# EXCHANGE STATE BANK
ADAIR, IA · FDIC certificate 18838 · asset band <$300M · latest filing 2024-09 · stopped filing (departed)

**Verdict on the desk:** this could be *liquidity-rich*. 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 | $33.5M | |
| Deposits | $27.1M | |
| Loans and leases | $15.6M | |
| Total equity | $5.7M | |
| Loans / deposits | 56.68% (p27 of band) | 72.07% |
| Liquid assets / assets | 47.77% (p74 of band) | |
| Uninsured deposits / deposits | 13.27% (p27 of band) | 18.87% |
| Brokered deposits | 0.00% | |
| Wholesale funding | 1.49% (p47 of band) | |
| FHLB advances / assets | 1.49% | |
| Tier 1 leverage | 15.12% (p79 of band) | 11.60% |
| Unrealized securities loss / equity | -5.88% (p62 of band) | -10.38% |
| AOCI / equity | 5.28% (p66 of band) | |
| ROA (annualized) | 0.09% (p12 of band) | 0.91% |
| Net interest margin | 2.58% (p14 of band) | 3.54% |
| Efficiency ratio | 97.68% (p90 of band) | |
| Noncurrent loans | 0.00% (p13 of band) | 0.27% |
| Net charge-offs (annualized) | 0.00% (p37 of band) | |
| Reserve coverage of noncurrent | – | |
| Real estate % of loans | 64% | |
| Construction % of loans | 0.00% (p9 of band) | |
| Auto loans | $224,000 (1.44% of loans; DQ 0.00%, NCO 0.00%) | |
| Loans to nondepository financials | $0 (0% of equity) (p48 of band) | |
| Deposits YoY | -3.6% | |
| Employees | 7 | |

## Flags firing in the latest filing

- **expense ratio p90** (`earn_efficiency`)
- **assets shrinking** (`shrink_assets`)

## Warning timeline

| Quarter | Score | Flags that first fired | Flags that cleared |
|---|---|---|---|
| 2011-03 | 2 | wholesale funding >15%, reserve under noncurrent |  |
| 2011-06 | 3 | charge-offs p90 |  |
| 2011-09 | 2 |  | charge-offs p90 |
| 2011-12 | 1 |  | reserve under noncurrent |
| 2012-03 | 4 | NIM <2.5%, reserve under noncurrent, deposits shrinking, assets shrinking | wholesale funding >15% |
| 2012-06 | 4 |  |  |
| 2012-09 | 1 |  | NIM <2.5%, deposits shrinking, assets shrinking |
| 2012-12 | 2 | deposits shrinking |  |
| 2013-03 | 2 |  |  |
| 2013-06 | 1 |  | deposits shrinking |
| 2013-09 | 3 | deposits shrinking, assets shrinking |  |
| 2013-12 | 2 | uninsured deposits leaving | deposits shrinking, assets shrinking |
| 2014-03 | 3 | deposits shrinking, assets shrinking | reserve under noncurrent |
| 2014-06 | 4 | reserve under noncurrent |  |
| 2014-09 | 1 |  | deposits shrinking, assets shrinking, reserve under noncurrent |
| 2014-12 | 1 | capital falling | uninsured deposits leaving |
| 2015-03 | 0 |  | capital falling |
| 2015-06 | 0 |  |  |
| 2015-09 | 0 |  |  |
| 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 | 1 | assets shrinking |  |
| 2018-06 | 2 | deposits shrinking |  |
| 2018-09 | 0 |  | assets shrinking, deposits shrinking |
| 2018-12 | 1 | capital falling |  |
| 2019-03 | 0 |  | capital falling |
| 2019-06 | 0 |  |  |
| 2019-09 | 0 |  |  |
| 2019-12 | 0 |  |  |
| 2020-03 | 0 |  |  |
| 2020-06 | 0 |  |  |
| 2020-09 | 0 |  |  |
| 2020-12 | 0 |  |  |
| 2021-03 | 0 |  |  |
| 2021-06 | 0 |  |  |
| 2021-09 | 0 |  |  |
| 2021-12 | 0 |  |  |
| 2022-03 | 1 | capital falling |  |
| 2022-06 | 0 |  | capital falling |
| 2022-09 | 0 |  |  |
| 2022-12 | 0 |  |  |
| 2023-03 | 2 | deposits shrinking, assets shrinking |  |
| 2023-06 | 3 | uninsured deposits leaving |  |
| 2023-09 | 3 |  |  |
| 2023-12 | 3 |  |  |
| 2024-03 | 3 |  |  |
| 2024-06 | 1 |  | deposits shrinking, uninsured deposits leaving |
| 2024-09 | 2 | expense ratio p90 |  |

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

- 2018-12-31 [Two regional banks to merge - SiouxFalls.Business](https://news.google.com/rss/articles/CBMiZ0FVX3lxTFAtMjZhOURGTHBNNUlCbFBmMUI5R0FOeHhMR3lMOER4QlhZanBLV1J5MnVWVDZrNzJTbG1WZEpQNFJKXzhjUW9LbjB2aWVFdnpvNUxvSEdhMFRGUDJzWjFKUjhGSThtWEE?oc=5) · SiouxFalls.Business
- 2015-04-07 [Husband and wife accused of driving getaway cars after Iowa bank robbery - WQAD](https://news.google.com/rss/articles/CBMi6AFBVV95cUxQQ3NuLTFnYmFIa29HMUNBY3U3dGhFQUlzYUhFY0xpbU5rMkxGYU5zMWwtSm5NSjZOZUdJWXQta0djS0tBaXVYTnk0T2xfeENGNGRSWXZ6R01TN0xlZW0yeFlhOVhEWTNuWGZzRENYV3NSOXZWRVJobkl5MVFoR1RwVERRMzFoTEZpRDFXUWNCSDBIQXY0VjA2Q20wVFdrZWZpOGc4Znkxd1loUVR1dWJicEJHY0hJb0g2UkF0NlVkenJUdTFBbFZ6b3FzdTgyN2NWYlNZR0Q1VHM2UmgweVk1MFJpVEZ4cElq?oc=5) · WQAD
- 2024-10-28 [Larry Joe Beckendorf Obituary Sep 25, 2012 - Schmidt Family Funeral Homes](https://news.google.com/rss/articles/CBMicEFVX3lxTE5aaHpjekE3M0ZOVi0tWUZsUVBERFFESWNuZGxhbk9wZjFPNjROMTZTa3JQVGhSTmpDUzNGaWtLMDIyZEhGVExGek1pUWlzOHBsRDFVNjZoNWhUYy1acHVhZW1KS1J0N1dlZnJOakZRSDU?oc=5) · Schmidt Family Funeral Homes
- 2015-10-23 [Four Sentenced in Martelle Bank Robbery - KGAN](https://news.google.com/rss/articles/CBMie0FVX3lxTE45ejNwTVc4RjREcEQxMGROcWdwWHhMcTRvNkFxMFpzcTdrZmt5S2g1RGJOeERlNFhFR2V4WlpLcXNBWDRIdmx3eTVTdXZESTRNdjVkei1YLTFJczJOWGlnMENNUnREcjFENFR4cS0yN1A1RExyZWM4TVF4Yw?oc=5) · KGAN
- 2015-04-07 [4 arrested in connection with bank robbery in eastern Iowa - The Des Moines Register](https://news.google.com/rss/articles/CBMivwFBVV95cUxQMUZra1BzYXFZTHBpbWktck9SZFM0V2ZiMGhmTktKb0ZSRGFIenFrZEMzRXpIeWZBaU5vb3I5UHFuX1ZrdUhwSUx0SDF5VXY1VEpNc3VvMDZkUFgzLXNUeEViODFubWNVR2ZaaGhxQkFKS0FYSG5YeC05Tzk1NW13eHExaUpkNks1SkZfWHVGRExKc0tsYldZQ0RGeU9PM21tVmtQYzFVb2ZBNnd6NXo4OFE2bWhjZ3hSSnZmWWZOOA?oc=5) · The Des Moines Register
- 2019-09-12 [Local bank robberies through the years - Cresco Times Plain Dealer](https://news.google.com/rss/articles/CBMidEFVX3lxTE1uT0JwcnpES3JaNmdsdU5TNmVZbWRZdm40YVNsb0t0bzl0WWxyTC1MS1p3dlpRVEhZdHdobDhpS3FxNFgwSTVXOC14TWN6MXo2MlQyTjVBU291NHY4MlMzVzYxeFNtUkdBSkhkb1ZqZzliM1d3?oc=5) · Cresco Times Plain Dealer
- 2015-10-22 [Four family members sentenced in Martelle bank robbery - thegazette.com](https://news.google.com/rss/articles/CBMi0gFBVV95cUxOMHR0Vy11SmFkSUIyUi00MmdFY2VFZnVmWFFWYjJQTW9qYWR2dVlYXzBYYnZPY3NpSGUxcGp2VU1ucWFsTUpnd0lvWXA3X1VjTUVra3BHWGs0clNEU05JdHBGb2w2a21lUXRJempWYndGWkJZRUFEV2hYNTlpOS1rOGtIX2xtMklKcndzMUUxN3hpbmVuN2lidHhJY0ZCdHpVaklVUWpKNFlZUGF0d1g5MmhFM1FORGZ4U1RnSjJCTmlLSHNqRWJmSzAwbHRTU1NidFE?oc=5) · thegazette.com
- 2015-05-21 [Four face possible life prison sentences in connection with Iowa bank robbery - WQAD](https://news.google.com/rss/articles/CBMi7wFBVV95cUxNUzFDN1ZPVHZDNl9UNHJiWE5SaURXc25kZlFoRi1mcXZxRlJTbzNaakhsRmloM2Vfbll6Uzhjc25pM1ZPelJFWkd2Uzl2SFVMeUlDd2gtU1Q5RjI5UW5XMlJ2RVdiTXJ2RF9rdDJVbmlZUEZxZVRUVlBaTEhpUTBFU1VvVFk2NjdlMWtRaGNwZ05SS2lyYW5zZjBMNUZYVGRHazVqRElkbE9uanpWS2NfX0loY0ZvSFBLS25PMTU5b0gxcHZkSE5kSTRmQTlrM3lnUWZpNXNuamgtTUVxWmhmVGxFaERZbXZuZ2RVdVJLMA?oc=5) · WQAD

## How to verify

- Page: https://getbookiq.com/bank-desk/#bank=18838 (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/22.json (key "18838", 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