# WELCOME STATE BANK
WELCOME, MN · FDIC certificate 11417 · asset band <$300M · latest filing 2026-06 · live

**Verdict on the desk:** this could be *fortress*. Composite score 0 (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 | $44.3M | |
| Deposits | $38.1M | |
| Loans and leases | $30.5M | |
| Total equity | $5.7M | |
| Loans / deposits | 78.95% (p60 of band) | 73.59% |
| Liquid assets / assets | 30.26% (p45 of band) | |
| Uninsured deposits / deposits | 16.14% (p36 of band) | 19.81% |
| Brokered deposits | 0.00% | |
| Wholesale funding | 0.63% (p51 of band) | |
| FHLB advances / assets | 0.00% | |
| Tier 1 leverage | 12.81% (p61 of band) | 11.76% |
| Unrealized securities loss / equity | -0.10% (p90 of band) | -6.57% |
| AOCI / equity | -0.47% (p46 of band) | |
| ROA (annualized) | 2.94% (p96 of band) | 1.17% |
| Net interest margin | 4.67% (p82 of band) | 3.93% |
| Efficiency ratio | 40.45% (p3 of band) | |
| Noncurrent loans | 0.00% (p12 of band) | 0.36% |
| Net charge-offs (annualized) | -0.03% (p6 of band) | |
| Reserve coverage of noncurrent | – | |
| Real estate % of loans | 70% | |
| Construction % of loans | 6.24% (p32 of band) | |
| Auto loans | $1.1M (3.51% of loans; DQ 0.28%, NCO -0.01%) | |
| Loans to nondepository financials | $0 (0% of equity) (p48 of band) | |
| Deposits YoY | 4.3% | |
| Employees | 7 | |

## Flags firing in the latest filing

- none

## Warning timeline

| Quarter | Score | Flags that first fired | Flags that cleared |
|---|---|---|---|
| 2011-03 | 0 |  |  |
| 2011-06 | 0 |  |  |
| 2011-09 | 0 |  |  |
| 2011-12 | 0 |  |  |
| 2012-03 | 0 |  |  |
| 2012-06 | 0 |  |  |
| 2012-09 | 0 |  |  |
| 2012-12 | 0 |  |  |
| 2013-03 | 0 |  |  |
| 2013-06 | 0 |  |  |
| 2013-09 | 0 |  |  |
| 2013-12 | 1 | assets shrinking |  |
| 2014-03 | 2 | capital falling |  |
| 2014-06 | 0 |  | assets shrinking, capital falling |
| 2014-09 | 1 | uninsured deposits leaving |  |
| 2014-12 | 0 |  | uninsured deposits leaving |
| 2015-03 | 1 | capital falling |  |
| 2015-06 | 0 |  | capital falling |
| 2015-09 | 0 |  |  |
| 2015-12 | 1 | charge-offs p90 |  |
| 2016-03 | 1 | capital falling | charge-offs p90 |
| 2016-06 | 1 |  |  |
| 2016-09 | 2 | noncurrent p90, reserve under noncurrent | capital falling |
| 2016-12 | 2 | charge-offs p90 | noncurrent p90 |
| 2017-03 | 1 | capital falling | reserve under noncurrent, charge-offs p90 |
| 2017-06 | 0 |  | capital falling |
| 2017-09 | 0 |  |  |
| 2017-12 | 0 |  |  |
| 2018-03 | 1 | charge-offs p90 |  |
| 2018-06 | 0 |  | charge-offs p90 |
| 2018-09 | 4 | loans exceed deposits, deposits shrinking, assets shrinking, uninsured deposits leaving |  |
| 2018-12 | 3 |  | loans exceed deposits |
| 2019-03 | 0 |  | deposits shrinking, assets shrinking, uninsured deposits leaving |
| 2019-06 | 0 |  |  |
| 2019-09 | 0 |  |  |
| 2019-12 | 0 |  |  |
| 2020-03 | 1 | uninsured deposits leaving |  |
| 2020-06 | 0 |  | uninsured deposits leaving |
| 2020-09 | 0 |  |  |
| 2020-12 | 0 |  |  |
| 2021-03 | 1 | capital falling |  |
| 2021-06 | 1 |  |  |
| 2021-09 | 0 |  | capital falling |
| 2021-12 | 0 |  |  |
| 2022-03 | 0 |  |  |
| 2022-06 | 0 |  |  |
| 2022-09 | 0 |  |  |
| 2022-12 | 1 | charge-offs p90 |  |
| 2023-03 | 1 |  |  |
| 2023-06 | 1 |  |  |
| 2023-09 | 0 |  | charge-offs p90 |
| 2023-12 | 0 |  |  |
| 2024-03 | 0 |  |  |
| 2024-06 | 0 |  |  |
| 2024-09 | 1 | deposits shrinking |  |
| 2024-12 | 0 |  | deposits shrinking |
| 2025-03 | 0 |  |  |
| 2025-06 | 0 |  |  |
| 2025-09 | 0 |  |  |
| 2025-12 | 0 |  |  |
| 2026-03 | 0 |  |  |
| 2026-06 | 0 |  |  |

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

- 2023-12-01 [State Bank of Lismore sold to First Western Bank & Trust - The Globe | Worthington, Minnesota](https://news.google.com/rss/articles/CBMikgFBVV95cUxONmZIN3NYWk1LQ0FXZE55SFlYazdqMEpSa0twb2F0UGV2eFlWZzJRNzNsdklpSV9zSGtITzhfSUlncDltQkFrdXpHS09xNUxubDJxMnIzWFpaZkNLSms2eWpoR0RoV0lsVnhqRTVqTjlyQThBUzdISkFjcjBaZV90TmZFWlhxRHJBOXZjX3E3bVhNUQ?oc=5) · The Globe | Worthington, Minnesota
- 2025-07-18 [New Washington State Bank to acquire State Bank of Medora - The Business Journals](https://news.google.com/rss/articles/CBMilgFBVV95cUxPRVNiRl9vSF9Ja0pNRHdISFJ1Zk5oTHpQMS0xOUNaZjNJbGNmOWduWlptRXBfZThNRmYtSjF1eGVKcmVLZFk1WVprWVFYUjNtVTFFak9va3p4djViZExYNk5BRjBZZEdOWmMxNy1JdnNJaHFodmFXaEpZRndUQWY1T01VdmdWYkR2STZoVEhEaDhwQ2k5dFE?oc=5) · The Business Journals
- 2016-10-10 [Miriam J. Hansen Obituary Oct 10, 2016 - Hartquist Funeral & Cremation Services](https://news.google.com/rss/articles/CBMia0FVX3lxTE50ei1wUzcxbFhQVkp2UUtSUS15UXp3U2owUnZFSHJDZ3AtazdsR2dEY2ExMklwVFM2dFN2RElzZ0F5ZUI5Q0xmdDk0RFM3SmRQb1lkTmpQZDdoZUhhRk9lakRaNkVtY0NUUlRJ?oc=5) · Hartquist Funeral &amp; Cremation Services
- 2026-05-17 [Business Notes for May 17, 2026 | Cedar Rapids Business News, Iowa City Business News - thegazette.com](https://news.google.com/rss/articles/CBMitwFBVV95cUxPNFlLOU9tbmh3T0VNUkZKQk54ODRWRzkzeUpTaENkRlZPLWRLUVZrODRWSFF6MGk2NHRiMWpDV1VROHl3ZlQ2MHFmYU9laXZ0SGJRc3ZjdzR4N1hONmNuV1ZnUDVqWGlrdFNacWlfZmZ6QUxYdEw0OGp3eUJ0eXZXdGMtTjBCdU1EYnpDUHJ1SzJTeHJhX0Y5NDVYY3hHX3FxbURPRzFqNWwzTUxxa1k5eFJhNS1vWnM?oc=5) · thegazette.com
- 2018-05-08 [John "Pal" Eisenmenger - legacy.com](https://news.google.com/rss/articles/CBMirgFBVV95cUxQRjBsb013MzJxRjFvN19PUDdtSUhUODVuQU1IMnUxX0lnNUxONmk0T3ppNE5wVFM0NUFQWTF0ejlWbTBaajVqNVFLTkFULUE0M2lRTzVVUTlFVkxqTnVUQWFuYWdvSF95YkhvS0ZuRTU4LUQ2b0xPSkNKd2pUTmZzUnBVd0N0dHlEczJ1Tlp6ajZVMzU1WDh2UEZUN1ZqRFdNTWEwSHQxZTlSRFVmdFE?oc=5) · legacy.com

## How to verify

- Page: https://getbookiq.com/bank-desk/#bank=11417 (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/25.json (key "11417", 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