# PORT WASHINGTON STATE BANK
PORT WASHINGTON, WI · FDIC certificate 8698 · asset band $1-10B · latest filing 2026-06 · live

**Verdict on the desk:** this could be *run candidate*. 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 | $1.01B | |
| Deposits | $926.9M | |
| Loans and leases | $655.0M | |
| Total equity | $72.5M | |
| Loans / deposits | 69.99% (p17 of band) | 87.10% |
| Liquid assets / assets | 30.15% (p76 of band) | |
| Uninsured deposits / deposits | 27.46% (p39 of band) | 30.76% |
| Brokered deposits | 0.00% | |
| Wholesale funding | 0.00% (p6 of band) | |
| FHLB advances / assets | 0.00% | |
| Tier 1 leverage | 8.97% (p12 of band) | 10.50% |
| Unrealized securities loss / equity | -36.32% (p6 of band) | -7.75% |
| AOCI / equity | 0.04% (p80 of band) | |
| ROA (annualized) | 0.72% (p15 of band) | 1.26% |
| Net interest margin | 3.20% (p22 of band) | 3.70% |
| Efficiency ratio | 70.36% (p80 of band) | |
| Noncurrent loans | 0.11% (p14 of band) | 0.51% |
| Net charge-offs (annualized) | -0.01% (p6 of band) | |
| Reserve coverage of noncurrent | 898.86% | |
| Real estate % of loans | 85% | |
| Construction % of loans | 100.05% (p87 of band) | |
| Auto loans | $7.4M (1.13% of loans; DQ 2.48%, NCO -0.01%) | |
| Loans to nondepository financials | $90,000 (0% of equity) (p72 of band) | |
| Deposits YoY | 8.6% | |
| Employees | 132 | |

## Flags firing in the latest filing

- **securities losses >30% of equity** (`cap_secloss`)
- **construction >100% equity** (`conc_construction`)

## Warning timeline

| Quarter | Score | Flags that first fired | Flags that cleared |
|---|---|---|---|
| 2011-03 | 1 | reserve under noncurrent |  |
| 2011-06 | 1 |  |  |
| 2011-09 | 0 |  | reserve under noncurrent |
| 2011-12 | 1 | capital falling |  |
| 2012-03 | 1 |  |  |
| 2012-06 | 0 |  | capital falling |
| 2012-09 | 1 | reserve under noncurrent |  |
| 2012-12 | 1 | capital falling | reserve under noncurrent |
| 2013-03 | 1 |  |  |
| 2013-06 | 0 |  | capital falling |
| 2013-09 | 1 | charge-offs p90 |  |
| 2013-12 | 1 |  |  |
| 2014-03 | 1 | reserve under noncurrent | charge-offs p90 |
| 2014-06 | 1 |  |  |
| 2014-09 | 0 |  | reserve under noncurrent |
| 2014-12 | 0 |  |  |
| 2015-03 | 0 |  |  |
| 2015-06 | 0 |  |  |
| 2015-09 | 1 | charge-offs p90 |  |
| 2015-12 | 0 |  | charge-offs p90 |
| 2016-03 | 1 | charge-offs p90 |  |
| 2016-06 | 1 |  |  |
| 2016-09 | 0 |  | charge-offs p90 |
| 2016-12 | 0 |  |  |
| 2017-03 | 0 |  |  |
| 2017-06 | 0 |  |  |
| 2017-09 | 0 |  |  |
| 2017-12 | 0 |  |  |
| 2018-03 | 1 | capital falling |  |
| 2018-06 | 0 |  | capital falling |
| 2018-09 | 0 |  |  |
| 2018-12 | 0 |  |  |
| 2019-03 | 0 |  |  |
| 2019-06 | 0 |  |  |
| 2019-09 | 0 |  |  |
| 2019-12 | 0 |  |  |
| 2020-03 | 0 |  |  |
| 2020-06 | 1 | capital falling |  |
| 2020-09 | 1 |  |  |
| 2020-12 | 1 |  |  |
| 2021-03 | 2 | NIM <2.5% |  |
| 2021-06 | 2 |  |  |
| 2021-09 | 2 |  |  |
| 2021-12 | 1 |  | capital falling |
| 2022-03 | 3 | AOCI drag >20% of equity, securities losses >30% of equity |  |
| 2022-06 | 2 |  | NIM <2.5% |
| 2022-09 | 2 |  |  |
| 2022-12 | 2 |  |  |
| 2023-03 | 4 | NIM <2.5%, construction >100% equity, deposits shrinking | AOCI drag >20% of equity |
| 2023-06 | 2 |  | construction >100% equity, deposits shrinking |
| 2023-09 | 3 | construction >100% equity |  |
| 2023-12 | 2 |  | construction >100% equity |
| 2024-03 | 2 |  |  |
| 2024-06 | 2 |  |  |
| 2024-09 | 2 |  |  |
| 2024-12 | 2 |  |  |
| 2025-03 | 1 |  | NIM <2.5% |
| 2025-06 | 1 |  |  |
| 2025-09 | 1 |  |  |
| 2025-12 | 1 |  |  |
| 2026-03 | 1 |  |  |
| 2026-06 | 2 | construction >100% equity |  |

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

- 2026-05-08 [Port Washington State Bank diversifying lending strategy - The Business Journals](https://news.google.com/rss/articles/CBMipwFBVV95cUxNYU9GTG1LYkNYamNENk1NWkFDVWFYejFvTkxYNl9tZUsxejRrOXp5eUF4LUE4N3Q0UE9SWmxVei1KZ1FwbjI5MlRhUEFuUDBmbGtDOW0xT0U1cnlhSGtMQzZJbDVjNDA5OUJQaXNwVmxtTnRRM1lyUlNGcEVsZ0pnUFBjYXFkd1g1cTI0dU9Ib2p4aVBwTVJyajZxcVBhdGtyZmp6aUw2TQ?oc=5) · The Business Journals
- 2026-07-15 [Port Washington State Bank breaks ground in Belgium - Ozaukee Press](https://news.google.com/rss/articles/CBMijgFBVV95cUxPNkF5ZDdmeUgwaTVIa1MzMXlYSkJsMExnV1R3RFA2WWNBRWlIMkhpenltdm5lMmlBTVdxNmRPZmVoNmlqcDdkLUQxRm8xYmpHbFFpX0NvNFFNZUx6bnJtTnZaOFRCR3M5b2QzZUVqdndPS1Q4QkktUXVvT1lVak5LbFJsc1B5NTZYSEh2UG5n?oc=5) · Ozaukee Press
- 2026-05-05 [Port Washington State Bank welcomes Vince Cameranesi to commercial banking team - GMToday.com](https://news.google.com/rss/articles/CBMiwAFBVV95cUxQZFhCdndtWjRKaGRFMW9Rcjk2LW11UUtIVEc5T0Jxa004dlkydjh5bTlnTU10N2xhQnRxZkxCaXNwSnBMeWxEdGp4R0NmR3B1WWJHYnNkbDhkRTR5MUJtc0lzSmpUeVpNOWplclNmaERLNDdCMDJlcnhjRzE1M0tGV0ZOWTF4ZmYxdkxVdnR3VEFyX25JdUx0RUt0SXg4YlIyQy1ydXFzajJMMkE5YTdGSHpaV0dlU183X05TR0lDSEw?oc=5) · GMToday.com
- 2026-02-04 [Port Washington State Bank names new CEO - biztimes.com](https://news.google.com/rss/articles/CBMib0FVX3lxTE5ST3hycHhBZ0NBOUctWGZJMVBGR1FpUms1bkoySGNvcERTemhoMFdBNFBJTTNkcWdMaTZldU4tQ1FLOHdkQ0FWS3YwaWlSV0NKdDJIUzJtQXM0akI2ekdvTXFMLUttVnJMRmVjVFAyOA?oc=5) · biztimes.com
- 2026-06-24 [Port Washington Air Quality Index (AQI) and USA Air Pollution - IQAir](https://news.google.com/rss/articles/CBMicEFVX3lxTE9NX2t0UjlOUzBXOHBJdzg0bDEtcnZvVjFkcUpFSE5TUzRETEhkeTNoLXF5Tk8xMWdZRTctVFRYcV9JdUdIdXlMNlBjTzIzY055X0VxOGdMOEhNWEI0bG1rNzhpbHNyM2NZRFBrbE9sLWc?oc=5) · IQAir
- 2026-02-04 [PWSB passes CEO title to fifth generation - Ozaukee Press](https://news.google.com/rss/articles/CBMigAFBVV95cUxQblEtWVJ2Z1RHZWV0VWtVVk5BbDV6MlJtRmhLWFdkVlh4a3dDTVZEN24tRl9nRUxSUjdTRkxGaVVqcWJzSkRHVmdhUklORTZQSU9IYWlyOHRnS0RESzFKcDNWbElOMlRoWkpqZ25nVW5rRVJKZnRIY19xZ3BEajIycw?oc=5) · Ozaukee Press
- 2026-02-04 [James S. Schowalter, Promoted to President and CEO at Port Washington State Bank - Milwaukee Business Journal - The Business Journals](https://news.google.com/rss/articles/CBMimAFBVV95cUxPcTZNVFZXT090TGVWLVR3UEdnNXRPdlUzNGVLS0JKVFBkYTBDcWhnVU8zYU5nTW4yQ005M0EzT0NiUEtrVjBuWG8yQUloMk02VmpCTDVxdWpvdDVxRzJjemRWaUhlYW5JN1ZrNXUzQndxZG1XeUlfYkJZamVydUtub3dQZ2Z3LVFKZUNVc1ljaEkxWUtBWW5BUw?oc=5) · The Business Journals
- 2026-01-20 [Port Washington State Bank secures naming rights for new Cedarburg Sports Complex - GMToday.com](https://news.google.com/rss/articles/CBMi2gFBVV95cUxNeExLbU9rN0h1ZGhzQlJvT0l1LXF1d1RhNkxmZnlVN2ZtZXVFcU5mOXliRzh3Nzg5VUVZdFN4dDVqSFg4LTJDZkEzbi0wRElQVWlacWFBcS1TZFFuclZOYWVFVjhBcmt6YV9faTBRazdIQldXLTVMM3VsU3otU3FBS1Y2SjdTZHJzemRMXy02akV0bUFGYmE1UmxOVkxrcXN2STlLT0hIMWJZclhIZXhYMGlxa1NzX2EyNFlEQXJqN3V6VFhjWjVZWTk5T212d21MVFZhWm85QUxKQQ?oc=5) · GMToday.com

## How to verify

- Page: https://getbookiq.com/bank-desk/#bank=8698 (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/58.json (key "8698", 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