# COMMUNITY DEVELOPMENT BK FSB
OGEMA, MN · FDIC certificate 10568 · asset band <$300M · latest filing 2024-06 · stopped filing (departed)

**Verdict on the desk:** this could be *credit-stressed*. Composite score 4 (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 | $167.3M | |
| Deposits | $143.8M | |
| Loans and leases | $79.3M | |
| Total equity | $20.9M | |
| Loans / deposits | 54.11% (p25 of band) | 71.75% |
| Liquid assets / assets | 45.12% (p71 of band) | |
| Uninsured deposits / deposits | 20.62% (p57 of band) | 18.89% |
| Brokered deposits | 0.00% | |
| Wholesale funding | 0.00% (p18 of band) | |
| FHLB advances / assets | 0.00% | |
| Tier 1 leverage | 11.39% (p49 of band) | 11.46% |
| Unrealized securities loss / equity | -21.87% (p41 of band) | -15.99% |
| AOCI / equity | 0.33% (p77 of band) | |
| ROA (annualized) | 3.64% (p97 of band) | 0.90% |
| Net interest margin | 3.92% (p66 of band) | 3.52% |
| Efficiency ratio | 34.81% (p2 of band) | |
| Noncurrent loans | 2.39% (p92 of band) | 0.26% |
| Net charge-offs (annualized) | 0.00% (p63 of band) | |
| Reserve coverage of noncurrent | 81.08% | |
| Real estate % of loans | 83% | |
| Construction % of loans | 23.46% (p54 of band) | |
| Auto loans | $1.5M (1.91% of loans; DQ 0.00%, NCO 0.00%) | |
| Loans to nondepository financials | $0 (0% of equity) (p48 of band) | |
| Deposits YoY | -17.5% | |
| Employees | 32 | |

## Flags firing in the latest filing

- **noncurrent p90** (`aq_noncurrent`)
- **reserve under noncurrent** (`aq_reserve`)
- **deposits shrinking** (`shrink_deposits`)
- **assets shrinking** (`shrink_assets`)

## Warning timeline

| Quarter | Score | Flags that first fired | Flags that cleared |
|---|---|---|---|
| 2011-03 | 3 | brokered >10%, wholesale funding >15%, reserve under noncurrent |  |
| 2011-06 | 3 |  |  |
| 2011-09 | 4 | capital falling |  |
| 2011-12 | 3 |  | capital falling |
| 2012-03 | 4 | charge-offs p90 |  |
| 2012-06 | 3 |  | charge-offs p90 |
| 2012-09 | 3 |  |  |
| 2012-12 | 3 |  |  |
| 2013-03 | 4 | capital falling |  |
| 2013-06 | 3 |  | capital falling |
| 2013-09 | 3 |  |  |
| 2013-12 | 2 |  | reserve under noncurrent |
| 2014-03 | 6 | capital falling, deposits shrinking, assets shrinking, uninsured deposits leaving |  |
| 2014-06 | 5 |  | capital falling |
| 2014-09 | 2 |  | deposits shrinking, assets shrinking, uninsured deposits leaving |
| 2014-12 | 3 | deposits shrinking |  |
| 2015-03 | 2 |  | deposits shrinking |
| 2015-06 | 2 |  |  |
| 2015-09 | 2 |  |  |
| 2015-12 | 2 |  |  |
| 2016-03 | 2 |  |  |
| 2016-06 | 2 |  |  |
| 2016-09 | 2 |  |  |
| 2016-12 | 3 | uninsured deposits leaving |  |
| 2017-03 | 3 | reserve under noncurrent | uninsured deposits leaving |
| 2017-06 | 3 | uninsured deposits leaving | reserve under noncurrent |
| 2017-09 | 3 |  |  |
| 2017-12 | 3 | capital falling, reserve under noncurrent | wholesale funding >15%, uninsured deposits leaving |
| 2018-03 | 1 |  | brokered >10%, capital falling |
| 2018-06 | 0 |  | reserve under noncurrent |
| 2018-09 | 1 | reserve under noncurrent |  |
| 2018-12 | 0 |  | reserve under noncurrent |
| 2019-03 | 1 | reserve under noncurrent |  |
| 2019-06 | 5 | noncurrent p90, deposits shrinking, assets shrinking, uninsured deposits leaving |  |
| 2019-09 | 2 | charge-offs p90 | noncurrent p90, deposits shrinking, assets shrinking, uninsured deposits leaving |
| 2019-12 | 2 |  |  |
| 2020-03 | 1 |  | charge-offs p90 |
| 2020-06 | 0 |  | reserve under noncurrent |
| 2020-09 | 1 | capital falling |  |
| 2020-12 | 1 |  |  |
| 2021-03 | 1 | NIM <2.5% | capital falling |
| 2021-06 | 1 |  |  |
| 2021-09 | 1 |  |  |
| 2021-12 | 1 |  |  |
| 2022-03 | 0 |  | NIM <2.5% |
| 2022-06 | 2 | securities losses >30% of equity, assets shrinking |  |
| 2022-09 | 5 | AOCI drag >20% of equity, deposits shrinking, uninsured deposits leaving |  |
| 2022-12 | 4 |  | uninsured deposits leaving |
| 2023-03 | 6 | noncurrent p90, reserve under noncurrent, uninsured deposits leaving | AOCI drag >20% of equity |
| 2023-06 | 3 |  | assets shrinking, deposits shrinking, uninsured deposits leaving |
| 2023-09 | 3 |  |  |
| 2023-12 | 4 | losing money, expense ratio p90 | securities losses >30% of equity |
| 2024-03 | 2 | capital falling | noncurrent p90, losing money, expense ratio p90 |
| 2024-06 | 4 | noncurrent p90, deposits shrinking, assets shrinking | capital falling |

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

- nothing found for that search

## How to verify

- Page: https://getbookiq.com/bank-desk/#bank=10568 (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/8.json (key "10568", 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.

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