# WAYLAND STATE BANK
MOUNT PLEASANT, IA · FDIC certificate 1862 · asset band <$300M · latest filing 2024-06 · stopped filing (departed)

**Verdict on the desk:** this could be *funding-stretched*. 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 | $125.4M | |
| Deposits | $101.4M | |
| Loans and leases | $53.9M | |
| Total equity | $22.9M | |
| Loans / deposits | 52.20% (p22 of band) | 71.75% |
| Liquid assets / assets | 51.86% (p79 of band) | |
| Uninsured deposits / deposits | 5.66% (p5 of band) | 18.89% |
| Brokered deposits | 0.00% | |
| Wholesale funding | 0.40% (p39 of band) | |
| FHLB advances / assets | 0.40% | |
| Tier 1 leverage | 20.03% (p90 of band) | 11.46% |
| Unrealized securities loss / equity | -18.72% (p45 of band) | -15.99% |
| AOCI / equity | -1.31% (p23 of band) | |
| ROA (annualized) | 1.34% (p71 of band) | 0.90% |
| Net interest margin | 3.54% (p51 of band) | 3.52% |
| Efficiency ratio | 49.91% (p11 of band) | |
| Noncurrent loans | 0.08% (p35 of band) | 0.26% |
| Net charge-offs (annualized) | 0.00% (p41 of band) | |
| Reserve coverage of noncurrent | 2292.68% | |
| Real estate % of loans | 69% | |
| Construction % of loans | 0.00% (p8 of band) | |
| Auto loans | $1.3M (2.34% of loans; DQ 0.00%, NCO 0.00%) | |
| Loans to nondepository financials | $0 (0% of equity) (p48 of band) | |
| Deposits YoY | -5.5% | |
| Employees | 16 | |

## Flags firing in the latest filing

- **deposits shrinking** (`shrink_deposits`)
- **uninsured deposits leaving** (`flight_uninsured`)

## Warning timeline

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

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

- 2025-11-20 [Lawyer involved in 2023 elder-abuse case sues county, chief of police - iowacapitaldispatch.com](https://news.google.com/rss/articles/CBMisgFBVV95cUxORXloVE5JT0haU3N3X2hCYnA0Vm9pcFlVZnN0Q3ltNzRWWHhqTTRDTngtYlhmWE12U1pkaWpraW9IVWF0X1p1anQ5Yk9KMU05Z2ZLZEQ1ZHhkMzc3WTFnNmFNaExzdnpidHhRMkZMRFlZQU9SWnhzTmdFYXc3MjZwaDVRZ2RKWEJDTUZVTkVIbUoxMW04b2RkVmZGMlBIOUhydFFxS0dRNFJnd1JfcVNHUUt3?oc=5) · iowacapitaldispatch.com
- 2023-02-15 [Obituary for Mary (Mathieu) Hookom - sandhfuneralservice.com](https://news.google.com/rss/articles/CBMiZ0FVX3lxTE9MVWdCalVfX2tUT29ZV1F2WURleHFJaU9yN0V6b2ItUzNfMzFrLWlJWGQxWGFMblVEX2cwRGQ3d0s5c09oVlFySVlhT3YwdFoxR2FveGJsWVZZMUY0Mmg2S0pHNXdYNFE?oc=5) · sandhfuneralservice.com
- 2023-12-13 [Virginia Mae Tschantz Obituary Dec 13, 2023 - Peterseim Funeral Home](https://news.google.com/rss/articles/CBMic0FVX3lxTFBDZjdacnJlTHNvR2dpNVh2aWU5RDloaWpSMzg5cTU2Mjg5cmRhcldwOTJtMGFQXzNRaGRBNE9vOWlFODAtblNQVUREd2NjdTZ3SEFOemZJMElCOXByOUVfd2FJYTBpN2pTZkJBd1V3Tnhqc00?oc=5) · Peterseim Funeral Home
- 2026-01-06 [Carol Jean Garrett Obituary (2026) - Wayland, IA - Beatty Funeral Home - Wayland - legacy.com](https://news.google.com/rss/articles/CBMiggFBVV95cUxNN1BCUVJ5Njd6Yng2VGhUUDJQbWF1SmIxcWVXRzU3UjRKc1VENTdjWERLY2luNHVkbGFGWGVjRTFKN19oUjVzR09GQy1ZRWtVcV80T0h6eFRyZk5aX2ZaaEFQZkdRclBKNFViSWx3XzRkRDhrVl95WmFVS0pHZFNfQnVR?oc=5) · legacy.com
- 2026-06-04 [Court dismisses lawsuit against Henry County and Mt. Pleasant chief of police - iowacapitaldispatch.com](https://news.google.com/rss/articles/CBMivAFBVV95cUxNWlNoOHF5aVFxMVNMcGVhVTJqRHBfUHBGa0FEbGtTRjNjMEd4X3FpTUdQWEhHTjJFRWRYX0RvOVlTNnJrN0x2UVJVVG9FdXMwYWpzUHJCVjItVmEwVmlSZndVRk16QXF4TzhFRC1URDhqbDhhd3dTNTI5SUd6TjdkSTFEVFRxbm9jcEhaY3p3N0l1cVg2TC1XUmpFTkVPM0k3N1ZueHlIWlQyeU1hVWVNa0JsdUd0NFRZTnR5TQ?oc=5) · iowacapitaldispatch.com
- 2012-04-22 [Della Boshart Obituary Apr 22, 2012 - Peterseim Funeral Home](https://news.google.com/rss/articles/CBMibkFVX3lxTE55WnB6M3U3WWRvV1NyRThGOWYxY0RnSjF3eVZvQktBaDdXaDZkM0lIZ21ycnhubW5EVnNjWDZDRWl6eEpDdDE0ajhFdllWaDYzZmJSX1l4cjhaRWZ6NU1qSnN1cl85YmF2WlNXSkdR?oc=5) · Peterseim Funeral Home

## How to verify

- Page: https://getbookiq.com/bank-desk/#bank=1862 (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/6.json (key "1862", 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