# FIRST STATE BANK
BUXTON, ND · FDIC certificate 15539 · asset band $300M-1B · latest filing 2026-06 · live

**Verdict on the desk:** this could be *funding-stretched*. Composite score 2 (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 | $424.2M | |
| Deposits | $371.9M | |
| Loans and leases | $392.8M | |
| Total equity | $41.2M | |
| Loans / deposits | 104.37% (p93 of band) | 82.04% |
| Liquid assets / assets | 6.04% (p1 of band) | |
| Uninsured deposits / deposits | 28.78% (p62 of band) | 25.97% |
| Brokered deposits | 0.00% | |
| Wholesale funding | 1.52% (p38 of band) | |
| FHLB advances / assets | 1.52% | |
| Tier 1 leverage | 9.83% (p30 of band) | 10.81% |
| Unrealized securities loss / equity | -0.48% (p90 of band) | -8.10% |
| AOCI / equity | -0.37% (p48 of band) | |
| ROA (annualized) | 2.08% (p88 of band) | 1.28% |
| Net interest margin | 4.08% (p59 of band) | 3.91% |
| Efficiency ratio | 46.81% (p13 of band) | |
| Noncurrent loans | 0.00% (p4 of band) | 0.43% |
| Net charge-offs (annualized) | 0.12% (p87 of band) | |
| Reserve coverage of noncurrent | – | |
| Real estate % of loans | 68% | |
| Construction % of loans | 75.37% (p75 of band) | |
| Auto loans | $996,000 (0.25% of loans; DQ 0.00%, NCO 0.00%) | |
| Loans to nondepository financials | $0 (0% of equity) (p45 of band) | |
| Deposits YoY | 6.5% | |
| Employees | 42 | |

## Flags firing in the latest filing

- **loans exceed deposits** (`liq_ltd`)
- **liquid assets <10%** (`liq_thin`)

## Warning timeline

| Quarter | Score | Flags that first fired | Flags that cleared |
|---|---|---|---|
| 2011-03 | 3 | loans exceed deposits, wholesale funding >15%, reserve under noncurrent |  |
| 2011-06 | 4 | liquid assets <10% |  |
| 2011-09 | 4 |  |  |
| 2011-12 | 4 |  |  |
| 2012-03 | 4 |  |  |
| 2012-06 | 3 |  | liquid assets <10% |
| 2012-09 | 5 | liquid assets <10%, capital falling |  |
| 2012-12 | 3 |  | reserve under noncurrent, liquid assets <10% |
| 2013-03 | 1 |  | loans exceed deposits, capital falling |
| 2013-06 | 1 |  |  |
| 2013-09 | 3 | loans exceed deposits, liquid assets <10% |  |
| 2013-12 | 1 |  | wholesale funding >15%, liquid assets <10% |
| 2014-03 | 3 | wholesale funding >15%, liquid assets <10% |  |
| 2014-06 | 3 |  |  |
| 2014-09 | 3 |  |  |
| 2014-12 | 4 | capital falling |  |
| 2015-03 | 3 |  | capital falling |
| 2015-06 | 3 |  |  |
| 2015-09 | 3 |  |  |
| 2015-12 | 4 | capital falling |  |
| 2016-03 | 3 |  | capital falling |
| 2016-06 | 3 |  |  |
| 2016-09 | 3 |  |  |
| 2016-12 | 3 |  |  |
| 2017-03 | 2 |  | liquid assets <10% |
| 2017-06 | 3 | liquid assets <10% |  |
| 2017-09 | 3 |  |  |
| 2017-12 | 2 | capital falling | wholesale funding >15%, liquid assets <10% |
| 2018-03 | 1 |  | capital falling |
| 2018-06 | 3 | wholesale funding >15%, liquid assets <10% |  |
| 2018-09 | 3 |  |  |
| 2018-12 | 4 | deposits shrinking |  |
| 2019-03 | 3 |  | deposits shrinking |
| 2019-06 | 3 |  |  |
| 2019-09 | 4 | capital falling |  |
| 2019-12 | 3 |  | wholesale funding >15% |
| 2020-03 | 1 |  | liquid assets <10%, capital falling |
| 2020-06 | 1 |  |  |
| 2020-09 | 1 |  |  |
| 2020-12 | 1 |  |  |
| 2021-03 | 0 |  | loans exceed deposits |
| 2021-06 | 1 | loans exceed deposits |  |
| 2021-09 | 1 |  |  |
| 2021-12 | 0 |  | loans exceed deposits |
| 2022-03 | 1 | capital falling |  |
| 2022-06 | 1 |  |  |
| 2022-09 | 1 |  |  |
| 2022-12 | 2 | loans exceed deposits |  |
| 2023-03 | 1 |  | capital falling |
| 2023-06 | 1 |  |  |
| 2023-09 | 4 | wholesale funding >15%, capital falling, uninsured deposits leaving |  |
| 2023-12 | 3 | liquid assets <10% | wholesale funding >15%, uninsured deposits leaving |
| 2024-03 | 1 |  | capital falling, liquid assets <10% |
| 2024-06 | 2 | liquid assets <10% |  |
| 2024-09 | 2 |  |  |
| 2024-12 | 3 | capital falling |  |
| 2025-03 | 1 |  | loans exceed deposits, liquid assets <10% |
| 2025-06 | 2 | loans exceed deposits, liquid assets <10% | capital falling |
| 2025-09 | 2 |  |  |
| 2025-12 | 1 |  | loans exceed deposits |
| 2026-03 | 0 |  | liquid assets <10% |
| 2026-06 | 2 | loans exceed deposits, liquid assets <10% |  |

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

- 2026-09-09 [First State Bank merger with Bastrop bank complete - Colorado County Citizen](https://news.google.com/rss/articles/CBMiowFBVV95cUxNUVVUT283T3NSdFZxWm1lNzlSdS0wS1R5UlNGX3FTYnNFT3gxWVdGTy03dDUtQmN0eW9yTHd0d0R0ZW43UUpFQ1JBV0E1SGFlUnp3YTFzNDh5MjM1MVg4VkptSXVtc19KR1EybW1lZUV0RWZWLUJsTDJfd2d1aVFEQkxYWFJaNUNrY1BRZDc4bmRuZzJyRVc1TldYWUZwUVBzT3pj?oc=5) · Colorado County Citizen
- 2026-08-11 [Illinois’ HBT to buy in-state Tri-County Financial for $204.6M - Banking Dive](https://news.google.com/rss/articles/CBMiqAFBVV95cUxPcGU1TWVsWXNOZEx1bGVvMGo1Z1NOaktDX2dnSXhDQlNsS1lqb05KMHZ6SktmbDBhR1NnRUt0clVsMEZTRFBjSUtuOUdsQ1p4VEYwT2J5RjY4ODRObU5zTDNKUDgzTlF2X0ZTbjdxQjdOUktvWnVUWUltenVkSHhvcDNDaWpTZzFMZUhfN21RMmR0cEV2aDRmb1pnTTNmSEV5RHp2Z1RhcG4?oc=5) · Banking Dive
- 2026-08-27 [First State Bank Breaks Ground on New Building - Olney Enterprise |](https://news.google.com/rss/articles/CBMijgFBVV95cUxPOXBvNlQtenpfNXJROEVNUUVCLTdPNWgtM2pMM0xXNzM0SjdIT0ZyQ3p3YTZPaTNlTW14LVY5c1RuRFM0Z0wzbWdzdTgyVmd4LUdxMDY0cjA2OUVYRy1DT2lZSS1fdHFOZVdsSndkNkJqU1duZTZ2dzNiSS05dUU2ZktyZXlrSERtVjdiZUF3?oc=5) · Olney Enterprise |
- 2026-04-08 [First Bank Corp completes buyout of First State Bank - Talk Business & Politics](https://news.google.com/rss/articles/CBMijwFBVV95cUxPcWJzZzdpcklaMW01dWF2UWxGUU0tcmRXQ2xXMGNDcE5GNV9pak4yUk9aQUJHN1ZvclNCaHp4X0N6djdqSnVFWnJFSl9DZHhzdTFyRloxUFMzTGpjSjFQeU9Tci1lTDMyTUR1ZjJoLThQdVNIVDdqNVJKaUdOQXg2eVRWdENjXzJVV3hXMmF4WQ?oc=5) · Talk Business &amp; Politics
- 2026-07-21 [First State Bank invests $1.5 million in renovation to support continued growth - thefacts.com](https://news.google.com/rss/articles/CBMi6gFBVV95cUxPQjdpcVNfbUQzNE9LUDJWVUF6Q3VmQ2ZtdVlCdDR3Z25lSlBJeUhYZm01UGJRQm05SDY2YzBsTUlfSm1YdXcwc25TeFJnWXNGVmhsUzRDd1lMemRib0U5RUxGT2lLeHJVelNSdnEteVJoTS1NX2dPMF9TYW0yZmU2U2dxd1pjWEpJN2dRV1lZMnZtWUU4dW1wOTNtbGpGc1JmYmE1b3gwbVZCU2I4QXpzZWxjT2FkTkljcE42REU2QmJaanU5Vm1RZ2tJR1dQSUJaT2pBTkhGOWNCRlhJWi1XWFpISmdTdDB5RGc?oc=5) · thefacts.com
- 2026-07-30 [Citizens Bank of Las Cruces to merge with Socorro-based First State Bank - The Business Journals](https://news.google.com/rss/articles/CBMinwFBVV95cUxNUDlrSFhzUWx3dF85emdzT0J5Vmtyd2p5eFc5akU4QzY0QUtVcDBpdDNoQ3BZWjdZZnlKT3ZzZWZIM3BXTW1fSk93emNmRW9sRmdKWWZMNUk5VGx6N2tETEUyT0cycmpFLWkxRHFxcEt0QWpFMFFLRE5KeF9vbE1HZF9vWm5wRzBNWW5SWEVHdmlWcUdFMlRUb2Fxd2pjRmc?oc=5) · The Business Journals
- 2026-08-20 [First State Bank and Trust presents checks to local school districts - tonganoxiemirror.com](https://news.google.com/rss/articles/CBMiuwFBVV95cUxOcWhhN0FVQVRXVGVPVDN6c182eHp6VXU5dmxQVWdmT3pmOUlfTElRcU40N093QWc5QzRZdXozV3drcHc3T1hOdDFMZGFCYXFOcmxSVVpJTjRfRGlwdk55azljckVlU0kwb3JDOFFFTm8zSEFmbUlETTlWZnJrMWZpVm95clhBaW9vWWNuUVFaeTZrOWxYZzNraHBBZ2VYcXdnNnB6RWdjaklTZk5uVHU3OENadncyWktwaXhZ?oc=5) · tonganoxiemirror.com
- 2026-03-09 [First National Bank to Acquire First State Bank of Fountain and Root River State Bank - Fillmore County Journal](https://news.google.com/rss/articles/CBMivAFBVV95cUxPWEJfbFhOemgyV1FNU25XUk9VbDNVWEM2WkN0Z016c1lXLU1kN1kxVTJiUkVWUXR1UW5IRk1rWmJLa29aOG9FeWdoZUloNlNJNEh0UEUzX2pDS19CaEM0Vzd1VFVXbWxfbWh0N2ZNWFVjVjV3RjlucDNJR0w3RGJmZXowem1URE03YU5WNVBYSTZwYXltNnhOeUhUNDZoeWo3Ml9JU1lqcy1NQ0o3Sk45QmRNdTI1WW1TY0RrRw?oc=5) · Fillmore County Journal

## How to verify

- Page: https://getbookiq.com/bank-desk/#bank=15539 (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/51.json (key "15539", 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.

---
Rendered 2026-09-10 from the desks' own data files. Full guide: https://getbookiq.com/guide