# THRIVENT BANK
SALT LAKE CITY, UT · FDIC certificate 59286 · asset band $300M-1B · latest filing 2026-06 · live

**Verdict on the desk:** this could be *credit-stressed*. Composite score 5 (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 | $905.6M | |
| Deposits | $548.1M | |
| Loans and leases | $574.2M | |
| Total equity | $332.4M | |
| Loans / deposits | 104.28% (p93 of band) | 82.04% |
| Liquid assets / assets | 32.00% (p69 of band) | |
| Uninsured deposits / deposits | 9.27% (p4 of band) | 25.97% |
| Brokered deposits | 0.00% | |
| Wholesale funding | 1.10% (p35 of band) | |
| FHLB advances / assets | 1.10% | |
| Tier 1 leverage | 29.76% (p99 of band) | 10.81% |
| Unrealized securities loss / equity | 0.30% (p99 of band) | -8.10% |
| AOCI / equity | -0.58% (p38 of band) | |
| ROA (annualized) | -1.62% (p1 of band) | 1.28% |
| Net interest margin | 5.54% (p98 of band) | 3.91% |
| Efficiency ratio | 128.94% (p99 of band) | |
| Noncurrent loans | 0.26% (p38 of band) | 0.43% |
| Net charge-offs (annualized) | 0.17% (p90 of band) | |
| Reserve coverage of noncurrent | 181.74% | |
| Real estate % of loans | 75% | |
| Construction % of loans | 0.70% (p4 of band) | |
| Auto loans | $31.4M (5.47% of loans; DQ 0.76%, NCO 0.00%) | |
| Loans to nondepository financials | $1.0M (0% of equity) (p90 of band) | |
| Deposits YoY | -14.6% | |
| Employees | 149 | |

## Flags firing in the latest filing

- **loans exceed deposits** (`liq_ltd`)
- **losing money** (`earn_negative`)
- **expense ratio p90** (`earn_efficiency`)
- **deposits shrinking** (`shrink_deposits`)
- **assets shrinking** (`shrink_assets`)

## Warning timeline

| Quarter | Score | Flags that first fired | Flags that cleared |
|---|---|---|---|
| 2025-06 | 3 | losing money, expense ratio p90, NIM <2.5% |  |
| 2025-09 | 3 |  |  |
| 2025-12 | 2 |  | NIM <2.5% |
| 2026-03 | 3 | charge-offs p90 |  |
| 2026-06 | 5 | loans exceed deposits, deposits shrinking, assets shrinking | charge-offs p90 |

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

- 2024-06-24 [Thrivent receives ILC charter - Banking Dive](https://news.google.com/rss/articles/CBMimAFBVV95cUxOY0t3azhTZUdYWUcya3FQeG5lNDNNQmpscVYyY2FnM3ZSTDdVQXFDVGR3cFYyNi15LUhEeFhKYWREVU5ucUF0YmJWbjFWQmFfdE9RbmczZ2NXN1dlRVU3QmQyU0U1aUw4dEhBWnZKYmUtSnRKU0lCeUx3Wnl1Y0E5T1dUVU5Oajl1djl0U0JLOEczX0kyOW10dA?oc=5) · Banking Dive
- 2025-06-03 [Thrivent Bank launches operations in US - Retail Banker International](https://news.google.com/rss/articles/CBMigAFBVV95cUxOV200ZlhXb2RJOWoyUXVmMmNBakNCSkV3WHJ5Nk9TS0JjZzFvcnRBMFZEWVVlRnFCVTBrQ1NQSXh2SkVVYXU0TmNSdVYzY3ZCbHpIRjhrZXpYM1FhMEhpRk5tT19vOVZGcmxDMXRxVmZNNDNVZmM1aWw0MXpSc002dw?oc=5) · Retail Banker International
- 2024-07-03 [Thrivent makes move to attract younger clients by creating online bank - startribune.com](https://news.google.com/rss/articles/CBMihgFBVV95cUxQZkxSSHJ6T0YzS1BQN1lCVWJBZ0p1YkVySnotR25SNWVPaFNqOXcyQUZuRFRHWERuTHJsWlNkN2pIcXRlcmRyMHdZbXh1RjMtcGZrcTJNRjBtalBWdVVsOHJDNnNQMWNOMUVmcEZwZEQ0MjN3ZUE5WHdCUURmck92d0dYOFVfZw?oc=5) · startribune.com
- 2025-11-12 [Thrivent Bank aims to pair advice, digital platform in youth push - Banking Dive](https://news.google.com/rss/articles/CBMirgFBVV95cUxNUE45X3BOdXlvTTdVTHFiajJhRzU2NEgxUS1LSlZuZlVzbFB6T1RPZVNDT0lnZ2hlOGtxYlFkM29yUlp0ZmVSTzVkeVduSDJxVl82X0xXTGY2YUtZTGxQSVpvSkpQdm1rVHNkbE1yM25tZXpYZkZQZzFaZFJVeUpueHlacGlvLTRaWXhMQkJEQ0RkT2ZqSHM3YS1FTnB5X19rcHBMcmlqVTAtc3gwVFE?oc=5) · Banking Dive
- 2024-06-21 [Thrivent acquires ILC charter, plans to convert credit union - American Banker](https://news.google.com/rss/articles/CBMiogFBVV95cUxPOVFlTjVQN3FVZEdpVzBQSUozcEZxbFVHX2t0LWJyZ2tRc3JQMEV5Sl9WMi13WjZPYzJkT29BNk5kQzZkZENMMkpjeTlObERXTmdwdDJaaGcyUWk3dHZZbjVYYmwwYkozMndGQnNWbXpEN1EwWjBnVWJxdDFoVGN5THhrNFk1SmZTdzJLQnVrcHZOOHNxNk5jdjhjYUVTS21RVEE?oc=5) · American Banker
- 2021-08-27 [The FDIC Should Prevent Rakuten From Getting A Banking Charter - National Community Reinvestment Coalition (NCRC)](https://news.google.com/rss/articles/CBMihwFBVV95cUxQckwwTWQxOXVsRV91NUFrdDZHRG92eTdrN2d5VGFEOWZ3MVEtbXZOZVlDN1FON0thTlFmODdMSy1KRl81VW5iR0JMeTV6V1dMRmZpVHpnbkJsaUhpdlpkbVo2N21vMlNPbV9BOTZhYW9nd3ViRmxqejFMWlpGLVVxWTRjV1JXX2s?oc=5) · National Community Reinvestment Coalition (NCRC)
- 2026-07-06 [Klarna’s Bid Tests Whether FinTech Scale Needs a Charter - PYMNTS.com](https://news.google.com/rss/articles/CBMikgFBVV95cUxNLVZodnk5ZWd4OTVFc1pzbjdxa2lQZlhSdEl5cFhuRUtLOHljNlB2aGs3S2hKV0IxT1I5c2lzTDFKNEpYMm94c2wyeE55U1VIMUlqeFowY1dzTjVWZlV0QVRZV0tMbnpqYUs4d2dOTEVWUl9YOFJJUGIwRUdlWFA4bkpPWkZOYU9TMkg5VTdJa1BJZw?oc=5) · PYMNTS.com
- 2021-03-03 [Thrivent hires former MUFG Union executive to run proposed bank - American Banker](https://news.google.com/rss/articles/CBMipAFBVV95cUxNa0dwV01qeVYyakRRenhWT0plVlJxRkRILUN5UnFoNjlKOTUzV2kzZ0w0TWxIb3p0TVhZMFdzejl2MFczWG5HRkt6LUl3NlpMbnZYT1FWRlQycnNlcHhYOWcyMnFlV3hvVl9lZTZWdlVJM2xDeHdMVWo3UDFadjFaQmVQN1U2TlpDS0MyQkJ6UTN0R0Vab1lBRjJaRVk5Snd1VU5qeA?oc=5) · American Banker

## How to verify

- Page: https://getbookiq.com/bank-desk/#bank=59286 (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/22.json (key "59286", 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