# STATE BANK
SPIRIT LAKE, IA · FDIC certificate 13715 · asset band <$300M · latest filing 2026-06 · live

**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 | $88.4M | |
| Deposits | $80.3M | |
| Loans and leases | $43.1M | |
| Total equity | $7.7M | |
| Loans / deposits | 52.08% (p21 of band) | 73.59% |
| Liquid assets / assets | 49.37% (p77 of band) | |
| Uninsured deposits / deposits | 15.36% (p33 of band) | 19.81% |
| Brokered deposits | 0.00% | |
| Wholesale funding | 0.00% (p23 of band) | |
| FHLB advances / assets | 0.00% | |
| Tier 1 leverage | 11.73% (p50 of band) | 11.76% |
| Unrealized securities loss / equity | -41.34% (p9 of band) | -6.57% |
| AOCI / equity | -1.47% (p19 of band) | |
| ROA (annualized) | 1.18% (p50 of band) | 1.17% |
| Net interest margin | 2.85% (p9 of band) | 3.93% |
| Efficiency ratio | 58.55% (p32 of band) | |
| Noncurrent loans | 0.00% (p12 of band) | 0.36% |
| Net charge-offs (annualized) | 0.03% (p75 of band) | |
| Reserve coverage of noncurrent | – | |
| Real estate % of loans | 79% | |
| Construction % of loans | 53.47% (p81 of band) | |
| Auto loans | $511,000 (1.19% of loans; DQ 0.00%, NCO 0.02%) | |
| Loans to nondepository financials | $326,000 (4% of equity) (p97 of band) | |
| Deposits YoY | 1.4% | |
| Employees | 11 | |

## 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 | 0 |  |  |
| 2011-06 | 0 |  |  |
| 2011-09 | 0 |  |  |
| 2011-12 | 1 | capital falling |  |
| 2012-03 | 0 |  | capital falling |
| 2012-06 | 0 |  |  |
| 2012-09 | 1 | charge-offs p90 |  |
| 2012-12 | 1 |  |  |
| 2013-03 | 2 | capital falling |  |
| 2013-06 | 1 | AOCI drag >20% of equity | charge-offs p90, capital falling |
| 2013-09 | 2 | charge-offs p90 |  |
| 2013-12 | 1 |  | charge-offs p90 |
| 2014-03 | 0 |  | AOCI drag >20% of equity |
| 2014-06 | 0 |  |  |
| 2014-09 | 2 | deposits shrinking, uninsured deposits leaving |  |
| 2014-12 | 0 |  | deposits shrinking, uninsured deposits leaving |
| 2015-03 | 2 | deposits shrinking, uninsured deposits leaving |  |
| 2015-06 | 2 |  |  |
| 2015-09 | 1 | charge-offs p90 | deposits shrinking, uninsured deposits leaving |
| 2015-12 | 1 |  |  |
| 2016-03 | 1 |  |  |
| 2016-06 | 0 |  | charge-offs p90 |
| 2016-09 | 1 | uninsured deposits leaving |  |
| 2016-12 | 2 | deposits shrinking |  |
| 2017-03 | 1 |  | deposits shrinking |
| 2017-06 | 1 |  |  |
| 2017-09 | 1 | charge-offs p90 | uninsured deposits leaving |
| 2017-12 | 2 | capital falling |  |
| 2018-03 | 1 |  | capital falling |
| 2018-06 | 2 | reserve under noncurrent |  |
| 2018-09 | 1 |  | reserve under noncurrent |
| 2018-12 | 1 |  |  |
| 2019-03 | 2 | noncurrent p90, reserve under noncurrent | charge-offs p90 |
| 2019-06 | 3 | charge-offs p90 |  |
| 2019-09 | 4 | deposits shrinking |  |
| 2019-12 | 5 | assets shrinking |  |
| 2020-03 | 5 | uninsured deposits leaving | charge-offs p90 |
| 2020-06 | 2 |  | deposits shrinking, assets shrinking, uninsured deposits leaving |
| 2020-09 | 4 | capital falling, charge-offs p90 |  |
| 2020-12 | 4 |  |  |
| 2021-03 | 4 | NIM <2.5% | charge-offs p90 |
| 2021-06 | 4 |  |  |
| 2021-09 | 3 |  | capital falling |
| 2021-12 | 2 |  | NIM <2.5% |
| 2022-03 | 6 | capital falling, AOCI drag >20% of equity, securities losses >30% of equity, NIM <2.5% |  |
| 2022-06 | 6 | charge-offs p90 | capital falling |
| 2022-09 | 6 | construction >100% equity | charge-offs p90 |
| 2022-12 | 4 |  | NIM <2.5%, construction >100% equity |
| 2023-03 | 3 |  | AOCI drag >20% of equity |
| 2023-06 | 1 |  | noncurrent p90, reserve under noncurrent |
| 2023-09 | 3 | AOCI drag >20% of equity, construction >100% equity |  |
| 2023-12 | 1 |  | AOCI drag >20% of equity, construction >100% equity |
| 2024-03 | 3 | NIM <2.5%, uninsured deposits leaving |  |
| 2024-06 | 1 |  | NIM <2.5%, uninsured deposits leaving |
| 2024-09 | 2 | uninsured deposits leaving |  |
| 2024-12 | 1 |  | uninsured deposits leaving |
| 2025-03 | 2 | NIM <2.5% |  |
| 2025-06 | 1 |  | NIM <2.5% |
| 2025-09 | 3 | capital falling, charge-offs p90 |  |
| 2025-12 | 2 |  | charge-offs p90 |
| 2026-03 | 1 |  | capital falling |
| 2026-06 | 1 |  |  |

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

- 2026-09-01 [NBA player Harrison Barnes invests $25 million to become owner of Iowa community bank - Yahoo Sports](https://news.google.com/rss/articles/CBMiiwFBVV95cUxOUmg3SktucHZCcjJlZU42NV9fNFBHam5tQWQ2YVVxelFaUjBsZVMxTlJmWDh0UlUyeC16TUE3ay14REI5RFhGU1U2ejdGcFhyMkVzNThQekNFVXd0aHo5d044aFBMSkJmdzFNR0R6N0ZsRXpxbUxvYzFyN253THpMQ0lMVWNDdEM1aGln?oc=5) · Yahoo Sports
- 2026-08-27 [Harrison Barnes Stops By His Newly Purchased Community State Bank in Paton on Wednesday - raccoonvalleyradio.com](https://news.google.com/rss/articles/CBMizwFBVV95cUxNYlFjeGFPUWFtWWd2MDVXX05reU1wQzJ5eFlEcUh5UUxXRUN3QUlZNEdIUTlEd2dqQ0RBM0RNeF9HV1EwTmthZm9pUndjX0xYMVg0ZVo2SjdZWllfTTZUdTJDcy1pajFIODBPc2l1V09hQlhxRVVUaWhXbk51M3BwY0l0aGZLYzFDbzVTTlMzNUZ4OUhkQ3ZELXZXVlBCOWJrNy1sakdjZjQtQWJnY0xNdTNrZkR3czdmTHhHR1JsbHBKZDNvanNPcUZCbTdGNzQ?oc=5) · raccoonvalleyradio.com
- 2026-09-01 [Why San Antonio Spurs forward Harrison Barnes bought an Iowa bank - San Antonio Express-News](https://news.google.com/rss/articles/CBMirwFBVV95cUxOeWRHaUl5YmhxLVNRMHhNNFJCLVBZdG0yU0V0TzJqdEc5ZzhjQmE0LXVNOGh4TXVjVnZNWHhPRzBnZFpQOGJlM1VJWUt5T1lQblFKdDdzOVRUaWl6ZjluUDBzemZQRXl4N3N1am9kd2tQSG1KamljeVZJMF9IaWZWSU9wbkZ3Y0lKU0ZNemhZSmM1S214ZGJxd0h4MXJxVEcwdHNQbkRXeGVmM0xsaTBB?oc=5) · San Antonio Express-News
- 2026-07-15 [First look at Iowa Falls State Bank's facelift - Times-Citizen Communications](https://news.google.com/rss/articles/CBMiyAFBVV95cUxPd0FYeXdfMGdHREdLdXBscmlPeHY4WGxJQ0FWd2RIV1RGVi1STUpEamllRFAtUFZQTzBzZ0RKakh4d3JZZTdQT1g1am1keVA5QjlNTzAwODNfOG1VcnNCb3NHSUxXWlpJd1pGeEdTYkJYN24zTzZUS1l0SGNDWl9XOU9udHlGb3F3bzY5SmdxbHhUMThvVWxlYjdKS1VWazMwNEFvNU9WLVRyd0N6XzE1ejlmdlNrVnZlMEYxbUE2ZWpFeFI4bTFUUg?oc=5) · Times-Citizen Communications
- 2026-04-10 [New route for American State Bank customers | Sioux Center News - The N'West Iowa REVIEW](https://news.google.com/rss/articles/CBMixAFBVV95cUxQWHZrRW5zbFRMZHpsTlAwVE5pOG1wOFkwcXFQN180djRZc1pRM2J1UmhSdm5RUU5Ub19tM0ZUTm9Hdi01VTdwbUhjeXpsRlJBajdMU3RibVRaVjMtb09kVGpsbW1GNFpiQmdXU2QxWTI3b0VZdThDcUd1Q3FJQVBPUUVHcjRWU0VpVk1RSXd4bGY5UDYtc051YUQtV1FVa0VzeVZpRjdOQ2QtaFlUdlVpc2NlZ0xSWFlfcUxhSDJYMjBUdDM1?oc=5) · The N'West Iowa REVIEW
- 2026-08-27 [JPMorgan Chase & Co. $JPM Shares Sold by Iowa State Bank - MarketBeat](https://news.google.com/rss/articles/CBMiswFBVV95cUxQSTY2QmROOUYycF8xeWRyYWRzcHJpbU9CRjV3ZTMwbGRxSk53MlhJU0VxNnBkbnNvY0dubUdnSEsyU0FObUp4bjdCb2VHa3ZyS29VTGhqWW1ucUJ3WjRaV3ZBM2x3RmtHZnptWS1OUEVPNGZ0WDBacENuaUkwR3VBb1RSZ3JHX1dYb3UwcVlpTjJhekowYTZ5dVZzUWtPOUhyZGo4cHJKRWNQencyeTczNmUwcw?oc=5) · MarketBeat
- 2026-04-08 [First Central State Bank to host shred days - KWQC](https://news.google.com/rss/articles/CBMifkFVX3lxTFBKdzJCcUxPbG5CNmI0MWxiYUFrZXE1LWVpWUxaZGdkUFVYeGJYVVJvZTVoZThwUXRaa1I4TTE3Y1Y0R2kzQ2tHTmppQmViLWtxaXBUTkVuM01BSmFLZGVoMXU1bmc2aW4yQmIxemZCVWo0R2FDZzFIQTVEb2ZSZ9IBkgFBVV95cUxOQllvMXYwb0Vqc2xoTkczSFlFakFTY3NCLVM0ZkxhYkNnMjlOMTBnaFNkWHZpa3ktcHNjTC01ODVHTWFQaElNNkR6WVp5UUc2VFJKaTMzSXoxaUFNal82bnVBaGNzVDZ5RE9rMmpLTnpQYWVHSDJLVEtjM2s4QWpRYVN3OTFGNjNNLTlVS05SMVJydw?oc=5) · KWQC
- 2026-08-29 [Tyrese Haliburton Reacts to Harrison Barnes Buying Iowa Bank in Funny Post Amid NBA Offseason - Bleacher Report](https://news.google.com/rss/articles/CBMizAFBVV95cUxNbTVCbzVUQXhkcllxYU1DUTZMdUM2YnF5UDYyRzNCLURqb1hnaHVLREZmcHA1T2xmWjVCbWh4M3NiR2lMRDRHRzlHLWllX1VzTkZVTE9US0x4eFp6eTBab2t2VnRuNUV2R3prcktfRFJIXzNIM0FnS19Lc3BXNmJKUjZUM2lWX2FKM3VGZXp3NWFoX2VJbzU0cWMwMlZ5US10SC0zRFl6aEVDSkU0cWdrUTZqMDdXanVyN2hGMzJMMkJqcHNEZThfWVlfcmY?oc=5) · Bleacher Report

## How to verify

- Page: https://getbookiq.com/bank-desk/#bank=13715 (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/19.json (key "13715", 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