Flatwater Bank
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Data as of · sourced from FFIEC call reports. How we update
Flatwater Bank is an FDIC-insured commercial bank headquartered in Gothenburg, NE, established in 1902 (FDIC certificate 10639), and it is supervised by the FDIC. At Q2 2026 it reported total assets of $367.7M, up 14.5% from Q2 2025, the 55th largest of 138 banks headquartered in Nebraska. It reports no CET1 ratio; its Tier 1 leverage ratio was 9.38% at Q2 2026, above the 9% community bank leverage ratio requirement for being considered well capitalized.
- Charter
- Commercial bank
- Regulator
- FDIC
- Deposit insurance
- FDIC
- FDIC certificate
- 10639
- Headquarters
- Gothenburg, NE
- Established
- 1902
- Total assets, Q2 2026
- $367.7M
- Assets vs Q2 2025
- +14.5%
- Tier 1 leverage ratio, Q2 2026
- 9.38%
- Domestic offices
- 3 FDIC institution directory, current count
- Routing number
- 104901607
- Holding company
- WILLIAMS FINANCIAL CORP.
- Asset rank in state
- 55th of 138 in Nebraska
Problem loans are rising at Flatwater Bank. Its balance sheet stood at $368 million at June 30, 2026, up 14.5% from a year earlier; it is based in Gothenburg, Nebraska. Loans on nonaccrual or 90 or more days past due, net of government guarantees, rose to 1.76% of loans from 0.05% a year earlier. It carries problem assets equal to 15.3% of the capital and reserves that would absorb them, 5.8 times the median of 2.6% for the 2,660 banks with $100 million to $1 billion in assets. It also grew deposits 21.0% over the year, 5.2 times the median of 4.0% for banks its size.
The commercial and industrial book ($33 million) is worsening: 11.17% of it is past due or on nonaccrual, up from 0.87% a year earlier. Deposits are coming in faster than loans: over the year loans rose 10.9% and deposits rose 21.0%. Where it has less room is capital: it funds 9.38% of its assets with Tier 1 capital, lower than about three-quarters of banks its size (median 10.99%).
As of June 30, 2026, Flatwater Bank reported a return on assets of 1.54%, a nonperforming-loan ratio of 1.76% and a Texas ratio of 15.34%. The figures come from its call report filed with the FFIEC.
Of the 138 banks headquartered in Nebraska, Flatwater Bank is the 55th largest by total assets at Q2 2026. Between Q1 2026 and Q2 2026, its total assets rose 6.1% to $367.7M, loans rose 7.5% and deposits rose 3.2%. Its loan book on June 30, 2026 was led by agricultural production loans, at 46.7% of total loans, followed by farmland and other real estate loans at 15.8%. The FDIC Summary of Deposits lists 3 offices for it, in Gothenburg, NE, Ansley, NE and Brady, NE; its Gothenburg office books 90% of its branch deposits. On its Q2 2026 call report, Flatwater Bank meets the community bank leverage ratio test for well capitalized.
Headquarters Profile
- Address
- 900 Lake Ave, Gothenburg, NE 69138
- County
- Dawson
- Metro Area
- Lexington, NE
- Charter
- Commercial bank, state charter, Fed non-member, FDIC-supervised
- Primary Regulator
- FDIC
- FDIC Region
- Kansas City (Region 11)
- Federal Reserve member
- No
- Federal Reserve district
- District 10, Kansas City
- Fiduciary (trust) powers
- Full trust powers granted
- Call Report form
- FFIEC 051
- Established
- May 1, 1902
- Former names
- Gothenburg State Bank (2010-2019); The Gothenburg State Bank and Trust Company (1973-2010)
- Domestic offices
- 3 FDIC institution directory, current count
- Employees (FTE)
- 39
- Domestic deposits
- $320.8M
- Allowance for credit losses
- $3.8M
- Net charge-offs (YTD)
- $31K
- Average total assets
- $348.6M
- Average total loans
- $267.1M
- Average interest-bearing deposits
- $277.3M
- Tax status
- Subchapter S
- Ownership
- Stock
- Community bank
- Yes
- FDIC-insured since
- January 1, 1934
- FDIC Cert
- 10639
- Fed RSSD
- 493152
- SEC CIK
- 1846923 → filed by WILLIAMS FINANCIAL CORP.
- Website
- www.flatwater.bank →
- Parent Holding Company
- WILLIAMS FINANCIAL CORP. (RSSD 1053311)
Profitability
Q2 annualizedBalance 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. As a community bank leverage ratio filer, Flatwater Bank reports no risk-based capital ratios; its Tier 1 leverage ratio applies. How we compute these figures
Quarterly trends
Over the 12 quarters to Q2 2026, Flatwater Bank's total assets ran between $258.4M (Q3 2023) and $367.7M (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
$367.7M total assets against $321.1M; $337.9M total liabilities against $293.7M.
$271.8M net loans and leases against $245.2M; $320.8M total deposits against $265.2M.
$57.3M securities against $51.2M; $20.9M cash and balances due against $7.1M.
$5.1M total interest income against $4.6M; $1.9M total interest expense against $1.8M.
$3.2M net interest income against $2.8M.
$639K total noninterest income against $627K; $2.2M total noninterest expense against $1.8M.
$300K provision for credit losses against $109K.
$1.3M net income against $1.5M.
1.54% return on assets against 1.99%; 3.83% net interest margin against 3.82%.
9.38% tier 1 leverage ratio against 10.15%.
Inside the full Flatwater Bank terminal
21 quarters of trends · 8 tabs · peer percentiles · watchlist alerts
Unlock this bank, freeFlatwater Bank rankings
Its closest position to the top of a national ranking is 299 of 3,640, for Texas Ratio; its furthest is 2,170 of 4,196, for total assets.
Quarterly trend: last 8 quarters
Across the 8 quarters to Q2 2026, its return on assets ran from 0.30% (Q4 2024) to 1.99% (Q2 2025) and its net interest margin ran from 3.19% (Q1 2026) to 3.83% (Q2 2026).
| Quarter | Leverage | ROA | NPL | Texas | NIM |
|---|---|---|---|---|---|
| Q2 2026 | 9.38% | 1.54% | 1.76% | 15.34% | 3.83% |
| Q1 2026 | 9.22% | 1.04% | 2.38% | 19.92% | 3.19% |
| Q4 2025 | 9.49% | 0.64% | 1.49% | 12.81% | 3.66% |
| Q3 2025 | 9.67% | 1.75% | 0.04% | 0.32% | 3.81% |
| Q2 2025 | 10.15% | 1.99% | 0.05% | 0.46% | 3.82% |
| Q1 2025 | 9.96% | 1.72% | 0.37% | 3.10% | 3.46% |
| Q4 2024 | 9.62% | 0.30% | 0.14% | 1.33% | 3.43% |
| Q3 2024 | 9.85% | 1.41% | 0.08% | 0.68% | 3.40% |
Swipe the table sideways to see every column.
Branch Network
View all 3 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 |
|---|---|---|---|
| Flatwater Bank (main office) | Gothenburg , NE | 69138 | $288.0M |
| Ansley Branch | Ansley , NE | 68814 | $16.8M |
| Brady Branch | Brady , NE | 69123 | $16.1M |
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 |
|---|---|---|---|
| September 2, 1999 | Structure Change | Acquired Bank of Brady Charter Discontinued (Merger or Purchase & Assumption) for the acquired bank | FFIEC NIC |
| September 1, 1999 | Merger | Participated in Absorption/Consolidation/Merger | FDIC |
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
- 0.3% of deposits in NE, rank 60 of 160 institutions
- Period: June 30, 2026. Source: FDIC Summary of Deposits.
- SBA 7(a) lending
- 1 loans, $149K approved, $149K average. 0.00% of that year's loans have since been charged off
- Period: Federal fiscal year 2012 (October to September). Source: SBA 7(a) and 504 loan data (FOIA).
- Not on file
- Enforcement actions, Mortgage lending (HMDA), 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 Flatwater Bank
What are Flatwater Bank's total assets?
As of the Q2 2026 filing, Flatwater Bank reported total assets of $367.7 million in its FFIEC call report.
Where is Flatwater Bank headquartered?
It is headquartered in Gothenburg, NE, United States.
When was Flatwater Bank founded?
It was established in 1902, per the FDIC institution directory.
Is Flatwater Bank FDIC-insured?
Yes. It is an FDIC-insured commercial bank (FDIC Certificate #10639). Deposits are insured up to $250,000 per depositor, per insured bank, for each account ownership category, per FDIC rules.
Who regulates Flatwater Bank?
Flatwater Bank's primary federal regulator is the FDIC.
How many branches does Flatwater Bank operate?
It operates 3 domestic offices, per the FDIC institution directory. That count includes administrative and limited-service offices as well as full-service branches.
What is Flatwater Bank's Texas Ratio?
Its Texas Ratio is 15.34% 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 Flatwater Bank previously called?
The charter now named Flatwater Bank has also operated as Gothenburg State Bank (2010-2019), The Gothenburg State Bank and Trust Company (1973-2010), per FDIC structure-change records.
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