# ELGIN STATE BANK
ELGIN, IA · FDIC certificate 10489 · asset band <$300M · latest filing 2024-12 · stopped filing (departed)

**Verdict on the desk:** this could be *run candidate*. Composite score 5 (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 | $29.5M | |
| Deposits | $28.6M | |
| Loans and leases | $19.2M | |
| Total equity | $838,000 | |
| Loans / deposits | 66.74% (p42 of band) | 72.20% |
| Liquid assets / assets | 34.00% (p51 of band) | |
| Uninsured deposits / deposits | 8.87% (p11 of band) | 19.30% |
| Brokered deposits | 0.00% | |
| Wholesale funding | 0.00% (p20 of band) | |
| FHLB advances / assets | 0.00% | |
| Tier 1 leverage | 5.87% (p0 of band) | 11.46% |
| Unrealized securities loss / equity | -120.29% (p4 of band) | -13.79% |
| AOCI / equity | 8.83% (p97 of band) | |
| ROA (annualized) | -0.49% (p6 of band) | 0.90% |
| Net interest margin | 2.60% (p14 of band) | 3.57% |
| Efficiency ratio | 117.88% (p96 of band) | |
| Noncurrent loans | 0.00% (p13 of band) | 0.26% |
| Net charge-offs (annualized) | 0.09% (p84 of band) | |
| Reserve coverage of noncurrent | – | |
| Real estate % of loans | 59% | |
| Construction % of loans | 0.00% (p8 of band) | |
| Auto loans | $487,000 (2.53% of loans; DQ 0.00%, NCO 0.00%) | |
| Loans to nondepository financials | $0 (0% of equity) (p48 of band) | |
| Deposits YoY | -0.6% | |
| Employees | 6 | |

## Flags firing in the latest filing

- **leverage <7%** (`cap_low`)
- **capital falling** (`cap_falling`)
- **securities losses >30% of equity** (`cap_secloss`)
- **losing money** (`earn_negative`)
- **expense ratio p90** (`earn_efficiency`)

## Warning timeline

| Quarter | Score | Flags that first fired | Flags that cleared |
|---|---|---|---|
| 2011-03 | 0 |  |  |
| 2011-06 | 0 |  |  |
| 2011-09 | 0 |  |  |
| 2011-12 | 1 | reserve under noncurrent |  |
| 2012-03 | 3 | losing money, expense ratio p90 |  |
| 2012-06 | 2 |  | reserve under noncurrent |
| 2012-09 | 2 |  |  |
| 2012-12 | 3 | uninsured deposits leaving |  |
| 2013-03 | 4 | leverage <7%, capital falling | uninsured deposits leaving |
| 2013-06 | 3 | AOCI drag >20% of equity, securities losses >30% of equity | losing money, leverage <7%, capital falling |
| 2013-09 | 2 |  | expense ratio p90 |
| 2013-12 | 2 |  |  |
| 2014-03 | 2 | capital falling | AOCI drag >20% of equity |
| 2014-06 | 2 | expense ratio p90 | securities losses >30% of equity |
| 2014-09 | 1 |  | capital falling |
| 2014-12 | 4 | losing money, deposits shrinking, uninsured deposits leaving |  |
| 2015-03 | 4 | capital falling | deposits shrinking |
| 2015-06 | 4 | deposits shrinking | capital falling |
| 2015-09 | 1 |  | losing money, uninsured deposits leaving, deposits shrinking |
| 2015-12 | 2 | uninsured deposits leaving |  |
| 2016-03 | 2 |  |  |
| 2016-06 | 1 |  | uninsured deposits leaving |
| 2016-09 | 2 | uninsured deposits leaving |  |
| 2016-12 | 1 |  | uninsured deposits leaving |
| 2017-03 | 3 | capital falling, losing money |  |
| 2017-06 | 4 | uninsured deposits leaving |  |
| 2017-09 | 1 |  | capital falling, losing money, uninsured deposits leaving |
| 2017-12 | 1 |  |  |
| 2018-03 | 2 | losing money |  |
| 2018-06 | 3 | securities losses >30% of equity |  |
| 2018-09 | 2 |  | losing money |
| 2018-12 | 2 | capital falling | securities losses >30% of equity |
| 2019-03 | 2 |  |  |
| 2019-06 | 3 | losing money |  |
| 2019-09 | 4 | deposits shrinking, assets shrinking, uninsured deposits leaving | capital falling, losing money |
| 2019-12 | 3 |  | assets shrinking |
| 2020-03 | 4 | capital falling, losing money | deposits shrinking |
| 2020-06 | 4 |  |  |
| 2020-09 | 2 |  | capital falling, losing money |
| 2020-12 | 3 | leverage <7%, losing money | uninsured deposits leaving |
| 2021-03 | 2 | capital falling | expense ratio p90, losing money |
| 2021-06 | 2 |  |  |
| 2021-09 | 1 |  | capital falling |
| 2021-12 | 2 | expense ratio p90 |  |
| 2022-03 | 5 | AOCI drag >20% of equity, securities losses >30% of equity, charge-offs p90, reserve under noncurrent | expense ratio p90 |
| 2022-06 | 7 | expense ratio p90, deposits shrinking, assets shrinking, uninsured deposits leaving | charge-offs p90, reserve under noncurrent |
| 2022-09 | 4 |  | deposits shrinking, assets shrinking, uninsured deposits leaving |
| 2022-12 | 7 | charge-offs p90, assets shrinking, uninsured deposits leaving |  |
| 2023-03 | 5 | deposits shrinking | AOCI drag >20% of equity, charge-offs p90, uninsured deposits leaving |
| 2023-06 | 4 | losing money | assets shrinking, deposits shrinking |
| 2023-09 | 4 |  |  |
| 2023-12 | 5 | capital falling |  |
| 2024-03 | 5 |  |  |
| 2024-06 | 5 |  |  |
| 2024-09 | 5 |  |  |
| 2024-12 | 5 |  |  |

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

- 2025-01-14 [Retiring bank president professes love for community - Community Newspaper Group](https://news.google.com/rss/articles/CBMi_AFBVV95cUxNSjhrc2d6MjdLS1FPTk1rMjcwcWFvVWtSWjRXbHRlN2Q2TUVqZ1E1MmJEaGhIcW9jYmFLT0taZ2FPbzBaZy05bVhIU2MwV2o5dFphelFnYWd6aC1sc3RhWFgyR21zYkFUV3dWTkRTZlZQUHUwYkhUampNVUR2V21DeHhsdWpqYmx0QWJLU3BSX29RLU5MdEprM3NKaHBDcXpjZkJrbmJicXpURUkxVHhWLWtia2ZzV2RIci14RjEtYUxsa3lNSmZQdl9KbzN5WFJnWW9uNThVYUF1Z1lUZUZZS2h2Q0RpNUJQM3VuNTBSb0U4V0dVQlFvejZEUV8?oc=5) · Community Newspaper Group
- 2026-08-02 [Larry Merwyn Ormston, Elgin, Iowa, August 2, 2026 - Grau Funeral Homes](https://news.google.com/rss/articles/CBMiiwFBVV95cUxQOUNzUklRSUlWN3RuOWxBbG1ka0F0V0kwUkFRNm5IdTlLM3d0X001ZnVBdXkya1VjVmhDSFpNZXJzY3BHSXhQOUVmdk96QkoyMHhxM0xWSFJCbGYwWmtJcnozbVAzVS10bHppRmJvRVhnZi1Cdk45V1BEenN4MnhWdDZoanZ3M3hNRFc4?oc=5) · Grau Funeral Homes
- 2011-01-13 [Paul F Crandall Obituary Jan 13, 2011 - lawjonesfuneralhome.com](https://news.google.com/rss/articles/CBMibEFVX3lxTE5oVnhpSGU4dkh0RXdMdEFfazNCdWM4Sm9hSU9YMEplVjlkamFCQnVTNzdpbGU4RUpmZEhQd0txUUhscDV0bTU5XzZmMExlOFUtTXFTOHd3Yl85cUFSUGVIYXFRRTg4VDZLaHpCOQ?oc=5) · lawjonesfuneralhome.com
- 2025-07-17 [Harry Leslie Cline Obituary (2025) - Cedar Rapids, IA - Iowa Cremation - Cedar Rapids - legacy.com](https://news.google.com/rss/articles/CBMif0FVX3lxTE5CcUZPc2I0Q01obDdNeHVVdnBqbmIwUlB0R29jUGlBZG1reDRXS19vRkJFM0gybk1Sb3htU3pBNm94WlNpNEZ2SW13aHJrcEFzb2Z3T1JjSlZGQXZqTmNLT01TOXd6XzQ2cFJxX1kxUTFtVzBKcXBlbG5KTUM0NXM?oc=5) · legacy.com
- 2024-09-26 [Milton "Lane" Ash Obituary (2024) - Monona, IA - Leonard-Grau Funeral Home & Cremation Services - Elgin - legacy.com](https://news.google.com/rss/articles/CBMifkFVX3lxTE1fM1lKbWg4dGZsMWs5SkJXRmsxMHpCQmRZa1VCbGo0bmo2MUJkbkd4X0FGRzEzQzE2QnE0TDIzdFpvenVocG9uNFBKckZEMjhwZWtWLWRNOVdGbGY5UjU0RUlnazdvUGhpWGJIZlJNWUEzM3dBS2VKemx6UVg1UQ?oc=5) · legacy.com

## How to verify

- Page: https://getbookiq.com/bank-desk/#bank=10489 (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/57.json (key "10489", 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