# ALDEN STATE BANK
ALDEN, MI · FDIC certificate 17622 · asset band $300M-1B · latest filing 2026-06 · live

**Verdict on the desk:** this could be *liquidity-rich*. Composite score 0 (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 | $318.4M | |
| Deposits | $276.4M | |
| Loans and leases | $196.0M | |
| Total equity | $40.1M | |
| Loans / deposits | 69.09% (p24 of band) | 82.04% |
| Liquid assets / assets | 35.10% (p75 of band) | |
| Uninsured deposits / deposits | 24.53% (p45 of band) | 25.97% |
| Brokered deposits | 0.00% | |
| Wholesale funding | 0.00% (p11 of band) | |
| FHLB advances / assets | 0.00% | |
| Tier 1 leverage | 12.71% (p76 of band) | 10.81% |
| Unrealized securities loss / equity | -5.06% (p63 of band) | -8.10% |
| AOCI / equity | -1.65% (p11 of band) | |
| ROA (annualized) | 1.77% (p78 of band) | 1.28% |
| Net interest margin | 4.47% (p81 of band) | 3.91% |
| Efficiency ratio | 50.85% (p20 of band) | |
| Noncurrent loans | 0.26% (p38 of band) | 0.43% |
| Net charge-offs (annualized) | 0.02% (p62 of band) | |
| Reserve coverage of noncurrent | 976.38% | |
| Real estate % of loans | 82% | |
| Construction % of loans | 54.14% (p60 of band) | |
| Auto loans | $3.8M (1.93% of loans; DQ 0.00%, NCO 0.00%) | |
| Loans to nondepository financials | $0 (0% of equity) (p45 of band) | |
| Deposits YoY | -1.5% | |
| Employees | 31 | |

## Flags firing in the latest filing

- none

## Warning timeline

| Quarter | Score | Flags that first fired | Flags that cleared |
|---|---|---|---|
| 2011-03 | 2 | charge-offs p90, reserve under noncurrent |  |
| 2011-06 | 2 | losing money | charge-offs p90 |
| 2011-09 | 2 | capital falling | losing money |
| 2011-12 | 3 | losing money, charge-offs p90 | capital falling |
| 2012-03 | 2 | uninsured deposits leaving | losing money, charge-offs p90 |
| 2012-06 | 2 | charge-offs p90 | uninsured deposits leaving |
| 2012-09 | 2 |  |  |
| 2012-12 | 3 | capital falling |  |
| 2013-03 | 1 |  | charge-offs p90, capital falling |
| 2013-06 | 2 | charge-offs p90 |  |
| 2013-09 | 1 |  | reserve under noncurrent |
| 2013-12 | 1 |  |  |
| 2014-03 | 0 |  | charge-offs p90 |
| 2014-06 | 0 |  |  |
| 2014-09 | 0 |  |  |
| 2014-12 | 0 |  |  |
| 2015-03 | 0 |  |  |
| 2015-06 | 0 |  |  |
| 2015-09 | 0 |  |  |
| 2015-12 | 0 |  |  |
| 2016-03 | 0 |  |  |
| 2016-06 | 0 |  |  |
| 2016-09 | 0 |  |  |
| 2016-12 | 0 |  |  |
| 2017-03 | 0 |  |  |
| 2017-06 | 0 |  |  |
| 2017-09 | 1 | capital falling |  |
| 2017-12 | 1 |  |  |
| 2018-03 | 0 |  | capital falling |
| 2018-06 | 0 |  |  |
| 2018-09 | 0 |  |  |
| 2018-12 | 0 |  |  |
| 2019-03 | 0 |  |  |
| 2019-06 | 0 |  |  |
| 2019-09 | 1 | capital falling |  |
| 2019-12 | 0 |  | capital falling |
| 2020-03 | 0 |  |  |
| 2020-06 | 0 |  |  |
| 2020-09 | 1 | capital falling |  |
| 2020-12 | 1 |  |  |
| 2021-03 | 0 |  | capital falling |
| 2021-06 | 0 |  |  |
| 2021-09 | 1 | capital falling |  |
| 2021-12 | 1 |  |  |
| 2022-03 | 1 |  |  |
| 2022-06 | 1 |  |  |
| 2022-09 | 1 |  |  |
| 2022-12 | 0 |  | capital falling |
| 2023-03 | 3 | deposits shrinking, assets shrinking, uninsured deposits leaving |  |
| 2023-06 | 3 |  |  |
| 2023-09 | 3 |  |  |
| 2023-12 | 1 |  | deposits shrinking, assets shrinking |
| 2024-03 | 0 |  | uninsured deposits leaving |
| 2024-06 | 0 |  |  |
| 2024-09 | 1 | capital falling |  |
| 2024-12 | 0 |  | capital falling |
| 2025-03 | 0 |  |  |
| 2025-06 | 0 |  |  |
| 2025-09 | 0 |  |  |
| 2025-12 | 0 |  |  |
| 2026-03 | 0 |  |  |
| 2026-06 | 0 |  |  |

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

- 2022-02-15 [Red Hot Best 2021: Northern Michigan’s Top 7 Banking Institutions - mynorth.com](https://news.google.com/rss/articles/CBMilAFBVV95cUxPeHZkRUJzRUpodHRiMEZ5WVF5ZU5ual9WV0R6cjNBTUZvcER1M2VRN3VHOUcxcVhCWmRfZVJ2NW85eVVRWVJ5MTJSQUhVM2ZpNlNvdWZaekVRVEQ0ZktQRnN5eUNXdG92bHp2NHV2Q205OFdEc3pJdldLQVRIbGVjY09yckNMSW1YaC10MmxNUnA3QUxn?oc=5) · mynorth.com
- 2015-01-15 [Peter Stephenson Obituary Jan 15, 2015 - Mortensen Funeral Homes](https://news.google.com/rss/articles/CBMic0FVX3lxTE5vdGFJTThwWjZxVGdjLXUwZTFPelZYNUJxcjBlQmRjOEdrZWhaZ3pIcVdYRG5rZ0s3c1dXMGVMejJtaW9QQjhodHV6NzBST3YxRnR6d1ZsVjRxOTdZbVZpSjNwRkkwN3RySnYwTDVnblJjTDQ?oc=5) · Mortensen Funeral Homes
- 2019-05-20 [Jane Trierweiler Obituary & Funeral | Elk Rapids, MI - Life Story Funeral Homes - Traverse City](https://news.google.com/rss/articles/CBMiaEFVX3lxTE94Z0dvR09fbkJyZUFlWms5UGh5R3BpbEVCZ0pETVJ2TEZtSUhMOW80Rkl2R1k1aXZia0ZFNDVycURpVXdnNmNTaTE4RG1pbjJlbHJhN2Q3a1pyR3RKaW12a3NFNk1xNjlX?oc=5) · Life Story Funeral Homes - Traverse City
- 2018-03-18 [James Buckler Obituary - Elk Rapids, MI - Dignity Memorial](https://news.google.com/rss/articles/CBMihAFBVV95cUxOQTVoVUdkT3VXNFlKajJWUzJHRldjNU95VndxcnZBSFZ0X0FRQW1HNklsWjNYSkxFOFVLYjBtX2RmSUwtRjdLaWtUZW9wSlV6LVpOWjZuZ2VLNFRPNjNjREJqcWNld1llMkFhNVhmbFVGRll2YjhTWlk0amFiN3dzN0R4Y3Q?oc=5) · Dignity Memorial
- 2013-12-10 [Joseph Canavan Obituary Dec 10, 2013 - Mortensen Funeral Homes](https://news.google.com/rss/articles/CBMicEFVX3lxTFB4STRTY192NFhEdWdma0FsZHRsVUtNb0dQbjRqc3VaR2taUkc4U2tIeDZrNzRaZ1dXY2xFRDJuUEcwMXphOWh5WC0yTC1aV1BFY3Iwc0d0VWt3Q0N4SzM2R3BIZFM1ZU5LeUVxU0xaNFA?oc=5) · Mortensen Funeral Homes
- 2014-06-20 [William Iser Obituary Jun 20, 2014 - Mortensen Funeral Homes](https://news.google.com/rss/articles/CBMibkFVX3lxTE5KaVlZSUNjYTEtOURUNUhrOFFnSUtkLTFWT29OQ3RkcVBRU0lRYkptd2JDYjk5bk1VaEpzbU5vYjNmeFVGbTlwVkpLOEQyM2pWTE9UT0ZjbkpGQ3YzTGZNcUFoajJtcFMzbFlPVkxB?oc=5) · Mortensen Funeral Homes
- 2021-04-25 [Ryan Major Obituary Apr 25, 2021 - Mortensen Funeral Homes](https://news.google.com/rss/articles/CBMia0FVX3lxTE4xQ3hYVGx1VlY1azRiOFE3Qy04QVJHRHl3M04weE93bUIwS1VsaDFpUTI0ZF9nVEFPTmJ3NnozS2xGQzFpUFR0cWtDQkhtY1dIMm81d0tyQy1Lc2RhMnlpWkJBZ3F5bjI1V0Iw?oc=5) · Mortensen Funeral Homes
- 2015-04-05 [William Smith Obituary Apr 5, 2015 - Mortensen Funeral Homes](https://news.google.com/rss/articles/CBMib0FVX3lxTFBJdG05YUN4SlV0ODZRQkFhU3Y2Ym9HbVlxejFycXNXLTJwNHdoYU9aTmlWSTVVUHkzM2V1eDk2N2NPR25XNlpiNlhCM3M2QXZVY0pydFA4RzRvZWVqMFhEUUZOMjNfY0tXRndSdWV2OA?oc=5) · Mortensen Funeral Homes

## How to verify

- Page: https://getbookiq.com/bank-desk/#bank=17622 (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/22.json (key "17622", 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