# FARMERS STATE BANK
HILLSBORO, WI · FDIC certificate 15126 · asset band <$300M · latest filing 2023-06 · stopped filing (departed)

**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 | $209.7M | |
| Deposits | $171.6M | |
| Loans and leases | $122.9M | |
| Total equity | $37.8M | |
| Loans / deposits | 71.07% (p54 of band) | 68.34% |
| Liquid assets / assets | 40.95% (p59 of band) | |
| Uninsured deposits / deposits | 17.49% (p43 of band) | 19.21% |
| Brokered deposits | 0.00% | |
| Wholesale funding | 0.00% (p19 of band) | |
| FHLB advances / assets | 0.00% | |
| Tier 1 leverage | 18.62% (p89 of band) | 11.20% |
| Unrealized securities loss / equity | -16.09% (p59 of band) | -21.45% |
| AOCI / equity | 0.00% (p30 of band) | |
| ROA (annualized) | 1.57% (p78 of band) | 0.98% |
| Net interest margin | 2.98% (p23 of band) | 3.56% |
| Efficiency ratio | 38.38% (p3 of band) | |
| Noncurrent loans | 0.00% (p13 of band) | 0.19% |
| Net charge-offs (annualized) | 0.00% (p25 of band) | |
| Reserve coverage of noncurrent | – | |
| Real estate % of loans | 73% | |
| Construction % of loans | 15.57% (p44 of band) | |
| Auto loans | $2.2M (1.76% of loans; DQ 0.32%, NCO 0.00%) | |
| Loans to nondepository financials | $0 (0% of equity) (p48 of band) | |
| Deposits YoY | -3.3% | |
| Employees | 22 | |

## 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 | 2 | uninsured deposits leaving |  |
| 2012-12 | 1 |  | uninsured deposits leaving |
| 2013-03 | 1 |  |  |
| 2013-06 | 0 |  | reserve under noncurrent |
| 2013-09 | 0 |  |  |
| 2013-12 | 0 |  |  |
| 2014-03 | 1 | reserve under noncurrent |  |
| 2014-06 | 1 |  |  |
| 2014-09 | 1 |  |  |
| 2014-12 | 1 |  |  |
| 2015-03 | 1 |  |  |
| 2015-06 | 1 |  |  |
| 2015-09 | 1 |  |  |
| 2015-12 | 1 |  |  |
| 2016-03 | 1 |  |  |
| 2016-06 | 1 |  |  |
| 2016-09 | 1 |  |  |
| 2016-12 | 1 |  |  |
| 2017-03 | 1 |  |  |
| 2017-06 | 1 |  |  |
| 2017-09 | 1 |  |  |
| 2017-12 | 0 |  | reserve under noncurrent |
| 2018-03 | 0 |  |  |
| 2018-06 | 0 |  |  |
| 2018-09 | 0 |  |  |
| 2018-12 | 0 |  |  |
| 2019-03 | 0 |  |  |
| 2019-06 | 0 |  |  |
| 2019-09 | 0 |  |  |
| 2019-12 | 0 |  |  |
| 2020-03 | 0 |  |  |
| 2020-06 | 1 | capital falling |  |
| 2020-09 | 1 |  |  |
| 2020-12 | 1 |  |  |
| 2021-03 | 0 |  | capital falling |
| 2021-06 | 0 |  |  |
| 2021-09 | 0 |  |  |
| 2021-12 | 0 |  |  |
| 2022-03 | 0 |  |  |
| 2022-06 | 0 |  |  |
| 2022-09 | 0 |  |  |
| 2022-12 | 0 |  |  |
| 2023-03 | 0 |  |  |
| 2023-06 | 0 |  |  |

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

- 2022-01-11 [Urban Spelunking: Harpole Building / former Merchants & Farmers State Bank - OnMilwaukee](https://news.google.com/rss/articles/CBMibEFVX3lxTE94eFZ3V1M3Y1hzMWZ0RXZTbm5LZW11bDlQVjYwSGJBN2JnZ1RsRGs3Z3RURktCR3BCVURYQnBFd3VqZDQzUmtQb2RmTjgxRjVzX1RtOVVTUmZMa2U4d3ZNaDdFLUJueVM0ZndsTA?oc=5) · OnMilwaukee
- 2023-06-20 [Forbes 2026 America's Best Banks In Each State List - Forbes](https://news.google.com/rss/articles/CBMiXkFVX3lxTE4xcm9keG1VQVdlREh4RG0tMFA2NktMQ1M4SjBicWxRTkJ3a0lOQTVqSXA0d1FkZ0RPOXQxWjFXYzg5SWhNNTBTU0Rqa0Vuekp2TzR5WnhXLTBwel9MdWc?oc=5) · Forbes
- 2023-09-06 [Farmers State Bank adding on in Angola - kpcnews.com](https://news.google.com/rss/articles/CBMikgFBVV95cUxOcGd2ZFoyNTBFTHJQQlA4TlplbVNBQnZBVHBBcC05RU5uc1M0cm5jbGNSSS01eGVxTHUzT3FsUDZFaHBuaFRiaGFKS0NBaWdzei1SSjZNd2t5eFppZ3RwYlpKTjlYZWdCWG15RC1PZ1hUWjhVQi1ybzdhRzdBRy03Z2xtY2tNMjhnNVlCclhZRjZpdw?oc=5) · kpcnews.com
- 2019-09-12 [Hundreds celebrate Farmers State Bank of Hamel; Medina based bank celebrates 100th birthday - hometownsource.com](https://news.google.com/rss/articles/CBMiqwJBVV95cUxOeVB3SWlETlE3X2dibV9tQnc5VlNfcUxQREZoOTFxNEc2M3VTV05qQm5uX2lFZFpPSTRrR24tWUtjZzR3dDFnTGFKVVRqcjFDaEtNRWZCbzl5Tkc4VWhNOWFnU2xaM1ZyMjNFU0VFb2U5bExDMW1rVnpXYUFUUUhTOWxmWWlKWTZKNXp4RmlaeDVrZ2VjUlhVcDA1NDl5RndRVk10eVc3RWg5ZGRMcDZHY0Y1QkxEMmdQUTVENkp6dmtubUE3UHF4SEsxdmphS2ljOE0xaHg5dHZhVGo3Y1k4OTMwblpkNFFHd18zMlVPRmtMWGtLTnA1WmxmTkMydllMWTlGc2Zydnp0ZG5MMzB0OXFBaHdXSl92ejlpSElESzBCZTB6SnRyNzJkUQ?oc=5) · hometownsource.com
- 2019-06-03 [Fremont bank robbed at gunpoint - nbc26.com](https://news.google.com/rss/articles/CBMieEFVX3lxTE5mLVQ1bGZMeVFMWDJTa3JxVVd4SzQ5UnFVNnltWkx4eFgzZWlQMFpZSS1DN3AyTXNoZlAtd2tXbUVVX25HLWxaOHFNVEVVUlByTUhaX1pRZFp1cGJpX1FIelA0eWpxb19pUThGSVJiY1Vna3Q2a21BUQ?oc=5) · nbc26.com
- 2021-03-05 [Willard L. Ogren Obituary Mar 5, 2021 - Downs Life Celebration Center - Downs Life Celebration Center](https://news.google.com/rss/articles/CBMiXEFVX3lxTE12WnEtU2tXX0NQNTBpRU9PQUo1bFk1dGl4UjNwLTFrbndwWER6ZVpUNlprMFlMdjl5UFliVTkyTms0V01ROEtob3JiS01OYy0ybmZGZ2ZZWE1IOWZv?oc=5) · Downs Life Celebration Center
- 2016-11-07 [Farmers State Bank welcomes new staff - Albert Lea Tribune](https://news.google.com/rss/articles/CBMiigFBVV95cUxNbWxXU3BSTnlsUF9sdnhPa1pSOWVMdmZDVWVXSlY2LU9od2QwVUJ0MG53eTNDMHpmY29wcFpXOXdlc3E4SzVVOHk3Y2hMdm1DVUlkR0dqZUwwWVk5YUFtZTZ2Tm96NlJMU0lPN3Z5YkFpMU0xaFA2VU8yQUk2SzY5alpGNE5RVF9vMlE?oc=5) · Albert Lea Tribune
- 2025-10-07 [Regional Banks, CUs: 3 Proven Strategies to Drive Growth - Resourceful Finance Pro](https://news.google.com/rss/articles/CBMifEFVX3lxTFAxR0V1c1lIRy1GXzQtSGNTNk9EM3N6NjM2M3FzT0p2b2hTUDc2aEw2NVR2Z0lUaDBUYXRTckJsanRGWXdsenQ1SnU3SEw3bldSSWhEcmNqLWdMMVNIM3R1Sks5a2FoZy0xTkpoUkVOaVJISDFDd01PR3IzM3I?oc=5) · Resourceful Finance Pro

## How to verify

- Page: https://getbookiq.com/bank-desk/#bank=15126 (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/22.json (key "15126", 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