# FARMERS STATE BANK
HOSMER, SD · FDIC certificate 12293 · asset band <$300M · latest filing 2025-09 · stopped filing (departed)

**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 | $20.9M | |
| Deposits | $16.8M | |
| Loans and leases | $14.0M | |
| Total equity | $3.6M | |
| Loans / deposits | 82.07% (p67 of band) | 72.79% |
| Liquid assets / assets | 31.17% (p45 of band) | |
| Uninsured deposits / deposits | 5.06% (p4 of band) | 19.24% |
| Brokered deposits | 0.00% | |
| Wholesale funding | 2.39% (p58 of band) | |
| FHLB advances / assets | 0.00% | |
| Tier 1 leverage | 16.92% (p85 of band) | 11.81% |
| Unrealized securities loss / equity | -2.45% (p67 of band) | -7.16% |
| AOCI / equity | 0.00% (p9 of band) | |
| ROA (annualized) | 2.64% (p94 of band) | 1.07% |
| Net interest margin | 4.98% (p89 of band) | 3.81% |
| Efficiency ratio | 57.47% (p26 of band) | |
| Noncurrent loans | 0.00% (p12 of band) | 0.35% |
| Net charge-offs (annualized) | -0.03% (p5 of band) | |
| Reserve coverage of noncurrent | – | |
| Real estate % of loans | 23% | |
| Construction % of loans | 18.03% (p51 of band) | |
| Auto loans | $0 (0.00% of loans; DQ –, NCO 0.00%) | |
| Loans to nondepository financials | $0 (0% of equity) (p48 of band) | |
| Deposits YoY | 3.9% | |
| Employees | 6 | |

## Flags firing in the latest filing

- none

## Warning timeline

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

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

- 2026-08-16 [Allan R. Larson Obituary Jun 1, 2006 - Miller Funeral Home](https://news.google.com/rss/articles/CBMiXEFVX3lxTE1vWGxnT3FHLXJHcEFMaDItTzJqNDZucGhVV3RodXdPNm00Q0QzV04tVC1Mb1dSbk04V0JQT2tiSDMtaFZZUTRja05SM0htS2tvMHNRdjEtX25SSzVD?oc=5) · Miller Funeral Home
- 2018-03-30 [American Bank & Trust announces acquisition - SiouxFalls.Business](https://news.google.com/rss/articles/CBMiekFVX3lxTFBnVl9HdVFnZHVTem0wYTk4aWtMYVlucGtpZ0xIRUZvX1FKakFDU1Q1NXpKcGJ6cUdOdmhWVEpZRkFaV09Za2ZwbENqRHpZcDh5WDJ2bngtck80YlZUVG41dXlWVnQ2ek1jcUpTdTV3cS1wdWNpT1MyUmtn?oc=5) · SiouxFalls.Business
- 2018-04-02 [American Bank & Trust adds eastern South Dakota bank - Argus Leader](https://news.google.com/rss/articles/CBMixwFBVV95cUxOR0N6SENicVhvRE5jQnYzYnJyV1hvb3hEeU9YR09SZVkxVS1kV2FoSFJ5cDEzS1cwaFFZeGRvZ2lDMEIwTmF2RURtejBpSEhVS0N6amZMLVN3MFROcG8wRXJlSGlPTHVxalVvZWVhZjR6XzJobDRpa3Q5MkNiaXhuMkVPcWxmNFNOMktzS1k3bWpTdXV4SExzUEZiSkZ2NjBQMVoteGhaOXVKWGR5WVZUSFdscHNEYXNKeE9UdU5YRWRkdXhya3Y0?oc=5) · Argus Leader
- 2022-05-17 [Meet the South Dakota Bankers With Hearts for Conservation and Community - Successful Farming](https://news.google.com/rss/articles/CBMijAFBVV95cUxNekVXU3owU1VxN2NIc01aNjJKRC02R0tnMVF3bUttbFhJeW9OOHl4UXhPVkkyVUc4ZUJjNnBrX250QjdhbHZXdllKZDBBZ2JsR1FmbDhsdUhfMFIzRDJHX29hLWtrcUoteE5WeUNrYndOVzBjWUdDdVRITS1QdnhXYzJKLTJJVWNuZFpkMg?oc=5) · Successful Farming
- 2023-06-20 [Forbes 2026 America's Best Banks In Each State List - Forbes](https://news.google.com/rss/articles/CBMiXkFVX3lxTE4xcm9keG1VQVdlREh4RG0tMFA2NktMQ1M4SjBicWxRTkJ3a0lOQTVqSXA0d1FkZ0RPOXQxWjFXYzg5SWhNNTBTU0Rqa0Vuekp2TzR5WnhXLTBwel9MdWc?oc=5) · Forbes
- 2025-05-14 [Assets climbed for trusts based in South Dakota - KELOLAND.com](https://news.google.com/rss/articles/CBMinwFBVV95cUxQVHJaT0VIWU9mc2lwUzlXZHZpTW96NDk3MGJmZ2Vja2Y2VDh0S2lUclVqN1o5TVdCUmNKQm10bXdMMEJveVlGSVRFN3JuT1J3LW12UVp0T1BxaVFaZzNTYTYzOUxOUWQ5dlVZQURHTGxicVpUcjRlTC11QjdKZFIxaWlzczMxWE9Wek53MUYxR3ExS01oUk5TRmYyOFlrWnPSAaQBQVVfeXFMUGxQT0EwWkctSDhSTm1FRTR3MjJTdEd5c29faWVWbElmNEQwcnRmdXE5ckItbkg2R1ZkNThFSDhYdlg2V2ZqYXhaV0ZJNHhjRzRMT1EwUHpOMkl0d3M1WTdxUnFTTmE3V0U1bHVNVFNXRFNsMEpCQnNacVpaSTR1UXdjc2h0REdkcnhLYWcxa2JHYVNrTGY0eGlSOUZpdnZFc2lWS3U?oc=5) · KELOLAND.com
- 2013-06-27 [Q&A: Farmers State Bank - aberdeennews.com](https://news.google.com/rss/articles/CBMikAFBVV95cUxNLVdXQmQ0ZWpNTVlKTTlqRmhwUno4cFVuMjZPVXZvVFZycWlCbE9VMUFYMEljREpXYVFFVmVKdkFNTUs0Z3dVZFh4Ymp3Mldjb25XaFJNdTZjYmt5MmQ5cTJlaVZ2T3kwdEZuVVFjUkFfd2RkVkFlbmNpOWVBNExCcUpmWEtrbmUzMUxqbTFHVHU?oc=5) · aberdeennews.com
- 2023-08-17 [Meet the 2023 Augustana Alumni Achievement Award Winners - Augustana University](https://news.google.com/rss/articles/CBMijAFBVV95cUxNc0hEdTBkYXZKSkIzdVF4bG9VNjBJYklaNW1YMEtZcUhCVksxaFJ2LS1sQ2d4N1N3YllrVW1kVG1Ld0NDODBlYm9ieFFtNHJOMG5zdkFUcG5oVm1Xek1qSnh1MEhDbVQybFlSdW1oZFdEZ2JqLWl5MW0yZm9HZVZGZnBEd3AzWTZtbk94NQ?oc=5) · Augustana University

## How to verify

- Page: https://getbookiq.com/bank-desk/#bank=12293 (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/5.json (key "12293", 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