# GRINNELL STATE BANK
GRINNELL, IA · FDIC certificate 11347 · asset band $300M-1B · latest filing 2026-06 · live

**Verdict on the desk:** this could be *run candidate*. Composite score 4 (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 | $498.6M | |
| Deposits | $346.6M | |
| Loans and leases | $374.0M | |
| Total equity | $49.7M | |
| Loans / deposits | 106.78% (p95 of band) | 82.04% |
| Liquid assets / assets | 20.84% (p34 of band) | |
| Uninsured deposits / deposits | 29.00% (p62 of band) | 25.97% |
| Brokered deposits | 0.00% | |
| Wholesale funding | 20.15% (p94 of band) | |
| FHLB advances / assets | 14.50% | |
| Tier 1 leverage | 11.90% (p68 of band) | 10.81% |
| Unrealized securities loss / equity | -30.18% (p12 of band) | -8.10% |
| AOCI / equity | -0.47% (p43 of band) | |
| ROA (annualized) | 0.98% (p31 of band) | 1.28% |
| Net interest margin | 3.63% (p34 of band) | 3.91% |
| Efficiency ratio | 60.78% (p48 of band) | |
| Noncurrent loans | 0.47% (p53 of band) | 0.43% |
| Net charge-offs (annualized) | 0.36% (p95 of band) | |
| Reserve coverage of noncurrent | 222.60% | |
| Real estate % of loans | 86% | |
| Construction % of loans | 22.41% (p28 of band) | |
| Auto loans | $738,000 (0.20% of loans; DQ 0.00%, NCO 0.00%) | |
| Loans to nondepository financials | $0 (0% of equity) (p45 of band) | |
| Deposits YoY | 3.9% | |
| Employees | 48 | |

## Flags firing in the latest filing

- **loans exceed deposits** (`liq_ltd`)
- **wholesale funding >15%** (`liq_wholesale`)
- **securities losses >30% of equity** (`cap_secloss`)
- **charge-offs p90** (`aq_nco`)

## Warning timeline

| Quarter | Score | Flags that first fired | Flags that cleared |
|---|---|---|---|
| 2011-03 | 0 |  |  |
| 2011-06 | 0 |  |  |
| 2011-09 | 0 |  |  |
| 2011-12 | 1 | reserve under noncurrent |  |
| 2012-03 | 2 | capital falling |  |
| 2012-06 | 1 |  | capital falling |
| 2012-09 | 1 |  |  |
| 2012-12 | 1 |  |  |
| 2013-03 | 1 |  |  |
| 2013-06 | 1 |  |  |
| 2013-09 | 2 | deposits shrinking |  |
| 2013-12 | 1 |  | deposits shrinking |
| 2014-03 | 2 | capital falling |  |
| 2014-06 | 1 |  | capital falling |
| 2014-09 | 1 |  |  |
| 2014-12 | 1 |  |  |
| 2015-03 | 1 |  |  |
| 2015-06 | 1 |  |  |
| 2015-09 | 0 |  | reserve under noncurrent |
| 2015-12 | 0 |  |  |
| 2016-03 | 1 | charge-offs p90 |  |
| 2016-06 | 2 | uninsured deposits leaving |  |
| 2016-09 | 0 |  | charge-offs p90, uninsured deposits leaving |
| 2016-12 | 3 | noncurrent p90, charge-offs p90, reserve under noncurrent |  |
| 2017-03 | 0 |  | noncurrent p90, charge-offs p90, reserve under noncurrent |
| 2017-06 | 1 | charge-offs p90 |  |
| 2017-09 | 1 |  |  |
| 2017-12 | 1 |  |  |
| 2018-03 | 2 | reserve under noncurrent |  |
| 2018-06 | 1 |  | reserve under noncurrent |
| 2018-09 | 2 | capital falling |  |
| 2018-12 | 1 |  | capital falling |
| 2019-03 | 0 |  | charge-offs p90 |
| 2019-06 | 1 | reserve under noncurrent |  |
| 2019-09 | 2 | loans exceed deposits |  |
| 2019-12 | 1 |  | loans exceed deposits |
| 2020-03 | 1 |  |  |
| 2020-06 | 1 | charge-offs p90 | reserve under noncurrent |
| 2020-09 | 3 | capital falling, reserve under noncurrent |  |
| 2020-12 | 1 |  | charge-offs p90, reserve under noncurrent |
| 2021-03 | 1 |  |  |
| 2021-06 | 1 |  |  |
| 2021-09 | 1 |  |  |
| 2021-12 | 1 |  |  |
| 2022-03 | 0 |  | capital falling |
| 2022-06 | 2 | AOCI drag >20% of equity, securities losses >30% of equity |  |
| 2022-09 | 2 |  |  |
| 2022-12 | 2 |  |  |
| 2023-03 | 1 |  | AOCI drag >20% of equity |
| 2023-06 | 2 | capital falling |  |
| 2023-09 | 2 |  |  |
| 2023-12 | 1 |  | capital falling |
| 2024-03 | 3 | wholesale funding >15%, NIM <2.5% |  |
| 2024-06 | 5 | loans exceed deposits, reserve under noncurrent, deposits shrinking | NIM <2.5% |
| 2024-09 | 7 | capital falling, noncurrent p90 |  |
| 2024-12 | 7 | uninsured deposits leaving | capital falling |
| 2025-03 | 4 |  | deposits shrinking, noncurrent p90, uninsured deposits leaving |
| 2025-06 | 4 |  |  |
| 2025-09 | 4 | deposits shrinking | reserve under noncurrent |
| 2025-12 | 4 | reserve under noncurrent | deposits shrinking |
| 2026-03 | 4 | charge-offs p90 | reserve under noncurrent |
| 2026-06 | 4 |  |  |

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

- 2025-07-16 [Grinnell State Bank names new CEO - southeastiowaunion.com](https://news.google.com/rss/articles/CBMizAFBVV95cUxOeWNPbnhLRW5LaGx3QmZfejlCbTk0X3NYWHVjZVRxMER6RFRaV2ZlUE10aU1hUXZLTlNMUnF6YzM4NlNmUEg0VXowMXktaDBWbzk4Wk91MHlqY1pUYW5GaDEzdDNVYVhXU1Z5MTY5TEdEMllsZFkzU0NIbVpOMDRrMmNlRFo1VnB4bG5DbUkzSjFldzVWVy04b212a2NYTDZVamdfY3NWTDBsTkFYMzRfWWxKYkp1bUw1TE1BWHVFTjVaVEFTcDFEU1RGM28?oc=5) · southeastiowaunion.com
- 2024-02-27 [Time Machine: Grinnell bank robbery, murders | Cedar Rapids & Eastern Iowa History - thegazette.com](https://news.google.com/rss/articles/CBMizAFBVV95cUxPaUdDSHhGdDZ5NHdBOVBoQVF1cE5pZmg1QjlMcHh6NWNLQVY4M1lEaEJZeFp4eDJib3kxU1VWXzdYZUZ1SnBiSzNUYmhhTVBsM1ktdkUtV0ZBckFXNm5rNU8tSW1WME8tLWZlMmF5VHhBWmw0M1pmLXpLVE5mQVBEVjdkS2V0SHFncU81a0lLT3kzbFdKTjRYVXJrbHcxczZvNjNhRkJlU2tfVUVUNl80SWFCWVlsWDB4S1FWQl9Yb093eFB4YjRaQ3lBajg?oc=5) · thegazette.com
- 2021-06-18 [F. Addison Jones Obituary - The Des Moines Register](https://news.google.com/rss/articles/CBMiZEFVX3lxTE1IX1pnTnNFelBORngtNWZXVjdkZVd4UUpwcTlZcEc4SG9QZzJaYUF5WjdFR0RuLThQdWNvdkFiS29iSG84X0Q2LUxVRF82bDV2TTRSSzEtUDQxM2JWbjdYeGdfTjA?oc=5) · The Des Moines Register
- 2023-05-02 [Robert M. Samson Obituary (2023) - Grinnell, IA - Smith Funeral Home and Crematory - Grinnell - legacy.com](https://news.google.com/rss/articles/CBMiggFBVV95cUxOYWRxbFItd2Z3ZDZSQ294RWV3TVB2ZzdzeGphQk5uTFJYTU8zWG9hVEFLQmExM2NGMlJFcHR3d19JZ2E2R01tLXZBVUlNbzNLalJvZkZtMk9fZThILVU3MHRXby1xX0x1YzRVWFB3MkFkZUhNWHRUeG41RFBUZzRlbVp3?oc=5) · legacy.com
- 2016-08-08 [Janice A. Reimers Kriegel, 64 - The Des Moines Register](https://news.google.com/rss/articles/CBMisgFBVV95cUxPMmh4dG8ybGMtOFpZZUlLQkVaUkJJT0NRbk5ZT0ZyNW8wVUlwaF9GSnliekJjZjJlMXBNNnp3Qi1ILTNMbHh5blBuM3lDTVBpMlQweXhXQXB1cGpEVUpqSmNiOWJqRWhwN1E4Tmw3R3Z0MUlyelY4MWtjY0I3M1F0UE1NclFfV19Cc1VGT3lCUW9IUnJxcEpXZkNjMk5mMGRqNmpPZVI1WFMxdFFOQWhiazFR?oc=5) · The Des Moines Register
- 2021-03-25 [Mildred Schroeder Obituary (2011) - Grinnell, IA - Smith Funeral Home and Crematory - Grinnell - legacy.com](https://news.google.com/rss/articles/CBMiigFBVV95cUxNYURHNGplamtvQ0V5OTNkRGxmTk8yZnAwS1ZNb0hyQ0FaNjFNMDdzNjNUaXpZdUhPUzVLaUlvQTcxYkU0dU90a29sb1hzbUdZenkteHl4a3pjemFVWkdzSFdDa2lUc1l5NEZVbGw4OXl5Nk03WTBER0NrdTdmQkJ4bkVJOU9mdkFMTHc?oc=5) · legacy.com
- 2026-07-02 [Iowa sweet corn is back for Fourth of July. Where you can buy it? - The Des Moines Register](https://news.google.com/rss/articles/CBMi3wFBVV95cUxQa3NQejdoM1RENGtZTWI2S2kzdFhSUHpMRHJmbF8zdHhMSERsOWRPSlZnUzh2SHJfUkpsbXhRTkJnWlJjbjgwcWktcDhFRHRNUHFlVmxXRzJXQUNBRTJ2TmlVVzllT2RPUEZodjQ4OVFjbnJMbXEwdDl6NlVTalVrTEpKT2xkNTc2a1BFVTZPdGRGMTNMMEJXdGszRDJlcEZJZ2Z2dldiMk5MN19aRDJQVm5vRktadlRyZXpoNjE4RFJWTnhYMC03WlhBeklMVFVzQ2xZNWRSUEZOVWE1Qm1n?oc=5) · The Des Moines Register
- 2022-02-19 [Daniel Rubendall Obituary (2015) - Grinnell, IA - Smith Funeral Home and Crematory - Grinnell - legacy.com](https://news.google.com/rss/articles/CBMiiAFBVV95cUxOUHRKX0tfZ0FtQTJkbUQwQ0lLSVhmVG80cWtYaFY2NFhsakpsQm9hYnhGcm03blF5eXdSVzZPVE1LMlk4YWlDZzZhV01lTHA5a2hUQnRfd2xMZ2tJRmxKZTd5dzFDZ1JxdWpMazlGWVdETTlKbWJKVHYtTTBNbFdFLTB2dlROaVJu?oc=5) · legacy.com

## How to verify

- Page: https://getbookiq.com/bank-desk/#bank=11347 (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/19.json (key "11347", 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