First Business Bank
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Data as of · sourced from FFIEC call reports. How we update
First Business Bank is an FDIC-insured commercial bank headquartered in Madison, WI, established in 1909 (FDIC certificate 15229), and it is supervised by the FDIC. At Q2 2026 it reported total assets of $4.41B, up 10.1% from Q2 2025, the 7th largest of 153 banks headquartered in Wisconsin. Its CET1 capital ratio was 11.17% at Q2 2026, above regulatory requirements.
- Charter
- Commercial bank
- Regulator
- FDIC
- Deposit insurance
- FDIC
- FDIC certificate
- 15229
- Headquarters
- Madison, WI
- Established
- 1909
- Total assets, Q2 2026
- $4.41B
- Assets vs Q2 2025
- +10.1%
- CET1 ratio, Q2 2026
- 11.17%
- Domestic offices
- 5 FDIC institution directory, current count
- Routing number
- 075905787
- Holding company
- FIRST BUSINESS FINANCIAL SERVICES, INC.
- Asset rank in state
- 7th of 153 in Wisconsin
First Business Bank leans heavily on commercial real estate. The Madison, Wisconsin bank had $4.4 billion in assets at June 30, 2026, up 10.1% from a year earlier. It holds commercial real estate loans worth 3.4 times its capital, higher than about three-quarters of the 895 banks with $1 billion to $10 billion in assets (median 2.2 times). It also holds common equity equal to 11.17% of its risk-weighted assets, lower than about three-quarters of banks its size (median 13.52%).
Earnings jumped: net income for the quarter was $17 million, 34% above the same quarter a year earlier. Problem loans, meaning loans on nonaccrual or 90 or more days past due, net of government guarantees, rose to 1.05% of loans from 0.81% a year earlier. Credit is the area to watch: it carries problem assets equal to 7.9% of the capital and reserves that would absorb them, about double the median of 3.6% for banks its size.
As of June 30, 2026, First Business Bank reported a CET1 capital ratio of 11.17%, a return on assets of 1.54%, a nonperforming-loan ratio of 1.06% and a Texas ratio of 7.91%. The figures come from its call report filed with the FFIEC.
Of the 153 banks headquartered in Wisconsin, First Business Bank is the 7th largest by total assets at Q2 2026. From Q1 2026 to Q2 2026, its total assets rose 2.1% to $4.41B, loans rose 1.8% and deposits rose 0.7%. Its loan book on June 30, 2026 was led by commercial and industrial loans, at 35.7% of total loans, followed by non-owner-occupied commercial real estate loans at 21.2%. The FDIC Summary of Deposits lists 4 offices for it, in 4 cities across 2 states; its Madison office books 79% of its branch deposits. Judged on its Q2 2026 call report, First Business Bank meets every capital ratio test for well capitalized.
Headquarters Profile
- Address
- 401 Charmany Dr, Madison, WI 53719
- County
- Dane
- Metro Area
- Madison, WI
- Charter
- Commercial bank, state charter, Fed non-member, FDIC-supervised
- Primary Regulator
- FDIC
- FDIC Region
- Chicago (Region 9)
- Federal Reserve member
- No
- Federal Reserve district
- District 7, Chicago
- Fiduciary (trust) powers
- Full trust powers granted
- Call Report form
- FFIEC 041
- Established
- May 1, 1909
- Former names
- First Business Bank of Madison (1990-1996)
- Domestic offices
- 5 FDIC institution directory, current count
- Employees (FTE)
- 347
- Domestic deposits
- $3.60B
- Allowance for credit losses
- $37.4M
- Net charge-offs (YTD)
- $3.2M
- Average total assets
- $4.31B
- Average total loans
- $3.54B
- Average interest-bearing deposits
- $3.76B
- Tax status
- C corporation
- Ownership
- Stock
- Community bank
- No
- FDIC-insured since
- January 1, 1934
- FDIC Cert
- 15229
- Fed RSSD
- 537449
- SEC CIK
- 1521951 → filed by FIRST BUSINESS FINANCIAL SERVICES, INC.
- Website
- http://www.firstbusiness.bank →
- Parent Holding Company
- FIRST BUSINESS FINANCIAL SERVICES, INC. (RSSD 1247428) · FBIZ
Management
Senior officers at parent holding company, from SEC Form 3/4/5 disclosures
| Name | Role | Title |
|---|---|---|
| David R. Seiler | CEO | President and CEO |
| Brian D. Spielmann | CFO | CFO |
| Laura M. Garcia | CRO | Chief Risk Officer |
| Bradley A Quade | CCO | Chief Credit Officer |
| Daniel Ovokaitys | CIO | Chief Information Officer |
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
From Q3 2023 to Q2 2026, First Business Bank's total assets ranged from $3.42B (Q3 2023) to $4.41B (Q2 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
$4.41B total assets against $4.00B; $3.96B total liabilities against $3.61B.
$3.55B net loans and leases against $3.23B; $3.60B total deposits against $3.31B.
$414.4M securities against $388.1M; $163.4M cash and balances due against $123.2M.
$65.0M total interest income against $61.3M; $26.0M total interest expense against $26.6M.
$39.0M net interest income against $34.7M.
$8.9M total noninterest income against $7.2M; $27.7M total noninterest expense against $24.7M.
$2.0M provision for credit losses against $2.6M.
$16.6M net income against $12.4M.
1.54% return on assets against 1.26%; 3.82% net interest margin against 3.72%.
11.17% CET1 capital ratio against 11.12%; 10.37% tier 1 leverage ratio against 10.16%.
Inside the full First Business Bank 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 exceed 300% of total capital, the threshold at which the 2006 interagency guidance flags a bank for heightened supervisory scrutiny. CRE concentration has been the central stress vector for regional banks since 2023. 2006 Interagency CRE Concentration Guidance (SR 07-1).
First Business Bank rankings
Its closest position to the top of a national ranking is 309 of 4,196, for total assets; its furthest is 1,918 of 2,134, for CET1 ratio.
Quarterly trend: last 8 quarters
Across the 8 quarters to Q2 2026, its return on assets ran from 1.26% (Q2 2025) to 1.54% (Q2 2026) and its net interest margin ran from 3.59% (Q4 2025) to 3.82% (Q4 2024).
| Quarter | CET1 | ROA | NPL | Texas | NIM |
|---|---|---|---|---|---|
| Q2 2026 | 11.17% | 1.54% | 1.06% | 7.91% | 3.82% |
| Q1 2026 | 11.04% | 1.28% | 1.15% | 8.43% | 3.61% |
| Q4 2025 | 11.16% | 1.30% | 1.29% | 9.29% | 3.59% |
| Q3 2025 | 11.08% | 1.54% | 0.70% | 4.88% | 3.73% |
| Q2 2025 | 11.12% | 1.26% | 0.88% | 6.24% | 3.72% |
| Q1 2025 | 11.10% | 1.29% | 0.75% | 5.29% | 3.74% |
| Q4 2024 | 10.91% | 1.53% | 0.91% | 6.53% | 3.82% |
| Q3 2024 | 10.54% | 1.31% | 0.63% | 4.53% | 3.71% |
Swipe the table sideways to see every column.
Branch Network
View all 4 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 |
|---|---|---|---|
| First Business Bank (main office) | Madison , WI | 53719 | $2.85B |
| Brookfield Branch | Brookfield , WI | 53045 | $490.1M |
| First Business Bank Branch | Leawood , KS | 66211 | $158.0M |
| First Business Bank (main office) | Appleton , WI | 54914 | $94.8M |
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 |
|---|---|---|---|
| June 1, 2017 | Merger | Participated in Absorption/Consolidation/Merger | FDIC |
| June 1, 2017 | Structure Change | Acquired Alterra Bank Charter Discontinued (Merger or Purchase & Assumption) for the acquired bank | FFIEC NIC |
Sourced from the bank event history (FDIC, Federal Reserve NIC, OCC, and OTS). Showing the most recent 2 events.
Regulatory record
Facts as filed or published, not a rating.
- Deposit market share
- 1.7% of deposits in WI, rank 11 of 185 institutions
- Period: June 30, 2026. Source: FDIC Summary of Deposits.
- Mortgage lending (HMDA)
- 46 applications, 37 loans originated, $191.3M originated, across 7 states
- Period: Calendar year 2025. Source: FFIEC HMDA loan application register.
- SBA 7(a) lending
- 44 loans, $58.3M approved, $1.3M 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
- Enforcement actions, 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 First Business Bank
What are First Business Bank's total assets?
As of the Q2 2026 filing, First Business Bank reported total assets of $4.41 billion in its FFIEC call report.
Where is First Business Bank headquartered?
It is headquartered in Madison, WI, United States.
When was First Business Bank founded?
It was established in 1909, per the FDIC institution directory.
Is First Business Bank FDIC-insured?
Yes. It is an FDIC-insured commercial bank (FDIC Certificate #15229). Deposits are insured up to $250,000 per depositor, per insured bank, for each account ownership category, per FDIC rules.
Who regulates First Business Bank?
First Business Bank's primary federal regulator is the FDIC.
What is First Business Bank's CET1 capital ratio?
It reported a Common Equity Tier 1 (CET1) capital ratio of 11.17% in its Q2 2026 call report, above regulatory requirements.
How many branches does First Business Bank operate?
It operates 5 domestic offices, per the FDIC institution directory. That count includes administrative and limited-service offices as well as full-service branches.
What is First Business Bank's Texas Ratio?
Its Texas Ratio is 7.91% 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 First Business Bank previously called?
The charter now named First Business Bank has also operated as First Business Bank of Madison (1990-1996), per FDIC structure-change records.
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