CrossFirst Bank (merged into Busey Bank)
CrossFirst Bank reported total assets of $7.4 bn at Q1 2025, its last Call Report before it merged into Busey Bank. The CET1 capital ratio at CrossFirst Bank was 9.60%, and the uninsured share of CrossFirst Bank was 43.59%. Source: FDIC Call Reports.
Key takeaways
- Since , CrossFirst Bank has taken over 2 institutions; the latest was Canyon Community Bank, National Association on (FDIC Call Reports).
What sets CrossFirst Bank apart
How large is CrossFirst Bank?
The balance sheet of CrossFirst Bank at : assets $7.4 bn, deposits $6.5 bn, net loans $5.9 bn (loans equal to 90.96% of deposits). Securities make up 5.3% of total assets at CrossFirst Bank. Since , when CrossFirst Bank held $1.7 bn, its assets grew 333.1%. In the year to , deposits at CrossFirst Bank fell 1.3% while its total assets fell 0.4%. At , CrossFirst Bank employed 437 full-time equivalent staff across 15 offices, about $17.0 mn of assets per employee and $434.2 mn of deposits per office.
How much funding at CrossFirst Bank is uninsured?
At CrossFirst Bank, uninsured deposits (above the FDIC limit) made up 43.59% of domestic deposits at (+4.38 pp on a year earlier). In dollars, CrossFirst Bank estimated $2.8 bn of uninsured deposits.
Key facts, Q1 2025
| Metric | Value | A year earlier | US rank |
|---|---|---|---|
| Total deposits | $6.5 bn | $6.6 bn (Q1 2024) | |
| Net loans and leases | $5.9 bn | $6.2 bn (Q1 2024) | |
| Loan-to-deposit ratio | 90.96% | 93.54% (Q1 2024) | |
| Tier 1 leverage ratio | 8.78% | 9.85% (Q1 2024) | |
| Total risk-based capital ratio | 10.27% | 11.14% (Q1 2024) | |
| Net interest margin | 1.25% | 3.20% (Q1 2024) | |
| Return on assets (ROA) | -1.83% | 1.01% (Q1 2024) | |
| Efficiency ratio | 101.10% | 57.95% (Q1 2024) | |
| Unrealized gain/loss on available-for-sale securities | Loss of $6.0 mn | Narrowed by $67.6 mn | |
| Noncurrent loans to total loans | 0.79% | 0.24% (Q1 2024) | |
| Net charge-offs to average loans | 1.94% | 0.09% (Q1 2024) |
US rank of CrossFirst Bank: 1 = highest unless marked 1 = lowest.
Balance sheet
CrossFirst Bank: assets, deposits and loans
- Total assets $7.4bn
- Deposits $6.5bn
- Net loans $5.9bn
Capital and securities
The CET1 ratio of CrossFirst Bank stood at 9.60% in , -0.44 pp year on year. Low and high at CrossFirst Bank since : 9.36% () to 12.91% (). Equity capital of CrossFirst Bank at : $764.4 mn, or 10.3% of total assets. CrossFirst Bank also reported a total capital ratio of 10.27% for , and a tier 1 leverage ratio of 8.78%.
The available-for-sale portfolio of CrossFirst Bank showed an unrealized loss of $6.0 mn at ; the loss narrowed by $67.6 mn over the year.
CrossFirst Bank: capital ratios
- Total capital 10%
- CET1 9.6%
- Tier 1 leverage 8.8%
CrossFirst Bank: unrealized securities gains and losses
- Available for sale -$6mn
- Held to maturity $0
Profitability and loan quality
For the year to , CrossFirst Bank earned a return on equity of -18.08%; return on assets: -1.83%. Net interest margin at CrossFirst Bank: 1.25%, -1.95 pp in a year. CrossFirst Bank net income: -$34.5 mn, down 283.8% year on year. The efficiency ratio of CrossFirst Bank was 101.10%: about 101 cents cost per revenue dollar, against 59 cents at the median peer.
At , noncurrent loans were 0.79% of total loans at CrossFirst Bank; net charge-offs: 1.94% of average loans. Gross loans and leases at CrossFirst Bank: $6.0 bn at , against $6.2 bn at .
CrossFirst Bank: profitability
- Return on equity -18%
- Net interest margin 1.2%
- Return on assets -1.8%
Peer group of CrossFirst Bank
The peer group of CrossFirst Bank is the 6 banks nearest to it by total assets at : 3 larger and 3 smaller. Of the peers, 2 share the charter type of CrossFirst Bank (state nonmember bank) and 0 have head offices in Kansas. Against them, CrossFirst Bank shows CET1 ratio 9.60% against a peer median of 11.97%, return on equity -18.08% against a peer median of 10.47% and uninsured deposit share 43.59% against a peer median of 34.37%.
| Bank | Charter | State | Total assets | CET1 ratio | Return on equity | Uninsured share | |
|---|---|---|---|---|---|---|---|
| Metropolitan Commercial Bank | State member bank | NY | $7.6 bn | 11.05% | 10.00% | 26.25% | |
| Horizon Bank | State nonmember bank | IN | $7.6 bn | 11.97% | 12.83% | 43.55% | |
| First Mid Bank & Trust | National bank | IL | $7.5 bn | 13.43% | 9.23% | 25.49% | |
| CrossFirst Bank | State nonmember bank | KS | $7.4 bn | 9.60% | -18.08% | 43.59% | |
| Central Pacific Bank | State member bank | HI | $7.4 bn | 13.96% | 12.42% | 42.48% | |
| Bankers Trust Company | State nonmember bank | IA | $7.4 bn | 10.30% | 10.94% | 56.12% | |
| Ridgewood Savings Bank | State-chartered stock savings bank | NY | $7.3 bn | not reported | 2.44% | 13.75% | |
. FDIC Call Reports.
Last eight quarters
Two years at CrossFirst Bank, to : assets $7.1 bn to $7.4 bn, deposits $6.1 bn to $6.5 bn, equity $655.0 mn to $764.4 mn. Staff 451 to 437; offices 14 to 15.
| Metric | Q2 2023 | Q3 2023 | Q4 2023 | Q1 2024 | Q2 2024 | Q3 2024 | Q4 2024 | Q1 2025 |
|---|---|---|---|---|---|---|---|---|
| Total assets | $7.1 bn | $7.2 bn | $7.4 bn | $7.5 bn | $7.6 bn | $7.6 bn | $7.7 bn | $7.4 bn |
| Total deposits | $6.1 bn | $6.3 bn | $6.5 bn | $6.6 bn | $6.7 bn | $6.6 bn | $6.7 bn | $6.5 bn |
| Bank equity capital | $655.0 mn | $646.5 mn | $703.5 mn | $697.9 mn | $714.4 mn | $760.2 mn | $763.1 mn | $764.4 mn |
| CET1 ratio | 9.65% | 9.86% | 10.02% | 10.04% | 10.11% | 10.53% | 10.98% | 9.60% |
| Return on equity (ROE) | 10.31% | 10.45% | 10.40% | 10.72% | 10.78% | 11.09% | 11.33% | -18.08% |
| Uninsured share of domestic deposits | 38.04% | 38.39% | 39.26% | 39.22% | 39.29% | 40.59% | 42.67% | 43.59% |
| Full-time equivalent employees | 451 | 452 | 450 | 461 | 458 | 451 | 450 | 437 |
| Number of offices | 14 | 15 | 15 | 15 | 15 | 15 | 15 | 15 |
FDIC Call Reports.
Mergers and acquisitions
The FDIC history of CrossFirst Bank, oldest first; figures before and after each event are not like for like.
- . Absorbed Farmers & Stockmens Bank (FDIC certificate 13625).
- . Absorbed Canyon Community Bank, National Association (FDIC certificate 35547).
- . Merged into Busey Bank (FDIC certificate 16450).
Questions and identifiers
What were the total assets of CrossFirst Bank?
CrossFirst Bank reported $7.4 bn at in its Call Report.
Is CrossFirst Bank the same as its holding company?
No. This page covers CrossFirst Bank, FDIC certificate 58648; FIRST BUSEY CORP (as reported to the FDIC), its holding company, reports separately to the Federal Reserve.
Is CrossFirst Bank profitable?
CrossFirst Bank reported net income of -$34.5 mn for the year to ; annualized return on equity: -18.08%. So no: CrossFirst Bank made a loss over these months.
When is data for CrossFirst Bank next updated?
CrossFirst Bank no longer files Call Reports; its data ends at .
Where can I check the figures for CrossFirst Bank?
In the FDIC BankFind Suite record for certificate 58648, and in the Call Reports of CrossFirst Bank (RSSD ID 3594005) at the FFIEC Central Data Repository.