Bank First, N.A.
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Data as of · sourced from FFIEC call reports. How we update
Bank First, N.A. is an FDIC-insured commercial bank headquartered in Manitowoc, WI, established in 1894 (FDIC certificate 5304), and it is supervised by the OCC. At Q2 2026 it reported total assets of $5.94B, up 36.2% from Q2 2025, the 4th largest of 153 banks headquartered in Wisconsin. Its CET1 capital ratio was 10.93% at Q2 2026, above regulatory requirements.
- Charter
- Commercial bank
- Regulator
- OCC
- Deposit insurance
- FDIC
- FDIC certificate
- 5304
- Headquarters
- Manitowoc, WI
- Established
- 1894
- Total assets, Q2 2026
- $5.94B
- Assets vs Q2 2025
- +36.2%
- CET1 ratio, Q2 2026
- 10.93%
- Domestic offices
- 38 FDIC institution directory, current count
- Routing number
- 075901134
- Latest call report
- Q2 2026, FFIEC 041 · Bank First, N.A. call report
- Holding company
- BANK FIRST CORPORATION
- Asset rank in state
- 4th of 153 in Wisconsin
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%. The figures come from its call report filed with the FFIEC.
Bank First, N.A. ranks as the 4th largest of the 153 banks based in Wisconsin, by total assets at Q2 2026. Between Q1 2026 and Q2 2026, its total assets fell 2.0% to $5.94B, loans were flat and deposits fell 2.0%. 1-4 family residential loans made up 24.4% of its total loans on June 30, 2026, its largest category; next came owner-occupied commercial real estate loans at 18.3%. The FDIC Summary of Deposits lists 38 offices for it, in 36 cities across 2 states; its Manitowoc 2 offices book 13% of its branch deposits. On its Q2 2026 call report, Bank First, N.A. meets every capital ratio test for well capitalized.
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)
- Domestic offices
- 38 FDIC institution directory, current count
- 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
Ratios tagged annualized use the Q2 income alone. The UBPR and FDIC annualize the year to date instead. FDIC BankFind divides by the average of quarter-end total assets, the UBPR by RC-K average assets. The YTD margin is the UBPR's tax-equivalent figure over its own average earning assets; FDIC BankFind's margin is not tax-equivalent. How we compute these figures
Quarterly trends
Over the 12 quarters to Q2 2026, Bank First, N.A.'s total assets ran between $4.09B (Q3 2023) and $6.06B (Q1 2026), and it earned a profit in all 12 quarters. The line under each chart compares Q2 2026 with Q2 2025. How these charts are built
$5.94B total assets against $4.36B; $5.14B total liabilities against $3.77B.
$4.47B net loans and leases against $3.54B; $5.03B total deposits against $3.63B.
$608.4M securities against $276.7M; $264.6M cash and balances due against $118.4M.
$75.7M total interest income against $54.6M; $20.3M total interest expense against $17.7M.
$55.5M net interest income against $36.9M.
$9.8M total noninterest income against $5.0M; $33.7M total noninterest expense against $20.4M.
$0 provision for credit losses against $200K.
$25.4M net income against $17.4M.
1.70% return on assets against 1.57%; 4.14% net interest margin against 3.71%.
10.93% CET1 capital ratio against 11.03%; 9.27% tier 1 leverage ratio against 9.66%.
Inside the full Bank First, N.A. terminal
21 quarters of trends · 8 tabs · peer percentiles · watchlist alerts
Unlock this bank, 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
Its closest position to the top of a national ranking is 248 of 4,196, for total assets; its furthest is 1,975 of 2,134, for 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
Across the 8 quarters to Q2 2026, its return on assets ran from 1.37% (Q1 2026) to 1.71% (Q4 2025) and its net interest margin ran from 3.61% (Q1 2025) to 4.14% (Q2 2026).
| 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
View all 38 branches → Branch count from the FDIC Summary of Deposits, June 30, 2026. The domestic office count above is the FDIC's current figure, so the two can differ.
| 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
Facts as filed or published, not a rating.
- 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).
- Not on file
- Consumer complaints, CFPB enforcement, CRA examination rating. No record from these sources, which is not the same as a clean record. Sources
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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.
Where is Bank First, N.A. headquartered?
It is headquartered in Manitowoc, WI, United States.
When was Bank First, N.A. founded?
It was established in 1894, per the FDIC institution directory.
Is Bank First, N.A. FDIC-insured?
Yes. It 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.
What is Bank First, N.A.'s CET1 capital ratio?
It 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?
It 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?
Its Texas Ratio is 4.87% in its Q2 2026 call report, within the healthy range (at or below 50%, the level at which problem assets reach half of the capital cushion). The Texas Ratio measures non-performing assets against the bank's capital and reserves.
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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