# CAMBRIDGE STATE BANK
CAMBRIDGE, MN · FDIC certificate 10987 · asset band <$300M · latest filing 2023-12 · stopped filing (departed)

**Verdict on the desk:** this could be *credit-stressed*. 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 | $86.6M | |
| Deposits | $79.1M | |
| Loans and leases | $48.2M | |
| Total equity | $7.4M | |
| Loans / deposits | 60.56% (p34 of band) | 70.54% |
| Liquid assets / assets | 42.72% (p65 of band) | |
| Uninsured deposits / deposits | 21.62% (p59 of band) | 19.32% |
| Brokered deposits | 0.00% | |
| Wholesale funding | 0.00% (p18 of band) | |
| FHLB advances / assets | 0.00% | |
| Tier 1 leverage | 9.30% (p20 of band) | 11.31% |
| Unrealized securities loss / equity | -14.35% (p53 of band) | -16.04% |
| AOCI / equity | 21.99% (p97 of band) | |
| ROA (annualized) | -0.58% (p4 of band) | 0.93% |
| Net interest margin | 3.64% (p54 of band) | 3.54% |
| Efficiency ratio | 77.44% (p68 of band) | |
| Noncurrent loans | 0.17% (p48 of band) | 0.20% |
| Net charge-offs (annualized) | 0.00% (p35 of band) | |
| Reserve coverage of noncurrent | 407.50% | |
| Real estate % of loans | 64% | |
| Construction % of loans | 9.51% (p35 of band) | |
| Auto loans | $161,000 (0.33% of loans; DQ 0.00%, NCO 0.00%) | |
| Loans to nondepository financials | $0 (0% of equity) (p48 of band) | |
| Deposits YoY | -6.2% | |
| Employees | 11 | |

## Flags firing in the latest filing

- **losing money** (`earn_negative`)
- **deposits shrinking** (`shrink_deposits`)

## Warning timeline

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

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

- 2023-12-01 [Cambridge State Bank to merge with Security Bank & Trust Company - hometownsource.com](https://news.google.com/rss/articles/CBMigwJBVV95cUxQNEhicVYxY0szTTlMcUJsNGxlUTRiS3I4aExDUHp1NUVEUTVuR09NLWZxclNLZWQzLXBweTR1STR4bGN5V19VUkZWajgwdG1RcEd3LVp3X29Fc19yMElhTnhueVlYbnYwa3ctRW41Yl9xRWx2c1pRd2MxWVplWXEwTTRkaWxzNGtsMDQ1VkMyRy1Xd01VUHk2RzN2UHVJYzJRVWZzZDZOc2VieUZ0MnZwTnY1eXVVNi1RWkZPc3JwdThMTGVkd0xxQW4tVm51YkEtZU0wSldiRkhZVjhqa2szV0JmRGphRUtxTGtaSndyejZzNHRZN1Bmamc0NjBMaHBaU2dr?oc=5) · hometownsource.com
- 2025-04-02 [Glencoe based Security Bank & Trust Co. expands reach in Minnesota - McLeod County Chronicle](https://news.google.com/rss/articles/CBMitAFBVV95cUxNZTJ6UDJrUzJ1RFJyN3o2NjlsYVc3NGNHeTY1QlE1Y2YtREwtcnpJbWtYMmRCa211OU9iNDRKUGFIUDZyTVliUmVIckNEVnhsbGtZMXc3SU1PelAxbnk3TGdrd3YxWGljRlFYWTRQZXdBVHZQeXI4X05lRFhaQkh0czg4RzMwVDljRjdRLV9vNlVXLWE3SU5PVnRCcndYeHlKdC00dlNqTUZ1QmlYRldIV3pfUkU?oc=5) · McLeod County Chronicle
- 2024-03-06 [Perham graduate named top 100 business leader in Twin Cities area - Perham Focus](https://news.google.com/rss/articles/CBMipwFBVV95cUxPTlN4T052M3o0ek84M21PdnpZQnFWTmhWRGFqckQ0ODA2U0ppbE9BWWNsMURTTGN1dHZPVkVKZFd5OXhBTUlrRzF1SmtBOFI4SW9xcVlFSkUwQXVuZXFVdkpmcDJhZURZQ29BUjA0Q19jYTBTU09wbncwbEFSMnl2V3A0cVZjbmpZX0xZbjRwNHdmdkotenlfejFoYWZnUXV0aTZpa0dPYw?oc=5) · Perham Focus
- 2025-02-21 [UMB Financial eyes Twin Cities growth after market entry - The Business Journals](https://news.google.com/rss/articles/CBMiqAFBVV95cUxPYTFjTHJkbHRxMUpnUXAwaXlmd1V6Q3VpdnlrNjhxZnFLeEhIUDFqWjl6b0NaaWEyMHZmOWppcmV1R3B1VS1VOEkxXzNXZmFMcVpRT0NVYlFZcEhqTHQzeWxDOVRqcS1aUGl3Rm1vdEs0bkFHanYxQ0FFTHVTWmotNVVMZ1FWelVpTW1WX09XckVrclZIQmVVdTlLajN0OTZMOTJVdlpRc3o?oc=5) · The Business Journals
- 2024-08-05 [Obituary for George Erickson - Carlson-Lillemoen Funeral Home](https://news.google.com/rss/articles/CBMiaEFVX3lxTE5kd1A2Q0ZZR1pKak9JZ2phb2dlYXpMN09TNnRaVGtqdDFmaF92aFg3ZTA5b1BDWVFYWUQxVGpncDFtcnR3cnNEdUJ1cTdZM3YxTGZBMkpRMGxDY2F1dm94Qkg4UWNTZ2ZY?oc=5) · Carlson-Lillemoen Funeral Home
- 2015-02-15 [Cambridge State Bank announces organizational changes - hometownsource.com](https://news.google.com/rss/articles/CBMi9wFBVV95cUxQSVhvYzZTU2o3RHFwUGxnaUxJUUpfNHVsbWZmdjNuMmVGX2tnYTBncDhFZEhYb09CLXZuYTZyZXhINmFpVG1NZllSc2VXRk1xYlB2SlNxQjRla24yRmFtQUkxZ1lBb3FiRkhKOWpvMG1EaXFoQkpRbU5GaHVoUDdXNm1OTF83d004c2oyVmRlNDF1OVFqWlhFN0NIYnBhMHh1SThFMW83d1AzcWdhdzFEWFR4NWdnQ2l3eFVvQmJRN28yT2ZkY1Y1bEJyOVItcUd2WV9GNFV5Y01wQVNmOTlnUHFEQ0JWRU1JV3hxR0FRUUVVNjYzZk84?oc=5) · hometownsource.com
- 2026-04-22 [Beverly J. Larson Obituary (2026) - Farmington, MN - Carlson-Lillemoen Funeral Home and Cremation Services - legacy.com](https://news.google.com/rss/articles/CBMigwFBVV95cUxOazFSRmZsR1p5UDREMUVXMFRnLTliRGxuRUdEdFRTa2RmOFRqRHVCdE5iNUYtQ3JsMlplVTBGVkc0RTZtaXY1U05Ubk9ha1BwNXdBR1lMWGVFbHJuVERHWXFpODdDWDdvZ2JGZU5tbk5fWC1OUmUxRE00SmUyclZyQkRkOA?oc=5) · legacy.com
- 2025-09-25 [Obituary for Bonita J. (Wilcox) O'Hotto - Carlson-Lillemoen Funeral Home](https://news.google.com/rss/articles/CBMiZkFVX3lxTE5vWE5Od1FnMVFVUHFieHZ1anBGV19DWHFxYWdGVGJyQmlQR0FYdjBnTWxmNlRHVE93SmRONXhIeUF2Y283Q1o3ZkhfaVBuZHRWalVqSlQyRHAtbmNfUUU1SmZCTVlhZw?oc=5) · Carlson-Lillemoen Funeral Home

## How to verify

- Page: https://getbookiq.com/bank-desk/#bank=10987 (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/43.json (key "10987", 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