BankFirst
Norfolk, Nebraska, Madison County
$1.2B in total assets, the 906th largest of 4,309 US banks and 15th of 139 headquartered in Nebraska.
- FDIC certificate
- 20130
- Established
- 1970
- Owned by
- North Central Bcorp Inc
- Primary regulator
- FDIC
- Website
- mybankfirst.bank
At a glance
Compared with 20 banks headquartered in Nebraska with $1 billion to $10 billion in assets, as of June 30, 2026.
| Measure | This bank | Percentile | Peer range, middle 90% | Peer median |
|---|---|---|---|---|
| Total assets | $1.2B | 35% | $1.3B | |
| Loans | $730M | 5% | $926M | |
| Deposits | $805M | 2% | $1.1B | |
| Return on assets | 2.09% | 98% | 1.23% | |
| Net interest margin | 4.25% | 85% | 3.43% | |
| Efficiency ratio | 36.3% | 2% | 61.6% | |
| Equity to assets | 16.14% | 98% | 9.78% | |
| Loans to deposits | 91% | 60% | 90% |
Growth
Total assets grew 7.0% a year over the last 5 years and 12.3% a year over 10 years, including 1 acquisition in the last 10 years.
Acquisitions
| Closed | Acquired bank | Assets at acquisition |
|---|---|---|
| Dec 2018 | Iowa - Nebraska State Bank South Sioux City, NE | $214M |
| Nov 2002 | Columbus FSB Columbus, NE, an affiliate under the same holding company | $86M |
| Oct 1986 | First Savings Company of Norfolk Norfolk, NE | $3M |
Where they operate
14 branches in 11 counties.
Largest markets by deposits
| County | Deposits | Market share | Rank |
|---|---|---|---|
| Madison County, NE | $400M | 16.4% | 2 of 16 |
| Dakota County, NE | $84M | 25.6% | 2 of 6 |
| Platte County, NE | $58M | 3.3% | 9 of 14 |
| Monona County, IA | $47M | 11.8% | 4 of 9 |
| Woodbury County, IA | $43M | 1.2% | 14 of 20 |
| Holt County, NE | $39M | 6.3% | 7 of 7 |
Deposits by branch from the FDIC Summary of Deposits, June 2026. Rank among all banks with branches in that county.
Branch history since 2016
Net gain of 6 branches since 2016 (8 to 14, +75.0%). 3 opened, 7 acquired, 4 closed or sold.
| Period | What happened | Opened or acquired | Closed or sold | Net change | Branches at end |
|---|---|---|---|---|---|
| Start of 2016 | Starting point | 8 | |||
| 2016 | Opened West Point | 1 | 0 | +1 | 9 |
| 2018 | Acquired Iowa - Nebraska State Bank | 7 | 0 | +7 | 16 |
| 2022 | Opened NorfolkClosed Columbus and Norfolk | 1 | 2 | −1 | 15 |
| 2023 | Closed South Sioux City | 0 | 1 | −1 | 14 |
| 2025 | Opened NelighClosed Sioux City | 1 | 1 | 0 | 14 |
Balance sheet and earnings
Loans by type
| Type | Share | This bank | Peers |
|---|---|---|---|
| Commercial real estate | 22% | 29% | |
| Agricultural | 21% | 9% | |
| Construction and land | 17% | 8% | |
| Farmland | 15% | 12% | |
| 1-4 family residential | 15% | 17% | |
| Business (C&I) | 8% | 14% | |
| Multifamily | 1% | 7% | |
| Consumer | 1% | 2% | |
| Other | 0% | 2% |
Deposits by type
| Type | Share | This bank | Peers |
|---|---|---|---|
| Other interest-bearing | 51% | 55% | |
| Time deposits | 38% | 31% | |
| Noninterest-bearing | 11% | 14% |
Brokered deposits are 14.7% of deposits (peers 9.8%).
Return on assets
Trailing four quarters, with the peer median.
Credit and capital
| This bank | Peer median | |
|---|---|---|
| Noncurrent loans | 0.84% | 0.35% |
| Net charge-offs, annualized | 0.39% | 0.00% |
| Reserves to loans | 1.52% | 1.34% |
| Leverage ratio | 15.31% | 10.34% |
Noncurrent loans exclude government-guaranteed portions.
Related banks
Similar size in Nebraska
Largest competitors in Madison County, NE
Figures as of June 30, 2026 from the bank's Call Report, FDIC structure and branch data, and the Federal Reserve. Short link: bankingstats.com/bankfirst