# FIRST AMERICAN STATE BANK
OLDHAM, SD · FDIC certificate 15432 · asset band <$300M · latest filing 2018-09 · stopped filing (departed)

**Verdict on the desk:** this could be *funding-stretched*. Composite score 3 (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 | $88.4M | |
| Deposits | $72.8M | |
| Loans and leases | $71.9M | |
| Total equity | $13.6M | |
| Loans / deposits | 89.14% (p71 of band) | 78.40% |
| Liquid assets / assets | 21.63% (p32 of band) | |
| Uninsured deposits / deposits | 13.78% (p42 of band) | 15.34% |
| Brokered deposits | 0.00% | |
| Wholesale funding | 0.00% (p18 of band) | |
| FHLB advances / assets | 0.00% | |
| Tier 1 leverage | 15.89% (p86 of band) | 11.34% |
| Unrealized securities loss / equity | -2.31% (p58 of band) | -3.15% |
| AOCI / equity | -0.89% (p63 of band) | |
| ROA (annualized) | 1.06% (p53 of band) | 1.02% |
| Net interest margin | 11.92% (p100 of band) | 3.82% |
| Efficiency ratio | 49.94% (p8 of band) | |
| Noncurrent loans | 1.35% (p74 of band) | 0.57% |
| Net charge-offs (annualized) | 5.87% (p100 of band) | |
| Reserve coverage of noncurrent | 722.81% | |
| Real estate % of loans | 60% | |
| Construction % of loans | 31.54% (p65 of band) | |
| Auto loans | $131,000 (0.18% of loans; DQ 0.76%, NCO 0.00%) | |
| Loans to nondepository financials | $0 (0% of equity) (p48 of band) | |
| Deposits YoY | -9.8% | |
| Employees | 26 | |

## Flags firing in the latest filing

- **charge-offs p90** (`aq_nco`)
- **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 | 0 |  | reserve under noncurrent |
| 2011-12 | 0 |  |  |
| 2012-03 | 1 | capital falling |  |
| 2012-06 | 1 |  |  |
| 2012-09 | 1 | uninsured deposits leaving | capital falling |
| 2012-12 | 1 |  |  |
| 2013-03 | 4 | capital falling, losing money, expense ratio p90, NIM <2.5% | uninsured deposits leaving |
| 2013-06 | 3 | uninsured deposits leaving | capital falling, losing money |
| 2013-09 | 1 |  | expense ratio p90, uninsured deposits leaving |
| 2013-12 | 1 | AOCI drag >20% of equity | NIM <2.5% |
| 2014-03 | 0 |  | AOCI drag >20% of equity |
| 2014-06 | 2 | NIM <2.5%, deposits shrinking |  |
| 2014-09 | 3 | assets shrinking, uninsured deposits leaving | deposits shrinking |
| 2014-12 | 4 | expense ratio p90, deposits shrinking | assets shrinking |
| 2015-03 | 3 | losing money | uninsured deposits leaving, deposits shrinking |
| 2015-06 | 3 |  |  |
| 2015-09 | 3 |  |  |
| 2015-12 | 1 |  | NIM <2.5%, expense ratio p90 |
| 2016-03 | 5 | charge-offs p90, deposits shrinking, assets shrinking, uninsured deposits leaving |  |
| 2016-06 | 5 |  |  |
| 2016-09 | 4 |  | uninsured deposits leaving |
| 2016-12 | 1 |  | losing money, deposits shrinking, assets shrinking |
| 2017-03 | 1 |  |  |
| 2017-06 | 1 |  |  |
| 2017-09 | 1 |  |  |
| 2017-12 | 3 | deposits shrinking, assets shrinking |  |
| 2018-03 | 3 |  |  |
| 2018-06 | 3 |  |  |
| 2018-09 | 3 |  |  |

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

- 2026-02-18 [List Of Failed Banks: 2009-2026 - Bankrate](https://news.google.com/rss/articles/CBMiZEFVX3lxTFAtbi1TaWMteGEyOHdQbnlXd0tPRzM2WFJQZjdPdzViQTZFLVVHODJRTEdqRWhnMkxIOG5xMUVSWU5iNHZSbVpnQ2Z4TWdiMDVwN2NTdUNGd3dXZ2tGcGZ2VWVJRnM?oc=5) · Bankrate
- 2023-05-03 [Ramona Woman Sentenced for Grand Theft - South Dakota State News (.gov)](https://news.google.com/rss/articles/CBMikgFBVV95cUxOZTExU1diZXhiSXRBMTNySUo5WDNyay1TYWVRa1Q0VnZWcmgzVnd6U05wNk9NN3pwV2tQOXVPQUUxMlk4dGJBcjlFM3ctUXMxZjNsd2UzUUo4X0cweWlJWWdNRDhjTGNxc1piVmt6WFduZGNGRk9jM3otOFluZER0RmVyRVMwMWY5SXFHRHNlV1RkQQ?oc=5) · South Dakota State News (.gov)
- 2018-01-11 [Britney Kaufman hired to be Interim SDSU Extension 4-H animal projects coordinator - Tri-State Livestock News](https://news.google.com/rss/articles/CBMiqgFBVV95cUxNRkpqS0lqc09ac1hrTk1xemZSaS14dWNYblROVFNUb29Yc1kwWWtRbXBqWjM1dHNVS3ZFZlVqSTFPSEhvRFFmTVNIUVMzYkRkV3ctLWxYTGoxSTFmRE1vYnZEaUFBR2Y1em5SbUh2MjR4Tm1mNUpJMTV1TnZoWXJ6MGZBblA1eTFGSzZZSm5tNzNfU0xueDBxOEhBcnBDR3ZfY3JVTjdyUDkydw?oc=5) · Tri-State Livestock News
- 2023-05-03 [Ramona woman sentenced to 2 years for grand theft - KELOLAND.com](https://news.google.com/rss/articles/CBMilgFBVV95cUxPdkw5SGdPZ0ZrYzFHVllWRTlyZi1EQUFQNHh2NHpzOTNERmNqVldDWVJ4aU5GZDYxb1UyVWZYZ2hfZXdTMWlSS1VIWkFlZXl2czFsY2pWQk9WbWNmSjdublNYSC1BODR4OUdXRlhSRVZYb2dObERhb0RBX0dRZVl1V0ZiVlV3WkxQekF6eVlBLXpGMjZZRFHSAZsBQVVfeXFMT2pId3RCcW4yMFVreTdxTTRJQk41eUNyeU1VSXpTQ1k5Zk9DdWFjUVZHc2p1U1l3MFNoTjZuWHByTWZtZTJMZmhtNTZVVTNEZXNnM3JaaHRTR1lmblB6QVIzaFJFZ241WVoteWx5eDlSR0E3XzRnZHBWSHZvVDJ3SF9IN1BaYmhWb1ZNaHdYbzRhWEt2VHFXdTM2QnM?oc=5) · KELOLAND.com
- 2017-11-18 [Minnesota West breaks ground on Bluejay Villas - The Globe | Worthington, Minnesota](https://news.google.com/rss/articles/CBMif0FVX3lxTE5RSGNITnNwY3hXdFNMZmt5bi11V0hlNHIzWEhYczFhalIyZV96UlJZTGQtdFJHc0hwLUVtMTFuUUIyWEJfajdtTDNKSDBCeGU1Z3dnVjNhOFRQRWlPLW9WdXdJUW1fVnFyNl82MzNvY1NWSE5HZ21Zc1ZJaU11SzA?oc=5) · The Globe | Worthington, Minnesota
- 2018-08-04 [A complete nest: Bluejay Villas to welcome first-ever student residents Sunday - The Globe | Worthington, Minnesota](https://news.google.com/rss/articles/CBMiqAFBVV95cUxNZ1VXSG13ZGNHVnFuN1A0c3Q4ZkhrUVZYOEh0MXRFVk1QbDlySy15bUxGeFVpUHFMaWlhS29zZ0hjOVR4SmpjeEw5T1o3dzNrVkVnY05EQVNBZXFmWjA3VmZmNXNUQ0c0d2tWWi0yOWdsX3pGYW9FRlZoZXU0aWtvS05UME1YUTNCcEk4V29zSm02ZTBZbVNsSWFFLWRoams1a1hhSzZPY0I?oc=5) · The Globe | Worthington, Minnesota

## How to verify

- Page: https://getbookiq.com/bank-desk/#bank=15432 (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/8.json (key "15432", 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