# STATE BANK
WATERLOO, IL · FDIC certificate 12706 · asset band <$300M · 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 | $295.8M | |
| Deposits | $267.0M | |
| Loans and leases | $206.9M | |
| Total equity | $22.7M | |
| Loans / deposits | 76.65% (p56 of band) | 73.59% |
| Liquid assets / assets | 24.94% (p32 of band) | |
| Uninsured deposits / deposits | 11.46% (p19 of band) | 19.81% |
| Brokered deposits | 0.00% | |
| Wholesale funding | 1.76% (p58 of band) | |
| FHLB advances / assets | 1.76% | |
| Tier 1 leverage | 9.23% (p13 of band) | 11.76% |
| Unrealized securities loss / equity | -26.76% (p16 of band) | -6.57% |
| AOCI / equity | 0.75% (p96 of band) | |
| ROA (annualized) | 0.40% (p15 of band) | 1.17% |
| Net interest margin | 3.31% (p22 of band) | 3.93% |
| Efficiency ratio | 84.93% (p85 of band) | |
| Noncurrent loans | 1.28% (p76 of band) | 0.36% |
| Net charge-offs (annualized) | 0.44% (p97 of band) | |
| Reserve coverage of noncurrent | 85.47% | |
| Real estate % of loans | 90% | |
| Construction % of loans | 107.65% (p95 of band) | |
| Auto loans | $177,000 (0.09% of loans; DQ 3.95%, NCO 0.00%) | |
| Loans to nondepository financials | $0 (0% of equity) (p48 of band) | |
| Deposits YoY | 2.7% | |
| Employees | 54 | |

## Flags firing in the latest filing

- **charge-offs p90** (`aq_nco`)
- **reserve under noncurrent** (`aq_reserve`)
- **construction >100% equity** (`conc_construction`)

## 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 | 1 |  |  |
| 2012-06 | 2 | capital falling |  |
| 2012-09 | 1 |  | capital falling |
| 2012-12 | 1 |  |  |
| 2013-03 | 1 |  |  |
| 2013-06 | 1 |  |  |
| 2013-09 | 2 | charge-offs p90 |  |
| 2013-12 | 2 |  |  |
| 2014-03 | 3 | noncurrent p90 |  |
| 2014-06 | 4 | losing money |  |
| 2014-09 | 5 | capital falling |  |
| 2014-12 | 4 |  | capital falling |
| 2015-03 | 2 |  | charge-offs p90, losing money |
| 2015-06 | 2 |  |  |
| 2015-09 | 3 | capital falling |  |
| 2015-12 | 2 |  | noncurrent p90 |
| 2016-03 | 2 | charge-offs p90 | capital falling |
| 2016-06 | 5 | expense ratio p90, deposits shrinking, uninsured deposits leaving |  |
| 2016-09 | 4 |  | reserve under noncurrent |
| 2016-12 | 3 | reserve under noncurrent | charge-offs p90, deposits shrinking |
| 2017-03 | 1 |  | expense ratio p90, reserve under noncurrent |
| 2017-06 | 0 |  | uninsured deposits leaving |
| 2017-09 | 0 |  |  |
| 2017-12 | 0 |  |  |
| 2018-03 | 2 | capital falling, expense ratio p90 |  |
| 2018-06 | 0 |  | capital falling, expense ratio p90 |
| 2018-09 | 0 |  |  |
| 2018-12 | 0 |  |  |
| 2019-03 | 1 | wholesale funding >15% |  |
| 2019-06 | 2 | capital falling |  |
| 2019-09 | 1 |  | wholesale funding >15% |
| 2019-12 | 1 |  |  |
| 2020-03 | 0 |  | capital falling |
| 2020-06 | 0 |  |  |
| 2020-09 | 1 | capital falling |  |
| 2020-12 | 0 |  | capital falling |
| 2021-03 | 0 |  |  |
| 2021-06 | 1 | capital falling |  |
| 2021-09 | 2 | NIM <2.5% |  |
| 2021-12 | 3 | expense ratio p90 |  |
| 2022-03 | 4 | AOCI drag >20% of equity |  |
| 2022-06 | 7 | securities losses >30% of equity, noncurrent p90, charge-offs p90, reserve under noncurrent | capital falling |
| 2022-09 | 8 | wholesale funding >15%, uninsured deposits leaving | charge-offs p90 |
| 2022-12 | 9 | construction >100% equity |  |
| 2023-03 | 10 | capital falling, deposits shrinking | AOCI drag >20% of equity |
| 2023-06 | 8 |  | capital falling, deposits shrinking |
| 2023-09 | 7 |  | construction >100% equity |
| 2023-12 | 7 |  |  |
| 2024-03 | 8 | assets shrinking |  |
| 2024-06 | 7 | losing money | uninsured deposits leaving, assets shrinking |
| 2024-09 | 7 | charge-offs p90, uninsured deposits leaving | noncurrent p90, reserve under noncurrent |
| 2024-12 | 5 |  | wholesale funding >15%, uninsured deposits leaving |
| 2025-03 | 3 |  | losing money, charge-offs p90 |
| 2025-06 | 2 | assets shrinking | NIM <2.5%, expense ratio p90 |
| 2025-09 | 1 |  | assets shrinking |
| 2025-12 | 2 | noncurrent p90, reserve under noncurrent | securities losses >30% of equity |
| 2026-03 | 5 | expense ratio p90, charge-offs p90, construction >100% equity |  |
| 2026-06 | 3 |  | noncurrent p90, expense ratio p90 |

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

- 2026-09-04 [Land of Lincoln Credit Union acquires Williamsville State Bank & Trust - The State Journal-Register](https://news.google.com/rss/articles/CBMiygFBVV95cUxOWUJBcjFHMEtXR3BiamdlcTlPVnV0U0ViMDBMemJNNk55RU5kbXFBVHVuSFhIdVI2TmJNZXlabWlCVFVJS3IwQ3BORFFKRS1aNDRXalR3SE5SdTJOR2YybEZEZlpkQkt5V3pQTHk5UzZyTzNzU2NIamtsY2JEQm05dkRqb05PQkhka2d1WEhneUNaM29vRFFjQjVYVmlYYlBWZ3NESk9uUHd3RXN1a1A5TXhtWTJKNG5FTGRZRm5abC1kdzNYWDBzTXN3?oc=5) · The State Journal-Register
- 2026-08-11 [Illinois’ HBT to buy in-state Tri-County Financial for $204.6M - Banking Dive](https://news.google.com/rss/articles/CBMiqAFBVV95cUxPcGU1TWVsWXNOZEx1bGVvMGo1Z1NOaktDX2dnSXhDQlNsS1lqb05KMHZ6SktmbDBhR1NnRUt0clVsMEZTRFBjSUtuOUdsQ1p4VEYwT2J5RjY4ODRObU5zTDNKUDgzTlF2X0ZTbjdxQjdOUktvWnVUWUltenVkSHhvcDNDaWpTZzFMZUhfN21RMmR0cEV2aDRmb1pnTTNmSEV5RHp2Z1RhcG4?oc=5) · Banking Dive
- 2026-05-12 [Prairie State Bank & Trust opens Quincy branch - Muddy River News](https://news.google.com/rss/articles/CBMinwFBVV95cUxOLXZqOWhKd2RLMnJEa0o4QTY4WG5VdDF4TS1YbTVvSlZrT2NQUUpFdzFLOTc3VzBRQTJ2ZXB4Q2xuVHNobGlmaWtNNUUxUlRxbXVyNnhHaS04c3BMZ2hqdTFVQmZpcER1VV9pSDc4UXMzOUY2WEZDY281ZlM4aGxOUHlGMjd3bExXdnRaMjlUTUhVNHRieVhyNzNqV1hCZGM?oc=5) · Muddy River News
- 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
- 2026-03-04 [Bradford National Bank, State Bank of St. Jacob, announce merger - Illinois Business Journal](https://news.google.com/rss/articles/CBMioAFBVV95cUxPTzZTb0ZKSUMtM0JpaHlIdkNOakljOG1MczdZSG02YUJxN1ZOZlRNbFpjQWFUNjJLRjJTMUZfLTJ5S0lBQTRyWWdlN3hpcjlsUlhGUGdXUlJWeGw4N3VhQWphQnUwc3dQcUV0M2lyYXpIU1FlNVpaVmtva25EQXJSVFlZeDFBWmlLc0VVelVYdGRVdm9RbmZ0XzJ0XzV0dmt6?oc=5) · Illinois Business Journal
- 2026-07-31 [Fed Enforces Action on Iuka Bancshares, Iuka State Bank - Mirage News](https://news.google.com/rss/articles/CBMihgFBVV95cUxPbHpZRGJXNWxjMG5TdWRQTkpOLV9vbUxiR1pBUi1QMktteWxWb1ZUeVp1S05GX2RPVFhMaFluQWhjSEJfMV9fcTllUmFsYk1oWWtXQzlWSHdwR2lwN3pJUVpmdUFGTWtxZFhEaEZsZUw1ZHNqRVV4YURfVkpIMDd2TVU0UEdjdw?oc=5) · Mirage News
- 2026-06-10 [Farmers State Bank named among top five best places to work in Illinois - Jacksonville Journal-Courier](https://news.google.com/rss/articles/CBMiowFBVV95cUxQNmRFUjBQZGRkMUNVa3BfNnUtLUNzWVU1UnhzNlFjQUpScnFtbFg4ekw4dFZrQlJLRFZ1NTVDdGdxXzBfSndaUTkyTHJaSFdSSnBsYmVxMHFXS3hhYTFtRHpLQXYxTGliVTJpeEVRUW56TWdIR2VqS01iOGlOVUNHRnVUUFZRR1JTNlVONkk2Q3g4cnZJRzY3ejNxbXJkTDh2TWdV?oc=5) · Jacksonville Journal-Courier
- 2025-12-30 [Bradford Bancorp to acquire State Bank of St. Jacob for $14M in deal approved by Federal Reserve - The Business Journals](https://news.google.com/rss/articles/CBMiqAFBVV95cUxOaWtBanpublZHMV9lZFlpb1U3LS1oeDMxcW5qbzZlNFFESm9YTXdTLWdFbmpWa1RjXzROQXgxWlpYY3BfWVFfalUyOXd0ZWpQeGJPZkIxbEt2bURzZXZ1cC01V3VkVWZ1QjZic3dKTU5EXzQ0bVVVUXhVUmtteFF3UUs5MF92djFCazVRaFdpTWpIWmQ1UVlKbXkwT2Utd0hkaXRneXRtb0Y?oc=5) · The Business Journals

## How to verify

- Page: https://getbookiq.com/bank-desk/#bank=12706 (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/34.json (key "12706", 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