# STATE BANK
BROWNSBURG, IN · FDIC certificate 1833 · 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 | $916.1M | |
| Deposits | $764.1M | |
| Loans and leases | $709.8M | |
| Total equity | $100.5M | |
| Loans / deposits | 91.52% (p74 of band) | 82.04% |
| Liquid assets / assets | 17.73% (p24 of band) | |
| Uninsured deposits / deposits | 52.25% (p96 of band) | 25.97% |
| Brokered deposits | 4.68% | |
| Wholesale funding | 9.59% (p76 of band) | |
| FHLB advances / assets | 4.91% | |
| Tier 1 leverage | 11.90% (p68 of band) | 10.81% |
| Unrealized securities loss / equity | -9.14% (p46 of band) | -8.10% |
| AOCI / equity | -0.26% (p55 of band) | |
| ROA (annualized) | 1.07% (p36 of band) | 1.28% |
| Net interest margin | 4.04% (p57 of band) | 3.91% |
| Efficiency ratio | 65.46% (p62 of band) | |
| Noncurrent loans | 0.13% (p26 of band) | 0.43% |
| Net charge-offs (annualized) | 0.00% (p47 of band) | |
| Reserve coverage of noncurrent | 1118.22% | |
| Real estate % of loans | 81% | |
| Construction % of loans | 89.91% (p82 of band) | |
| Auto loans | $2.1M (0.30% of loans; DQ 0.00%, NCO 0.00%) | |
| Loans to nondepository financials | $0 (0% of equity) (p45 of band) | |
| Deposits YoY | 5.6% | |
| Employees | 120 | |

## Flags firing in the latest filing

- **uninsured deposits >50%** (`liq_uninsured`)
- **run vulnerability** (`liq_runrisk`)

## Warning timeline

| Quarter | Score | Flags that first fired | Flags that cleared |
|---|---|---|---|
| 2011-03 | 0 |  |  |
| 2011-06 | 1 | reserve under noncurrent |  |
| 2011-09 | 1 |  |  |
| 2011-12 | 0 |  | reserve under noncurrent |
| 2012-03 | 1 | uninsured deposits leaving |  |
| 2012-06 | 0 |  | uninsured deposits leaving |
| 2012-09 | 0 |  |  |
| 2012-12 | 1 | uninsured deposits leaving |  |
| 2013-03 | 1 | deposits shrinking | uninsured deposits leaving |
| 2013-06 | 0 |  | deposits shrinking |
| 2013-09 | 0 |  |  |
| 2013-12 | 0 |  |  |
| 2014-03 | 0 |  |  |
| 2014-06 | 1 | deposits shrinking |  |
| 2014-09 | 0 |  | deposits shrinking |
| 2014-12 | 1 | reserve under noncurrent |  |
| 2015-03 | 0 |  | reserve under noncurrent |
| 2015-06 | 0 |  |  |
| 2015-09 | 0 |  |  |
| 2015-12 | 1 | charge-offs p90 |  |
| 2016-03 | 1 |  |  |
| 2016-06 | 1 | capital falling | charge-offs p90 |
| 2016-09 | 0 |  | capital falling |
| 2016-12 | 0 |  |  |
| 2017-03 | 1 | capital falling |  |
| 2017-06 | 0 |  | capital falling |
| 2017-09 | 0 |  |  |
| 2017-12 | 0 |  |  |
| 2018-03 | 0 |  |  |
| 2018-06 | 0 |  |  |
| 2018-09 | 0 |  |  |
| 2018-12 | 0 |  |  |
| 2019-03 | 0 |  |  |
| 2019-06 | 0 |  |  |
| 2019-09 | 0 |  |  |
| 2019-12 | 0 |  |  |
| 2020-03 | 0 |  |  |
| 2020-06 | 0 |  |  |
| 2020-09 | 2 | capital falling, reserve under noncurrent |  |
| 2020-12 | 0 |  | capital falling, reserve under noncurrent |
| 2021-03 | 0 |  |  |
| 2021-06 | 0 |  |  |
| 2021-09 | 0 |  |  |
| 2021-12 | 0 |  |  |
| 2022-03 | 1 | capital falling |  |
| 2022-06 | 0 |  | capital falling |
| 2022-09 | 2 | AOCI drag >20% of equity, securities losses >30% of equity |  |
| 2022-12 | 2 |  |  |
| 2023-03 | 1 | capital falling | AOCI drag >20% of equity, securities losses >30% of equity |
| 2023-06 | 2 | uninsured deposits >50% |  |
| 2023-09 | 2 | securities losses >30% of equity | uninsured deposits >50% |
| 2023-12 | 1 |  | securities losses >30% of equity |
| 2024-03 | 0 |  | capital falling |
| 2024-06 | 2 | uninsured deposits >50%, run vulnerability |  |
| 2024-09 | 2 |  |  |
| 2024-12 | 2 |  |  |
| 2025-03 | 2 |  |  |
| 2025-06 | 0 |  | uninsured deposits >50%, run vulnerability |
| 2025-09 | 2 | uninsured deposits >50%, run vulnerability |  |
| 2025-12 | 0 |  | uninsured deposits >50%, run vulnerability |
| 2026-03 | 1 | construction >100% equity |  |
| 2026-06 | 2 | uninsured deposits >50%, run vulnerability | construction >100% equity |

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

- 2026-09-09 [Community Impact Update with Chelsea State Bank - JTV Jackson](https://news.google.com/rss/articles/CBMicEFVX3lxTFA4YXRVdXJEZGRBQkpWMTk2ZU9JdVFVa0E2cTN5RzZBOVNHWnBzR3JjTWc2T1h3WXgyTU5WQVZ5dG15MU9pMzdlSko2U1pCQmotX09NRGdIc0Z4RF9RUjhuc05ZVHc2MGZ2dnZNakI1WHg?oc=5) · JTV Jackson
- 2026-09-09 [Peoples State Bank and Bank First Corp. intend to merge in 2026 - Wausau Daily Herald](https://news.google.com/rss/articles/CBMiywFBVV95cUxPUEJDOFZUME12bGtreWNlOVVCNlJudzltZmV6U2Y3ZkJJWnh4ZlhFWXd5UXU0U1J6MnVKcEtQdHZjRjMwS1E1ajFjd3BwcVVPN2YxYUFVWE93bkJpaEVRUnp2aHB1ZHg0bU9BMGNJNjVJU2lXZG1hQlVwSFpmT0NBdF9Mb3lMRHEtelFfOEUtWUNlTndTUjU3QmR5b1ZjU05EWGNZeFpTZnRVcGFqZ3JJYTVwd2tERFpBelc0OTdRVEFkbXN2QlgtYkRqdw?oc=5) · Wausau Daily Herald
- 2026-09-08 [Peoples State Bank locations to transition to Bank First in December - WSAW](https://news.google.com/rss/articles/CBMilwFBVV95cUxOVmtxV25aVnVWQ00wcEJaWFlYRUNqVFdDZ2hsdFFyZzVKa2xOSDNWU2RJMjdIME91MW0tbThkV3RGUzBZNlB2NnVuZ0g1dnNSRUJEU2dtTms5Um9yT25kUGwxZkduRHJIdy1SNXc5VDIxMEFuSkxvOF9ta2xPbFJIRWhINVhDcDYyN0hOQXBDdWwyYkhDZkFz0gGrAUFVX3lxTFBuR05xaDE3UjZNNGNZWk45Tk1qTms2dHUyYm1MNzFZa19ENy1PZm9NQ1Nzdjd2SEEzeUtZVG15RG9LNzNmSGFiYVVudWIzbW9odFMwYTdBN2dPeEp1UXhkQzNwZFU2Zi1sRzBhT19Kd1pyMjdUTl9uSi14TlhlZk9ELUE2WTlpQlAxZ0dJSC1CR3ZRRHFhY2RDVFBlbW5IZWhqeDQ3WGFjVHZKUQ?oc=5) · WSAW
- 2026-09-09 [First State Bank merger with Bastrop bank complete - Colorado County Citizen](https://news.google.com/rss/articles/CBMiowFBVV95cUxNUVVUT283T3NSdFZxWm1lNzlSdS0wS1R5UlNGX3FTYnNFT3gxWVdGTy03dDUtQmN0eW9yTHd0d0R0ZW43UUpFQ1JBV0E1SGFlUnp3YTFzNDh5MjM1MVg4VkptSXVtc19KR1EybW1lZUV0RWZWLUJsTDJfd2d1aVFEQkxYWFJaNUNrY1BRZDc4bmRuZzJyRVc1TldYWUZwUVBzT3pj?oc=5) · Colorado County Citizen
- 2026-09-09 [Bank First Officially Merges With Peoples State Bank - Seehafer News](https://news.google.com/rss/articles/CBMimAFBVV95cUxQMVBNQWhrOXljUllzVUZJaTB0VVFuOXZId3kxRkdUX0tiaW12WW1IVDZLODRZQ2Q3Tlo0VXVHM0NjNG9MOTM4c0hTbmxEU1J2eV9tcmc4VHcxYjdGRWNhVk1nNGVqR2FfRUc3R0drMnVmODgxNkxENVNfWjc1THNaaTlfX0s5N3NpNG1PemNlY1NsamVFdnJ2eA?oc=5) · Seehafer News
- 2026-09-09 [Customers Shocked As ‘Cybersecurity Incident’ Shuts Down Hilltop Bank Across Wyoming - Cowboy State Daily](https://news.google.com/rss/articles/CBMiqgFBVV95cUxPcWhWWnZlbkpJakxHLTFISzNrVVNCYUpqRy1aZWcxTEVZbzBUMV8zTEdfWDd0VU9ZRk9acmV2Sm9nVEFRWmdQVnozRlp4VFMxSmRBUHlYaGVTMlJ2a2ctQVJoTXZZTFAwLWNjdWN2Tk5NMTJLQV9RSmFra0ZtQVFkUFdLMnlEa0dCS3NsRnotaGpNaFUxXzJLQTNibHk3WWNuMldRLUd0MnNqdw?oc=5) · Cowboy State Daily
- 2026-09-09 [Peoples State Bank and Bank First Corp. intend to merge in 2026 - Chippewa Herald](https://news.google.com/rss/articles/CBMiogFBVV95cUxQWTh1OWF1clR6cV9JWng4Rk9wbUlmeTdwb0FVWktHa1plV1JTQTJvNTdEM3V5UllWSGdxVkZpbm44MUZrNHBDYjdXZzNiT3pla1dZemxHS09Ib29NS01WRUNFa3BQbkFXdGpJYmZERHpSdnp4RDQ1RkQ3Z292bW9xUko1SlhBLVYxcTV6VWFsN2VkQkx4SThSU2RnTEE3bEZNMkE?oc=5) · Chippewa Herald
- 2026-09-07 [Ringleader of a multi-state bank fraud scheme sentenced to five years in prison - wvua23.com](https://news.google.com/rss/articles/CBMi7gFBVV95cUxOaF9lamJ2dDZXa0hxR1g0ekxOS2tGbXE3bmgzQ1REREhPcVZFRWU5UjdqMnR1UUpZTW03Wml3RzlwbHB1VXRtd1M0OXVJUk9vT3hVNVhUd3ZyajNNM0hiT3NBTTdkWHc2aERHWlpsaklXdmJrMmRUbUlzZTdVa0FPZ3dfTTIyQUVrM1RZQkVwdGl1VVhjUDUzYnZ1a3FDWGU4WXp0T25KSnQ1LTlYWkV6T0EtQ3VHMnZvSkpaVWUyWFNUYW9VSTVWVkxpT2ExcDhCalRDZmVXMWZEM1QzNTUzejVPOW1JMU5PQUJ5ekxR?oc=5) · wvua23.com

## How to verify

- Page: https://getbookiq.com/bank-desk/#bank=1833 (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/41.json (key "1833", 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