# FIRST STATE BANK
WILMOT, SD · FDIC certificate 15787 · asset band <$300M · latest filing 2018-09 · stopped filing (departed)

**Verdict on the desk:** this could be *credit-stressed*. Composite score 5 (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 | $48.7M | |
| Deposits | $41.4M | |
| Loans and leases | $36.4M | |
| Total equity | $5.3M | |
| Loans / deposits | 87.00% (p67 of band) | 78.40% |
| Liquid assets / assets | 19.99% (p28 of band) | |
| Uninsured deposits / deposits | 8.63% (p19 of band) | 15.34% |
| Brokered deposits | 10.16% | |
| Wholesale funding | 13.80% (p89 of band) | |
| FHLB advances / assets | 1.99% | |
| Tier 1 leverage | 11.29% (p49 of band) | 11.34% |
| Unrealized securities loss / equity | -4.66% (p37 of band) | -3.15% |
| AOCI / equity | -2.18% (p44 of band) | |
| ROA (annualized) | 2.10% (p93 of band) | 1.02% |
| Net interest margin | 4.46% (p83 of band) | 3.82% |
| Efficiency ratio | 45.61% (p5 of band) | |
| Noncurrent loans | 2.86% (p91 of band) | 0.57% |
| Net charge-offs (annualized) | 0.32% (p95 of band) | |
| Reserve coverage of noncurrent | 34.17% | |
| Real estate % of loans | 18% | |
| Construction % of loans | 1.01% (p17 of band) | |
| Auto loans | $1.1M (2.89% of loans; DQ 0.57%, NCO -0.01%) | |
| Loans to nondepository financials | $0 (0% of equity) (p48 of band) | |
| Deposits YoY | -1.1% | |
| Employees | 9 | |

## Flags firing in the latest filing

- **brokered >10%** (`liq_brokered`)
- **noncurrent p90** (`aq_noncurrent`)
- **charge-offs p90** (`aq_nco`)
- **reserve under noncurrent** (`aq_reserve`)
- **uninsured deposits leaving** (`flight_uninsured`)

## 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 | 3 | capital falling, losing money, charge-offs p90 | reserve under noncurrent |
| 2012-06 | 2 | reserve under noncurrent | capital falling, losing money |
| 2012-09 | 1 |  | reserve under noncurrent |
| 2012-12 | 1 |  |  |
| 2013-03 | 0 |  | charge-offs p90 |
| 2013-06 | 1 | reserve under noncurrent |  |
| 2013-09 | 0 |  | reserve under noncurrent |
| 2013-12 | 0 |  |  |
| 2014-03 | 1 | capital falling |  |
| 2014-06 | 0 |  | capital falling |
| 2014-09 | 0 |  |  |
| 2014-12 | 0 |  |  |
| 2015-03 | 0 |  |  |
| 2015-06 | 0 |  |  |
| 2015-09 | 0 |  |  |
| 2015-12 | 0 |  |  |
| 2016-03 | 1 | capital falling |  |
| 2016-06 | 2 | charge-offs p90, reserve under noncurrent | capital falling |
| 2016-09 | 1 |  | reserve under noncurrent |
| 2016-12 | 0 |  | charge-offs p90 |
| 2017-03 | 1 | uninsured deposits leaving |  |
| 2017-06 | 0 |  | uninsured deposits leaving |
| 2017-09 | 0 |  |  |
| 2017-12 | 1 | uninsured deposits leaving |  |
| 2018-03 | 1 | charge-offs p90 | uninsured deposits leaving |
| 2018-06 | 3 | noncurrent p90, reserve under noncurrent |  |
| 2018-09 | 5 | brokered >10%, uninsured deposits leaving |  |

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

- 2026-08-23 [The Rev. Allen Lee Lewis Obituary Apr 29, 2019 - Miller Funeral Home](https://news.google.com/rss/articles/CBMiZkFVX3lxTFBjc3BhQ1N4czg2dklkbm5UT1hMYXROdUZQdFFIb1A4RER5b3d3VWpRNHJzZ1pOZnZHWlpuaWp6Q1NLejJKY0o2ZjJyYnliZmZWbUZnZ1NlV3RFN1pjakRHUGtoRnMzQQ?oc=5) · Miller Funeral Home
- 2026-02-18 [List Of Failed Banks: 2009-2026 - Bankrate](https://news.google.com/rss/articles/CBMiZEFVX3lxTFAtbi1TaWMteGEyOHdQbnlXd0tPRzM2WFJQZjdPdzViQTZFLVVHODJRTEdqRWhnMkxIOG5xMUVSWU5iNHZSbVpnQ2Z4TWdiMDVwN2NTdUNGd3dXZ2tGcGZ2VWVJRnM?oc=5) · Bankrate
- 2022-04-12 [First State Bank's new headquarters gives New London Public Library a new home - WLUK](https://news.google.com/rss/articles/CBMisgFBVV95cUxPamNKTkE0NGRZUkhoREp5cDZNWGlPQUhBcHJ1QWhFMXMtaGZzS192YnZxczFYTFNoNzVXVGx1Ni1DSERqSjNrOW9nMGtMYm5RYldrTjFYYWFLVjVFVnFUWlV0aVpHTDdWVmJnTXZ6bVJDY0tkTHNMTmhObHRHYk5hODR4cDR3SFFZclFrVXpxNEw2aDRyeHdhdkpQbFlCT0piS2ZUbl9HN3hWak52QmFlRzF3?oc=5) · WLUK
- 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
- 2022-01-11 [Minnesota bank to add Sioux Falls branch - SiouxFalls.Business](https://news.google.com/rss/articles/CBMieEFVX3lxTE9ETUVVTDdUdWZ2WDAyTTJIMFg5SGc3aF95eWNOa1Vkd3pwN3hqMmhKcFU2NGdITmxWQi1GMW5lbDZ6RnNoam5GNEtGS2NaWkV3bC1DOHdBRjgxcVlOcEZ6cXFId0JWMTJoNkZXNFdpX212WGNEM0s0RQ?oc=5) · SiouxFalls.Business
- 2018-07-20 [First State Bank of ND changes name to BankNorth - InForum](https://news.google.com/rss/articles/CBMiiAFBVV95cUxQOF8yRUI3U3E4cUxBTkxvN3h1dk9iVlViOXdBc0lLNy1jX1BTX0xHcjFOQV9kN2JkQTFaLUxXMktvS1NSQzZCR1FOa3JYUlRXcWJKSW9tNGlGeWtGTzQtZzBtZlhidWZlaGJNb3FWbFo5ZVo5aFRKeFU3TlJMY3BsZjFWSTNOOVNx?oc=5) · InForum
- 2024-09-11 [First State Bank Southwest is excited to announce the appointment of two new board members - The Globe | Worthington, Minnesota](https://news.google.com/rss/articles/CBMilAJBVV95cUxNcEtRWXpOUlZNSE9yaGpPTTFrNzJZbXBBbFRsdnhkUFpHNUZLT2ZqdVY4Mi1EbTI1R2RabDlidWozendpOTdrQXI4Tm9SMnZiSzl5U0hkWEc3UmxzUk4wb1NzUHUyTkZHUzhrS0g3Ymp4RlRzQXdxY1hJN3ZMOTk1YTk1bVRNaVYxQ1RCOHMwQ2VuWWc4TGhENF9mVGRReC1qQ2tOT2xkRnlDVFFvVmp3b2NaWmxjRjF6MUpXOHE2TVlhWXJwTzNQR3RKQzJQWW9GaGZvcnByakFIS3RmYThIZUpNY2FobnlYUWhiejBrd1VCbUZOMDlfVEtja281WWhzUEwwSlhrVUVPMHdOeEdCX1dNbEM?oc=5) · The Globe | Worthington, Minnesota
- 2025-12-01 [Kenneth Jon Klatt Obituary (1940 - 2025) - Sioux Falls, SD - KELOLAND - Legacy obituary](https://news.google.com/rss/articles/CBMijgFBVV95cUxOVkZkT01vREt3M0UwZHpSMVRQblBZYkRFLUpVbHRzbGFHeHRIOTR5QXF3U2NlQ05XNUdoZk1XMDRrREJMZDhFSm8yTWhqVGdkZ0hlWDlHR1BiUFI0Y2pQU3ZjcjNmTUx4eEFqWlh3bzlwbTVuLVlISWVUckZTcmgwSGg5LTBuelhzdXpjUDdR?oc=5) · Legacy obituary

## How to verify

- Page: https://getbookiq.com/bank-desk/#bank=15787 (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/43.json (key "15787", 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