Headquartered in Gothenburg, Nebraska, Flatwater Bank is a state-chartered bank with $367.7M in total assets and $320.8M in deposits as of Q2 2026. It operates 3 offices. Its charter dates back to 1902.
Flatwater Bank has a TellerScore of 56 out of 100 (moderate) based on Q2 2026 data — higher than only 13% of its 2,650 banks with $100 million – $1 billion. Among 139 banks headquartered in Nebraska, it ranks 124th. Funding & liquidity contributes the most (72/100, 85% loans-to-deposits, 18% uninsured); loan quality contributes the least (41/100, 1.76%).
TellerScore · Q2 2026
Scorecard
The TellerScore is our own summary of the figures this institution reports publicly; it is not issued or endorsed by any government agency. It is not a prediction, and deposits within insurance limits are protected either way.
9 quarters
Health trend
From Q2 2025 to Q2 2026, the score fell 23 points (79 → 56), mostly because the loan quality component weakened by 57 points.
Show as table
| Quarter | TellerScore |
|---|---|
| Q2 2024 | 81 |
| Q3 2024 | 78 |
| Q4 2024 | 73 |
| Q1 2025 | 76 |
| Q2 2025 | 79 |
| Q3 2025 | 77 |
| Q4 2025 | 61 |
| Q1 2026 | 48 |
| Q2 2026 | 56 |
Show as table
| Quarter | Tier 1 leverage ratio |
|---|---|
| Q2 2024 | 10.02% |
| Q3 2024 | 9.85% |
| Q4 2024 | 9.62% |
| Q1 2025 | 9.96% |
| Q2 2025 | 10.15% |
| Q3 2025 | 9.67% |
| Q4 2025 | 9.49% |
| Q1 2026 | 9.22% |
| Q2 2026 | 9.38% |
Show as table
| Quarter | Noncurrent loans |
|---|---|
| Q2 2024 | 0.07% |
| Q3 2024 | 0.08% |
| Q4 2024 | 0.14% |
| Q1 2025 | 0.37% |
| Q2 2025 | 0.05% |
| Q3 2025 | 0.04% |
| Q4 2025 | 1.49% |
| Q1 2026 | 2.38% |
| Q2 2026 | 1.76% |
Show as table
| Quarter | Return on assets |
|---|---|
| Q2 2024 | 1.94% |
| Q3 2024 | 1.75% |
| Q4 2024 | 1.38% |
| Q1 2025 | 1.71% |
| Q2 2025 | 1.82% |
| Q3 2025 | 1.79% |
| Q4 2025 | 1.49% |
| Q1 2026 | 1.05% |
| Q2 2026 | 1.27% |
| Quarter | Score | Assets | Capital | Problem loans | ROA | Loans/deposits |
|---|---|---|---|---|---|---|
| Q2 2026 | 56 | $367.7M | 9.38% | 1.76% | 1.27% | 84.7% |
| Q1 2026 | 48 | $346.6M | 9.22% | 2.38% | 1.05% | 81.3% |
| Q4 2025 | 61 | $341.8M | 9.49% | 1.49% | 1.49% | 87.1% |
| Q3 2025 | 77 | $333.9M | 9.67% | 0.04% | 1.79% | 92.9% |
| Q2 2025 | 79 | $321.1M | 10.15% | 0.05% | 1.82% | 92.5% |
| Q1 2025 | 76 | $299.7M | 9.96% | 0.37% | 1.71% | 82.9% |
| Q4 2024 | 73 | $304.1M | 9.62% | 0.14% | 1.38% | 86.3% |
| Q3 2024 | 78 | $306.6M | 9.85% | 0.08% | 1.75% | 86.0% |
| Q2 2024 | 81 | $294.1M | 10.02% | 0.07% | 1.94% | 80.9% |
2,650 peers · $100 million – $1 billion
How it compares with peers
Percentile against banks of similar size nationwide (100th = best among peers; for ratios where lower is better, the scale is flipped).
Similar-size banks in Nebraska
| Institution | Score | Assets | Capital | Problem loans | Compare |
|---|---|---|---|---|---|
| First Nebraska BankBank Valley, NE | 75 out of 100, Strong | $371.4M | 10.3% | 0.23% | vs |
| The First National Bank of GordonBank Gordon, NE | 79 out of 100, Strong | $357.5M | 14.1% | 1.30% | vs |
| Banner Capital BankBank Harrisburg, NE | 69 out of 100, Moderate | $379.8M | 11.0% | 1.31% | vs |
| F&M BankBank West Point, NE | 83 out of 100, Strong | $354.6M | 11.8% | 0.07% | vs |
| Sandhills State BankBank North Platte, NE | 69 out of 100, Moderate | $382.8M | 8.4% | 0.16% | vs |
| Lincoln FSB of NebraskaBank Lincoln, NE | 69 out of 100, Moderate | $387.3M | 11.7% | 0.46% | vs |
Deposit insurance
Is my money safe at Flatwater Bank?
Yes. Flatwater Bank is an FDIC-insured institution (FDIC certificate #10639). Deposits are insured up to $250,000 per depositor, per insured bank, for each account ownership category.
An estimated 18.5% of deposits ($59.3M) are above the $250,000 FDIC insurance limit, below the peer median of 24%. Insured balances are protected regardless of the score.
The tier 1 leverage ratio is 9.38%, above the 5% level regulators use as the "well capitalized" benchmark for this measure. Its total risk-based capital ratio is 0.00% (benchmark: 10%).
3 locations
Branches
Flatwater Bank lists 3 offices in 3 cities. Most locations:
- Ansley, NE (1)
- Brady, NE (1)
- Gothenburg, NE (1)
Identity & history
Profile
- Legal name
- Flatwater Bank
- Former names
- The Gothenburg State Bank and Trust Company; The Gotenburg State Bank and Trust Company; Gothenburg State Bank
- Type
- State-chartered bank
- FDIC certificate #
- 10639
- RSSD ID
- 493152
- Primary regulator
- FDIC
- Holding company
- Williams Financial Corp
- Established
- May 1, 1902
- Headquarters
- 900 Lake Ave, Gothenburg, NE 69138
- Website
- www.flatwater.bank
- Employees
- 39
Quick answers
Flatwater Bank: common questions
Is Flatwater Bank FDIC insured?
Yes. Flatwater Bank is an FDIC-insured institution (FDIC certificate #10639). Deposits are insured up to $250,000 per depositor, per insured bank, for each account ownership category.
What is Flatwater Bank's TellerScore?
56 out of 100 (Moderate), based on its Q2 2026 publicly reported figures. The TellerScore is our own summary and is not issued by any government agency.
Has Flatwater Bank ever failed?
There is no failure record for FDIC certificate #10639 in the FDIC failed bank list.
How many branches does Flatwater Bank have?
3 offices as of the latest FDIC data.
Nearby
Highest-scoring banks and credit unions with branches near Gothenburg
| Institution | Score | Assets | Capital | Problem loans | Compare |
|---|---|---|---|---|---|
| Homestead BankBank Cozad, NE | 91 out of 100, Very strong | $537.0M | 18.6% | 0.20% | vs |
| First State BankBank Farnam, NE | 79 out of 100, Strong | $199.5M | 11.9% | 0.33% | vs |
| Waypoint BankBank Cozad, NE | 75 out of 100, Strong | $391.5M | 10.9% | 0.59% | vs |
| Western Nebraska BankBank Curtis, NE | 75 out of 100, Strong | $193.3M | 10.1% | 0.01% | vs |
| Security First BankBank Lincoln, NE | 65 out of 100, Moderate | $2.3B | 8.3% | 0.17% | vs |
| Dayspring BankBank Gothenburg, NE | 58 out of 100, Moderate | $1.2B | 10.7% | 1.73% | vs |