Bank First, N.A.

Headquarters

402 N 8th St
Manitowoc, WI 54220
See all branch locations →

Notable Rates APY Vs.Others
Savings 0.15% 0.91% →
1-Year CD 0.65% 0.85% →
2-Year CD 0.70% 0.95% →
5-Year CD 0.85% 1.30% →
30-Year Mortgage 3.79% 2.61% →
15-Year Mortgage 3.18% 2.31% →
HELOC N.A. 2.79% →

2020 Overview

General Bank Information

Bank First, N.A. is an FDIC insured institution located in Manitowoc, WI. It was founded in 1894 and has approximately $2.2 billion in assets. Customers can open an account at one of its 19 branches.

FDIC Insured Yes
FDIC Certificate # 5304
Date Established 1894
Assets $ 2.20 billion
Loans $ 1,754.93 million
Deposits $ 1,847.45 million
Capital $ 263.16 million
 

For a more detailed analysis of Bank First, N.A.'s financial condition and a description of what these numbers mean, please visit the Financial Details section.

Deposit Rates - December 2, 2020

Your Current Location: Virginia, VA 20146

Savings and Money Market Rates APY MIN MAX
Savings
0.15% $2,500 $4,999 Learn More
Money Market
0.20% $2,500 $2,999 Learn More
Money Market
0.35% $10,000 $14,999 Learn More
Money Market
0.35% $25,000 $29,999 Learn More
CD Rates APY MIN MAX
6 Mo CD
0.20% $10,000 $14,999 Learn More
6 Mo CD
0.20% $100,000 $199,999 Learn More
12 Mo CD
0.65% $10,000 $14,999 Learn More
12 Mo CD
0.65% $100,000 $199,999 Learn More
18 Mo CD
0.65% $10,000 $14,999 Learn More
18 Mo CD
0.65% $100,000 $199,999 Learn More
24 Mo CD
0.70% $10,000 $14,999 Learn More
24 Mo CD
0.70% $100,000 $199,999 Learn More
30 Mo CD
0.70% $10,000 $14,999 Learn More
30 Mo CD
0.70% $100,000 $199,999 Learn More
36 Mo CD
0.75% $10,000 $14,999 Learn More
36 Mo CD
0.75% $100,000 $199,999 Learn More
48 Mo CD
0.80% $10,000 $14,999 Learn More
48 Mo CD
0.80% $100,000 $199,999 Learn More
60 Mo CD
0.85% $10,000 $14,999 Learn More
60 Mo CD
0.85% $100,000 $199,999 Learn More

Variable IRA Rates APY MIN MAX
Var IRA
0.10% $1 $499 Learn MoreShow Less
Int Checking Rates APY MIN MAX
Int Ckg
0.10% $1 $99 Learn MoreShow Less
Int Ckg
0.15% $2,500 $3,499 Learn MoreShow Less
 

Loan Rates - December 2, 2020

Your Current Location: Virginia, VA 20146

Home Equity Rates APR Rate Monthly Payment
Refinance Mortgage Rates APR Rate Monthly Payment
Purchase Mortgage Rates APR Rate Monthly Payment

Monthly payments for mortgage products are based on a loan amount of $200,000. Home equity monthly payments are based on a loan amount of $50,000. Auto loan monthly payments are based on a loan amount of $25,000. Rates for each product are based on a variety of factors including credit score and loan amount. For specific requirements please check with the lender. Rates may change at any time.

Branches

Bank First, N.A. branches and locations in your neighborhood. Input a different zip code to find branches and locations for any neighborhood in the United States.

Your Location:
Ashburn,Virginia


Bank First, N.A. Locations


Financial Details

Bank First, N.A. Ratio Analysis

The following ratios and data are available to help you better understand the financial condition of Bank First, N.A.. The data is provided by the FDIC. All banks listed on BestCashCow.com are FDIC-insured. No depositor has ever lost deposits that have been within the FDIC insurance limits.

Texas Ratio
Bank First, N.A. U.S. Bank Average
3.68% 6.94%

The Texas Ratio compares the bank’s non performing assets (non-performing loans and real estate owned) with its tangible common equity and its loan loss reserves. A lower Texas ratio indicates better coverage of problem loans. The closer the Texas Ratio is to 1-to-1 or 100%, the less capital and reserves a bank has to absorb its loan losses.

As of March 31, 2020, Bank First, N.A. had $7,389,000 in non-current loans and $2,782,000 in owned real estate. To cover these potential losses it had $263,156,000 in equity and $12,967,000 in loans loss reserves. That gives it a Texas Ratio of 3.68%.

Return on Equity
Bank First, N.A. U.S. Bank Average
12.96% 7.80%

Bank First, N.A. has a Return on Equity of 12.96% versus the BestCashCow average of 7.80%. Return on equity measures how efficiently a bank is making money from its capital. A bank with a consistently high ROE can be considered well run. A bank with a consistently low ROE can be considered poorly run.

Capitalization
Bank First, N.A. U.S. Bank Average
11.97% 12.68%

Bank First, N.A. has a Capitalization of 11.97% versus the BestCashCow average of 12.68. Capitalization measures how much equity capital a bank has to underpin loans and other assets on its balance sheet. The higher the capitalization number the more secure a bank is considered.

Bank First, N.A. Balance Sheet Analysis

As of March 31, 2020, Bank First, N.A. had assets of $2,198,566,000, loans of $1,754,933,000, and deposits of $1,847,447,000. Long-term increases in deposits shows a bank's ability to raise funds to grow its loans and assets. Loan and asset growth may rise or fall depending on a bank's strategy for growth. Sharp rises and falls in assets, deposits, and loans can be problematic, indicating a loosening of lending standards, or financial distress leading to reduced lending. A big change in these figured can also be from a bank acquisition or merger.

Summary Balance Sheet

March 31, 2020
ASSETS
Cash & Balances due from depository institutions $ 27.35 million
Interest-bearing balances $ 0.56 million
Total securities $ 215.80 million
Federal funds sold and reverse repurchase $ 25.94 million
Net loans and leases $ 1,754.93 million
Loan loss allowance $ 12.97 million
Trading account assets N.A.
Bank premises and fixed assets N.A.
Other real estate owned $ 2.78 million
Goodwill and other intangibles $ 52.79 million
All other assets $ 82.36 million
     Total Assets $ 1,935.41 million
LIABILITIES
Total deposits $ 1,847.45 million
      Interest-bearing deposits $ 1,370.60 million
      Deposits held in domestic offices $ 1,847.45 million
      % insured (estimated) 73.88%
Federal funds purchased and repurchase agreements $ 35.79 million
Trading liabilities N.A.
Other borrowed funds $ 38.79 million
Subordinated debt N.A.
All other liabilities $ 13.39 million
      Total Liabilities $ 1,935.41 million
      Shareholders’ Equity $ 263.16 million

Summary Income Statement

March 31, 2020
INCOME AND EXPENSES
Total Interest Income $ 23.30 million
Total Interest Expense $ 4.42 million
Net interest income $ 18.88 million
Provision for loan and lease losses $ 0.98 million
Total non interest income $ 3.89 million
Total non interest expense $ 11.43 million
Pre-tax Net Operating Income $ 10.36 million

Bank Loan Profile?

The top three loan types in Bank First, N.A.’s loan portfolio are Commercial Real Estate, 1-4 Family Residential Loans, and Commercial and Industrial Loans.

Compared to other banks in Wisconsin, Bank First, N.A. has a significantly higher percent of Small Business Loans on its balance sheet, potentially indicating a specialty in that lending area.

Note: Percentages may not sum to 100% due to rounding and double categorization of some loan types. All data from the FDIC. Additional information about this table.

%
Loans
%
Comparison to Other Banks
 Low   Med   High 
1-4 Family Residential Loans 25.36
Multifamily
Mortgages
6.58
Credit Card Loans 0.12
Consumer Auto Loans 0.81
Small Business Loans 12.22
Construction and Development Loans 8.03
Commercial Real Estate 36.80
Commercial and Industrial Loans 16.15
Farm Loans 1.21

Frequently Asked Questions About Bank First, N.a.

Branches and Savings

Is Bank First, N.a. FDIC insured?

Yes. It is covered under FDIC Certificate #5304.

Why does Bank First, N.a. pay such low interest on savings accounts?

See the best online savings rates here. See the best local savings rates here.

Why are Bank First, N.a. CD rates not competitive?

See the best online CD rates here. See the best local CD rates here.

Is Bank First, N.a. a commercial bank?

Yes

Where are Bank First, N.a. locations?

See branch locations nearby.

Is Bank First, N.a. open on Saturdays?

Is Bank First, N.a. open on Sundays?

What time does Bank First, N.a. open?

What time does Bank First, N.a. close?

Are Bank First, N.a. ATMs Open 24/7?

Do Bank First, N.a. ATMs accept cash deposits?

Can Bank First, N.a. customers use other ATMs?

Do Bank First, N.a. branches have notaries?

Will Bank First, N.a. notarize my document?

What address for Bank First, N.a. should I put for incoming ACH transfers?

Will the Bank First, N.a. branch print checks?

Do Bank First, N.a. checks expire?

Does Bank First, N.a. require US citizenship to open account?

Can Bank First, N.a. close my account?

Does Bank First, N.a. Report to credit bureaus?

Does Bank First, N.a. Use Equifax?

What is Bank First, N.a.'s ACH Routing Number?

What is Bank First, N.a.'s SWIFT code?

Products

Does Bank First, N.a. offer mortgages?

Compare mortgage rates here.

Does Bank First, N.a. offer home equity lines of credit and home equity loans?

Compare home equity lines of credit rates here.

Does Bank First, N.a. offer personal loans?

Compare personal loan rates here.

Does Bank First, N.a. offer student loans?

Will Bank First, N.a. cash a check?

Will Bank First, N.a. redeem a savings bond?

Does Bank First, N.a. cash savings bonds?

Will Bank First, N.a. cash money orders?

Can Bank First, N.a. issue a money order?

Does Bank First, N.a. do currency exchange?

Background on The Bank

Who owns Bank First, N.a.?

How long has Bank First, N.a. been around?

Can Bank First, N.a. transfer to other banks?

Does Bank First, N.a. have quick pay?

Does Bank First, N.a. accept rolled coins?

Will Bank First, N.a. accept loose change?

Where is Bank First, N.a. headquarters?

Customer Reviews for Bank First, N.A.

There are currently no comments for Bank First, N.A.. Be the first to share your experience. Please provide comments that will help others.

Add Your Review

Rate it here →