Bank First, N.A.


402 N 8th St
Manitowoc, WI 54220
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Notable Rates APY Vs.Others
Savings N.A. 6.25% →
1-Year CD N.A. 5.25% →
2-Year CD N.A. 5.00% →
5-Year CD N.A. 4.67% →
30-Year Mortgage 7.29% 0.00% →
15-Year Mortgage 6.68% 0.00% →
HELOC 5.75% 0.99% →

2023 Overview

General Bank Information

Bank First, N.A. is an FDIC insured institution located in Manitowoc, WI. It was founded in 0000 and has approximately $3.66 billion in assets. Customers can open an account at one of its 19 branches.

FDIC Insured Yes
FDIC Certificate # 5304
Date Established 0000
Assets $ 3.66 billion
Loans $ 2.87 billion
Deposits $ 3.07 billion
Capital $ 461.10 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 - June 7, 2023

Your Current Location: Virginia, VA 20146

Checking Rates APY MIN FEE
First Rate Checking 0.20% $0 $0.00 Learn MoreShow Less

Loan Rates - June 7, 2023

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.


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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 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
1.33% 4.09%

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 December 31, 2022, Bank First, N.A. had $3,901,000 in non-current loans and $2,520,000 in owned real estate. To cover these potential losses it had $461,101,000 in equity and $22,680,000 in loans loss reserves. That gives it a Texas Ratio of 1.33%.

Return on Equity
Bank First, N.A. U.S. Bank Average
12.5% 10.02%

Bank First, N.A. has a Return on Equity of 12.5% versus the BestCashCow average of 10.02%. 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.

Bank First, N.A. U.S. Bank Average
12.6% 10.44%

Bank First, N.A. has a Capitalization of 12.6% versus the BestCashCow average of 10.44. 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 December 31, 2022, Bank First, N.A. had assets of $3,658,116,000, loans of $2,871,946,000, and deposits of $3,074,941,000. 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

December 31, 2022
Cash & Balances due from depository institutions $ 117.85 million
Interest-bearing balances $ 68.79 million
Total securities $ 348.31 million
Federal funds sold and reverse repurchase $ 0.01 million
Net loans and leases $ 2.87 billion
Loan loss allowance $ 22.68 million
Trading account assets N.A.
Bank premises and fixed assets N.A.
Other real estate owned $ 2.52 million
Goodwill and other intangibles $ 136.62 million
All other assets $ 110.10 million
     Total Assets $ 3.20 billion
Total deposits $ 3.07 billion
      Interest-bearing deposits $ 2.13 billion
      Deposits held in domestic offices $ 3.07 billion
      % insured (estimated) 78.76%
Federal funds purchased and repurchase agreements $ 97.20 million
Trading liabilities N.A.
Other borrowed funds $ 1.74 million
Subordinated debt N.A.
All other liabilities $ 9.20 million
      Total Liabilities $ 3.20 billion
      Shareholders’ Equity $ 461.10 million

Summary Income Statement

December 31, 2022
Total Interest Income $ 116.53 million
Total Interest Expense $ 11.40 million
Net interest income $ 105.13 million
Provision for loan and lease losses $ 2.20 million
Total non interest income $ 19.85 million
Total non interest expense $ 59.94 million
Pre-tax Net Operating Income $ 30.16 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, Bank First, N.A.’s loan portfolio does not show any specific loan specialty.

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.

Comparison to Other Banks
 Low   Med   High 
1-4 Family Residential Loans 21.50
Credit Card Loans 0.11
Consumer Auto Loans 0.59
Small Business Loans 9.29
Construction and Development Loans 5.52
Commercial Real Estate 27.55
Commercial and Industrial Loans 12.21
Farm Loans 0.47

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