# ALGONQUIN STATE BANK
ALGONQUIN, IL · FDIC certificate 13080 · asset band <$300M · latest filing 2024-06 · stopped filing (departed)

**Verdict on the desk:** this could be *run candidate*. Composite score 1 (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 | $143.7M | |
| Deposits | $132.7M | |
| Loans and leases | $77.2M | |
| Total equity | $10.7M | |
| Loans / deposits | 57.71% (p29 of band) | 71.75% |
| Liquid assets / assets | 41.17% (p64 of band) | |
| Uninsured deposits / deposits | 24.20% (p68 of band) | 18.89% |
| Brokered deposits | 0.00% | |
| Wholesale funding | 0.00% (p18 of band) | |
| FHLB advances / assets | 0.00% | |
| Tier 1 leverage | 13.07% (p66 of band) | 11.46% |
| Unrealized securities loss / equity | -82.06% (p8 of band) | -15.99% |
| AOCI / equity | 1.55% (p93 of band) | |
| ROA (annualized) | 0.73% (p40 of band) | 0.90% |
| Net interest margin | 3.56% (p51 of band) | 3.52% |
| Efficiency ratio | 80.26% (p70 of band) | |
| Noncurrent loans | 0.08% (p35 of band) | 0.26% |
| Net charge-offs (annualized) | 0.00% (p41 of band) | |
| Reserve coverage of noncurrent | 933.33% | |
| Real estate % of loans | 53% | |
| Construction % of loans | 10.02% (p36 of band) | |
| Auto loans | $21,000 (0.03% of loans; DQ 0.00%, NCO 0.00%) | |
| Loans to nondepository financials | $0 (0% of equity) (p48 of band) | |
| Deposits YoY | 1.3% | |
| Employees | 24 | |

## Flags firing in the latest filing

- **securities losses >30% of equity** (`cap_secloss`)

## Warning timeline

| Quarter | Score | Flags that first fired | Flags that cleared |
|---|---|---|---|
| 2011-03 | 1 | reserve under noncurrent |  |
| 2011-06 | 1 |  |  |
| 2011-09 | 2 | capital falling |  |
| 2011-12 | 2 |  |  |
| 2012-03 | 1 |  | reserve under noncurrent |
| 2012-06 | 4 | expense ratio p90, noncurrent p90, reserve under noncurrent |  |
| 2012-09 | 3 |  | capital falling |
| 2012-12 | 3 |  |  |
| 2013-03 | 3 |  |  |
| 2013-06 | 4 | AOCI drag >20% of equity |  |
| 2013-09 | 5 | assets shrinking |  |
| 2013-12 | 8 | losing money, charge-offs p90, deposits shrinking |  |
| 2014-03 | 7 | uninsured deposits leaving | AOCI drag >20% of equity, charge-offs p90 |
| 2014-06 | 6 |  | losing money |
| 2014-09 | 7 | losing money, charge-offs p90 | assets shrinking |
| 2014-12 | 8 | capital falling |  |
| 2015-03 | 6 |  | charge-offs p90, capital falling |
| 2015-06 | 4 |  | deposits shrinking, uninsured deposits leaving |
| 2015-09 | 4 | capital falling | noncurrent p90 |
| 2015-12 | 4 |  |  |
| 2016-03 | 2 |  | losing money, capital falling |
| 2016-06 | 2 |  |  |
| 2016-09 | 4 | capital falling, noncurrent p90 |  |
| 2016-12 | 2 |  | capital falling, noncurrent p90 |
| 2017-03 | 4 | losing money, NIM <2.5% |  |
| 2017-06 | 4 | capital falling, loans-to-lenders >50% equity | reserve under noncurrent, NIM <2.5% |
| 2017-09 | 3 |  | capital falling |
| 2017-12 | 2 |  | losing money |
| 2018-03 | 1 |  | expense ratio p90 |
| 2018-06 | 2 | capital falling |  |
| 2018-09 | 3 | expense ratio p90 |  |
| 2018-12 | 2 |  | capital falling |
| 2019-03 | 3 | uninsured deposits leaving |  |
| 2019-06 | 2 | assets shrinking | expense ratio p90, uninsured deposits leaving |
| 2019-09 | 3 | deposits shrinking |  |
| 2019-12 | 4 | expense ratio p90 |  |
| 2020-03 | 5 | reserve under noncurrent |  |
| 2020-06 | 1 |  | assets shrinking, deposits shrinking, expense ratio p90, reserve under noncurrent |
| 2020-09 | 2 | capital falling |  |
| 2020-12 | 1 |  | capital falling |
| 2021-03 | 0 |  | loans-to-lenders >50% equity |
| 2021-06 | 0 |  |  |
| 2021-09 | 0 |  |  |
| 2021-12 | 0 |  |  |
| 2022-03 | 2 | AOCI drag >20% of equity, securities losses >30% of equity |  |
| 2022-06 | 3 | reserve under noncurrent |  |
| 2022-09 | 3 | capital falling | reserve under noncurrent |
| 2022-12 | 3 | assets shrinking | capital falling |
| 2023-03 | 3 | deposits shrinking | AOCI drag >20% of equity |
| 2023-06 | 3 |  |  |
| 2023-09 | 3 |  |  |
| 2023-12 | 4 | uninsured deposits leaving |  |
| 2024-03 | 3 |  | uninsured deposits leaving |
| 2024-06 | 1 |  | assets shrinking, deposits shrinking |

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

- 2023-08-31 [Michigan State University Federal Credit Union Announces Agreement to Acquire Algonquin State Bank - Business Wire](https://news.google.com/rss/articles/CBMi6wFBVV95cUxNYXBOVm05a2tCUnFFZklMT01GN20xdEZaQjRJVl9EaEd6YmtnMGRveHgtNXlwcHZBV0pTV00zWUNoVUc2N1F5dzdPTnc2cFBIOFJ2U3NzNS1IblFLdkFReWN3QTVacmJlNXFrMnRFTTFvZWRFZmVBdkJyalJpREMyVFJiOWhhSTJOQTU2UlZqbERpV2dzQjFzbjE5YUlVU1E3RWFjMFVSUUtlaU1NbjRLanR1ZnlMWWtad3FJb01MMGVPeEhQZERIMUw4Q0JycDRRZHctRDduX3hjNDdYX3l1TUxVMEI3clJzWm9F?oc=5) · Business Wire
- 2023-11-12 [Algonquin State Bank to be acquired by Michigan State University Federal Credit Union - Shaw Local](https://news.google.com/rss/articles/CBMi1wFBVV95cUxPRHNuUGU3UjZQUVB4cTNGbnNVSmpKSlRfcktqWWRLb1BUUXZ1RDhBWXNaQU9uSG12ejE2eU9NT2prU2hXVk84d1dhM2ZXbEtXS1lXalRmUlQ2YmVjUDI3WlpIZHhCY0d0NjZGS2wyZ3k3MGVobkVzb0NfNGdjQ1dSVkRwX2VNMEpMNDlaY1duQW9TbVAtcmd1UXpuR05tV2g0aEYzbm12R2k0dGF2SEJrVWtiZk5IZFRmQlRfeXRmVk5mQVl4TVFrQmYza05rMURfcmUtZXppOA?oc=5) · Shaw Local
- 2023-09-01 [Alabama, Michigan credit unions buy banks in torrid M&A week - Banking Dive](https://news.google.com/rss/articles/CBMivwFBVV95cUxOSVFHM2NLd1dZc25jS0hGNFBJYV9MQ3FrbFZ5VUo2WGdaQXdaendyQVl2YzNYMXZfUkhHUVpYTzlvT1Bib3FPQlJMdG9feEJ0ZGwtMkExZ1hQSk44bXNqZEkzUzNpZjJaSVJRdFhCQlpCMWk3QzdjZkUtY2VNeExjN0hiemM2V0Y3UVZ5Ul9QaWNTLUNlby00bjBQTUdsX252dVRlUmNtMUg4VTBtRjJvUzhiUkg4OWMwZnF0VW11RQ?oc=5) · Banking Dive
- 2024-10-09 [Developers Sought To Bring New Business To Old Bank | Algonquin - Patch](https://news.google.com/rss/articles/CBMiigFBVV95cUxOZElBVU5kRDdXZU96c0hWVHFUckpnSy01dlpQdXBzNDFwT2FoU0R5eFVlcXRGX1p3VExDYW1vVEZDTXNoVHVCOU1Qd0hKQUZxa3AxMFZNOWpfUkZJSWJtLUtFOElFbVBVWDlGRFZxZkptNjhtTHpfZVpYZmFlMkZZcXhNT1R2SzNMZUE?oc=5) · Patch
- 2023-12-28 [Shaky economy slowed credit union-bank deals in 2023 - American Banker](https://news.google.com/rss/articles/CBMiowFBVV95cUxNTjVfS01SN213NXlGNlczd0JXYUFldDlTMkx3cTFKOTZYZDZabk5wenoyRmZJT0pva0VqUTUtNDExVGRDWTZyVEtTd3BKSXJ1dWNhbnl2N2xHZEVQb3Z5azF2SjFfU2cwNHNsRE9jcnNmTEJYWFo2S1J1RVpXQXZNNXcwcU1NVDJoUGRPdlNLbDl1a2dsNTNqSGJEdmxrMmhueERJ?oc=5) · American Banker
- 2024-10-10 [Algonquin aims to redevelop ‘cornerstone’ of $30 million Main Street transformation - Shaw Local](https://news.google.com/rss/articles/CBMi0AFBVV95cUxPSTlxYUtTOG54a2phczYxQTFpNTMwTENxYWFYS3J5MUpsT2xYZ2xrYmZTRnFfV0tYbmVrZW1yejhmX1dLc0JhemVKUkE3QTBRZVZWYkxqcHVIMTZaODFoZE52WnZVc2lJS0dBbTJhaDZ5VnRscE52WXBpdjd0T1BwYWE1V0VlTTh1UGk3aVhfbDduU19OdEdUVEV3d0dRSGdFNWxiY0x1S3lKNHlVcUJid05JcWtrRVM2MTBOc01WZ2JVZDJ6aEtzYVdVVERkWlRt?oc=5) · Shaw Local
- 2025-10-29 [George Lazansky Obituary (1932 - 2025) - Algonquin, IL - Northwest Herald - legacy.com](https://news.google.com/rss/articles/CBMikAFBVV95cUxQRWR5ZVE3YmdWYTZON2VDbUNoSWFUbWNKeXFSMkpHUE9MMWVQSE9udHdHTE9vT3FkazFFZE1xNy1YUzMxYTk2NHotZms4QVJVem5PNmNmMUhXVlVFYmt4TjlWazhmV1lSOEJ1V0l4SDFJY2ZmbVNCNWg5RGtjQWVlUGlXX0JPRG5HZENSN3Zrckg?oc=5) · legacy.com
- 2020-11-22 [David Scott Wherry Obituary - Pekin, IL - Dignity Memorial](https://news.google.com/rss/articles/CBMihAFBVV95cUxON2h6LWRYM1I0NVJubEtHajJvVjBYMEpobkZfYnVkWWxJVGNoZmFmeXdMTDRWb2l1a0RYbzRQVWV1SDg4ajl0cUlpTkg0VUF5dmJTOG5UVlhRTmpnYmRibmpQekF2ZDQ0amtoeENEMS1nTHpBbV9mdjlFbDIxcnliM3A1NGI?oc=5) · Dignity Memorial

## How to verify

- Page: https://getbookiq.com/bank-desk/#bank=13080 (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/24.json (key "13080", 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