# FIRST STATE BANK
SUMNER, IA · FDIC certificate 11634 · asset band <$300M · latest filing 2020-12 · stopped filing (departed)

**Verdict on the desk:** this could be *credit-stressed*. 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 | $102.5M | |
| Deposits | $81.7M | |
| Loans and leases | $46.4M | |
| Total equity | $14.5M | |
| Loans / deposits | 55.93% (p30 of band) | 68.14% |
| Liquid assets / assets | 48.91% (p72 of band) | |
| Uninsured deposits / deposits | 27.60% (p80 of band) | 17.85% |
| Brokered deposits | 0.00% | |
| Wholesale funding | 5.27% (p74 of band) | |
| FHLB advances / assets | 5.27% | |
| Tier 1 leverage | 12.56% (p71 of band) | 10.68% |
| Unrealized securities loss / equity | 7.45% (p83 of band) | 2.41% |
| AOCI / equity | 3.39% (p76 of band) | |
| ROA (annualized) | 0.20% (p11 of band) | 0.92% |
| Net interest margin | 2.94% (p22 of band) | 3.52% |
| Efficiency ratio | 83.26% (p79 of band) | |
| Noncurrent loans | 5.39% (p98 of band) | 0.43% |
| Net charge-offs (annualized) | 0.95% (p99 of band) | |
| Reserve coverage of noncurrent | 26.20% | |
| Real estate % of loans | 62% | |
| Construction % of loans | 7.54% (p39 of band) | |
| Auto loans | $1.0M (2.20% of loans; DQ 0.29%, NCO 0.00%) | |
| Loans to nondepository financials | $0 (0% of equity) (p48 of band) | |
| Deposits YoY | 12.0% | |
| Employees | 16 | |

## Flags firing in the latest filing

- **capital falling** (`cap_falling`)
- **noncurrent p90** (`aq_noncurrent`)
- **charge-offs p90** (`aq_nco`)
- **reserve under noncurrent** (`aq_reserve`)

## 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 | 1 | uninsured deposits leaving |  |
| 2012-06 | 1 |  |  |
| 2012-09 | 1 |  |  |
| 2012-12 | 0 |  | uninsured deposits leaving |
| 2013-03 | 0 |  |  |
| 2013-06 | 0 |  |  |
| 2013-09 | 1 | deposits shrinking |  |
| 2013-12 | 0 |  | deposits shrinking |
| 2014-03 | 1 | deposits shrinking |  |
| 2014-06 | 0 |  | deposits shrinking |
| 2014-09 | 0 |  |  |
| 2014-12 | 1 | capital falling |  |
| 2015-03 | 0 |  | capital falling |
| 2015-06 | 0 |  |  |
| 2015-09 | 0 |  |  |
| 2015-12 | 0 |  |  |
| 2016-03 | 2 | deposits shrinking, uninsured deposits leaving |  |
| 2016-06 | 1 |  | uninsured deposits leaving |
| 2016-09 | 0 |  | deposits shrinking |
| 2016-12 | 0 |  |  |
| 2017-03 | 0 |  |  |
| 2017-06 | 0 |  |  |
| 2017-09 | 0 |  |  |
| 2017-12 | 2 | wholesale funding >15%, capital falling |  |
| 2018-03 | 1 |  | capital falling |
| 2018-06 | 2 | losing money |  |
| 2018-09 | 0 |  | wholesale funding >15%, losing money |
| 2018-12 | 3 | losing money, charge-offs p90, assets shrinking |  |
| 2019-03 | 1 |  | losing money, charge-offs p90 |
| 2019-06 | 0 |  | assets shrinking |
| 2019-09 | 1 | charge-offs p90 |  |
| 2019-12 | 4 | deposits shrinking, assets shrinking, uninsured deposits leaving |  |
| 2020-03 | 3 | losing money, noncurrent p90, reserve under noncurrent | charge-offs p90, deposits shrinking, assets shrinking, uninsured deposits leaving |
| 2020-06 | 2 |  | losing money |
| 2020-09 | 3 | capital falling |  |
| 2020-12 | 4 | charge-offs p90 |  |

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

- 2026-03-09 [First National Bank to Acquire First State Bank of Fountain and Root River State Bank - Fillmore County Journal](https://news.google.com/rss/articles/CBMivAFBVV95cUxPWEJfbFhOemgyV1FNU25XUk9VbDNVWEM2WkN0Z016c1lXLU1kN1kxVTJiUkVWUXR1UW5IRk1rWmJLa29aOG9FeWdoZUloNlNJNEh0UEUzX2pDS19CaEM0Vzd1VFVXbWxfbWh0N2ZNWFVjVjV3RjlucDNJR0w3RGJmZXowem1URE03YU5WNVBYSTZwYXltNnhOeUhUNDZoeWo3Ml9JU1lqcy1NQ0o3Sk45QmRNdTI1WW1TY0RrRw?oc=5) · Fillmore County Journal
- 2026-08-10 [Heartland Bank to acquire, merge with Tri-County Financial Group in $200M transaction - Shaw Local](https://news.google.com/rss/articles/CBMi0wFBVV95cUxPdFpJUEhRdDVVLXAwSU9vcGlKdW9FVU82aUUzaEFVQXBIRzE0blV2ZncyZXY3TTZ6U0tGRmRFZGZySkNuQnNDZHJmQUcyamJNMWRmakRxaDJfZ05PbjZnZU0yQUpYZ0xOLWg1c09WY1FCbnhBT1F6V0I2Qnl4eFluWUVFNE5Ma0ljeXJPRDVjUlJMLWlLSG9vY3VtSjdwSnRfVkhPRXlTZXZZeGVYTjRhWWlyZDlYYjNlcnJqUUYtQUt5MGlINmUyNnFMaFlINUZ6UHFV?oc=5) · Shaw Local
- 2026-01-21 [First Resource Bank to acquire First State Bank of Wyoming, pushing assets past $1 billion - The Business Journals](https://news.google.com/rss/articles/CBMiqgFBVV95cUxOQ010Q1J4UTRBLWdrQlBvMVRRNlFBU2xqUzIydW41bGdBa19HT2xacE4tV1NtSmE0VDlGOTJ3QU1mVWR5RGs1RXQteTVaWldLWGxrcWNUSGRydERvUXI0eWZEUlFnRkVEZzZDLUF5cmNtTlZELVNXaGFiY29oRTQ0RXBLdmZmOUdjdHR1dzVKMW9GSFJmZnp4MlBnUC1ZZ25lSkpQQnhPYjNkUQ?oc=5) · The Business Journals
- 2026-02-18 [List Of Failed Banks: 2009-2026 - Bankrate](https://news.google.com/rss/articles/CBMiZEFVX3lxTFAtbi1TaWMteGEyOHdQbnlXd0tPRzM2WFJQZjdPdzViQTZFLVVHODJRTEdqRWhnMkxIOG5xMUVSWU5iNHZSbVpnQ2Z4TWdiMDVwN2NTdUNGd3dXZ2tGcGZ2VWVJRnM?oc=5) · Bankrate
- 2026-08-10 [HBT Financial, Inc. and Tri-County Financial Group, Inc. Jointly Announce Strategic Transaction - The Manila Times](https://news.google.com/rss/articles/CBMi-AFBVV95cUxPeV9DUVVFYlltYTJVc3F3R3JRcmZJcG9KUklQOVRpX3ctQkx4UVFwTllBS09NNDJ2bUJmSG1FRVFJZk96ZWxadnJXYUlMMktPc0hTZ0JGNWE2YWZKTXA5RFJ1LTRYWjAyQ1F3WnVkY0d5WHp5ek9oZlJWdzhraC1zZjl3VERva2hvUl9MMHlHTDVqSUd3cHh1RWU4UVNLMmh4REY3ZDExMVFNWFB1dG1xLXBPa3BkenRSeFBtbUh2Z0ZoRzg4b0tnR0hEMS04QWdXZk5GWWF6dzU5dUxpTzBsZEIxSkstWV9qQWloYnd0YUJwckhxY3lBWNIB_gFBVV95cUxPcGFsV3lESjl1SWxnOWxGam9LNU95WmNRMDVTMTdkMUZXYkF2elNkMGdDakQ3Tk1QcVA1SGJPMGhVT2FTLWhNWUxFYTRlQ01sZjdDRHJuZEdLbDJNY0E1WTBCSkZRV2xTLVVfcUVTT2Vjb0pNeTlFQWNyQXZWOEpfalRzdDBtUkhPM25BYnB6SzI2UTA0SW1fc3pzbktnOXpUcWViY1NGVzAwRkQxVU9NNFllcDJzNFkyNVBJWFhvQnk1dXhLMk9OekdtSkZmZ2IyNDlNX2t6aE1Ua2Q1VmltMkQ2ZXpiMTdoclAyMGpVb2d0ekhwYm5BbDgydXR6dw?oc=5) · The Manila Times
- 2020-07-15 [Northeast Security Bank, Sumner announces intentions to acquire First State Bank, Sumner - Community Newspaper Group](https://news.google.com/rss/articles/CBMivgJBVV95cUxNeXB0QzdWcE1xWDRkWnpWdzNxVUc5Z180eV80X1lNeEZISWszdDZPYV9uQ3pLM2RvT1hRTzlrM3QxNE40TC1WVWpNS2pqVTlCUlVza01TSE9QMkYxaFJpd1Q2SFB1ejVVSm1fbUFWT2ZwcWVUQ21XZFRJRFFQNEZPUzJsWXZ6a1AtQWp2aGJWTUlwTWxpYnhmUXp4VUNOQzZXLVNuRWNnOWVIbS1FMjV6ajE5VWFNTHBPNVJ5elBheXg3bWZvRl9sSHF6dnBJY3htU0JwcVBOWjlBS21jZU5HTjBhaUkzNk85UUtkUG5FY0lDSGtEZXZ3WWRqTW9NSlY5RHU2SzM1aF9CS2RRYzFNRHNKUVlhSzhJbDhQeXNqdnBSQ3FSMkVpbmtZMm5xTldDWXJsX0Y3bHY0LW9QTkE?oc=5) · Community Newspaper Group
- 2024-05-12 [First State Bank acquires Montezuma’s Capra - southeastiowaunion.com](https://news.google.com/rss/articles/CBMi2gFBVV95cUxQN0sxMDF1Z2lsdEw3TGVHVWMtaUhuc3ZTd0lTTW9DVERlTHBXVUhkamp3Y0hCck5EM1BIaFVlS3ZkMUprWklnX1RDOFVEMmpMakJnTXJsam9vU296blN3OGZGa0NfejQ2dG4yZEdveHZDNDRYeFB1OE1FVHUxOTlmYm5uNGFyRXNnYWE2ZWRqM0NQYkZfcEdOQnI2d0s0NDRrdjhGTUQxMGVWN2E4ZUdZc09QbzNsc2VPaEdYVUFZNGdna2EyaVdjWG5QWjFTNFpKeUdkUXVzbW5uUQ?oc=5) · southeastiowaunion.com
- 2025-08-17 [New buildings are a fresh take on downtown Webster City’s future - - The Freeman Journal](https://news.google.com/rss/articles/CBMiuwFBVV95cUxQRktGOThQVmtBLTZiQjZNNUt5NE1XWUFTNlRXcHg4ckNhTWF3R2ltZl93eHRRRndDNThMbkpvS2pKQW9xV2gxSldnZm5RU0k5NDVDWTM3ai1lWFdTNGhrZ1htZFVGNGdkSkNLUnI2bWFoNEIzQUNUUC1scjlKU084Wmo4NWRRS0VwMFhEeGtUel9CdTg2eWVqTXJDbVVNWFY0SHBVbzlNQWN1Q0F6NVhlMnk2bDJ2TDc5RWU0?oc=5) · The Freeman Journal

## How to verify

- Page: https://getbookiq.com/bank-desk/#bank=11634 (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/50.json (key "11634", 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