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BlastPoint's Banking Scorecard

Bank First, N.A.

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

Designations: Community bank

Manitowoc, WI

45 branches across WI · IL

884 banks in the $1B-$10B peer group nationally 28 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 64.0% in tier
  • + ROA 0.19% above tier average
  • + Efficiency Ratio 4.94% below tier average
  • + Delinquency Rate 0.29% below tier average

Key Concerns

Areas that may need attention

  • - Cost Spiral: Bottom 45.2% in tier

Core Metrics

As of 2026-Q1

Metric Current vs Tier Tier Avg State Avg (WI) National Avg Tier Percentile
Total Assets ? $6.1B
+34.6% YoY +34.7% QoQ
+$3.2B $2.8B
-0.1% YoY
$1.1B
+10.1% YoY
$6.2B
+9.1% YoY
Top 10.2% in tier
Total Loans ? $4.5B
+27.4% YoY +25.3% QoQ
+$2.5B $2.0B
+0.6% YoY
$816.7M
+9.9% YoY
$3.2B
+10.8% YoY
Top 9.0% in tier
Total Deposits ? $5.1B
+36.9% YoY +36.8% QoQ
+$2.8B $2.3B
-0.3% YoY
$905.4M
+9.0% YoY
$4.8B
+8.2% YoY
Top 10.3% in tier
Return on Assets ? 1.56%
-5.1% YoY -5.0% QoQ
+0.19% 1.37%
+19.6% YoY
1.50%
+15.4% YoY
1.23%
+13.4% YoY
74%
Net Interest Margin ? 4.55%
+24.5% YoY +18.5% QoQ
+0.73% 3.82%
+6.9% YoY
3.77%
+9.2% YoY
3.89%
+5.7% YoY
Top 10.9% in tier
Efficiency Ratio ? 56.12%
+28.5% YoY +26.3% QoQ
-4.94% 61.06%
-4.6% YoY
64.74%
-4.5% YoY
66.95%
-4.1% YoY
61%
Delinquency Rate ? 0.60%
+209.7% YoY +137.2% QoQ
-0.29% 0.89%
+14.1% YoY
0.87%
+31.3% YoY
0.95%
+18.8% YoY
47%
Loan-to-Deposit Ratio ? 87.05%
-7.0% YoY -8.4% QoQ
+2.84% 84.20%
+0.3% YoY
86.53%
+1.6% YoY
76.70%
+0.9% YoY
48%
Non-Interest-Bearing Deposit Share ? 30.07%
+5.5% YoY +6.5% QoQ
+8.78% 21.29%
-2.5% YoY
18.27%
-0.8% YoY
22.01%
-1.2% YoY
84%
Nonperforming Asset Ratio ? 0.50%
+195.7% YoY +146.8% QoQ
-0.18% 0.67%
+15.6% YoY
0.63%
+35.0% YoY
0.67%
+19.3% YoY
45%
Tier 1 Capital Ratio ? 10.95%
-0.3% YoY -2.0% QoQ
-4.21% 15.16%
+2.0% YoY
14.74%
+0.5% YoY
17.06%
+0.8% YoY
16%
Non-Interest Income / Assets ? 0.18%
+27.3% YoY -63.6% QoQ
-0.08% 0.26%
+1.6% YoY
1.15%
+12.5% YoY
0.32%
+4.1% YoY
63%

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
#56 of 86 • Top 64.0% 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: 30.07%
(Tier: 21.29%, National: 22.01%)
better than tier avg
Net Interest Margin: 4.55%
(Tier: 3.82%, National: 3.89%)
better than tier avg
86 of 86 Mid-Market banks match · 369 nationally
→ Stable -14 banks QoQ

Concerns (1)

Cost Spiral

risk
#15 of 31 • Bottom 45.2% 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: 56.12%
(Tier: 61.06%, National: 66.95%)
better than tier avg
31 of 31 Mid-Market banks match · 176 nationally
↑ Growing +82 banks QoQ

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).
Comparing against 884 peers in $1B-$10B

Top Strengths (5 metrics)

81
Total Loans
size
Value: $4.47B
Peer Median: $1.96B
#81 of 884 Top 9.0% in $1B-$10B
91
Total Assets
size
Value: $6.06B
Peer Median: $2.82B
#91 of 884 Top 10.2% in $1B-$10B
92
Total Deposits
size
Value: $5.13B
Peer Median: $2.34B
#92 of 884 Top 10.3% in $1B-$10B
97
Net Interest Margin
profitability
Value: 4.55%
Peer Median: 3.82%
#97 of 884 Top 10.9% in $1B-$10B
141
Non-Interest-Bearing Deposit Share
funding
Value: 30.07%
Peer Median: 21.29%
#141 of 884 Top 15.8% in $1B-$10B

Top Weaknesses (1 metrics)

741
Tier 1 Capital Ratio
capital
Value: 10.95%
Peer Median: 15.16%
#741 of 884 Bottom 16.3% in $1B-$10B
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