# FIRST STATE BANK OF CANDO
CANDO, ND · FDIC certificate 15471 · asset band <$300M · latest filing 2026-03 · stopped filing (departed)

**Verdict on the desk:** this could be *run candidate*. 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 | $73.8M | |
| Deposits | $67.3M | |
| Loans and leases | $26.0M | |
| Total equity | $6.0M | |
| Loans / deposits | 38.16% (p11 of band) | 72.28% |
| Liquid assets / assets | 63.86% (p90 of band) | |
| Uninsured deposits / deposits | 18.45% (p47 of band) | 19.31% |
| Brokered deposits | 0.00% | |
| Wholesale funding | 0.00% (p24 of band) | |
| FHLB advances / assets | 0.00% | |
| Tier 1 leverage | 11.36% (p47 of band) | 11.62% |
| Unrealized securities loss / equity | -44.01% (p8 of band) | -7.15% |
| AOCI / equity | -8.36% (p1 of band) | |
| ROA (annualized) | 0.97% (p42 of band) | 1.12% |
| Net interest margin | 3.20% (p19 of band) | 3.86% |
| Efficiency ratio | 68.33% (p55 of band) | |
| Noncurrent loans | 0.00% (p12 of band) | 0.34% |
| Net charge-offs (annualized) | -0.01% (p15 of band) | |
| Reserve coverage of noncurrent | – | |
| Real estate % of loans | 40% | |
| Construction % of loans | 23.08% (p56 of band) | |
| Auto loans | $774,000 (2.98% of loans; DQ 2.97%, NCO 0.00%) | |
| Loans to nondepository financials | $0 (0% of equity) (p48 of band) | |
| Deposits YoY | -4.7% | |
| Employees | 8 | |

## Flags firing in the latest filing

- **securities losses >30% of equity** (`cap_secloss`)

## 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 | 2 | uninsured deposits leaving |  |
| 2013-03 | 1 |  | uninsured deposits leaving |
| 2013-06 | 1 |  |  |
| 2013-09 | 0 |  | reserve under noncurrent |
| 2013-12 | 0 |  |  |
| 2014-03 | 1 | uninsured deposits leaving |  |
| 2014-06 | 1 |  |  |
| 2014-09 | 2 | deposits shrinking |  |
| 2014-12 | 3 | capital falling |  |
| 2015-03 | 0 |  | uninsured deposits leaving, deposits shrinking, capital falling |
| 2015-06 | 0 |  |  |
| 2015-09 | 0 |  |  |
| 2015-12 | 0 |  |  |
| 2016-03 | 1 | uninsured deposits leaving |  |
| 2016-06 | 1 | reserve under noncurrent | uninsured deposits leaving |
| 2016-09 | 0 |  | reserve under noncurrent |
| 2016-12 | 0 |  |  |
| 2017-03 | 0 |  |  |
| 2017-06 | 0 |  |  |
| 2017-09 | 0 |  |  |
| 2017-12 | 2 | deposits shrinking, uninsured deposits leaving |  |
| 2018-03 | 1 |  | deposits shrinking |
| 2018-06 | 0 |  | uninsured deposits leaving |
| 2018-09 | 0 |  |  |
| 2018-12 | 0 |  |  |
| 2019-03 | 0 |  |  |
| 2019-06 | 0 |  |  |
| 2019-09 | 2 | capital falling, reserve under noncurrent |  |
| 2019-12 | 1 |  | reserve under noncurrent |
| 2020-03 | 2 | charge-offs p90, uninsured deposits leaving | capital falling |
| 2020-06 | 1 |  | uninsured deposits leaving |
| 2020-09 | 1 | capital falling | charge-offs p90 |
| 2020-12 | 1 |  |  |
| 2021-03 | 1 |  |  |
| 2021-06 | 1 |  |  |
| 2021-09 | 0 |  | capital falling |
| 2021-12 | 0 |  |  |
| 2022-03 | 5 | capital falling, AOCI drag >20% of equity, securities losses >30% of equity, NIM <2.5%, charge-offs p90 |  |
| 2022-06 | 3 |  | capital falling, charge-offs p90 |
| 2022-09 | 5 | construction >100% equity, assets shrinking |  |
| 2022-12 | 3 |  | NIM <2.5%, construction >100% equity |
| 2023-03 | 1 |  | AOCI drag >20% of equity, assets shrinking |
| 2023-06 | 2 | deposits shrinking |  |
| 2023-09 | 4 | AOCI drag >20% of equity, uninsured deposits leaving |  |
| 2023-12 | 2 |  | deposits shrinking, AOCI drag >20% of equity |
| 2024-03 | 4 | deposits shrinking, assets shrinking |  |
| 2024-06 | 3 | reserve under noncurrent | uninsured deposits leaving, assets shrinking |
| 2024-09 | 1 |  | deposits shrinking, reserve under noncurrent |
| 2024-12 | 1 |  |  |
| 2025-03 | 2 | capital falling |  |
| 2025-06 | 1 |  | capital falling |
| 2025-09 | 4 | deposits shrinking, assets shrinking, uninsured deposits leaving |  |
| 2025-12 | 1 |  | deposits shrinking, assets shrinking, uninsured deposits leaving |
| 2026-03 | 1 |  |  |

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

- 2020-10-23 [Donna Mae Laturnus Obituary Oct 23, 2020 - Gilbertson Funeral Home](https://news.google.com/rss/articles/CBMicEFVX3lxTE9LZW1qTV9OSTB6SHRTMEZvT3FETHZHMlJQQl84YkVMNi1ZUFoyNFZ0V1FtSkRTMU4wMTZiRVFyMXFIdU9pVW9QRHc0cC0tdFc0YXdMbzNFMVJITDNwRjVrMXM5MmNwSXpDWTBGazhCMWQ?oc=5) · Gilbertson Funeral Home
- 2010-08-13 [John Schaffer Obituary Aug 13, 2010 - Askew Funeral Home](https://news.google.com/rss/articles/CBMiaEFVX3lxTFBoSFBROHpsUTlpTkhnbHJMcmtscDBTbm9qWGtuYm9KTTlhSlZrNDhDM2FQamJZeXowaGtMQWNaaDdJeGtXSnR5b0JGLTZoQ3FhaUFQZ3czbmxQcGJTQUJ3NHRmN2dkRThQ?oc=5) · Askew Funeral Home
- 2012-07-23 [JOHN J. LATURNUS Obituary Jul 23, 2012 - Gilbertson Funeral Home](https://news.google.com/rss/articles/CBMiZ0FVX3lxTE1Qczd2NDZrLWxxaHp6NS1KWXRsZ1BhQ0lZSTBBeEZyblpobzBOMXdUZWpjQXBEVHY4RkxneGM0eHhRYkNzckJhYnVEUUZ0VGw5YUVyVW9xWUN4ZVM0aTUzYzh0ZnNPYUE?oc=5) · Gilbertson Funeral Home
- 2022-06-01 [Texans, Cowboys each donating $400,000 to Robb School memorial fund - WOAI](https://news.google.com/rss/articles/CBMi_wFBVV95cUxPazNaS2RGLVl1ZkQyMGJHMmxPNTVnaElZbjlfQXlzc0tBZ2szdm1wNzRZYzlmNlJ5ZmE3cHNhc2twTVVRLUxqNnBMLXpqUmo2dkdKUFdYZUZrQm90ckg1V2pCODFzakhaZ0tqNGZJLUFCOTdUdW5DMW9IY0EzdmlWR2tVRWNleUZVaHVsTklCTlhLTDQ4VEpNQzRQTFRDRDFOQmE2WkQ1YnRhR1R1Z1ZVOHVzc1Y5ME84SjVFRmNOclh5YjZ1RnVsSHpZdDBpY2FneGdpX2hoU2N5alRBMlNpOVZXdllfRHU2dWFLQWJrcFJ2a3NxQnhBUkgtUUxuMTA?oc=5) · WOAI
- 2012-06-13 [Relay raises more than $145,000 for cancer research - The Columbus Dispatch](https://news.google.com/rss/articles/CBMiZ0FVX3lxTE5zVkt5eE9YSjBuTzlaY3hzVXNsTmVENVFvRktILWJqYjlSVmNKclFwZC12TTViaUV1alBlaFpVQ1M1WGlheUYzcmlCcWpya3BYMGhNM0xRdnJIdloxSF9hcFd0dThyVFk?oc=5) · The Columbus Dispatch

## How to verify

- Page: https://getbookiq.com/bank-desk/#bank=15471 (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/47.json (key "15471", 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