# WASHINGTON STATE BANK
WASHINGTON, IL · FDIC certificate 16667 · asset band <$300M · latest filing 2026-06 · live

**Verdict on the desk:** this could be *run candidate*. 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 | $79.1M | |
| Deposits | $70.2M | |
| Loans and leases | $30.6M | |
| Total equity | $5.6M | |
| Loans / deposits | 42.31% (p13 of band) | 73.59% |
| Liquid assets / assets | 61.18% (p88 of band) | |
| Uninsured deposits / deposits | 25.63% (p70 of band) | 19.81% |
| Brokered deposits | 0.00% | |
| Wholesale funding | 4.10% (p69 of band) | |
| FHLB advances / assets | 1.26% | |
| Tier 1 leverage | 9.10% (p12 of band) | 11.76% |
| Unrealized securities loss / equity | -41.67% (p9 of band) | -6.57% |
| AOCI / equity | -6.06% (p1 of band) | |
| ROA (annualized) | 0.75% (p28 of band) | 1.17% |
| Net interest margin | 2.25% (p3 of band) | 3.93% |
| Efficiency ratio | 57.72% (p30 of band) | |
| Noncurrent loans | 1.03% (p72 of band) | 0.36% |
| Net charge-offs (annualized) | 0.07% (p84 of band) | |
| Reserve coverage of noncurrent | 290.51% | |
| Real estate % of loans | 82% | |
| Construction % of loans | 5.69% (p30 of band) | |
| Auto loans | $1.7M (5.65% of loans; DQ 2.02%, NCO 0.00%) | |
| Loans to nondepository financials | $0 (0% of equity) (p48 of band) | |
| Deposits YoY | 0.7% | |
| Employees | 8 | |

## Flags firing in the latest filing

- **securities losses >30% of equity** (`cap_secloss`)
- **NIM <2.5%** (`earn_nim`)

## 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 | 2 | capital falling |  |
| 2012-03 | 1 |  | capital falling |
| 2012-06 | 1 |  |  |
| 2012-09 | 1 |  |  |
| 2012-12 | 1 |  |  |
| 2013-03 | 1 |  |  |
| 2013-06 | 1 |  |  |
| 2013-09 | 1 |  |  |
| 2013-12 | 0 |  | reserve under noncurrent |
| 2014-03 | 1 | capital falling |  |
| 2014-06 | 0 |  | capital falling |
| 2014-09 | 1 | reserve under noncurrent |  |
| 2014-12 | 2 | deposits shrinking, assets shrinking | reserve under noncurrent |
| 2015-03 | 3 | reserve under noncurrent |  |
| 2015-06 | 4 | uninsured deposits leaving |  |
| 2015-09 | 0 |  | deposits shrinking, assets shrinking, reserve under noncurrent, uninsured deposits leaving |
| 2015-12 | 2 | capital falling, reserve under noncurrent |  |
| 2016-03 | 2 | charge-offs p90, deposits shrinking | capital falling, reserve under noncurrent |
| 2016-06 | 2 | reserve under noncurrent | deposits shrinking |
| 2016-09 | 3 | capital falling |  |
| 2016-12 | 4 | noncurrent p90 |  |
| 2017-03 | 2 |  | charge-offs p90, capital falling |
| 2017-06 | 2 |  |  |
| 2017-09 | 2 |  |  |
| 2017-12 | 3 | capital falling |  |
| 2018-03 | 3 | charge-offs p90 | capital falling |
| 2018-06 | 3 |  |  |
| 2018-09 | 3 |  |  |
| 2018-12 | 3 | capital falling | noncurrent p90 |
| 2019-03 | 1 |  | charge-offs p90, capital falling |
| 2019-06 | 1 |  |  |
| 2019-09 | 1 |  |  |
| 2019-12 | 2 | capital falling |  |
| 2020-03 | 2 | noncurrent p90 | capital falling |
| 2020-06 | 1 |  | noncurrent p90 |
| 2020-09 | 2 | NIM <2.5% |  |
| 2020-12 | 3 | capital falling |  |
| 2021-03 | 2 |  | capital falling |
| 2021-06 | 2 |  |  |
| 2021-09 | 2 |  |  |
| 2021-12 | 3 | capital falling |  |
| 2022-03 | 4 | AOCI drag >20% of equity, securities losses >30% of equity | capital falling |
| 2022-06 | 4 |  |  |
| 2022-09 | 4 |  |  |
| 2022-12 | 5 | capital falling, noncurrent p90 | NIM <2.5% |
| 2023-03 | 3 |  | AOCI drag >20% of equity, capital falling |
| 2023-06 | 3 |  |  |
| 2023-09 | 2 |  | noncurrent p90 |
| 2023-12 | 3 | capital falling |  |
| 2024-03 | 4 | NIM <2.5%, charge-offs p90 | capital falling |
| 2024-06 | 3 |  | charge-offs p90 |
| 2024-09 | 4 | noncurrent p90 |  |
| 2024-12 | 4 | capital falling | noncurrent p90 |
| 2025-03 | 3 |  | capital falling |
| 2025-06 | 2 |  | reserve under noncurrent |
| 2025-09 | 3 | reserve under noncurrent |  |
| 2025-12 | 3 | losing money | reserve under noncurrent |
| 2026-03 | 2 |  | losing money |
| 2026-06 | 2 |  |  |

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

- 2023-06-22 [Washington State Bank welcomes Landon Thiele - Oskaloosa Herald](https://news.google.com/rss/articles/CBMi0gFBVV95cUxObHVBa19IQklXWVAtc3VlYmdTYVlSVkNkeEliQU1qbmxuLTZCTHRzSlEwZTU2RWl6SEpHNVVaYWR2V19ZZmxZZmNoSEpUN2M0M3NZWVQwWkhJejBIT2lhZDhrZml3U1BaTHlMMVlXdm4zUEo0YUZJNWhKd3dZOFFUQ0w3QTRLSnB5MGV6TDVNVFlkdWZNMUw2MDc5TEE5ZjlsM2x6M3FwMzdqYXdVVTE1Y1NwU29ZN2lrTjlzUGdnUHM2ODlvaGpqcFZmaV9QUXNnR3c?oc=5) · Oskaloosa Herald
- 2025-06-10 [Bank ATM robbery; new video shows arrest - FOX6 News Milwaukee](https://news.google.com/rss/articles/CBMiekFVX3lxTE4yX043ejluWlJKbDBLdkdzeVFRNC04cHppR1hLa2JWTnRFaUw4aXYyVXlHN2VGcDBaZXRmUVlPWGVNZDVfLUN6ZWlheFE4b0htYXVBcG1xbDRHS1VicDM1OF95RmRjd1djaTdpVVZDanhaRThaY0lmc3VR0gF_QVVfeXFMTnIyV04xcmlBMmtCTW1XczZkb0VDUGJobkhpTWN1aWxVRm1fZFBzcnV5ZzhGQlNWUG9Qd3dicXYxRHpOWnZNZXpQRTJEODFZYW96ZkpmN19TcEFZMW9LZFRSRFdfc0RWaE55NFF1VVQxSW9sWURaV3kwTGJuRjZMZw?oc=5) · FOX6 News Milwaukee
- 2025-04-08 [America's Best Regional Banks and Credit Unions 2025 - Iowa - Newsweek Rankings](https://news.google.com/rss/articles/CBMiigFBVV95cUxNdDNERG9UY2kxckVvZnQwUlVpcHY4VXdGc2Q4a1RhOXNncGF5ZmZfNGFwVm5ZMGt1N2VXZGttYmZzZWluNVo5X1dQb29Jd3ExRFJGQUkydjhjWU5fUThfQktxRWxIZ1hQZXFFMmY5VXNNTkJIR2R6cThpekloYVQ5R0VZYVpYdWVPNFE?oc=5) · Newsweek Rankings
- 2026-04-22 [Nancy E. Cushing Obituary Oct 17, 2018 - Mason Funeral Homes | Metamora, IL](https://news.google.com/rss/articles/CBMiakFVX3lxTFBSS19TbFNJeFRaU2tpVHdvcV9EcnE0OWk3ekpQZEhMU2VhWG5UR29GQ1JRU2RCSHI4TFNPZUtiZC1CaTdpakR5b0lNNWVzVEVFMjJadzlKV29UNk9wQlRhYjhMWHJ3eDJvVkE?oc=5) · Mason Funeral Homes | Metamora, IL
- 2025-05-22 [Suspect in custody after ATM robbery at Cedarburg bank - GMToday.com](https://news.google.com/rss/articles/CBMi3wFBVV95cUxNN0VTamZ2czVUTHhja0I2RkNkR1R3cG5vZDBtdzZ3RlY0SEJreVZ1M1ZKY0JtUlZNeDMxRDNUeFU4NFBTM3FLVENnaVZZMXc2ZzFLR0ROcnZKVFgwV1MyV0lxS19rb2dxVXIzWEtwdWVQTFF3MmFaY1o1dUFjMFNpZjdxUEpWWHNadHFvaTIyS1RiX0RMX09KUU1YUTgzNkxqVmdNbDJvM085VVJDQWlIZGEtYWtHTzhWS1l0REZuaDZkS25PdGxRSU1mbHg5TmFYRTZlajJyMEJiUTVaQW13?oc=5) · GMToday.com
- 2025-05-20 [Bank ATM robbery suspects sought - FOX6 News Milwaukee](https://news.google.com/rss/articles/CBMilgFBVV95cUxQSUNOT1R4RXM5T3VKanVXOUJEY3BZVUpCc0l3TUNxVnJISXFPd295OHpxRk5NdzYxdHIwd2pxUmVqbjQ0R2JLQzhoLUM0MzNaZ0hGSno4N0d6UjBRUzZONG5nOXJhellwenBySDdjd251dmVwSnljTVpyV3FkOVpYV0V6LURqU3NvRzBFUjJyWjdnc3VCaGfSAZsBQVVfeXFMTko1T2I2MEtocEVhWVJFSUNocVVIa2ZKV3BXZi1BY1h5WW0xZ2RrYklYUVdiWF9wWEF4MFZmamp2TmlvdUR0M0E4Q2dEV2F6WmJoSGQ2emRVZWRLb1lxSmFyX29HTVpEd1FEekRJYU9YRmxYN3JNbXU2eWJobFl4TWg2MWpqZWJYWVJUeVBlcEliSFZLcmpBWmYyWTA?oc=5) · FOX6 News Milwaukee
- 2021-10-21 [Molly Sweeney Obituary (1981 - 2015) - East Peoria, IL - Peoria Journal Star - legacy.com](https://news.google.com/rss/articles/CBMiiwFBVV95cUxOckZFLURrbk5MbU9VOTQtNjJTbHFQYnFIZFhRSmx6emt4bG9sSHpMOHZTVmN1eXNQMWliR0ZPWVFkSjRQWDZkcnRtcUY5eWJEbkVDVU9WZkh1cl9Kc2tHTnl2YjVhOHdXcnZsamFEejBtQ2R4aUxSZFJKR3hoYlJVN0tESWc2ZUZCLXVR?oc=5) · legacy.com
- 2024-11-17 [Stephen Summer Obituary Nov 17, 2024 - Mason Funeral Homes | Metamora, IL](https://news.google.com/rss/articles/CBMia0FVX3lxTE41dXpobFJUcGVNTDRhUENQbGZOV3ltaGxSWi1HWEtUcURfdXhULTFmMExJdUJSN0oydUl3d0s1WU5QTU5PZENoSnE0SmM2VzVnazVUWlZiSElSV2JwLXhqWHJlcHoxQjRnWGpF?oc=5) · Mason Funeral Homes | Metamora, IL

## How to verify

- Page: https://getbookiq.com/bank-desk/#bank=16667 (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/27.json (key "16667", 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