# PEOPLES STATE BANK
SHEPHERD, TX · FDIC certificate 10345 · asset band <$300M · latest filing 2026-06 · live

**Verdict on the desk:** this could be *run candidate*. 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 | $181.2M | |
| Deposits | $149.7M | |
| Loans and leases | $101.9M | |
| Total equity | $15.9M | |
| Loans / deposits | 67.37% (p41 of band) | 73.59% |
| Liquid assets / assets | 39.10% (p62 of band) | |
| Uninsured deposits / deposits | 22.82% (p61 of band) | 19.81% |
| Brokered deposits | 2.65% | |
| Wholesale funding | 10.92% (p85 of band) | |
| FHLB advances / assets | 8.28% | |
| Tier 1 leverage | 10.66% (p35 of band) | 11.76% |
| Unrealized securities loss / equity | -33.14% (p12 of band) | -6.57% |
| AOCI / equity | -0.61% (p40 of band) | |
| ROA (annualized) | 1.36% (p61 of band) | 1.17% |
| Net interest margin | 4.37% (p71 of band) | 3.93% |
| Efficiency ratio | 63.93% (p45 of band) | |
| Noncurrent loans | 1.25% (p75 of band) | 0.36% |
| Net charge-offs (annualized) | 0.00% (p38 of band) | |
| Reserve coverage of noncurrent | 81.10% | |
| Real estate % of loans | 92% | |
| Construction % of loans | 181.95% (p99 of band) | |
| Auto loans | $1.8M (1.76% of loans; DQ 7.65%, NCO 0.00%) | |
| Loans to nondepository financials | $0 (0% of equity) (p48 of band) | |
| Deposits YoY | -0.7% | |
| Employees | 33 | |

## Flags firing in the latest filing

- **securities losses >30% of equity** (`cap_secloss`)
- **reserve under noncurrent** (`aq_reserve`)
- **construction >100% equity** (`conc_construction`)

## Warning timeline

| Quarter | Score | Flags that first fired | Flags that cleared |
|---|---|---|---|
| 2011-03 | 1 | construction >100% equity |  |
| 2011-06 | 2 | reserve under noncurrent |  |
| 2011-09 | 2 |  |  |
| 2011-12 | 2 |  |  |
| 2012-03 | 3 | capital falling |  |
| 2012-06 | 1 |  | construction >100% equity, capital falling |
| 2012-09 | 1 |  |  |
| 2012-12 | 0 |  | reserve under noncurrent |
| 2013-03 | 1 | capital falling |  |
| 2013-06 | 1 | construction >100% equity | capital falling |
| 2013-09 | 1 |  |  |
| 2013-12 | 1 |  |  |
| 2014-03 | 2 | capital falling |  |
| 2014-06 | 1 |  | capital falling |
| 2014-09 | 1 |  |  |
| 2014-12 | 0 |  | construction >100% equity |
| 2015-03 | 0 |  |  |
| 2015-06 | 0 |  |  |
| 2015-09 | 0 |  |  |
| 2015-12 | 1 | construction >100% equity |  |
| 2016-03 | 1 |  |  |
| 2016-06 | 2 | capital falling |  |
| 2016-09 | 0 |  | construction >100% equity, capital falling |
| 2016-12 | 1 | construction >100% equity |  |
| 2017-03 | 1 |  |  |
| 2017-06 | 1 |  |  |
| 2017-09 | 0 |  | construction >100% equity |
| 2017-12 | 0 |  |  |
| 2018-03 | 0 |  |  |
| 2018-06 | 2 | capital falling, construction >100% equity |  |
| 2018-09 | 1 |  | capital falling |
| 2018-12 | 1 |  |  |
| 2019-03 | 1 | deposits shrinking | construction >100% equity |
| 2019-06 | 3 | assets shrinking, uninsured deposits leaving |  |
| 2019-09 | 2 |  | assets shrinking |
| 2019-12 | 1 | construction >100% equity | deposits shrinking, uninsured deposits leaving |
| 2020-03 | 1 |  |  |
| 2020-06 | 1 |  |  |
| 2020-09 | 1 |  |  |
| 2020-12 | 2 | capital falling |  |
| 2021-03 | 2 |  |  |
| 2021-06 | 1 |  | capital falling |
| 2021-09 | 1 |  |  |
| 2021-12 | 1 |  |  |
| 2022-03 | 3 | AOCI drag >20% of equity, securities losses >30% of equity |  |
| 2022-06 | 3 |  |  |
| 2022-09 | 3 |  |  |
| 2022-12 | 3 |  |  |
| 2023-03 | 4 | deposits shrinking, assets shrinking | AOCI drag >20% of equity |
| 2023-06 | 2 |  | deposits shrinking, assets shrinking |
| 2023-09 | 3 | deposits shrinking |  |
| 2023-12 | 2 |  | deposits shrinking |
| 2024-03 | 2 |  |  |
| 2024-06 | 2 |  |  |
| 2024-09 | 2 |  |  |
| 2024-12 | 4 | deposits shrinking, assets shrinking |  |
| 2025-03 | 2 |  | deposits shrinking, assets shrinking |
| 2025-06 | 4 | deposits shrinking, uninsured deposits leaving |  |
| 2025-09 | 4 |  |  |
| 2025-12 | 3 | reserve under noncurrent | deposits shrinking, uninsured deposits leaving |
| 2026-03 | 3 |  |  |
| 2026-06 | 3 |  |  |

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

- 2026-09-09 [Peoples State Bank and Bank First Corp. intend to merge in 2026 - Chippewa Herald](https://news.google.com/rss/articles/CBMiogFBVV95cUxQWTh1OWF1clR6cV9JWng4Rk9wbUlmeTdwb0FVWktHa1plV1JTQTJvNTdEM3V5UllWSGdxVkZpbm44MUZrNHBDYjdXZzNiT3pla1dZemxHS09Ib29NS01WRUNFa3BQbkFXdGpJYmZERHpSdnp4RDQ1RkQ3Z292bW9xUko1SlhBLVYxcTV6VWFsN2VkQkx4SThSU2RnTEE3bEZNMkE?oc=5) · Chippewa Herald
- 2026-05-20 [Bank First Corp. signs agreement to acquire Peoples State Bank’s parent company - Wausau Pilot & Review](https://news.google.com/rss/articles/CBMivwFBVV95cUxOeHRXOFp2TlJYUDVta0dCa3BKLXI3VFlVM1FRaGJvYTdWczVFZ1FkQklHTUdLaDgySW5IZkJaZ2QzRkUyUTdjeTZpMm80cjJlVzBkVHhTNzZJd0NDTVFYVFFDZERNM0tmWE0yc1VvN0RpV0s4VXgyR1YtRHQwZll0UkxtVFlYV2liYVBlaEFmeFoxeU5LcDROMU80cmw0RmNyVGxHSXdiOFlDTHctU253NUNPd1BFOXUtckk2UHd1MA?oc=5) · Wausau Pilot &amp; Review
- 2026-02-18 [List Of Failed Banks: 2009-2026 - Bankrate](https://news.google.com/rss/articles/CBMiZEFVX3lxTFAtbi1TaWMteGEyOHdQbnlXd0tPRzM2WFJQZjdPdzViQTZFLVVHODJRTEdqRWhnMkxIOG5xMUVSWU5iNHZSbVpnQ2Z4TWdiMDVwN2NTdUNGd3dXZ2tGcGZ2VWVJRnM?oc=5) · Bankrate
- 2026-07-03 [Doug Ford Obituary - Abilene Reporter-News](https://news.google.com/rss/articles/CBMiYEFVX3lxTE5IQkQzbnE3ODBnQXZrNE5LYzJ3Rnh3dFdUTzZZSElqOW52YWUxa0RTWTRFX3otYm5TM294dERuMm9pT0xMc0xfdlFHZHNzaUF5aWlOaVc5ZENFWXBnc1h6Rw?oc=5) · Abilene Reporter-News
- 2020-10-28 [Lightening up at Peoples State in Wisconsin - American Banker](https://news.google.com/rss/articles/CBMihgFBVV95cUxNMVY4elhQX2hGZlZKcHU3cjN0eC10VnJHelBiT01rR0RmVUlkU2FrX3A2TEo3UGo1X3hNdkxMc3JpM1N1TFVMMktIVHBZZWFWaXNJYVZ5Sm51MEFBd3ZDMUw1VHVEa3RlWVRqcXpHUm9EWGNjQThaYjJCNTh0SHptdUlGTXV5QQ?oc=5) · American Banker
- 2021-04-19 [Alabama bank to buy Peoples State - Nashville Post](https://news.google.com/rss/articles/CBMiygFBVV95cUxQMXlDYWg2Vkw5aUdvZndUZXFLd19wSmpKRlZtZ0V6UU5ha19jVmRzaDdLcjRkRmFtT1pQeG1abjlSNzRQem1wUTlvN2xaTTJvTThYOWxMUjkxV2E0eWYtV2FrSjgzcHdiUTB1RFBtRmlwSVhPazVDeTlWVzVYYWp6U1doaFdsTnFzODl4R3NRdjVzV0k2ZGpYSl9xa2VVckl0UU14UG9EWlVIdHpEcDVEUUZMR0Q5Z0twQ3RqNm9RdFVrbXliRWRiNVl3?oc=5) · Nashville Post
- 2011-02-12 [Feds Shut Down People's State Bank - CBS News](https://news.google.com/rss/articles/CBMikgFBVV95cUxQQUlsVGREQmVTNlR4SkYwZzk0a296SjJhcnIyaUU2MlJmcE9Ed1B2Wk9Cc0ZXYjV5d3NCdXBRZDF6dGVpNXBjbkRkYXkwN0JBbFhtdktpNTlLWGZNWnE3QUU5a2ItRWNja2RXWFg0QUdRODB5YWZSSXNrdURWTVBqaDN4ODFPMHFXQjU3Z0pfWGxVQQ?oc=5) · CBS News
- 2012-09-26 [MidSouth acquiring north Louisiana's Peoples State Bank - theind.com](https://news.google.com/rss/articles/CBMiSkFVX3lxTE84M0ZjbEZzTjRQRE1xWUttLWhxcVVSaVlnWW5Ic0w4NzNxaEY1VkI1dGJIYnV4OWdIOThqR2hDcGt6clpZTENpV1Rn?oc=5) · theind.com

## How to verify

- Page: https://getbookiq.com/bank-desk/#bank=10345 (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/41.json (key "10345", 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