# ERICSON STATE BANK
ERICSON, NE · FDIC certificate 18265 · asset band <$300M · latest filing 2019-12 · FAILED

**Verdict on the desk:** this could be *credit-stressed*. Composite score 8 (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 | $100.9M | |
| Deposits | $95.2M | |
| Loans and leases | $89.3M | |
| Total equity | $3.7M | |
| Loans / deposits | 90.52% (p79 of band) | 76.58% |
| Liquid assets / assets | 9.07% (p3 of band) | |
| Uninsured deposits / deposits | 4.30% (p6 of band) | 16.53% |
| Brokered deposits | 3.92% | |
| Wholesale funding | 5.60% (p73 of band) | |
| FHLB advances / assets | 1.20% | |
| Tier 1 leverage | 3.38% (p0 of band) | 11.42% |
| Unrealized securities loss / equity | 7.48% (p98 of band) | 0.65% |
| AOCI / equity | 0.00% (p8 of band) | |
| ROA (annualized) | -3.36% (p1 of band) | 1.01% |
| Net interest margin | 3.95% (p58 of band) | 3.82% |
| Efficiency ratio | 41.04% (p2 of band) | |
| Noncurrent loans | 6.91% (p99 of band) | 0.52% |
| Net charge-offs (annualized) | 5.99% (p100 of band) | |
| Reserve coverage of noncurrent | 51.60% | |
| Real estate % of loans | 38% | |
| Construction % of loans | 0.00% (p7 of band) | |
| Auto loans | $2.3M (2.60% of loans; DQ 6.89%, NCO 0.04%) | |
| Loans to nondepository financials | $0 (0% of equity) (p48 of band) | |
| Deposits YoY | 7.7% | |
| Employees | 5 | |

## Flags firing in the latest filing

- **liquid assets <10%** (`liq_thin`)
- **leverage <7%** (`cap_low`)
- **leverage <5%** (`cap_critical`)
- **losing money** (`earn_negative`)
- **noncurrent p90** (`aq_noncurrent`)
- **charge-offs p90** (`aq_nco`)
- **reserve under noncurrent** (`aq_reserve`)

## Warning timeline

| Quarter | Score | Flags that first fired | Flags that cleared |
|---|---|---|---|
| 2011-03 | 3 | liquid assets <10%, charge-offs p90, reserve under noncurrent |  |
| 2011-06 | 2 |  | reserve under noncurrent |
| 2011-09 | 2 |  |  |
| 2011-12 | 2 |  |  |
| 2012-03 | 1 |  | liquid assets <10% |
| 2012-06 | 0 |  | charge-offs p90 |
| 2012-09 | 1 | reserve under noncurrent |  |
| 2012-12 | 2 | capital falling, charge-offs p90 | reserve under noncurrent |
| 2013-03 | 0 |  | capital falling, charge-offs p90 |
| 2013-06 | 0 |  |  |
| 2013-09 | 2 | capital falling, charge-offs p90 |  |
| 2013-12 | 2 |  |  |
| 2014-03 | 1 |  | capital falling |
| 2014-06 | 0 |  | charge-offs p90 |
| 2014-09 | 1 | capital falling |  |
| 2014-12 | 2 | charge-offs p90 |  |
| 2015-03 | 2 |  |  |
| 2015-06 | 1 |  | capital falling |
| 2015-09 | 1 |  |  |
| 2015-12 | 2 | capital falling |  |
| 2016-03 | 0 |  | charge-offs p90, capital falling |
| 2016-06 | 1 | charge-offs p90 |  |
| 2016-09 | 4 | liquid assets <10%, assets shrinking, uninsured deposits leaving |  |
| 2016-12 | 4 | loans exceed deposits | assets shrinking |
| 2017-03 | 3 |  | charge-offs p90 |
| 2017-06 | 3 |  |  |
| 2017-09 | 2 |  | uninsured deposits leaving |
| 2017-12 | 2 |  |  |
| 2018-03 | 2 |  |  |
| 2018-06 | 2 |  |  |
| 2018-09 | 2 |  |  |
| 2018-12 | 4 | capital falling, noncurrent p90, reserve under noncurrent | loans exceed deposits |
| 2019-03 | 3 |  | capital falling |
| 2019-06 | 3 | charge-offs p90 | liquid assets <10% |
| 2019-09 | 3 |  |  |
| 2019-12 | 8 | liquid assets <10%, leverage <7%, leverage <5%, losing money |  |

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

- 2024-08-07 [Failed Nebraska bank’s ex-president gets 18 months over loan scheme - Banking Dive](https://news.google.com/rss/articles/CBMiwAFBVV95cUxQT3BfWkhGYVlUdlNPc2ExT1phOWd3RkdEM1pFQ0V0OHk1Ym9YVnkyX3dzaWNXOEJ4akxIdWpnN2ZQY3k1UVVQTFA2UE9VQmpVUUJtRXV0alBnWVJ3YjFiM2RSd1ItZVdWMHVvd0hXcVNDeThNYlQwZ2t5QzRIZW5xblVDMWxqWm5ZQ2tYaWNuUTdtcXlQa0VRQ3doazQtbFR4M2psZEJuRWVJX1g4OG1GZDlrVENrYnVDSFhmaGFGX2Y?oc=5) · Banking Dive
- 2024-05-03 [Small-town Nebraska former bank executive pleads guilty to bank fraud allegations - Nebraska Examiner](https://news.google.com/rss/articles/CBMiugFBVV95cUxNNU5OTU1vVHdid191c2F2ZkVROW1UUDdDNVhXSldFZ1RsNF9Ga0g3Ri1YVzkzU1JBUDlwTmNRcHVxMDJqby1XSk5LNkFCVUVOUjJKLWRZcFJ1V09lZkNjTmV4Y0ZKSWNNOE5YYUFsY05uWUt0aXpWdEgzbmRVU1RCU0w1dWhocjA2MWJhUjE2eHI4eHRUYVJ3c2t3Z1VadG1ZU1VNX1VQeDhtVUxDV3NRajJDNTlsMjBMbVE?oc=5) · Nebraska Examiner
- 2020-02-18 [Ericson bank reopens, as customers come to grips with bank failure - KHGI](https://news.google.com/rss/articles/CBMinAFBVV95cUxQMXlPREszSnZDcjdJdmdyQUYyQzBNTjcyY0YtVlIzOTNJRktzOG42QWp2SVlZV3RUMkRJaHJ4SVFvdmZHQzI3cmtoSDN2VXhxT09WejNjc2owWC01VGNsODUtdFI1dmkyTzJrYU9RYmJnenI1RGdEeUZvc2gwX2tfazVoVzJvTHBvZlpxYy00R1N4SE5helE4WmpYMjQ?oc=5) · KHGI
- 2020-02-15 [NDBF Closes Ericson State Bank, Ericson, Nebraska - knlvradio.com](https://news.google.com/rss/articles/CBMijgFBVV95cUxOSURwa2wwTmxKTGdtcU01ZUdaS1hrVnYyWTdBU2hBX2RaT1RDNFpZQlJnNHJycUlnQTNGNFY0OE5fVWtHcThEd0MyVTRlVGJLdk4ya2xXVFNNVkx4OU5CMkY2S21iZWZOWnhLbmhKcE9oclUxazNTanE3ekxhVnJWbHI5U2VKSGdxWGZSLS1B?oc=5) · knlvradio.com
- 2020-02-18 [Nebraska’s Ericson State Bank closes, marking year’s 1st failure - Banking Dive](https://news.google.com/rss/articles/CBMiigFBVV95cUxONTVQb0FOU2ZDS1ZDXzN2U1c4SFd1UTVDZ2ZqdDVCTzBfbU9Bb1FTTDc5V2NhLVMyZk11eHdpeU4zU0h4azlKdW45SkZzNUFVa0duSnI3MzdvMHFxSW9FNGFsRGlyaXBSa3pvcVYyWGZ2OVFNS2I4NGZRVE5kcUQ1WjA3ZjVDdUJ1QXc?oc=5) · Banking Dive
- 2024-08-01 [Former Ericson bank president sentenced to 18 months for fraud - KHGI](https://news.google.com/rss/articles/CBMimAFBVV95cUxPTV9kaE1xS0p0T2V2RVJzOXBYR0lXNHpGWWp5SmQ0UTlsdzRFMXgycTdDNXIyZWhWY2tXeFhuOHJIWVNRbEZTc3JfcTdFNld1UlVTN2FHQS13Tlc0NzBCellIeVlnTUY4di1IUHg1aGVkWV92dXdfTmJ0cHppRDdBbXRZOFBES1NMT3d1NG0zOWxYV1VwVXhuMA?oc=5) · KHGI
- 2023-03-13 [Bank Failures Under Donald Trump Compared to Joe Biden - Newsweek](https://news.google.com/rss/articles/CBMijAFBVV95cUxPakVfdnJTTThVTUZyY21oSHlyVlFnSFBxM3czWnlLN3NOQ21QNHF1MkRmejBQTGpUdDQxd085dlV6dXRkWWNqeFJwcTRZUnc3bkkzQjhfaXBWamt0TlJGZUtfN2NuamVGeUV3dHlZenFLb3lQMXlVMjk1OVRNR3BuSlZ0cXRmTXlDYU5hLQ?oc=5) · Newsweek
- 2024-05-06 [Former Ericson bank president pleads guilty to fraud, causing local bank's failure - KHGI](https://news.google.com/rss/articles/CBMisAFBVV95cUxNV1ZxQmRsVGlHa003bEtvYm9mX1BJVm9BQk1GSlRSMHZxVEZmWDRfcUdGd2FxN2xPNFFmRV9MQmdNWmJFaGYzZ29NVmt1UnkwLW82Tjh1WFBpdHJzMndidXJDSjBxc3NfVHpIUzN3S3hKTXNsN0dWeE92SkJad3MxQjBuMUhKa3ZJMlE5c2hDR1VQTnlxd0hkRlFfNEItdlZLRWY3VDhVOVNIQW9tRGp2TA?oc=5) · KHGI

## How to verify

- Page: https://getbookiq.com/bank-desk/#bank=18265 (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/25.json (key "18265", 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.

---
Rendered 2026-09-10 from the desks' own data files. Full guide: https://getbookiq.com/guide