# FIRST STATE BANK OF SHELBY
SHELBY, MT · FDIC certificate 11013 · asset band <$300M · latest filing 2026-06 · live

**Verdict on the desk:** this could be *run candidate*. 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 | $175.6M | |
| Deposits | $148.5M | |
| Loans and leases | $24.6M | |
| Total equity | $26.4M | |
| Loans / deposits | 16.52% (p5 of band) | 73.59% |
| Liquid assets / assets | 83.46% (p97 of band) | |
| Uninsured deposits / deposits | 24.89% (p68 of band) | 19.81% |
| Brokered deposits | 0.00% | |
| Wholesale funding | 0.00% (p23 of band) | |
| FHLB advances / assets | 0.00% | |
| Tier 1 leverage | 19.38% (p89 of band) | 11.76% |
| Unrealized securities loss / equity | -55.69% (p5 of band) | -6.57% |
| AOCI / equity | -1.89% (p13 of band) | |
| ROA (annualized) | 1.28% (p56 of band) | 1.17% |
| Net interest margin | 2.35% (p4 of band) | 3.93% |
| Efficiency ratio | 56.09% (p25 of band) | |
| Noncurrent loans | 0.00% (p12 of band) | 0.36% |
| Net charge-offs (annualized) | -0.08% (p3 of band) | |
| Reserve coverage of noncurrent | – | |
| Real estate % of loans | 36% | |
| Construction % of loans | 0.00% (p9 of band) | |
| Auto loans | $156,000 (0.64% of loans; DQ 7.69%, NCO 0.00%) | |
| Loans to nondepository financials | $0 (0% of equity) (p48 of band) | |
| Deposits YoY | 10.9% | |
| Employees | 16 | |

## Flags firing in the latest filing

- **securities losses >30% of equity** (`cap_secloss`)
- **NIM <2.5%** (`earn_nim`)

## Warning timeline

| Quarter | Score | Flags that first fired | Flags that cleared |
|---|---|---|---|
| 2011-03 | 2 | charge-offs p90, reserve under noncurrent |  |
| 2011-06 | 1 |  | charge-offs p90 |
| 2011-09 | 2 | capital falling |  |
| 2011-12 | 2 |  |  |
| 2012-03 | 2 |  |  |
| 2012-06 | 0 |  | reserve under noncurrent, capital falling |
| 2012-09 | 1 | uninsured deposits leaving |  |
| 2012-12 | 1 |  |  |
| 2013-03 | 0 |  | uninsured deposits leaving |
| 2013-06 | 0 |  |  |
| 2013-09 | 2 | deposits shrinking, assets shrinking |  |
| 2013-12 | 2 |  |  |
| 2014-03 | 0 |  | deposits shrinking, assets shrinking |
| 2014-06 | 0 |  |  |
| 2014-09 | 0 |  |  |
| 2014-12 | 0 |  |  |
| 2015-03 | 0 |  |  |
| 2015-06 | 1 | deposits shrinking |  |
| 2015-09 | 1 |  |  |
| 2015-12 | 3 | assets shrinking, uninsured deposits leaving |  |
| 2016-03 | 0 |  | deposits shrinking, assets shrinking, uninsured deposits leaving |
| 2016-06 | 1 | uninsured deposits leaving |  |
| 2016-09 | 1 |  |  |
| 2016-12 | 0 |  | uninsured deposits leaving |
| 2017-03 | 0 |  |  |
| 2017-06 | 0 |  |  |
| 2017-09 | 0 |  |  |
| 2017-12 | 0 |  |  |
| 2018-03 | 0 |  |  |
| 2018-06 | 0 |  |  |
| 2018-09 | 1 | reserve under noncurrent |  |
| 2018-12 | 0 |  | reserve under noncurrent |
| 2019-03 | 2 | deposits shrinking, assets shrinking |  |
| 2019-06 | 1 |  | assets shrinking |
| 2019-09 | 0 |  | deposits shrinking |
| 2019-12 | 1 | deposits shrinking |  |
| 2020-03 | 2 | NIM <2.5%, charge-offs p90 | deposits shrinking |
| 2020-06 | 1 |  | charge-offs p90 |
| 2020-09 | 2 | capital falling |  |
| 2020-12 | 1 |  | NIM <2.5% |
| 2021-03 | 2 | NIM <2.5% |  |
| 2021-06 | 2 |  |  |
| 2021-09 | 1 |  | NIM <2.5% |
| 2021-12 | 2 | NIM <2.5% |  |
| 2022-03 | 2 | securities losses >30% of equity | capital falling |
| 2022-06 | 3 | AOCI drag >20% of equity |  |
| 2022-09 | 3 |  |  |
| 2022-12 | 4 | reserve under noncurrent, assets shrinking | NIM <2.5% |
| 2023-03 | 5 | deposits shrinking, uninsured deposits leaving | AOCI drag >20% of equity |
| 2023-06 | 4 |  | reserve under noncurrent |
| 2023-09 | 5 | NIM <2.5% |  |
| 2023-12 | 5 |  |  |
| 2024-03 | 4 |  | assets shrinking |
| 2024-06 | 4 | losing money, assets shrinking | deposits shrinking, uninsured deposits leaving |
| 2024-09 | 4 |  |  |
| 2024-12 | 3 |  | assets shrinking |
| 2025-03 | 2 |  | losing money |
| 2025-06 | 2 |  |  |
| 2025-09 | 3 | capital falling |  |
| 2025-12 | 3 |  |  |
| 2026-03 | 2 |  | capital falling |
| 2026-06 | 2 |  |  |

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

- 2026-07-14 [Marias Fair fun time has arrived! - cutbankpioneerpress.com](https://news.google.com/rss/articles/CBMiogFBVV95cUxNMzExNnV0T0t0TUlZRVZYMngyNUlEQUlQV1ZwNl9ndWNqWUx3X0w3cGdGVnpYSTFDN1o1Rl9oUDA4bklYSVlnMXpKakxNVV9YWWlORk92VS1ZRGRVWVg2MjhQSnFEdWtrLXdxMWNGeGlDaHI3WU1oYmR3UzNGVmxwZmpHa0J1SFg5aE4yT0YwRzBqUmZ2MFNybGNnNy14TEZRQmc?oc=5) · cutbankpioneerpress.com
- 2017-11-16 [Another Torgerson leads Shelby to title game some 30 years later - Great Falls Tribune](https://news.google.com/rss/articles/CBMi5gFBVV95cUxQc0JXSzdVaUVyVnF4bkw5TlFWQmNXQmVWbmtrTC1ycXJyUmkwOHJ1QUJXRk1KLTFqcERZWVVHdmttcEhtMGFlT0t1aDJjeUtNLUJKYVNKOFBQeFlqUXhIdldlMmtxY3JYR3JZSjA5WFRCS244VVE3T3pPNFpxMnJWdW1zcUpOaWpNTndSYUprajcwckZRVDFqTXNXVEdVVERaeVFsZ0dGX2hPbFRRd0pYdUM2cUJjWlY0bVVuSS1acENkZ1JwMy1pNTVXc0JOMFNjU0R0dnotTGY1VEJUYWY5Y3VsSlotZw?oc=5) · Great Falls Tribune
- 2015-08-14 [Michael Lamey Obituary (2015) - Shelby, MT - Great Falls Tribune - legacy.com](https://news.google.com/rss/articles/CBMimgFBVV95cUxNVzVNVHk0UF9uM2Y0Zk1keGt2dVVlTGU4N3FubjJQbERTX2tNaDMya0tsX2VHTklieWNuYWZUMkxMYXlRbzNXZ2Fnd1czMThtNzl2MEVXZmw3TWRDckRfVjFoZUw2RWEzekhiU1lyWkpfOUxBVzFBQjNhUXZMdDR4aE5IaXk2eWplcm9aWnkzUERNaERkbDlTVXZR?oc=5) · legacy.com
- 2017-06-18 [Shelby, 1923 - newyorker.com](https://news.google.com/rss/articles/CBMiaEFVX3lxTE9ZdG92SlpqaUMzbHdWMnFIS3BpbkI3VmtvaTVySVloTGVjMFdGNmR3MkFqSUdWY3ZhNXkyb2ZLRm1Qd1VpVXptbFdNS3ktT1pON1V4ci1mSVI1VjJCeDlDOW1RcVhSZFBv?oc=5) · newyorker.com
- 2026-06-23 [Rockin' the Roxy Songwriter Showcase takes the stage on June 27 - cutbankpioneerpress.com](https://news.google.com/rss/articles/CBMiygFBVV95cUxNYXJNUUMyelhwaGxOdXU5T0NUMVMzTDI5bGpPVVh6SFFETmxBRkFaZ2Nhb2dIalRFS2N2cGNiUVpQZlR1WWkyZnQwcG1mVjVCRy1UOFRGcUVwSDllNzBBS0ZVTVZTcmdaNzVNd0RDc0N3UnN4WVV1UnNGZzhZN1B1Y0NKNmRLM2V1ZklmanZMYURMbzlzS2VWZHd4ZHlrZGNiTlNUXzJBZ2dpSUliMW5VZmpJeVRCWWRzY2MxaDJDME92UVNnZ2tEb2tn?oc=5) · cutbankpioneerpress.com
- 2025-12-16 [2025 Christmas Stroll in Shelby featured something for everyone - cutbankpioneerpress.com](https://news.google.com/rss/articles/CBMiywFBVV95cUxOOUVnQXhaMDNPU2dkaHpkRkNBRHJQTloxWGJNZVp1eGUzbFBBdE4zLVduc3c4WUpfWjJpMVgwTFJ2ZlppdTZVRWtpU0F0c0pxSVY2dU1Bc1NCMGxTVjFDR0ZEVGRjVjRpYnVWNTBJV01xQjc3U2RNNGRuN3hmdVl3QjVNdDJEeUMwTWdubXZqaXRVYXdEcDZzeVJSejlEWTNXaEpISk04ZHF6eEpSZUF3QkZPa3JuVEV3cnVxMXlmQTVYcGV3ZkxGYy1zUQ?oc=5) · cutbankpioneerpress.com

## How to verify

- Page: https://getbookiq.com/bank-desk/#bank=11013 (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/5.json (key "11013", 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