# FARMERS STATE BANK
MOUNTAIN CITY, TN · FDIC certificate 13775 · asset band <$300M · latest filing 2026-06 · live

**Verdict on the desk:** this could be *run candidate*. Composite score 2 (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 | $232.6M | |
| Deposits | $194.3M | |
| Loans and leases | $147.7M | |
| Total equity | $23.0M | |
| Loans / deposits | 75.09% (p53 of band) | 73.59% |
| Liquid assets / assets | 31.34% (p47 of band) | |
| Uninsured deposits / deposits | 9.16% (p11 of band) | 19.81% |
| Brokered deposits | 0.00% | |
| Wholesale funding | 1.77% (p58 of band) | |
| FHLB advances / assets | 0.00% | |
| Tier 1 leverage | 12.63% (p59 of band) | 11.76% |
| Unrealized securities loss / equity | -39.39% (p9 of band) | -6.57% |
| AOCI / equity | -1.50% (p18 of band) | |
| ROA (annualized) | 0.77% (p29 of band) | 1.17% |
| Net interest margin | 3.91% (p49 of band) | 3.93% |
| Efficiency ratio | 74.31% (p69 of band) | |
| Noncurrent loans | 0.83% (p66 of band) | 0.36% |
| Net charge-offs (annualized) | 0.01% (p66 of band) | |
| Reserve coverage of noncurrent | 148.37% | |
| Real estate % of loans | 86% | |
| Construction % of loans | 92.46% (p93 of band) | |
| Auto loans | $2.3M (1.55% of loans; DQ 0.70%, NCO 0.00%) | |
| Loans to nondepository financials | $0 (0% of equity) (p48 of band) | |
| Deposits YoY | -0.8% | |
| Employees | 48 | |

## Flags firing in the latest filing

- **securities losses >30% of equity** (`cap_secloss`)
- **uninsured deposits leaving** (`flight_uninsured`)

## Warning timeline

| Quarter | Score | Flags that first fired | Flags that cleared |
|---|---|---|---|
| 2011-03 | 3 | noncurrent p90, charge-offs p90, reserve under noncurrent |  |
| 2011-06 | 2 |  | charge-offs p90 |
| 2011-09 | 2 |  |  |
| 2011-12 | 2 |  |  |
| 2012-03 | 4 | capital falling, charge-offs p90 |  |
| 2012-06 | 5 | losing money |  |
| 2012-09 | 4 |  | capital falling |
| 2012-12 | 5 | uninsured deposits leaving |  |
| 2013-03 | 3 | capital falling | charge-offs p90, losing money, uninsured deposits leaving |
| 2013-06 | 3 |  |  |
| 2013-09 | 2 |  | capital falling |
| 2013-12 | 2 |  |  |
| 2014-03 | 3 | charge-offs p90 |  |
| 2014-06 | 3 |  |  |
| 2014-09 | 3 |  |  |
| 2014-12 | 2 |  | charge-offs p90 |
| 2015-03 | 2 |  |  |
| 2015-06 | 2 |  |  |
| 2015-09 | 2 |  |  |
| 2015-12 | 2 |  |  |
| 2016-03 | 2 |  |  |
| 2016-06 | 3 | capital falling |  |
| 2016-09 | 2 |  | capital falling |
| 2016-12 | 2 |  |  |
| 2017-03 | 2 |  |  |
| 2017-06 | 1 |  | noncurrent p90 |
| 2017-09 | 1 |  |  |
| 2017-12 | 2 | charge-offs p90 |  |
| 2018-03 | 1 |  | charge-offs p90 |
| 2018-06 | 2 | uninsured deposits leaving |  |
| 2018-09 | 1 |  | uninsured deposits leaving |
| 2018-12 | 1 |  |  |
| 2019-03 | 1 |  |  |
| 2019-06 | 2 | capital falling |  |
| 2019-09 | 1 |  | capital falling |
| 2019-12 | 0 |  | reserve under noncurrent |
| 2020-03 | 0 |  |  |
| 2020-06 | 1 | capital falling |  |
| 2020-09 | 1 |  |  |
| 2020-12 | 1 |  |  |
| 2021-03 | 1 |  |  |
| 2021-06 | 1 |  |  |
| 2021-09 | 0 |  | capital falling |
| 2021-12 | 0 |  |  |
| 2022-03 | 2 | capital falling, AOCI drag >20% of equity |  |
| 2022-06 | 3 | securities losses >30% of equity |  |
| 2022-09 | 2 |  | capital falling |
| 2022-12 | 2 |  |  |
| 2023-03 | 1 |  | AOCI drag >20% of equity |
| 2023-06 | 1 |  |  |
| 2023-09 | 2 | construction >100% equity |  |
| 2023-12 | 2 |  |  |
| 2024-03 | 1 |  | construction >100% equity |
| 2024-06 | 4 | construction >100% equity, deposits shrinking, uninsured deposits leaving |  |
| 2024-09 | 2 |  | deposits shrinking, uninsured deposits leaving |
| 2024-12 | 1 |  | construction >100% equity |
| 2025-03 | 3 | capital falling, construction >100% equity |  |
| 2025-06 | 2 |  | capital falling |
| 2025-09 | 1 |  | construction >100% equity |
| 2025-12 | 3 | construction >100% equity, uninsured deposits leaving |  |
| 2026-03 | 1 |  | construction >100% equity, uninsured deposits leaving |
| 2026-06 | 2 | uninsured deposits leaving |  |

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

- 2026-06-17 [UPDATE - CAUGHT: Man Accused in Lebanon Bank Robbery and Murfreesboro Robbery Attempt Apprehended - WGNS Radio](https://news.google.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?oc=5) · WGNS Radio
- 2023-06-20 [Forbes 2026 America's Best Banks In Each State List - Forbes](https://news.google.com/rss/articles/CBMiXkFVX3lxTE4xcm9keG1VQVdlREh4RG0tMFA2NktMQ1M4SjBicWxRTkJ3a0lOQTVqSXA0d1FkZ0RPOXQxWjFXYzg5SWhNNTBTU0Rqa0Vuekp2TzR5WnhXLTBwel9MdWc?oc=5) · Forbes
- 2025-06-25 [New Home, Same Mission: FirstBank Opens Doors On Franklin Street - Huntsville Business Journal](https://news.google.com/rss/articles/CBMiuAFBVV95cUxPaXFzUm5WNFZjUXRvSm8wbG1FTjVGWnU5LXpjZ0VsMTZmdjdyc3hoYXdZbkpoTXdHS0t0bFViem9PM1NEMzdITGtIWWd4MXlQNkRqZl9NRjFSR1lGNUFjeWZWMmNHd0Y4bFZ1YkYwVTNpT0FfQUZiZ2hSQ1FwVmR0WEpmZVZxUk5jNDVBZWVIZ3IyQmQtc0ZNM1NWeU4xTzZWVUt4anVkaEV1QUcySkVpTFNXLWRoRFhF?oc=5) · Huntsville Business Journal
- 2025-10-07 [Regional Banks, CUs: 3 Proven Strategies to Drive Growth - Resourceful Finance Pro](https://news.google.com/rss/articles/CBMifEFVX3lxTFAxR0V1c1lIRy1GXzQtSGNTNk9EM3N6NjM2M3FzT0p2b2hTUDc2aEw2NVR2Z0lUaDBUYXRTckJsanRGWXdsenQ1SnU3SEw3bldSSWhEcmNqLWdMMVNIM3R1Sks5a2FoZy0xTkpoUkVOaVJISDFDd01PR3IzM3I?oc=5) · Resourceful Finance Pro
- 2025-04-01 [Jim Ayers, Parsons native who founded FirstBank, passes away - Talk-N West TN](https://news.google.com/rss/articles/CBMickFVX3lxTE5KQlFodVltd2pLQmFCSWpuZW9EQjhKR05TY2tSTVR4UHJ0RVVPS1pibVY4YjVLQ3Y1em5MYUJGSVAySVV4WUlxenlIRUxCTTBTcmtfeW5neVdkdnJXT3Z6a1E4NU80T2FES2pXYlo2VXVodw?oc=5) · Talk-N West TN
- 2021-09-22 [Google Pay growth continues to explode, with dozens upon dozens of new banks signing on - androidpolice.com](https://news.google.com/rss/articles/CBMijAFBVV95cUxQRjVBSkRYUnhSaHFFUTJvZGt2X0R0RnZtcWp6MUUtQjR3R3RXNmc1Umo4Q3NaV0VKVVpsYTRCSVkzb0dfdmhWS05ZWnpQYWh6d3gzc0VVVzBCYXM0MnBCbG9kekdMdnBfZk9selhhTkhDV2pCMGxUNXVlNG5wMmpodURVQWxjanVxT0VhYQ?oc=5) · androidpolice.com
- 2013-06-20 [FirstBank owner talks of Chattanooga area expansion efforts - Chattanooga Times Free Press](https://news.google.com/rss/articles/CBMijwFBVV95cUxPNE44OVhONVNlWnVIMWZfbkFpazJ3bXB4VEdUWC1JZjNvWDNUS3pvMUM3R0c4bE1RMFJJdm9lcWF4czRyNzBjYW5manpkcWx5VmE4cG1yRW1IQ1p3RGFraC13M1VBRnZwQWczbFVYcG10ekZTUjBiUkh0U2IzeXRDMFhlemZmVVJJLVRIRlNGdw?oc=5) · Chattanooga Times Free Press
- 2025-04-01 [Jim Ayers Leading Banker, Businessman, Philanthropist, Passes Away - The Tennessee Tribune](https://news.google.com/rss/articles/CBMijwFBVV95cUxQV1NOaXN2VlEyNkxDSUZ1VWxUMVUySXJpMEsyaUNNLU5QVC1FNDNiOHNoV2FVNDIySjc4cmhyei00VE5ERHhwLWlxWnBORFh3dDR0RzJOd2M2TEFTQnZzSVVRUFpwS19UZi04eFdTaGMtOURuTHpxVWNkVzE1ZVB1VEM1SHlIQXpIcV9iQVVocw?oc=5) · The Tennessee Tribune

## How to verify

- Page: https://getbookiq.com/bank-desk/#bank=13775 (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/15.json (key "13775", 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