# DAKOTA HERITAGE STATE BANK
CHANCELLOR, SD · FDIC certificate 12643 · asset band <$300M · latest filing 2012-09 · stopped filing (departed)

**Verdict on the desk:** this could be *funding-stretched*. 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 | $45.6M | |
| Deposits | $38.4M | |
| Loans and leases | $38.6M | |
| Total equity | $4.7M | |
| Loans / deposits | 100.36% (p96 of band) | 69.20% |
| Liquid assets / assets | 9.99% (p3 of band) | |
| Uninsured deposits / deposits | 12.49% (p70 of band) | 8.50% |
| Brokered deposits | 0.00% | |
| Wholesale funding | 5.15% (p68 of band) | |
| FHLB advances / assets | 0.98% | |
| Tier 1 leverage | 8.66% (p22 of band) | 10.13% |
| Unrealized securities loss / equity | 0.51% (p18 of band) | 3.81% |
| AOCI / equity | 0.53% (p57 of band) | |
| ROA (annualized) | 1.02% (p63 of band) | 0.80% |
| Net interest margin | 3.84% (p55 of band) | 3.77% |
| Efficiency ratio | 69.26% (p42 of band) | |
| Noncurrent loans | 0.20% (p20 of band) | 1.27% |
| Net charge-offs (annualized) | 0.01% (p29 of band) | |
| Reserve coverage of noncurrent | 12.99% | |
| Real estate % of loans | 47% | |
| Construction % of loans | 38.62% (p74 of band) | |
| Auto loans | $928,000 (2.41% of loans; DQ 0.00%, NCO 0.01%) | |
| Loans to nondepository financials | $0 (0% of equity) (p48 of band) | |
| Deposits YoY | 18.4% | |
| Employees | 10 | |

## Flags firing in the latest filing

- **loans exceed deposits** (`liq_ltd`)
- **liquid assets <10%** (`liq_thin`)
- **capital falling** (`cap_falling`)
- **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 | 1 | NIM <2.5% |  |
| 2012-03 | 2 | capital falling, reserve under noncurrent | NIM <2.5% |
| 2012-06 | 2 |  |  |
| 2012-09 | 4 | loans exceed deposits, liquid assets <10% |  |

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

- 2022-01-27 [After 20 years in Twin Cities, experienced banker returns to home state in leadership role - SiouxFalls.Business](https://news.google.com/rss/articles/CBMiugFBVV95cUxPSjl3Ym52clFPdEtibnBLRHY0VTN6WkhBQVFTRjdjcWo2UHhyQ2lRYmFsNG5mYm10bEVaY084bmczS3ZJR2FlNURTbDcyZl9rYk54Y1M2b3NKOTBPNlQtbE50YjhqNF9NdlVPVGVPall0Nl93R0xtZ08zQVNHNHpfLWMwMXVINVJYMEc2dV8ycjFqRGNQYUZRY01HaUxJQ2Y0UmVNTUR0ZUh3aFlZQ2xVTnlXZk54RC02dVE?oc=5) · SiouxFalls.Business

## How to verify

- Page: https://getbookiq.com/bank-desk/#bank=12643 (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/35.json (key "12643", 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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