# FEDERATION BANK
WASHINGTON, IA · FDIC certificate 14352 · asset band <$300M · latest filing 2026-06 · live

**Verdict on the desk:** this could be *liquidity-rich*. 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 | $155.8M | |
| Deposits | $133.8M | |
| Loans and leases | $82.9M | |
| Total equity | $14.6M | |
| Loans / deposits | 61.03% (p32 of band) | 73.59% |
| Liquid assets / assets | 41.56% (p66 of band) | |
| Uninsured deposits / deposits | 6.26% (p5 of band) | 19.81% |
| Brokered deposits | 0.00% | |
| Wholesale funding | 4.22% (p70 of band) | |
| FHLB advances / assets | 0.74% | |
| Tier 1 leverage | 10.49% (p32 of band) | 11.76% |
| Unrealized securities loss / equity | -17.31% (p27 of band) | -6.57% |
| AOCI / equity | -2.44% (p9 of band) | |
| ROA (annualized) | 1.79% (p79 of band) | 1.17% |
| Net interest margin | 4.31% (p69 of band) | 3.93% |
| Efficiency ratio | 58.67% (p32 of band) | |
| Noncurrent loans | 0.20% (p41 of band) | 0.36% |
| Net charge-offs (annualized) | -0.03% (p5 of band) | |
| Reserve coverage of noncurrent | 731.93% | |
| Real estate % of loans | 67% | |
| Construction % of loans | 20.94% (p54 of band) | |
| Auto loans | $2.4M (2.89% of loans; DQ 0.29%, NCO 0.00%) | |
| Loans to nondepository financials | $0 (0% of equity) (p48 of band) | |
| Deposits YoY | 3.6% | |
| Employees | 24 | |

## Flags firing in the latest filing

- **uninsured deposits leaving** (`flight_uninsured`)

## Warning timeline

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

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

- 2024-01-10 [Luann Miller retires from Federation Bank - The Kalona News](https://news.google.com/rss/articles/CBMiigFBVV95cUxQNUt4dHRYSUVGLUVfYlBHZnhHTU54ZDI1Zks0bXZuLTVyNHZWWFo0eVVka0xnZTA1UU5pRnE3NHdTUlhwTmdTdFJjU0c2NkZTQkhZNDc3NHZxVzBmWWNlU0Y2NVBsUTFtUGxtbGpWTldyUzRaeDVaaGNMVS1semUta1A3VnBoa09MdEE?oc=5) · The Kalona News
- 2023-01-20 [Washington Board of Supervisors Vote For Feasibility Study of Federation Bank Building - KCII Radio](https://news.google.com/rss/articles/CBMiwgFBVV95cUxPQVBlSUROb3ZuQXdnNlRMN1VVZmUxbHNudjhwVHF4UGlqRW5hdEdDYl9OZDhMdVl3UzNQUW5PcFRrVTNQS0VkQWJGR0VURlZfRnZNeU1nU2NDUkxORnVNbHZWTWVOTmtvM2VEU2xDYXRQaWJORjdGc2pmUU9yMzVpb1NQZ0YtLTJDN0Y2Sm5Yd2MtRXo3YWE1Mno0bS0xOHV4TlBCc2VraENiaFBPdF9HeXhRbm1mZ3JBc2xEaHJyV1NXdw?oc=5) · KCII Radio
- 2026-01-23 [Mary Ann Woods Obituary Jan 23, 2026 - Jones & Eden Funeral Home](https://news.google.com/rss/articles/CBMiWEFVX3lxTE1DRDQwaDNEOWdZSXBfNTgyMXFmQjdlcmFfZlNxaU9vV1hYd0RVcGR0WFNOZndlcnhtcTA5ODR6VUVuRDFzdnVEUnp3QTVhSVl1REdRcXB2bWs?oc=5) · Jones &amp; Eden Funeral Home
- 2022-08-23 [Students and teachers appreciate supplies donated to Federation Bank’s annual drive - The Kalona News](https://news.google.com/rss/articles/CBMiwAFBVV95cUxPS09UdTVZVXZzVHU2ZmcwYlRCRkxXZVZuYl92bFVzV3RNeG53d19rUUw0aHFBSmM3VjhQUGMyV1Z2WTQ0QlNYWGVRVV9jOE9vS2o5d25GeHdUTVJwMkFvSDF4b1otREVBZmtTNGgtU1Q4MFUxN1pJZzZPbFVLQnBPeHc5QmdfWkNQbWM4ZGR1eW41WmJWc243bXVLM215VzJOY0lhSEFZVzU2WXZRZ2lfVFpfOWstQmI4YWtkQnhsTFg?oc=5) · The Kalona News
- 2022-05-10 [Lois Plank Obituary Nov 11, 2019 - Powell Funeral Homes](https://news.google.com/rss/articles/CBMiZ0FVX3lxTE1idFlPWVpXZFBzajJQUlc3c0d5ckN0TFoza2V4bzdhXzRDeWt5MnFwVTM2azhyYXZpZlBMN1VjQ2xZLThBNTU0NkQ1T2wzQ09SSk1JSjVJbk9OVDk1bjhoWFZpSTZUUlk?oc=5) · Powell Funeral Homes
- 2009-09-07 [Bonita Tindal Obituary Sep 7, 2009 - Peterseim Funeral Home](https://news.google.com/rss/articles/CBMibkFVX3lxTE9hN0haRVBGd0I4cnlrYUQ4MUdqYUNKWEVjekQxMVA0SnczbnJJTVJQTEpiUzI2UXdxejZadTJDTENtQzljcXE4N09hdXlKempNanJTZV8zNjhpb0RuSndhWXdkTVZjeGJwZGZyRDhB?oc=5) · Peterseim Funeral Home
- 2017-03-13 [Clint Norris Obituary Mar 13, 2017 - Jones & Eden Funeral Home](https://news.google.com/rss/articles/CBMiW0FVX3lxTE1hQ0YtVE0xc3VxMC1MVjR6aEVZeE41VmNfYVJyUFFHTEI0TkpObmFpNGdObk4zbFVHUzNabDh3cVJNcS1IakZqVVJKdTlJYkhQN2FWd05uMWw3Rm8?oc=5) · Jones &amp; Eden Funeral Home
- 2010-01-06 [Richard Weeks Obituary (2010) - Washington, IA - legacy.com](https://news.google.com/rss/articles/CBMihAFBVV95cUxQR0FyVlZFMjVGUVRDSGdvLVQ2cGFNcWZXUlJVcGI4MlU4QjRuNXhMai1rdlJtU3ZwTVNCWEVrcUZQakc0VFNhd3RPNGtuZXBKSG5DaTNZbGxQMnFGemN2VEFPSXlCalY4UnF0cUd1RkJWLW5semtLdzM5SXM5VlBYR2JVSmk?oc=5) · legacy.com

## How to verify

- Page: https://getbookiq.com/bank-desk/#bank=14352 (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/16.json (key "14352", 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