# FIRST AMERICAN BANK
FORT DODGE, IA · FDIC certificate 14808 · asset band $300M-1B · latest filing 2019-12 · 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 | $675.0M | |
| Deposits | $509.5M | |
| Loans and leases | $194.7M | |
| Total equity | $126.1M | |
| Loans / deposits | 37.74% (p3 of band) | 85.34% |
| Liquid assets / assets | 61.50% (p97 of band) | |
| Uninsured deposits / deposits | 34.33% (p81 of band) | 22.41% |
| Brokered deposits | 0.00% | |
| Wholesale funding | 4.68% (p53 of band) | |
| FHLB advances / assets | 0.00% | |
| Tier 1 leverage | 15.89% (p94 of band) | 10.60% |
| Unrealized securities loss / equity | -0.34% (p11 of band) | 0.73% |
| AOCI / equity | 2.02% (p50 of band) | |
| ROA (annualized) | 4.58% (p99 of band) | 1.13% |
| Net interest margin | 2.62% (p6 of band) | 3.74% |
| Efficiency ratio | 38.87% (p2 of band) | |
| Noncurrent loans | 0.14% (p21 of band) | 0.54% |
| Net charge-offs (annualized) | -0.04% (p5 of band) | |
| Reserve coverage of noncurrent | 872.40% | |
| Real estate % of loans | 83% | |
| Construction % of loans | 11.01% (p17 of band) | |
| Auto loans | $426,000 (0.22% of loans; DQ 0.00%, NCO 0.00%) | |
| Loans to nondepository financials | $0 (0% of equity) (p44 of band) | |
| Deposits YoY | -29.2% | |
| Employees | 111 | |

## 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 | 5 | wholesale funding >15%, leverage <7%, losing money, charge-offs p90, reserve under noncurrent |  |
| 2011-06 | 6 | expense ratio p90 |  |
| 2011-09 | 8 | capital falling, NIM <2.5% |  |
| 2011-12 | 7 |  | capital falling |
| 2012-03 | 8 | deposits shrinking, assets shrinking, uninsured deposits leaving | losing money, charge-offs p90 |
| 2012-06 | 7 |  | uninsured deposits leaving |
| 2012-09 | 6 |  | reserve under noncurrent |
| 2012-12 | 7 | losing money, reserve under noncurrent | wholesale funding >15% |
| 2013-03 | 7 | noncurrent p90 | losing money |
| 2013-06 | 6 | wholesale funding >15% | reserve under noncurrent, noncurrent p90 |
| 2013-09 | 4 |  | leverage <7%, wholesale funding >15% |
| 2013-12 | 2 |  | deposits shrinking, assets shrinking |
| 2014-03 | 6 | noncurrent p90, reserve under noncurrent, deposits shrinking, assets shrinking |  |
| 2014-06 | 6 | wholesale funding >15% | reserve under noncurrent |
| 2014-09 | 5 |  | noncurrent p90 |
| 2014-12 | 5 |  |  |
| 2015-03 | 4 |  | assets shrinking |
| 2015-06 | 3 |  | deposits shrinking |
| 2015-09 | 3 |  |  |
| 2015-12 | 3 |  |  |
| 2016-03 | 2 | charge-offs p90 | NIM <2.5%, wholesale funding >15% |
| 2016-06 | 2 | wholesale funding >15% | charge-offs p90 |
| 2016-09 | 2 |  |  |
| 2016-12 | 2 |  |  |
| 2017-03 | 4 | deposits shrinking, assets shrinking, uninsured deposits leaving | expense ratio p90 |
| 2017-06 | 4 |  |  |
| 2017-09 | 4 |  |  |
| 2017-12 | 3 |  | uninsured deposits leaving |
| 2018-03 | 1 | expense ratio p90 | wholesale funding >15%, deposits shrinking, assets shrinking |
| 2018-06 | 1 | reserve under noncurrent | expense ratio p90 |
| 2018-09 | 0 |  | reserve under noncurrent |
| 2018-12 | 0 |  |  |
| 2019-03 | 1 | expense ratio p90 |  |
| 2019-06 | 2 | deposits shrinking, assets shrinking | expense ratio p90 |
| 2019-09 | 2 |  |  |
| 2019-12 | 2 |  |  |

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

- 2019-06-25 [Iowa credit union to buy 7 First American Bank locations - The Des Moines Register](https://news.google.com/rss/articles/CBMi7wFBVV95cUxNdWVmU25lYjZJOHNrR1puM0djVnE1enVwZ0JLcjhINGxLdzR2a3lJamZycjlvOGZPLXRveVg1M3YxZ2JuUjJ6VTU2bGF5R0hNaWdEeDdBUUlKc1RISVVtVEJLZk5XeUFCMFF5Mm1SQTVwUUZnbHhYbHZiRU81bnNRZWsxYkxzU0Q2Q0lzSWNneUhLeFBBbHFCd25oTllvajU3aVJ3dTV0YmE4N2w4eGR0ZlNkWW9rcVVORVpFTk0wNmh1aF9YQlFyUHFPWjI1YzMwbkdfcGtTcGlDYUlqUjFVQ0dnNjZiU1hqeEhhb3BhQQ?oc=5) · The Des Moines Register
- 2020-03-05 [Fort Dodge bank’s sale to credit union blocked - - Messenger News](https://news.google.com/rss/articles/CBMiogFBVV95cUxOMDVXTzlEamxnd2twRXQzMXFQVk1VRTI5N3Fid1k2UjdCMWxlb0g1NzBHVFBuOXVHMzE2YWNqMzRfdFluZFBVVTM4Qk9Jdm4wZUZYamVLSmluMmR1Q0N2Tks5SXpQQTBtRHpYcmw4aTc3Qlk1Ty16RFZNaHd3Y0FNVE5aQkNxR1ZLam1TR3RacFpfX1Rzdjd6LWtITGJHVzA0dUE?oc=5) · Messenger News
- 2019-06-26 [Iowa bank announces second asset sale to a credit union - American Banker](https://news.google.com/rss/articles/CBMilgFBVV95cUxNa01mTGhXZWZqQnZpSkpBcGVyN0ROc0ZnMk1YdXdpN2liS3NyLU92eVh6a0d5VlpOYVZ5SlQwTmdpcHdVamJCd0xPX2gyeWZ4cHdPZExSUk5mSHFnTVoxS1dIRWgzRHJYVVFUYi15eU1NZXpjbldZdDZkaWI5dmFCQ01nX0ZYMGVLaml1aEV1MWNLUGtUU3c?oc=5) · American Banker
- 2026-03-30 [First American Bank merging Kankakee branch into its Bourbonnais location - Shaw Local](https://news.google.com/rss/articles/CBMiwwFBVV95cUxPRFVUUnlCd19VYktGRm9sMGNJQmdXN2FiZ19ta1hEa2hNTmpFdDRkc3JsYXZvWXQwdEJiU0pyQzM4VHczZ2U5ckFTMnBremdJZ0RKSW5QU1R6UG5PR2ZPR1RfMXJXMGxLaWlIVTNNMVBzRGE0dTlMeDdnREZQMHh1NTlkMkd3aE5WSVlzd3A2RjVXWFJUZ24wSW1jY25wRGJEcG9XcGRUZGxMWG5obkV6YThJdTZaY09IdG9XaXkzcXhpc1U?oc=5) · Shaw Local
- 2021-05-26 [Iowa credit union proposes buying Illinois, Nebraska banks - Banking Dive](https://news.google.com/rss/articles/CBMinwFBVV95cUxPNWUzOTAtRmk4MzhaYjNxMXhNQmFrMUthaGZ3Q1hPUVNyZnhYUThtOXdiN2JJcUtRc05KcVZnNmdpcWhrci1hX2JINl9oTklrOHJJakNobnpkcEliTVowekpMLXo2cm1uYzBZczRrRVZwWG5EdU9uTndMT2k1Ml95ZUdoaWd4RGJvbGNJdFpfRUpYMWZGS0hSY0ZEbGUtSDQ?oc=5) · Banking Dive
- 2019-05-03 [MIDFLORIDA CU Agrees To Biggest Bank Buy To Date, $730-Million CB&T Of Florida - cutoday.info](https://news.google.com/rss/articles/CBMiswFBVV95cUxOUEhhSXVlLVB2NGFOSXA1cUxsZFh3cUlSRWI1cGtyQ1FwLTBYdm0wVzJkX3pFMjZsMjJTbHkwLWdUMWxVakp2MjFVY0RDeXoxRGpxWm1tUjNKTXNRSm1EUUpwYlhrNjlMRmJHVG40RUVPd3FxNmpNVldTRkFndlBXaTBfNXZaN0pjemV2dkx0OWdrQ1BNS0JyaVk4Y0pKemNVYzBjOTdMU3ZNWUdMU044d05zVQ?oc=5) · cutoday.info
- 2014-12-28 [First American Bank and First United closer to merging - Norman Transcript](https://news.google.com/rss/articles/CBMi2gFBVV95cUxPQ1otdzYwaUFtTFBJTVhuRmxNcEhyNUE2cHhKVVk1ZGtDcHlCenJzR0lpNWxSN3liWFA3UlFMYm9JUkNseFdQNFlhSXhqNFhFbHA4SEVZX3I4blp2MElnbWNfcEFpREl0V0dQV0daS185bklHRFFYZmpUc3gzWXdNN1BGNmd1R1V0Z1hGdWxpU2FvNFZWN3JSRnVSRzV2OVZfRFY1ZkQyQzRucGhWdVlQNEZ3UEdYb1l4X21CMTdZc0RFd3BEU2tfLVVseG9oakg4Z1lmUnRIbHVEQQ?oc=5) · Norman Transcript
- 2020-07-17 [Edgar J. "Ed" Den Beste Obituary Jul 17, 2020 - Meyer Brothers Funeral Homes](https://news.google.com/rss/articles/CBMia0FVX3lxTE1RYUZnYThqcnBydDRhWkhQeUpKdkVyUVBCNHhCaHZZb3FDV09mTzRNZjRyXzdnd05JenFsOGpKN2N0SHFhS3FDczhTaWYzYUt6WWJUcWc3d19hQmtNMUxHbFRabl9ldGdYUnVR?oc=5) · Meyer Brothers Funeral Homes

## How to verify

- Page: https://getbookiq.com/bank-desk/#bank=14808 (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/24.json (key "14808", 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