# SHELL LAKE STATE BANK
SHELL LAKE, WI · FDIC certificate 14911 · asset band $300M-1B · latest filing 2026-06 · live

**Verdict on the desk:** this could be *fortress*. Composite score 0 (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 | $361.8M | |
| Deposits | $314.2M | |
| Loans and leases | $240.8M | |
| Total equity | $39.3M | |
| Loans / deposits | 75.65% (p37 of band) | 82.04% |
| Liquid assets / assets | 29.45% (p63 of band) | |
| Uninsured deposits / deposits | 10.75% (p5 of band) | 25.97% |
| Brokered deposits | 0.55% | |
| Wholesale funding | 2.25% (p43 of band) | |
| FHLB advances / assets | 1.38% | |
| Tier 1 leverage | 12.31% (p72 of band) | 10.81% |
| Unrealized securities loss / equity | -14.81% (p32 of band) | -8.10% |
| AOCI / equity | -0.81% (p29 of band) | |
| ROA (annualized) | 1.48% (p63 of band) | 1.28% |
| Net interest margin | 3.42% (p24 of band) | 3.91% |
| Efficiency ratio | 56.98% (p36 of band) | |
| Noncurrent loans | 0.03% (p15 of band) | 0.43% |
| Net charge-offs (annualized) | 0.00% (p41 of band) | |
| Reserve coverage of noncurrent | 4178.38% | |
| Real estate % of loans | 88% | |
| Construction % of loans | 63.69% (p67 of band) | |
| Auto loans | $6.6M (2.73% of loans; DQ 0.76%, NCO 0.00%) | |
| Loans to nondepository financials | $0 (0% of equity) (p45 of band) | |
| Deposits YoY | 5.2% | |
| Employees | 47 | |

## Flags firing in the latest filing

- none

## 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 | capital falling |  |
| 2012-06 | 1 |  | capital falling |
| 2012-09 | 0 |  | reserve under noncurrent |
| 2012-12 | 0 |  |  |
| 2013-03 | 0 |  |  |
| 2013-06 | 1 | reserve under noncurrent |  |
| 2013-09 | 1 |  |  |
| 2013-12 | 1 |  |  |
| 2014-03 | 1 |  |  |
| 2014-06 | 1 |  |  |
| 2014-09 | 1 |  |  |
| 2014-12 | 1 |  |  |
| 2015-03 | 1 |  |  |
| 2015-06 | 1 |  |  |
| 2015-09 | 1 |  |  |
| 2015-12 | 0 |  | reserve under noncurrent |
| 2016-03 | 0 |  |  |
| 2016-06 | 0 |  |  |
| 2016-09 | 0 |  |  |
| 2016-12 | 0 |  |  |
| 2017-03 | 0 |  |  |
| 2017-06 | 1 | capital falling |  |
| 2017-09 | 1 |  |  |
| 2017-12 | 1 |  |  |
| 2018-03 | 1 |  |  |
| 2018-06 | 1 |  |  |
| 2018-09 | 1 |  |  |
| 2018-12 | 0 |  | capital falling |
| 2019-03 | 0 |  |  |
| 2019-06 | 1 | uninsured deposits leaving |  |
| 2019-09 | 1 |  |  |
| 2019-12 | 2 | deposits shrinking |  |
| 2020-03 | 2 |  |  |
| 2020-06 | 2 | capital falling | deposits shrinking |
| 2020-09 | 1 |  | uninsured deposits leaving |
| 2020-12 | 1 |  |  |
| 2021-03 | 1 |  |  |
| 2021-06 | 1 |  |  |
| 2021-09 | 1 |  |  |
| 2021-12 | 1 |  |  |
| 2022-03 | 1 |  |  |
| 2022-06 | 3 | AOCI drag >20% of equity, securities losses >30% of equity |  |
| 2022-09 | 3 |  |  |
| 2022-12 | 3 |  |  |
| 2023-03 | 1 |  | capital falling, AOCI drag >20% of equity |
| 2023-06 | 1 |  |  |
| 2023-09 | 3 | capital falling, construction >100% equity |  |
| 2023-12 | 2 |  | construction >100% equity |
| 2024-03 | 1 |  | capital falling |
| 2024-06 | 1 |  |  |
| 2024-09 | 0 |  | securities losses >30% of equity |
| 2024-12 | 1 | securities losses >30% of equity |  |
| 2025-03 | 0 |  | securities losses >30% of equity |
| 2025-06 | 0 |  |  |
| 2025-09 | 0 |  |  |
| 2025-12 | 1 | capital falling |  |
| 2026-03 | 0 |  | capital falling |
| 2026-06 | 0 |  |  |

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

- 2026-07-29 [Shell Lake State Bank opens in new location - apg-wi.com](https://news.google.com/rss/articles/CBMi3AFBVV95cUxNTnNNZ0NGeHZDUWs1aU5VZWQ1a1JYUEhKU2xVTFNoQ2cxaTFMYVFCdkNuTkpVYUZLYUFZdlJrZko4NldhWlhiTkd0NTI2RV91X1RpZVpKcThrRFc4Tm04NjdtRHVIVTdCUEl1NW1mc0hjbVF5LXphRUNDSml4cktlaWhFVE9HbEhENmJKWnlLNEZXdXoxazljYnRUUmIzLVMtU3MzUmdFTVFBTFhrMEs4NDdnUFdGYmdsUHZ5WlhHc2ZBcDdXaGJKLWxDbnhUNlI4SVpTazRFMUhMVGFm?oc=5) · apg-wi.com
- 2019-02-28 [Shell Lake State Bank Donates To The Shell Lake Arts Center - DrydenWire.com](https://news.google.com/rss/articles/CBMikgFBVV95cUxNQ21wZnNsSEpPWXJiX2pLSkZUSFEyRU9zRTRRSzdobTVtMnFGWHNpUC1KRkpBWHg1Y0paS3BHUHdoOHhZeWk3OWthbmV5RW92SXliOWNpanNMZzFQcUsxbDRxMGdXOFRXdUlQSW9ObUh6T0YyLXQ5SXFfekJTQ2tqVDlOXzU3c2U5c19wbXVWY3gxQQ?oc=5) · DrydenWire.com
- 2015-06-24 [Shell Lake State Bank, Don Strunk & Shane Williams - apg-wi.com](https://news.google.com/rss/articles/CBMiugFBVV95cUxQQ1ZRMU5MU2pXWDJmcFZZaWdtOVdQV3JvQ1NzUWptMkx3SmRIY3VRUUFQQ2thUHZQT2FXeHFxakVpZElxbThRa2xIbTVQTzZqbmJva2xOR2ZFb0tHMWxkWGhjdkVna21JMXp0Rm01Q1R5Y29iemtIQmoxVUtFYXh5eEpheUdTbFlKdlhkbG0xXzVLZWNYYlE2ZFk4MU9Vdng4Y1JqQVM3NmJOLTZrQnpKb21Bc3Rad3ZmVkE?oc=5) · apg-wi.com
- 2016-03-06 [Armed bank robber sentenced - burnettcountysentinel.com](https://news.google.com/rss/articles/CBMivAFBVV95cUxNR09qOWRVOVRtckJCcHlUcGp0dGctZkhweElIRU1sY2xkc1N2aFk0RC1rc3VHZXEydDkxWm5MNnVHVXB4U2tHYVZqN1Z5VmpIdGVORVozN3p3YWxPSnJIRmFRR2Z3NHNqai1Cby04eHVBMDkwYTRFX1BfQmtabGdXRHppR09sMkdaT2d5MTZ3V2p2Z0xrMEN6UUI4dHM3MG91ekhfazZTUE5yWnlrcDl5UWk0X2lhOU5IQl94Zw?oc=5) · burnettcountysentinel.com
- 2025-07-04 [Shell Lake Gears Up For Largest Fireworks Show Yet On July 3rd - DrydenWire.com](https://news.google.com/rss/articles/CBMilgFBVV95cUxPUDZfMkN1cGtsVkhjMTVwY3lTQmpMaVN0cUNTRTlZQzJrQWJDNU9HeWZqSklyc3lhVjk3MmRXdVdod25lYlpLSHpROXRsbjd2ZDNPWUJLLUJzeENOdEhQTE0wcDVqT3Y0XzZ2cTZBRzRxMDQ2blR3WkJnV1J5NzNJVGwxRHF0dEoyT2ZQa3k2N1BoNmNYcnc?oc=5) · DrydenWire.com
- 2021-08-18 [Shell Lake Bank ribbon cutting - apg-wi.com](https://news.google.com/rss/articles/CBMiygFBVV95cUxONERLd3VxSTRnME9KTFNnZGhMNmZrZzRrRHZ3RVZRQUFmQ0VKbTlTSWJ5UjhIRmRwelNvWTZKMWZOeVVoaVRqcWZEcWdFelp6ZEZYWXNTbXZ6RzBsaEhUam1HS09Nc2NvdUxfMk9oaEx6WldQazdpVHFsYjJwbDZVUUtmV0JtZW96S0hNVHU0cFd1cmpCUE5RLTJBMlh1aGZ0MHlhd2cwRXVjNm5Gd2J5V1ZQRUFYVHlXZ1ZmRE1TVkZEeTlTNFVORGRR?oc=5) · apg-wi.com
- 2022-07-03 [July 4th Weekend Events In Shell Lake - DrydenWire.com](https://news.google.com/rss/articles/CBMiakFVX3lxTE5NUmhMYVBMQWM4S0ViN3dnT1ZGMUp2S19ZNHAwYWxjaDAtUXNBM1JZN2pramlBQ25kMzF6OUVvUU14Yi0yTk56Mnl2cDltSkN0OGRqQ0lUV1h4XzBmcVl0ZkFSOGtRTTd5UUE?oc=5) · DrydenWire.com
- 2022-12-16 [Donating presents for Christmas - apg-wi.com](https://news.google.com/rss/articles/CBMizAFBVV95cUxOeFZRd1VnVGFhTVB4VkVhUHlibGpDQ3ZpSE54MnZmdDlXaGktTmVwaVlWZjdaVnFYdXVGZG9CT3JyTzE5dmx3cGI3RS1pbVdqNEZYaXYwOEd3X3N1NW84Rl9iSHpETmdGZ1U4V0x1QldDYl9jZXNMYk5vRzUwNW9zR21jV2VOWWxuODBTWjlzQ040MHA0U1FycVdnMUJrWGRCdlBvdFVJZmREQnVva2lzaHpYOU1WR251ZzJSdU96UGp2SlVKMGMtWDZ2cmI?oc=5) · apg-wi.com

## How to verify

- Page: https://getbookiq.com/bank-desk/#bank=14911 (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/63.json (key "14911", 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