# SETTLERS BANK
WINDSOR, WI · FDIC certificate 58651 · asset band $300M-1B · latest filing 2023-06 · stopped filing (departed)

**Verdict on the desk:** this could be *run candidate*. Composite score 6 (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 | $411.5M | |
| Deposits | $296.4M | |
| Loans and leases | $382.3M | |
| Total equity | $43.6M | |
| Loans / deposits | 126.25% (p99 of band) | 78.66% |
| Liquid assets / assets | 6.64% (p1 of band) | |
| Uninsured deposits / deposits | 68.90% (p99 of band) | 25.20% |
| Brokered deposits | 22.62% | |
| Wholesale funding | 38.91% (p99 of band) | |
| FHLB advances / assets | 16.28% | |
| Tier 1 leverage | 11.22% (p68 of band) | 10.26% |
| Unrealized securities loss / equity | -0.35% (p97 of band) | -22.52% |
| AOCI / equity | 0.02% (p33 of band) | |
| ROA (annualized) | 0.59% (p21 of band) | 1.06% |
| Net interest margin | 3.47% (p49 of band) | 3.48% |
| Efficiency ratio | 75.66% (p76 of band) | |
| Noncurrent loans | 0.00% (p6 of band) | 0.23% |
| Net charge-offs (annualized) | 0.00% (p37 of band) | |
| Reserve coverage of noncurrent | – | |
| Real estate % of loans | 76% | |
| Construction % of loans | 60.84% (p56 of band) | |
| Auto loans | $345,000 (0.09% of loans; DQ 0.00%, NCO 0.00%) | |
| Loans to nondepository financials | $0 (0% of equity) (p45 of band) | |
| Deposits YoY | 27.1% | |
| Employees | 43 | |

## Flags firing in the latest filing

- **loans exceed deposits** (`liq_ltd`)
- **uninsured deposits >50%** (`liq_uninsured`)
- **brokered >10%** (`liq_brokered`)
- **wholesale funding >15%** (`liq_wholesale`)
- **liquid assets <10%** (`liq_thin`)
- **run vulnerability** (`liq_runrisk`)

## Warning timeline

| Quarter | Score | Flags that first fired | Flags that cleared |
|---|---|---|---|
| 2011-03 | 4 | loans exceed deposits, brokered >10%, wholesale funding >15%, liquid assets <10% |  |
| 2011-06 | 4 |  |  |
| 2011-09 | 2 |  | loans exceed deposits, liquid assets <10% |
| 2011-12 | 3 | capital falling |  |
| 2012-03 | 5 | loans exceed deposits, liquid assets <10% |  |
| 2012-06 | 4 |  | capital falling |
| 2012-09 | 2 |  | loans exceed deposits, liquid assets <10% |
| 2012-12 | 3 | capital falling |  |
| 2013-03 | 2 |  | capital falling |
| 2013-06 | 2 |  |  |
| 2013-09 | 2 |  |  |
| 2013-12 | 3 | deposits shrinking |  |
| 2014-03 | 6 | loans exceed deposits, liquid assets <10%, assets shrinking |  |
| 2014-06 | 4 |  | deposits shrinking, assets shrinking |
| 2014-09 | 2 |  | loans exceed deposits, liquid assets <10% |
| 2014-12 | 5 | loans exceed deposits, liquid assets <10%, capital falling |  |
| 2015-03 | 4 |  | liquid assets <10% |
| 2015-06 | 3 |  | capital falling |
| 2015-09 | 2 |  | loans exceed deposits |
| 2015-12 | 2 |  |  |
| 2016-03 | 3 | uninsured deposits leaving |  |
| 2016-06 | 3 | capital falling | uninsured deposits leaving |
| 2016-09 | 3 | uninsured deposits leaving | capital falling |
| 2016-12 | 3 | loans exceed deposits | uninsured deposits leaving |
| 2017-03 | 2 |  | loans exceed deposits |
| 2017-06 | 4 | capital falling, uninsured deposits leaving |  |
| 2017-09 | 4 |  |  |
| 2017-12 | 5 | loans exceed deposits, charge-offs p90 | capital falling |
| 2018-03 | 3 |  | uninsured deposits leaving, charge-offs p90 |
| 2018-06 | 2 |  | loans exceed deposits |
| 2018-09 | 1 | capital falling | brokered >10%, wholesale funding >15% |
| 2018-12 | 1 | loans exceed deposits | capital falling |
| 2019-03 | 2 | liquid assets <10% |  |
| 2019-06 | 3 | uninsured deposits leaving |  |
| 2019-09 | 2 |  | liquid assets <10% |
| 2019-12 | 3 | liquid assets <10%, capital falling | uninsured deposits leaving |
| 2020-03 | 2 | reserve under noncurrent | liquid assets <10%, capital falling |
| 2020-06 | 3 | wholesale funding >15% |  |
| 2020-09 | 2 |  | reserve under noncurrent |
| 2020-12 | 2 |  |  |
| 2021-03 | 3 | liquid assets <10% |  |
| 2021-06 | 3 | deposits shrinking, assets shrinking | wholesale funding >15%, liquid assets <10% |
| 2021-09 | 5 | liquid assets <10%, charge-offs p90 |  |
| 2021-12 | 4 |  | deposits shrinking |
| 2022-03 | 4 | deposits shrinking | charge-offs p90 |
| 2022-06 | 4 |  |  |
| 2022-09 | 3 | wholesale funding >15% | assets shrinking, deposits shrinking |
| 2022-12 | 2 |  | liquid assets <10% |
| 2023-03 | 4 | liquid assets <10%, capital falling |  |
| 2023-06 | 6 | uninsured deposits >50%, brokered >10%, run vulnerability | capital falling |

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

- 2022-11-03 [Minnesota credit union to buy Wisconsin bank in 11th such tie-up of 2022 - Banking Dive](https://news.google.com/rss/articles/CBMiswFBVV95cUxQek9abS1JVWZxSDUyWGtrYVFhbUpzd1lRLVFLWEplV1NYUWtjQWttQlY0dHAtU1NVSHRqeDFsZTQ5dlMxQ1o4X3BrNjM2N0pjSU4wR2VVLTJkclY5cFdHVXRZdGdZcm5QYlR2WU9Vd1poX24tZHAxZnliVjlBY0ljaEhPNVhXeXU4LVI4enN3WHQ4cDNlaXVyenVMXzhUN05kdUdMbVJJa0dTeTBzLUU3NEJRYw?oc=5) · Banking Dive
- 2022-11-04 [Wings Financial Credit Union to Acquire Settlers Bank - Business Wire](https://news.google.com/rss/articles/CBMirwFBVV95cUxNNTdxV21yV2lWZ3BWQk5ocDhSSFZOd2dMMFlvUnF5aXdvbmczMXA0Y1NoNkVJTE8yLW5rU09KMGxkeEZmT2FCUjRaOG5vZzZUNUx1dm5oQzdoNjdkbFV1dGMxNGxrWEJUVTcyNUZLdmlkR1FGSldXZS1oZFNPNUxEeFlSMjBlTE43TVlOeTgyRzlNTnFfQl9xRmlSSVVUT0JtSFo1OW5lLWtTcFZZQlFZ?oc=5) · Business Wire
- 2022-11-02 [Minnesota credit union buying a Wisconsin community bank - American Banker](https://news.google.com/rss/articles/CBMiqAFBVV95cUxQbmhoR2lHSUs1WkUxcHZxZHJyT1VVWTRSUXc0U1A3dktpVlVrZGN2Znc4a1Jxel81eW1DWTN6UEl0TnJlT1JUaVhVemVwQVFtTno0dFhaTHd6OE05OExIeGpPUlNrYjNJR1FaSUg3N29TNHZiMFFzbXdLQS14SU1qeWNQUG9YNFdiOTcwXzdwYTVsWGYwN24wOFRVSW51V1VpdllZQUJNU1k?oc=5) · American Banker
- 2022-11-02 [Wings Financial Credit Union to acquire Wisconsin bank - The Business Journals](https://news.google.com/rss/articles/CBMiowFBVV95cUxNd2oyTXd1ckdEYmpPVFowcTBBNDlYUVRSU2NCdHV1RkFZanJKbjlKQnE1QTRpNmNpT1dDcDBOTG5hclRvcDlOTzMzWG1aV0FyY0lsT0hYblRBMmpfbmMzaDRuNkt6YTJ6THJpX05GdlpRZFM0U3BDcC1xMGs2WnoxblVoelVnOW5sWnVvZk1vV1MtYkQyTWgycjAxZmhYZGZ3Yngw?oc=5) · The Business Journals
- 2026-02-04 [Ent Credit Union Completes Merger With Wings, Transition to Wings Brand Underway for Nearly 1 Million Members - SoCo Digest](https://news.google.com/rss/articles/CBMi2wFBVV95cUxQNFZ0MUZodzIxYWhEdXBOcVBMTURFYTc4NVl6eUNMbFpUd2JNWHZNQVd2aUV6bWJfMmRfZzY5T1N6WWFyd2RLcFpWUU9pTFBzV2hjUEh3VWUyM3FYSGxkZTc2QWQ4aUVuS2hlcjE2U2N4eTUtTkk1UDBMbzNVQXU2em15NUFpN0x6SmhBQzl4Y0RFTXJZMV9KVEpnelM3b1ZLZE94RWVuaDJkanJXVWZOSThZdzdCTXdDLTBnWXJGYW8tXzFqZGtvV1dUQkZjc25Bd25FUUtCdzNUZ2M?oc=5) · SoCo Digest
- 2022-12-07 [Iowa credit union buys bank in year’s 12th such tie-up - Banking Dive](https://news.google.com/rss/articles/CBMiqgFBVV95cUxNWThhUUtKRjRCaEgzcmk0N2wwY055Y2lpOElGZFdLNFpLR2V6YVQ3SlJpYWJFN1g0WnBpVW1MbklpOEVqVjNQemNQUFh2V0VfS1JXV01kTVZXTXUxT21PakxQQ01Ea1hyS3BLeEFpSE9qSVpMVGZPUXRRcnBlaWtXN3VicHloY2NwanRDemFVZ1Blb3ZRSGRoa09TOGo5SU5DZ3Q1TTV5QWtCUQ?oc=5) · Banking Dive
- 2022-11-03 [Wisconsin bank to become credit union after acquisition by Wings Financial - The Business Journals](https://news.google.com/rss/articles/CBMiogFBVV95cUxOU1dpSFhjMW94OC14MllKa1M0WVQ4WlA1T1hScXpwY0NweHRCTzNvdm9TbHJjZmdJX1hmOFVkY1ZpWHpDUkVFS1M2Q1g4Qi12QVo5Q0MtbTI4MkkwbXRXWWhPU2txUzE4YmlZLWhTZDQ2azZhT25Zc1F2VzhTZXBsVFJscEdYYktKUWw4SHpRUzlXRUlwT1RWSEZNVG1GSWNrWXc?oc=5) · The Business Journals
- 2017-09-28 [Former Gordy's Market stores sold in Spencer, Neillsville - Marshfield News-Herald](https://news.google.com/rss/articles/CBMivwFBVV95cUxOaUI2anRDbVhGd2w3a2lBUUc2VFZqZW15bnk1LUF6al9lVjlWLWtBUVEzMUx6SUYxNTRDYkZqVUJnWVEzUUhzQmdiZWRSa2daeUJoWV9PYVRWRDVvbGNqQVIwNzVlek5tY29IR01aNWFEaGotNzFiOHVyXzRYbURNNFgtYktLOEZjMFhTUG9SOEpacllHTkZ4d01kN19VM252Q1NkdTdqX1A2d3Y1U3YtSHFmVXptcmppUnhzWEhGYw?oc=5) · Marshfield News-Herald

## How to verify

- Page: https://getbookiq.com/bank-desk/#bank=58651 (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/27.json (key "58651", 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