# KASSON STATE BANK
KASSON, MN · FDIC certificate 15329 · asset band <$300M · latest filing 2015-06 · stopped filing (departed)

**Verdict on the desk:** this could be *funding-stretched*. Composite score 4 (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 | $55.0M | |
| Deposits | $49.9M | |
| Loans and leases | $26.9M | |
| Total equity | $5.1M | |
| Loans / deposits | 52.91% (p21 of band) | 72.67% |
| Liquid assets / assets | 48.26% (p76 of band) | |
| Uninsured deposits / deposits | 5.10% (p12 of band) | 13.36% |
| Brokered deposits | 0.00% | |
| Wholesale funding | 0.00% (p17 of band) | |
| FHLB advances / assets | 0.00% | |
| Tier 1 leverage | 9.06% (p22 of band) | 10.53% |
| Unrealized securities loss / equity | -1.60% (p14 of band) | 0.18% |
| AOCI / equity | -0.36% (p42 of band) | |
| ROA (annualized) | 0.30% (p16 of band) | 0.82% |
| Net interest margin | 3.12% (p23 of band) | 3.60% |
| Efficiency ratio | 92.80% (p88 of band) | |
| Noncurrent loans | 0.15% (p24 of band) | 0.74% |
| Net charge-offs (annualized) | 0.31% (p92 of band) | |
| Reserve coverage of noncurrent | 1260.00% | |
| Real estate % of loans | 58% | |
| Construction % of loans | 10.79% (p42 of band) | |
| Auto loans | $1.9M (7.11% of loans; DQ 0.00%, NCO 0.00%) | |
| Loans to nondepository financials | $0 (0% of equity) (p48 of band) | |
| Deposits YoY | -8.3% | |
| Employees | 19 | |

## Flags firing in the latest filing

- **charge-offs p90** (`aq_nco`)
- **deposits shrinking** (`shrink_deposits`)
- **assets shrinking** (`shrink_assets`)
- **uninsured deposits leaving** (`flight_uninsured`)

## Warning timeline

| Quarter | Score | Flags that first fired | Flags that cleared |
|---|---|---|---|
| 2011-03 | 0 |  |  |
| 2011-06 | 0 |  |  |
| 2011-09 | 1 | reserve under noncurrent |  |
| 2011-12 | 1 |  |  |
| 2012-03 | 1 | deposits shrinking | reserve under noncurrent |
| 2012-06 | 0 |  | deposits shrinking |
| 2012-09 | 1 | capital falling |  |
| 2012-12 | 1 |  |  |
| 2013-03 | 1 | charge-offs p90 | capital falling |
| 2013-06 | 2 | losing money, reserve under noncurrent | charge-offs p90 |
| 2013-09 | 0 |  | losing money, reserve under noncurrent |
| 2013-12 | 3 | reserve under noncurrent, deposits shrinking, assets shrinking |  |
| 2014-03 | 2 | capital falling | deposits shrinking, assets shrinking |
| 2014-06 | 3 | losing money, charge-offs p90 | reserve under noncurrent |
| 2014-09 | 5 | reserve under noncurrent, deposits shrinking, assets shrinking | capital falling |
| 2014-12 | 3 | noncurrent p90 | losing money, deposits shrinking, assets shrinking |
| 2015-03 | 8 | losing money, expense ratio p90, deposits shrinking, assets shrinking, uninsured deposits leaving |  |
| 2015-06 | 4 |  | reserve under noncurrent, noncurrent p90, losing money, expense ratio p90 |

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

- 2015-04-03 [Heard on the Street: Home Federal to purchase Kasson State Bank - Post Bulletin](https://news.google.com/rss/articles/CBMinwFBVV95cUxPUkdxT1pEU2x3NURhZ2o4NjEzU3NzNHZBTnQtMzQ4X0xUXy1Ud1B4VE1obHRlRTREdUtMR3l2b2haV29OQ2FjbWlmZUZCNjNSMEVVTWU2c0JaQkVSUU9QTEtrNmpmRDcydzljRDB4NE1tVUdkS25MdWxWNWloS1g1ZkYzOE9OXzFrajhRakNPREZUZlFQSS1CTWl5Q21BU00?oc=5) · Post Bulletin
- 2026-05-14 [Charles “Chuck” Glarner Obituary Jan 14, 2024 - Macken Funeral Home & Cremation Services](https://news.google.com/rss/articles/CBMibEFVX3lxTE8zemVFN1BXU3MwQjJZWDdQMm5FLVg3MWtTUXQtc0ktMGU3aGJGR0VJT3RSMl9aMEE2alVBb2tlQThwN3VvM3RlaDdfZ0ZYNjZaa0xocjNaNlZ4b1RvWUF3VEVlTXFrSW1hMzh2ag?oc=5) · Macken Funeral Home &amp; Cremation Services
- 2015-11-21 [Home Federal acquires another branch - Post Bulletin](https://news.google.com/rss/articles/CBMif0FVX3lxTE01Sk0xdHU1d3FSaWF5TVZ6dDd1WUtveWpyTjRmdnBLT0p3bzVScHhrQUlBQkFFaTI2eWRBeU9vS051bWh3UWNjTnNweEpPbVZPWE10cHpxZGhfalZ4UndxQTBhYkpyNTY4N3FsRm50VjZqNWRicklDcVFxVDViZUU?oc=5) · Post Bulletin

## How to verify

- Page: https://getbookiq.com/bank-desk/#bank=15329 (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/33.json (key "15329", 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