Network oriented modeling of the passive microwave circuits provides a useful representation of the circuit and leads to the reduction of the required computer time and memory capacity. The proposed stability criterion allows dividing the simulation or measurement results into two parts representing a lumped elements model and distributed parameters model. The system identification procedure defines the order of the lumped elements model and the positions of poles and zeros in the complex frequency plane. The time-domain simulation results for the input impedance of the bowtie antenna in comparison with a method of moments solution are presented.