# COMMERCE STATE BANK
WEST BEND, WI · FDIC certificate 58020 · asset band $300M-1B · latest filing 2022-09 · stopped filing (departed)

**Verdict on the desk:** this could be *funding-stretched*. 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 | $846.7M | |
| Deposits | $657.4M | |
| Loans and leases | $768.2M | |
| Total equity | $94.3M | |
| Loans / deposits | 115.87% (p99 of band) | 72.27% |
| Liquid assets / assets | 6.21% (p1 of band) | |
| Uninsured deposits / deposits | 41.46% (p87 of band) | 27.64% |
| Brokered deposits | 0.53% | |
| Wholesale funding | 11.16% (p86 of band) | |
| FHLB advances / assets | 10.63% | |
| Tier 1 leverage | 10.84% (p67 of band) | 9.98% |
| Unrealized securities loss / equity | -1.99% (p93 of band) | -28.34% |
| AOCI / equity | -1.55% (p90 of band) | |
| ROA (annualized) | 1.61% (p85 of band) | 1.08% |
| Net interest margin | 3.71% (p75 of band) | 3.33% |
| Efficiency ratio | 51.15% (p16 of band) | |
| Noncurrent loans | 0.04% (p19 of band) | 0.24% |
| Net charge-offs (annualized) | -0.25% (p1 of band) | |
| Reserve coverage of noncurrent | 2345.49% | |
| Real estate % of loans | 79% | |
| Construction % of loans | 84.84% (p69 of band) | |
| Auto loans | $742,000 (0.10% of loans; DQ 0.00%, NCO 0.00%) | |
| Loans to nondepository financials | $0 (0% of equity) (p45 of band) | |
| Deposits YoY | -3.5% | |
| Employees | 74 | |

## Flags firing in the latest filing

- **loans exceed deposits** (`liq_ltd`)
- **liquid assets <10%** (`liq_thin`)

## Warning timeline

| Quarter | Score | Flags that first fired | Flags that cleared |
|---|---|---|---|
| 2011-03 | 3 | brokered >10%, wholesale funding >15%, construction >100% equity |  |
| 2011-06 | 3 | reserve under noncurrent | construction >100% equity |
| 2011-09 | 3 |  |  |
| 2011-12 | 3 |  |  |
| 2012-03 | 4 | charge-offs p90 |  |
| 2012-06 | 4 |  |  |
| 2012-09 | 6 | deposits shrinking, assets shrinking |  |
| 2012-12 | 4 |  | deposits shrinking, assets shrinking |
| 2013-03 | 4 |  |  |
| 2013-06 | 3 |  | wholesale funding >15% |
| 2013-09 | 3 |  |  |
| 2013-12 | 3 | capital falling | reserve under noncurrent |
| 2014-03 | 1 |  | charge-offs p90, capital falling |
| 2014-06 | 1 |  |  |
| 2014-09 | 1 |  |  |
| 2014-12 | 2 | capital falling |  |
| 2015-03 | 1 |  | capital falling |
| 2015-06 | 2 | wholesale funding >15% |  |
| 2015-09 | 1 |  | wholesale funding >15% |
| 2015-12 | 1 |  |  |
| 2016-03 | 1 |  |  |
| 2016-06 | 1 |  |  |
| 2016-09 | 1 | capital falling | brokered >10% |
| 2016-12 | 0 |  | capital falling |
| 2017-03 | 0 |  |  |
| 2017-06 | 4 | loans exceed deposits, brokered >10%, wholesale funding >15%, liquid assets <10% |  |
| 2017-09 | 4 | uninsured deposits leaving | liquid assets <10% |
| 2017-12 | 3 | capital falling | loans exceed deposits, uninsured deposits leaving |
| 2018-03 | 2 |  | capital falling |
| 2018-06 | 2 |  |  |
| 2018-09 | 3 | capital falling |  |
| 2018-12 | 3 | reserve under noncurrent | capital falling |
| 2019-03 | 3 | charge-offs p90 | wholesale funding >15% |
| 2019-06 | 4 | loans exceed deposits, liquid assets <10% | reserve under noncurrent |
| 2019-09 | 2 |  | loans exceed deposits, liquid assets <10% |
| 2019-12 | 1 |  | brokered >10% |
| 2020-03 | 2 | brokered >10% |  |
| 2020-06 | 2 | loans exceed deposits | brokered >10% |
| 2020-09 | 3 | liquid assets <10% |  |
| 2020-12 | 1 |  | loans exceed deposits, liquid assets <10% |
| 2021-03 | 2 | loans exceed deposits, liquid assets <10% | charge-offs p90 |
| 2021-06 | 1 | charge-offs p90 | loans exceed deposits, liquid assets <10% |
| 2021-09 | 2 | loans exceed deposits |  |
| 2021-12 | 2 |  |  |
| 2022-03 | 0 |  | charge-offs p90, loans exceed deposits |
| 2022-06 | 4 | loans exceed deposits, brokered >10%, wholesale funding >15%, liquid assets <10% |  |
| 2022-09 | 2 |  | brokered >10%, wholesale funding >15% |

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

- 2022-09-27 [Commerce State Bank to officially become Summit Credit Union Saturday - GMToday.com](https://news.google.com/rss/articles/CBMi-AFBVV95cUxQZmRjTUFuM3FxbzdCLTZfY3YxaWJPSV9fWVNjZlRycDZuWTMzTlg3LWhhbkdsZ0ZtejdCTVE1WmlJbG1JUEZPeFlGVXdHRmNVbjFwSnZiZkZnUFhXOG5fYzhVQnpUbjdRV1djeHF0ZlhNel8zT2V5MVJMRkFOaGZZd29IMzFObnZRMVVYWk9CZlRNM2tuNl84VV81dG9fZkhvdlNhQ1JUd2ZhLW1JTlhDTEJFQ3RkZ1E0SllPOHpRT0pVMWx2Mk53Y1BUWm9MdFhNMFJWVFl1MzRvOFZrYUQ1elVpeUtfUnlUMHFiZ3diRkYtZlNfRjlxOQ?oc=5) · GMToday.com
- 2022-03-04 [Credit unions buy Wisconsin, Arkansas banks - Banking Dive](https://news.google.com/rss/articles/CBMiiwFBVV95cUxPbGZoaVVJb1duQWpnVEpaMnNON0lVTWRTbENTekRZelh5a2ZVb1hwajVlRUZJZ2tCT050S3ZWand2MTZDbFNfeDVELWllR21WSk00RDNjaFVFeUlxUHVWTG9Td3hKTkVvUHJ2R0VBcE9ZODBKeEJ0OW1DdWc1cmFHZnBsR0ZGamcwTkN3?oc=5) · Banking Dive
- 2020-02-17 [Nicolet National Bank to acquire Commerce State Bank - BizTimes - Milwaukee Business News](https://news.google.com/rss/articles/CBMifEFVX3lxTE5Pel9xQWo3am1ZZ0hlV1J0M3FPQ0sydV9lLXViUi1ZdXRjSFRDS2o4SXV1WUZadmJveVl2N3ctOXhqVkU1a2tWb3VyZHZBWkJJLVVwX3JxTHZVcko5eldPaEZvajZvaXk3QWNPVWM4Z3ljMEoySS1pVERCM2o?oc=5) · BizTimes - Milwaukee Business News
- 2022-10-04 [Summit Credit Union finalizes purchase of Commerce State Bank - The Business Journals](https://news.google.com/rss/articles/CBMiqwFBVV95cUxPS2RFUEdQa3g1S2d0b3Jna0RsRnQtalMwNnUxaHZlcUFiWHBJR0JhTXNfLVQ3R2xjaXloeGEwVUJwZ0hKTVhhTHh6bzNnWlRFUDdtejFCVi1CNWV4dFRoYlRiS2Z5c1ZYRi1TS0E4MDItSjJ2MDh6UnZVcVE3d2dPaGV3T0N0MG5KV09RRUFzUkpPeHhETUtvUG1CRUlIam9mRmg3ZEROUmhRbFU?oc=5) · The Business Journals
- 2022-10-03 [Summit Credit Union acquires West Bend-based Commerce State Bank - Milwaukee Journal Sentinel](https://news.google.com/rss/articles/CBMitwFBVV95cUxNOGo3ZGJqOHlHWS1OT0VZeE5iMDFhTzlFTEUweWJySnhJSk1pY1ZmYU82OGFiUlRYckxYWThrT1VqVDBFOGltSlI2a0Nuc214OTdJNTFOWXlFSUV1QlVSM3NhUXY1Sk9MdDl3WGxuMTJKM3JPeFZqdThvZFlnUXdpY3lBbnc2dDE0MmdVZHRmZnhOYUpFZzM3SzIzQXNFSllyeHVqaFhlNWF1cWttU0FXTVBZcTlQQ28?oc=5) · Milwaukee Journal Sentinel
- 2020-02-17 [Nicolet Bank to expand south to Milwaukee suburbs with acquisition of Commerce State Bank - Green Bay Press-Gazette](https://news.google.com/rss/articles/CBMi1gFBVV95cUxPekhsLXFyWEtvSDBzdndwd3ZtOWdHTnNrMFd3TUxSSG8yOVlMZ0R4TlFHZmg3X1IzZ3JybzZwTG5kSTFNbDZUWWxxSV9PaDlTTG1vMGZ3dWlwUHpHOGdrazRFNDQtMXNmT1Q5RGJGZFd0WW02NlYwMVMyc0c2UExUR1NBVkdBR0RKbllWbzY0NkhVaTZjSnVHVTd3QmhKdGpoQm1Ub0lnbV9BM1JGV3gwRjB3VVhpa3FXcUctOFNDTGFKem5iVnlxWGlsUWg1SmNtbm5XTjlR?oc=5) · Green Bay Press-Gazette
- 2022-03-03 [Summit Credit Union to acquire Commerce State Bank - The Business Journals](https://news.google.com/rss/articles/CBMirgFBVV95cUxOYm9VNjZZa0xvbDZUYkx3SE43dVhFdWE3bkxnREZocE1RLVBuME1DYy1tR2NSR2tOODc2NTZQWDdIbHJuc3J2Wms4cDEyaW5KX1FpclB6cEg0R3JleE41STl6Qm83RDg3NDl2b2w1QjJudXZzZEthZkpxUldiUTJrTmRrMjA1Tk1JZnpuTFI0LVRwcGd4UWFfODNFMVVMaF90OG10Q1VrR2VOdUl6TFE?oc=5) · The Business Journals
- 2021-07-23 [Commerce State Bank board of directors named 2021 Private Board of the Year - GMToday.com](https://news.google.com/rss/articles/CBMi7wFBVV95cUxPSGpIV01nd05pUVBLSllkOXZEWnRPMGU1RkxZcW9UMEJSbDU5NDd1bGdkU29YSGNGMEwwQi1OVUI4X1YwaGNFWGs3d3ZZVlA3d0ZJSzFrZnhtTVNuVVVBMEhwbWZqRDlVTEd4TUhobldqNV9mdWZiaDBsbkxZYlZ3VzZQWXgwOW55Z2tnZmFNcms3dHEzSHNqQWZKOHlsNXhRdHBWVHlLQXA2TG16dzVRQ1pFMmIyQzF1LW1rWUQtOHRKeVg1YXlMa2hWMy11b2gyekd1Qlp6MElQWkNaTUhiZ1JvdzNmZnNRbGNveVQtdw?oc=5) · GMToday.com

## How to verify

- Page: https://getbookiq.com/bank-desk/#bank=58020 (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/36.json (key "58020", 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