# STATE BANK OF BELLINGHAM
BELLINGHAM, MN · FDIC certificate 17062 · asset band <$300M · latest filing 2026-06 · live

**Verdict on the desk:** this could be *funding-stretched*. Composite score 5 (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 | $46.4M | |
| Deposits | $38.4M | |
| Loans and leases | $22.6M | |
| Total equity | $5.4M | |
| Loans / deposits | 58.08% (p27 of band) | 73.59% |
| Liquid assets / assets | 49.95% (p78 of band) | |
| Uninsured deposits / deposits | 11.00% (p18 of band) | 19.81% |
| Brokered deposits | 4.31% | |
| Wholesale funding | 9.17% (p84 of band) | |
| FHLB advances / assets | 4.85% | |
| Tier 1 leverage | 14.81% (p76 of band) | 11.76% |
| Unrealized securities loss / equity | -5.67% (p54 of band) | -6.57% |
| AOCI / equity | 5.58% (p100 of band) | |
| ROA (annualized) | 0.22% (p10 of band) | 1.17% |
| Net interest margin | 2.09% (p3 of band) | 3.93% |
| Efficiency ratio | 88.64% (p89 of band) | |
| Noncurrent loans | 2.50% (p89 of band) | 0.36% |
| Net charge-offs (annualized) | 0.00% (p38 of band) | |
| Reserve coverage of noncurrent | 52.04% | |
| Real estate % of loans | 70% | |
| Construction % of loans | 0.00% (p9 of band) | |
| Auto loans | $38,000 (0.17% of loans; DQ 23.68%, NCO 0.00%) | |
| Loans to nondepository financials | $0 (0% of equity) (p48 of band) | |
| Deposits YoY | -5.5% | |
| Employees | 5 | |

## Flags firing in the latest filing

- **NIM <2.5%** (`earn_nim`)
- **reserve under noncurrent** (`aq_reserve`)
- **deposits shrinking** (`shrink_deposits`)
- **assets shrinking** (`shrink_assets`)
- **uninsured deposits leaving** (`flight_uninsured`)

## Warning timeline

| Quarter | Score | Flags that first fired | Flags that cleared |
|---|---|---|---|
| 2011-03 | 1 | liquid assets <10% |  |
| 2011-06 | 0 |  | liquid assets <10% |
| 2011-09 | 1 | liquid assets <10% |  |
| 2011-12 | 0 |  | liquid assets <10% |
| 2012-03 | 0 |  |  |
| 2012-06 | 1 | liquid assets <10% |  |
| 2012-09 | 1 |  |  |
| 2012-12 | 2 | loans exceed deposits |  |
| 2013-03 | 0 |  | liquid assets <10%, loans exceed deposits |
| 2013-06 | 1 | liquid assets <10% |  |
| 2013-09 | 2 | loans exceed deposits |  |
| 2013-12 | 2 |  |  |
| 2014-03 | 3 | capital falling |  |
| 2014-06 | 2 |  | capital falling |
| 2014-09 | 3 | wholesale funding >15% |  |
| 2014-12 | 3 |  |  |
| 2015-03 | 2 |  | wholesale funding >15% |
| 2015-06 | 3 | wholesale funding >15% |  |
| 2015-09 | 3 |  |  |
| 2015-12 | 3 |  |  |
| 2016-03 | 3 |  |  |
| 2016-06 | 3 |  |  |
| 2016-09 | 3 |  |  |
| 2016-12 | 3 |  |  |
| 2017-03 | 3 |  |  |
| 2017-06 | 3 |  |  |
| 2017-09 | 3 |  |  |
| 2017-12 | 3 |  |  |
| 2018-03 | 3 |  |  |
| 2018-06 | 6 | noncurrent p90, reserve under noncurrent, deposits shrinking |  |
| 2018-09 | 7 | uninsured deposits leaving |  |
| 2018-12 | 6 | brokered >10% | liquid assets <10%, deposits shrinking |
| 2019-03 | 4 |  | noncurrent p90, uninsured deposits leaving |
| 2019-06 | 7 | noncurrent p90, assets shrinking, uninsured deposits leaving |  |
| 2019-09 | 3 |  | loans exceed deposits, reserve under noncurrent, noncurrent p90, uninsured deposits leaving |
| 2019-12 | 3 |  |  |
| 2020-03 | 3 |  |  |
| 2020-06 | 5 | NIM <2.5%, noncurrent p90, reserve under noncurrent | assets shrinking |
| 2020-09 | 5 | uninsured deposits leaving | noncurrent p90 |
| 2020-12 | 5 | capital falling | uninsured deposits leaving |
| 2021-03 | 5 |  |  |
| 2021-06 | 6 | expense ratio p90 |  |
| 2021-09 | 4 |  | capital falling, expense ratio p90 |
| 2021-12 | 5 | noncurrent p90 |  |
| 2022-03 | 5 | AOCI drag >20% of equity | noncurrent p90 |
| 2022-06 | 8 | securities losses >30% of equity, assets shrinking, uninsured deposits leaving |  |
| 2022-09 | 7 | noncurrent p90 | brokered >10%, uninsured deposits leaving |
| 2022-12 | 6 | brokered >10% | NIM <2.5%, securities losses >30% of equity |
| 2023-03 | 4 |  | AOCI drag >20% of equity, assets shrinking |
| 2023-06 | 3 |  | noncurrent p90 |
| 2023-09 | 3 |  |  |
| 2023-12 | 4 | noncurrent p90 |  |
| 2024-03 | 5 | NIM <2.5% |  |
| 2024-06 | 4 |  | noncurrent p90 |
| 2024-09 | 4 |  |  |
| 2024-12 | 4 | assets shrinking | reserve under noncurrent |
| 2025-03 | 4 | reserve under noncurrent | assets shrinking |
| 2025-06 | 5 | securities losses >30% of equity, assets shrinking, uninsured deposits leaving | brokered >10%, reserve under noncurrent |
| 2025-09 | 4 | deposits shrinking | wholesale funding >15%, securities losses >30% of equity |
| 2025-12 | 2 |  | assets shrinking, deposits shrinking |
| 2026-03 | 6 | capital falling, reserve under noncurrent, deposits shrinking, assets shrinking |  |
| 2026-06 | 5 |  | capital falling |

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

- 2020-10-17 [Gary Lee Blahosky Obituary Oct 17, 2020 - Mueller-Bies Funeral Homes](https://news.google.com/rss/articles/CBMiYEFVX3lxTE5uYk1TTzRNRE5NQUp3VDBMdGd2WWk2RldjLVFGUjlBY3dKMVdrR2NTX2ZhTTJhWkdNZndWYzdTdXR0NEVDNmhyNUdUd0w4RUptTkZsRV8tWmk2eGFUQ0NTdg?oc=5) · Mueller-Bies Funeral Homes
- 2016-06-22 [8th Circuit: Financial Institution Bond Provides Coverage for Fraudulent Wire Transfers - McGuireWoods](https://news.google.com/rss/articles/CBMioAFBVV95cUxQNy1lTVNfMUlOLTZjaUp6Z2dUZUVIbXlpTG1IS1NIcXpyWlMteURqWkQ0SFNLMWtfVWFnRUxVcWFDbnBBYWwtNzRBZXZrZ2hUS3djeXVEU3gwejdMQ09vSVYtcEp4ZElwVmhnMmNUSC1FQ3M3TUJQQ3lNRVppazBSRjJVZXdmQXhjWjZlN19zNlJiLVdTMVdfVUI0VW5LQ3Zz?oc=5) · McGuireWoods
- 2014-10-25 [Bad news for insurer, good news for insured - Cincinnati Enquirer](https://news.google.com/rss/articles/CBMimgFBVV95cUxPLUJwT1M3dGxRRFhONy1sbV9OZ3RCZkEzcEpEaEVBUHloZExWSE4yMjEyRndfRjVTRHF1LWYyVklXN1hpNHV6RGhTSVBvZ0pINmpuOGJXeEwwREE0WWlfTE1faXc5LXhCQVVwUUdDbWVSWDJyeUxEbi1BS1lkbk4xeVpoeFBWZ2Y0c3lEUXNZQUQ1cGk5RkM5SzJn?oc=5) · Cincinnati Enquirer

## How to verify

- Page: https://getbookiq.com/bank-desk/#bank=17062 (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/38.json (key "17062", 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