# FIRST STATE BANK
BARBOURSVILLE, WV · FDIC certificate 14361 · asset band <$300M · latest filing 2020-03 · FAILED

**Verdict on the desk:** this could be *credit-stressed*. Composite score 11 (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 | $151.8M | |
| Deposits | $143.1M | |
| Loans and leases | $87.5M | |
| Total equity | $858,000 | |
| Loans / deposits | 59.89% (p26 of band) | 75.62% |
| Liquid assets / assets | 22.84% (p29 of band) | |
| Uninsured deposits / deposits | 3.37% (p4 of band) | 16.17% |
| Brokered deposits | 3.99% | |
| Wholesale funding | 7.81% (p79 of band) | |
| FHLB advances / assets | 3.82% | |
| Tier 1 leverage | 0.33% (p0 of band) | 11.43% |
| Unrealized securities loss / equity | 40.09% (p100 of band) | 0.53% |
| AOCI / equity | 25.99% (p100 of band) | |
| ROA (annualized) | -4.06% (p1 of band) | 0.92% |
| Net interest margin | 2.31% (p5 of band) | 3.67% |
| Efficiency ratio | 249.18% (p100 of band) | |
| Noncurrent loans | 26.72% (p100 of band) | 0.57% |
| Net charge-offs (annualized) | -0.06% (p6 of band) | |
| Reserve coverage of noncurrent | 7.64% | |
| Real estate % of loans | 77% | |
| Construction % of loans | 1002.10% (p100 of band) | |
| Auto loans | $345,000 (0.39% of loans; DQ 13.62%, NCO 0.00%) | |
| Loans to nondepository financials | $0 (0% of equity) (p48 of band) | |
| Deposits YoY | 17.5% | |
| Employees | 62 | |

## 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`)
- **NIM <2.5%** (`earn_nim`)
- **noncurrent p90** (`aq_noncurrent`)
- **reserve under noncurrent** (`aq_reserve`)
- **construction >100% equity** (`conc_construction`)
- **uninsured deposits leaving** (`flight_uninsured`)

## Warning timeline

| Quarter | Score | Flags that first fired | Flags that cleared |
|---|---|---|---|
| 2011-03 | 3 | brokered >10%, wholesale funding >15%, reserve under noncurrent |  |
| 2011-06 | 3 |  |  |
| 2011-09 | 4 | construction >100% equity |  |
| 2011-12 | 5 | capital falling |  |
| 2012-03 | 4 |  | capital falling |
| 2012-06 | 4 |  |  |
| 2012-09 | 4 |  |  |
| 2012-12 | 7 | leverage <7%, capital falling, charge-offs p90 |  |
| 2013-03 | 6 | noncurrent p90 | capital falling, charge-offs p90 |
| 2013-06 | 7 | charge-offs p90 |  |
| 2013-09 | 8 | deposits shrinking, assets shrinking | leverage <7% |
| 2013-12 | 8 |  |  |
| 2014-03 | 10 | losing money, expense ratio p90 |  |
| 2014-06 | 11 | capital falling |  |
| 2014-09 | 10 |  | capital falling |
| 2014-12 | 9 |  | construction >100% equity |
| 2015-03 | 9 |  |  |
| 2015-06 | 8 | capital falling | deposits shrinking, assets shrinking |
| 2015-09 | 9 | leverage <7% |  |
| 2015-12 | 9 |  |  |
| 2016-03 | 9 | deposits shrinking, assets shrinking | wholesale funding >15%, charge-offs p90 |
| 2016-06 | 8 |  | capital falling |
| 2016-09 | 8 |  |  |
| 2016-12 | 7 |  | brokered >10% |
| 2017-03 | 7 |  |  |
| 2017-06 | 8 | wholesale funding >15% |  |
| 2017-09 | 7 |  | wholesale funding >15% |
| 2017-12 | 10 | wholesale funding >15%, charge-offs p90, uninsured deposits leaving |  |
| 2018-03 | 10 | construction >100% equity | charge-offs p90 |
| 2018-06 | 9 |  | uninsured deposits leaving |
| 2018-09 | 12 | leverage <5%, capital falling |  |
| 2018-12 | 12 |  |  |
| 2019-03 | 13 | charge-offs p90 |  |
| 2019-06 | 13 | uninsured deposits leaving | deposits shrinking |
| 2019-09 | 11 |  | assets shrinking, wholesale funding >15% |
| 2019-12 | 10 |  | charge-offs p90 |
| 2020-03 | 11 | NIM <2.5% |  |

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

- 2020-04-06 [West Virginia’s First State Bank closes in 2nd failure of 2020 - Banking Dive](https://news.google.com/rss/articles/CBMiiwFBVV95cUxOeE5QVXc5ekFQNFR5RWlEb1NNVmJnejBjMGFhMkoyQW1Ob0Z4SkRFaU9JZUlDdWF3UGN1eHVMSTFycHJ0dW8tTmJ2MnZFdFI3bDA0M0JEV3ZGRkhGQjhmclExV2hjWmdkVFJTR2RVT1ZaU2ZrZWVjQXowV0VYR1VpLURsQ0Q0SXdFRzBj?oc=5) · Banking Dive
- 2020-04-04 [MVB takes over First State Bank - WV MetroNews](https://news.google.com/rss/articles/CBMidkFVX3lxTE10cG93dWZ6VUs1RGdiUWVsQWpBamxNUFNtVHF0d0NMQ194d0g3OHdpOU5aVWRZa2xtZW9ZOFNLSDNxREpRNDBrUjd0UF95WVl4OGVHM1ZqajF2c2FuWmdUZUtPc1Nka1N4QkxwUkJCVW5paVNYMmc?oc=5) · WV MetroNews
- 2020-11-06 [First State Bank closing two Denton branches - Denton Record-Chronicle](https://news.google.com/rss/articles/CBMiwgFBVV95cUxOanNINW4xaV9XLU5jN2RURmJxZENDXzlkY1JLTHBDUkdTSmtjbGhfX1dsa0hxN2pkOE1GQ0picGlwajJVYzdQNzFwcW01SDMwSk1HOU8tdkR5YklKaVI5LW5vNThOLTJ0YmtUZW5ZQ0xLTlZvZVJtSHA4U3IxUXd4cDJGVGdXOEJTRTRZREViUm9VRUxBcTRmUDlNbTNqS3MtelRObC1EMWd0NnNDanUzVjN2MkYzckdrWjNjV1RLUXdTZw?oc=5) · Denton Record-Chronicle
- 2026-02-18 [List Of Failed Banks: 2009-2026 - Bankrate](https://news.google.com/rss/articles/CBMiZEFVX3lxTFAtbi1TaWMteGEyOHdQbnlXd0tPRzM2WFJQZjdPdzViQTZFLVVHODJRTEdqRWhnMkxIOG5xMUVSWU5iNHZSbVpnQ2Z4TWdiMDVwN2NTdUNGd3dXZ2tGcGZ2VWVJRnM?oc=5) · Bankrate
- 2025-01-02 [How many credit unions acquired banks in 2024? An industry M&A analysis | Credit Union Journal - American Banker](https://news.google.com/rss/articles/CBMiuwFBVV95cUxQRXVobmhmLTlwUVhUSGhzUFNydE44NGZZekt6VlJsa0E0a2cxOV9fTEgwa2tHV0dpTXIxSEI2NUxQTERjeDNLSUlfWkJ4QXdzQzJ4QU9fN2RSUjVpTmJGQmJQSmxJd3NXQ04zSXJWMDU0cC1VenNxcXM4Y3hGXzUwUTAzYzZzeGtzeWU0X2RKN1RVWjhCaUg2QVl4U0xOV01vcUVrOTR1dHFYbTFiMmR0QWtkSzI2TzlLYzJn?oc=5) · American Banker
- 2020-04-06 [First Bank Collapses Amid Coronavirus Woes: More in Store? - Yahoo Finance](https://news.google.com/rss/articles/CBMiiwFBVV95cUxNREpOWTJvNG9uMUhUdmNRLVRmNGRTSGVyZll4NXhLeFZrTVA5TzEyVG9HSEpYTmdkenNsYnR2a2FzMFk4dldzaHBVVF8ya1VIMGdicHVWSERMXzVmRURBeHQtckU2YWZ3eGN2SnZCZW44TjROTjJ4YTV0TGh3bGRlWmZlMjl0eW01SWdZ?oc=5) · Yahoo Finance
- 2014-09-16 [Ex-Huntington bank official gets prison term - West Virginia Press Association](https://news.google.com/rss/articles/CBMilAFBVV95cUxOWmNxcHdzTkc0Z2ZlRXd5TGZ1Rzg2NmV4VEYtTXJSNTZDcXE1R2dyQ3ZKTm02c2VWTnQ4bWhaZ0V1SnlfTkhEek9aemNobkJHZjdJaHoxUU9xNlllX1I0TEpMYnVBNjhvZ24wd1YyeTVzeXQ5Q0lLTXJlbEdVQVhpTzBfSzhSU0hkT2RseU1TTFZ5bnJi?oc=5) · West Virginia Press Association
- 2025-07-25 [Obituary information for David Brett Brownfield - Chapman's Mortuary](https://news.google.com/rss/articles/CBMiiAFBVV95cUxNZTFGdkpqbXo5bjNtT1FBczd1UXlJeUZ2TDhyemRkc3dVRnBzQ0tINkYtZHFEMHVtWnF1eURzQll2M3AxZ01LaHFBR1VvXzBGb0s3MHhLNUVxNF94Q2pCSEVUS0hIT3p2OHFsRnpfRmJCQlQtaE9yVXRseGR1WjRJOWlnY25uUXRf?oc=5) · Chapman's Mortuary

## How to verify

- Page: https://getbookiq.com/bank-desk/#bank=14361 (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/25.json (key "14361", 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