# FIRST STATE BANK OF WABASHA
WABASHA, MN · FDIC certificate 15804 · asset band <$300M · latest filing 2018-12 · stopped filing (departed)

**Verdict on the desk:** this could be *ordinary*. 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 | $133.4M | |
| Deposits | $112.0M | |
| Loans and leases | $40.9M | |
| Total equity | $21.2M | |
| Loans / deposits | 36.48% (p7 of band) | 77.51% |
| Liquid assets / assets | 57.52% (p89 of band) | |
| Uninsured deposits / deposits | 19.89% (p65 of band) | 15.78% |
| Brokered deposits | 0.00% | |
| Wholesale funding | 0.00% (p19 of band) | |
| FHLB advances / assets | 0.00% | |
| Tier 1 leverage | 8.52% (p7 of band) | 11.30% |
| Unrealized securities loss / equity | 2.55% (p99 of band) | -1.85% |
| AOCI / equity | 2.55% (p100 of band) | |
| ROA (annualized) | 0.36% (p13 of band) | 0.99% |
| Net interest margin | 0.71% (p0 of band) | 3.82% |
| Efficiency ratio | 42.57% (p2 of band) | |
| Noncurrent loans | 0.33% (p40 of band) | 0.53% |
| Net charge-offs (annualized) | 0.00% (p20 of band) | |
| Reserve coverage of noncurrent | 2.99% | |
| Real estate % of loans | 76% | |
| Construction % of loans | 8.98% (p37 of band) | |
| Auto loans | $1.2M (2.86% of loans; DQ 3.34%, NCO 0.00%) | |
| Loans to nondepository financials | $0 (0% of equity) (p48 of band) | |
| Deposits YoY | 0.7% | |
| Employees | 18 | |

## Flags firing in the latest filing

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

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

- 2026-06-17 [Edward Mars Passe - Post Bulletin](https://news.google.com/rss/articles/CBMijAFBVV95cUxNMHB1YkVNeDVLelhmVjR2U3FPVXl2MXlOT2paQ1lRcmx5VzB5VjA2RmV1T21SRy16TmNlQndublBvUEJLV3NIRFBybzhZcHZFUGwta1BWd1hxQVRJZTRfNzRGaVYtMDA3R1plTzNVeU5yUTIyeGFNSERVYklrT2dKeVB2VmdkN29ieC1Sag?oc=5) · Post Bulletin
- 2011-11-23 [A new chapter for Wabasha's Anderson House - Post Bulletin](https://news.google.com/rss/articles/CBMigwFBVV95cUxQRjlaaXg5Z3pDS25lcFZhZlZOYUwzMFc2azVvRzRSLWpmSGhtQ2xmN0VVZ3ljaV9SeUdJVHQydzAyQW9tMWF1ZXQ4VFQ1QkxMa2c3SVJWc1dSdHVEQnVOOG1NWjB0bUFUSjRIRkg1Vk5tVlFwSHY1RDBXaGxTZlVqTHJBRQ?oc=5) · Post Bulletin
- 2009-10-24 [Robert J. Loechler — Wabasha - Post Bulletin](https://news.google.com/rss/articles/CBMia0FVX3lxTE9RSHctaHNfSHpnZklKbEo2bHdvUWhqMEVBSVU3RVZrbHJOY0ZMdmNRc0xVZmFVLXZzQW0xRVY5bm83eW1EdVNJbUFBVzc3SlZmNkZ3eEZLS28xdUZqLXlwaEJXclRENmU5cGtr?oc=5) · Post Bulletin

## How to verify

- Page: https://getbookiq.com/bank-desk/#bank=15804 (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/60.json (key "15804", 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