# FIRST SECURITY STATE BANK
EVANSDALE, IA · FDIC certificate 18508 · asset band <$300M · latest filing 2026-06 · live

**Verdict on the desk:** this could be *credit-stressed*. Composite score 5 (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 | $87.3M | |
| Deposits | $74.1M | |
| Loans and leases | $62.2M | |
| Total equity | $12.4M | |
| Loans / deposits | 83.07% (p67 of band) | 73.59% |
| Liquid assets / assets | 27.63% (p38 of band) | |
| Uninsured deposits / deposits | 30.67% (p83 of band) | 19.81% |
| Brokered deposits | 0.00% | |
| Wholesale funding | 0.46% (p50 of band) | |
| FHLB advances / assets | 0.46% | |
| Tier 1 leverage | 14.90% (p76 of band) | 11.76% |
| Unrealized securities loss / equity | -5.44% (p55 of band) | -6.57% |
| AOCI / equity | 0.24% (p92 of band) | |
| ROA (annualized) | 1.03% (p41 of band) | 1.17% |
| Net interest margin | 3.77% (p42 of band) | 3.93% |
| Efficiency ratio | 72.21% (p65 of band) | |
| Noncurrent loans | 3.11% (p93 of band) | 0.36% |
| Net charge-offs (annualized) | 0.02% (p73 of band) | |
| Reserve coverage of noncurrent | 33.35% | |
| Real estate % of loans | 34% | |
| Construction % of loans | 13.05% (p43 of band) | |
| Auto loans | $16.9M (27.17% of loans; DQ 2.71%, NCO 0.02%) | |
| Loans to nondepository financials | $0 (0% of equity) (p48 of band) | |
| Deposits YoY | -6.8% | |
| Employees | 17 | |

## Flags firing in the latest filing

- **noncurrent p90** (`aq_noncurrent`)
- **reserve under noncurrent** (`aq_reserve`)
- **auto book souring** (`conc_auto`)
- **deposits shrinking** (`shrink_deposits`)
- **assets shrinking** (`shrink_assets`)

## Warning timeline

| Quarter | Score | Flags that first fired | Flags that cleared |
|---|---|---|---|
| 2011-03 | 1 | reserve under noncurrent |  |
| 2011-06 | 1 |  |  |
| 2011-09 | 1 |  |  |
| 2011-12 | 0 |  | reserve under noncurrent |
| 2012-03 | 0 |  |  |
| 2012-06 | 1 | auto book souring |  |
| 2012-09 | 1 |  |  |
| 2012-12 | 2 | capital falling |  |
| 2013-03 | 0 |  | auto book souring, capital falling |
| 2013-06 | 1 | auto book souring |  |
| 2013-09 | 1 |  |  |
| 2013-12 | 2 | capital falling |  |
| 2014-03 | 1 |  | capital falling |
| 2014-06 | 3 | loans exceed deposits, liquid assets <10% |  |
| 2014-09 | 2 | capital falling | auto book souring, liquid assets <10% |
| 2014-12 | 3 | uninsured deposits leaving |  |
| 2015-03 | 2 | auto book souring | capital falling, uninsured deposits leaving |
| 2015-06 | 2 |  |  |
| 2015-09 | 2 |  |  |
| 2015-12 | 2 |  |  |
| 2016-03 | 2 |  |  |
| 2016-06 | 2 |  |  |
| 2016-09 | 2 |  |  |
| 2016-12 | 2 |  |  |
| 2017-03 | 2 | uninsured deposits leaving | auto book souring |
| 2017-06 | 2 | auto book souring | uninsured deposits leaving |
| 2017-09 | 3 | uninsured deposits leaving |  |
| 2017-12 | 2 |  | uninsured deposits leaving |
| 2018-03 | 2 |  |  |
| 2018-06 | 3 | uninsured deposits leaving |  |
| 2018-09 | 2 |  | uninsured deposits leaving |
| 2018-12 | 3 | capital falling |  |
| 2019-03 | 3 | uninsured deposits leaving | auto book souring |
| 2019-06 | 2 | auto book souring | capital falling, uninsured deposits leaving |
| 2019-09 | 2 |  |  |
| 2019-12 | 1 |  | loans exceed deposits |
| 2020-03 | 6 | loans exceed deposits, charge-offs p90, reserve under noncurrent, deposits shrinking, assets shrinking |  |
| 2020-06 | 2 |  | loans exceed deposits, charge-offs p90, deposits shrinking, assets shrinking |
| 2020-09 | 3 | charge-offs p90 |  |
| 2020-12 | 3 |  |  |
| 2021-03 | 1 |  | auto book souring, charge-offs p90 |
| 2021-06 | 1 |  |  |
| 2021-09 | 0 |  | reserve under noncurrent |
| 2021-12 | 0 |  |  |
| 2022-03 | 4 | charge-offs p90, reserve under noncurrent, auto book souring, assets shrinking |  |
| 2022-06 | 3 |  | assets shrinking |
| 2022-09 | 3 |  |  |
| 2022-12 | 2 | assets shrinking | charge-offs p90, reserve under noncurrent |
| 2023-03 | 2 | charge-offs p90 | assets shrinking |
| 2023-06 | 2 |  |  |
| 2023-09 | 2 |  |  |
| 2023-12 | 2 |  |  |
| 2024-03 | 3 | noncurrent p90, reserve under noncurrent | auto book souring |
| 2024-06 | 4 | auto book souring |  |
| 2024-09 | 4 |  |  |
| 2024-12 | 4 |  |  |
| 2025-03 | 4 |  |  |
| 2025-06 | 4 |  |  |
| 2025-09 | 5 | deposits shrinking, assets shrinking | charge-offs p90 |
| 2025-12 | 6 | charge-offs p90 |  |
| 2026-03 | 4 |  | assets shrinking, charge-offs p90 |
| 2026-06 | 5 | assets shrinking |  |

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

- 2017-01-11 [Seeing Double? Bank Buys Neighbor with Same Name - American Banker](https://news.google.com/rss/articles/CBMiiwFBVV95cUxQa3RyM01lTlFQYml0eXoxSlRSQThiTm5zV3RwVVpHTDJZYXVHdzF6QmhRRWU0Mi1iYl8wYUx2Vl80Mjl6WjdRRlg2djF0RXU4R1M1MVBSMnd6ZWZIbV9LU21JTWVISXFlckxQaWhlLU9JQkp5eWI4dllwVDBnVXYxSWc4M3J3STJpckkw?oc=5) · American Banker
- 2025-07-07 [Sandra Funk Obituary Aug 18, 2008 - Mitchell Family Funeral Home](https://news.google.com/rss/articles/CBMiXkFVX3lxTE4yT3lYeWlfYVlsRjBFR19WSFoyeFZjN1cyaGQ0cGczaW9YWVpzcE40ZGpnQzRhZHFZcHpxZVhkUU1Zc0lXRTBheDd0Q1VtNmc3cFRjWHllTjQ2QnVGWEE?oc=5) · Mitchell Family Funeral Home
- 2014-12-16 [Souders continue family farming tradition with new hog barn - Post Bulletin](https://news.google.com/rss/articles/CBMimAFBVV95cUxNX2U3R0h6ZVcyd21nV0xTRFVqREpYY3Y3QlhUSFQ0NTcySWZYNGJ4VlBDOFBjVHF6M2pycXV2eWNsdDltVmh1OFAyOWF0Tlp4dG9MUzRYQ3RpaXZkSE5qOWVoQm83LTNENE0yd21zVVNUNVJLSnFaUjFuQkhyU0lsVVFrdFpvcU5jZzNBMlBZaWhVbTA0WGRqeg?oc=5) · Post Bulletin
- 2023-05-06 [Peter Francis "Chip" Strait Obituary (2023) - Guthrie Center, IA - Twigg Funeral Home - Panora - legacy.com](https://news.google.com/rss/articles/CBMigAFBVV95cUxNRld0OUtSeWtucHNjZVIzUDhqZ255SzNad2k2M2lOUDBmZFM5QnpMV1J4SV9WUjd1dmtSYU5CYzROY05vbzRDU0hrT1JEb0Jid2hERFhJX2pKUURfc2dUOTY3UmNGYXdGS3lkZE1BUFVCSVBIU3loQ1VEeGNMOEtHMQ?oc=5) · legacy.com
- 2017-07-08 [The pain of 2 Iowa girls' killings remains, but resolve in Evansdale only grows - The Des Moines Register](https://news.google.com/rss/articles/CBMi5gFBVV95cUxOaEFCSk9FN0prcVhXc3ZtcDRmSUFqbzVPaF9oemV6NUFKSV9hZjJYaEtsc1dCZllKbm1PWjRyWFZpTXNYeUZ3emtMV3lrdl94eXVoaTVKdERlaGFVck5GemtCejBsVkNkQU44WURuV0JNQkFBWF8zcFM3TlVLS0ZVaGVYTG42MzRUME1MSl9VNU1hd2ZQLUtIeG1TR256bmRvdU95N2xvR0huTXVtLVAtYTNNdElSTkhxVVpyMkNVc3VFbktmLTFmYkVZcVJJSkhya0Via0NuZkVzNVlLSm9yQmlPQzJsZw?oc=5) · The Des Moines Register

## How to verify

- Page: https://getbookiq.com/bank-desk/#bank=18508 (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/12.json (key "18508", 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