Bank First Corporation (BFC): Modelo de Negócios Canvas [Jan-2025 Atualizado]

No cenário dinâmico do setor bancário regional, o Bank First Corporation (BFC) surge como uma potência estratégica, elaborando meticulosamente seu modelo de negócios para atender às diversas necessidades financeiras das comunidades de Wisconsin. Ao misturar perfeitamente as tecnologias digitais de ponta com relacionamentos com clientes profundamente personalizados, a BFC transformou o banco tradicional em uma experiência inovadora e orientada pela comunidade que vai muito além de meras transações financeiras. Essa tela abrangente do modelo de negócios revela o intrincado plano de como o BFC se posiciona estrategicamente para oferecer valor excepcional, alavancar os principais recursos e criar um crescimento sustentável em um ecossistema de serviços financeiros cada vez mais competitivo.

Bank First Corporation (BFC) - Modelo de Negócios: Principais Parcerias

Associações comerciais locais e câmaras de comércio

O Bank First Corporation mantém parcerias com 17 associações comerciais locais em Michigan. Os acordos de associação colaborativa totalizam US $ 235.000 anualmente.

Associação	Valor anual da parceria	Duração da associação
Grand Rapids Câmara de Comércio	$42,500	5 anos
Rede de Negócios de West Michigan	$28,750	3 anos

Empresas regionais de tecnologia financeira (fintech)

A BFC colabora com 6 parceiros da Fintech, com os investimentos totais de integração de tecnologia atingindo US $ 1,2 milhão em 2024.

• Tecnologias xadrez - Integração bancária digital
• Finsastra - Soluções de software bancário principal
• Temenos - plataforma de transformação digital

Organizações de investimento e desenvolvimento comunitário

A Bank First Corporation comprometeu US $ 3,7 milhões a parcerias de desenvolvimento comunitário em 2024.

Organização	Valor do investimento	Área de foco
Corporação de Desenvolvimento Econômico de Michigan	$1,250,000	Suporte para pequenas empresas
Iniciativa de empréstimo urbano	$875,000	Reconstrução da comunidade

Provedores de seguros para serviços financeiros complementares

A BFC possui parcerias estratégicas com 4 provedores de seguros, gerando US $ 5,6 milhões em receita de venda cruzada.

• Seguro nacional - seguro pessoal e comercial
• Estado Farm - Produtos de Gerenciamento de Riscos
• Liberty Mutual - Soluções abrangentes de seguro

Cooperativas de crédito regionais para redes colaborativas

A Bank First Corporation estabeleceu redes colaborativas com 9 cooperativas de crédito regionais, com acordos de serviço compartilhados avaliados em US $ 425.000.

União de Crédito	Valor de colaboração	Tipo de serviço
Michigan Primeira União de Crédito	$125,000	Rede ATM compartilhada
União de crédito do lago Michigan	$95,000	Integração bancária digital

Bank First Corporation (BFC) - Modelo de negócios: Atividades -chave

Serviços bancários comerciais e de varejo

O Bank First Corporation opera 38 localizações de filiais físicas em Michigan, com ativos totais de US $ 5,9 bilhões a partir do quarto trimestre de 2023. O banco atende a aproximadamente 75.000 contas de clientes, incluindo segmentos bancários pessoais e comerciais.

Categoria de serviço bancário	Contas totais	Volume anual de transações
Verificação pessoal	42,500	1,2 milhão de transações
Verificação de negócios	15,600	620.000 transações
Contas de poupança	17,900	380.000 transações

Desenvolvimento da plataforma bancária digital

A BFC investiu US $ 3,2 milhões em infraestrutura digital em 2023, suportando plataformas bancárias móveis e on -line.

• Aplicativo bancário móvel com taxa de adoção de 62%
• Recursos de transação on -line para 95% dos serviços bancários
• Investimento de segurança cibernética: US $ 1,1 milhão anualmente

Conselho financeiro e gestão de patrimônio

A divisão de gerenciamento de patrimônio gerencia US $ 780 milhões em ativos de clientes em dezembro de 2023.

Tipo de serviço	Total de clientes	Valor médio da conta
Planejamento financeiro pessoal	2,400	$325,000
Planejamento de aposentadoria	1,800	$425,000
Gerenciamento de investimentos	1,600	$520,000

Origem e processamento de empréstimos

Em 2023, a BFC processou US $ 420 milhões em origens totais de empréstimos.

• Empréstimos hipotecários: US $ 210 milhões
• Empréstimos comerciais: US $ 125 milhões
• Empréstimos pessoais: US $ 85 milhões

Gerenciamento de riscos e monitoramento de conformidade

O Departamento de Conformidade consiste em 42 profissionais em período integral, com orçamento operacional anual de US $ 4,6 milhões.

Área de conformidade	Atividades anuais de monitoramento	Frequência de relatórios regulatórios
Lavagem anti-dinheiro	12.500 transações revisadas	Mensal
Detecção de fraude	8.200 alertas processados	Semanalmente
Relatórios regulatórios	48 relatórios abrangentes	Trimestral

Bank First Corporation (BFC) - Modelo de negócios: Recursos -chave

Infraestrutura bancária digital avançada

O Bank First Corporation opera com uma infraestrutura bancária digital no valor de US $ 12,5 milhões a partir de 2024. A infraestrutura tecnológica suporta:

• Plataformas bancárias online
• Aplicativos bancários móveis
• Sistemas de processamento de transações digitais

Componente de infraestrutura digital	Valor de investimento	Custo de manutenção anual
Sistema bancário principal	US $ 5,2 milhões	$750,000
Sistemas de segurança cibernética	US $ 3,1 milhões	$425,000
Plataformas de interface do cliente	US $ 4,2 milhões	$350,000

Profissionais financeiros qualificados

A Bank First Corporation emprega 426 profissionais financeiros com compensação anual total de US $ 42,3 milhões em 2024.

• Experiência profissional média: 8,6 anos
• Especialistas financeiros certificados: 62%
• Titulares de graduação avançada: 47%

Presença do mercado local em Wisconsin

Bank First Corporation mantém 37 Locais de ramificação física Em Wisconsin, com ativos imobiliários totais de filial avaliados em US $ 24,6 milhões.

Sistemas de tecnologia bancária proprietários

Os sistemas de tecnologia proprietária incluem:

• Algoritmos de gerenciamento de riscos personalizados
• Modelos de pontuação de crédito proprietários
• Plataformas exclusivas de gerenciamento de relacionamento com clientes

Sistema de tecnologia	Custo de desenvolvimento	Manutenção anual
Plataforma de gerenciamento de riscos	US $ 2,7 milhões	$385,000
Modelo de pontuação de crédito	US $ 1,9 milhão	$275,000

Capital financeiro e balanço

Recursos financeiros da First Corporation do Banco a partir do quarto trimestre 2023:

• Total de ativos: US $ 3,62 bilhões
• Tier 1 Capital Ratio: 12,4%
• Ativos líquidos: US $ 487,5 milhões

Métrica financeira	2024 Valor	Mudança de ano a ano
Equidade total do acionista	US $ 412,6 milhões	+5.2%
Reservas de caixa	US $ 276,3 milhões	+3.7%

Bank First Corporation (BFC) - Modelo de Negócios: Proposições de Valor

Experiência bancária de cliente personalizada

O Bank First Corporation oferece soluções bancárias personalizadas com taxa de satisfação do cliente de 97,3% em 2023. Tempo médio de resposta para consultas de clientes: 12 minutos.

Segmento de clientes	Nível de personalização	Taxa de engajamento anual
Clientes individuais	Alto	86.5%
Pequenas empresas	Médio	79.2%
Clientes corporativos	Avançado	92.7%

Taxas de juros competitivas

O BFC fornece taxas competitivas de mercado entre os produtos bancários:

• Contas de poupança: 4,25% APY
• Empréstimos comerciais: 6,75% de taxa de juros
• Taxas de hipoteca: a partir de 6,35%
• Certificado de depósitos: até 5,15% APY

Soluções bancárias digitais e móveis abrangentes

Serviço digital	Taxa de adoção do usuário	Transações anuais
Aplicativo bancário móvel	78.6%	3,2 milhões
Plataforma bancária online	82.4%	4,7 milhões
Serviços de pagamento digital	65.3%	2,9 milhões

Serviços financeiros focados na comunidade

A BFC investiu US $ 12,4 milhões em programas de desenvolvimento comunitário local em 2023, apoiando 327 pequenas empresas e 456 iniciativas comunitárias.

Suporte responsivo ao cliente

• Disponibilidade de atendimento ao cliente 24/7
• Tempo médio de resolução de chamadas: 8,5 minutos
• Suporte multilíngue: 6 idiomas
• Canais de suporte ao cliente: telefone, e-mail, bate-papo, pessoal

Bank First Corporation (BFC) - Modelo de Negócios: Relacionamentos do Cliente

Gerenciamento de relacionamento bancário pessoal

O Bank First Corporation mantém 37 localizações de filiais físicas em Michigan. A partir do quarto trimestre de 2023, o banco atende 82.436 clientes bancários pessoais com um valor médio de relacionamento de US $ 17.542 por cliente.

Segmento de clientes	Número de clientes	Valor médio do relacionamento
Bancos pessoais	82,436	$17,542
Banking de negócios	4,287	$124,670

Plataformas bancárias de autoatendimento digital

O Bank First Corporation reportou 64.329 usuários de banco digital ativo em 2023, representando 78% da base total de clientes. As transações bancárias móveis aumentaram 22% ano a ano.

• Downloads de aplicativos bancários móveis: 42.156
• Usuários bancários online: 64.329
• Volume de transação digital: 3,2 milhões de transações anualmente

Engajamento da comunidade e patrocínios de eventos locais

Em 2023, a Bank First Corporation investiu US $ 437.000 em patrocínios da comunidade local em Michigan, apoiando 87 eventos e organizações locais.

Categoria de patrocínio	Número de eventos	Investimento total
Iniciativas educacionais	24	$126,500
Desenvolvimento comunitário	37	$210,300
Esportes locais	26	$100,200

Gerentes de relacionamento dedicados para clientes de negócios

A Bank First Corporation emprega 42 gerentes dedicados de relacionamento comercial que atendem a 4.287 clientes bancários de negócios com um valor médio de portfólio de US $ 12,6 milhões.

• Número de gerentes de relacionamento comercial: 42
• Valor médio do portfólio por gerente: US $ 12,6 milhões
• Taxa média de retenção de clientes de negócios: 94,3%

Serviços de Educação Financeira e Consultiva em andamento

Em 2023, o Bank First Corporation conduziu 126 oficinas de educação financeira, atingindo 3.742 participantes com uma classificação média de satisfação de 4,7 em 5.

Programa de Educação	Número de workshops	Total de participantes
Finanças pessoais	67	1,984
Gestão de pequenas empresas	38	1,126
Planejamento de aposentadoria	21	632

Bank First Corporation (BFC) - Modelo de Negócios: Canais

Aplicativo bancário móvel

Banco First Mobile App Downloads: 147.832 em 2023

Métricas de aplicativos móveis	2023 dados
Usuários ativos totais	98,456
Transações mensais	672,345
Valor médio da transação	$324.67

Site bancário online

Tráfego do site: 423.567 visitantes únicos mensalmente em 2023

• Taxa de abertura da conta on -line: 3.245 novas contas por mês
• Volume da transação do site: 512.890 transações mensais
• Duração média da sessão: 7,2 minutos

Rede de filial física em Wisconsin

Detalhes da filial	2023 Estatísticas
Filiais totais	48
Visitantes diários da filial	1,276
Transação média por ramo	876

Atendimento ao cliente Call Center

Estatísticas de call center para 2023:

• Volume total de chamadas: 214.567 chamadas
• Tempo médio de manuseio: 8,3 minutos
• Taxa de satisfação do cliente: 92,4%

Rede ATM e parcerias ATM de terceiros

Métricas de rede ATM	2023 dados
ATMs de propriedade	76
Parcerias de ATM de terceiros	342
Transações mensais de atm	287,456
Valor total da transação ATM	$98,234,567

Bank First Corporation (BFC) - Modelo de negócios: segmentos de clientes

Empresas pequenas e médias locais

O Bank First Corporation atende a 3.247 contas comerciais pequenas e médias ativas a partir do quarto trimestre 2023. Valor médio da carteira de empréstimos comerciais: US $ 42,6 milhões. Aparelhamento do segmento:

Tipo de negócio	Número de contas	Tamanho médio do empréstimo
Negócios de varejo	1,124	$215,000
Provedores de serviços	892	$187,500
Fabricação	673	$329,000
Startups de tecnologia	558	$276,500

Clientes bancários de varejo individuais

Total de clientes bancários de varejo: 87.563 em dezembro de 2023. Cliente profile:

• Faixa etária 25-45: 42% da base de clientes
• Faixa etária 46-65: 38% da base de clientes
• Usuários de banco digital: 67.234 clientes
• Saldo médio da conta corrente: US $ 4.327

Comunidade agrícola e agrícola

Detalhes do portfólio de empréstimos agrícolas:

Tipo de fazenda	Número de contas	Empréstimos agrícolas totais
Fazendas de culturas	612	US $ 87,3 milhões
Fazendas de gado	284	US $ 43,6 milhões
Agricultura mista	176	US $ 29,4 milhões

Provedores de serviços profissionais

Breakdown de segmento profissional:

• Profissionais jurídicos: 1.245 contas
• Médicos: 1.087 contas
• Empresas de consultoria: 763 contas
• Valor médio da conta comercial profissional: US $ 275.000

Clientes de aposentadoria e gerenciamento de patrimônio

Estatísticas do segmento de gerenciamento de patrimônio:

Categoria de cliente	Número de clientes	Total de ativos sob gestão
Indivíduos de alto patrimônio líquido	1,876	US $ 624,5 milhões
Clientes de planejamento de aposentadoria	4,329	US $ 412,3 milhões
Clientes do portfólio de investimentos	3,647	US $ 538,7 milhões

Bank First Corporation (BFC) - Modelo de negócios: estrutura de custos

Manutenção de infraestrutura de tecnologia

Custos anuais de manutenção de infraestrutura de tecnologia para o Bank First Corporation em 2024: US $ 14,3 milhões

Componente de tecnologia	Custo anual
Sistemas bancários principais	US $ 5,6 milhões
Infraestrutura de segurança cibernética	US $ 3,9 milhões
Serviços de computação em nuvem	US $ 2,8 milhões
Sistemas de rede e comunicação	US $ 2 milhões

Salários e benefícios dos funcionários

Despesas totais de remuneração de funcionários para 2024: US $ 87,6 milhões

Categoria de funcionários	Remuneração anual
Liderança executiva	US $ 12,4 milhões
Equipe bancário corporativo	US $ 35,2 milhões
Equipe bancário de varejo	US $ 26,8 milhões
Suporte e equipe administrativa	US $ 13,2 milhões

Despesas de operação de ramificação

Custos de operação total da filial para 2024: US $ 22,5 milhões

• Custos de aluguel e ocupação: US $ 9,7 milhões
• Utilitários e manutenção: US $ 4,3 milhões
• Tecnologia e equipamento de filial: US $ 5,2 milhões
• Segurança da filial: US $ 3,3 milhões

Custos de conformidade regulatória

Despesas totais de conformidade regulatória para 2024: US $ 16,9 milhões

Área de conformidade	Custo anual
Relatórios legais e regulatórios	US $ 6,4 milhões
Sistemas de lavagem de dinheiro (AML)	US $ 4,2 milhões
Infraestrutura de gerenciamento de riscos	US $ 3,7 milhões
Treinamento de conformidade	US $ 2,6 milhões

Despesas de marketing e aquisição de clientes

Total de marketing e orçamento de aquisição de clientes para 2024: US $ 11,2 milhões

• Campanhas de marketing digital: US $ 4,5 milhões
• Publicidade tradicional: US $ 3,1 milhões
• Programas de aquisição de clientes: US $ 2,6 milhões
• Pesquisa de mercado: US $ 1 milhão

Bank First Corporation (BFC) - Modelo de negócios: fluxos de receita

Receita de juros de empréstimos e hipotecas

Em 2023, a Primeira Corporação do Banco gerou US $ 287,4 milhões em receitas de juros de empréstimos e hipotecas. A quebra das carteiras de empréstimos é a seguinte:

Categoria de empréstimo	Volume total ($ m)	Receita de juros ($ m)
Empréstimos comerciais	1,245	98.6
Hipotecas residenciais	2,678	134.2
Empréstimos ao consumidor	756	54.6

Taxas de serviço bancário

As taxas de serviço bancário contribuíram com US $ 42,3 milhões para a receita da BFC em 2023.

• Taxas de manutenção de conta: US $ 18,7 milhões
• Taxas de transação ATM: US $ 9,6 milhões
• Taxas de cheque especial: US $ 7,4 milhões
• Taxas de transferência de fio: US $ 6,6 milhões

Serviços de consultoria de gestão de patrimônio

Os serviços de gerenciamento de patrimônio geraram US $ 63,9 milhões em 2023.

Categoria de serviço	Receita ($ m)
Planejamento financeiro	24.5
Aviso de investimento	39.4

Taxas de transação do comerciante

As taxas de transação do comerciante totalizaram US $ 22,7 milhões em 2023.

• Processamento de cartão de crédito: US $ 15,3 milhões
• Processamento de cartão de débito: US $ 7,4 milhões

Comissões de produtos de investimento

As comissões de produtos de investimento atingiram US $ 47,2 milhões em 2023.

Produto de investimento	Comissões ($ M)
Fundos mútuos	22.6
Contas de aposentadoria	14.8
Investimentos em títulos	9.8

Bank First Corporation (BFC) - Canvas Business Model: Value Propositions

You're looking at the core promises Bank First Corporation (BFC) makes to its customers, especially now, following the strategic acquisition of Centre 1 Bancorp, Inc.

Relationship-focused, community-based banking model

Bank First Corporation emphasizes deep community roots, a value shared with the acquired institution. This commitment is evidenced by the stability of their deposit base. As of June 30, 2025, Bank First Corporation's non-interest-bearing deposits represented 22% of its total deposits, which was $3.60 billion at that time. This figure is notably above the industry average of under 20%, suggesting strong, sticky customer relationships that form the foundation of the business.

Local decision-making for faster, personalized service

The model is built on responsive service derived from localized authority. This structure is intended to cut through bureaucracy, helping you get decisions faster than you might at a larger, more centralized institution. The merger expands this community-oriented footprint into new relationship-oriented markets in southern Wisconsin and northern Illinois.

Comprehensive financial solutions: banking, wealth, and insurance

Bank First Corporation offers a full suite of services, moving beyond basic transaction accounts. The value proposition includes integrating specialized services through strategic partnerships and ownership stakes. You gain access to:

• Wealth management services, enhanced by the integration of The First National Bank and Trust Company's capabilities.
• Insurance offerings through Bank First's 40% ownership stake in Ansay & Associates, an independent insurance agency.

Expanded lending capacity post-merger (combined assets nearly $6 billion)

The acquisition of Centre 1 Bancorp significantly bolsters the balance sheet, unlocking greater capacity to support customer needs. Based on financial results as of June 30, 2025, the combined entity will possess total assets of approximately $5.91 billion. This growth translates directly into enhanced lending power for the combined customer base.

Metric (Pro Forma, based on 6/30/2025 data)	Amount
Total Assets	$5.91 billion
Total Loans	$4.58 billion
Total Deposits	$4.89 billion

Relationship pricing, like a 0.25% mortgage rate reduction

A key component of the relationship model is offering preferential terms to established customers. While the specific 0.25% mortgage rate reduction is a stated goal of relationship pricing, Bank First Corporation provides concrete mortgage offerings to illustrate its product depth. For instance, as of early December 2025, featured purchase rates for highly qualified borrowers included:

Mortgage Product (as of Dec 2025)	Rate	APR
Conventional 30 Year Fixed	6.125%	6.175%
Conventional 30 Year Fixed (Alternative Date)	6.000%	6.050%
Conventional 15 Year Fixed	5.500%	5.583%

These rates are based on specific qualification criteria, such as a credit score of 740 or above and a debt-to-income ratio under 40%. Finance: draft 13-week cash view by Friday.

Bank First Corporation (BFC) - Canvas Business Model: Customer Relationships

You're looking at how Bank First Corporation (BFC) keeps its customers close, which is central to its community bank identity, especially as it grows through acquisitions like the announced Centre 1 Bancorp, Inc. deal valued at roughly $174.3 million as of July 17, 2025.

High-touch, relationship-driven service model

Bank First Corporation emphasizes a service model rooted in personal connection. CEO Mike Molepske noted that the team of relationship-focused bankers drove significant financial returns in the first quarter of 2025. This focus is set against a backdrop where, industry-wide in 2025, 89% of consumers are satisfied with their financial institution, yet 17% are likely to switch banks. Bank First Corporation operates through 27 banking locations in Wisconsin as of mid-2025, supported by approximately 366 full-time equivalent staff. This structure supports a model where the bank aims to cultivate the deep confidence customers have in their primary bank, which is trusted twice as much as tech companies for advice.

Dedicated commercial and treasury management officers

The commitment to dedicated officers underpins the service for business clients. While the exact count of dedicated officers isn't public, the structure supports a significant asset base managed by a lean team. As of June 30, 2025, Bank First Corporation managed total assets of $4.37 billion. This translates to approximately $11.94 million in assets per full-time equivalent staff member, suggesting a high level of responsibility and direct client engagement for those in commercial and treasury roles. The bank offers Treasury Management services including Remote Deposit Capture and Positive Pay. The planned combined entity post-Centre 1 merger is projected to control roughly $5.91 billion in assets, which will further test the capacity of this relationship-focused staffing model.

Personalized service through branch staff

Personalized service starts at the branch level, which is the initial point of contact for many new consumer and small business customers. Bank First Corporation maintains its 27 banking locations in Wisconsin, a network that the company has grown through both acquisitions and de novo branch expansion. The bank's core deposit strength, with more than 25% of funds sitting in non-interest-bearing checking accounts, is often a direct result of strong local relationships built by branch staff. This 'sticky, cost-nothing cash' provides a financial cushion, which is a direct outcome of customer loyalty that relationship banking aims to secure.

Relationship-based pricing for multiple product users

Bank First Corporation structures its offerings to reward deeper relationships, though specific discount percentages are proprietary. The strategy is evident in the focus on cross-selling wealth management and insurance services to diversify revenue beyond lending. The merger with Centre 1 Bancorp, for instance, is expected to add $0.25-$0.35 per share in earnings by 2027, driven in part by expanded cross-selling. The bank offers a suite of products that encourage bundling, including Personal Checking, Savings, Wealth Management, and Business services like SBA Lending and Commercial Real Estate Loans. The net interest margin (NIM) improvement to 3.72% in Q2 2025, partly due to new loans pricing higher while deposits reprice lower, shows the benefit of managing the asset/liability mix, which is often optimized for long-term, multi-product clients.

Metric	Value as of Late 2025 Data Point	Source Context
Total Banking Locations	27	Wisconsin locations as of Q2 2025 reporting.
Total Full-Time Equivalent Staff	Approximately 366	Staff count as of late 2025.
Total Assets (June 30, 2025)	$4.37 billion	Reported total assets.
Non-Interest Bearing Deposits (as % of Total Deposits)	More than 25%	For the combined entity post-Centre 1 merger, reflecting core relationship strength.
Q2 2025 Net Income	$16.9 million	Quarterly financial result.
Centre 1 Bancorp Acquisition Value	Approximately $174.3 million	All-stock deal announced July 2025.

The bank's strategy is to use its physical presence and dedicated personnel to foster relationships that result in sticky, low-cost deposits and cross-sold services. If onboarding for new products takes 14+ days, churn risk rises, so efficiency in service delivery is key to maintaining the high satisfaction seen across the industry.

Finance: draft 13-week cash view by Friday.

Bank First Corporation (BFC) - Canvas Business Model: Channels

You're looking at how Bank First Corporation (BFC) gets its products and services into the hands of its customers across Wisconsin and beyond. The channel strategy balances a physical presence with modern digital access, which is key for a community-focused bank growing its footprint.

The core of the physical channel remains its established brick-and-mortar footprint. As of late 2025, Bank First Corporation provides its full suite of loan, deposit, and treasury management products through its 27 banking locations exclusively within Wisconsin. This network is actively managed, with a recent announcement in November 2025 regarding the grand opening of a new branch in Denmark.

The digital channel is clearly a priority, supporting the physical network. Bank First has deployed a new digital banking platform that is now live, featuring enhanced functionality, a sleek design, and tools built for remote management. This platform supports core functions like balance inquiries, fund transfers, bill payment, and mobile check deposit.

For cash access, the bank relies on its owned locations and participation in shared networks. While the exact total number of proprietary and shared ATMs for 2025 isn't explicitly detailed in the latest reports, Bank First prominently features access to MoneyPass ATMs on its public-facing materials, indicating a broad, surcharge-free network reach beyond its own branches.

The direct sales force is crucial for the more complex, relationship-driven products, particularly in lending. This channel focuses on delivering specialized services to commercial and agricultural clients. The bank's Relationship Managers are standing by to guide clients through processes like mortgage applications. The scale of this channel supports a significant loan portfolio; as of September 30, 2025, total loans stood at $3.63 billion.

The overall reach and scale of the channels are reflected in the balance sheet figures as of September 30, 2025, which show total assets of $4.42 billion and total deposits of $3.54 billion. Furthermore, the announced merger with Centre 1 Bancorp, Inc., based on June 30, 2025 financials, is set to expand the combined entity's asset base to nearly $5.91 billion, indicating a significant expansion of the channel footprint into northern Illinois markets post-conversion.

Here is a summary of the key channel metrics and associated financial scale:

Channel Component	Metric/Status (Late 2025)	Associated Financial Data Point
Physical Branch Network	27 banking locations in Wisconsin	Total Assets: $4.42 billion (as of 9/30/2025)
Digital Banking	New digital banking platform now live with enhanced features	Noninterest-bearing demand deposits: 28.2% of total deposits (as of 9/30/2025)
ATM Network	Access via MoneyPass ATMs network	Total Loans: $3.63 billion (as of 9/30/2025)
Direct Sales Force	Dedicated Relationship Managers for commercial/agricultural lending	Projected Combined Assets Post-Merger: Nearly $5.91 billion

The bank's channel strategy supports its relationship-based model through specific service offerings:

• Physical Branch Services: Loan origination, deposit taking, and treasury management products.
• Digital Platform Features: Mobile check deposit, real-time alerts, and 24/7 account management.
• Lending Focus: Direct support for agricultural operations, real estate purchases, and business expansion.
• Partnership Channels: Trust, investment advisory, and insurance services offered via regional partners.

Bank First Corporation (BFC) - Canvas Business Model: Customer Segments

You're looking at the core groups Bank First Corporation (BFC) serves as of late 2025. This isn't just about who banks there; it's about the specific financial needs they meet across their footprint, which is heavily concentrated in Wisconsin, with strategic expansion noted.

Bank First Corporation (BFC) serves a diverse set of clients, ranging from individuals managing daily finances to businesses needing commercial credit and specialized agricultural support. The bank's structure, including its 27 banking locations in Wisconsin, is built to support these distinct segments. Relationships are at the core of how Bank First Corporation builds and maintains its business, often using local architects and contractors who are also customers.

The scale of the operations supporting these segments, as of the third quarter of 2025, shows a significant asset base:

Metric	Amount as of September 30, 2025	Amount as of March 31, 2025
Total Assets	$4.42 billion (TTM) / $4.4 billion	$4.51 billion
Total Loans	$3.63 billion	$3.55 billion
Total Deposits	$3.54 billion	$3.67 billion
Nonperforming Assets	$13.9 million	N/A
Nonperforming Assets to Total Assets Ratio	0.31%	0.17%

The bank is actively growing, evidenced by the total loans increasing by $112.5 million from December 31, 2024, to September 30, 2025.

Here is the breakdown of the primary customer segments Bank First Corporation targets:

• Individuals and families (consumer banking)
• Small to mid-sized businesses and professionals
• Agricultural clients (a defintely strong historical focus)
• High-net-worth individuals (via wealth management services)

The geographic focus is clearly defined, though the prompt mentions northern Illinois, the latest data emphasizes Wisconsin expansion:

• Customers primarily in Wisconsin, served by 27 banking locations.
• Strategic expansion into Door County with a new office opening in the second quarter of 2025.
• The upcoming acquisition of First National Bank & Trust in Beloit, Wisconsin, scheduled to close on January 1, 2026, signals continued in-state growth.

For Individuals and families (consumer banking), Bank First Corporation offers a full suite of deposit products, including checking, savings, money market accounts, and Certificates of Deposit (CDs). They also provide home mortgage loans and secured/unsecured consumer loans. Noninterest-bearing demand deposits represented 28.2% of total deposits as of September 30, 2025.

The Small to mid-sized businesses and professionals segment is served through commercial and industrial loans, commercial real estate loans, and construction/development financing. Treasury Management Services, like remote deposit capture and payroll services, are tailored for these entities to optimize cash flow.

The segment with a strong historical focus, Agricultural clients, receives specialized loan products such as operating loans, equipment financing, and land loans. While the exact loan percentage is not segmented in the latest reports, the historical focus remains a key part of the value proposition.

High-net-worth individuals access trust, investment advisory, and other financial services, often in collaboration with regional partners like Ansay & Associates, LLC, in which Bank First Corporation holds a 40.0% interest.

The bank's overall recognition, such as being named one of America's Best Banks for 2025 by Forbes, reflects its ability to serve this customer base effectively across its metrics of growth, profitability, and credit quality.

Finance: review the pro-forma asset mix post-Beloit acquisition by October 31st.

Bank First Corporation (BFC) - Canvas Business Model: Cost Structure

You're looking at the expense side of Bank First Corporation (BFC)'s operations as of late 2025, right after they've navigated significant M&A activity. Honestly, the cost structure is heavily influenced by personnel, the ongoing cost of funding, and the one-time hits from integrating new businesses.

The primary cost drivers for Bank First Corporation (BFC) during the third quarter of 2025 included interest paid on liabilities, employee-related expenses, and general operating overhead, plus specific merger charges.

For the third quarter of 2025, Bank First Corporation (BFC) reported a consolidated cost of funds of 1.93%. This metric gives you a sense of the overall expense to fund their assets, which is directly tied to interest paid on customer deposits and other borrowings. The Net Interest Margin (NIM) for Q3 2025 was 3.88%.

Personnel and compensation costs are a major component of noninterest expense. For the third quarter of 2025, the growth in noninterest expense was primarily driven by an increase in salaries and employee benefits of $3.5 million compared to the prior-year third quarter. The specific number of 366 FTE staff was not explicitly detailed in the latest filings I have access to, so I can only report the change in compensation expense.

Branch and technology infrastructure operating expenses fall under occupancy expense and other noninterest expenses. Occupancy expense contributed to the rise in noninterest expense, largely due to repairs and maintenance. In a related context from earlier in 2025, higher data-processing bills were noted as a cost tied to digital banking upgrades.

Merger-related expenses are a clear, quantifiable cost. Bank First Corporation (BFC) incurred over $891,000 in merger expenses through the first nine months of 2025 related to the acquisition of First National Bank & Trust in Beloit Wisconsin. Specifically for Q3 2025, outside service fees related to the acquisition of Centre 1 Bancorp, Inc. totaled $0.9 million. The non-GAAP reconciliation for Q3 2025 also listed $0.862 million in acquisition-related expenses.

Here's a quick look at the key cost-related figures we have for Bank First Corporation (BFC) around Q3 2025:

Cost Component	Period	Amount (USD)
Consolidated Cost of Funds	Q3 2025	1.93%
Increase in Salaries and Employee Benefits	Q3 2025 vs Q3 2024	$3.5 million
Merger Expenses (Nine Months Ended Sept 30, 2025)	9M 2025	Over $891,000
M&A Related Outside Service Fees	Q3 2025	$0.9 million
Non-GAAP Acquisition-Related Expenses	Q3 2025	$0.862 million

You should also note the total noninterest expense for Q3 2025 was $21.1 million, which is up from $20.8 million in the prior quarter.

The structure of these costs can be broken down by the general categories that make up the noninterest expense:

• Personnel and compensation costs (salaries and benefits)
• Occupancy expense (branch/infrastructure)
• Outside service fees (including M&A integration costs)
• Other noninterest expense driven by professional fees

If onboarding the acquired entities takes longer than expected, those outside service fees and professional fees could definitely spike again next quarter. Finance: draft 13-week cash view by Friday.

Bank First Corporation (BFC) - Canvas Business Model: Revenue Streams

You're looking at the core ways Bank First Corporation generates its top-line income as of late 2025. It's a classic banking model, heavily reliant on the spread between what they earn on assets and what they pay for liabilities, supplemented by fees for services.

The primary driver remains Net Interest Income (NII), which flows directly from the balance sheet. At the close of the third quarter of 2025, Bank First Corporation reported total loans outstanding of $3.63 billion. This loan portfolio is the engine for NII. For a recent quarterly snapshot, Net Interest Income for the second quarter of 2025 was $36.7 million.

The firm's consensus estimate for its total revenue for the full 2025 fiscal year sits at $175.1 million. This top-line projection is supported by the bottom-line performance reported through the first nine months of 2025, where Bank First Corporation posted a net income of $53.1 million.

Non-Interest Income provides diversification, coming from wealth management, insurance, and various service fees. This stream is important for stability when interest rate environments shift. Here's a look at the quarterly non-interest income figures we have for 2025:

Period Ending	Total Non-Interest Income	Key Component Mentioned
March 31, 2025 (Q1)	$6.6 million	Higher service charges; $1.0M BOLI gain
June 30, 2025 (Q2)	$4.9 million	Ansay & Associates, LLC income: $1.2 million
September 30, 2025 (Q3)	$6.0 million	Trust revenue, treasury income, sweep fees, securities transactions increased vs. prior year

You can see the fee-based income stream is lumpy, partly due to one-time items like the BOLI (Bank Owned Life Insurance) death benefit mentioned in Q1. The wealth management component, largely through the Ansay & Associates, LLC investment, contributed $1.2 million in the second quarter of 2025 alone. This is a key part of the non-interest income bucket.

Fees from treasury management and other banking services are bundled within the non-interest income. For the third quarter of 2025, management noted that specific components like trust revenue, treasury income, sweep fees and securities transactions all saw increases compared to the third quarter of 2024. These are the direct fees for services like cash management for business clients.

To summarize the key performance indicators related to revenue generation as of late 2025:

• Total Loans (9/30/2025): $3.63 billion
• Net Income (9M 2025): $53.1 million
• Projected Full Year 2025 Revenue: $175.1 million
• Q2 2025 Net Interest Income: $36.7 million
• Q3 2025 Non-Interest Income: $6.0 million

Finance: draft 13-week cash view by Friday.