# MINERS STATE BANK
IRON RIVER, MI · FDIC certificate 10928 · asset band <$300M · latest filing 2026-06 · live

**Verdict on the desk:** this could be *funding-stretched*. 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 | $134.8M | |
| Deposits | $117.6M | |
| Loans and leases | $86.3M | |
| Total equity | $15.5M | |
| Loans / deposits | 72.71% (p49 of band) | 73.59% |
| Liquid assets / assets | 30.55% (p45 of band) | |
| Uninsured deposits / deposits | 13.28% (p25 of band) | 19.81% |
| Brokered deposits | 0.00% | |
| Wholesale funding | 0.05% (p47 of band) | |
| FHLB advances / assets | 0.00% | |
| Tier 1 leverage | 12.19% (p55 of band) | 11.76% |
| Unrealized securities loss / equity | -11.84% (p36 of band) | -6.57% |
| AOCI / equity | -1.81% (p14 of band) | |
| ROA (annualized) | 1.05% (p42 of band) | 1.17% |
| Net interest margin | 4.25% (p66 of band) | 3.93% |
| Efficiency ratio | 70.92% (p62 of band) | |
| Noncurrent loans | 0.00% (p12 of band) | 0.36% |
| Net charge-offs (annualized) | 0.01% (p68 of band) | |
| Reserve coverage of noncurrent | – | |
| Real estate % of loans | 92% | |
| Construction % of loans | 59.56% (p84 of band) | |
| Auto loans | $522,000 (0.60% of loans; DQ 1.34%, NCO 0.00%) | |
| Loans to nondepository financials | $0 (0% of equity) (p48 of band) | |
| Deposits YoY | -6.0% | |
| Employees | 32 | |

## Flags firing in the latest filing

- **deposits shrinking** (`shrink_deposits`)

## Warning timeline

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

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

- 2026-01-09 [Michigan’s Zeal Credit Union to buy another UP bank - Banking Dive](https://news.google.com/rss/articles/CBMiuAFBVV95cUxNX1FtcTlTWnpRTWh1SVdibzNzU010UVIwZlpEVjFtQXFXMWpka29jX19JUDZwdThzUlhCc2tkZEZkdkpXY01NcXhIT3U5YXpFV2k4U1BqVzVTSWVzTi1UcEdkMW9Vem9hM3FxLThEOE9VUnRRSzN4S2g2UE83c3E0QTFxWWVSOC0wa2xtOGpXM3VfWVNQWG1aWnZELUpBcE13MFcwOGJCaTRaZEJ4Z19hSXRUUjlMSHpp?oc=5) · Banking Dive
- 2026-01-13 [Zeal Credit Union To Acquire The Miners State Bank in All-Cash Transaction - Pulse 2.0](https://news.google.com/rss/articles/CBMimgFBVV95cUxOdWQwLW80MDIwa2ZPYTVwSzlTalFXUGs4Wm5MbF83YnU1VFhmSDRFQWdaYk03dlFlazBkUUdlOUNDeGRUampMNkI1a3YzWmdZT2ZGX2RMc1RpQnlRb3JEVWZtR2tKbGNHVjNwaU1DLVVoWEN1cnJwbmJkdTFnY1kzQklId1BEeTVfZTZPMm9KeTEzM2FTSFFUQWxB0gGfAUFVX3lxTE9IT1M1Y3JNUjlacmJqSFNjeE5HMkJKSjJXRmZJUF91b2xWeW00YndGZlYxajVGWEkwaHN4N09oTjQ0QVJNZzJ6NEpnUFktWnFFM3IwclA0VkhjdmhuVWlZRW1SVVBGdXBkblFIV1FqUGxUMU9iRnplUk9Ba2l4aTV1VzZrTUQtMnQ2dWxMRHhndXUxSVhITDFPRV8tel9CUQ?oc=5) · Pulse 2.0
- 2026-01-09 [Zeal Credit Union Plans Market Expansion With Acquisition of Miners State Bank - CUTimes](https://news.google.com/rss/articles/CBMitAFBVV95cUxOVDNZRWk1MVBMaUFmZDNvZlpYem1LTDRsVXZTMnJKRkR6b0RtakpWZHF2Zzg5MWRnalo2UTQxdm9lVXdwenpwWnNXV1Rpel9OLU5KQkFWaVc3OWhlY1lNczh5Z0hwbF8xNmZaVzJGamF2RExTeDU4WWZ5Qkd3VTlKaU5Ka25HOXZ0dHNvdHZmSjJkcGJjamR0a0VtTmdyV2RNVEpXcmpQZUVFalAyY3FyVFJmbUo?oc=5) · CUTimes
- 2026-01-09 [Metro Detroit credit union to expand U.P. presence with bank acquisition - Crain's Detroit](https://news.google.com/rss/articles/CBMilAFBVV95cUxQeVVSNjlRdUl4MXR4UXVmUndENGp3UDd5TUN0RUZ2bUxzUXkxR1hCNXgteVo4a3p1aUVsaDVYQzc0akthQ2k2ZDlHdm9lVnJUdHJOMVBQWlA1M0VmeXVHTzQ2YjN4a09HV0RzUDVvVElfTjJ0X0wwOWxiMmtWc2o3UHRzeTRjUGxHM1Z5NFJ6YnFxOHBf?oc=5) · Crain's Detroit
- 2020-06-02 [Alumnus Hired by Upper Peninsula State Bank - Northern Michigan University](https://news.google.com/rss/articles/CBMib0FVX3lxTE9kTVhLa3QwaEJWY1U0ZG05UVdpaDZsVUlTVWthUXlvcjhWRWJmV2VQeEsteXU3ajg3QXpPbTJSMEVHRWpBSV9UOVFRM0FuOUdaY0VnV1RTVEJELUF5LU1NdkZZQ0pnWC1md3JqcmFJdw?oc=5) · Northern Michigan University
- 2019-12-05 [Iron County Economic Chamber Alliance receives donation to help overcome possible county budget cuts - Upper Michigan's Source](https://news.google.com/rss/articles/CBMirwFBVV95cUxQcmw3SzlyZFJsVU9idDc4N0FWdDFlZkpoOE1hTHpZVWk5R1FORnRrS3R1aTB0WE1xZlBxVTcyQ3pPRndmRzB4WkhmSlZaQ2RIU3JkVnJORW9mWEZmdXBUemdxdmpBb2JSVFRIbDNJZ21KcHBBeDhCbjk1SWZZcFZNeWVTY1FWdmRuNmlhWG9aZjFCdExBajJxV3hEZGVXekM3ZVY2NmRBeUJwTEJrb0gw?oc=5) · Upper Michigan's Source
- 2026-02-05 [Washington state credit unions buying banks face new tax - Banking Dive](https://news.google.com/rss/articles/CBMingFBVV95cUxNR1ZfVU92WjNUQmdnajl1TXE1UXRBbTJIZWpIVTdfdEVuSVNwS092VkJxQ3lMekgyZUU0eFNVaHZ0bXFNcE1nVmJXVjlNcXN3TzBEeExndHdBZFpxZ2p2bks2Um90cWxNdkw0RjgzUUQxeTdibENGdmk2VVYxb25veEljcHd0eEpoRVlfWjlLTXJzaFBFVG4zRW9ZTmNfUQ?oc=5) · Banking Dive
- 2021-08-10 [Dave Obituary Aug 10, 2021 - Memorial Chapel Funeral and Cremation Service](https://news.google.com/rss/articles/CBMiZkFVX3lxTE9RZ0ZLVTFGc0o2LWVPWUkyUVFXZHQ4d1pPNk9xM2FJWmowQzBTUEJoVzdvcU9EaVhIaUdsOVlzRGw1Mm9GT2Z4c01ydlZzQzMxMjJBbjQ1Y3ZVdEk1eEU0V0V6VUowUQ?oc=5) · Memorial Chapel Funeral and Cremation Service

## How to verify

- Page: https://getbookiq.com/bank-desk/#bank=10928 (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/48.json (key "10928", 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