# FLAGSHIP BANK MINNESOTA
WAYZATA, MN · FDIC certificate 8188 · asset band $300M-1B · latest filing 2024-03 · stopped filing (departed)

**Verdict on the desk:** this could be *funding-stretched*. Composite score 0 (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 | $332.1M | |
| Deposits | $297.0M | |
| Loans and leases | $288.5M | |
| Total equity | $33.3M | |
| Loans / deposits | 96.21% (p83 of band) | 80.39% |
| Liquid assets / assets | 10.75% (p5 of band) | |
| Uninsured deposits / deposits | 31.85% (p75 of band) | 24.77% |
| Brokered deposits | 0.00% | |
| Wholesale funding | 0.00% (p8 of band) | |
| FHLB advances / assets | 0.00% | |
| Tier 1 leverage | 10.15% (p46 of band) | 10.32% |
| Unrealized securities loss / equity | -1.60% (p90 of band) | -17.90% |
| AOCI / equity | 0.11% (p87 of band) | |
| ROA (annualized) | 1.09% (p63 of band) | 0.89% |
| Net interest margin | 3.68% (p68 of band) | 3.32% |
| Efficiency ratio | 67.75% (p48 of band) | |
| Noncurrent loans | 0.01% (p12 of band) | 0.26% |
| Net charge-offs (annualized) | -0.01% (p11 of band) | |
| Reserve coverage of noncurrent | 16417.65% | |
| Real estate % of loans | 85% | |
| Construction % of loans | 53.78% (p52 of band) | |
| Auto loans | $245,000 (0.08% of loans; DQ 0.00%, NCO 0.00%) | |
| Loans to nondepository financials | $0 (0% of equity) (p45 of band) | |
| Deposits YoY | 4.3% | |
| Employees | 46 | |

## Flags firing in the latest filing

- none

## Warning timeline

| Quarter | Score | Flags that first fired | Flags that cleared |
|---|---|---|---|
| 2011-03 | 3 | leverage <7%, losing money, reserve under noncurrent |  |
| 2011-06 | 4 | noncurrent p90, charge-offs p90 | losing money |
| 2011-09 | 7 | leverage <5%, losing money |  |
| 2011-12 | 8 | capital falling, expense ratio p90 | noncurrent p90 |
| 2012-03 | 10 | noncurrent p90, deposits shrinking, assets shrinking, uninsured deposits leaving | charge-offs p90, capital falling |
| 2012-06 | 10 | charge-offs p90 | noncurrent p90 |
| 2012-09 | 9 |  | charge-offs p90 |
| 2012-12 | 8 | charge-offs p90 | losing money, expense ratio p90 |
| 2013-03 | 7 | losing money, expense ratio p90 | leverage <5%, uninsured deposits leaving |
| 2013-06 | 4 |  | leverage <7%, deposits shrinking, assets shrinking |
| 2013-09 | 4 |  |  |
| 2013-12 | 3 |  | expense ratio p90 |
| 2014-03 | 0 |  | reserve under noncurrent, charge-offs p90, losing money |
| 2014-06 | 0 |  |  |
| 2014-09 | 1 | capital falling |  |
| 2014-12 | 0 |  | capital falling |
| 2015-03 | 0 |  |  |
| 2015-06 | 0 |  |  |
| 2015-09 | 1 | reserve under noncurrent |  |
| 2015-12 | 0 |  | reserve under noncurrent |
| 2016-03 | 1 | losing money |  |
| 2016-06 | 2 | expense ratio p90 |  |
| 2016-09 | 2 |  |  |
| 2016-12 | 3 | reserve under noncurrent |  |
| 2017-03 | 0 |  | losing money, expense ratio p90, reserve under noncurrent |
| 2017-06 | 1 | capital falling |  |
| 2017-09 | 0 |  | capital falling |
| 2017-12 | 1 | reserve under noncurrent |  |
| 2018-03 | 0 |  | reserve under noncurrent |
| 2018-06 | 0 |  |  |
| 2018-09 | 0 |  |  |
| 2018-12 | 0 |  |  |
| 2019-03 | 0 |  |  |
| 2019-06 | 0 |  |  |
| 2019-09 | 0 |  |  |
| 2019-12 | 2 | loans exceed deposits, liquid assets <10% |  |
| 2020-03 | 0 |  | loans exceed deposits, liquid assets <10% |
| 2020-06 | 0 |  |  |
| 2020-09 | 1 | capital falling |  |
| 2020-12 | 0 |  | capital falling |
| 2021-03 | 0 |  |  |
| 2021-06 | 0 |  |  |
| 2021-09 | 0 |  |  |
| 2021-12 | 0 |  |  |
| 2022-03 | 0 |  |  |
| 2022-06 | 0 |  |  |
| 2022-09 | 3 | deposits shrinking, assets shrinking, uninsured deposits leaving |  |
| 2022-12 | 3 | liquid assets <10% | uninsured deposits leaving |
| 2023-03 | 0 |  | deposits shrinking, assets shrinking, liquid assets <10% |
| 2023-06 | 1 | liquid assets <10% |  |
| 2023-09 | 2 | capital falling |  |
| 2023-12 | 1 |  | capital falling |
| 2024-03 | 0 |  | liquid assets <10% |

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

- 2025-04-02 [Glencoe based Security Bank & Trust Co. expands reach in Minnesota - McLeod County Chronicle](https://news.google.com/rss/articles/CBMitAFBVV95cUxNZTJ6UDJrUzJ1RFJyN3o2NjlsYVc3NGNHeTY1QlE1Y2YtREwtcnpJbWtYMmRCa211OU9iNDRKUGFIUDZyTVliUmVIckNEVnhsbGtZMXc3SU1PelAxbnk3TGdrd3YxWGljRlFYWTRQZXdBVHZQeXI4X05lRFhaQkh0czg4RzMwVDljRjdRLV9vNlVXLWE3SU5PVnRCcndYeHlKdC00dlNqTUZ1QmlYRldIV3pfUkU?oc=5) · McLeod County Chronicle
- 2022-03-10 [2022 40 Under 40: CEO Andy Schornack grows Flagship, Security banks - The Business Journals](https://news.google.com/rss/articles/CBMiqAFBVV95cUxPak5mSlFvZ1R3R21lWTFUVm1qeUZ4M0ZJVmdvUzdfaHdJa2E1VENENDZSa0FkTmk2UDltLTRyNXFtUVpOeXNUVWJQaHg4RkpEMFpTSnk1WXhMcEl4THF4eXc3NXNWRlF3ZEh6OFplb3pJdUdXMmZlRGp6RC02TkNtSjVnR21wQllqS25xYmJveWZ3a2p6dlFqQTJITXBwTkpzQkw0LWFLVjI?oc=5) · The Business Journals
- 2023-12-01 [Cambridge State Bank to merge with Security Bank & Trust Company - hometownsource.com](https://news.google.com/rss/articles/CBMigwJBVV95cUxQNEhicVYxY0szTTlMcUJsNGxlUTRiS3I4aExDUHp1NUVEUTVuR09NLWZxclNLZWQzLXBweTR1STR4bGN5V19VUkZWajgwdG1RcEd3LVp3X29Fc19yMElhTnhueVlYbnYwa3ctRW41Yl9xRWx2c1pRd2MxWVplWXEwTTRkaWxzNGtsMDQ1VkMyRy1Xd01VUHk2RzN2UHVJYzJRVWZzZDZOc2VieUZ0MnZwTnY1eXVVNi1RWkZPc3JwdThMTGVkd0xxQW4tVm51YkEtZU0wSldiRkhZVjhqa2szV0JmRGphRUtxTGtaSndyejZzNHRZN1Bmamc0NjBMaHBaU2dr?oc=5) · hometownsource.com
- 2022-02-05 [Perham grad Andy Schornack named to Twin Cities''40 Under 40' list - Perham Focus](https://news.google.com/rss/articles/CBMidkFVX3lxTE1MdHFwVzhQemszbXYzdDRLbUJnd2FvZlA1c1QwYlJwOVZuRkZJRjUtcjUwRzhZazJfYWItV210X0dzQTk3dmxDRHRDeGRKMFMtYjhPY3FNeEd2Z2thdHdKN3hjWTYxcGhodUt3VzBPeklyS0RJSFE?oc=5) · Perham Focus
- 2014-11-19 [Jackie Herman - Finance & Commerce](https://news.google.com/rss/articles/CBMiYEFVX3lxTFBTV2VSaTFRdGdUZUx6RXJrYjNiTENlQ29tMUJTSXI5WFFNZDlibzZRUmNQZ05NaFEyTTMtN1BtVm9pd3NGTE5ieFlhdThsUFdJbkV0UHNBdGxhZEUtVDJ0eQ?oc=5) · Finance &amp; Commerce
- 2025-01-31 [After Old National/Bremer merger, Minnesota primed for more bank deals - The Business Journals](https://news.google.com/rss/articles/CBMioAFBVV95cUxQYXp3QmtSa21peXBrdTlvVGlMTnppNlM5YWdpT25qR3VqUTVoaWZmV2pXNmNMRlFtZ3VMa1BkOU1MVUlLb25qWk9OSVNUWFczQmlLZDFjQThacFg5Z1lvd1lWSGJqRVpNYTdNVW9iT1p1TFZwd1ZXUXdqVTFiNmZIbHhzWUxvVHBfbU5QZUhmRmEwUjFzX205dXlTR1hOWm95?oc=5) · The Business Journals
- 2024-03-06 [Perham graduate named top 100 business leader in Twin Cities area - Perham Focus](https://news.google.com/rss/articles/CBMipwFBVV95cUxPTlN4T052M3o0ek84M21PdnpZQnFWTmhWRGFqckQ0ODA2U0ppbE9BWWNsMURTTGN1dHZPVkVKZFd5OXhBTUlrRzF1SmtBOFI4SW9xcVlFSkUwQXVuZXFVdkpmcDJhZURZQ29BUjA0Q19jYTBTU09wbncwbEFSMnl2V3A0cVZjbmpZX0xZbjRwNHdmdkotenlfejFoYWZnUXV0aTZpa0dPYw?oc=5) · Perham Focus
- 2025-02-21 [UMB Financial eyes Twin Cities growth after market entry - The Business Journals](https://news.google.com/rss/articles/CBMiqAFBVV95cUxPYTFjTHJkbHRxMUpnUXAwaXlmd1V6Q3VpdnlrNjhxZnFLeEhIUDFqWjl6b0NaaWEyMHZmOWppcmV1R3B1VS1VOEkxXzNXZmFMcVpRT0NVYlFZcEhqTHQzeWxDOVRqcS1aUGl3Rm1vdEs0bkFHanYxQ0FFTHVTWmotNVVMZ1FWelVpTW1WX09XckVrclZIQmVVdTlLajN0OTZMOTJVdlpRc3o?oc=5) · The Business Journals

## How to verify

- Page: https://getbookiq.com/bank-desk/#bank=8188 (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/60.json (key "8188", 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