# STATE BANK
GRESHAM, WI · FDIC certificate 15186 · asset band <$300M · latest filing 2019-09 · stopped filing (departed)

**Verdict on the desk:** this could be *credit-stressed*. Composite score 5 (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 | $27.5M | |
| Deposits | $24.4M | |
| Loans and leases | $15.0M | |
| Total equity | $3.0M | |
| Loans / deposits | 60.81% (p24 of band) | 77.79% |
| Liquid assets / assets | 36.11% (p64 of band) | |
| Uninsured deposits / deposits | 3.46% (p4 of band) | 15.94% |
| Brokered deposits | 0.91% | |
| Wholesale funding | 0.91% (p48 of band) | |
| FHLB advances / assets | 0.00% | |
| Tier 1 leverage | 8.40% (p5 of band) | 11.56% |
| Unrealized securities loss / equity | 0.00% (p17 of band) | 0.80% |
| AOCI / equity | 0.00% (p7 of band) | |
| ROA (annualized) | -1.66% (p2 of band) | 1.05% |
| Net interest margin | 3.23% (p19 of band) | 3.84% |
| Efficiency ratio | 142.69% (p99 of band) | |
| Noncurrent loans | 0.41% (p43 of band) | 0.56% |
| Net charge-offs (annualized) | 0.66% (p97 of band) | |
| Reserve coverage of noncurrent | 204.84% | |
| Real estate % of loans | 65% | |
| Construction % of loans | 4.57% (p28 of band) | |
| Auto loans | $772,000 (5.16% of loans; DQ 1.94%, NCO 0.00%) | |
| Loans to nondepository financials | $0 (0% of equity) (p48 of band) | |
| Deposits YoY | 0.6% | |
| Employees | 9 | |

## Flags firing in the latest filing

- **capital falling** (`cap_falling`)
- **losing money** (`earn_negative`)
- **expense ratio p90** (`earn_efficiency`)
- **charge-offs p90** (`aq_nco`)
- **uninsured deposits leaving** (`flight_uninsured`)

## Warning timeline

| Quarter | Score | Flags that first fired | Flags that cleared |
|---|---|---|---|
| 2011-03 | 0 |  |  |
| 2011-06 | 1 | reserve under noncurrent |  |
| 2011-09 | 0 |  | reserve under noncurrent |
| 2011-12 | 0 |  |  |
| 2012-03 | 0 |  |  |
| 2012-06 | 1 | uninsured deposits leaving |  |
| 2012-09 | 1 |  |  |
| 2012-12 | 0 |  | uninsured deposits leaving |
| 2013-03 | 0 |  |  |
| 2013-06 | 0 |  |  |
| 2013-09 | 0 |  |  |
| 2013-12 | 0 |  |  |
| 2014-03 | 0 |  |  |
| 2014-06 | 3 | deposits shrinking, assets shrinking, uninsured deposits leaving |  |
| 2014-09 | 0 |  | deposits shrinking, assets shrinking, uninsured deposits leaving |
| 2014-12 | 2 | deposits shrinking, uninsured deposits leaving |  |
| 2015-03 | 0 |  | deposits shrinking, uninsured deposits leaving |
| 2015-06 | 1 | capital falling |  |
| 2015-09 | 0 |  | capital falling |
| 2015-12 | 0 |  |  |
| 2016-03 | 2 | capital falling, NIM <2.5% |  |
| 2016-06 | 2 | assets shrinking | capital falling |
| 2016-09 | 3 | reserve under noncurrent, deposits shrinking | NIM <2.5% |
| 2016-12 | 2 | brokered >10% | assets shrinking, deposits shrinking |
| 2017-03 | 4 | capital falling, charge-offs p90 |  |
| 2017-06 | 1 |  | brokered >10%, capital falling, charge-offs p90 |
| 2017-09 | 1 |  |  |
| 2017-12 | 2 | capital falling |  |
| 2018-03 | 4 | losing money, expense ratio p90 |  |
| 2018-06 | 2 |  | reserve under noncurrent, capital falling |
| 2018-09 | 2 |  |  |
| 2018-12 | 3 | reserve under noncurrent |  |
| 2019-03 | 3 |  |  |
| 2019-06 | 5 | capital falling, charge-offs p90, uninsured deposits leaving | reserve under noncurrent |
| 2019-09 | 5 |  |  |

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

- 2026-05-20 [Bank First Corp. signs agreement to acquire Peoples State Bank’s parent company - Wausau Pilot & Review](https://news.google.com/rss/articles/CBMivwFBVV95cUxOeHRXOFp2TlJYUDVta0dCa3BKLXI3VFlVM1FRaGJvYTdWczVFZ1FkQklHTUdLaDgySW5IZkJaZ2QzRkUyUTdjeTZpMm80cjJlVzBkVHhTNzZJd0NDTVFYVFFDZERNM0tmWE0yc1VvN0RpV0s4VXgyR1YtRHQwZll0UkxtVFlYV2liYVBlaEFmeFoxeU5LcDROMU80cmw0RmNyVGxHSXdiOFlDTHctU253NUNPd1BFOXUtckk2UHd1MA?oc=5) · Wausau Pilot &amp; Review
- 2026-05-19 [Bank First Corporation Signs Agreement to Acquire PSB Holdings, Inc. - PR Newswire](https://news.google.com/rss/articles/CBMivwFBVV95cUxOeG1jR1dOeXozZUNVc21Bcm1IaEZYTnBRZVEwTDExMklwZGxvRDNLUlhiUURrOUFQRGdXU0JzdEJmLUIydS1kOTJUTWM2amxEUFRXcnFvM0h3UTBCaHhJV0VzcjFkOGpUcUxEUy1OR3hxN1JjZnFMeE5jTkJfSFJjc1NFV3R1bElxbzNXNDFRWHRfcjJMOUNYcU5tUjhvOWVvQkhvMG00N3hKMlB6YXhLbU9Ba0RUbVJRZEdwMTVFZw?oc=5) · PR Newswire
- 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
- 2026-05-22 [Bank First to acquire Peoples State Bank in $202.9 million deal - Herald Times Reporter](https://news.google.com/rss/articles/CBMitwFBVV95cUxNdmljNVd0dnRSY1FvMV9fUExpd05EbkZkTjlwVFVzYUFXY2wxc1hlZVlhUmozRmRtRTlTTkk4Nzh2cUE4Wkh1VGVQS29fcUwzMngtVzRfNnY1MGVKQUZXSVd3VTJwVDVZOHJmZjNkRWxGYTJqc3ZCaHZOZmhXY0xTdGl2Q2dhcjRWVzZ3UUE1Z0VmUG9mLWc4VDBiRE55dm5QUGF4Ni1IaDRyMlFGVy1fNzNwT21QWW8?oc=5) · Herald Times Reporter
- 2026-05-20 [Bank First Announces Merger with Peoples State Bank - Seehafer News](https://news.google.com/rss/articles/CBMilwFBVV95cUxPOUd1UnNUenFrRG9tVFNRYk5NajFYaFBKaDZyTDc2QnRQVmdSU1FIZjZDczhBUGpsTjBaaUlQaTZucERYWUk3dEpIbXJKak9UYW02SlVaMVQxNmltbk95SE9FVExnTmk4dzJFcGNDOUZpRGExVFdYTEhUeVU3V29mb0JaNE0tMG00VXJUTTJyQkVJWDl0X0p3?oc=5) · Seehafer News
- 2026-05-27 [Bank First eyes Waukesha County market with $202.9M acquisition pending - The Business Journals](https://news.google.com/rss/articles/CBMioAFBVV95cUxQbG1oRy1ibEpVVGxmbFk0cU4xU3NZM0t6TWV3eTdYYk9kZ2VsejNydTRYYUVTN0JWbE42WnhNcWFUejgwaTlPU21SaC1LbXd6Y192RnFHVWRkV1BWWXI2SzZ2YjBka1Zha29mU2ZMc3ltMGdmV0RDVlV0X2M1N085RFNhZlVVZmktSjdRcC1CTnU3eFQ3d242a05ob1lvM1Zz?oc=5) · The Business Journals
- 2026-05-21 [Bank First: $202.9 Million Acquisition Of PSB Holdings Expands Wisconsin Footprint - Pulse 2.0](https://news.google.com/rss/articles/CBMiogFBVV95cUxNTHFINWZhRHhzXzBzY3pmNkdOeGV0d0pMMm05SGdSWGdMU01yOU9pcWx5Q2RJMUYtU2tSaTUwMTBLQ0lTZHRZelRfZmdDNTBWc3BLY3RPMlNjSG82WlJqNDQ2MzlqZzEwOWNhMGljcEVBdnJHLVJaSFE0YVdKcVBNbEpqdV95N2JEYmpqeVVSakF0cUd3dVhsUGo1TnRPRTZ4ZEHSAacBQVVfeXFMTkFVQ0lxNjUxZmoya011cWZYMWxVS09fU1RtVHdVX05ZN0NpSVNVTHczVEdCT2hBcmNFYVNqR0dUOGJ6YjhnYzYwMks4NzJWWlBKblRIblJtUU5xWHY4VmhjS0ZqbVExenhnZEY0YVhuMnFHUzhVSmRKeVBJZFZjNUFHeDV3ZzNkeWljUnV6SWRfSmpUVllTZk9NUUdpZGVNS1NsLVkwQzg?oc=5) · Pulse 2.0
- 2026-04-22 [Charges filed in Cornell bank robbery at Citizens State Bank - WEAU](https://news.google.com/rss/articles/CBMikAFBVV95cUxQcHpSaktuakltTU9Va2JETEVZa0tla21SQTZWT1NORUhReDNyc05mRk5adzh6bHFiMGVkNGhBZHJmZ19OX2wxM0RjYlZ5NktDaFdydUhTdGR5UldZQ1U5bXR5Vk9EZS1raDVaRWhiMWNOcmVaenpESU95SWpsMHRIY0ZNaUE5TGlfY2RickkwaDTSAaQBQVVfeXFMTkpDZktGUTBibXl0TkljcVFtcUdFcGdCaHJGZXh4TE5CYnJmYjJ4WTJRT09lUXhkSEN1djZKN0JvNHBxU201bDZmRnlyYjNPbG5IRUN5QUFZQmZsekRnQ2stdGpvSkZDSlhGblRhQlA1Y0NyX0dDX2xBNFFJYUg2Mjk1eHpmXzFUTWpCTTR2TUw1TExISllTRDZmd1VKQ2xvMXBES00?oc=5) · WEAU

## How to verify

- Page: https://getbookiq.com/bank-desk/#bank=15186 (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/18.json (key "15186", 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