# STATE BANK OF DANVERS
BENSON, MN · FDIC certificate 1401 · asset band <$300M · latest filing 2024-03 · stopped filing (departed)

**Verdict on the desk:** this could be *funding-stretched*. 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 | $59.5M | |
| Deposits | $50.1M | |
| Loans and leases | $32.2M | |
| Total equity | $9.1M | |
| Loans / deposits | 63.99% (p39 of band) | 70.19% |
| Liquid assets / assets | 37.56% (p55 of band) | |
| Uninsured deposits / deposits | 18.23% (p47 of band) | 18.94% |
| Brokered deposits | 0.00% | |
| Wholesale funding | 0.00% (p19 of band) | |
| FHLB advances / assets | 0.00% | |
| Tier 1 leverage | 10.38% (p37 of band) | 11.30% |
| Unrealized securities loss / equity | 1.63% (p100 of band) | -16.70% |
| AOCI / equity | -0.99% (p34 of band) | |
| ROA (annualized) | 2.15% (p90 of band) | 0.87% |
| Net interest margin | 4.46% (p82 of band) | 3.46% |
| Efficiency ratio | 39.36% (p3 of band) | |
| Noncurrent loans | 0.02% (p29 of band) | 0.25% |
| Net charge-offs (annualized) | 0.06% (p88 of band) | |
| Reserve coverage of noncurrent | 2616.67% | |
| Real estate % of loans | 63% | |
| Construction % of loans | 0.00% (p9 of band) | |
| Auto loans | $612,000 (1.90% of loans; DQ 0.00%, NCO 0.00%) | |
| Loans to nondepository financials | $0 (0% of equity) (p48 of band) | |
| Deposits YoY | -18.9% | |
| Employees | 6 | |

## Flags firing in the latest filing

- **deposits shrinking** (`shrink_deposits`)
- **assets shrinking** (`shrink_assets`)
- **uninsured deposits leaving** (`flight_uninsured`)

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

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

- 2026-03-07 [John Daniel Connolly Obituary Jan 6, 2020 - Anderson TeBeest Funeral Home](https://news.google.com/rss/articles/CBMiZ0FVX3lxTE1waGx4Y2l6elBhUkNib0ljUUJyTHo1aDJNd0pLSDktcm83SWNwb3VkdExiY0VyU0JaOFdNOHRQUnZTZnM5R19ySzZFN0lqVlZYMmJ6R3pTdlRwcGhNbXlmbnN3MHVhY00?oc=5) · Anderson TeBeest Funeral Home
- 2024-04-03 [Legal Notices – April 3, 2024 - Annandale Advocate](https://news.google.com/rss/articles/CBMigAFBVV95cUxOdmM5Zjlody1PVTdLeUFZbFlzX1c0VVhEU0l5UGl5ZmllZEtEXzBramk5QlFYbUhJY2RPbkp2bEV6Z2d2NGNVWFpfVXU4N3N4dkFaT0lIUWlwOXIwNkwwcUNSbXRxTTBWX2ZJUi04ZmZqY19qRkZtY04yUHdBVFhNTtIBgAFBVV95cUxPQmJyMlJxLXNEYThjUWIwREZPTlpkVGF4LV9naXZxNFJwU2xia3czT3BLQ0hBcU1OV0FLYVltTFJabUZiNVZYeWxiWjN4d3dtLWNEOEVnb1BwMzVja1h3QTVqZXhxQ2w4dHg0bS1SdnJiSXJCRHJMblNZQ1VONEViSQ?oc=5) · Annandale Advocate
- 2026-03-01 [Carl Joseph Hoffman Obituary Oct 18, 2019 - Anderson TeBeest Funeral Home](https://news.google.com/rss/articles/CBMiZkFVX3lxTFBZQ1dQY3ZNVkFUT2p3NUNqOWlmbGlhei1jdHZwVm5HYzh5cXRRUlFzWmV3a21NUG1aT2dkWkdKcnBPYjVIbEZqXzMwcGEtZEV6VWRnY0R6TEFKbVlhMUJKNGlNeDV5QQ?oc=5) · Anderson TeBeest Funeral Home
- 2025-01-25 [William "Bill" Erick Hoberg Obituary Jan 25, 2025 - Anderson TeBeest Funeral Home](https://news.google.com/rss/articles/CBMib0FVX3lxTE5pMHZsTUdWUm1GazdVTEVmbFduSlBibEphR21SVmZ4Sl9ISVdzdkNpZXFZTWlsYWtvcHFianhiRkZtY1VEMFU1UllLd2c0ZENjQTFtUndpaFlUbk13aEdkNnpPTWtBZlFYOFRYX2JxRQ?oc=5) · Anderson TeBeest Funeral Home
- 2023-09-12 [Nancy Elaine Kellner Obituary Sep 12, 2023 - Anderson TeBeest Funeral Home](https://news.google.com/rss/articles/CBMiZ0FVX3lxTE5yNTcxbXhqZ1NjZmNsdF9vcWV4QXRYM0FDc0tYQ1NNYjBHbE1SenNyaW8weHBzVkNWUUh3Z2xEWmJTbnE4dlhSdk9yVE1FTWctcmxHeUdtQlZMWWtjRERoazZ1ZjNudXM?oc=5) · Anderson TeBeest Funeral Home
- 2017-06-13 [Gregory Ray Hampton Obituary Jun 13, 2017 - Anderson TeBeest Funeral Home](https://news.google.com/rss/articles/CBMiX0FVX3lxTE9obkpYWHROMjRKTnMxX092ejRBeFptRXpFa2JGOERUVjlKWDBxbEVSR1JzZ1ZrNmNic2JfeE4wZTVLREJuUFNfb2ZWWTY5OFBjQWJRV2ZTUjFFWV9ic2pN?oc=5) · Anderson TeBeest Funeral Home
- 2018-06-17 [Diane Kay Ascheman Obituary Jun 17, 2018 - Anderson TeBeest Funeral Home](https://news.google.com/rss/articles/CBMiX0FVX3lxTE16RVByVHQyeUptT1lid1J5M2w4b2lsdy15ZFRKTmJVSm1FZmVPR3p6ZGRET25fMEg2Ukx5enQ2V1pxWVc3Ql9aYUY4Y0NRMzFqdGgxQVprU05MOGlVUUJr?oc=5) · Anderson TeBeest Funeral Home

## How to verify

- Page: https://getbookiq.com/bank-desk/#bank=1401 (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/57.json (key "1401", 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