# NORTH AMERICAN STATE BANK
BELGRADE, MN · FDIC certificate 10179 · asset band <$300M · latest filing 2018-09 · stopped filing (departed)

**Verdict on the desk:** this could be *ordinary*. Composite score 3 (one point per flag, capital below 5% counted twice; 7 or more is where departures cluster).

## What the filing shows (filed dollars, derived ratios; band percentiles in parentheses)

| Measure | Value | Band median |
|---|---|---|
| Total assets | $96.8M | |
| Deposits | $84.2M | |
| Loans and leases | $64.6M | |
| Total equity | $12.4M | |
| Loans / deposits | 75.07% (p44 of band) | 78.40% |
| Liquid assets / assets | 28.14% (p48 of band) | |
| Uninsured deposits / deposits | 12.10% (p35 of band) | 15.34% |
| Brokered deposits | 0.00% | |
| Wholesale funding | 0.00% (p18 of band) | |
| FHLB advances / assets | 0.00% | |
| Tier 1 leverage | 13.18% (p71 of band) | 11.34% |
| Unrealized securities loss / equity | -2.16% (p59 of band) | -3.15% |
| AOCI / equity | -2.38% (p41 of band) | |
| ROA (annualized) | 0.87% (p38 of band) | 1.02% |
| Net interest margin | 3.96% (p60 of band) | 3.82% |
| Efficiency ratio | 81.53% (p80 of band) | |
| Noncurrent loans | 2.15% (p85 of band) | 0.57% |
| Net charge-offs (annualized) | -0.01% (p20 of band) | |
| Reserve coverage of noncurrent | 99.86% | |
| Real estate % of loans | 68% | |
| Construction % of loans | 9.74% (p38 of band) | |
| Auto loans | $266,000 (0.41% of loans; DQ 0.00%, NCO 0.00%) | |
| Loans to nondepository financials | $0 (0% of equity) (p48 of band) | |
| Deposits YoY | -3.6% | |
| Employees | 25 | |

## Flags firing in the latest filing

- **reserve under noncurrent** (`aq_reserve`)
- **assets shrinking** (`shrink_assets`)
- **uninsured deposits leaving** (`flight_uninsured`)

## Warning timeline

| Quarter | Score | Flags that first fired | Flags that cleared |
|---|---|---|---|
| 2011-03 | 1 | reserve under noncurrent |  |
| 2011-06 | 1 |  |  |
| 2011-09 | 2 | noncurrent p90 |  |
| 2011-12 | 3 | capital falling |  |
| 2012-03 | 3 | losing money, expense ratio p90 | noncurrent p90, capital falling |
| 2012-06 | 5 | noncurrent p90, uninsured deposits leaving |  |
| 2012-09 | 4 |  | uninsured deposits leaving |
| 2012-12 | 5 | capital falling |  |
| 2013-03 | 1 |  | losing money, expense ratio p90, noncurrent p90, capital falling |
| 2013-06 | 1 |  |  |
| 2013-09 | 1 | AOCI drag >20% of equity | reserve under noncurrent |
| 2013-12 | 1 |  |  |
| 2014-03 | 2 | expense ratio p90, uninsured deposits leaving | AOCI drag >20% of equity |
| 2014-06 | 0 |  | expense ratio p90, uninsured deposits leaving |
| 2014-09 | 0 |  |  |
| 2014-12 | 0 |  |  |
| 2015-03 | 0 |  |  |
| 2015-06 | 0 |  |  |
| 2015-09 | 3 | deposits shrinking, assets shrinking, uninsured deposits leaving |  |
| 2015-12 | 3 |  |  |
| 2016-03 | 3 |  |  |
| 2016-06 | 3 |  |  |
| 2016-09 | 0 |  | deposits shrinking, assets shrinking, uninsured deposits leaving |
| 2016-12 | 0 |  |  |
| 2017-03 | 0 |  |  |
| 2017-06 | 0 |  |  |
| 2017-09 | 0 |  |  |
| 2017-12 | 0 |  |  |
| 2018-03 | 0 |  |  |
| 2018-06 | 2 | reserve under noncurrent, uninsured deposits leaving |  |
| 2018-09 | 3 | assets shrinking |  |

## In the news (Google News, unfiltered, newest first; check the city)

- 2018-12-12 [North American State Bank acquired by Kensington - West Central Tribune](https://news.google.com/rss/articles/CBMihwFBVV95cUxORzVnRkZqcm9ZS3kxM3hrQ1I5Mm9acEt0N2FRRzFLMWpfY2JNSDd4NFpwMTcwMjY1SG5DREE4anpXRUdlMGRHMGlGVkJ6WmdJR2ZNRTdHWFctMkc4UlpueWdGZ2d4UHhnUHJ3cXVWd3RqVDRQVG84Q1pCMW1NMWxFeHhUU3ZFUFU?oc=5) · West Central Tribune
- 2014-08-22 [North American State Bank names president/CEO - St. Cloud Times](https://news.google.com/rss/articles/CBMisAFBVV95cUxNTVE1dlB6eXpXMHZNQ05yWGd4TnhVc3ZUR25mNmpmR2hWbDRNS1FEU3EwMXFpV21RVTdEZ0E2TG5PMWVzMEJHenlmeVVSQXVhOHdLemRILWhXbjhNTk52X0hxNkVyem93bHZaOEptZk1VZ05iSk5WTnZsZXdRWlVVamt3ejJFM1pNcjlYOHNqbl9KU2JYMWF1ZjNMT3ZmS0d0SDlJQXcycE9tVWVLQnVBRw?oc=5) · St. Cloud Times
- 2024-07-04 [David Bauer Obituary Oct 30, 2015 - Patton-Schad Funeral Home](https://news.google.com/rss/articles/CBMiX0FVX3lxTE01b0pmaGxNVDFTS0xCSmN3em95SlhfUkFZOUpFdzhyVmxBZ2VVamFRdy10QndNWnZBbzk5V2VCbVlGVXV1Um53Ry1mRXFocmM3T2swSXlPNUliZERDRlE0?oc=5) · Patton-Schad Funeral Home
- 2026-06-18 [Scott Cooper - The White River Valley Herald](https://news.google.com/rss/articles/CBMiXEFVX3lxTE1FTUc1YldoZU9fNWw2eWZVQXQtTlFPT3FEMURHbXB3a0sybDJmU3ZRVWdBTGRjekNJOElFOEwzT1BTWjJKSkRqT3R6aW9zaW5oOGcxMUJtS2JWR0ZO?oc=5) · The White River Valley Herald
- 2017-03-09 [MN Commerce Department Deputy Commissioner Busted in Prostitution Sting - Alpha News MN](https://news.google.com/rss/articles/CBMilgFBVV95cUxOWTRlcXd0U3g3Zlp6bUZza19aWDJjN2Y5bXBkVHg1ZVd3aHE4Y25jWFF2cVNNRWNVVmR6YUhkWWZRS1VtRVFVYld3VnFHdUZJM2VyanVORW55TThQUEUxNTJZd1RubUNZaW1OeTdmT3p2OW5QRHlWYzVjRmpSR2lxRkVBSm1jOGladkVqLXhsTjFjQVppdFE?oc=5) · Alpha News MN
- 2018-06-23 [Kaffe Fest exhibit runs through June - West Central Tribune](https://news.google.com/rss/articles/CBMieEFVX3lxTE9NYWtBYTYtcUg5NTRfcDB4T2NsUUtIcjczRllVY2t4YURiTHJFekgtWWJfWksxNTVGUklaaUh3dTJmaHZVLVB1cjZ0ZmVRQWVtWVNfOXRZWlNHdTJtMVc4Znl2QUVOMDd0MF9qRHJVNDB3QlZlak9WUA?oc=5) · West Central Tribune
- 2015-11-02 [David Bauer Obituary (1948 - 2015) - Elrosa, MN - St. Cloud Times - legacy.com](https://news.google.com/rss/articles/CBMiigFBVV95cUxOV1doenFyUUxqVnA5SFlnYVNFbnhOYnB4R09hczFnVWttbE5xTHkyVkdSWm5oUWMwb1BIc3JtdFl6ZzJzajVsdm1FT0FWTTU2M3lpdWduT3FwaGQ4UVBmT1Z2N3VVTkdseFJRTDNOZ0xHbkh5dHVUZ19yd2NZRDdvUXdXYWhjU210NWc?oc=5) · legacy.com
- 2016-11-10 [Barnes embraces life in the majors - West Central Tribune](https://news.google.com/rss/articles/CBMickFVX3lxTE02WEJFSWN2cUt1QzAyNlMyS2pUZTE0eVdCbGhleG50SWRHOWY1YVZtd1NOOTROMnNxN2VZcjRxVGN6UldwZ0xtVHJsdkxBMmpDdlRzdGVWcmZHbDBWeVlQMUVZbzVCbE04WkdvSVBJbGt1QQ?oc=5) · West Central Tribune

## How to verify

- Page: https://getbookiq.com/bank-desk/#bank=10179 (click any number for its formula and FFIEC field codes)
- Latest row, JSON: https://getbookiq.com/bank-desk/data/summary.json · history: https://getbookiq.com/bank-desk/data/h/3.json (key "10179", columns cycle, ASSET, DEP, LNLSGR, EQTOT, ltd, liquid_pct, unins_pct, lev, aoci_pct_eq, sec_loss_eq, roa, nim, eff, nc_pct, nco_pct, LNAUTO, auto_dq, auto_nco, LNNDEPD, ndfi_eq, wholesale_pct, dep_yoy, score, flags)
- Field definitions: https://getbookiq.com/dictionary/#bank-LNNDEPD and the rest of the bank dictionary
- Source: FDIC call report via BankFind, dollars in thousands as filed. Departed means stopped filing, which is usually a merger; FAILED is the FDIC's own list.

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Rendered 2026-09-10 from the desks' own data files. Full guide: https://getbookiq.com/guide