# FIRST STATE BANK
SOCORRO, NM · FDIC certificate 16600 · asset band <$300M · latest filing 2026-06 · live

**Verdict on the desk:** this could be *liquidity-rich*. Composite score 1 (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 | $188.0M | |
| Deposits | $160.5M | |
| Loans and leases | $11.7M | |
| Total equity | $26.8M | |
| Loans / deposits | 6.52% (p4 of band) | 73.59% |
| Liquid assets / assets | 92.35% (p98 of band) | |
| Uninsured deposits / deposits | 50.94% (p97 of band) | 19.81% |
| Brokered deposits | 0.00% | |
| Wholesale funding | 0.00% (p23 of band) | |
| FHLB advances / assets | 0.00% | |
| Tier 1 leverage | 14.27% (p73 of band) | 11.76% |
| Unrealized securities loss / equity | -25.64% (p18 of band) | -6.57% |
| AOCI / equity | 0.00% (p78 of band) | |
| ROA (annualized) | 1.01% (p40 of band) | 1.17% |
| Net interest margin | 3.23% (p19 of band) | 3.93% |
| Efficiency ratio | 67.43% (p55 of band) | |
| Noncurrent loans | 0.03% (p27 of band) | 0.36% |
| Net charge-offs (annualized) | 0.00% (p17 of band) | |
| Reserve coverage of noncurrent | 40766.67% | |
| Real estate % of loans | 58% | |
| Construction % of loans | 1.20% (p21 of band) | |
| Auto loans | $777,000 (6.65% of loans; DQ 0.00%, NCO 0.00%) | |
| Loans to nondepository financials | $0 (0% of equity) (p48 of band) | |
| Deposits YoY | -2.4% | |
| Employees | 27 | |

## Flags firing in the latest filing

- **uninsured deposits >50%** (`liq_uninsured`)

## Warning timeline

| Quarter | Score | Flags that first fired | Flags that cleared |
|---|---|---|---|
| 2011-03 | 1 | uninsured deposits >50% |  |
| 2011-06 | 1 |  |  |
| 2011-09 | 1 |  |  |
| 2011-12 | 0 |  | uninsured deposits >50% |
| 2012-03 | 0 |  |  |
| 2012-06 | 3 | deposits shrinking, assets shrinking, uninsured deposits leaving |  |
| 2012-09 | 3 |  |  |
| 2012-12 | 0 |  | deposits shrinking, assets shrinking, uninsured deposits leaving |
| 2013-03 | 1 | uninsured deposits >50% |  |
| 2013-06 | 1 |  |  |
| 2013-09 | 1 |  |  |
| 2013-12 | 1 |  |  |
| 2014-03 | 3 | deposits shrinking, assets shrinking |  |
| 2014-06 | 1 |  | deposits shrinking, assets shrinking |
| 2014-09 | 1 |  |  |
| 2014-12 | 1 |  |  |
| 2015-03 | 1 |  |  |
| 2015-06 | 1 |  |  |
| 2015-09 | 2 | noncurrent p90 |  |
| 2015-12 | 1 |  | noncurrent p90 |
| 2016-03 | 1 |  |  |
| 2016-06 | 3 | deposits shrinking, assets shrinking |  |
| 2016-09 | 3 |  |  |
| 2016-12 | 1 |  | deposits shrinking, assets shrinking |
| 2017-03 | 1 |  |  |
| 2017-06 | 1 |  |  |
| 2017-09 | 1 |  |  |
| 2017-12 | 1 |  |  |
| 2018-03 | 2 | capital falling |  |
| 2018-06 | 1 |  | capital falling |
| 2018-09 | 2 | deposits shrinking |  |
| 2018-12 | 1 |  | deposits shrinking |
| 2019-03 | 1 |  |  |
| 2019-06 | 1 |  |  |
| 2019-09 | 1 |  |  |
| 2019-12 | 1 |  |  |
| 2020-03 | 1 |  |  |
| 2020-06 | 1 |  |  |
| 2020-09 | 1 |  |  |
| 2020-12 | 1 |  |  |
| 2021-03 | 1 |  |  |
| 2021-06 | 1 |  |  |
| 2021-09 | 1 |  |  |
| 2021-12 | 1 |  |  |
| 2022-03 | 2 | capital falling |  |
| 2022-06 | 2 | securities losses >30% of equity | capital falling |
| 2022-09 | 2 |  |  |
| 2022-12 | 2 |  |  |
| 2023-03 | 2 |  |  |
| 2023-06 | 4 | deposits shrinking, assets shrinking |  |
| 2023-09 | 5 | uninsured deposits leaving |  |
| 2023-12 | 2 |  | deposits shrinking, assets shrinking, uninsured deposits leaving |
| 2024-03 | 3 | capital falling |  |
| 2024-06 | 2 |  | capital falling |
| 2024-09 | 1 |  | securities losses >30% of equity |
| 2024-12 | 4 | securities losses >30% of equity, deposits shrinking, assets shrinking |  |
| 2025-03 | 3 |  | assets shrinking |
| 2025-06 | 1 |  | securities losses >30% of equity, deposits shrinking |
| 2025-09 | 3 | deposits shrinking, assets shrinking |  |
| 2025-12 | 1 |  | deposits shrinking, assets shrinking |
| 2026-03 | 1 |  |  |
| 2026-06 | 1 |  |  |

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

- 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
- 2026-02-18 [List Of Failed Banks: 2009-2026 - Bankrate](https://news.google.com/rss/articles/CBMiZEFVX3lxTFAtbi1TaWMteGEyOHdQbnlXd0tPRzM2WFJQZjdPdzViQTZFLVVHODJRTEdqRWhnMkxIOG5xMUVSWU5iNHZSbVpnQ2Z4TWdiMDVwN2NTdUNGd3dXZ2tGcGZ2VWVJRnM?oc=5) · Bankrate
- 2026-08-05 [Century Bank interim CEO Myers emphasizes community focus amid leadership changes - The Business Journals](https://news.google.com/rss/articles/CBMiiwFBVV95cUxPdTRycmJnaTBaY1NFOHB0QndKekp5ck5Ed01WdEx6SW4tSjdmSlpzdjVNUWx3RGs1TTdHalhLUGxzcHB5NlFGdjA5eXE2c2pUb3BPU3pWWFYyMTYwNzdrZ3V6VWh2aXpaMjIxTDF6d2w4VU9RSnNnRHVEUmFjT0Z6VDhxcnBrcUxydDRj?oc=5) · The Business Journals
- 2026-08-13 [Dennis C. Chavez Obituary (2026) - Rio Rancho, NM - Daniels Family Funeral Services - Sara Road Chapel - legacy.com](https://news.google.com/rss/articles/CBMiggFBVV95cUxQR3psSXo3WVotSVU1STlnWXpBOFJPZ3M4WmNhTUNPODJwRlM0ZThxRkR5SU11NkQzSFBPcnRITTJ6dXUzYmp2RUhZV2hZejFCWUtZdkpmSmtDeVN3Y0VRY2ZRR2J4eTE4aU5kbTdkWGYxdjZ0blFXTldhcWJHaXplelpR?oc=5) · legacy.com
- 2023-02-03 [Taos Plaza U.S. Bank branch set to close - The Taos News](https://news.google.com/rss/articles/CBMixwFBVV95cUxQNlZPeWQxbXVPS1VpMy1NUlJLRlBMTUI3QkJjSTV3czZhSGh2UUhhbDR5MmZleGh2cGZwbVNrbm1fOFlIV2hSNmlIcHVSOFJQaUNIenNPMFVqRXJHY0J6dlMtNHNXVHR1QzNMOWdrYXBYSGdlLWpiTG9yQkJad1hxVm8wZjlSemdtS184RFcxdGJuQlQwZ2dJOUI1eGg1Uk9HaF82a25IXzNOc0V6ajFIXzRHZ2lsNXdZbUQ5WkduY29VeFhzdXhz?oc=5) · The Taos News
- 2019-10-21 [Local Bank is swallowed by California Corporation - Wet Mountain Tribune](https://news.google.com/rss/articles/CBMilwFBVV95cUxNRlo4RDJJZnVKNTI0ZGxaZ0RVZ3R4ckhiaU5HTzI5cERPenVTSzY1elVKTktMZlVPTVdhcTJYRXVGZUYtbTR0ZGZwRi1KVk1rUGxuVWw5LWlrb290RjdCRVg1Z3hiY0k1X1A1ejhKQlg4RVJNN1ZYNVhHWWI4MUVCQVNJU1pHdWlKRXUycHROc0t5VnJxOFlR?oc=5) · Wet Mountain Tribune
- 2022-07-07 [First State Bank celebrates 75 years in Socorro - dchieftain](https://news.google.com/rss/articles/CBMijwFBVV95cUxNS2RQbElCemN2MTNYNzBEQi1DVzJZUFdxQzRsRTVORkpFcHhtbFBRSGRlS2FjMlhkcTV2U0pCajN2TzJWNWI3UXRUd0xwek9LeUFXdU4xeU91UHNkWHBhQjBEb0JIYl9VckM5TU0xU3hNVGJRUFJncllsT2RwY0FPWTFDdW5sM2JfXzE1b29NQQ?oc=5) · dchieftain
- 2019-06-07 [NMT Celebrates Successful Fundraising Effort With Ground-Breaking - New Mexico Tech](https://news.google.com/rss/articles/CBMiZ0FVX3lxTE9xSTBfNE53ei1sUmdrVVgtazNUQnMyMFVlbnl0OXJ2V0xLRS1RX1F6QVl1dlhVNzFvWTU1MTJtQmh6TXF3cG5BcklISkZQcVdHai1jZ1FMNWNvSjJlbnZ6Z0xwS21MNTg?oc=5) · New Mexico Tech

## How to verify

- Page: https://getbookiq.com/bank-desk/#bank=16600 (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/24.json (key "16600", 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