First Business Bank
First Business Bank reported total assets of $4.4 bn at Q2 2026, up 10.1% on a year earlier, the 312th largest of 497 banks in our US coverage. The CET1 capital ratio at First Business Bank was 11.17%, and the uninsured share of First Business Bank was 33.17%. Source: FDIC Call Reports.
Key takeaways
- On net interest margin, First Business Bank slipped from 147th to 201st among 500 US banks between and (1 = highest; FDIC Call Reports).
- Since , First Business Bank has taken over 2 institutions; the latest was Alterra Bank on (FDIC Call Reports).
What sets First Business Bank apart
How large is First Business Bank?
The balance sheet of First Business Bank at : assets $4.4 bn, deposits $3.6 bn, net loans $3.5 bn (loans equal to 98.68% of deposits). Securities make up 9.4% of total assets at First Business Bank. Since , when First Business Bank held $1.3 bn, its assets grew 251.3%. In the year to , deposits at First Business Bank rose 8.6% while its total assets rose 10.1%. At , First Business Bank employed 347 full-time equivalent staff across 5 offices, about $12.7 mn of assets per employee and $719.2 mn of deposits per office.
How much funding at First Business Bank is uninsured?
At First Business Bank, uninsured deposits (above the FDIC limit) made up 33.17% of domestic deposits at (+0.86 pp on a year earlier); First Business Bank ranks 270th of 500 on this measure. In dollars, First Business Bank estimated $1.2 bn of uninsured deposits.
Key facts, Q2 2026
| Metric | Value | Change from a year earlier | US rank |
|---|---|---|---|
| Total deposits | $3.6 bn | +8.6% | 308th of 499 |
| Net loans and leases | $3.5 bn | +9.9% | 281st of 500 |
| Loan-to-deposit ratio | 98.68% | +1.14 pp | 73rd of 500 |
| Tier 1 leverage ratio | 10.37% | +0.21 pp | 244th of 500 |
| Total risk-based capital ratio | 12.18% | -0.01 pp | 402nd of 448 |
| Net interest margin | 3.80% | +0.02 pp | 201st of 500 |
| Return on assets (ROA) | 1.41% | +0.15 pp | 189th of 500 |
| Efficiency ratio | 58.08% | -0.26 pp | 298th of 500 (1 = lowest) |
| Unrealized gain/loss on held-to-maturity securities | Loss of $80,000 | Narrowed by $33,000 | |
| Unrealized gain/loss on available-for-sale securities | Loss of $16.7 mn | Narrowed by $375,000 | |
| Noncurrent loans to total loans | 1.06% | +0.18 pp | 374th of 500 (1 = lowest) |
| Net charge-offs to average loans | 0.18% | -0.09 pp | 333rd of 500 (1 = lowest) |
US rank of First Business Bank: 1 = highest unless marked 1 = lowest.
Balance sheet
First Business Bank: assets, deposits and loans
- Total assets $4.4bn
- Deposits $3.6bn
- Net loans $3.5bn
Capital and securities
The CET1 ratio of First Business Bank stood at 11.17% in , +0.05 pp year on year. Low and high at First Business Bank since : 9.72% () to 11.17% (). Equity capital of First Business Bank at : $448.6 mn, or 10.2% of total assets. First Business Bank also reported a total capital ratio of 12.18% for , and a tier 1 leverage ratio of 10.37%.
On held-to-maturity securities, First Business Bank carried an unrealized loss of $80,000 at , equal to 0.0% of equity capital. The loss narrowed by $33,000 over the year. Its deepest point: $820,000 in . The available-for-sale portfolio of First Business Bank showed an unrealized loss of $16.7 mn at ; the loss narrowed by $375,000 over the year.
First Business Bank: capital ratios
- Total capital 12%
- CET1 11%
- Tier 1 leverage 10%
First Business Bank: unrealized securities gains and losses
- Available for sale -$17mn
- Held to maturity -$80,000
Profitability and loan quality
For the year to , First Business Bank earned a return on equity of 13.89%; return on assets: 1.41%. Net interest margin at First Business Bank: 3.80%, +0.02 pp in a year. First Business Bank net income: $30.2 mn, up 21.5% year on year. The efficiency ratio of First Business Bank was 58.08%: about 58 cents cost per revenue dollar, against 61 cents at the median peer.
At , noncurrent loans were 1.06% of total loans at First Business Bank; net charge-offs: 0.18% of average loans. Gross loans and leases at First Business Bank: $3.6 bn, up 9.8% in a year.
First Business Bank: profitability
- Return on equity 14%
- Net interest margin 3.8%
- Return on assets 1.4%
Peer group of First Business Bank
The peer group of First Business Bank is the 6 banks nearest to it by total assets at : 3 larger and 3 smaller. Of the peers, 3 share the charter type of First Business Bank (state nonmember bank), 6 sit in the same size group ($1 bn to $10 bn) and 0 have head offices in Wisconsin. Against them, First Business Bank shows CET1 ratio 11.17% against a peer median of 13.04%, return on equity 13.89% against a peer median of 12.62% and uninsured deposit share 33.17% against a peer median of 47.54%.
| Bank | Charter | State | Total assets | CET1 ratio | Return on equity | Uninsured share | |
|---|---|---|---|---|---|---|---|
| Capital City Bank | State member bank | FL | $4.4 bn | 18.18% | 12.85% | 47.83% | |
| HomeTrust Bank | State member bank | NC | $4.4 bn | 13.74% | 11.44% | 26.47% | |
| American Business Bank | State nonmember bank | CA | $4.4 bn | 12.35% | 15.17% | 75.74% | |
| First Business Bank | State nonmember bank | WI | $4.4 bn | 11.17% | 13.89% | 33.17% | |
| Sunwest Bank | State nonmember bank | UT | $4.4 bn | 10.40% | 17.39% | 53.14% | |
| Texas Bank and Trust Company | State nonmember bank | TX | $4.3 bn | 15.85% | 12.39% | 47.26% | |
| Primis Bank | State member bank | VA | $4.3 bn | 10.63% | 9.10% | 22.93% | |
. FDIC Call Reports.
Last eight quarters
Two years at First Business Bank, to : assets +18.7%, deposits +20.8%, equity +24.0%. Staff 343 to 347.
| Metric | Q3 2024 | Q4 2024 | Q1 2025 | Q2 2025 | Q3 2025 | Q4 2025 | Q1 2026 | Q2 2026 |
|---|---|---|---|---|---|---|---|---|
| Total assets | $3.7 bn | $3.9 bn | $3.9 bn | $4.0 bn | $4.0 bn | $4.1 bn | $4.3 bn | $4.4 bn |
| Total deposits | $3.0 bn | $3.1 bn | $3.2 bn | $3.3 bn | $3.3 bn | $3.4 bn | $3.6 bn | $3.6 bn |
| Bank equity capital | $361.8 mn | $379.6 mn | $388.9 mn | $397.5 mn | $411.0 mn | $423.4 mn | $430.8 mn | $448.6 mn |
| CET1 ratio | 10.54% | 10.91% | 11.10% | 11.12% | 11.08% | 11.16% | 11.04% | 11.17% |
| Return on equity (ROE) | 12.82% | 13.49% | 12.93% | 12.77% | 13.66% | 13.51% | 12.72% | 13.89% |
| Uninsured share of domestic deposits | 36.09% | 31.49% | 32.51% | 32.31% | 33.01% | 36.08% | 34.64% | 33.17% |
| Full-time equivalent employees | 343 | 339 | 344 | 359 | 356 | 356 | 368 | 347 |
| Number of offices | 5 | 5 | 5 | 5 | 5 | 5 | 5 | 5 |
FDIC Call Reports.
Mergers and acquisitions
The FDIC history of First Business Bank, oldest first; figures before and after each event are not like for like.
- . Absorbed First Business Bank-Milwaukee (FDIC certificate 35445).
- . Absorbed Alterra Bank (FDIC certificate 1149).
Large one-quarter moves at First Business Bank
- Total assets at First Business Bank changed by +34.0% in the quarter to 2017-06-30: Absorbtion - Without Assistance; Participated in Absorbtion/Consolidation/Merger: acquired from Alterra Bank, First Business Bank-Milwaukee.
Questions and identifiers
What were the total assets of First Business Bank?
First Business Bank reported $4.4 bn at in its Call Report. That makes First Business Bank the 312th largest of 497 banks in our US coverage.
Is First Business Bank the same as its holding company?
No. This page covers First Business Bank, FDIC certificate 15229; FIRST BUS FINL SERVICES INC (as reported to the FDIC), its holding company, reports separately to the Federal Reserve.
Is First Business Bank profitable?
First Business Bank reported net income of $30.2 mn for the year to ; annualized return on equity: 13.89%. So yes: First Business Bank made a profit over these months.
When is data for First Business Bank next updated?
Figures from First Business Bank for are due after .
Where can I check the figures for First Business Bank?
In the FDIC BankFind Suite record for certificate 15229, and in the Call Reports of First Business Bank (RSSD ID 537449) at the FFIEC Central Data Repository.