BlastPoint's Banking Scorecard

Bank First, N.A.

$1B-$10B Specialty: Commercial WI FDIC cert 5304

Designations: ✓ Community bank

Manitowoc, WI

38 branches across WI · IL

NEW · Q2 2026 RECAP

Your Quarter, Wrapped

A 35-second highlight reel of your Q2 — the wins worth celebrating and the one signal worth watching, pulled straight from your scorecard data.

Q2 2026 at a glance

1 of 885 banks in the $1B-$10B peer group nationwide — 1 of 30 in WI.
Deposits +38.6% year over year ($5.0B on the books).
Delinquency rate 0.57%.
Return on assets 1.67%.
Efficiency ratio 51.86% vs a 59.73% peer average.
Loan-to-deposit ratio 88.89% vs a 85.04% peer average.

Animation disabled (reduced-motion preference). Full details in the Core Metrics table below.

885 banks in the $1B-$10B peer group nationally 30 in WI

View $1B-$10B leaderboard (WI) →

Bank First, N.A. has 4 strengths but faces 1 concern

Key Strengths include matched growth signatures, metrics ranked in the top 10%, and values meaningfully above the tier average.

Key Concerns include matched risk or decline signatures, metrics ranked in the bottom 10%, and values meaningfully below the tier average.

Key Strengths

Areas where this bank excels compared to peers

+ Deposit Franchise: Top 70.0% in tier
+ ROA 0.28% above tier average
+ Efficiency Ratio 7.86% below tier average
+ Delinquency Rate 0.29% below tier average

Key Concerns

Areas that may need attention

- Cost Spiral: Bottom 22.6% in tier

Get updates when Bank First, N.A. releases new data →

Core Metrics

As of 2026-Q2

Metric	Current	vs Tier	Tier Avg	State Avg (WI)	National Avg	Tier Percentile
Total Assets ?	$5.9B +36.2% YoY -2.0% QoQ	+$3.2B	$2.8B -0.6% YoY	$1.2B +13.5% YoY	$6.3B +7.7% YoY	Top 10.4% in tier
Total Loans ?	$4.5B +26.2% YoY +0.0% QoQ	+$2.5B	$2.0B -0.3% YoY	$860.4M +13.3% YoY	$3.2B +9.4% YoY	Top 9.3% in tier
Total Deposits ?	$5.0B +38.6% YoY -2.0% QoQ	+$2.7B	$2.3B -0.5% YoY	$935.5M +13.1% YoY	$4.9B +7.3% YoY	Top 10.1% in tier
Return on Assets ?	1.67% +3.9% YoY +7.2% QoQ	+0.28%	1.39% +17.0% YoY	1.56% +18.6% YoY	1.30% +12.1% YoY	78%
Net Interest Margin ?	4.45% +20.0% YoY -2.0% QoQ	+0.58%	3.87% +6.2% YoY	3.83% +8.5% YoY	3.95% +4.9% YoY	Top 13.9% in tier
Efficiency Ratio ?	51.86% +16.3% YoY -7.6% QoQ	-7.86%	59.73% -12.6% YoY	62.90% -5.1% YoY	70.05% +2.5% YoY	73%
Delinquency Rate ?	0.57% +48.8% YoY -5.1% QoQ	-0.29%	0.87% +11.7% YoY	0.85% +12.5% YoY	0.98% +16.3% YoY	47%
Loan-to-Deposit Ratio ?	88.89% -8.9% YoY +2.1% QoQ	+3.86%	85.04% -0.1% YoY	87.22% +0.9% YoY	79.03% +2.3% YoY	46%
Non-Interest-Bearing Deposit Share ?	30.57% +8.3% YoY +1.7% QoQ	+9.30%	21.27% -1.5% YoY	18.65% -1.9% YoY	21.98% -0.6% YoY	Top 14.4% in tier
Nonperforming Asset Ratio ?	0.47% +51.0% YoY -5.2% QoQ	-0.20%	0.67% +11.7% YoY	0.63% +16.4% YoY	0.69% +15.8% YoY	46%
Tier 1 Capital Ratio ?	10.93% -1.0% YoY -0.2% QoQ	-3.92%	14.84% -0.4% YoY	15.02% +1.5% YoY	17.09% +0.8% YoY	17%
Non-Interest Income / Assets ?	0.34% +33.4% YoY +96.2% QoQ	-0.18%	0.53% +2.5% YoY	2.21% +12.7% YoY	0.66% +5.2% YoY	61%

Additional Detail

Deposit mix, loan mix, capital, efficiency, asset quality & profitability · As of 2026-Q2

Deposit Composition

% of total deposits

Metric	Current	vs Tier	Tier Avg	State Avg (WI)	National Avg	Tier Percentile
Noninterest-Bearing	30.6% +2.3pp YoY +0.5pp QoQ	+9.2pp	21.4%	18.9%	22.2%	86%
Brokered Deposits	0.3% -0.3pp YoY 0.0pp QoQ	-9.2pp	9.5%	9.2%	8.5%	9%

Loan Composition

% of total loans & leases

Metric	Current	vs Tier	Tier Avg	State Avg (WI)	National Avg	Tier Percentile
C&I	16.4% +0.8pp YoY +0.5pp QoQ	+2.4pp	14.0%	10.5%	12.5%	71%
CRE	49.8% -0.6pp YoY -0.3pp QoQ	-0.2pp	50.0%	46.4%	41.4%	50%
1-4 Family	24.7% -0.6pp YoY -0.2pp QoQ	-1.7pp	26.4%	32.3%	31.3%	54%
Consumer	1.4% -0.3pp YoY 0.0pp QoQ	-3.4pp	4.7%	2.6%	5.0%	53%

Capital

Metric	Current	vs Tier	Tier Avg	State Avg (WI)	National Avg	Tier Percentile
CET1 Ratio	10.9% -0.1pp YoY 0.0pp QoQ	-4.7pp	15.6%	15.5%	19.7%	9%
Leverage Ratio	9.3% -0.4pp YoY +0.3pp QoQ	-2.0pp	11.3%	12.6%	12.6%	18%
Total Capital Ratio	12.1% -0.1pp YoY +0.1pp QoQ	-4.6pp	16.7%	16.6%	20.8%	10%

Efficiency & Staffing

Metric	Current	vs Tier	Tier Avg	State Avg (WI)	National Avg	Tier Percentile
Full-Time Employees	554 +186 (+50.5%) YoY +8 (+1.5%) QoQ	+240	313	134	482	86%
Assets per Employee ($)	$10.7M -9.5% YoY -3.4% QoQ	+$248K	$10.5M	$8.2M	$8.8M	71%
Branch Count	38 +11 (+40.7%) YoY 0 QoQ	+18	20	9	18	89%

Asset Quality

Metric	Current	vs Tier	Tier Avg	State Avg (WI)	National Avg	Tier Percentile
Past Due 90+ Days	0.1% +0.1pp YoY 0.0pp QoQ	-0.1pp	0.2%	0.4%	0.4%	70%
Nonaccrual	0.5% +0.1pp YoY 0.0pp QoQ	-0.3pp	0.8%	0.9%	1.0%	49%
Allowance Coverage	2.19x -32.7% YoY +3.4% QoQ	-16.52x	18.71x	56.89x	20.23x	52%
Net Charge-off Rate (YTD)	0.1% 0.0pp YoY 0.0pp QoQ	-0.2pp	0.3%	0.0%	0.2%	56%

Profitability

Metric	Current	vs Tier	Tier Avg	State Avg (WI)	National Avg	Tier Percentile
ROE	12.5% +0.3pp YoY +0.7pp QoQ	-0.1pp	12.6%	11.8%	11.6%	53%
Cost of Funds (YTD)	1.6% -0.2pp YoY -0.1pp QoQ	-0.3pp	1.9%	1.8%	1.7%	33%
Net Income ($, YTD)	$46.0M +28.4% YoY — QoQ	+$26.8M	$19.2M	$7.9M	$40.4M	92%

Get Full Access to Bank First, N.A.

Unlock complete metrics, peer benchmarks, and signature insights for this and every other FDIC-insured bank - always free

$250B+

12 performance metrics with tier, state, and national benchmarks

Signature behaviors (strengths & concerns)

Metric and signature rankings across 4,287 FDIC-insured banks

Want to see an example first? Preview JPMorgan Chase's scorecard →

Signature Analysis

Composite behavioral patterns that combine multiple metrics to identify what stands out about this bank. Matched signatures only; metric-level callouts appear in the Key Strengths / Key Concerns summary above.

Strengths are growth signatures this bank matches (e.g. Revenue Diversifier, Profitability Leader).

Concerns are risk or decline signatures this bank matches (e.g. Margin Compression, Credit Quality Pressure).

Strengths (1)

Deposit Franchise

growth

#57 of 80 • Top 70.0% in tier

Top-quartile non-interest-bearing deposits AND top-quartile NIM. A premium deposit franchise translating into above-peer spread.

Why this signature

Noninterest-Bearing Deposit Share: 30.57%

(Tier: 21.27%, National: 21.98%)

better than tier avg

Net Interest Margin: 4.45%

(Tier: 3.87%, National: 3.95%)

better than tier avg

80 of 80 Mid-Market banks match · 368 nationally

→ Stable -1 banks QoQ

Concerns (1)

Cost Spiral

risk

#8 of 31 • Bottom 22.6% in tier

Historically lean operator (efficiency < 75%) now seeing 5+ point efficiency ratio increase YoY despite strong profitability. Efficiency advantage eroding.

Why this signature

Efficiency Ratio: 51.86%

(Tier: 59.73%, National: 70.05%)

better than tier avg

31 of 31 Mid-Market banks match · 184 nationally

→ Stable +9 banks QoQ | QoQ rank improving

Metric Rankings

See how this bank ranks across all tracked metrics compared to peers.

Strengths are metrics in the top 25% (75th percentile or higher).

Concerns are metrics in the bottom 25% (25th percentile or lower).

Compare against:

Comparing against 885 peers in $1B-$10B

Top Strengths (6 metrics)

Total Loans

size

Value: $4.47B

Peer Median: $1.96B

#83 of 885 Top 9.3% in $1B-$10B

Total Deposits

size

Value: $5.03B

Peer Median: $2.32B

#90 of 885 Top 10.1% in $1B-$10B

Total Assets

size

Value: $5.94B

Peer Median: $2.79B

#93 of 885 Top 10.4% in $1B-$10B

124

Net Interest Margin

profitability

Value: 4.45%

Peer Median: 3.87%

#124 of 885 Top 13.9% in $1B-$10B

128

Non-Interest-Bearing Deposit Share

funding

Value: 30.57%

Peer Median: 21.27%

#128 of 885 Top 14.4% in $1B-$10B

199

Return on Assets

profitability

Value: 1.67%

Peer Median: 1.39%

#199 of 885 Top 22.4% in $1B-$10B

Top Weaknesses (1 metrics)

736

Tier 1 Capital Ratio

capital

Value: 10.93%

Peer Median: 14.84%

#736 of 885 Bottom 16.9% in $1B-$10B