# STATE BANK OF LEDYARD
LEDYARD, IA · FDIC certificate 14411 · asset band <$300M · latest filing 2012-09 · stopped filing (departed)

**Verdict on the desk:** this could be *fortress*. 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 | $37.2M | |
| Deposits | $32.0M | |
| Loans and leases | $27.2M | |
| Total equity | $5.2M | |
| Loans / deposits | 84.44% (p79 of band) | 69.20% |
| Liquid assets / assets | 24.45% (p26 of band) | |
| Uninsured deposits / deposits | 3.35% (p17 of band) | 8.50% |
| Brokered deposits | 0.00% | |
| Wholesale funding | 0.00% (p18 of band) | |
| FHLB advances / assets | 0.00% | |
| Tier 1 leverage | 13.70% (p84 of band) | 10.13% |
| Unrealized securities loss / equity | 0.12% (p12 of band) | 3.81% |
| AOCI / equity | 0.17% (p44 of band) | |
| ROA (annualized) | 1.16% (p71 of band) | 0.80% |
| Net interest margin | 3.64% (p42 of band) | 3.77% |
| Efficiency ratio | 50.24% (p8 of band) | |
| Noncurrent loans | 0.16% (p18 of band) | 1.27% |
| Net charge-offs (annualized) | 0.50% (p84 of band) | |
| Reserve coverage of noncurrent | 418.60% | |
| Real estate % of loans | 34% | |
| Construction % of loans | 3.17% (p24 of band) | |
| Auto loans | $749,000 (2.76% of loans; DQ 1.74%, NCO 0.00%) | |
| Loans to nondepository financials | $0 (0% of equity) (p48 of band) | |
| Deposits YoY | 0.5% | |
| Employees | 9 | |

## Flags firing in the latest filing

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

## Warning timeline

| Quarter | Score | Flags that first fired | Flags that cleared |
|---|---|---|---|
| 2011-03 | 0 |  |  |
| 2011-06 | 1 | reserve under noncurrent |  |
| 2011-09 | 0 |  | reserve under noncurrent |
| 2011-12 | 0 |  |  |
| 2012-03 | 0 |  |  |
| 2012-06 | 1 | capital falling |  |
| 2012-09 | 1 | uninsured deposits leaving | capital falling |

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

- 2025-03-08 [Patricia Larson Obituary Mar 8, 2025 - Turner Jenness Funeral Home](https://news.google.com/rss/articles/CBMibkFVX3lxTE5HYUJUcmpuVW1WS05FaDhDYlZGTjl4cDRWVFZHWGNKMlNPcVo3d3Z4RDE0TFdfdlQzNHBhV0kzbDlvUmpZd3d0TEprc2JQZ0xTU3VXbXFfTmVhUUxyWE1Lb2o4c2xvclFZYTZRV3VR?oc=5) · Turner Jenness Funeral Home

## How to verify

- Page: https://getbookiq.com/bank-desk/#bank=14411 (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/11.json (key "14411", 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.

---
Rendered 2026-09-10 from the desks' own data files. Full guide: https://getbookiq.com/guide