# NXT BANK
CENTRAL CITY, IA · FDIC certificate 16438 · asset band <$300M · latest filing 2021-09 · stopped filing (departed)

**Verdict on the desk:** this could be *funding-stretched*. Composite score 3 (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 | $232.5M | |
| Deposits | $181.5M | |
| Loans and leases | $196.0M | |
| Total equity | $33.9M | |
| Loans / deposits | 106.26% (p98 of band) | 63.26% |
| Liquid assets / assets | 10.99% (p2 of band) | |
| Uninsured deposits / deposits | 28.58% (p80 of band) | 18.86% |
| Brokered deposits | 1.82% | |
| Wholesale funding | 8.96% (p89 of band) | |
| FHLB advances / assets | 5.38% | |
| Tier 1 leverage | 13.94% (p80 of band) | 10.61% |
| Unrealized securities loss / equity | 0.67% (p49 of band) | 0.71% |
| AOCI / equity | -0.74% (p56 of band) | |
| ROA (annualized) | 0.98% (p46 of band) | 1.03% |
| Net interest margin | 3.54% (p62 of band) | 3.29% |
| Efficiency ratio | 68.18% (p53 of band) | |
| Noncurrent loans | 0.02% (p25 of band) | 0.32% |
| Net charge-offs (annualized) | 0.00% (p29 of band) | |
| Reserve coverage of noncurrent | 10570.00% | |
| Real estate % of loans | 87% | |
| Construction % of loans | 22.35% (p62 of band) | |
| Auto loans | $770,000 (0.39% of loans; DQ 0.00%, NCO 0.00%) | |
| Loans to nondepository financials | $0 (0% of equity) (p48 of band) | |
| Deposits YoY | -5.1% | |
| Employees | 32 | |

## Flags firing in the latest filing

- **loans exceed deposits** (`liq_ltd`)
- **deposits shrinking** (`shrink_deposits`)
- **assets shrinking** (`shrink_assets`)

## Warning timeline

| Quarter | Score | Flags that first fired | Flags that cleared |
|---|---|---|---|
| 2011-03 | 0 |  |  |
| 2011-06 | 0 |  |  |
| 2011-09 | 0 |  |  |
| 2011-12 | 0 |  |  |
| 2012-03 | 0 |  |  |
| 2012-06 | 1 | capital falling |  |
| 2012-09 | 1 |  |  |
| 2012-12 | 1 |  |  |
| 2013-03 | 1 |  |  |
| 2013-06 | 1 | wholesale funding >15% | capital falling |
| 2013-09 | 2 | brokered >10% |  |
| 2013-12 | 2 |  |  |
| 2014-03 | 1 |  | brokered >10% |
| 2014-06 | 1 |  |  |
| 2014-09 | 1 |  |  |
| 2014-12 | 1 |  |  |
| 2015-03 | 1 |  |  |
| 2015-06 | 2 | deposits shrinking |  |
| 2015-09 | 2 | loans exceed deposits | deposits shrinking |
| 2015-12 | 1 |  | loans exceed deposits |
| 2016-03 | 2 | loans exceed deposits |  |
| 2016-06 | 3 | capital falling |  |
| 2016-09 | 2 |  | capital falling |
| 2016-12 | 2 |  |  |
| 2017-03 | 2 |  |  |
| 2017-06 | 2 |  |  |
| 2017-09 | 2 |  |  |
| 2017-12 | 2 |  |  |
| 2018-03 | 3 | assets shrinking |  |
| 2018-06 | 3 | deposits shrinking | assets shrinking |
| 2018-09 | 2 |  | deposits shrinking |
| 2018-12 | 3 | deposits shrinking |  |
| 2019-03 | 2 |  | deposits shrinking |
| 2019-06 | 2 |  |  |
| 2019-09 | 2 |  |  |
| 2019-12 | 2 |  |  |
| 2020-03 | 2 |  |  |
| 2020-06 | 1 |  | wholesale funding >15% |
| 2020-09 | 2 | assets shrinking |  |
| 2020-12 | 4 | deposits shrinking, uninsured deposits leaving |  |
| 2021-03 | 4 |  |  |
| 2021-06 | 3 |  | uninsured deposits leaving |
| 2021-09 | 3 |  |  |

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

- 2021-06-11 [HBT Financial to acquire NXT Bancorporation - Corridor Business Journal](https://news.google.com/rss/articles/CBMiTkFVX3lxTFBFMGRjWEV2eHhmY0RsRk1UZl9HYjVHWng2N3FYZGhXTlBXLVZfakdldXY0QU1acUh0cXNHdUJLcWJBMTI2OVpmZGVTNlhIQQ?oc=5) · Corridor Business Journal
- 2025-01-13 [Master Jake C Swanson Obituary Nov 26, 2017 - Murdoch Funeral Homes & Cremation Service](https://news.google.com/rss/articles/CBMibEFVX3lxTFBWeEpNTUh1NFN5RGE0Tk9LYWRfaWtBSmFVZWZCX0xncll6ZU5YcnhycmZRbU5KSTdxeEh2X3BmRWtTS1ZEc2g0YnotZExKRVVZcXZyOGZHWW5OME9SeUVrWDNxbUxxNDJ1empJeg?oc=5) · Murdoch Funeral Homes &amp; Cremation Service
- 2017-09-06 [Andrew Guzzo joins Merchants Bank as regional president Winona/South - Winona Post](https://news.google.com/rss/articles/CBMi6wFBVV95cUxPZmFNZGxHZmQxQWgzZkpTOFpZZzhJczE0YTNZTzl6RFA5Zl9vTF95TVRma2ZOV2R0Rms3MjdLdFkyeG5RTkpBMWRJR21mek1oT3JDZkdBOUxrZG5aNDRfenJrNlhTdUVpdWN1bE5lRi1QZERtSXp5dEV0LTBVVmQ2SFZ5WmRNVEFjaU4wa2N4S1M4dlp1bEgxTEpuSDFSZEJpbHA5a3FaZzV4WWJJY3Zfa2d4UmxtOGl5cnptd1JaV29yVlNwYXY0S1k2ZnBTX0RhQTRab2l4MW9yZE1MMW43NTlLNWtjczYyM0Vv?oc=5) · Winona Post
- 2014-06-24 [Biz Buzz: Iowa stocks idle, while others accelerate - The Des Moines Register](https://news.google.com/rss/articles/CBMi1gFBVV95cUxOQ1NtdHppNDlNbHlFRWE4TkVxSkZza1dlYXl6ZGw5VG0zOHRKd3VmQk90RFJBSlFuWEdTcEtzTDlGS0p1YzZmeGJYSFVQSkhWQldGLTBkWk1xZkhIN2ttYS1xLW1MWk82V0s5NnAyU2RrLVlSX0kySG9CZEtkWldFUXprRHRWUVdfSXpTMEpWc1FET0t4ZXFyZGRXOGRJd1hibzlDMXdGbTE4X3lzVzVweC10TkNlMnVOWXdGTmRqcklEdEFPRWZnc1h0S2l0SklVTUJyRFJB?oc=5) · The Des Moines Register
- 2022-10-02 [John D. Kester Obituary Oct 2, 2022 - Murdoch Funeral Homes & Cremation Service](https://news.google.com/rss/articles/CBMiaEFVX3lxTE9BaDBCRWZrRjBCQ3pkbWlVa0pDQU9OMFY1X0F4T1JVMkVXd0pOY2JGNjBtdG5wanNtS2RPVEZueTgyZGpKdFNRdmZlaXpqWG1ZVnZYZnJ1NG5GenBzTS0zeFprRXZ4UVY3?oc=5) · Murdoch Funeral Homes &amp; Cremation Service

## How to verify

- Page: https://getbookiq.com/bank-desk/#bank=16438 (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/54.json (key "16438", 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