# FARMERS STATE BANK OF CALHAN
CALHAN, CO · FDIC certificate 1780 · asset band $300M-1B · 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 | $416.4M | |
| Deposits | $336.3M | |
| Loans and leases | $191.5M | |
| Total equity | $26.4M | |
| Loans / deposits | 56.48% (p10 of band) | 82.04% |
| Liquid assets / assets | 48.87% (p91 of band) | |
| Uninsured deposits / deposits | 29.29% (p64 of band) | 25.97% |
| Brokered deposits | 1.50% | |
| Wholesale funding | 14.11% (p86 of band) | |
| FHLB advances / assets | 12.32% | |
| Tier 1 leverage | 9.21% (p16 of band) | 10.81% |
| Unrealized securities loss / equity | -47.98% (p5 of band) | -8.10% |
| AOCI / equity | -1.35% (p15 of band) | |
| ROA (annualized) | 1.06% (p36 of band) | 1.28% |
| Net interest margin | 3.13% (p14 of band) | 3.91% |
| Efficiency ratio | 69.06% (p71 of band) | |
| Noncurrent loans | 0.41% (p49 of band) | 0.43% |
| Net charge-offs (annualized) | 0.01% (p58 of band) | |
| Reserve coverage of noncurrent | 195.92% | |
| Real estate % of loans | 82% | |
| Construction % of loans | 227.32% (p100 of band) | |
| Auto loans | $813,000 (0.42% of loans; DQ 0.12%, NCO 0.00%) | |
| Loans to nondepository financials | $0 (0% of equity) (p45 of band) | |
| Deposits YoY | 1.1% | |
| Employees | 53 | |

## Flags firing in the latest filing

- **securities losses >30% of equity** (`cap_secloss`)
- **construction >100% equity** (`conc_construction`)

## Warning timeline

| Quarter | Score | Flags that first fired | Flags that cleared |
|---|---|---|---|
| 2011-03 | 1 | reserve under noncurrent |  |
| 2011-06 | 1 |  |  |
| 2011-09 | 2 | capital falling |  |
| 2011-12 | 1 |  | reserve under noncurrent |
| 2012-03 | 0 |  | capital falling |
| 2012-06 | 0 |  |  |
| 2012-09 | 2 | capital falling, reserve under noncurrent |  |
| 2012-12 | 1 |  | reserve under noncurrent |
| 2013-03 | 1 | reserve under noncurrent | capital falling |
| 2013-06 | 1 |  |  |
| 2013-09 | 0 |  | reserve under noncurrent |
| 2013-12 | 1 | reserve under noncurrent |  |
| 2014-03 | 1 | wholesale funding >15% | reserve under noncurrent |
| 2014-06 | 3 | capital falling, reserve under noncurrent |  |
| 2014-09 | 3 |  |  |
| 2014-12 | 0 |  | wholesale funding >15%, capital falling, reserve under noncurrent |
| 2015-03 | 1 | reserve under noncurrent |  |
| 2015-06 | 3 | wholesale funding >15%, capital falling |  |
| 2015-09 | 2 |  | capital falling |
| 2015-12 | 3 | uninsured deposits leaving |  |
| 2016-03 | 2 | noncurrent p90 | wholesale funding >15%, uninsured deposits leaving |
| 2016-06 | 3 | wholesale funding >15% |  |
| 2016-09 | 2 |  | noncurrent p90 |
| 2016-12 | 4 | capital falling, construction >100% equity |  |
| 2017-03 | 4 | charge-offs p90 | capital falling |
| 2017-06 | 1 |  | reserve under noncurrent, construction >100% equity, charge-offs p90 |
| 2017-09 | 2 | reserve under noncurrent |  |
| 2017-12 | 2 |  |  |
| 2018-03 | 3 | construction >100% equity |  |
| 2018-06 | 3 |  |  |
| 2018-09 | 3 | capital falling | reserve under noncurrent |
| 2018-12 | 3 | reserve under noncurrent | capital falling |
| 2019-03 | 2 |  | reserve under noncurrent |
| 2019-06 | 2 |  |  |
| 2019-09 | 2 |  |  |
| 2019-12 | 2 |  |  |
| 2020-03 | 2 |  |  |
| 2020-06 | 1 |  | wholesale funding >15% |
| 2020-09 | 2 | capital falling |  |
| 2020-12 | 2 |  |  |
| 2021-03 | 1 |  | capital falling |
| 2021-06 | 2 | charge-offs p90 |  |
| 2021-09 | 3 | wholesale funding >15%, capital falling | charge-offs p90 |
| 2021-12 | 2 |  | wholesale funding >15% |
| 2022-03 | 4 | wholesale funding >15%, AOCI drag >20% of equity, securities losses >30% of equity | capital falling |
| 2022-06 | 4 |  |  |
| 2022-09 | 3 |  | wholesale funding >15% |
| 2022-12 | 4 | uninsured deposits leaving |  |
| 2023-03 | 2 |  | AOCI drag >20% of equity, uninsured deposits leaving |
| 2023-06 | 2 |  |  |
| 2023-09 | 4 | wholesale funding >15%, capital falling |  |
| 2023-12 | 4 |  |  |
| 2024-03 | 5 | uninsured deposits leaving |  |
| 2024-06 | 3 |  | capital falling, uninsured deposits leaving |
| 2024-09 | 2 |  | wholesale funding >15% |
| 2024-12 | 2 |  |  |
| 2025-03 | 2 |  |  |
| 2025-06 | 2 |  |  |
| 2025-09 | 3 | wholesale funding >15% |  |
| 2025-12 | 2 |  | wholesale funding >15% |
| 2026-03 | 2 |  |  |
| 2026-06 | 2 |  |  |

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

- 2024-07-22 [These are Denver's strongest banks - The Business Journals](https://news.google.com/rss/articles/CBMijAFBVV95cUxQUVBWTFV1OVNVWHByd1BaVjdXV1RadFR1RlVLUWQxdHJmMndFZVN2eXpZSzFWRzdGOEhOZlNrWnZkZ2pWenFBWDMyMUcxdXlOTnBBU25FT3hHMzJNNFg5ZU1BaTlRaXloeHZrbGJNaEduOHl4ejh2NUwyLWtMSnJKbDdTVmZIUXJLcG84Wg?oc=5) · The Business Journals
- 2014-04-02 [John Pieper Obituary (2014) - Limon, CO - Colorado Springs Gazette](https://news.google.com/rss/articles/CBMijAFBVV95cUxNTUV5NWUydUhMZWlEYmgzOWFwQmt6Q0J5U3hpLWdiWG12dnRBNnhnelU5bk1XWkJkdGx5ekhjbmc2R3g4TmRlcFYtdlFzQm9kZEFzY1Y0NmtoOE53bWplZTVJTEFUUkN3VHRnWjIweEJoZHp1cTh1V1F0MlBSMXNpUWJ3U0pRa2FxczBXUQ?oc=5) · Colorado Springs Gazette
- 2018-08-22 [Kenneth Tiffany Obituary Aug 22, 2018 - Altogether Funeral](https://news.google.com/rss/articles/CBMiuwFBVV95cUxPMHoxekJ0Skxrb0hiMFBUN2l5M3F4Z0Q0Z2VNbjVnOVgteG8zWVpGZXg0R0lfNWU3RUVUTmdTanhMM21ZcGlyRDJKMEJuOHdOdlgya2RxaTNDRk5ncDlNSlcxdzhZc0E2c25yVTV2VkJlZldmVFhNQWp1dVp5SDlSWEZULWVVeW1wNU9ROXRkMFBqN3oxQXZoRlV0NjhsQzJ1MGRtWTZ5MWV1N3NBOG1oazBkeU1hektpdDJv?oc=5) · Altogether Funeral
- 2026-06-12 [Falcon Exchange Club - The New Falcon Herald](https://news.google.com/rss/articles/CBMiYEFVX3lxTE1MNTB1VHcxb25UWkRYQnJibm5nYm41eEljYkdfYmdTVmxrdnl5VkF1Q3pINGh3UnFvaDItQjdpTTdCZWd2WDFibDNSTnVvN0FtMEVTX01ra1ZHdEU1NFJsVQ?oc=5) · The New Falcon Herald
- 2023-07-25 [Michael Kelly Parks Obituary (2023) - Colorado Springs, CO - All Veterans Funeral & Cremation - Colorado Springs - legacy.com](https://news.google.com/rss/articles/CBMiggFBVV95cUxPOV9hUlBfUnhsTlRKTEpqTF9KU05RSmJ5SzJTTm1RNEFlQmYzSE1iVU5PamlHXzJ4VzBUTDZNX2Voc0g1ZEZ2R2d4QXlBUnlmM2xwd0t4c2ZoN0o2MHpOS1kzeFMydjZibjM5NGxBNXdCWF9JX2pXZU1YM1BpN3l0d3NR?oc=5) · legacy.com
- 2023-02-15 [What is Google Wallet? Everything you need to know - Android Headlines](https://news.google.com/rss/articles/CBMiYEFVX3lxTFBCaV9kek5yUC10U2x6b3lxN3lSd05qZmJxcmd2dG1fQ2xZYy01bmVlN1dGR2s5b3BrdU1rQUZqWGtkUmUxOHhmSUVBSlhxN1hEd2VQamZ1QTk4bHNJMjBGNw?oc=5) · Android Headlines

## How to verify

- Page: https://getbookiq.com/bank-desk/#bank=1780 (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/52.json (key "1780", 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