# PORTAGE BANK
BELLEVUE, WA · FDIC certificate 8197 · asset band <$300M · latest filing 2026-06 · live

**Verdict on the desk:** this could be *ordinary*. Composite score 3 (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 | $116.2M | |
| Deposits | $93.6M | |
| Loans and leases | $87.8M | |
| Total equity | $8.2M | |
| Loans / deposits | 92.81% (p84 of band) | 73.59% |
| Liquid assets / assets | 21.37% (p25 of band) | |
| Uninsured deposits / deposits | 56.22% (p98 of band) | 19.81% |
| Brokered deposits | 2.96% | |
| Wholesale funding | 14.41% (p90 of band) | |
| FHLB advances / assets | 11.45% | |
| Tier 1 leverage | 7.49% (p1 of band) | 11.76% |
| Unrealized securities loss / equity | -4.97% (p57 of band) | -6.57% |
| AOCI / equity | -1.20% (p23 of band) | |
| ROA (annualized) | 0.69% (p25 of band) | 1.17% |
| Net interest margin | 4.67% (p82 of band) | 3.93% |
| Efficiency ratio | 88.36% (p88 of band) | |
| Noncurrent loans | 1.13% (p73 of band) | 0.36% |
| Net charge-offs (annualized) | 0.00% (p19 of band) | |
| Reserve coverage of noncurrent | 99.20% | |
| Real estate % of loans | 95% | |
| Construction % of loans | 178.77% (p99 of band) | |
| Auto loans | $290,000 (0.33% of loans; DQ 0.00%, NCO 0.00%) | |
| Loans to nondepository financials | $0 (0% of equity) (p48 of band) | |
| Deposits YoY | 43.6% | |
| Employees | 41 | |

## Flags firing in the latest filing

- **uninsured deposits >50%** (`liq_uninsured`)
- **reserve under noncurrent** (`aq_reserve`)
- **construction >100% equity** (`conc_construction`)

## Warning timeline

| Quarter | Score | Flags that first fired | Flags that cleared |
|---|---|---|---|
| 2011-03 | 5 | brokered >10%, wholesale funding >15%, losing money, charge-offs p90, reserve under noncurrent |  |
| 2011-06 | 3 |  | losing money, charge-offs p90 |
| 2011-09 | 2 |  | wholesale funding >15% |
| 2011-12 | 3 | wholesale funding >15% |  |
| 2012-03 | 2 |  | reserve under noncurrent |
| 2012-06 | 2 | reserve under noncurrent | wholesale funding >15% |
| 2012-09 | 2 | uninsured deposits leaving | reserve under noncurrent |
| 2012-12 | 2 | capital falling | uninsured deposits leaving |
| 2013-03 | 3 | reserve under noncurrent |  |
| 2013-06 | 1 |  | capital falling, reserve under noncurrent |
| 2013-09 | 1 |  |  |
| 2013-12 | 2 | wholesale funding >15% |  |
| 2014-03 | 3 | losing money, charge-offs p90 | wholesale funding >15% |
| 2014-06 | 4 | noncurrent p90, reserve under noncurrent | charge-offs p90 |
| 2014-09 | 6 | deposits shrinking, assets shrinking |  |
| 2014-12 | 4 |  | deposits shrinking, assets shrinking |
| 2015-03 | 5 | expense ratio p90, NIM <2.5% | losing money |
| 2015-06 | 6 | capital falling, losing money | reserve under noncurrent |
| 2015-09 | 6 | uninsured deposits leaving | capital falling |
| 2015-12 | 7 | reserve under noncurrent |  |
| 2016-03 | 7 | charge-offs p90 | brokered >10% |
| 2016-06 | 7 |  |  |
| 2016-09 | 7 | deposits shrinking | uninsured deposits leaving |
| 2016-12 | 7 | assets shrinking | losing money |
| 2017-03 | 6 |  | expense ratio p90 |
| 2017-06 | 7 | uninsured deposits leaving |  |
| 2017-09 | 6 | expense ratio p90 | NIM <2.5%, uninsured deposits leaving |
| 2017-12 | 6 | capital falling | charge-offs p90 |
| 2018-03 | 4 |  | expense ratio p90, capital falling |
| 2018-06 | 3 | expense ratio p90 | deposits shrinking, assets shrinking |
| 2018-09 | 2 |  | expense ratio p90 |
| 2018-12 | 4 | capital falling, expense ratio p90 |  |
| 2019-03 | 4 | losing money | capital falling |
| 2019-06 | 5 | uninsured deposits leaving |  |
| 2019-09 | 3 |  | noncurrent p90, uninsured deposits leaving |
| 2019-12 | 3 |  |  |
| 2020-03 | 4 | brokered >10%, wholesale funding >15%, construction >100% equity | expense ratio p90, losing money |
| 2020-06 | 4 | capital falling | reserve under noncurrent |
| 2020-09 | 5 | reserve under noncurrent |  |
| 2020-12 | 4 |  | capital falling |
| 2021-03 | 3 |  | reserve under noncurrent |
| 2021-06 | 3 |  |  |
| 2021-09 | 3 |  |  |
| 2021-12 | 4 | capital falling |  |
| 2022-03 | 3 |  | capital falling |
| 2022-06 | 3 |  |  |
| 2022-09 | 4 | capital falling |  |
| 2022-12 | 4 | loans exceed deposits | brokered >10% |
| 2023-03 | 5 | brokered >10% |  |
| 2023-06 | 4 |  | capital falling |
| 2023-09 | 4 |  |  |
| 2023-12 | 4 |  |  |
| 2024-03 | 3 |  | loans exceed deposits |
| 2024-06 | 5 | loans exceed deposits, reserve under noncurrent |  |
| 2024-09 | 4 | capital falling | loans exceed deposits, reserve under noncurrent |
| 2024-12 | 6 | charge-offs p90, reserve under noncurrent |  |
| 2025-03 | 4 |  | charge-offs p90, reserve under noncurrent |
| 2025-06 | 6 | loans exceed deposits, expense ratio p90 |  |
| 2025-09 | 6 | reserve under noncurrent | brokered >10% |
| 2025-12 | 7 | uninsured deposits >50%, run vulnerability | expense ratio p90 |
| 2026-03 | 6 | losing money, expense ratio p90 | capital falling, loans exceed deposits, run vulnerability |
| 2026-06 | 3 |  | wholesale funding >15%, losing money, expense ratio p90 |

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

- 2022-07-21 [Minnesota’s 121-year-old "Portage Bank" Expands, Moves Headquarters to Bellevue, Wa - The Business Journals](https://news.google.com/rss/articles/CBMif0FVX3lxTE1GaFdTU3RmdmRnN2Vwb3dLTVBSVHZEX0JYMkVQNC1MemY0SUVJZ1YwR2hzLXF3VXMtVnBuVGx1OGhYdWNQY2pKT2JnTmxYUVJaSnNaUDYtX2s1QXdod21Nbk1tV0E1ckFqQS1iTzBXUXBGS0ZCZDVEb250U1l0eFU?oc=5) · The Business Journals
- 2024-05-15 [Banking-as-a-service middleware is going 'direct.' What does that mean? - American Banker](https://news.google.com/rss/articles/CBMipgFBVV95cUxNVnRKWWZmWVhpTVFFNzJSVWowaWxVQ3J2WHhEV2sxVVREWER3WUN4b0lJc1dwNWJMVnVpVUx0LXNZVmRCNFN2Zm93X0NOSzRzYTJENVZxRGR1ZjF2TE5rVF8wdHE3YkhEYnd2VnpZWGZMX1hKekptaUVEWHcwM2NJUHBnN1FnZnlaMDh1RXhjeGlyZjNmd1dtVmhtanJaUkRTNWlpSlpR?oc=5) · American Banker
- 2023-07-27 [Portage Bank Robber Caught In Hammond On Wednesday July 26, 2023 at approximately 12:38 PM, David E. M. Gant of Portage was taken into custody by the Hammond Police Department in reference to the bank robbery occurring on Monday July 24, 2023 - facebook.com](https://news.google.com/rss/articles/CBMi3wFBVV95cUxPX0ZFb2h3eERGZmxCS3NLSGR3bDdIRlBVcmNFOWdIQXA4TWZyMEpGcmJSa0J2R3A1YUJXYmdtaFVtdGpmU3lMcVlaTWdRMUJ3d0tuWUY0M2g5bG1DeThaMGtpcEhMQXB0S0s5eHNLZnVVZ3FKYlVGM1gxbDlxNjZ6NXZVdmM1WjFIWTZHVEZBQUlKVVhNOFh5SmR3WXFlaGtMaFBHWVJGQkdLdUI4VkpGbEJJdmVVc2dOdU9HZkp0eUNNWVpsUXdHUGZvQk9sTFowUGZUOVFHQ3kwR3VLdEU4?oc=5) · facebook.com
- 2024-10-14 [Man serves year for Portage bank fraud only to be held in jail on Illinois case - nwitimes.com](https://news.google.com/rss/articles/CBMinwFBVV95cUxQa29ZcklQWHdTOFdlOEc1a3QybFJmQXZ4b2lKaHFIQnpyN21kWlhXUGxCWklLTGF2Ul80b3VjOV9tcktSSnJNS3FvaW92UmNzbDRvaElsVlJ3c05VU0ZXYkIwU25JWTV6WE9saEFYSGk1OVVUTHhwTS1XcHRzM1R1MFpidGlKZ1UtVjNXczNzNktZTXBFMEJxMm1ZbUt4Zm8?oc=5) · nwitimes.com
- 2023-09-01 [40 Under 40 | 2023 - 425business.com](https://news.google.com/rss/articles/CBMipgFBVV95cUxPb0hlOHZVdlJSTmJGUFRrdUJ0MVZUVDhwelpBQkt4b0ZqR3JQUnVlUTVEWEVtVnRkeWxURTkzclM0UXBTV0QtT3JoYnRpWC1TOGFvZUpaZ25DZVc2dHRXWENnUG9pbFlNM0YwbzlsVFV6MTdWQk1hZWwydDdscHE1OU5TREFzX2sxQnNibXZXM0JLSVJTWWhvTTRoaXk4RkJNaW9wUUdR?oc=5) · 425business.com
- 2013-09-19 [No-contest plea entered in Portage bank robbery - Wiscnews.com](https://news.google.com/rss/articles/CBMiiAFBVV95cUxNSWJ5NTlKLWdvUjhJUjg3d1AxTVBpazE1ckdKaHBZWE1PT0c0SlU1RDFEWXBhMDBjdWVRZGhoU0tyM2J5V2lKX0FwVzlTaGFuNk9vUktHc3FleWN0b3NnYnJDUllhYmx6dVhrRm5iYUVOUmI2YlJuMUgtSTlSai1Memw1VGQyT0Mz?oc=5) · Wiscnews.com
- 2022-04-22 [5 market niches banks are reaching with technology - American Banker](https://news.google.com/rss/articles/CBMijwFBVV95cUxOU2VlSWVmSGNjeGtSTnd1Tjg1a2tpQjd2eW1vS1RuU1R0VG9LdmV3OTRuaGlTc19weTgxMW1SbmhDazF2NHpGZUIzb1Aza3BQWjhiWlEzc0ZZQTN2RE1CSDNEdEw3VmJjRkFnODFUd1UwTmlYZFk3bEpoeGFtZW9sclJCVDF1eG5YWFdzc3VXZw?oc=5) · American Banker
- 2023-07-27 [Man arrested in wake of Portage bank robbery; department cooperation, technology credited - nwitimes.com](https://news.google.com/rss/articles/CBMimgFBVV95cUxNYTZLX2J5Um1Zbi1EaFU5Yi1YOG5ZYk91aEE2R25EWjJKM1MzbkpwbS1xZmlCS1NEX1BKaHNIbHVNZmlYRlIxVHRpalFzRWtNZk9HNlVZR2VTZjM0MlY4VWhlbnhpZDFMd3E1aWhfdGY4RVlSS1E3aFhOVnJrc2hQdVJGNG0wRXZUZkM5UDdzWWgtd0FrSGpRUG1R?oc=5) · nwitimes.com

## How to verify

- Page: https://getbookiq.com/bank-desk/#bank=8197 (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/5.json (key "8197", 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