# FRANKLIN STATE BANK
FRANKLIN, MN · FDIC certificate 16778 · asset band <$300M · latest filing 2025-03 · stopped filing (departed)

**Verdict on the desk:** this could be *credit-stressed*. 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 | $44.5M | |
| Deposits | $38.6M | |
| Loans and leases | $23.8M | |
| Total equity | $5.6M | |
| Loans / deposits | 60.92% (p34 of band) | 70.65% |
| Liquid assets / assets | 43.74% (p67 of band) | |
| Uninsured deposits / deposits | 14.90% (p32 of band) | 19.26% |
| Brokered deposits | 0.00% | |
| Wholesale funding | 0.00% (p22 of band) | |
| FHLB advances / assets | 0.00% | |
| Tier 1 leverage | 12.85% (p63 of band) | 11.50% |
| Unrealized securities loss / equity | -4.49% (p67 of band) | -11.46% |
| AOCI / equity | 0.69% (p39 of band) | |
| ROA (annualized) | -0.74% (p4 of band) | 1.00% |
| Net interest margin | 3.17% (p27 of band) | 3.68% |
| Efficiency ratio | 129.55% (p97 of band) | |
| Noncurrent loans | 0.02% (p29 of band) | 0.28% |
| Net charge-offs (annualized) | 0.00% (p43 of band) | |
| Reserve coverage of noncurrent | 5220.00% | |
| Real estate % of loans | 67% | |
| Construction % of loans | 3.36% (p25 of band) | |
| Auto loans | $1.9M (8.15% of loans; DQ 0.00%, NCO 0.00%) | |
| Loans to nondepository financials | $0 (0% of equity) (p48 of band) | |
| Deposits YoY | 6.1% | |
| Employees | 6 | |

## Flags firing in the latest filing

- **losing money** (`earn_negative`)
- **expense ratio p90** (`earn_efficiency`)

## 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 | 0 |  |  |
| 2012-09 | 0 |  |  |
| 2012-12 | 0 |  |  |
| 2013-03 | 1 | capital falling |  |
| 2013-06 | 1 | uninsured deposits leaving | capital falling |
| 2013-09 | 3 | deposits shrinking, assets shrinking |  |
| 2013-12 | 3 |  |  |
| 2014-03 | 3 |  |  |
| 2014-06 | 1 |  | deposits shrinking, assets shrinking |
| 2014-09 | 1 |  |  |
| 2014-12 | 0 |  | uninsured deposits leaving |
| 2015-03 | 0 |  |  |
| 2015-06 | 0 |  |  |
| 2015-09 | 0 |  |  |
| 2015-12 | 1 | capital falling |  |
| 2016-03 | 2 | uninsured deposits leaving |  |
| 2016-06 | 1 |  | capital falling |
| 2016-09 | 1 |  |  |
| 2016-12 | 1 |  |  |
| 2017-03 | 1 |  |  |
| 2017-06 | 1 |  |  |
| 2017-09 | 1 |  |  |
| 2017-12 | 0 |  | uninsured deposits leaving |
| 2018-03 | 0 |  |  |
| 2018-06 | 0 |  |  |
| 2018-09 | 0 |  |  |
| 2018-12 | 0 |  |  |
| 2019-03 | 0 |  |  |
| 2019-06 | 1 | reserve under noncurrent |  |
| 2019-09 | 2 | capital falling |  |
| 2019-12 | 2 |  |  |
| 2020-03 | 1 |  | capital falling |
| 2020-06 | 1 |  |  |
| 2020-09 | 2 | capital falling |  |
| 2020-12 | 1 |  | reserve under noncurrent |
| 2021-03 | 1 |  |  |
| 2021-06 | 0 |  | capital falling |
| 2021-09 | 0 |  |  |
| 2021-12 | 2 | capital falling, uninsured deposits leaving |  |
| 2022-03 | 2 | charge-offs p90 | uninsured deposits leaving |
| 2022-06 | 1 |  | capital falling |
| 2022-09 | 0 |  | charge-offs p90 |
| 2022-12 | 0 |  |  |
| 2023-03 | 0 |  |  |
| 2023-06 | 0 |  |  |
| 2023-09 | 0 |  |  |
| 2023-12 | 0 |  |  |
| 2024-03 | 1 | capital falling |  |
| 2024-06 | 1 |  |  |
| 2024-09 | 0 |  | capital falling |
| 2024-12 | 0 |  |  |
| 2025-03 | 2 | losing money, expense ratio p90 |  |

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

- 2025-08-26 [Banking Industry Outlook: U.S. Banking M&A Activity Mid-Year Review | Ankura - JD Supra](https://news.google.com/rss/articles/CBMiiAFBVV95cUxPSGwzQkdxQ1VaeEtXeDhxNVlJOEFYR1JGaDRrWkdScFAtdWtrWW5iSlNyLWxhd1pacEJLWUdtVGF6Zl83aGZOS1RYWmU5UVJRa3JHUFhRWWs2MDNwY0lQYzAwYlktb3FjeUtvT05JNFlzeHFfd2tTSjRBV3c3QmZweHZZdG5MMjZ0?oc=5) · JD Supra
- 2012-07-22 [Finding Minnesota: Catfish Derby Days - CBS News](https://news.google.com/rss/articles/CBMiggFBVV95cUxNRjhRQVlfa1gyRlJNbGpxTWVWMzRJdFNGckNCQ0ZrYjRMMWVlbEZXcVBhSjA2RDF1NV9vNkhobUNDZFYwazJpbHpzTllIRk5heTRtdXUtN3pFSF95NDlidDJVUDNzeGp2aG1SZDFtNk5fR0czampTQ1FtVkNsWDU1RUJ3?oc=5) · CBS News
- 2018-10-02 [Here are all of the banks that currently support Apple Pay - iMore](https://news.google.com/rss/articles/CBMid0FVX3lxTE9ZY3JkQUdrNTNjWmMzVFk2QXBlWExaRnI3bjVsQ28wVlFRWUc5TEVWMm5TWkZ6RmtKTTNZRUhKbExyS25yb2pnRTc5VklBeW13Mzk0aU9MWVNGbHpiMDJUM1pfOVFvdFhCdGpNLUJQVG9ybXYzNlc4?oc=5) · iMore
- 2016-08-13 [Robert Blomquist Obituary - Fort Myers, FL - Dignity Memorial](https://news.google.com/rss/articles/CBMiiAFBVV95cUxOak9abHJCaTdRMW1mZHdYWkJkQXB5NnNCRkhLNDFPaGlvNE43S3VCTEZ3RENUX3RFN0d6eTVZMEJySm15NGV1SGhtalgwSkdBZzVmT1RTanF3RnNHUlV1dVVESEdPYVl4eDNXQlppMnE1VE1zRWpLbUc5cjMtWE12eVp3ZDZjdWdn?oc=5) · Dignity Memorial

## How to verify

- Page: https://getbookiq.com/bank-desk/#bank=16778 (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/10.json (key "16778", 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