# EXCHANGE STATE BANK
CARSONVILLE, MI · FDIC certificate 15064 · asset band <$300M · latest filing 2022-12 · stopped filing (departed)

**Verdict on the desk:** this could be *run candidate*. 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 | $214.0M | |
| Deposits | $198.3M | |
| Loans and leases | $105.1M | |
| Total equity | $15.1M | |
| Loans / deposits | 52.28% (p29 of band) | 65.69% |
| Liquid assets / assets | 45.85% (p65 of band) | |
| Uninsured deposits / deposits | 16.61% (p34 of band) | 20.85% |
| Brokered deposits | 0.00% | |
| Wholesale funding | 0.00% (p21 of band) | |
| FHLB advances / assets | 0.00% | |
| Tier 1 leverage | 11.62% (p60 of band) | 10.88% |
| Unrealized securities loss / equity | -77.94% (p14 of band) | -23.02% |
| AOCI / equity | -58.15% (p17 of band) | |
| ROA (annualized) | 0.55% (p24 of band) | 0.90% |
| Net interest margin | 3.05% (p34 of band) | 3.32% |
| Efficiency ratio | 78.76% (p74 of band) | |
| Noncurrent loans | 0.43% (p64 of band) | 0.19% |
| Net charge-offs (annualized) | 0.00% (p40 of band) | |
| Reserve coverage of noncurrent | 306.36% | |
| Real estate % of loans | 75% | |
| Construction % of loans | 6.92% (p30 of band) | |
| Auto loans | $1.6M (1.56% of loans; DQ 0.73%, NCO 0.00%) | |
| Loans to nondepository financials | $0 (0% of equity) (p48 of band) | |
| Deposits YoY | 0.9% | |
| Employees | 36 | |

## Flags firing in the latest filing

- **AOCI drag >20% of equity** (`cap_aoci`)
- **securities losses >30% of equity** (`cap_secloss`)

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

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

- 2022-08-31 [Thumb Bancorp, Inc., Exchange State Bank Corp. announce merger - Huron Daily Tribune](https://news.google.com/rss/articles/CBMipgFBVV95cUxPYS1obG4tbVAwR3FDOVkzRnFtODdZWVV5RE5pMzk3dHlUN3hpaDdZV1BOSzlEOFBPcldwNC0zYUhDUUdjZTRDTVZDRmE1Z28xb3ZwdW9IQW9IbzJKSzQ0RV9LYnI3MzkzZXJaS0ZrMjYxcWpYLUNHSTlLUTFUUFhLdWFhaDBISzRKVEpGVzlfNnVSeDEwMFNudWVYNHRHNlpSQXJaYTVn?oc=5) · Huron Daily Tribune
- 2021-03-10 [Wadsworth appointed to Exchange State Bank board - Sanilac County News](https://news.google.com/rss/articles/CBMikgFBVV95cUxOQ2pOVXFiZnRpZDdBVTVtN08td256OVpYb0dVVjlPaFRkUFVQRTc4NW02U3JsdmNMRzZCQ1BiZTZEeUJJV0pmRzNxYVVXMFJsMXRwWGJKX092Rm5YUENxSDNtR2Q3dHlsc3hWUTdETWs5emhPODRGTkg3NUswdDh6MzROd2JNSUVBMXJUNnh5NENSUQ?oc=5) · Sanilac County News
- 2015-06-15 [Sanilac County Breakfast on the Farm scheduled for July 25 - Michigan State University](https://news.google.com/rss/articles/CBMikgFBVV95cUxOUzRWclVIRVF6UTY4b1dicjJXR2tUQTgtenBlMV9MNWpOMmE0SGhIbGVLN210aHpiZF9TMjdKVG1kMG13SEFiWjZjeFlBa0lYdERYMTR2d3NKRVd1MnFSNkJtSi1uY29yY1NERmh2V0hkV01xZTQ1UHhKd0VsdWdpQWJra2U0bEswM3FwSTFlRVZGdw?oc=5) · Michigan State University
- 2024-11-24 [Thumb Bank & Trust completes merger with Freeland State Bank - Huron Daily Tribune](https://news.google.com/rss/articles/CBMioAFBVV95cUxQR2h3NEtSNjJKcjRvVmNzR09DNzliWFFHeDJxWVBvblppOVRVenVEVHlheUZMNG0zSE05SkZaV3RuS0kzbmZab1prWmJIM0sxNUVvc2tWUmNVSFdDMzJ1WkxYTEtWVzlhNVhwcU5MQ3dyUER1b1NsT3VLcXB0MV9uUWF6Mnk4ZW1DMlp1YnZrTWVzS25yZVNjLWItSzhTdHM2?oc=5) · Huron Daily Tribune
- 2021-09-30 [Sandra L. Willis - Times Herald](https://news.google.com/rss/articles/CBMiYEFVX3lxTE5mWEpsQ2lHZ0pjSmFhMUpIYXQzSFFjUkVDRF92TFN6bnJ4LV80R0xmNW92d00zb3BsTnlRc0FqNU9wLTdnVlhVb0dDOTF3eVlOLWpxQnIwbGtEaEVNUXFueQ?oc=5) · Times Herald
- 2014-12-10 [Bank is “Making a Difference” - Sanilac County News](https://news.google.com/rss/articles/CBMidkFVX3lxTE5SMExiX0lXQ1lBM2xIVVJ2VjFvVkZTNGMtSUdBN0tZNFFIeTMtT215TUlYemNzTkVWcm1IUDNLOHJhcTk2T1c5Qks1TVlMNXFWSEMwZDBLSHI1SzVoNzRwYWo1M0haYm9tWVFfdXVlc3EwaDU4U0E?oc=5) · Sanilac County News
- 2023-11-08 [Robert D. Grout Obituary (2023) - Croswell, MI - Pomeroy Funeral Home - Croswell - legacy.com](https://news.google.com/rss/articles/CBMigAFBVV95cUxPSGhXQmF1OGkwR1lqNzdPZGppeEdwYWpRcEhNbl9FYllrR0w5US0tSmhudjJ6U19KNnZFOThCdVlmWjczMWtxSTRFdXNxXzY2aTJYQWhjSkZWVXFoVC1qa2xKeGtwSWYyQTdzM2tyWVhUSm9YaWNtLTdRd1lSTkxpTg?oc=5) · legacy.com
- 2022-08-03 [Brandon Guibord joins McKenzie health board - Sanilac County News](https://news.google.com/rss/articles/CBMiiwFBVV95cUxQMHI3ZjBiQk90SlljSGRybE9XZ3J2by13RmVYVFYwTkpqdTljSHlWdVMxY05jdWtraENzMms1d0x5cG5zRktVWGlSMmQyaG5JeGNZeC1VSUtDekwycmg0Si1aMVRjc0hZWHp6VGYwRFNtQTZvMFowbklzX1VJVHVGQzdJLUFsUVVlR3lF?oc=5) · Sanilac County News

## How to verify

- Page: https://getbookiq.com/bank-desk/#bank=15064 (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 "15064", 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