Bank First, N.A.: Financial Reports & UBPR Data
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Data as of · sourced from FFIEC call reports. How we update
Bank First, N.A. operates with a thinner capital cushion than most banks of its size. The Manitowoc, Wisconsin bank had $5.9 billion in assets at June 30, 2026, up 36.2% from a year earlier. It holds common equity equal to 10.93% of its risk-weighted assets, lower than about 9 in 10 of the 895 banks with $1 billion to $10 billion in assets (median 13.52%). It also grew its loan book 26.2% over the year, 4.4 times the median of 5.9% for banks its size.
Earnings jumped: net income for the quarter was $25 million, 47% above the same quarter a year earlier. Over the same year, loans grew 26.2% and deposits grew 38.6%. One more trend to watch: problem loans, meaning loans on nonaccrual or 90 or more days past due, net of government guarantees, rose to 0.56% of loans from 0.38% a year earlier.
As of June 30, 2026, Bank First, N.A. reported a CET1 capital ratio of 10.93%, a return on assets of 1.70%, a nonperforming-loan ratio of 0.56% and a Texas ratio of 4.87%, according to its call report filed with the FFIEC.
Headquarters Profile
- Address
- 402 N 8th St, Manitowoc, WI 54220
- County
- Manitowoc
- Metro Area
- Manitowoc, WI
- Charter
- Commercial bank, national (federal) charter, Fed member, OCC-supervised
- Primary Regulator
- OCC
- FDIC Region
- Chicago (Region 9)
- Federal Reserve member
- Yes
- Federal Reserve district
- District 7, Chicago
- Fiduciary (trust) powers
- Full trust powers granted
- Call Report form
- FFIEC 041
- Established
- January 1, 1894
- Former names
- Bank First National (2007-2018)
- Offices
- 38 domestic
- Employees (FTE)
- 554
- Domestic deposits
- $5.03B
- Allowance for credit losses
- $56.0M
- Net charge-offs (YTD)
- $1.2M
- Average total assets
- $5.97B
- Average total loans
- $4.51B
- Average interest-bearing deposits
- $3.49B
- Tax status
- C corporation
- Ownership
- Stock
- Community bank
- Yes
- FDIC-insured since
- January 1, 1934
- FDIC Cert
- 5304
- Fed RSSD
- 594947
- SEC CIK
- 1746109 → filed by BANK FIRST CORPORATION
- Website
- www.bankfirst.com →
- Parent Holding Company
- BANK FIRST CORPORATION (RSSD 1208009) · BFC
Management
Senior officers at parent holding company, from SEC Form 3/4/5 disclosures
| Name | Role | Title |
|---|---|---|
| Michael B. Molepske | CEO | Chairman and CEO |
| Timothy J. Mcfarlane | PRES | President |
| Kevin M. Lemahieu | CFO | Chief Financial Officer |
| Meghann O. Kasper | CCO | Chief Credit Officer |
| Kelly M Dvorak | GC | Chief Legal Counsel |
Profitability
Q2 annualizedCapital & Liquidity
Balance Sheet
Income Statement
Operating & Funding
Rows tagged YTD are fiscal year to date through June 30, 2026, as filed. Net income is tagged Q2 because it is that quarter's own figure, not a running total, so it cannot be compared with a YTD row. ROA, ROE and net interest margin are the quarter's own income, annualized. The UBPR and FDIC annualize the year to date instead, so after the first quarter their figures differ from ours; where the UBPR has this quarter, its value is shown beside each as YTD. The UBPR's YTD ROA divides by the average of the quarterly average assets the bank reports on Schedule RC-K, while FDIC BankFind divides by the average of quarter-end total assets, so FDIC's ROA can differ from the YTD figure by a few hundredths of a point.
Quarterly trends
Last 12 quarters from this bank's own FFIEC call reports. Dollar figures are the quarter's own amount: the income statement is filed year to date, so those lines are shown net of the preceding quarter.
Balances at each quarter end. The gap between the two lines is equity capital.
Balances at each quarter end. Loans rising toward deposits is the loan-to-deposit ratio tightening.
Balances at each quarter end. Each line is its own balance, not stacked on the other.
Each bar is that quarter alone. The gap between the two is net interest income.
What the balance sheet earned on spread that quarter, before fees and operating costs.
Fees, trading and other income against salaries, premises and the rest of the cost base.
What the bank charged to earnings that quarter to build its allowance for expected losses.
Net income for the quarter alone. The Call Report reports it year to date; this series converts it to the single quarter, so each bar covers three months.
CET1 is common equity tier 1 as a share of risk-weighted assets; the leverage ratio is tier 1 capital as a share of average total assets. A bank that files the community bank leverage ratio reports no CET1 ratio, so only its leverage line appears.
Inside the full Bank First, N.A. terminal
26 years of quarterly trends · 8 tabs · peer percentiles · Excel export
Unlock Bank First, N.A., freeWatch flags
Automated conditions triggered on this bank's latest filing. Advisory only; see the source metric pages for full context. Each flag is tagged Regulatory when it cites an official supervisory threshold, or BRR analysis when it's our own band, informed by our data and models.
Commercial real estate loans are between 200% and 300% of total capital, approaching the 2006 interagency guidance threshold of 300% that triggers heightened supervisory attention. BankRegReports early-warning band below the 300% guidance.
Bank First, N.A. rankings
How this bank ranks on each leaderboard. Click any rank to see the full ranked list.
Ranked among banks that report this metric, so the total differs from card to card. The CET1 ranking leaves out community bank leverage ratio filers, which report no CET1 ratio.
Banks merged into Bank First, N.A.
- The First National Bank and Trust Company, effective January 1, 2026
Quarterly trend: last 8 quarters
Quarter-over-quarter movement in the five most-watched ratios. Sourced from the bank's own FFIEC call report filings.
| Quarter | CET1 | ROA | NPL | Texas | NIM |
|---|---|---|---|---|---|
| Q2 2026 | 10.93% | 1.70% | 0.56% | 4.87% | 4.14% |
| Q1 2026 | 10.95% | 1.37% | 0.59% | 5.33% | 3.94% |
| Q4 2025 | 11.17% | 1.71% | 0.25% | 1.99% | 4.05% |
| Q3 2025 | 10.99% | 1.69% | 0.38% | 3.09% | 3.93% |
| Q2 2025 | 11.03% | 1.57% | 0.38% | 3.08% | 3.71% |
| Q1 2025 | 10.99% | 1.64% | 0.19% | 1.73% | 3.61% |
| Q4 2024 | 11.06% | 1.65% | 0.24% | 2.16% | 3.64% |
| Q3 2024 | 11.04% | 1.61% | 0.32% | 2.78% | 3.79% |
Swipe the table sideways to see every column.
Branch Network
Every branch from the FDIC Summary of Deposits, listed with the deposits booked at each location. The FDIC's office count above also includes administrative and limited-service offices, so the two totals can differ. View all 38 branches →
| Branch | Location | ZIP | Deposits |
|---|---|---|---|
| Bank First, N.A. | Manitowoc , WI | 54220 | $539.9M |
| Sheboygan Branch | Sheboygan , WI | 53081 | $385.0M |
| Plymouth Branch | Plymouth , WI | 53073 | $291.5M |
| Bellevue Branch | Bellevue , WI | 54311 | $282.7M |
| The First National Bank and Trust Company Branch | Beloit , WI | 53511 | $243.7M |
| Denmark Branch | Denmark , WI | 54208 | $228.4M |
| Tomah Branch | Tomah , WI | 54660 | $225.8M |
| Old Walworth State Bank Branch | Walworth , WI | 53184 | $199.0M |
| Cedarburg Branch | Cedarburg , WI | 53012 | $180.3M |
| Fond Du Lac Branch | Fond Du Lac , WI | 54935 | $155.4M |
| Monroe Branch | Monroe , WI | 53566 | $142.9M |
| Custer Street Branch | Manitowoc , WI | 54220 | $136.6M |
| Wautoma Branch | Wautoma , WI | 54982 | $134.7M |
| Rockton Branch | Rockton , IL | 61072 | $131.9M |
| Waupaca Br | Waupaca , WI | 54981 | $124.4M |
| Bank First National Branch | Oshkosh , WI | 54902 | $117.5M |
| Inman Parkway Branch | Beloit , WI | 53511 | $109.8M |
| Reedsville Branch | Reedsville , WI | 54230 | $95.7M |
| Two Rivers Branch | Two Rivers , WI | 54241 | $94.1M |
| Poynette Branch | Poynette , WI | 53955 | $88.5M |
| Appleton Branch | Appleton , WI | 54913 | $87.9M |
| Kiel Branch | Kiel , WI | 53042 | $85.3M |
| Howard Branch | Green Bay , WI | 54303 | $84.0M |
| Mishicot Office Branch | Mishicot , WI | 54228 | $81.1M |
| Roscoe Branch | Roscoe , IL | 61073 | $76.8M |
Events & Regulatory History
Mergers, charter changes, enforcement actions, FDIC assistance, and (if applicable) failure events recorded against this institution. Click a year to see what else was happening across US banking that year.
| Date | Category | Event | Source |
|---|---|---|---|
| January 1, 2026 | Merger | Participated in Absorption/Consolidation/Merger | FDIC |
| January 1, 2026 | Structure Change | Acquired The First National Bank and Trust Company Charter Discontinued (Merger or Purchase & Assumption) for the acquired bank | FFIEC NIC |
| February 11, 2023 | Structure Change | Acquired Hometown Bank Charter Discontinued (Merger or Purchase & Assumption) for the acquired bank | FFIEC NIC |
| February 10, 2023 | Merger | Participated in Absorption/Consolidation/Merger | FDIC |
| August 13, 2022 | Structure Change | Acquired Denmark State Bank Charter Discontinued (Merger or Purchase & Assumption) for the acquired bank | FFIEC NIC |
| August 12, 2022 | Merger | Participated in Absorption/Consolidation/Merger | FDIC |
| May 16, 2020 | Structure Change | Acquired Timberwood Bank Charter Discontinued (Merger or Purchase & Assumption) for the acquired bank | FFIEC NIC |
| May 15, 2020 | Merger | Participated in Absorption/Consolidation/Merger | FDIC |
| July 13, 2019 | Structure Change | Acquired Partnership Bank Charter Discontinued (Merger or Purchase & Assumption) for the acquired bank | FFIEC NIC |
| July 12, 2019 | Merger | Participated in Absorption/Consolidation/Merger | FDIC |
| October 28, 2017 | Structure Change | Acquired First National Bank Charter Discontinued (Merger or Purchase & Assumption) for the acquired bank | FFIEC NIC |
| October 27, 2017 | Merger | Participated in Absorption/Consolidation/Merger | FDIC |
| January 1, 2000 | Structure Change | Acquired Dairy State Bank Charter Discontinued (Merger or Purchase & Assumption) for the acquired bank | FFIEC NIC |
| December 17, 1999 | Merger | Participated in Absorption/Consolidation/Merger | FDIC |
| October 1, 1985 | Merger | Participated in Absorption/Consolidation/Merger | FDIC |
| October 1, 1985 | Structure Change | Acquired St. Nazianz State Bank Charter Discontinued (Merger or Purchase & Assumption) for the acquired bank | FFIEC NIC |
| June 16, 1971 | Structure Change | Acquired State Bank of Francis Creek Charter Discontinued (Merger or Purchase & Assumption) for the acquired bank | FFIEC NIC |
| June 15, 1971 | Merger | Participated in Absorption/Consolidation/Merger | FDIC |
Sourced from the bank event history (FDIC, Federal Reserve NIC, OCC, and OTS). Showing the most recent 18 events, scroll the table for the full history.
Regulatory record
What the public regulatory sources show for Bank First, N.A., each with its period and source. These are facts as filed or published, not a rating or score. "Not on file" means we hold no record from that source, which is not the same as a clean record.
- Enforcement actions
- 4 against the institution (SEC Form 8-K)
- May 19, 2026, SEC Form 8-K: 8-K Item 1.01: written agreement
- July 18, 2025, SEC Form 8-K: 8-K Item 1.01: written agreement
- July 26, 2022, SEC Form 8-K: 8-K Item 1.01: written agreement
- January 19, 2022, SEC Form 8-K: 8-K Item 1.01: written agreement
- Period: Most recent institution action May 19, 2026. Source: FDIC, Federal Reserve and OCC enforcement releases.
- Deposit market share
- 2.3% of deposits in WI, rank 7 of 185 institutions
- Period: June 30, 2026. Source: FDIC Summary of Deposits.
- Mortgage lending (HMDA)
- 2,222 applications, 1,837 loans originated, $412.1M originated, across 18 states
- Period: Calendar year 2025. Source: FFIEC HMDA loan application register.
- SBA 7(a) lending
- 33 loans, $11.5M approved, $347K average. 0.00% of that year's loans have since been charged off
- Period: Federal fiscal year 2025 (October to September). Source: SBA 7(a) and 504 loan data (FOIA).
- Consumer complaints
- Not on file: no CFPB complaints matched
- Period: not on file. Source: CFPB consumer complaint database.
- CFPB enforcement
- Not on file: CFPB enforcement actions are not loaded
- Period: not on file. Source: CFPB enforcement actions.
- CRA examination rating
- Not on file: FFIEC CRA ratings are not loaded
- Period: not on file. Source: FFIEC CRA ratings.
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Frequently asked about Bank First, N.A.
What are Bank First, N.A.'s total assets?
As of the Q2 2026 filing, Bank First, N.A. reported total assets of $5.94 billion in its FFIEC call report. All figures come directly from the bank's quarterly Schedule RC filing.
Where is Bank First, N.A. headquartered?
Bank First, N.A. is headquartered in Manitowoc, WI, United States. It files quarterly FFIEC call reports, as every FDIC-insured commercial bank must.
When was Bank First, N.A. founded?
Bank First, N.A. was established in 1894, per the FDIC institution directory.
Is Bank First, N.A. FDIC-insured?
Yes. Bank First, N.A. is an FDIC-insured commercial bank (FDIC Certificate #5304). Deposits are insured up to $250,000 per depositor, per insured bank, for each account ownership category, per FDIC rules.
Who regulates Bank First, N.A.?
Bank First, N.A.'s primary federal regulator is the OCC. All FDIC-insured banks also report to the FDIC and, depending on charter, the Federal Reserve.
What is Bank First, N.A.'s CET1 capital ratio?
Bank First, N.A. reported a Common Equity Tier 1 (CET1) capital ratio of 10.93% in its Q2 2026 call report, above regulatory requirements.
How many branches does Bank First, N.A. operate?
Bank First, N.A. operates 38 domestic offices, per the FDIC institution directory. That count includes administrative and limited-service offices as well as full-service branches.
What is Bank First, N.A.'s Texas Ratio?
Bank First, N.A.'s Texas Ratio is 4.87% in its Q2 2026 call report, within the healthy range (under 25%). The Texas Ratio measures non-performing assets against the bank's capital and reserves; the glossary entry for the Texas Ratio carries the full definition.
What was Bank First, N.A. previously called?
The charter now named Bank First, N.A. has also operated as Bank First National (2007-2018), per FDIC structure-change records.
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