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Overview / Commentary
402 North Eighth Street
Manitowoc, WI 54220

Bank First National is headquartered in Manitowoc and is the 13st largest bank in the state of Wisconsin. It is also the 634th largest bank in the nation. It was established in 1894 and as of March of 2014, it had grown to 155 employees at 12 locations. Bank First National has a A+ health rating.

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Health

Data for Q1 2014

Institution Health

A+

Texas Ratio

GRADE:
A+

The Texas Ratio is an indicator of how much capital a bank has available compared to the total value of loans considered at risk. As of March 31, 2014 Bank First National had $4.23 million in non-current loans and owned real-estate with $110.23 million in equity and loan loss allowances on hand to cover it. This gives Bank First National a Texas Ratio of 3.84% which is excellent. Any bank with a Texas Ratio near or greater than 100% is considered at risk.

Texas Ratio Trend

GRADE:
A

The Texas Ratio for Bank First National decreased dramatically from 5.86% as of March 31, 2013 to 3.84% as of March 31, 2014, resulting in a positive change of 34.42%.This indicates that the balance sheet and financial strength for Bank First National has improved dramatically in recent periods.

Deposit Growth

GRADE:
A+

In the past year, Bank First National has increased its total deposits by $83.38 million, resulting in 10% growth for the year. A strong track record of growth is an indicator of consumer confidence and the bank's ability to strengthen its balance sheet. The growth Bank First National has shown is excellent.

Capitalization

GRADE:
B+

Both FDIC and NCUA consider capitalization levels of banks and credit unions to be of high importance. Higher capitalization allows for a greater buffer when cover loans that may fail in the future. Bank First National has $1.05 billion in assets with $110.23 million in equity, resulting in a capitalization level of 10.48%, which is above average.

Institution Statistics

Overall
FDIC Certificate #5304
Year Established1894
Employees155
Primary RegulatorOCC
Assets and Liabilities
Assets$1.05 billion
Loans$831.70 million
Deposits$917.65 million
Equity Capital$101.51 million
Loan Loss Allowance$8.71 million
Unbacked Noncurrent Loans$3.63 million
Real Estate Owned$608,000
Historic Data - March 2013
Assets$967.12 million
Equity Capital$96.21 million
Loan Loss Allowance$8.07 million
Unbacked Noncurrent Loans$3.63 million
Real Estate Owned$2.26 million
Profit Margin - Quarterly
Net Interest Margin3.55%
Return on Assets1.22%
Return on Equity12.78%
Interest Income$9.73 million
Rates
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Bank First National CD Rates

DetailsAPYMINMAXPRODUCT
2.15%$5k-59 Month Relationship Special CD
2.01%$5k-5 Year Raise Your Rate CD
1.80%$5k-60 Month Certificate of Deposit
1.75%$5k-47 Month Relationship Special CD
1.30%$500-48 Month Certificate of Deposit
1.25%$5k-35 Month Relationship Special CD
1.05%$5k-3 Year Raise Your Rate CD
0.95%$500-36 Month Certificate of Deposit
0.80%$5k-23 Month Relationship Special CD
0.60%$5k-11 Month Relationship Special CD
0.50%$500-24 Month Certificate of Deposit
0.23%$500-12 Month Certificate of Deposit
0.18%$2,500-6 Month Certificate of Deposit
0.16%$2,500-3 Month Certificate of Deposit

Bank First National IRA Rates

DetailsAPYMINMAXPRODUCT
0.80%$500-2 Year IRA Add On
Locations

Bank First National has 12 locations. Click to view all Bank First National locations.