# FIRST STATE BANK
IRVINGTON, KY · FDIC certificate 12149 · asset band $300M-1B · latest filing 2026-06 · live

**Verdict on the desk:** this could be *ordinary*. Composite score 3 (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 | $402.0M | |
| Deposits | $354.3M | |
| Loans and leases | $288.4M | |
| Total equity | $41.4M | |
| Loans / deposits | 81.21% (p48 of band) | 82.04% |
| Liquid assets / assets | 24.21% (p49 of band) | |
| Uninsured deposits / deposits | 14.34% (p11 of band) | 25.97% |
| Brokered deposits | 6.78% | |
| Wholesale funding | 7.35% (p68 of band) | |
| FHLB advances / assets | 0.58% | |
| Tier 1 leverage | 11.23% (p59 of band) | 10.81% |
| Unrealized securities loss / equity | -17.35% (p26 of band) | -8.10% |
| AOCI / equity | -0.24% (p56 of band) | |
| ROA (annualized) | 1.72% (p76 of band) | 1.28% |
| Net interest margin | 4.08% (p59 of band) | 3.91% |
| Efficiency ratio | 45.90% (p11 of band) | |
| Noncurrent loans | 1.33% (p80 of band) | 0.43% |
| Net charge-offs (annualized) | 0.02% (p66 of band) | |
| Reserve coverage of noncurrent | 18.93% | |
| Real estate % of loans | 82% | |
| Construction % of loans | 109.45% (p89 of band) | |
| Auto loans | $4.7M (1.62% of loans; DQ 0.84%, NCO 0.02%) | |
| Loans to nondepository financials | $0 (0% of equity) (p45 of band) | |
| Deposits YoY | 18.9% | |
| Employees | 90 | |

## Flags firing in the latest filing

- **capital falling** (`cap_falling`)
- **reserve under noncurrent** (`aq_reserve`)
- **construction >100% equity** (`conc_construction`)

## Warning timeline

| Quarter | Score | Flags that first fired | Flags that cleared |
|---|---|---|---|
| 2011-03 | 0 |  |  |
| 2011-06 | 1 | reserve under noncurrent |  |
| 2011-09 | 1 |  |  |
| 2011-12 | 2 | capital falling |  |
| 2012-03 | 1 |  | reserve under noncurrent |
| 2012-06 | 1 |  |  |
| 2012-09 | 2 | reserve under noncurrent |  |
| 2012-12 | 2 |  |  |
| 2013-03 | 3 | leverage <7% |  |
| 2013-06 | 0 |  | capital falling, reserve under noncurrent, leverage <7% |
| 2013-09 | 0 |  |  |
| 2013-12 | 2 | deposits shrinking, assets shrinking |  |
| 2014-03 | 3 | uninsured deposits leaving |  |
| 2014-06 | 0 |  | deposits shrinking, assets shrinking, uninsured deposits leaving |
| 2014-09 | 0 |  |  |
| 2014-12 | 0 |  |  |
| 2015-03 | 1 | reserve under noncurrent |  |
| 2015-06 | 0 |  | reserve under noncurrent |
| 2015-09 | 1 | reserve under noncurrent |  |
| 2015-12 | 1 |  |  |
| 2016-03 | 1 |  |  |
| 2016-06 | 1 |  |  |
| 2016-09 | 0 |  | reserve under noncurrent |
| 2016-12 | 0 |  |  |
| 2017-03 | 2 | reserve under noncurrent, uninsured deposits leaving |  |
| 2017-06 | 2 | capital falling | uninsured deposits leaving |
| 2017-09 | 2 |  |  |
| 2017-12 | 1 |  | capital falling |
| 2018-03 | 1 |  |  |
| 2018-06 | 3 | deposits shrinking, uninsured deposits leaving |  |
| 2018-09 | 3 | construction >100% equity | deposits shrinking |
| 2018-12 | 3 | capital falling | reserve under noncurrent |
| 2019-03 | 1 |  | uninsured deposits leaving, capital falling |
| 2019-06 | 1 |  |  |
| 2019-09 | 3 | capital falling, reserve under noncurrent |  |
| 2019-12 | 3 |  |  |
| 2020-03 | 2 |  | capital falling |
| 2020-06 | 2 |  |  |
| 2020-09 | 5 | deposits shrinking, assets shrinking, uninsured deposits leaving |  |
| 2020-12 | 3 |  | deposits shrinking, assets shrinking |
| 2021-03 | 2 | capital falling | construction >100% equity, uninsured deposits leaving |
| 2021-06 | 2 |  |  |
| 2021-09 | 2 | noncurrent p90 | capital falling |
| 2021-12 | 2 |  |  |
| 2022-03 | 1 |  | noncurrent p90 |
| 2022-06 | 3 | AOCI drag >20% of equity, securities losses >30% of equity |  |
| 2022-09 | 3 |  |  |
| 2022-12 | 3 |  |  |
| 2023-03 | 1 |  | reserve under noncurrent, AOCI drag >20% of equity |
| 2023-06 | 4 | capital falling, reserve under noncurrent, construction >100% equity |  |
| 2023-09 | 3 |  | capital falling |
| 2023-12 | 3 |  |  |
| 2024-03 | 4 | capital falling |  |
| 2024-06 | 3 |  | reserve under noncurrent |
| 2024-09 | 1 |  | securities losses >30% of equity, capital falling |
| 2024-12 | 2 | securities losses >30% of equity |  |
| 2025-03 | 2 | capital falling | securities losses >30% of equity |
| 2025-06 | 1 |  | capital falling |
| 2025-09 | 1 |  |  |
| 2025-12 | 1 |  |  |
| 2026-03 | 1 |  |  |
| 2026-06 | 3 | capital falling, reserve under noncurrent |  |

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

- 2026-02-18 [List Of Failed Banks: 2009-2026 - Bankrate](https://news.google.com/rss/articles/CBMiZEFVX3lxTFAtbi1TaWMteGEyOHdQbnlXd0tPRzM2WFJQZjdPdzViQTZFLVVHODJRTEdqRWhnMkxIOG5xMUVSWU5iNHZSbVpnQ2Z4TWdiMDVwN2NTdUNGd3dXZ2tGcGZ2VWVJRnM?oc=5) · Bankrate
- 2025-07-01 [Y-12 Federal Credit Union finalizes acquisition of First State Bank of the Southeast - Middlesboro News](https://news.google.com/rss/articles/CBMiwgFBVV95cUxON0FxUTNpbnpuOEd4cUN4eXZmVDBZaEVOdklLWHZjanhORUpCODgtbTNMZkEwdXVtVjBaZlplRE01Z2c0cG1Da1ZGU3l2N3FNZUFvSVA4VVhWUWw3NjdGT2V0a0Z0QVlSYzhtdUEwMTJUcXVhUWdWcFFLZXYzMDR5M2F0WE4xMUVIQ28zWS1lRW9ERERSN201UmkzeWtmU0VidUtuUlRqZjN1eXg3dDRMTE5RVks2SkM0Zldzb2NDMTZldw?oc=5) · Middlesboro News
- 2024-10-23 [Oak Ridge-based Y-12 Federal Credit Union to acquire First State Bank of the Southeast - Oak Ridger](https://news.google.com/rss/articles/CBMiygFBVV95cUxNeHBBVUxJVUxxd3NDbWFWd2dDMFJMVDZUSWt0Mi1za1NHZUc0OEJyVFQxV3ZwRVQzbUUtNlo3QTN1LWxZRjVxQ0lmdGNHeWVid3l6d3Q3OTBEamNtRHNjM1JUVE5zazV0WEwwakt6NjhoNE1rV1d3ZUQyNk5xaGhFMXpZYThzNno0M0pfNlNMSlExTWlhakNfYThPdGdOdlZUVlo4VXk4NXNFMDhoVUVTM2k2b2twNGRUZ2JpUFRZVmo1NDAyWTZpTWlB?oc=5) · Oak Ridger
- 2024-10-23 [Y-12 Credit Union Announces Plans to Acquire First State Bank of the Southeast - The Big ONE 106.3 FM WRIL](https://news.google.com/rss/articles/CBMirwFBVV95cUxQMlpraXNOR1dDeDFXWl91Wlp1eGU5UjJzVXlCS2dLWUozdDFqeURNazROc1UxWWR0dEZSTF9RdHM3SHdDTzFyZmpQZ1FFb1RvOUgwOTRUaFV4cm42a05DV2pPUXl3bWxMN0t3bDM0UzlNaFBjQXZJSmJUTlZtMU5hdm9mQndfQUpQckFTZTZwVlNCZVBtWGMta0MxTkRJWmNjb3lSWGhWMnNuLTFGNUtR?oc=5) · The Big ONE 106.3 FM WRIL
- 2024-10-24 [Tennessee credit union crosses state line in bank purchase - Banking Dive](https://news.google.com/rss/articles/CBMisAFBVV95cUxNcUlsTE5JMDdoSWIxcUhZTFc1SUVvYW16ZjdHem9ybUtSYlREc005SV9CcldzcWVpVnhyYjFFTzl5LW9CVmFSN3l6NjNQdGxXZ21DZldVLTZ2Ry05N0dGWWh2RkNjZE94WGhES1JObEpiQ1FCeTR1VnZudjJzbmVzYWVyakVFOWlGTk9BX2oyNnVZdENVbER2a1dOaEFDcHNZTVNOd1J3aXpnN1BSVzFPYg?oc=5) · Banking Dive
- 2017-12-22 [First State Bank and Trust names President/CEO - KFVS12](https://news.google.com/rss/articles/CBMijAFBVV95cUxOcFlpWXNEQ0ExZ2xIT1dCQ0dqMlVoaWZEdnppQVNFYmwyUFRORW5NS2JaZ1YydTNPd3Q5SE9INDJNbDE4dDkzNFNUTko4dmFpR2YzVDFBM1JoZHpFbmlST1g5ZDA5MTJMQ0xoQlVka1pMVEhoZ1p3U1c2RURlZjUwYjRVRkd6YVNUdFVQM9IBnwFBVV95cUxQMU4yZFVfa0ROZFVhQVh5eDF6S3pjV21HWXM4ZGxxRFpndXRNb29mbU9hMHZVOFItRmRZWHpPVjhVNlZEdGZMTlpTYkhZNklPaEJRYXRUZUljakJxTmNPWTNQZnBPUjN6Mjg0XzFFVHM5TE1wTnFhNGVQSlE4N2I0YktaVmowYUpBZkY2cllDQmJKaXRkbHdOc0FCTy14SnM?oc=5) · KFVS12
- 2020-11-06 [First State Bank closing two Denton branches - Denton Record-Chronicle](https://news.google.com/rss/articles/CBMiwgFBVV95cUxOanNINW4xaV9XLU5jN2RURmJxZENDXzlkY1JLTHBDUkdTSmtjbGhfX1dsa0hxN2pkOE1GQ0picGlwajJVYzdQNzFwcW01SDMwSk1HOU8tdkR5YklKaVI5LW5vNThOLTJ0YmtUZW5ZQ0xLTlZvZVJtSHA4U3IxUXd4cDJGVGdXOEJTRTRZREViUm9VRUxBcTRmUDlNbTNqS3MtelRObC1EMWd0NnNDanUzVjN2MkYzckdrWjNjV1RLUXdTZw?oc=5) · Denton Record-Chronicle
- 2023-01-23 [Richmond promoted to First State Bank commercial lending manager - News Democrat](https://news.google.com/rss/articles/CBMiqAFBVV95cUxPS2FHZVItQWxWU0pTYjFmTjdnVzQxcmpzQk5RY0I2RDAwVnhKTmVyTm9VMGFrblJtOGk4VE1xN2s2SXg2UDh6THE1VVpIMEFKalByWGJxSVM0c19HYkdYZlhfYzBEUmhCTDJmSkxxWnlpelI2NG9CMEpYU0RvQTltMTQ5NXJOcVlLUEItV0hvTlo4N3gxcDVRUEtERndoNGs1dGt6V2M3cHQ?oc=5) · News Democrat

## How to verify

- Page: https://getbookiq.com/bank-desk/#bank=12149 (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/53.json (key "12149", 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