# BLAINE STATE BANK
BLAINE, MN · FDIC certificate 20670 · asset band <$300M · latest filing 2012-12 · stopped filing (departed)

**Verdict on the desk:** this could be *credit-stressed*. Composite score 6 (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 | $36.1M | |
| Deposits | $28.3M | |
| Loans and leases | $24.3M | |
| Total equity | $5.6M | |
| Loans / deposits | 84.77% (p81 of band) | 68.02% |
| Liquid assets / assets | 17.30% (p10 of band) | |
| Uninsured deposits / deposits | 3.67% (p18 of band) | 8.86% |
| Brokered deposits | 0.00% | |
| Wholesale funding | 5.53% (p70 of band) | |
| FHLB advances / assets | 5.53% | |
| Tier 1 leverage | 6.49% (p4 of band) | 10.05% |
| Unrealized securities loss / equity | 0.25% (p17 of band) | 3.01% |
| AOCI / equity | 0.23% (p64 of band) | |
| ROA (annualized) | -0.88% (p6 of band) | 0.76% |
| Net interest margin | 4.72% (p91 of band) | 3.75% |
| Efficiency ratio | 125.90% (p97 of band) | |
| Noncurrent loans | 1.31% (p52 of band) | 1.21% |
| Net charge-offs (annualized) | 0.12% (p53 of band) | |
| Reserve coverage of noncurrent | 104.09% | |
| Real estate % of loans | 85% | |
| Construction % of loans | 19.35% (p56 of band) | |
| Auto loans | $1.2M (5.05% of loans; DQ 4.23%, NCO 0.02%) | |
| Loans to nondepository financials | $0 (0% of equity) (p48 of band) | |
| Deposits YoY | -10.4% | |
| Employees | 11 | |

## Flags firing in the latest filing

- **leverage <7%** (`cap_low`)
- **losing money** (`earn_negative`)
- **expense ratio p90** (`earn_efficiency`)
- **deposits shrinking** (`shrink_deposits`)
- **assets shrinking** (`shrink_assets`)
- **uninsured deposits leaving** (`flight_uninsured`)

## Warning timeline

| Quarter | Score | Flags that first fired | Flags that cleared |
|---|---|---|---|
| 2011-03 | 3 | losing money, noncurrent p90, reserve under noncurrent |  |
| 2011-06 | 3 |  |  |
| 2011-09 | 5 | leverage <7%, capital falling |  |
| 2011-12 | 6 | expense ratio p90, charge-offs p90 | noncurrent p90 |
| 2012-03 | 8 | deposits shrinking, assets shrinking, uninsured deposits leaving | charge-offs p90 |
| 2012-06 | 8 |  |  |
| 2012-09 | 8 |  |  |
| 2012-12 | 6 |  | reserve under noncurrent, capital falling |

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

- 2013-03-23 [Business Briefing, Sunday, March 31 - Pioneer Press](https://news.google.com/rss/articles/CBMifEFVX3lxTE5RcUIxX1IyYXY2YmFWUUFlMlk2Q1pDbGRveXh2bGlJakg3d29Qc2VMSmFmRTVQbW1kMzYyQTdTMGtyYXpYd2hGZDZiT3czQzF4czNKWmlVUnNRLWZfRy1xa2JZV3dnTmwwMWxJVnlUQi1GVkVJQlBEc1k0Mjg?oc=5) · Pioneer Press

## How to verify

- Page: https://getbookiq.com/bank-desk/#bank=20670 (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/62.json (key "20670", 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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