# FIRST STATE BANK
UNION CITY, TN · FDIC certificate 1479 · asset band $1-10B · latest filing 2015-06 · 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 | $1.90B | |
| Deposits | $1.54B | |
| Loans and leases | $1.15B | |
| Total equity | $296.4M | |
| Loans / deposits | 74.03% (p26 of band) | 86.37% |
| Liquid assets / assets | 28.75% (p66 of band) | |
| Uninsured deposits / deposits | 32.14% (p69 of band) | 24.34% |
| Brokered deposits | 10.81% | |
| Wholesale funding | 13.14% (p65 of band) | |
| FHLB advances / assets | 1.49% | |
| Tier 1 leverage | 10.10% (p55 of band) | 9.78% |
| Unrealized securities loss / equity | -0.33% (p20 of band) | 0.50% |
| AOCI / equity | -1.33% (p9 of band) | |
| ROA (annualized) | 0.86% (p40 of band) | 0.95% |
| Net interest margin | 2.92% (p18 of band) | 3.47% |
| Efficiency ratio | 53.31% (p17 of band) | |
| Noncurrent loans | 0.52% (p34 of band) | 0.76% |
| Net charge-offs (annualized) | -0.04% (p10 of band) | |
| Reserve coverage of noncurrent | 32.11% | |
| Real estate % of loans | 74% | |
| Construction % of loans | 24.78% (p36 of band) | |
| Auto loans | $117.5M (10.26% of loans; DQ 0.81%, NCO 0.00%) | |
| Loans to nondepository financials | $0 (0% of equity) (p37 of band) | |
| Deposits YoY | -0.7% | |
| Employees | 456 | |

## Flags firing in the latest filing

- **brokered >10%** (`liq_brokered`)
- **reserve under noncurrent** (`aq_reserve`)

## Warning timeline

| Quarter | Score | Flags that first fired | Flags that cleared |
|---|---|---|---|
| 2011-03 | 2 | brokered >10%, wholesale funding >15% |  |
| 2011-06 | 2 |  |  |
| 2011-09 | 2 |  |  |
| 2011-12 | 0 |  | brokered >10%, wholesale funding >15% |
| 2012-03 | 0 |  |  |
| 2012-06 | 2 | brokered >10%, wholesale funding >15% |  |
| 2012-09 | 0 |  | brokered >10%, wholesale funding >15% |
| 2012-12 | 0 |  |  |
| 2013-03 | 0 |  |  |
| 2013-06 | 1 | wholesale funding >15% |  |
| 2013-09 | 1 |  |  |
| 2013-12 | 3 | brokered >10%, capital falling |  |
| 2014-03 | 2 |  | capital falling |
| 2014-06 | 2 |  |  |
| 2014-09 | 2 |  |  |
| 2014-12 | 2 |  |  |
| 2015-03 | 4 | NIM <2.5%, reserve under noncurrent |  |
| 2015-06 | 2 |  | wholesale funding >15%, NIM <2.5% |

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

- 2026-02-18 [List Of Failed Banks: 2009-2026 - Bankrate](https://news.google.com/rss/articles/CBMiZEFVX3lxTFAtbi1TaWMteGEyOHdQbnlXd0tPRzM2WFJQZjdPdzViQTZFLVVHODJRTEdqRWhnMkxIOG5xMUVSWU5iNHZSbVpnQ2Z4TWdiMDVwN2NTdUNGd3dXZ2tGcGZ2VWVJRnM?oc=5) · Bankrate
- 2025-07-01 [Y-12 Federal Credit Union finalizes acquisition of First State Bank of the Southeast - Middlesboro News](https://news.google.com/rss/articles/CBMiwgFBVV95cUxON0FxUTNpbnpuOEd4cUN4eXZmVDBZaEVOdklLWHZjanhORUpCODgtbTNMZkEwdXVtVjBaZlplRE01Z2c0cG1Da1ZGU3l2N3FNZUFvSVA4VVhWUWw3NjdGT2V0a0Z0QVlSYzhtdUEwMTJUcXVhUWdWcFFLZXYzMDR5M2F0WE4xMUVIQ28zWS1lRW9ERERSN201UmkzeWtmU0VidUtuUlRqZjN1eXg3dDRMTE5RVks2SkM0Zldzb2NDMTZldw?oc=5) · Middlesboro News
- 2024-10-23 [Y-12 Credit Union Announces Plans to Acquire First State Bank of the Southeast - The Big ONE 106.3 FM WRIL](https://news.google.com/rss/articles/CBMirwFBVV95cUxQMlpraXNOR1dDeDFXWl91Wlp1eGU5UjJzVXlCS2dLWUozdDFqeURNazROc1UxWWR0dEZSTF9RdHM3SHdDTzFyZmpQZ1FFb1RvOUgwOTRUaFV4cm42a05DV2pPUXl3bWxMN0t3bDM0UzlNaFBjQXZJSmJUTlZtMU5hdm9mQndfQUpQckFTZTZwVlNCZVBtWGMta0MxTkRJWmNjb3lSWGhWMnNuLTFGNUtR?oc=5) · The Big ONE 106.3 FM WRIL
- 2024-10-24 [Tennessee credit union crosses state line in bank purchase - Banking Dive](https://news.google.com/rss/articles/CBMisAFBVV95cUxNcUlsTE5JMDdoSWIxcUhZTFc1SUVvYW16ZjdHem9ybUtSYlREc005SV9CcldzcWVpVnhyYjFFTzl5LW9CVmFSN3l6NjNQdGxXZ21DZldVLTZ2Ry05N0dGWWh2RkNjZE94WGhES1JObEpiQ1FCeTR1VnZudjJzbmVzYWVyakVFOWlGTk9BX2oyNnVZdENVbER2a1dOaEFDcHNZTVNOd1J3aXpnN1BSVzFPYg?oc=5) · Banking Dive
- 2016-05-21 [Community banking - jacksonsun.com](https://news.google.com/rss/articles/CBMijwFBVV95cUxPZ19IUXR4dloxVVE2eGJrOTFTdWppZEg1Q2RDYnkwYzRMOHFnZThqSlJpeGkybVdoQXhOeXdWYXc3ZkI0Uk5aajFFM2FncnpWNWswU2l2MU9nMFV3TWpwVjlpOUVMZzk3S0UtcWtsYTRGNHVkYm1maWZUa0Y3NWdOYmtFbTdtQ0Z4Rmh2aVlBWQ?oc=5) · jacksonsun.com
- 2018-04-03 [First State Bank and Trust begins transition to Synovus branding - Valdosta Today](https://news.google.com/rss/articles/CBMirwFBVV95cUxPSU5BSVdBdXJVWTM1aFp1LXFkUDd0REg1bVN3eHNWVDZGV2k5eHNkZll4UkZqNGx4bWlzYXdXN3hvbGNTbERVeXlYbGtES0xwcW9hVm9XaDJTNnFTVFNYaExXdzlKeFhqNFVpbzMzdnByNVVCN2ZGa29NTG1zMGUxUFBmNjBIZ0pXb3JEQTl6TUFjTTFqdk1XLW5yNW9uc1RoaUNtVnNfY0JSbnh0YklN?oc=5) · Valdosta Today
- 2024-10-23 [Oak Ridge-based Y-12 Federal Credit Union to acquire First State Bank of the Southeast - Oak Ridger](https://news.google.com/rss/articles/CBMiygFBVV95cUxNeHBBVUxJVUxxd3NDbWFWd2dDMFJMVDZUSWt0Mi1za1NHZUc0OEJyVFQxV3ZwRVQzbUUtNlo3QTN1LWxZRjVxQ0lmdGNHeWVid3l6d3Q3OTBEamNtRHNjM1JUVE5zazV0WEwwakt6NjhoNE1rV1d3ZUQyNk5xaGhFMXpZYThzNno0M0pfNlNMSlExTWlhakNfYThPdGdOdlZUVlo4VXk4NXNFMDhoVUVTM2k2b2twNGRUZ2JpUFRZVmo1NDAyWTZpTWlB?oc=5) · Oak Ridger
- 2017-01-24 [Ex-banking chief, John Clark, gets UT Martin interim seat - The Commercial Appeal](https://news.google.com/rss/articles/CBMivAFBVV95cUxPS0hLXzVSOVV0RjhrTHl4Y1RHMWdNYVU2TUhvUzA3TVRmZnB1R3dNSC1ITTZMaDhTbW5sSU1HcGJZZ1YzcW45TWR0RmNQbUduTEFsZUQ5VnVrUWlTa21aOGFZaTJkc1FJT2xLNVJZV0JhanM3am9CWlM1WUh5UXpOWGZkNzUzX3o5eWpOYURkYXcxQ0lwUE5ITzZUNnUtOEYwRGc5NGZ3R2JkU2tRYmVHNS1VSS1tdUdhcmpHTQ?oc=5) · The Commercial Appeal

## How to verify

- Page: https://getbookiq.com/bank-desk/#bank=1479 (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/7.json (key "1479", 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