# FIRST STATE BANK
SPEARMAN, TX · FDIC certificate 1218 · asset band <$300M · latest filing 2026-06 · live

**Verdict on the desk:** this could be *credit-stressed*. Composite score 5 (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 | $184.0M | |
| Deposits | $154.0M | |
| Loans and leases | $147.2M | |
| Total equity | $23.6M | |
| Loans / deposits | 94.40% (p86 of band) | 73.59% |
| Liquid assets / assets | 18.51% (p18 of band) | |
| Uninsured deposits / deposits | 26.13% (p72 of band) | 19.81% |
| Brokered deposits | 15.81% | |
| Wholesale funding | 18.82% (p94 of band) | |
| FHLB advances / assets | 1.92% | |
| Tier 1 leverage | 12.57% (p59 of band) | 11.76% |
| Unrealized securities loss / equity | -0.72% (p80 of band) | -6.57% |
| AOCI / equity | -0.54% (p43 of band) | |
| ROA (annualized) | 1.74% (p77 of band) | 1.17% |
| Net interest margin | 4.45% (p75 of band) | 3.93% |
| Efficiency ratio | 58.80% (p32 of band) | |
| Noncurrent loans | 4.44% (p96 of band) | 0.36% |
| Net charge-offs (annualized) | 0.11% (p87 of band) | |
| Reserve coverage of noncurrent | 28.05% | |
| Real estate % of loans | 54% | |
| Construction % of loans | 34.38% (p68 of band) | |
| Auto loans | $1.4M (0.96% of loans; DQ 0.21%, NCO 0.02%) | |
| Loans to nondepository financials | $728,000 (3% of equity) (p97 of band) | |
| Deposits YoY | -2.3% | |
| Employees | 33 | |

## Flags firing in the latest filing

- **brokered >10%** (`liq_brokered`)
- **wholesale funding >15%** (`liq_wholesale`)
- **capital falling** (`cap_falling`)
- **noncurrent p90** (`aq_noncurrent`)
- **reserve under noncurrent** (`aq_reserve`)

## Warning timeline

| Quarter | Score | Flags that first fired | Flags that cleared |
|---|---|---|---|
| 2011-03 | 1 | reserve under noncurrent |  |
| 2011-06 | 1 |  |  |
| 2011-09 | 1 |  |  |
| 2011-12 | 1 |  |  |
| 2012-03 | 2 | capital falling |  |
| 2012-06 | 1 |  | capital falling |
| 2012-09 | 1 |  |  |
| 2012-12 | 1 |  |  |
| 2013-03 | 1 |  |  |
| 2013-06 | 1 |  |  |
| 2013-09 | 1 |  |  |
| 2013-12 | 1 |  |  |
| 2014-03 | 1 | capital falling | reserve under noncurrent |
| 2014-06 | 0 |  | capital falling |
| 2014-09 | 0 |  |  |
| 2014-12 | 0 |  |  |
| 2015-03 | 1 | capital falling |  |
| 2015-06 | 0 |  | capital falling |
| 2015-09 | 0 |  |  |
| 2015-12 | 0 |  |  |
| 2016-03 | 0 |  |  |
| 2016-06 | 0 |  |  |
| 2016-09 | 2 | reserve under noncurrent, assets shrinking |  |
| 2016-12 | 2 | deposits shrinking | reserve under noncurrent |
| 2017-03 | 0 |  | assets shrinking, deposits shrinking |
| 2017-06 | 3 | deposits shrinking, assets shrinking, uninsured deposits leaving |  |
| 2017-09 | 2 |  | assets shrinking |
| 2017-12 | 1 | capital falling | deposits shrinking, uninsured deposits leaving |
| 2018-03 | 1 |  |  |
| 2018-06 | 0 |  | capital falling |
| 2018-09 | 0 |  |  |
| 2018-12 | 0 |  |  |
| 2019-03 | 0 |  |  |
| 2019-06 | 0 |  |  |
| 2019-09 | 0 |  |  |
| 2019-12 | 0 |  |  |
| 2020-03 | 1 | charge-offs p90 |  |
| 2020-06 | 0 |  | charge-offs p90 |
| 2020-09 | 0 |  |  |
| 2020-12 | 1 | expense ratio p90 |  |
| 2021-03 | 0 |  | expense ratio p90 |
| 2021-06 | 2 | deposits shrinking, assets shrinking |  |
| 2021-09 | 3 | reserve under noncurrent |  |
| 2021-12 | 0 |  | deposits shrinking, assets shrinking, reserve under noncurrent |
| 2022-03 | 1 | capital falling |  |
| 2022-06 | 3 | brokered >10%, wholesale funding >15% |  |
| 2022-09 | 2 |  | capital falling |
| 2022-12 | 2 |  |  |
| 2023-03 | 4 | noncurrent p90, reserve under noncurrent |  |
| 2023-06 | 2 |  | noncurrent p90, reserve under noncurrent |
| 2023-09 | 3 | uninsured deposits leaving |  |
| 2023-12 | 3 |  |  |
| 2024-03 | 4 | charge-offs p90 |  |
| 2024-06 | 3 |  | uninsured deposits leaving |
| 2024-09 | 4 | loans exceed deposits, liquid assets <10% | charge-offs p90 |
| 2024-12 | 7 | charge-offs p90, reserve under noncurrent, deposits shrinking, assets shrinking | loans exceed deposits |
| 2025-03 | 2 |  | liquid assets <10%, charge-offs p90, reserve under noncurrent, deposits shrinking, assets shrinking |
| 2025-06 | 3 | charge-offs p90 |  |
| 2025-09 | 3 |  |  |
| 2025-12 | 2 |  | charge-offs p90 |
| 2026-03 | 4 | charge-offs p90, reserve under noncurrent |  |
| 2026-06 | 5 | capital falling, noncurrent p90 | charge-offs p90 |

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

- 2026-09-09 [First State Bank merger with Bastrop bank complete - Colorado County Citizen](https://news.google.com/rss/articles/CBMiowFBVV95cUxNUVVUT283T3NSdFZxWm1lNzlSdS0wS1R5UlNGX3FTYnNFT3gxWVdGTy03dDUtQmN0eW9yTHd0d0R0ZW43UUpFQ1JBV0E1SGFlUnp3YTFzNDh5MjM1MVg4VkptSXVtc19KR1EybW1lZUV0RWZWLUJsTDJfd2d1aVFEQkxYWFJaNUNrY1BRZDc4bmRuZzJyRVc1TldYWUZwUVBzT3pj?oc=5) · Colorado County Citizen
- 2026-04-08 [First Bank Corp completes buyout of First State Bank - Talk Business & Politics](https://news.google.com/rss/articles/CBMijwFBVV95cUxPcWJzZzdpcklaMW01dWF2UWxGUU0tcmRXQ2xXMGNDcE5GNV9pak4yUk9aQUJHN1ZvclNCaHp4X0N6djdqSnVFWnJFSl9DZHhzdTFyRloxUFMzTGpjSjFQeU9Tci1lTDMyTUR1ZjJoLThQdVNIVDdqNVJKaUdOQXg2eVRWdENjXzJVV3hXMmF4WQ?oc=5) · Talk Business &amp; Politics
- 2026-07-30 [Citizens Bank of Las Cruces to merge with Socorro-based First State Bank - The Business Journals](https://news.google.com/rss/articles/CBMinwFBVV95cUxNUDlrSFhzUWx3dF85emdzT0J5Vmtyd2p5eFc5akU4QzY0QUtVcDBpdDNoQ3BZWjdZZnlKT3ZzZWZIM3BXTW1fSk93emNmRW9sRmdKWWZMNUk5VGx6N2tETEUyT0cycmpFLWkxRHFxcEt0QWpFMFFLRE5KeF9vbE1HZF9vWm5wRzBNWW5SWEVHdmlWcUdFMlRUb2Fxd2pjRmc?oc=5) · The Business Journals
- 2026-02-20 [First State Bank of Burnet breaks ground on new location in Plainview - Plainview Herald](https://news.google.com/rss/articles/CBMioAFBVV95cUxPdU1BcGFwZW9iN00wdnJNc2xQNUV5TVlKMXItTEtHaXhJMzFzT2dvUVNpSG1KUnZhR3M1THJwVEFYVy1EclAtZ2FxMjJHanJKTkxFdXhlYVZLaDJPQ2RZMTlMUi05NUR6MWgtdkpPZ0VjTG5vSlZTMmF4VFg1NDlEMnBQTzZvcVlOd3J4dzl3aDhMaFZXY3VwRUc5c0t6elIz?oc=5) · Plainview Herald
- 2026-03-11 [How students can apply for First State Bank’s $1,000 scholarships - Stevens Point Journal](https://news.google.com/rss/articles/CBMi4wFBVV95cUxOSDVxQ1ExYmluRVg3VmhROHozQzQ1SXpnTGwtVmRGOUhGWkMxZWdWWU42SVFTYk1hNnN1NmppSTJIZFhVY3A1M1NrNzRsUVg3N0stU2ZHY0xvM2N3VUZ2OTNGX01jYVRUTkxrVUdITXVVYnZJSHZCVWdHNGUwV1JUc05DZWlUZHdLRzBraE1JWWJZQmdwSTlvNlVrakp4bEdiell5cm16YVV5TnMtMlFkbS1vN2RGM0dCMEIzd2h0akRtQkRfVXBOQUVVLS1RR3VfeHpTTnhISUdzUmZlOUFuS3RMMA?oc=5) · Stevens Point Journal
- 2026-05-12 [Banking legend Carlos Vacek dies at 89 - The Record Newspapers](https://news.google.com/rss/articles/CBMiowFBVV95cUxNODNOQ2ZscG9GWEdESmtZcHNoNXZmc2dFVmdxQ0xEOC1DNXNTaUZjRlRySDFaMTBuSHpSckFaalVJX1d5S1prSmR4ZTcyaWdBQ1NsUlVzRXRudVZIc1FFNHNod0pRejdmcmdvLUdCWkxCZl9TTno2TmpLQnlRN1pwQ3UzTjBTZ3l0MXUxbTNWQUdESDMxeXZ6Q0JscFQ0b2ppcVNN?oc=5) · The Record Newspapers
- 2026-05-08 [Bastrop residents could see expanded First National Bank services following acquisition - Community Impact](https://news.google.com/rss/articles/CBMi3gFBVV95cUxOb1QtWkJhdTRzVWdLUFNOX1dZd09fY1RWNFpIS1JMa2tkT0lZTHZxQWU5YldxNThhakRCakRyc2VadTRLSHN3dXVwZ3podTJFT09CdmYxM3lJTWItMnJzR1NqcFJfZ19wMGxidzVsbkRFOG45M2RSOU41Wng5VzVFOXFLQXJTMGlYZ2xBTmJGb0ZQcVkwUDd2alBJOTI4dDFXd2JxMXh1czlnVzMyZGp0U1VTQzdhQVZJVDdQT0pjWEdULXdSQk12QzZBVW5BVHVUbG5FVkNndHBOQklkYUE?oc=5) · Community Impact
- 2026-02-20 [First State Bank of Uvalde, Stary family donate to support first responder training - Uvalde Leader News](https://news.google.com/rss/articles/CBMiwwFBVV95cUxOcmt2RERGcG11R1ZmTUZKYjlHYV9rZGVaOFV2d2tPTm1uYUdwR2o2MnUtMzY2dXNtVTFwWEJybnBjWHVjUjVDdkh5OUVQeHVrNUNENkJmTzhZb29PSFFkQWwtaWx0NmpIbWU2TGNYUHZGOHNOZ0dCRENyNHE3V3ZoWVZtVGQ4RlJUNVZ0Q1RZR0dla1paYkdSdEM3R1lNa1JtUDNTQTFMRVlFRy1mQWNUOU9wb3ZTb0ZjT1VBNElLbUJPRVE?oc=5) · Uvalde Leader News

## How to verify

- Page: https://getbookiq.com/bank-desk/#bank=1218 (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/2.json (key "1218", 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