# FIRST STATE BANK
HOLLY SPRINGS, MS · FDIC certificate 10588 · asset band <$300M · latest filing 2021-06 · stopped filing (departed)

**Verdict on the desk:** this could be *liquidity-rich*. Composite score 1 (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 | $137.0M | |
| Deposits | $120.8M | |
| Loans and leases | $59.6M | |
| Total equity | $14.8M | |
| Loans / deposits | 48.83% (p25 of band) | 64.15% |
| Liquid assets / assets | 52.12% (p72 of band) | |
| Uninsured deposits / deposits | 29.55% (p83 of band) | 18.57% |
| Brokered deposits | 0.00% | |
| Wholesale funding | 0.00% (p24 of band) | |
| FHLB advances / assets | 0.00% | |
| Tier 1 leverage | 11.06% (p59 of band) | 10.40% |
| Unrealized securities loss / equity | 4.95% (p85 of band) | 0.89% |
| AOCI / equity | -0.96% (p48 of band) | |
| ROA (annualized) | 0.39% (p16 of band) | 1.04% |
| Net interest margin | 2.98% (p33 of band) | 3.30% |
| Efficiency ratio | 84.39% (p83 of band) | |
| Noncurrent loans | 1.22% (p77 of band) | 0.35% |
| Net charge-offs (annualized) | -0.02% (p14 of band) | |
| Reserve coverage of noncurrent | 78.65% | |
| Real estate % of loans | 77% | |
| Construction % of loans | 44.12% (p80 of band) | |
| Auto loans | $537,000 (0.90% of loans; DQ 1.68%, NCO 0.00%) | |
| Loans to nondepository financials | $110,000 (1% of equity) (p97 of band) | |
| Deposits YoY | 10.2% | |
| Employees | 30 | |

## Flags firing in the latest filing

- **reserve under noncurrent** (`aq_reserve`)

## Warning timeline

| Quarter | Score | Flags that first fired | Flags that cleared |
|---|---|---|---|
| 2011-03 | 2 | losing money, reserve under noncurrent |  |
| 2011-06 | 4 | expense ratio p90, charge-offs p90 |  |
| 2011-09 | 3 |  | expense ratio p90 |
| 2011-12 | 3 | expense ratio p90 | charge-offs p90 |
| 2012-03 | 1 |  | losing money, expense ratio p90 |
| 2012-06 | 0 |  | reserve under noncurrent |
| 2012-09 | 0 |  |  |
| 2012-12 | 0 |  |  |
| 2013-03 | 2 | charge-offs p90, reserve under noncurrent |  |
| 2013-06 | 0 |  | charge-offs p90, reserve under noncurrent |
| 2013-09 | 1 | reserve under noncurrent |  |
| 2013-12 | 2 | capital falling |  |
| 2014-03 | 2 |  |  |
| 2014-06 | 1 |  | capital falling |
| 2014-09 | 1 |  |  |
| 2014-12 | 1 |  |  |
| 2015-03 | 1 |  |  |
| 2015-06 | 1 |  |  |
| 2015-09 | 1 |  |  |
| 2015-12 | 4 | deposits shrinking, assets shrinking, uninsured deposits leaving |  |
| 2016-03 | 1 |  | deposits shrinking, assets shrinking, uninsured deposits leaving |
| 2016-06 | 1 |  |  |
| 2016-09 | 0 |  | reserve under noncurrent |
| 2016-12 | 0 |  |  |
| 2017-03 | 1 | reserve under noncurrent |  |
| 2017-06 | 2 | capital falling |  |
| 2017-09 | 1 |  | capital falling |
| 2017-12 | 1 |  |  |
| 2018-03 | 0 |  | reserve under noncurrent |
| 2018-06 | 1 | reserve under noncurrent |  |
| 2018-09 | 1 |  |  |
| 2018-12 | 1 |  |  |
| 2019-03 | 1 |  |  |
| 2019-06 | 2 | expense ratio p90 |  |
| 2019-09 | 2 |  |  |
| 2019-12 | 2 |  |  |
| 2020-03 | 1 |  | expense ratio p90 |
| 2020-06 | 3 | capital falling, expense ratio p90 |  |
| 2020-09 | 2 |  | capital falling |
| 2020-12 | 1 |  | expense ratio p90 |
| 2021-03 | 1 |  |  |
| 2021-06 | 1 |  |  |

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

- 2026-02-24 [First State Bank welcomes Hurd and Skinner to Quitman branch - Laurel Leader-Call](https://news.google.com/rss/articles/CBMi2wFBVV95cUxQa3o1VHFhSUhfQUFEdWRJb0ZmWjdCN2VCdWtuUzJNN0pPQ1lZOHpxLWR3cHZfVTg0ZG11QkFON24zVGMtU2xCM01BS0tBSXdxX3ViOUt5UVBpNzhwVDdaVmEtaFZqOE5lTWJER2NVQlpHX2pCcFNkMUo3aUR1Z2hEUmpXNnRVRHNRT1ZuaURtSkZKV2hCRFd4UkczWlBmUEUzV3h0SUFITlAwdWVpRlZmT3NWVFI1ZzdsMXVEQ3BBTTJzelNPbmxfREdZNS1nbG54RTE2QnhQQi0tSVE?oc=5) · Laurel Leader-Call
- 2026-05-13 [First State Bank of Blakely names Hall, Summerlin to leadership posts - Early County News](https://news.google.com/rss/articles/CBMirwFBVV95cUxQZ1pxeE1yVmNzNGNyRnpoLWVNcTBzNGotdFdmOTg3V1dLdUZpeXRiVk9yU0VPODhDUXBELXlaZWQyZlJ5RlgxWFg3UngyTnVyUWsxcm0tSTJKNjB6N0J3S1FEZW9MbFU3RG1YXzFldmpzZ1IxYzlqZXpRdFI4eFhOWWV2VkhUYnF5V19wcUdpRzM4dEhQaDVkV1ctYnFKQkYyNHppc1pfV05WRzhwNmRr?oc=5) · Early County News
- 2026-04-09 [First State Bank in Wyoming sold to First Resource Bank - hometownsource.com](https://news.google.com/rss/articles/CBMi8AFBVV95cUxNOHV1ZXVwcEVndWpQWDQ2cTdIVnpuYnlROFhQMzFEZm12UEVfREJLVVFBVTYxV1RFcGVFNmxRUEoxZFZTektMSXZqTVFkOU5kdlhjSE1mUjhnenFIVWhsU3Y0WDJYMWFkaS1wWktZbUhVc2txemVqX0ZhNjlINnNUNW9JbWgwWlZtNS11Ynp1aklXZlJ3ZHZaV3BmVUpLbnoyT1lqbVM4ZVhJTHd2aldOemJTWVVaNGxNZVFlSEx0QmpPdVd1MGpSb3lkU3d2WVpid2xYczkwMTUtemFsamlfaHZzQVplQkRvMGhXQlc0TFI?oc=5) · hometownsource.com
- 2026-02-18 [List Of Failed Banks: 2009-2026 - Bankrate](https://news.google.com/rss/articles/CBMiZEFVX3lxTFAtbi1TaWMteGEyOHdQbnlXd0tPRzM2WFJQZjdPdzViQTZFLVVHODJRTEdqRWhnMkxIOG5xMUVSWU5iNHZSbVpnQ2Z4TWdiMDVwN2NTdUNGd3dXZ2tGcGZ2VWVJRnM?oc=5) · Bankrate
- 2026-08-07 [3 promoted at First State Bank in Laurel - Laurel Leader-Call](https://news.google.com/rss/articles/CBMiwAFBVV95cUxQN0ZhMXpKYk50VVJqM0NjNzAtdXJ3azRkQnhzWXYtbDZSVjhMTGcySGNyRWlkUUI4clU0Y3loTVg2d1IyM3pkQ0VaaUcxX0ZENlNNYUV2aWlDaGpsVG53WHNNU2J1R1F3RTFWOUVCR2hHakhYRFZkVmlIVDYxU19lbnlqcjJBOHB1al8wZVdlYXhtLXRZV01kdmZSaEgyQzF4YXhVN0ZTWkNqOEd2R3RXWnJQSUZrZ1pJc0pQZDY2UjU?oc=5) · Laurel Leader-Call
- 2026-04-01 [Billy Lanford, long-time Blakely First State Bank president, dies at 75 - Early County News](https://news.google.com/rss/articles/CBMisAFBVV95cUxQaFg4YVlwX2Z3NWtSZ2VKS0pjQzBSMDlzeEFNbWxONDdlMEgyT2hjNTlsb2FZV25qSXA3Y3BHSmNrZlVsT3pOU1BjVlNaYTZ4VEEyU25mS1phUUJMM2lKNF83ZGpwbW1OcDUtTVdkUEVnSkQ4ZXZSeXp0aXdsbEo0N3JjeTB5RjhEb0h6Zjk4dkwtc05US2o5dW4xaDhNcXFRZjgzVTI3Smo1MFFPa01PMg?oc=5) · Early County News
- 2025-12-08 [Pugh Hired as Senior Vice President of Marketing at First State Bank - Darkhorse Press](https://news.google.com/rss/articles/CBMitgFBVV95cUxOS2I3TjdPRDNkVnh3MDgyWHdKV0Vibmp0UHg4c3hjR3dRUWZsMi12Rm5sRTRkWnRzMmZCdGREdVRfSEtqT0tRd1Fxak9va2xSd3h4Yl8ydTI0ZHZqaFR5VkFLQ0hlYnV1TnZWZmZ5RWlTSTdwWGZmU2NZYWNJVW9NS2ZpWWMxZ2dKQ3pzMC1STkN6YlNtejZIaldSdXJQcGVPa01MZUp0UlpMYVRVczVWSDZIOERZZw?oc=5) · Darkhorse Press
- 2024-04-22 [Commercial Bank & Trust, First State Bank to unify - Talk Business & Politics](https://news.google.com/rss/articles/CBMiiAFBVV95cUxNdUNIb2FkSDRCUGJWQVFYc1FFb1huWjd2bmUzdmcta3lacnVvX2lQU3lvbWsxVmNCLWJtaHNJNmRtRFNPSlpHM1RQb0RMZnVWU2xMWE44dmd0OVl1NFNVZ2o1VjU4UFppb2pXMEpHVFdlYVF2eGxpXzI2anNMRjlKVTVjZnhFYUFq?oc=5) · Talk Business &amp; Politics

## How to verify

- Page: https://getbookiq.com/bank-desk/#bank=10588 (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/28.json (key "10588", 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