# FIRST SOUTHEAST BANK
HARMONY, MN · FDIC certificate 10576 · asset band <$300M · latest filing 2026-06 · live

**Verdict on the desk:** this could be *funding-stretched*. Composite score 2 (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 | $158.3M | |
| Deposits | $116.0M | |
| Loans and leases | $137.3M | |
| Total equity | $12.0M | |
| Loans / deposits | 117.23% (p98 of band) | 73.59% |
| Liquid assets / assets | 10.28% (p4 of band) | |
| Uninsured deposits / deposits | 14.04% (p28 of band) | 19.81% |
| Brokered deposits | 7.67% | |
| Wholesale funding | 26.57% (p98 of band) | |
| FHLB advances / assets | 0.38% | |
| Tier 1 leverage | 8.42% (p6 of band) | 11.76% |
| Unrealized securities loss / equity | -10.79% (p38 of band) | -6.57% |
| AOCI / equity | -0.49% (p45 of band) | |
| ROA (annualized) | 1.60% (p72 of band) | 1.17% |
| Net interest margin | 4.12% (p60 of band) | 3.93% |
| Efficiency ratio | 58.23% (p31 of band) | |
| Noncurrent loans | 0.14% (p37 of band) | 0.36% |
| Net charge-offs (annualized) | -0.01% (p11 of band) | |
| Reserve coverage of noncurrent | 676.68% | |
| Real estate % of loans | 60% | |
| Construction % of loans | 23.66% (p58 of band) | |
| Auto loans | $2.5M (1.84% of loans; DQ 0.00%, NCO 0.00%) | |
| Loans to nondepository financials | $0 (0% of equity) (p48 of band) | |
| Deposits YoY | 8.8% | |
| Employees | 21 | |

## Flags firing in the latest filing

- **loans exceed deposits** (`liq_ltd`)
- **wholesale funding >15%** (`liq_wholesale`)

## Warning timeline

| Quarter | Score | Flags that first fired | Flags that cleared |
|---|---|---|---|
| 2011-03 | 0 |  |  |
| 2011-06 | 1 | liquid assets <10% |  |
| 2011-09 | 0 |  | liquid assets <10% |
| 2011-12 | 0 |  |  |
| 2012-03 | 0 |  |  |
| 2012-06 | 0 |  |  |
| 2012-09 | 0 |  |  |
| 2012-12 | 0 |  |  |
| 2013-03 | 0 |  |  |
| 2013-06 | 0 |  |  |
| 2013-09 | 3 | loans exceed deposits, deposits shrinking, uninsured deposits leaving |  |
| 2013-12 | 2 |  | loans exceed deposits |
| 2014-03 | 2 | loans exceed deposits | uninsured deposits leaving |
| 2014-06 | 3 | wholesale funding >15%, capital falling | deposits shrinking |
| 2014-09 | 3 | liquid assets <10% | capital falling |
| 2014-12 | 2 | reserve under noncurrent | wholesale funding >15%, liquid assets <10% |
| 2015-03 | 3 | liquid assets <10% |  |
| 2015-06 | 4 | wholesale funding >15% |  |
| 2015-09 | 2 |  | reserve under noncurrent, wholesale funding >15% |
| 2015-12 | 1 |  | loans exceed deposits |
| 2016-03 | 2 | loans exceed deposits |  |
| 2016-06 | 5 | wholesale funding >15%, capital falling, reserve under noncurrent |  |
| 2016-09 | 4 |  | capital falling |
| 2016-12 | 6 | deposits shrinking, uninsured deposits leaving |  |
| 2017-03 | 6 |  |  |
| 2017-06 | 5 |  | uninsured deposits leaving |
| 2017-09 | 5 | noncurrent p90 | deposits shrinking |
| 2017-12 | 4 |  | noncurrent p90 |
| 2018-03 | 5 | capital falling |  |
| 2018-06 | 5 |  |  |
| 2018-09 | 4 |  | capital falling |
| 2018-12 | 6 | noncurrent p90, uninsured deposits leaving |  |
| 2019-03 | 4 |  | noncurrent p90, uninsured deposits leaving |
| 2019-06 | 6 | capital falling, charge-offs p90 |  |
| 2019-09 | 5 |  | reserve under noncurrent |
| 2019-12 | 4 |  | capital falling |
| 2020-03 | 4 | reserve under noncurrent | charge-offs p90 |
| 2020-06 | 0 |  | liquid assets <10%, loans exceed deposits, wholesale funding >15%, reserve under noncurrent |
| 2020-09 | 2 | capital falling, charge-offs p90 |  |
| 2020-12 | 1 |  | charge-offs p90 |
| 2021-03 | 2 | charge-offs p90 |  |
| 2021-06 | 1 |  | capital falling |
| 2021-09 | 1 |  |  |
| 2021-12 | 2 | capital falling |  |
| 2022-03 | 2 | leverage <7% | charge-offs p90 |
| 2022-06 | 1 | AOCI drag >20% of equity | capital falling, leverage <7% |
| 2022-09 | 2 | securities losses >30% of equity |  |
| 2022-12 | 4 | charge-offs p90, deposits shrinking |  |
| 2023-03 | 4 | assets shrinking, uninsured deposits leaving | AOCI drag >20% of equity, charge-offs p90 |
| 2023-06 | 2 |  | assets shrinking, uninsured deposits leaving |
| 2023-09 | 4 | wholesale funding >15%, uninsured deposits leaving |  |
| 2023-12 | 0 |  | securities losses >30% of equity, deposits shrinking, wholesale funding >15%, uninsured deposits leaving |
| 2024-03 | 1 | wholesale funding >15% |  |
| 2024-06 | 3 | loans exceed deposits, capital falling |  |
| 2024-09 | 1 |  | loans exceed deposits, capital falling |
| 2024-12 | 3 | loans exceed deposits, uninsured deposits leaving |  |
| 2025-03 | 2 |  | uninsured deposits leaving |
| 2025-06 | 2 |  |  |
| 2025-09 | 3 | uninsured deposits leaving |  |
| 2025-12 | 3 | capital falling | uninsured deposits leaving |
| 2026-03 | 3 | uninsured deposits leaving | capital falling |
| 2026-06 | 2 |  | uninsured deposits leaving |

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

- 2025-01-27 [Mabel-Canton School Board Elects Officers - Fillmore County Journal](https://news.google.com/rss/articles/CBMiggFBVV95cUxQMXVCTmZYTGZSY3FsaC1WdHpqNGo1dWwzcjJ1YTgzSDhZdkVXMnVnQ3NCaE43NThwdEhtRFNnaVJuUEdiYUJIUGxCXzVQNEdfbzBxSFY1TWZpWTBPOGtScXVseFBkczcxQkhRbWE2b2FsMVRRNFpFblBtZHJadGdpWjVB?oc=5) · Fillmore County Journal
- 2025-04-16 [Jerome Bushman Obituary - Stevens Point Journal](https://news.google.com/rss/articles/CBMiakFVX3lxTE1iVGsyV1R0Tk5faVBCODJOR1hfR0J0X0NUR1JsUURscHZRX2VoV01FUnBVb3JQd2xYWnFodTVTVktnMEs0WGdRU1Y5bks2N0puVDZJSUR0dmVuTXpMaEVwdEtTSFlxUV96OUE?oc=5) · Stevens Point Journal
- 2024-12-30 [Mabel woman faces identity theft, swindling charges - kaaltv.com](https://news.google.com/rss/articles/CBMihgFBVV95cUxOWUtDX1pUd2tvc2F1RnI3akNhbGtzaU9LZWRNbllRY1A0N3dXOEVuTVV0dUxVVm5IZzk2MTVaMFFDQXdaMEk0UU5uWkVoTEhtLUxEWWx1dmVuMEtQRGIyTVVYSWtuRlhDMzluT3BOeFUxMC1WZXV6alJPMmRIV3c1bGc3VXlTZw?oc=5) · kaaltv.com
- 2022-06-20 [Jackson Memorial Golf Classic raises $18,000 for community - Fillmore County Journal](https://news.google.com/rss/articles/CBMilgFBVV95cUxNcVYwWkFKYm9iclhWeFVPcUROdUxtQThYREpmbWJORjlJbkZuMGVqVDNqekMwZXdvYjhQUDlqUDV1ZHF2d2RWVXBlQUd3anZVUnZCOVV3NVI5d0pDcHNyNlFlb25KQnM1N2s3UjZydGFLamJvbmhUSkhXcl9wVnhYZ3NXZ0Z4VVplQlQxbFhyYVlLZTJJanc?oc=5) · Fillmore County Journal
- 2023-01-09 [IA woman faces 33 theft, forgery charges allegedly benefitting Harmony businesses - kaaltv.com](https://news.google.com/rss/articles/CBMiugFBVV95cUxQNkl5RFRTamVDWm5YbFZ2dTR3QjBudEs3SFI2dlVFTTFUVEpqUEtvZHA0WGlKLVBsS1piRHNWZ3hRVTd1ZE0yajBRY25aRV9oQnpHNEhNQ29sQWVzbzNoMlRjUEFhTm91bjJsa1dfUzVfN3VldmhOSXZFZno2NXBHUDJXZjU3blNCSVgtS3R6NU8wamluNmRYaW13RHB6andpdjZNOFNkV0xYdlNBYVVRMWZ0ekV6ZXBQbXc?oc=5) · kaaltv.com
- 2024-02-26 [Mindy Jones Jailed Prior to Sentencing - Fillmore County Journal](https://news.google.com/rss/articles/CBMifkFVX3lxTE1mdkJyakpuQlFQMGhEb0tSYXRaUUMzYUJNYVRLN25VWU8yM2VmSmlMSDZ6OE1hS0pDVzA5ak9yT1BVSDFLQ0hjT21ydHM0NXVYVGhUdkRFTUd3Rk1PbzRvVGFLOHBJR1JDR1JXb2RWR0NYVzNmTEd6SnMzLTl0dw?oc=5) · Fillmore County Journal
- 2024-01-01 [Jones Faces Sentencing on February 12 - Fillmore County Journal](https://news.google.com/rss/articles/CBMifEFVX3lxTE1pWmhvaXBENlJQMF9yRFJqOWZfNG16Z052WUxPc215V0Rncy1RMzhkMlR3c0RyQUFwcG15N2FqWnlDcnV3LVctWnUtbHFDNDE0aG1pREE3ZUJWUEgzVWVOTW9GaFpCN3ZfdW9aQTVPdzgyR3N1TmItanNNUlg?oc=5) · Fillmore County Journal

## How to verify

- Page: https://getbookiq.com/bank-desk/#bank=10576 (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/16.json (key "10576", 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