# PEOPLES STATE BANK
WESTHOPE, ND · FDIC certificate 13196 · asset band <$300M · latest filing 2026-06 · live

**Verdict on the desk:** this could be *liquidity-rich*. 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 | $69.9M | |
| Deposits | $60.7M | |
| Loans and leases | $39.7M | |
| Total equity | $9.1M | |
| Loans / deposits | 64.51% (p37 of band) | 73.59% |
| Liquid assets / assets | 42.07% (p67 of band) | |
| Uninsured deposits / deposits | 31.23% (p84 of band) | 19.81% |
| Brokered deposits | 0.00% | |
| Wholesale funding | 0.00% (p23 of band) | |
| FHLB advances / assets | 0.00% | |
| Tier 1 leverage | 13.52% (p67 of band) | 11.76% |
| Unrealized securities loss / equity | -8.60% (p44 of band) | -6.57% |
| AOCI / equity | -0.66% (p38 of band) | |
| ROA (annualized) | 1.39% (p62 of band) | 1.17% |
| Net interest margin | 3.77% (p41 of band) | 3.93% |
| Efficiency ratio | 63.65% (p44 of band) | |
| Noncurrent loans | 0.00% (p12 of band) | 0.36% |
| Net charge-offs (annualized) | 0.00% (p38 of band) | |
| Reserve coverage of noncurrent | – | |
| Real estate % of loans | 50% | |
| Construction % of loans | 0.00% (p9 of band) | |
| Auto loans | $465,000 (1.17% of loans; DQ 0.00%, NCO 0.00%) | |
| Loans to nondepository financials | $0 (0% of equity) (p48 of band) | |
| Deposits YoY | -1.7% | |
| Employees | 14 | |

## Flags firing in the latest filing

- none

## Warning timeline

| Quarter | Score | Flags that first fired | Flags that cleared |
|---|---|---|---|
| 2011-03 | 0 |  |  |
| 2011-06 | 0 |  |  |
| 2011-09 | 0 |  |  |
| 2011-12 | 0 |  |  |
| 2012-03 | 1 | NIM <2.5% |  |
| 2012-06 | 2 | uninsured deposits leaving |  |
| 2012-09 | 3 | deposits shrinking, assets shrinking | NIM <2.5% |
| 2012-12 | 2 |  | uninsured deposits leaving |
| 2013-03 | 1 | capital falling | deposits shrinking, assets shrinking |
| 2013-06 | 0 |  | capital falling |
| 2013-09 | 0 |  |  |
| 2013-12 | 1 | uninsured deposits leaving |  |
| 2014-03 | 2 | capital falling |  |
| 2014-06 | 0 |  | uninsured deposits leaving, capital falling |
| 2014-09 | 0 |  |  |
| 2014-12 | 0 |  |  |
| 2015-03 | 0 |  |  |
| 2015-06 | 0 |  |  |
| 2015-09 | 0 |  |  |
| 2015-12 | 2 | deposits shrinking, assets shrinking |  |
| 2016-03 | 3 | uninsured deposits leaving |  |
| 2016-06 | 3 |  |  |
| 2016-09 | 2 |  | uninsured deposits leaving |
| 2016-12 | 3 | uninsured deposits leaving |  |
| 2017-03 | 3 |  |  |
| 2017-06 | 3 |  |  |
| 2017-09 | 2 |  | deposits shrinking |
| 2017-12 | 0 |  | assets shrinking, uninsured deposits leaving |
| 2018-03 | 1 | capital falling |  |
| 2018-06 | 1 |  |  |
| 2018-09 | 0 |  | capital falling |
| 2018-12 | 0 |  |  |
| 2019-03 | 0 |  |  |
| 2019-06 | 2 | deposits shrinking, assets shrinking |  |
| 2019-09 | 1 |  | assets shrinking |
| 2019-12 | 2 | assets shrinking |  |
| 2020-03 | 2 |  |  |
| 2020-06 | 1 | capital falling | deposits shrinking, assets shrinking |
| 2020-09 | 1 |  |  |
| 2020-12 | 1 |  |  |
| 2021-03 | 1 |  |  |
| 2021-06 | 0 |  | capital falling |
| 2021-09 | 0 |  |  |
| 2021-12 | 0 |  |  |
| 2022-03 | 2 | capital falling, NIM <2.5% |  |
| 2022-06 | 3 | AOCI drag >20% of equity, securities losses >30% of equity | capital falling |
| 2022-09 | 3 |  |  |
| 2022-12 | 4 | capital falling |  |
| 2023-03 | 2 |  | NIM <2.5%, AOCI drag >20% of equity |
| 2023-06 | 2 | deposits shrinking | capital falling |
| 2023-09 | 2 |  |  |
| 2023-12 | 1 |  | securities losses >30% of equity |
| 2024-03 | 3 | assets shrinking, uninsured deposits leaving |  |
| 2024-06 | 0 |  | deposits shrinking, assets shrinking, uninsured deposits leaving |
| 2024-09 | 2 | assets shrinking, uninsured deposits leaving |  |
| 2024-12 | 2 |  |  |
| 2025-03 | 1 |  | assets shrinking |
| 2025-06 | 0 |  | uninsured deposits leaving |
| 2025-09 | 0 |  |  |
| 2025-12 | 0 |  |  |
| 2026-03 | 0 |  |  |
| 2026-06 | 0 |  |  |

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

- 2026-09-09 [Peoples State Bank and Bank First Corp. intend to merge in 2026 - Wausau Daily Herald](https://news.google.com/rss/articles/CBMiywFBVV95cUxPUEJDOFZUME12bGtreWNlOVVCNlJudzltZmV6U2Y3ZkJJWnh4ZlhFWXd5UXU0U1J6MnVKcEtQdHZjRjMwS1E1ajFjd3BwcVVPN2YxYUFVWE93bkJpaEVRUnp2aHB1ZHg0bU9BMGNJNjVJU2lXZG1hQlVwSFpmT0NBdF9Mb3lMRHEtelFfOEUtWUNlTndTUjU3QmR5b1ZjU05EWGNZeFpTZnRVcGFqZ3JJYTVwd2tERFpBelc0OTdRVEFkbXN2QlgtYkRqdw?oc=5) · Wausau Daily Herald
- 2026-09-08 [Peoples State Bank locations to transition to Bank First in December - WSAW](https://news.google.com/rss/articles/CBMilwFBVV95cUxOVmtxV25aVnVWQ00wcEJaWFlYRUNqVFdDZ2hsdFFyZzVKa2xOSDNWU2RJMjdIME91MW0tbThkV3RGUzBZNlB2NnVuZ0g1dnNSRUJEU2dtTms5Um9yT25kUGwxZkduRHJIdy1SNXc5VDIxMEFuSkxvOF9ta2xPbFJIRWhINVhDcDYyN0hOQXBDdWwyYkhDZkFz0gGrAUFVX3lxTFBuR05xaDE3UjZNNGNZWk45Tk1qTms2dHUyYm1MNzFZa19ENy1PZm9NQ1Nzdjd2SEEzeUtZVG15RG9LNzNmSGFiYVVudWIzbW9odFMwYTdBN2dPeEp1UXhkQzNwZFU2Zi1sRzBhT19Kd1pyMjdUTl9uSi14TlhlZk9ELUE2WTlpQlAxZ0dJSC1CR3ZRRHFhY2RDVFBlbW5IZWhqeDQ3WGFjVHZKUQ?oc=5) · WSAW
- 2026-09-09 [Bank First Officially Merges With Peoples State Bank - Seehafer News](https://news.google.com/rss/articles/CBMimAFBVV95cUxQMVBNQWhrOXljUllzVUZJaTB0VVFuOXZId3kxRkdUX0tiaW12WW1IVDZLODRZQ2Q3Tlo0VXVHM0NjNG9MOTM4c0hTbmxEU1J2eV9tcmc4VHcxYjdGRWNhVk1nNGVqR2FfRUc3R0drMnVmODgxNkxENVNfWjc1THNaaTlfX0s5N3NpNG1PemNlY1NsamVFdnJ2eA?oc=5) · Seehafer News
- 2026-09-09 [Peoples State Bank and Bank First Corp. intend to merge in 2026 - Chippewa Herald](https://news.google.com/rss/articles/CBMiogFBVV95cUxQWTh1OWF1clR6cV9JWng4Rk9wbUlmeTdwb0FVWktHa1plV1JTQTJvNTdEM3V5UllWSGdxVkZpbm44MUZrNHBDYjdXZzNiT3pla1dZemxHS09Ib29NS01WRUNFa3BQbkFXdGpJYmZERHpSdnp4RDQ1RkQ3Z292bW9xUko1SlhBLVYxcTV6VWFsN2VkQkx4SThSU2RnTEE3bEZNMkE?oc=5) · Chippewa Herald
- 2026-05-20 [Bank First Corp. signs agreement to acquire Peoples State Bank’s parent company - Wausau Pilot & Review](https://news.google.com/rss/articles/CBMivwFBVV95cUxOeHRXOFp2TlJYUDVta0dCa3BKLXI3VFlVM1FRaGJvYTdWczVFZ1FkQklHTUdLaDgySW5IZkJaZ2QzRkUyUTdjeTZpMm80cjJlVzBkVHhTNzZJd0NDTVFYVFFDZERNM0tmWE0yc1VvN0RpV0s4VXgyR1YtRHQwZll0UkxtVFlYV2liYVBlaEFmeFoxeU5LcDROMU80cmw0RmNyVGxHSXdiOFlDTHctU253NUNPd1BFOXUtckk2UHd1MA?oc=5) · Wausau Pilot &amp; Review
- 2026-05-19 [Bank First Corporation Signs Agreement to Acquire PSB Holdings, Inc. - PR Newswire](https://news.google.com/rss/articles/CBMivwFBVV95cUxOeG1jR1dOeXozZUNVc21Bcm1IaEZYTnBRZVEwTDExMklwZGxvRDNLUlhiUURrOUFQRGdXU0JzdEJmLUIydS1kOTJUTWM2amxEUFRXcnFvM0h3UTBCaHhJV0VzcjFkOGpUcUxEUy1OR3hxN1JjZnFMeE5jTkJfSFJjc1NFV3R1bElxbzNXNDFRWHRfcjJMOUNYcU5tUjhvOWVvQkhvMG00N3hKMlB6YXhLbU9Ba0RUbVJRZEdwMTVFZw?oc=5) · PR Newswire
- 2026-05-22 [Bank First to acquire Peoples State Bank in $202.9 million deal - Herald Times Reporter](https://news.google.com/rss/articles/CBMitwFBVV95cUxNdmljNVd0dnRSY1FvMV9fUExpd05EbkZkTjlwVFVzYUFXY2wxc1hlZVlhUmozRmRtRTlTTkk4Nzh2cUE4Wkh1VGVQS29fcUwzMngtVzRfNnY1MGVKQUZXSVd3VTJwVDVZOHJmZjNkRWxGYTJqc3ZCaHZOZmhXY0xTdGl2Q2dhcjRWVzZ3UUE1Z0VmUG9mLWc4VDBiRE55dm5QUGF4Ni1IaDRyMlFGVy1fNzNwT21QWW8?oc=5) · Herald Times Reporter
- 2026-05-27 [Bank First eyes Waukesha County market with $202.9M acquisition pending - The Business Journals](https://news.google.com/rss/articles/CBMioAFBVV95cUxQbG1oRy1ibEpVVGxmbFk0cU4xU3NZM0t6TWV3eTdYYk9kZ2VsejNydTRYYUVTN0JWbE42WnhNcWFUejgwaTlPU21SaC1LbXd6Y192RnFHVWRkV1BWWXI2SzZ2YjBka1Zha29mU2ZMc3ltMGdmV0RDVlV0X2M1N085RFNhZlVVZmktSjdRcC1CTnU3eFQ3d242a05ob1lvM1Zz?oc=5) · The Business Journals

## How to verify

- Page: https://getbookiq.com/bank-desk/#bank=13196 (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/12.json (key "13196", 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.

---
Rendered 2026-09-10 from the desks' own data files. Full guide: https://getbookiq.com/guide