# MARKESAN STATE BANK
MARKESAN, WI · FDIC certificate 1517 · asset band <$300M · latest filing 2019-09 · stopped filing (departed)

**Verdict on the desk:** this could be *credit-stressed*. Composite score 9 (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 | $110.5M | |
| Deposits | $102.5M | |
| Loans and leases | $72.4M | |
| Total equity | $5.7M | |
| Loans / deposits | 70.11% (p37 of band) | 77.79% |
| Liquid assets / assets | 29.15% (p49 of band) | |
| Uninsured deposits / deposits | 4.14% (p6 of band) | 15.94% |
| Brokered deposits | 0.89% | |
| Wholesale funding | 2.40% (p57 of band) | |
| FHLB advances / assets | 1.51% | |
| Tier 1 leverage | 4.30% (p0 of band) | 11.56% |
| Unrealized securities loss / equity | 0.26% (p34 of band) | 0.80% |
| AOCI / equity | 0.68% (p27 of band) | |
| ROA (annualized) | -0.37% (p4 of band) | 1.05% |
| Net interest margin | 1.24% (p1 of band) | 3.84% |
| Efficiency ratio | 88.34% (p90 of band) | |
| Noncurrent loans | 24.20% (p100 of band) | 0.56% |
| Net charge-offs (annualized) | -0.01% (p13 of band) | |
| Reserve coverage of noncurrent | 2.68% | |
| Real estate % of loans | 80% | |
| Construction % of loans | 21.77% (p57 of band) | |
| Auto loans | $492,000 (0.68% of loans; DQ 1.83%, NCO 0.00%) | |
| Loans to nondepository financials | $0 (0% of equity) (p48 of band) | |
| Deposits YoY | -10.2% | |
| Employees | 30 | |

## Flags firing in the latest filing

- **leverage <7%** (`cap_low`)
- **leverage <5%** (`cap_critical`)
- **losing money** (`earn_negative`)
- **NIM <2.5%** (`earn_nim`)
- **noncurrent p90** (`aq_noncurrent`)
- **reserve under noncurrent** (`aq_reserve`)
- **deposits shrinking** (`shrink_deposits`)
- **assets shrinking** (`shrink_assets`)

## 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 | 2 | capital falling |  |
| 2012-03 | 1 |  | capital falling |
| 2012-06 | 0 |  | reserve under noncurrent |
| 2012-09 | 2 | capital falling, reserve under noncurrent |  |
| 2012-12 | 2 |  |  |
| 2013-03 | 2 |  |  |
| 2013-06 | 1 |  | capital falling |
| 2013-09 | 1 |  |  |
| 2013-12 | 1 |  |  |
| 2014-03 | 1 |  |  |
| 2014-06 | 2 | charge-offs p90 |  |
| 2014-09 | 2 |  |  |
| 2014-12 | 3 | capital falling |  |
| 2015-03 | 2 |  | capital falling |
| 2015-06 | 2 |  |  |
| 2015-09 | 3 | noncurrent p90 |  |
| 2015-12 | 3 |  |  |
| 2016-03 | 3 |  |  |
| 2016-06 | 3 |  |  |
| 2016-09 | 6 | loans exceed deposits, capital falling, uninsured deposits leaving |  |
| 2016-12 | 6 | losing money | loans exceed deposits |
| 2017-03 | 4 |  | capital falling, losing money |
| 2017-06 | 6 | losing money, assets shrinking |  |
| 2017-09 | 4 |  | uninsured deposits leaving, losing money |
| 2017-12 | 6 | losing money, expense ratio p90 |  |
| 2018-03 | 7 | deposits shrinking, uninsured deposits leaving | charge-offs p90 |
| 2018-06 | 6 |  | uninsured deposits leaving |
| 2018-09 | 8 | capital falling, uninsured deposits leaving |  |
| 2018-12 | 9 | charge-offs p90 |  |
| 2019-03 | 6 |  | losing money, expense ratio p90, capital falling |
| 2019-06 | 7 | losing money |  |
| 2019-09 | 9 | leverage <7%, leverage <5%, NIM <2.5% | uninsured deposits leaving, charge-offs p90 |

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

- 2019-02-27 [Horicon Bank To Acquire Markesan State Bank - Daily Dodge](https://news.google.com/rss/articles/CBMidkFVX3lxTE1ONUpWOXJQeHNZb3pWenNNTk5JakZOU1A2UUlxaEh3X0IxallwRDBoXzJRdlNtcVUza0JsTkMyOUVmY0lwNW9rdGRfQVFhUmdFR0ZUT3pxR2tGZVZRY3M5bUpERWI5QmJUNXRqZDFvd05tMXVkdEE?oc=5) · Daily Dodge
- 2019-02-27 [Horicon Bank plans to acquire Markesan State Bank, which has troubled farm loans - Milwaukee Journal Sentinel](https://news.google.com/rss/articles/CBMixgFBVV95cUxOcDlrSWVJUjBoVThnVlFZeTFBVklSSnRrTlBPcGtNSGMxeTVaMzFQaGlTUzk3TjctOEJpYlFHYzhVOXNOOGRSbmZUeHo2VnpZS1V3VjJydzMyYVlmTUs3b2k5TmVIbkZldnNKQzNGNWpWc1BYVDA4WEc3a2M0N3BRM2sxSnlrTFltTUVfLTh6cUdmTVE4cVdSQkRfMlNTOWpCcDFyZk5ibmlQOEZlRzdnMWFvYlZJY25CMzBEMnZVRVJ4MUZIQVE?oc=5) · Milwaukee Journal Sentinel
- 2021-02-10 [Debra Lins new First National Bank President and CEO - Discover Muscatine](https://news.google.com/rss/articles/CBMiiwFBVV95cUxQQXo0a0U4UzA3MjZlQ0RtQ0EtaXh5cHhvYlVYWWRFQnAtTi1ZSXROelhCZVYwbktNZXZWcHhCQ3RzY0Ftd2d6RlAwUVNQUXIxRzZXazNRUk96cTV4UjNldGQtMUpnbjN3bEpvcmlLNVV2cnVTZGZOam1maG90YTVzREpLQmUyN2xLWkQ4?oc=5) · Discover Muscatine
- 2021-09-29 [Martin E. Kirst Obituary Sep 29, 2021 - Werner Harmsen Funeral Home](https://news.google.com/rss/articles/CBMidEFVX3lxTFBxbm1zSy0wS0VWRU5Bc3JPVVdSM2Vqa0VQd2ZobGduTWdDakRmcl9UY1ZNZlVMcTVaZk95TkNwR1VXOUk3NGxHUGtuYlpUSi1IMjVKTFRMSXdUQVdROEt3M1R3eG54T1d0TDNvaTRhWlhzV3lH?oc=5) · Werner Harmsen Funeral Home
- 2014-08-18 [Stand Alone Photos: August 20 - fdlreporter.com](https://news.google.com/rss/articles/CBMizwFBVV95cUxPRUZJRzZyNEVFU2hydmVJNWhkZXk2eTlXTlRRNWNJTjV4eWozZ1BRSFA0Qldfa01NbDZOZGtCMXEwRHNLRlRQejF0X3dyYlJUQ0I5UGV0R3BGaTRWYXhYOVUydzdCeXhKcWtvQVlLeHBrelM2TnhYMmprejlIUjlfX243QWxGSkl3VHh0NEIwZFBuVmEwblJTM1pmWEo4N2JKVlZwdjdMMFRhMW9LcVh3VEtfNHpZSmxNMm8zaXU1X25iRnRzOEJDNVN1cXM5LVE?oc=5) · fdlreporter.com
- 2010-08-05 [Cross Country: At this family farm, a love of dairy farming and lots of Brown Swiss cows - The Capital Times](https://news.google.com/rss/articles/CBMi_gFBVV95cUxPdzZFa1F4MjE1bWx3cVdTM2tJa3V2UlJLdzVFZExhMHF6MHllR3dINzVnSlIyNDRoNXNQay0xdGhwamlJUVR0ckNGQnJWREdBaGk4SmZUVnloN21ESVZGb2laQ0J2NmlPTWVfQWMta2U2c1lXVHJlYjJhYUNwTThNTFJOQUZwUW5MTWZCcDQ1MHBUMHFJbjUtN1cwTmltYjVyeWZqckt5TDJETWJ6LTlhZ2NJam84YXlkbGpVZ1dURUN2YXZPTU1KSzh1NmdRTkNHOU82RWpTcmY4eUI1dWdVVDdnb3VmVGlGTE0zTjUzaHpTXzVlRndaWTFqX3V5dw?oc=5) · The Capital Times
- 2009-07-24 [Lewis F. "Bud" Bauer Obituary Jul 24, 2009 - Werner Harmsen Funeral Home](https://news.google.com/rss/articles/CBMieEFVX3lxTFBuQnE0Zy1ZYkNEalRkU1JkT3hpZ1g0WDJPY2p5WDByemZHRk5qYmozcVFnMlptQ19IOHc4TjNjR1ZmY3Q5X3htdWh1SDVRSTdDUm1xbEpqT2xvb1dDYWx1ZEY1bG43QkhjTzhnM2NqZGw2SF91NWZyZQ?oc=5) · Werner Harmsen Funeral Home
- 2019-02-27 [VIDEO | The 2019 Mother Cabrini award winner is……. - Washington County Insider](https://news.google.com/rss/articles/CBMihAFBVV95cUxQbnRSNHB3dVQ2ZVRNbldlLUdDYTZ6OEpBS21LekVrQTRzS0hGSEZEa3RZcW1DZXY2cmFwVU9lQXVFdHEweTNfZWRLZXowbGp1endJd1dHUnJaVDhRcjk5UlhGYWIxbmFzWVMtTVYyN1RObUtzSm5TNHRXWXkyeXpPd1h2ZzU?oc=5) · Washington County Insider

## How to verify

- Page: https://getbookiq.com/bank-desk/#bank=1517 (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/45.json (key "1517", 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