Bank First
January 1, 1894
What is the date Bank First formed?
174 as of March 31, 2023
What is the number of banks in Wisconsin?
Federal Deposit Insurance Corporation
What is the primary banking regulator in the United States?
The loan amount divided by collateral value.
What is the loan-to-value ratio?
Five (so far)
How many banks Bank First has acquired in the last five years.
8.25%
What is the current Prime interest rate?
Individual responsible for overseeing and managing credit risk within the bank's portfolio.
Who is the Chief Credit Officer?
Total available cash flow divided by total debt service.
What is cash flow coverage?
The First National Bank in Manitowoc.
What was the Bank's original name?
4,796
How many banks are in the United States?
Committee responsible for approving and denying loan applications.
Loan Committee
The legal action where a bank takes ownership of real estate collateral.
What is foreclosure?
$4,165,520
What are the total assets of Bank First?
The difference between interest income and interest expense for a bank.
What is Net Interest Margin?
The Office of the Comptroller of the Currency (OCC)
The Bank's primary regulator.
The three approaches to value in a real estate appraisal.
What are the cost approach, sales approach, and income approach?
3.4% (vs. 3.3% industry average)
What is Bank First's current net interest margin?
Primary cause for bank failures
Asset quality (bad loans)
Don't do stupid things.
What is the primary purpose of loan review (in the eyes of the President)
A property's annual net operating income divided by its purchase price.
What is the cap (capitalization) rate?