |  |
| 2018-09 | 1 |  | expense ratio p90 |
| 2018-12 | 2 | uninsured deposits leaving |  |
| 2019-03 | 0 |  | wholesale funding >15%, uninsured deposits leaving |
| 2019-06 | 1 | wholesale funding >15% |  |
| 2019-09 | 0 |  | wholesale funding >15% |
| 2019-12 | 1 | wholesale funding >15% |  |
| 2020-03 | 1 |  |  |
| 2020-06 | 2 | expense ratio p90 |  |
| 2020-09 | 3 | capital falling |  |
| 2020-12 | 2 |  | expense ratio p90 |
| 2021-03 | 1 |  | wholesale funding >15% |
| 2021-06 | 1 | wholesale funding >15% | capital falling |
| 2021-09 | 3 | noncurrent p90, reserve under noncurrent |  |
| 2021-12 | 3 |  |  |
| 2022-03 | 1 | AOCI drag >20% of equity | wholesale funding >15%, noncurrent p90, reserve under noncurrent |
| 2022-06 | 2 | securities losses >30% of equity |  |
| 2022-09 | 2 |  |  |
| 2022-12 | 3 | assets shrinking |  |
| 2023-03 | 3 | deposits shrinking | AOCI drag >20% of equity |
| 2023-06 | 4 | wholesale funding >15%, uninsured deposits leaving | assets shrinking |
| 2023-09 | 6 | AOCI drag >20% of equity, assets shrinking |  |
| 2023-12 | 4 |  | AOCI drag >20% of equity, assets shrinking |
| 2024-03 | 3 |  | deposits shrinking |
| 2024-06 | 3 | capital falling | uninsured deposits leaving |
| 2024-09 | 2 |  | capital falling |
| 2024-12 | 2 |  |  |
| 2025-03 | 2 |  |  |
| 2025-06 | 2 |  |  |
| 2025-09 | 2 |  |  |
| 2025-12 | 4 | deposits shrinking, uninsured deposits leaving |  |
| 2026-03 | 4 |  |  |
| 2026-06 | 3 | loans exceed deposits | deposits shrinking, uninsured deposits leaving |

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

- 2026-06-21 [Friendly rivals with deep roots | Elk River Star News - hometownsource.com](https://news.google.com/rss/articles/CBMizAFBVV95cUxNdXkwRWNvR0NYeWh3ZnN1cXloTTl3bzE1N1kwNUxaU0pDNk8wdGwxcHJ4MmZHV2VTalZNVVR1c3RmcWVSOFpyYllURzdaa1JOWF9VS21sbERFcWhqVTZTYVBHNXZmZFo2UXVPN1M2MmNVREFEUS1XWmFqWU1ESXZmem1ZRUNYSHNLQ2VQSl90eWkwaHlpVVJ2Y1hzMkYyNG5tVDRmaU9GZHZfNE9idDNHYlRhUHo0bElVemgxN3NnMUt1bmx6ci05LVJLWkI?oc=5) · hometownsource.com
- 2026-06-12 [Elk River Farmers Market gets off to rainy start in temporary location - hometownsource.com](https://news.google.com/rss/articles/CBMigAJBVV95cUxQWXhMZHFwRi1EWGxRUVNCNnUyTjVwSmpQNk1ibEx3d0dKOWlJWDZnZllTbzZveUZhVXU0aE1XTF9WZ25Nd2xpSW96OFl0X202XzlabDRhOTFrQ01DX3g5NGgwSlZUOUEtRUxkcXZNY2J4WmRCRUZYMGZlM2xrRWYxd1NGejR6ZG5ua3pqcUhqZ3VPVk43RkdpcXU4UnJsU2xBTTZSd3lTVUJXV3J1ZmxxYW1mbUthNkdLZVJsUWFtY1c0bkc2OHNJNDZETGRpaGszTGUycUQtLUFwUmVlal84eXpKZWU3MzN4aTJZeS00VFp3dDUxOG9VbElHbmxKUEF2?oc=5) · hometownsource.com
- 2025-08-04 [Chilling by the lake | Elk River Star News - hometownsource.com](https://news.google.com/rss/articles/CBMivgFBVV95cUxPSVprQzY3alhJOTJadVpmTU1hSTJuRm9sQ3Q3NjI0TXo3aU54YWYyOHQwR2Z0dThvNzZsS2tJbXJNOW5BbWJoNmlfaG5YNlVvT01oRlNhVGJ6X0x3cU9JcDh4T0dFWlRiaW1HT1N3bWNyWlpTRjg3ZXB2V18xQktjay1wVGdqcFcxLUdHdzRtQ2VwMzhtVnZfU1c2d0tleTgzNzBtV0tDTXlPSEhRQTJJbENkSlRJUE9oOUtTYnNB?oc=5) · hometownsource.com
- 2026-07-20 [Elk RiverFest leans into its family-friendly roots - hometownsource.com](https://news.google.com/rss/articles/CBMi5gFBVV95cUxNbDJ0OHJ5cGdjNG5namxuaF9zTnVuX3ZNektSdnVVbkE0TjF1ZFNUQjVFSnNlYWRreDRranZPaS1jUk9OQW5hNGxzaXBBaVdPOG05WmRzT1pyek5kamFGdzVIdDdOVmxrbV9lb2hsSjZERGVvNy1sVTJ5d3d5dTlHeFd6WEhxZUNyU3BMUTVOb1E0TzJFc0xSZlZMdW14OFZNTGZtRFh3OTFLbnBqRDh6ck1wLXlOZkx0dnBXSVdab0xPWU9XdkxzamJzSzZnS3JzcFVXa2gyNmd4SjhuV2dXb2RNRmp0QQ?oc=5) · hometownsource.com
- 2024-08-25 [Taste of Elk River 2024 - hometownsource.com](https://news.google.com/rss/articles/CBMiwgFBVV95cUxNQjdhdVh3RG1DU2FMMERTSW0yMVpUcW9XVHZtRFZLa1lvS2NsNXRXY2t6bXRWTmRtZGl0R0w4SnRhZmIwTTZNSlQwSGNQYVRoRVY1RVhUX2JvQjVPUk1PTmhOWGNaYUZEaGd5cW0zT3Z3dFRLRzhVUllxYXhEOWttVi1hNG5iWGNyY2k5a3VvaUtuSzY3RjRQTTlqYkgtaUd3clh2Q0dNVHhVSkluN1l6N2xFeUlDdXczb0JENFRWYUFWUQ?oc=5) · hometownsource.com
- 2021-10-07 [Houlton looks back on Scouting with astonishment | Elk River Star News - hometownsource.com](https://news.google.com/rss/articles/CBMi4wFBVV95cUxNdElsVmQ3YmVIZlhpU2hlSW1MMWc1a3ZBbGx5VFRsem5LeUx1aHJrQ3V6Z2JCeVhvWmN2MklHdlhFSV8xSENqVzRlMWYxNUJYUEd5bUlRX2t6VFlJQmVRTWlmODlCX3EwU2k3RHc3dE5sYmQ1QmhyMVpDeE5sMTFuMnREUHhGMEtObWVGZVEyUUJjX19lRXl1VTdxX3UxZHRLcHpNWWlnZURqOFBTQVRUWDRFVENoWl8zVllxU2Y4NWRWcmJRLWpfUzUtVWVqV0JfMm15N09XVXlRdzYzRGxjcmdOTQ?oc=5) · hometownsource.com
- 2020-12-28 [Early Elk River movers and shakers - hometownsource.com](https://news.google.com/rss/articles/CBMi0AFBVV95cUxNZDlacFhRSFZXZDhPVUZHRmViZlR2TnF0NmdlOXNFUGFSYXprMWdrVkFJQkRZazBMX3hETGN5dGw3b2hqZjNzVlNLbC14bEZ3YzN2czB2cDh5YUc2VDljLTZSVlRBZ1BVTWREbC1yR1lRM3FSVFFsaGhIa2dXX3hTSHZUN1JzQ0otSnp2MnhlZUJ5elFyd3hwQlVJQUltMUdhZktFWm1Cb1c0QWNIM0dlWFZrQWdQN1VmSGJLcjFzTTVTWE9pSkxXaEktSjhkWlYz?oc=5) · hometownsource.com
- 2025-11-09 [CAER Food Shelf Gala raises more than $115,000 to support local families - hometownsource.com](https://news.google.com/rss/articles/CBMiggJBVV95cUxONVh4WXdsN3RuaG5manlUa0hTSGMxYXVyV1hQWkNhdmpGanlKNWRxYkE2WUhHSEczdkN0aFp1ZVE5bXRmTkdSQ2xsT3d6TTJ6RldxYnBSaDA1QW5PNWdKdnFoNkEyNUVMaHJMZWl0RG5GSmpwN0kzaEt4eTk4VzU2cVotNFp1N213WVpkMGx6UG1wbmFfY3hzeHBYaUJUbnp0aGpXU0pCakZicHBnQVMzS3ZhZGZ6VEh2d2plQWEzN3FBcEUwN24wMFpneVEtSVQzVGdMcXREamtmVnAyOWF5UDEtbHhNQy1LdHI5ZDA4VVdhb3VMa0E3cFAwaVI0QmVmQkE?oc=5) · hometownsource.com

## How to verify

- Page: https://getbookiq.com/bank-desk/#bank=5136 (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/16.json (key "5136", 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