# FIRST NATIONAL BANK CORTEZ
CORTEZ, CO · FDIC certificate 17872 · asset band <$300M · latest filing 2026-06 · live

**Verdict on the desk:** this could be *ordinary*. 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 | $156.9M | |
| Deposits | $137.2M | |
| Loans and leases | $102.3M | |
| Total equity | $14.4M | |
| Loans / deposits | 73.59% (p50 of band) | 73.59% |
| Liquid assets / assets | 30.17% (p44 of band) | |
| Uninsured deposits / deposits | 18.14% (p44 of band) | 19.81% |
| Brokered deposits | 0.00% | |
| Wholesale funding | 2.55% (p62 of band) | |
| FHLB advances / assets | 2.55% | |
| Tier 1 leverage | 9.98% (p24 of band) | 11.76% |
| Unrealized securities loss / equity | -18.46% (p25 of band) | -6.57% |
| AOCI / equity | -1.05% (p26 of band) | |
| ROA (annualized) | 0.60% (p21 of band) | 1.17% |
| Net interest margin | 3.88% (p48 of band) | 3.93% |
| Efficiency ratio | 61.96% (p40 of band) | |
| Noncurrent loans | 1.92% (p85 of band) | 0.36% |
| Net charge-offs (annualized) | 0.71% (p98 of band) | |
| Reserve coverage of noncurrent | 66.17% | |
| Real estate % of loans | 81% | |
| Construction % of loans | 33.77% (p67 of band) | |
| Auto loans | $1.2M (1.15% of loans; DQ 0.00%, NCO 0.00%) | |
| Loans to nondepository financials | $0 (0% of equity) (p48 of band) | |
| Deposits YoY | 3.9% | |
| Employees | 18 | |

## Flags firing in the latest filing

- **charge-offs p90** (`aq_nco`)
- **reserve under noncurrent** (`aq_reserve`)

## 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 | 0 |  | reserve under noncurrent, capital falling |
| 2012-03 | 0 |  |  |
| 2012-06 | 1 | uninsured deposits leaving |  |
| 2012-09 | 0 |  | uninsured deposits leaving |
| 2012-12 | 0 |  |  |
| 2013-03 | 1 | capital falling |  |
| 2013-06 | 0 |  | capital falling |
| 2013-09 | 0 |  |  |
| 2013-12 | 1 | capital falling |  |
| 2014-03 | 0 |  | capital falling |
| 2014-06 | 0 |  |  |
| 2014-09 | 0 |  |  |
| 2014-12 | 0 |  |  |
| 2015-03 | 1 | capital falling |  |
| 2015-06 | 1 |  |  |
| 2015-09 | 0 |  | capital falling |
| 2015-12 | 0 |  |  |
| 2016-03 | 0 |  |  |
| 2016-06 | 0 |  |  |
| 2016-09 | 2 | deposits shrinking, uninsured deposits leaving |  |
| 2016-12 | 0 |  | deposits shrinking, uninsured deposits leaving |
| 2017-03 | 1 | reserve under noncurrent |  |
| 2017-06 | 2 | capital falling |  |
| 2017-09 | 1 |  | capital falling |
| 2017-12 | 1 |  |  |
| 2018-03 | 2 | deposits shrinking |  |
| 2018-06 | 1 |  | deposits shrinking |
| 2018-09 | 1 |  |  |
| 2018-12 | 1 |  |  |
| 2019-03 | 1 |  |  |
| 2019-06 | 2 | capital falling, charge-offs p90 | reserve under noncurrent |
| 2019-09 | 1 |  | capital falling |
| 2019-12 | 2 | securities losses >30% of equity, reserve under noncurrent | charge-offs p90 |
| 2020-03 | 1 |  | reserve under noncurrent |
| 2020-06 | 3 | reserve under noncurrent, uninsured deposits leaving |  |
| 2020-09 | 4 | capital falling |  |
| 2020-12 | 3 |  | uninsured deposits leaving |
| 2021-03 | 4 | noncurrent p90 |  |
| 2021-06 | 3 |  | noncurrent p90 |
| 2021-09 | 2 |  | capital falling |
| 2021-12 | 1 |  | reserve under noncurrent |
| 2022-03 | 3 | capital falling, losing money |  |
| 2022-06 | 2 |  | capital falling |
| 2022-09 | 3 | AOCI drag >20% of equity |  |
| 2022-12 | 1 |  | losing money, AOCI drag >20% of equity |
| 2023-03 | 2 | assets shrinking |  |
| 2023-06 | 1 |  | assets shrinking |
| 2023-09 | 3 | construction >100% equity, deposits shrinking |  |
| 2023-12 | 4 | uninsured deposits leaving |  |
| 2024-03 | 3 |  | deposits shrinking |
| 2024-06 | 3 | capital falling | construction >100% equity |
| 2024-09 | 0 |  | securities losses >30% of equity, uninsured deposits leaving, capital falling |
| 2024-12 | 0 |  |  |
| 2025-03 | 0 |  |  |
| 2025-06 | 1 | capital falling |  |
| 2025-09 | 1 |  |  |
| 2025-12 | 0 |  | capital falling |
| 2026-03 | 2 | charge-offs p90, reserve under noncurrent |  |
| 2026-06 | 2 |  |  |

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

- 2024-11-15 [Native housing crisis spurs record $5.3M in FHLB grants - Tribal Business News](https://news.google.com/rss/articles/CBMisgFBVV95cUxQZDVQMjFZbzZscXBTVlZ2S09wbElsc2NQNVlkMGM1NnBUSzBjSWVnQUQ1V0RCRWk3NGFsM3JyLTAzU2ktUXppZC00YWdJMW9sb285Xy1rTmZzS0dzdkZwSGxsVjFpME1GNlV3SGRhbExDUWtHNXg1QmoxSVhVTU5TRkFrQ1lwVG9pUnRBZ2xnY3JNSDY3Y0pXNGltakRZZlluVGFkNzk4ZEdJUXMzNmhRZThn?oc=5) · Tribal Business News
- 2017-03-14 [Leslie Dale "Les" Slavens Obituary Mar 14, 2017 - Ertel Funeral Home](https://news.google.com/rss/articles/CBMidkFVX3lxTE5fZ0w0V284NWZZNUI3dmxvN1pBNmMyZ3JET3o4SHFJSUVRT3lvd1M2dlYteGFqcVhudWF1VVhIX3lzWTJHSEQ3S19mT1MySFdRWnJDOFpiYjFxZ2dZSml0RXRGS0tuTXRJdm5LMnVna1NiQTlWUUE?oc=5) · Ertel Funeral Home
- 2023-03-09 [Cassie Alexander named Region 9 Economic Development Lender of the Year - Front - The Journal](https://news.google.com/rss/articles/CBMirgFBVV95cUxPZDJFcWI3dFhzTHFLNXNQbmhlZVV2ZDZEMUhubmppX0JYdnBxWG81UXVFVkU0U1pqQUFWU2xTdFRoTi0xOTlwMTJlREt0OS03OW5TMHMwM3FveldpSEFpSmtDUnlocXAxbHg3VUh4ZXlGMHdoN08yS2NSOFlLSTZWRHVOWV81TnBwTHdGUnNBNVQ3TG9BaHNJbThrOWxEMjFPTUN4ZW9URE1TRURucUE?oc=5) · Front - The Journal
- 2026-08-25 [Four Corners agriculture looks toward El Niño as drought and market uncertainty persist - ksjd.org](https://news.google.com/rss/articles/CBMiowFBVV95cUxObGd2UEpyRUJRM0hXcS1ubUNxeFB6NERwcGIydEdUWFhDRXJKTGozaGFMNDNiZE5mWU5qSWpjMmIxYWxkcHZsRHZlQy1kZW1iYkFLa19HZ2dtV0hWbXc0SEVHS2JBakJwTlhZUE5PS0JvR0NRUVU1YkVibk1mRW9IOC1HakxQalZUeFJiR0otd2l1WmJEWFU4UjlQUWNFbEtCelJV?oc=5) · ksjd.org
- 2012-06-14 [Donald Haley Obituary (2012) - Durango, CO - Durango Herald](https://news.google.com/rss/articles/CBMipgFBVV95cUxQY28xVGF1NmRmTDhhWGpwNk51XzFQOUNNRWhTUm00NHZCbFdNTUJ1OVdVbXpILUEtUHJQQkU1MmpPd3dFVkYwZDM4LS1fdEltOU52REdWSWN5aVFXM3dTRGF6WGF6UHZUeXlOcmYtNmwxWFREcm9OVHBRRXdfZVlJdkNiTkZSRVN3SWF2UjdRbjFib0w3ZnplVWN0SjJIdUZpYUo4R0xB?oc=5) · Durango Herald
- 2010-10-02 [William Henry "Bill" Head Obituary Oct 2, 2010 - Ertel Funeral Home](https://news.google.com/rss/articles/CBMidkFVX3lxTE9TMkx4bUhwUU5qZmNUTlRaa1loWGpxWE5BR1ZhSUhRZElTMUc4YXJOUlMwbFBRQTZwMUF0cHpzblNnV2JDREhZYllhTzc2N29rSlV1dEhVd0VOWmE1dXpybW9tRnVBLW5ZQzRLN2tKSzdhWHFfR1E?oc=5) · Ertel Funeral Home
- 2021-05-17 [Community Calendar: What’s happening in the Cortez area - Front - The Journal](https://news.google.com/rss/articles/CBMiW0FVX3lxTE53aVBpc2dobXB2S01CenRzZTd0VEZTNld2TC1CN2RTQlJ5YUpjWWE2X09lbHMzVF82a0pYRzM3eTZiNHV4Rng1Y01YVGZGLWdWWUdiMkQ2RDV3RUU?oc=5) · Front - The Journal
- 2022-05-01 [Jean Rutherford Martin Obituary May 1, 2022 - Ertel Funeral Home](https://news.google.com/rss/articles/CBMidEFVX3lxTFBCcWV3Y0JhQ185T3ZYYndPcXhMYWpxSzJQZ09SbEMzVE1jaHJnWGdieGVMZG9JeWh6UHRuUmFtMzZ0QjR6WkU2TjRYVjcxMnp4WG11cGhXMUtUMnVXT09aUVFWWkhKcmtORmZjUWlZS2VheFRn?oc=5) · Ertel Funeral Home

## How to verify

- Page: https://getbookiq.com/bank-desk/#bank=17872 (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/16.json (key "17872", 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