# STATE BANK OF MEDORA
MEDORA, IN · FDIC certificate 14561 · asset band <$300M · latest filing 2025-09 · stopped filing (departed)

**Verdict on the desk:** this could be *funding-stretched*. Composite score 2 (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 | $95.7M | |
| Deposits | $76.3M | |
| Loans and leases | $47.2M | |
| Total equity | $15.7M | |
| Loans / deposits | 61.23% (p32 of band) | 72.79% |
| Liquid assets / assets | 45.37% (p72 of band) | |
| Uninsured deposits / deposits | 14.92% (p32 of band) | 19.24% |
| Brokered deposits | 0.00% | |
| Wholesale funding | 2.08% (p56 of band) | |
| FHLB advances / assets | 0.00% | |
| Tier 1 leverage | 16.27% (p83 of band) | 11.81% |
| Unrealized securities loss / equity | -26.47% (p19 of band) | -7.16% |
| AOCI / equity | 0.00% (p9 of band) | |
| ROA (annualized) | 0.45% (p18 of band) | 1.07% |
| Net interest margin | 2.71% (p10 of band) | 3.81% |
| Efficiency ratio | 82.11% (p80 of band) | |
| Noncurrent loans | 0.39% (p52 of band) | 0.35% |
| Net charge-offs (annualized) | 0.00% (p33 of band) | |
| Reserve coverage of noncurrent | 278.02% | |
| Real estate % of loans | 82% | |
| Construction % of loans | 20.98% (p55 of band) | |
| Auto loans | $2.4M (5.00% of loans; DQ 1.95%, NCO 0.00%) | |
| Loans to nondepository financials | $0 (0% of equity) (p48 of band) | |
| Deposits YoY | -5.5% | |
| Employees | 16 | |

## Flags firing in the latest filing

- **deposits shrinking** (`shrink_deposits`)
- **assets shrinking** (`shrink_assets`)

## 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 | 2 | uninsured deposits leaving |  |
| 2012-06 | 1 |  | uninsured deposits leaving |
| 2012-09 | 2 | capital falling |  |
| 2012-12 | 4 | noncurrent p90, uninsured deposits leaving |  |
| 2013-03 | 1 |  | capital falling, noncurrent p90, uninsured deposits leaving |
| 2013-06 | 2 | uninsured deposits leaving |  |
| 2013-09 | 2 |  |  |
| 2013-12 | 2 | capital falling | uninsured deposits leaving |
| 2014-03 | 1 |  | capital falling |
| 2014-06 | 1 |  |  |
| 2014-09 | 3 | capital falling, noncurrent p90 |  |
| 2014-12 | 1 |  | capital falling, noncurrent p90 |
| 2015-03 | 1 |  |  |
| 2015-06 | 1 |  |  |
| 2015-09 | 0 |  | reserve under noncurrent |
| 2015-12 | 2 | capital falling, reserve under noncurrent |  |
| 2016-03 | 1 |  | reserve under noncurrent |
| 2016-06 | 1 |  |  |
| 2016-09 | 1 |  |  |
| 2016-12 | 1 |  |  |
| 2017-03 | 0 |  | capital falling |
| 2017-06 | 0 |  |  |
| 2017-09 | 0 |  |  |
| 2017-12 | 0 |  |  |
| 2018-03 | 1 | capital falling |  |
| 2018-06 | 0 |  | capital falling |
| 2018-09 | 1 | reserve under noncurrent |  |
| 2018-12 | 1 |  |  |
| 2019-03 | 1 |  |  |
| 2019-06 | 0 |  | reserve under noncurrent |
| 2019-09 | 0 |  |  |
| 2019-12 | 0 |  |  |
| 2020-03 | 1 | NIM <2.5% |  |
| 2020-06 | 1 |  |  |
| 2020-09 | 1 |  |  |
| 2020-12 | 1 |  |  |
| 2021-03 | 2 | capital falling |  |
| 2021-06 | 1 |  | NIM <2.5% |
| 2021-09 | 1 | NIM <2.5% | capital falling |
| 2021-12 | 1 |  |  |
| 2022-03 | 1 |  |  |
| 2022-06 | 2 | securities losses >30% of equity |  |
| 2022-09 | 2 |  |  |
| 2022-12 | 2 |  |  |
| 2023-03 | 1 |  | NIM <2.5% |
| 2023-06 | 2 | deposits shrinking |  |
| 2023-09 | 3 | NIM <2.5% |  |
| 2023-12 | 3 |  |  |
| 2024-03 | 4 | uninsured deposits leaving |  |
| 2024-06 | 2 |  | deposits shrinking, uninsured deposits leaving |
| 2024-09 | 2 | capital falling | securities losses >30% of equity |
| 2024-12 | 3 | securities losses >30% of equity |  |
| 2025-03 | 1 |  | NIM <2.5%, capital falling |
| 2025-06 | 1 |  |  |
| 2025-09 | 2 | deposits shrinking, assets shrinking | securities losses >30% of equity |

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

- 2025-07-16 [State Bank of Medora merges with New Washington State Bank - Seymour Tribune](https://news.google.com/rss/articles/CBMilgFBVV95cUxNd3BPQUlzdWo5cHJOQUpOcFhHblZBVnQzZy0zY2JBT1N0azM2aTQ3cjRySUR0bXcwNEJwVG5jZXhTRnZaVkFXamZNT285WUZ5UHpWbmVlR0xWeUxKd2RQWnp2X2VlMGxpSFEybl8tUXp2ZkxLbHFiNXRJVnFBUmJzN09jbUJqTHNtME5MdkJKX0dzaFFfQUE?oc=5) · Seymour Tribune
- 2025-07-18 [New Washington State Bank to acquire State Bank of Medora - The Business Journals](https://news.google.com/rss/articles/CBMilgFBVV95cUxPRVNiRl9vSF9Ja0pNRHdISFJ1Zk5oTHpQMS0xOUNaZjNJbGNmOWduWlptRXBfZThNRmYtSjF1eGVKcmVLZFk1WVprWVFYUjNtVTFFak9va3p4djViZExYNk5BRjBZZEdOWmMxNy1JdnNJaHFodmFXaEpZRndUQWY1T01VdmdWYkR2STZoVEhEaDhwQ2k5dFE?oc=5) · The Business Journals
- 2018-06-20 [Police: Seymour man accused of stealing checks from grandfather faces 83 charges - Fox 59](https://news.google.com/rss/articles/CBMipgFBVV95cUxNNmJEcjZKVklNeEFIaW1QampyMHhNZm9YYnVTSXQ3akR2T29zQk1FM05hRjJ3VEs5NHhDanlVZ3ZCcHFsWFhBQXVzWGdPVC1VeVRtcnJ3SUVqcl91eUs3dnVFcm9qbkxYajlfU29ydWlfUFlTWlBPMUVFejY1UnUxYlFuTVpCMWFvdnZ2Ni11aU1XLTJQRzVRQ2dLRWFtVHZua0JKb0lB0gGrAUFVX3lxTFBsczRCRDhEdnYzSVpHSENOSTZBdjJKTFlSMEg1RmdZRlVfSGp3Zkt6b0lrNnlMa09XYlhwODZDR3RiM2ZPNTdVU2QyOXExMnVHTUo4TC03ckZZYnBDcktnNEpqMUVVYWEtbEc3a0txUGxmWEhQbkNJRk5WQUJhTzNWM3B6U1lMRzkxMkx3anpqRzh5dEZWS25ucTBtalF0TnJsOXR1MmktcE10Zw?oc=5) · Fox 59
- 2023-05-09 [Russell Arthur "Russ" Sherrill - Legacy obituary](https://news.google.com/rss/articles/CBMilAFBVV95cUxPOVpCWER5blZ4UUdZVzNXNjdDS3UzODUzUjJ6aGVkczFmNXlSWXFWZ01ZeWpRMjZmS3VCXzJvSzJPWEE5d29uWjZTQzlURjYxcUt1dS13VHpUTnl4WEx0d3N2dUZhSnh2d3RodDZCdFpqUnFCRElBRzRyNFVLTnRVbVZKS3ZvNEVIdEo5OEhVUjVEc0tj?oc=5) · Legacy obituary
- 2012-04-14 [Obituaries for April 14, 2012 - The Times-Mail](https://news.google.com/rss/articles/CBMiiwFBVV95cUxPa0hTVEpJTmVJdnVad05IUjJSZUtGQWlVVm02b3UySnc5cThxc2VHTkpZckJTUmhIbGc1eFlCbXBQVjVEbktCaGhNeGZfaFdsQ1lsWFZKQ2laR2h2T2hoeVZOcEVmQVJzRzdKYmw5ZjZwM01xcktrekNaWWhHNEpZOW9uTXAtQ0EwdkE4?oc=5) · The Times-Mail
- 2025-06-30 [Medora Covered Bridge dinner tickets available - Seymour Tribune](https://news.google.com/rss/articles/CBMiiAFBVV95cUxPSk1zR21mel92SEhXaUhlRXl1UmhYQnhWcTIwQ0Vxa1N3akhueEJtTVhRZThTaWlhcThmT3ZFbloxeVljVkJHZ0pUQlVzUmQ4QzBUcnR3VEp6WXl2X01GSGhsbXB6QnIyeHN1TWxZTnQzYktEaUFFZ3h0Q3lidVI1LXpjNlBaOTM3?oc=5) · Seymour Tribune
- 2025-10-21 [Frederick Harrison Obituary (1941 - 2025) - Medora, IN - The Tribune - Legacy obituary](https://news.google.com/rss/articles/CBMilAFBVV95cUxOT3h2S0xEMmtyeHVvU0FvWWpLLUNUNzUyeExUV3J4bzBTYlBUX1U3bkZ1bVJpTzBoT0x2dEljeGViSHZDZlpYS1hpRzlYaE9fUHJhOFVlNnpVcE9QbkRNXzhNZElWWTN1R3N6TkNtdUZQck9UNTFIeWc2dnFtU0RJRGFHMUZXdzRPM1dFMmRrNnREa29w?oc=5) · Legacy obituary
- 2009-08-06 [Robert L. Zollman - Legacy obituary](https://news.google.com/rss/articles/CBMikgFBVV95cUxQSXRzWXRfWG1oSFVnV0RGZFl2VDdRSHF2VTRlRlN5YWVpdXpKT1JxQ1Nsc25KTG55ejdwV2dVS0tzbHpPSGFZTDAtMno5UGVQUXFnNXN5M2VkOGR3MXo3aDNlMTRHckN6QVFpSWZ5UnNkSzZicjRXamFLYWQ4UUYwTmNHbkdkckJpbThaZXFON0RYQQ?oc=5) · Legacy obituary

## How to verify

- Page: https://getbookiq.com/bank-desk/#bank=14561 (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/33.json (key "14561", 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