# STATE BANK OF WAPELLO
WAPELLO, IA · FDIC certificate 15308 · asset band <$300M · latest filing 2022-09 · stopped filing (departed)

**Verdict on the desk:** this could be *liquidity-rich*. Composite score 1 (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 | $43.8M | |
| Deposits | $38.8M | |
| Loans and leases | $12.3M | |
| Total equity | $5.0M | |
| Loans / deposits | 31.58% (p10 of band) | 63.45% |
| Liquid assets / assets | 70.54% (p93 of band) | |
| Uninsured deposits / deposits | 22.98% (p59 of band) | 20.44% |
| Brokered deposits | 0.00% | |
| Wholesale funding | 0.00% (p23 of band) | |
| FHLB advances / assets | 0.00% | |
| Tier 1 leverage | 13.25% (p75 of band) | 10.74% |
| Unrealized securities loss / equity | -17.22% (p62 of band) | -26.93% |
| AOCI / equity | -17.78% (p51 of band) | |
| ROA (annualized) | 0.89% (p50 of band) | 0.89% |
| Net interest margin | 2.21% (p9 of band) | 3.22% |
| Efficiency ratio | 64.69% (p36 of band) | |
| Noncurrent loans | 0.00% (p12 of band) | 0.22% |
| Net charge-offs (annualized) | 0.00% (p64 of band) | |
| Reserve coverage of noncurrent | – | |
| Real estate % of loans | 58% | |
| Construction % of loans | 9.67% (p35 of band) | |
| Auto loans | $1.8M (14.46% of loans; DQ 3.71%, NCO 0.00%) | |
| Loans to nondepository financials | $0 (0% of equity) (p48 of band) | |
| Deposits YoY | 3.1% | |
| Employees | 7 | |

## Flags firing in the latest filing

- **NIM <2.5%** (`earn_nim`)

## 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 | 1 |  |  |
| 2012-06 | 1 |  |  |
| 2012-09 | 1 |  |  |
| 2012-12 | 1 |  |  |
| 2013-03 | 2 | NIM <2.5% |  |
| 2013-06 | 1 |  | reserve under noncurrent |
| 2013-09 | 2 | reserve under noncurrent |  |
| 2013-12 | 2 |  |  |
| 2014-03 | 1 |  | reserve under noncurrent |
| 2014-06 | 1 |  |  |
| 2014-09 | 2 | capital falling |  |
| 2014-12 | 2 | reserve under noncurrent | capital falling |
| 2015-03 | 2 |  |  |
| 2015-06 | 6 | capital falling, deposits shrinking, assets shrinking, uninsured deposits leaving |  |
| 2015-09 | 3 |  | reserve under noncurrent, capital falling, uninsured deposits leaving |
| 2015-12 | 4 | uninsured deposits leaving |  |
| 2016-03 | 3 |  | uninsured deposits leaving |
| 2016-06 | 1 |  | deposits shrinking, assets shrinking |
| 2016-09 | 2 | capital falling |  |
| 2016-12 | 1 |  | capital falling |
| 2017-03 | 0 |  | NIM <2.5% |
| 2017-06 | 3 | deposits shrinking, assets shrinking, uninsured deposits leaving |  |
| 2017-09 | 3 |  |  |
| 2017-12 | 1 | reserve under noncurrent | deposits shrinking, assets shrinking, uninsured deposits leaving |
| 2018-03 | 1 |  |  |
| 2018-06 | 1 |  |  |
| 2018-09 | 3 | deposits shrinking, uninsured deposits leaving |  |
| 2018-12 | 1 |  | deposits shrinking, uninsured deposits leaving |
| 2019-03 | 0 |  | reserve under noncurrent |
| 2019-06 | 1 | uninsured deposits leaving |  |
| 2019-09 | 0 |  | uninsured deposits leaving |
| 2019-12 | 0 |  |  |
| 2020-03 | 2 | capital falling, uninsured deposits leaving |  |
| 2020-06 | 1 |  | uninsured deposits leaving |
| 2020-09 | 0 |  | capital falling |
| 2020-12 | 0 |  |  |
| 2021-03 | 0 |  |  |
| 2021-06 | 0 |  |  |
| 2021-09 | 0 |  |  |
| 2021-12 | 0 |  |  |
| 2022-03 | 2 | capital falling, NIM <2.5% |  |
| 2022-06 | 2 |  |  |
| 2022-09 | 1 |  | capital falling |

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

- 2021-04-22 [Thomas Reichley Hicklin Obituary April 22, 2021 - Caldwell Parrish Funeral Home & Crematory](https://news.google.com/rss/articles/CBMidEFVX3lxTE1FczlGR3ZPdXFLX3VnaEVkNGxYeXROTF84NlJuanB3ZjJFX0FMeHgzRlp4RHhldkprc3NrQTY2dE8yMVlnRWdidktmY2EzWFYyS2Z0NWNtUkVhUV84cXNyU2JleWtCM1FpS252R3BQMVBRRHVM?oc=5) · Caldwell Parrish Funeral Home &amp; Crematory
- 2009-01-25 [Obituary for LeRoy C. Darby - Leonard-Muller Funeral Home & Crematory](https://news.google.com/rss/articles/CBMiY0FVX3lxTE00andLRGJNOHNIYi00TC1Rdm9BSkswQy1kTWwtOEVHMlRacWs0QXNpYjJWLXJZVnFpdnNLb05vc05aWHAtdmxkT3pXekFoM1Jpa01jS2JJQW5kVkpnV3pKd3JYbw?oc=5) · Leonard-Muller Funeral Home &amp; Crematory
- 2020-06-12 [Emails Reveal Chaos as Meatpacking Companies Fought Health Agencies Over COVID-19 Outbreaks in Their Plants - propublica.org](https://news.google.com/rss/articles/CBMi2gFBVV95cUxNVW5FRXZjUjJJeWdlOXBIbWtKc2tPX3lfVVk1VkhtcGdNMDZjUVNYeDZzWFk0ZkozSU1KS2VlbzcxV3V0cGVWTVhMUnVqZk01NFhMeVUzeGJhYW1TbXJrdzlxUHdVX3N1Nk1tRldpYjhVMkx0dUh3OXJoOXJzTDRRUFJ6WDVvbVprbDJqZkxpVmo2bXV3R3ZkQTF3cG5TeDJfYy04dmNzbUE3ZnA1bnBkSlRCRGtQYWdpaW5uUDlsLXNha0RVLXJ1bUI2dGZYbkp4QVVCLV8zZ3RIdw?oc=5) · propublica.org
- 2024-09-01 [Obituary for Harlan Hayes - sandhfuneralservice.com](https://news.google.com/rss/articles/CBMiaEFVX3lxTFBKSHcxMUtPYnNRRUZqSWNIQkozY1drV09GQXdSMjFfS3BBN3JUXzF2ZkRJelc5WE4tNFJrVG1kTEh3WlpEOC1WSVExNTgyX00tVGllMU5McWx6MkVGc1Z6ZW1jeDJ1WWFy?oc=5) · sandhfuneralservice.com

## How to verify

- Page: https://getbookiq.com/bank-desk/#bank=15308 (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/12.json (key "15308", 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