# FIRST STATE BANK
WAYNESBORO, MS · FDIC certificate 15663 · asset band $300M-1B · latest filing 2026-06 · live

**Verdict on the desk:** this could be *liquidity-rich*. 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 | $951.5M | |
| Deposits | $828.0M | |
| Loans and leases | $532.6M | |
| Total equity | $91.5M | |
| Loans / deposits | 63.76% (p17 of band) | 82.04% |
| Liquid assets / assets | 38.21% (p80 of band) | |
| Uninsured deposits / deposits | 42.82% (p90 of band) | 25.97% |
| Brokered deposits | 0.00% | |
| Wholesale funding | 2.65% (p45 of band) | |
| FHLB advances / assets | 2.65% | |
| Tier 1 leverage | 10.67% (p48 of band) | 10.81% |
| Unrealized securities loss / equity | -21.63% (p21 of band) | -8.10% |
| AOCI / equity | -1.14% (p19 of band) | |
| ROA (annualized) | 0.34% (p8 of band) | 1.28% |
| Net interest margin | 2.89% (p8 of band) | 3.91% |
| Efficiency ratio | 82.91% (p91 of band) | |
| Noncurrent loans | 1.18% (p77 of band) | 0.43% |
| Net charge-offs (annualized) | 0.06% (p78 of band) | |
| Reserve coverage of noncurrent | 75.23% | |
| Real estate % of loans | 82% | |
| Construction % of loans | 63.06% (p67 of band) | |
| Auto loans | $3.0M (0.56% of loans; DQ 3.76%, NCO 0.00%) | |
| Loans to nondepository financials | $4.6M (5% of equity) (p94 of band) | |
| Deposits YoY | 0.6% | |
| Employees | 185 | |

## Flags firing in the latest filing

- **expense ratio p90** (`earn_efficiency`)
- **reserve under noncurrent** (`aq_reserve`)

## 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 | capital falling | reserve under noncurrent |
| 2012-06 | 0 |  | capital falling |
| 2012-09 | 0 |  |  |
| 2012-12 | 1 | capital falling |  |
| 2013-03 | 1 |  |  |
| 2013-06 | 0 |  | capital falling |
| 2013-09 | 0 |  |  |
| 2013-12 | 0 |  |  |
| 2014-03 | 1 | capital falling |  |
| 2014-06 | 0 |  | capital falling |
| 2014-09 | 1 | wholesale funding >15% |  |
| 2014-12 | 1 |  |  |
| 2015-03 | 0 |  | wholesale funding >15% |
| 2015-06 | 0 |  |  |
| 2015-09 | 0 |  |  |
| 2015-12 | 0 |  |  |
| 2016-03 | 0 |  |  |
| 2016-06 | 0 |  |  |
| 2016-09 | 0 |  |  |
| 2016-12 | 1 | capital falling |  |
| 2017-03 | 1 |  |  |
| 2017-06 | 0 |  | capital falling |
| 2017-09 | 0 |  |  |
| 2017-12 | 0 |  |  |
| 2018-03 | 0 |  |  |
| 2018-06 | 0 |  |  |
| 2018-09 | 1 | reserve under noncurrent |  |
| 2018-12 | 1 |  |  |
| 2019-03 | 1 |  |  |
| 2019-06 | 1 |  |  |
| 2019-09 | 0 |  | reserve under noncurrent |
| 2019-12 | 1 | reserve under noncurrent |  |
| 2020-03 | 2 | capital falling |  |
| 2020-06 | 3 | charge-offs p90 |  |
| 2020-09 | 2 |  | capital falling |
| 2020-12 | 1 |  | charge-offs p90 |
| 2021-03 | 2 | capital falling |  |
| 2021-06 | 0 |  | reserve under noncurrent, capital falling |
| 2021-09 | 0 |  |  |
| 2021-12 | 0 |  |  |
| 2022-03 | 2 | capital falling, noncurrent p90 |  |
| 2022-06 | 3 | AOCI drag >20% of equity, securities losses >30% of equity | capital falling |
| 2022-09 | 3 |  |  |
| 2022-12 | 3 |  |  |
| 2023-03 | 3 | NIM <2.5% | AOCI drag >20% of equity |
| 2023-06 | 4 | deposits shrinking, assets shrinking | noncurrent p90 |
| 2023-09 | 3 | expense ratio p90 | deposits shrinking, assets shrinking |
| 2023-12 | 4 | deposits shrinking |  |
| 2024-03 | 4 | capital falling | deposits shrinking |
| 2024-06 | 4 | reserve under noncurrent | capital falling |
| 2024-09 | 4 |  |  |
| 2024-12 | 4 |  |  |
| 2025-03 | 3 |  | expense ratio p90 |
| 2025-06 | 2 |  | NIM <2.5% |
| 2025-09 | 1 |  | securities losses >30% of equity |
| 2025-12 | 2 | capital falling |  |
| 2026-03 | 3 | expense ratio p90 |  |
| 2026-06 | 2 |  | capital falling |

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

- 2026-02-24 [First State Bank welcomes Hurd and Skinner to Quitman branch - Laurel Leader-Call](https://news.google.com/rss/articles/CBMi2wFBVV95cUxQa3o1VHFhSUhfQUFEdWRJb0ZmWjdCN2VCdWtuUzJNN0pPQ1lZOHpxLWR3cHZfVTg0ZG11QkFON24zVGMtU2xCM01BS0tBSXdxX3ViOUt5UVBpNzhwVDdaVmEtaFZqOE5lTWJER2NVQlpHX2pCcFNkMUo3aUR1Z2hEUmpXNnRVRHNRT1ZuaURtSkZKV2hCRFd4UkczWlBmUEUzV3h0SUFITlAwdWVpRlZmT3NWVFI1ZzdsMXVEQ3BBTTJzelNPbmxfREdZNS1nbG54RTE2QnhQQi0tSVE?oc=5) · Laurel Leader-Call
- 2026-05-13 [First State Bank of Blakely names Hall, Summerlin to leadership posts - Early County News](https://news.google.com/rss/articles/CBMirwFBVV95cUxQZ1pxeE1yVmNzNGNyRnpoLWVNcTBzNGotdFdmOTg3V1dLdUZpeXRiVk9yU0VPODhDUXBELXlaZWQyZlJ5RlgxWFg3UngyTnVyUWsxcm0tSTJKNjB6N0J3S1FEZW9MbFU3RG1YXzFldmpzZ1IxYzlqZXpRdFI4eFhOWWV2VkhUYnF5V19wcUdpRzM4dEhQaDVkV1ctYnFKQkYyNHppc1pfV05WRzhwNmRr?oc=5) · Early County News
- 2026-04-09 [First State Bank in Wyoming sold to First Resource Bank - hometownsource.com](https://news.google.com/rss/articles/CBMi8AFBVV95cUxNOHV1ZXVwcEVndWpQWDQ2cTdIVnpuYnlROFhQMzFEZm12UEVfREJLVVFBVTYxV1RFcGVFNmxRUEoxZFZTektMSXZqTVFkOU5kdlhjSE1mUjhnenFIVWhsU3Y0WDJYMWFkaS1wWktZbUhVc2txemVqX0ZhNjlINnNUNW9JbWgwWlZtNS11Ynp1aklXZlJ3ZHZaV3BmVUpLbnoyT1lqbVM4ZVhJTHd2aldOemJTWVVaNGxNZVFlSEx0QmpPdVd1MGpSb3lkU3d2WVpid2xYczkwMTUtemFsamlfaHZzQVplQkRvMGhXQlc0TFI?oc=5) · hometownsource.com
- 2026-02-18 [List Of Failed Banks: 2009-2026 - Bankrate](https://news.google.com/rss/articles/CBMiZEFVX3lxTFAtbi1TaWMteGEyOHdQbnlXd0tPRzM2WFJQZjdPdzViQTZFLVVHODJRTEdqRWhnMkxIOG5xMUVSWU5iNHZSbVpnQ2Z4TWdiMDVwN2NTdUNGd3dXZ2tGcGZ2VWVJRnM?oc=5) · Bankrate
- 2026-08-07 [3 promoted at First State Bank in Laurel - Laurel Leader-Call](https://news.google.com/rss/articles/CBMiwAFBVV95cUxQN0ZhMXpKYk50VVJqM0NjNzAtdXJ3azRkQnhzWXYtbDZSVjhMTGcySGNyRWlkUUI4clU0Y3loTVg2d1IyM3pkQ0VaaUcxX0ZENlNNYUV2aWlDaGpsVG53WHNNU2J1R1F3RTFWOUVCR2hHakhYRFZkVmlIVDYxU19lbnlqcjJBOHB1al8wZVdlYXhtLXRZV01kdmZSaEgyQzF4YXhVN0ZTWkNqOEd2R3RXWnJQSUZrZ1pJc0pQZDY2UjU?oc=5) · Laurel Leader-Call
- 2026-04-01 [Billy Lanford, long-time Blakely First State Bank president, dies at 75 - Early County News](https://news.google.com/rss/articles/CBMisAFBVV95cUxQaFg4YVlwX2Z3NWtSZ2VKS0pjQzBSMDlzeEFNbWxONDdlMEgyT2hjNTlsb2FZV25qSXA3Y3BHSmNrZlVsT3pOU1BjVlNaYTZ4VEEyU25mS1phUUJMM2lKNF83ZGpwbW1OcDUtTVdkUEVnSkQ4ZXZSeXp0aXdsbEo0N3JjeTB5RjhEb0h6Zjk4dkwtc05US2o5dW4xaDhNcXFRZjgzVTI3Smo1MFFPa01PMg?oc=5) · Early County News
- 2025-12-08 [Pugh Hired as Senior Vice President of Marketing at First State Bank - Darkhorse Press](https://news.google.com/rss/articles/CBMitgFBVV95cUxOS2I3TjdPRDNkVnh3MDgyWHdKV0Vibmp0UHg4c3hjR3dRUWZsMi12Rm5sRTRkWnRzMmZCdGREdVRfSEtqT0tRd1Fxak9va2xSd3h4Yl8ydTI0ZHZqaFR5VkFLQ0hlYnV1TnZWZmZ5RWlTSTdwWGZmU2NZYWNJVW9NS2ZpWWMxZ2dKQ3pzMC1STkN6YlNtejZIaldSdXJQcGVPa01MZUp0UlpMYVRVczVWSDZIOERZZw?oc=5) · Darkhorse Press
- 2024-04-22 [Commercial Bank & Trust, First State Bank to unify - Talk Business & Politics](https://news.google.com/rss/articles/CBMiiAFBVV95cUxNdUNIb2FkSDRCUGJWQVFYc1FFb1huWjd2bmUzdmcta3lacnVvX2lQU3lvbWsxVmNCLWJtaHNJNmRtRFNPSlpHM1RQb0RMZnVWU2xMWE44dmd0OVl1NFNVZ2o1VjU4UFppb2pXMEpHVFdlYVF2eGxpXzI2anNMRjlKVTVjZnhFYUFq?oc=5) · Talk Business &amp; Politics

## How to verify

- Page: https://getbookiq.com/bank-desk/#bank=15663 (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 "15663", 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