# POLK COUNTY BANK
JOHNSTON, IA · FDIC certificate 14194 · asset band <$300M · latest filing 2011-09 · FAILED

**Verdict on the desk:** this could be *credit-stressed*. Composite score 9 (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 | $91.6M | |
| Deposits | $82.0M | |
| Loans and leases | $55.1M | |
| Total equity | $1.5M | |
| Loans / deposits | 64.42% (p36 of band) | 71.39% |
| Liquid assets / assets | 22.82% (p25 of band) | |
| Uninsured deposits / deposits | 0.37% (p3 of band) | 8.02% |
| Brokered deposits | 0.00% | |
| Wholesale funding | 8.38% (p76 of band) | |
| FHLB advances / assets | 6.55% | |
| Tier 1 leverage | 1.35% (p0 of band) | 9.99% |
| Unrealized securities loss / equity | 12.87% (p88 of band) | 3.72% |
| AOCI / equity | 9.02% (p92 of band) | |
| ROA (annualized) | -3.10% (p2 of band) | 0.72% |
| Net interest margin | 3.83% (p48 of band) | 3.86% |
| Efficiency ratio | 133.58% (p97 of band) | |
| Noncurrent loans | 8.80% (p95 of band) | 1.48% |
| Net charge-offs (annualized) | 0.78% (p86 of band) | |
| Reserve coverage of noncurrent | 47.35% | |
| Real estate % of loans | 80% | |
| Construction % of loans | 389.65% (p99 of band) | |
| Auto loans | $395,000 (0.72% of loans; DQ 7.59%, NCO -0.01%) | |
| Loans to nondepository financials | $0 (0% of equity) (p48 of band) | |
| Deposits YoY | – | |
| Employees | 33 | |

## Flags firing in the latest filing

- **leverage <7%** (`cap_low`)
- **leverage <5%** (`cap_critical`)
- **capital falling** (`cap_falling`)
- **losing money** (`earn_negative`)
- **expense ratio p90** (`earn_efficiency`)
- **noncurrent p90** (`aq_noncurrent`)
- **reserve under noncurrent** (`aq_reserve`)
- **construction >100% equity** (`conc_construction`)

## Warning timeline

| Quarter | Score | Flags that first fired | Flags that cleared |
|---|---|---|---|
| 2011-03 | 9 | leverage <7%, leverage <5%, losing money, expense ratio p90, noncurrent p90, charge-offs p90, reserve under noncurrent, construction >100% equity |  |
| 2011-06 | 8 |  | charge-offs p90 |
| 2011-09 | 9 | capital falling |  |

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

- 2023-11-07 [Trucking industry loans are at center of Sac City bank failure, regulators say - The Des Moines Register](https://news.google.com/rss/articles/CBMi3wFBVV95cUxNQy1WdnN2WlhZRkg1UnlvaWRsWUlGNnNVcmhmcmxGTjlnYWdSTkxobDRzWUJwMWYzaE5VSTJQbFFsVTZUYS1qVUowbVN1ZmxlUlU0dnRQcEJTWm84ZHJ6ZHNFc3p2RHJWcHUtUjVLSmZrYmpnS3JpeTFORmtFYXFSZVFqbHFXRE5kNTRmM21qb3ZyTFd1OWtXbEUzMndFSTctbFd2bDRPN3BUd2F2aS00aUZzUWRnNXdDal9kdjdZSW1jNDVDaTEzdXNBZllVYmFVQ19rREpBOVptTjV3Q0F3?oc=5) · The Des Moines Register
- 2023-11-06 [Iowa bank is fifth failure this year - American Banker](https://news.google.com/rss/articles/CBMifEFVX3lxTE9LMFdZcjdnZzduNi1PejVJREVRVXU4REY5UzEzSU5CeHVTd3A5dGpacmdmelV5X2xsNUV2OWZVUkotMWpLZG11RXB2SXFhU29xX09vSnNxNlZHYVVHYlVUTm5RWmZBYU9pN3lhV2xiV2pKc0hUS2hiMDJWYUI?oc=5) · American Banker
- 2026-02-18 [List Of Failed Banks: 2009-2026 - Bankrate](https://news.google.com/rss/articles/CBMiZEFVX3lxTFAtbi1TaWMteGEyOHdQbnlXd0tPRzM2WFJQZjdPdzViQTZFLVVHODJRTEdqRWhnMkxIOG5xMUVSWU5iNHZSbVpnQ2Z4TWdiMDVwN2NTdUNGd3dXZ2tGcGZ2VWVJRnM?oc=5) · Bankrate
- 2024-12-04 [List of Recent Failed Banks in the United States (2023-2024) - Norada Real Estate Investments](https://news.google.com/rss/articles/CBMia0FVX3lxTE4zaWFvQzhqc24zdE1QZ1haYnk2b1NsLWxONmNTTV9jVldzbjZqLUM1NV85U3dyaENaUGhWVm0wdllpUlNMZlIteHExdVUzS0JTdXlRWTJiUGJfaEtZSk5wcWhNNG1ZS0U5Y0Vz?oc=5) · Norada Real Estate Investments
- 2020-01-27 [Larry Tweed Obituary Jan 27, 2020 - Midwest Cremation and Funeral Services, LLC](https://news.google.com/rss/articles/CBMibkFVX3lxTE5iN3FaS0NDckNnRzU5NTZxTmF0Vm5la0JWMGZqSDRmaFpiWmEtRVFhdThTejV2N2ZEcWFIUXg3N3NEVGQtTnJ4VVZfdDJPem5rU3RZZXZXVXlIR0tLX29SaWRBVHJWaHAyTVZ3S2l3?oc=5) · Midwest Cremation and Funeral Services, LLC
- 2023-03-20 [Far-reaching Silicon Valley Bank collapse affects some Iowa startups, lenders - The Des Moines Register](https://news.google.com/rss/articles/CBMi6AFBVV95cUxOZzJuNkJKM2FJZ1RkZks1cW83TXVsN3NCWW5RenFfVjY0TjR5RkhtdDl6bjhaeDRLZkkyYkRjTmlRZWpwVlFMTHVoMTZDTS1FczFtLUJDV3hRMTdBSHQyNnhSckM3VTVPV04wVndnQW1wUWxOU2VLUXBPVU5uTVQwOENtQjlXeU5DcTFLQk0yelpISnNOQ25Va3NXaFRsQW9CR083UmhZWG9wOUVNUEpOMW41emswNldYMktkS3AzTTZUUWc4S185aVVaREZQRGJhVlU0b2RFejRkckRFd1ZnUk1hakg4Mjg2?oc=5) · The Des Moines Register
- 2012-09-17 [Marcella Kochheiser Obituary - Ankeny, IA - Dignity Memorial](https://news.google.com/rss/articles/CBMihwFBVV95cUxQR3R2dEQwel92UUcwVUhneDhNd1BjdnVPNmNRWnJYdzZNa2lmSGhMNGhCaWNnR1dZTkt2RmtaemFTdFpnSnNNQ3MtTE5OTWU0QXoxWlh3Ujkxbl80NU1tbGY1bi1FbTBHSjVNVUsxS2lQQ053djhCeGs2a1VXYjdUMlFaR3VYZDA?oc=5) · Dignity Memorial
- 2020-02-18 [Max Holmes Obituary (1949 - 2020) - Des Moines, IA - the Des Moines Register - legacy.com](https://news.google.com/rss/articles/CBMilAFBVV95cUxPQVF6QUhZRVEtVVN1T2g0aGhhNmU0bnhFZXA1RlBvLUZGblRkSHZaWS10cTlmWjBuMWdkSlcteVI3dERSeXhkZXllM3J5RkFyZ1ktSTZFQlhBSERhdlJVS21DOHN2U29DcV8tcEtlTklESm1wRGNZb2xPUmZIOWxWRjJrenlhZTdONXJNYzA5V0wtWkhK?oc=5) · legacy.com

## How to verify

- Page: https://getbookiq.com/bank-desk/#bank=14194 (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/50.json (key "14194", 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