# RUTH STATE BANK
RUTH, MI · FDIC certificate 17210 · asset band <$300M · latest filing 2016-03 · stopped filing (departed)

**Verdict on the desk:** this could be *credit-stressed*. 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 | $36.6M | |
| Deposits | $33.9M | |
| Loans and leases | $7.7M | |
| Total equity | $2.8M | |
| Loans / deposits | 22.39% (p4 of band) | 72.92% |
| Liquid assets / assets | 75.28% (p96 of band) | |
| Uninsured deposits / deposits | 11.63% (p40 of band) | 13.88% |
| Brokered deposits | 0.00% | |
| Wholesale funding | 0.00% (p18 of band) | |
| FHLB advances / assets | 0.00% | |
| Tier 1 leverage | 7.42% (p3 of band) | 10.70% |
| Unrealized securities loss / equity | 4.23% (p82 of band) | 1.19% |
| AOCI / equity | 4.99% (p99 of band) | |
| ROA (annualized) | -6.14% (p0 of band) | 0.83% |
| Net interest margin | 2.35% (p5 of band) | 3.64% |
| Efficiency ratio | 362.96% (p100 of band) | |
| Noncurrent loans | 2.32% (p83 of band) | 0.70% |
| Net charge-offs (annualized) | 0.00% (p46 of band) | |
| Reserve coverage of noncurrent | 74.30% | |
| Real estate % of loans | 62% | |
| Construction % of loans | 0.00% (p7 of band) | |
| Auto loans | $187,000 (2.42% of loans; DQ 0.00%, NCO 0.00%) | |
| Loans to nondepository financials | $0 (0% of equity) (p48 of band) | |
| Deposits YoY | 6.2% | |
| Employees | 5 | |

## Flags firing in the latest filing

- **capital falling** (`cap_falling`)
- **losing money** (`earn_negative`)
- **expense ratio p90** (`earn_efficiency`)
- **NIM <2.5%** (`earn_nim`)
- **reserve under noncurrent** (`aq_reserve`)

## Warning timeline

| Quarter | Score | Flags that first fired | Flags that cleared |
|---|---|---|---|
| 2011-03 | 2 | NIM <2.5%, reserve under noncurrent |  |
| 2011-06 | 3 | losing money |  |
| 2011-09 | 4 | expense ratio p90 |  |
| 2011-12 | 5 | capital falling |  |
| 2012-03 | 3 |  | losing money, expense ratio p90 |
| 2012-06 | 2 |  | capital falling |
| 2012-09 | 2 |  |  |
| 2012-12 | 2 |  |  |
| 2013-03 | 3 | capital falling |  |
| 2013-06 | 2 |  | capital falling |
| 2013-09 | 1 |  | reserve under noncurrent |
| 2013-12 | 1 |  |  |
| 2014-03 | 2 | capital falling |  |
| 2014-06 | 1 |  | capital falling |
| 2014-09 | 1 |  |  |
| 2014-12 | 3 | reserve under noncurrent, uninsured deposits leaving |  |
| 2015-03 | 2 |  | uninsured deposits leaving |
| 2015-06 | 2 |  |  |
| 2015-09 | 3 | uninsured deposits leaving |  |
| 2015-12 | 2 |  | reserve under noncurrent |
| 2016-03 | 5 | capital falling, losing money, expense ratio p90, reserve under noncurrent | uninsured deposits leaving |

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

- 2018-07-31 [Ashley Puvalowski named 2018 Huron County Bean Queen - Huron Daily Tribune](https://news.google.com/rss/articles/CBMirwFBVV95cUxQVFplanZZVS1oRGZEMG1WN0doWTNORUE1YWlBcUFMSUlYOXNZblVfRDVXdTFXTkh0dWtGbzNRMDUtelhrQk9nUmdfSlIwREo4dG1KdWpjNlBseFVVUmU2dkg1dk41QlpBbWNoSFBvRjlGQk9LYjBRaTR3SmxtcEl2T3RoQ194U0xueVhvNHNRdTBoN0t6V2xBT2VzZ2lyZFEyQ3pwdENjNEFfeERERWRB?oc=5) · Huron Daily Tribune
- 2012-05-17 [Isabelle Rutkowski still at U-M children’s hospital - Huron County View](https://news.google.com/rss/articles/CBMikgFBVV95cUxNQm9JNnl6aHBXZ3hMWVVELTRMV3pyWUd6MUZ2VXVPc1dNZWtnbzVXSmZoUTZWdDZ0Rl9ld3hnTUtibWYtWmtNMXZHYURNR3RJalJmVE1sczYzUnlOem8yWXlxYVo4cGh0N0lUWGhrQWtRQnA1RXdySmxMMFgxY2xvYWZTRlpjOHZnNXUzS1VMWUxWdw?oc=5) · Huron County View
- 2017-06-14 [Kay Goebel Obituary (1958 - 2017) - Bad Axe, MI - Huron Daily Tribune - Legacy obituary](https://news.google.com/rss/articles/CBMikgFBVV95cUxNVy1wUG1xTEd4T05GSDd6aS1UdUtzbzc0VnllYUxzbHVpMV9GMlhULTZ1UFJaZXZRb2xmcndRNnE4a08yNlRRdDRJTGw4NV90NGJnUlMxLWlYY2NIWXZYU1FWb082aUphM2ZmU09CZUI4blZqUEJGT0FCejRhWXRFaHlBQ1JmRlgzS1ZHX2xfVnBvdw?oc=5) · Legacy obituary
- 2014-05-07 [Geraldine Mae (Suida) Zinger - Huron Daily Tribune](https://news.google.com/rss/articles/CBMiigFBVV95cUxQbHpsRGtZNHN3WV9OLXJlRDJtRzFhenFmSmN3R1Q3SU5fWUtNUERpemFPU3FoRElpNUdCT3cwYmJJY2UtZ1VqSnB6S290cV9DY2k1ZklnYThGdnMxb2JSRXRzSmhWd3J3UmVUeHZycm9vV1dxOXE0cFJ3Z0czMGYxQVVSRl84eUFWaEE?oc=5) · Huron Daily Tribune

## How to verify

- Page: https://getbookiq.com/bank-desk/#bank=17210 (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/58.json (key "17210", 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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