# FIRST RESOURCE BANK
LINO LAKES, MN · FDIC certificate 58039 · asset band $1-10B · 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 | $1.08B | |
| Deposits | $893.3M | |
| Loans and leases | $789.7M | |
| Total equity | $100.5M | |
| Loans / deposits | 87.47% (p51 of band) | 87.10% |
| Liquid assets / assets | 23.61% (p59 of band) | |
| Uninsured deposits / deposits | 15.12% (p9 of band) | 30.76% |
| Brokered deposits | 0.32% | |
| Wholesale funding | 8.35% (p59 of band) | |
| FHLB advances / assets | 8.03% | |
| Tier 1 leverage | 8.34% (p5 of band) | 10.50% |
| Unrealized securities loss / equity | -1.94% (p81 of band) | -7.75% |
| AOCI / equity | -0.99% (p18 of band) | |
| ROA (annualized) | 0.90% (p24 of band) | 1.26% |
| Net interest margin | 3.88% (p61 of band) | 3.70% |
| Efficiency ratio | 64.16% (p66 of band) | |
| Noncurrent loans | 0.09% (p12 of band) | 0.51% |
| Net charge-offs (annualized) | 0.51% (p95 of band) | |
| Reserve coverage of noncurrent | 1153.45% | |
| Real estate % of loans | 76% | |
| Construction % of loans | 42.03% (p44 of band) | |
| Auto loans | $3.5M (0.45% of loans; DQ 0.48%, NCO 0.00%) | |
| Loans to nondepository financials | $2.9M (3% of equity) (p80 of band) | |
| Deposits YoY | 48.5% | |
| Employees | 112 | |

## Flags firing in the latest filing

- **charge-offs p90** (`aq_nco`)
- **uninsured deposits leaving** (`flight_uninsured`)

## Warning timeline

| Quarter | Score | Flags that first fired | Flags that cleared |
|---|---|---|---|
| 2011-03 | 5 | losing money, expense ratio p90, NIM <2.5%, noncurrent p90, reserve under noncurrent |  |
| 2011-06 | 5 | loans exceed deposits | NIM <2.5% |
| 2011-09 | 5 |  |  |
| 2011-12 | 4 |  | noncurrent p90 |
| 2012-03 | 2 | noncurrent p90 | losing money, expense ratio p90, loans exceed deposits |
| 2012-06 | 2 | capital falling | noncurrent p90 |
| 2012-09 | 1 |  | capital falling |
| 2012-12 | 1 |  |  |
| 2013-03 | 3 | deposits shrinking, assets shrinking |  |
| 2013-06 | 3 |  |  |
| 2013-09 | 3 |  |  |
| 2013-12 | 2 |  | reserve under noncurrent |
| 2014-03 | 1 |  | assets shrinking |
| 2014-06 | 1 |  |  |
| 2014-09 | 1 |  |  |
| 2014-12 | 2 | assets shrinking |  |
| 2015-03 | 3 | uninsured deposits leaving |  |
| 2015-06 | 2 |  | uninsured deposits leaving |
| 2015-09 | 3 | uninsured deposits leaving |  |
| 2015-12 | 2 |  | uninsured deposits leaving |
| 2016-03 | 2 |  |  |
| 2016-06 | 2 |  |  |
| 2016-09 | 2 |  |  |
| 2016-12 | 2 |  |  |
| 2017-03 | 2 | losing money, expense ratio p90 | deposits shrinking, assets shrinking |
| 2017-06 | 2 | NIM <2.5%, assets shrinking | losing money, expense ratio p90 |
| 2017-09 | 3 | capital falling |  |
| 2017-12 | 1 |  | NIM <2.5%, capital falling |
| 2018-03 | 1 |  |  |
| 2018-06 | 3 | loans exceed deposits, wholesale funding >15%, charge-offs p90 | assets shrinking |
| 2018-09 | 2 | capital falling | wholesale funding >15%, charge-offs p90 |
| 2018-12 | 2 | wholesale funding >15% | capital falling |
| 2019-03 | 1 |  | wholesale funding >15% |
| 2019-06 | 1 |  |  |
| 2019-09 | 3 | wholesale funding >15%, capital falling |  |
| 2019-12 | 3 |  |  |
| 2020-03 | 3 |  |  |
| 2020-06 | 3 |  |  |
| 2020-09 | 3 | liquid assets <10% | wholesale funding >15% |
| 2020-12 | 1 |  | loans exceed deposits, liquid assets <10% |
| 2021-03 | 0 |  | capital falling |
| 2021-06 | 0 |  |  |
| 2021-09 | 2 | loans exceed deposits, capital falling |  |
| 2021-12 | 1 |  | loans exceed deposits |
| 2022-03 | 2 | uninsured deposits >50%, run vulnerability | capital falling |
| 2022-06 | 2 | loans exceed deposits, liquid assets <10% | uninsured deposits >50%, run vulnerability |
| 2022-09 | 2 | capital falling | loans exceed deposits |
| 2022-12 | 2 | loans exceed deposits | capital falling |
| 2023-03 | 2 | brokered >10%, wholesale funding >15% | liquid assets <10%, loans exceed deposits |
| 2023-06 | 3 | loans exceed deposits, capital falling | brokered >10% |
| 2023-09 | 3 | liquid assets <10% | wholesale funding >15% |
| 2023-12 | 3 | wholesale funding >15% | liquid assets <10% |
| 2024-03 | 3 | liquid assets <10% | capital falling |
| 2024-06 | 2 |  | liquid assets <10% |
| 2024-09 | 2 |  |  |
| 2024-12 | 2 |  |  |
| 2025-03 | 2 |  |  |
| 2025-06 | 3 | capital falling |  |
| 2025-09 | 1 |  | loans exceed deposits, wholesale funding >15% |
| 2025-12 | 0 |  | capital falling |
| 2026-03 | 1 | loans exceed deposits |  |
| 2026-06 | 2 | charge-offs p90, uninsured deposits leaving | loans exceed deposits |

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

- 2026-05-19 [First Resource Bank to open 4,000-square-foot office in downtown Wayzata - The Business Journals](https://news.google.com/rss/articles/CBMimgFBVV95cUxPZU9zZEQwMjl5UWNfelA1blFvMDFOVjU3alFqNGswQ21jTFhLUDFCaFh1LU8xSUM4X3BESTVuWlF3ZjRQS3cySWhBMHM5UWhCWm5BTmpBYXVmTFRuNWgyS2pIOFZ2VU9RZTRoUXVJSE44UmZlUi1QYzRJd2xyVHBrdThIMUJQb181UWFRb0QxZjZnanZMVHhPdFZ3?oc=5) · The Business Journals
- 2026-04-09 [First State Bank in Wyoming sold to First Resource Bank - hometownsource.com](https://news.google.com/rss/articles/CBMi8AFBVV95cUxNOHV1ZXVwcEVndWpQWDQ2cTdIVnpuYnlROFhQMzFEZm12UEVfREJLVVFBVTYxV1RFcGVFNmxRUEoxZFZTektMSXZqTVFkOU5kdlhjSE1mUjhnenFIVWhsU3Y0WDJYMWFkaS1wWktZbUhVc2txemVqX0ZhNjlINnNUNW9JbWgwWlZtNS11Ynp1aklXZlJ3ZHZaV3BmVUpLbnoyT1lqbVM4ZVhJTHd2aldOemJTWVVaNGxNZVFlSEx0QmpPdVd1MGpSb3lkU3d2WVpid2xYczkwMTUtemFsamlfaHZzQVplQkRvMGhXQlc0TFI?oc=5) · hometownsource.com
- 2025-12-21 [First Resource Bank plans downtown Stillwater expansion - Pioneer Press](https://news.google.com/rss/articles/CBMikgFBVV95cUxNbkxJQ0FnRnJUenpQRE00NVdkRkxDZ2ZmQWVna2Y1M0lTdWtmcDlWTFhUVFJuTXlSYWVfT1dveVp4cm9yTnR6N3laYUZYVlpXREp3aTdqMlZUWXNVY2FtdTZKNS1LdmQ4OUxLbDhqOU85a0Z3NmRoT0FIYndlZG0tcVBGZ0xzcWdzNzNJWl9kcVdrZw?oc=5) · Pioneer Press
- 2026-01-06 [First Resource Bank names Aaron Siegle CEO - The Business Journals](https://news.google.com/rss/articles/CBMiqAFBVV95cUxQNmVvMExJR0NJQTVNQ1NwSkZBMDdpVFJHa0RGNmw2S2pTc3dieVE5WWlXV2JJVk90OG9PMnppTTRfaGtoWFpDa1ZVNHRaUDVScDI3UDRJZUw4LXVITUpJT1loWkFwUXJEd3pmOHJTV2t1SXcybkJBeVBSWUUyUm9TdmMyWlNkUXlkVzctSlhDR19VdTNBYnFZNk03SjdJelR1SklWaUo5aVI?oc=5) · The Business Journals
- 2026-01-21 [First Resource Bank to acquire First State Bank of Wyoming, pushing assets past $1 billion - The Business Journals](https://news.google.com/rss/articles/CBMiqgFBVV95cUxOQ010Q1J4UTRBLWdrQlBvMVRRNlFBU2xqUzIydW41bGdBa19HT2xacE4tV1NtSmE0VDlGOTJ3QU1mVWR5RGs1RXQteTVaWldLWGxrcWNUSGRydERvUXI0eWZEUlFnRkVEZzZDLUF5cmNtTlZELVNXaGFiY29oRTQ0RXBLdmZmOUdjdHR1dzVKMW9GSFJmZnp4MlBnUC1ZZ25lSkpQQnhPYjNkUQ?oc=5) · The Business Journals
- 2025-12-10 [First Resource Bank to open second Stillwater location as growth drives hiring - The Business Journals](https://news.google.com/rss/articles/CBMiqAFBVV95cUxQVzM0SkdGLWpGQ1Vmb1Vma1lqLWpCOGV1QTVLTTNIdjVGdGdBWjBtSkRUSTBseDBraEZkeTQwNHBUeU50eUp1ZVRnWmFiVE5ndjRnbEtTdVhZaHlkSnlaaWVYbW5wdGVNLUR5OUJXWXdlTUcxNkVPaDNLY0MzZHdQVkhQdWVjakNab0tRUUp5SUlRQ2Fad2c4QVdtamdOU2h6YUNoU09WNUY?oc=5) · The Business Journals
- 2022-12-02 [First Resource Bank acquires two new branches - hometownsource.com](https://news.google.com/rss/articles/CBMi8AFBVV95cUxQN0hvX05TV01mZzRTWGRuMjFDSC1pZFFha2VybTEyczYxaVBtR3I5Mm5ndDZzbTA1dDNCdllIQzMtbnNrZDNPSWxzMHdjU2xoUGpjd0ZES2I5cUsxWWoxbDk5RTltdjlRUUJwMXc3T251WDJpMTdXaUVSRnVPQldGLUNmNkkzRlIzWWhBenZUUm1mRlFtUW9tWVh6UURVeWE3eWFfdEFfUlZva01Pb1BfT2d0SEVMZlUwUGxmNjhaQ0d3UDFpV1czYUZ1SmE4eTNneDU1ZXBhQk5mSFNVb0VlczlYMDlEN3hlUE8xX2lIMlU?oc=5) · hometownsource.com
- 2014-09-14 [Moving Ahead - Daytona Beach News-Journal](https://news.google.com/rss/articles/CBMiigFBVV95cUxNZDBteUNqdi01ZEdISTNXbEd6N0VpMC1ydm9jdzNubEhobDN4ZWNFQW1KWWlLR0JKU2tIQlhyc1h2d2Mzal9HY2VYaGtCUTFaNndkbDctTDZVTmhkVGJsZWZjVjFUT0JCOVUwYkVVR1NmY3ZwYmxvUjhpTDBfeHRZQVQ3YUpDOXNNd2c?oc=5) · Daytona Beach News-Journal

## How to verify

- Page: https://getbookiq.com/bank-desk/#bank=58039 (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/55.json (key "58039", 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