# WASHINGTON STATE BANK
WASHINGTON, IA · FDIC certificate 214 · asset band $300M-1B · latest filing 2026-06 · live

**Verdict on the desk:** this could be *run candidate*. Composite score 3 (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 | $601.1M | |
| Deposits | $510.5M | |
| Loans and leases | $365.5M | |
| Total equity | $49.0M | |
| Loans / deposits | 70.62% (p26 of band) | 82.04% |
| Liquid assets / assets | 33.76% (p73 of band) | |
| Uninsured deposits / deposits | 36.77% (p82 of band) | 25.97% |
| Brokered deposits | 19.44% | |
| Wholesale funding | 25.46% (p96 of band) | |
| FHLB advances / assets | 5.62% | |
| Tier 1 leverage | 12.48% (p74 of band) | 10.81% |
| Unrealized securities loss / equity | -94.29% (p1 of band) | -8.10% |
| AOCI / equity | 5.68% (p99 of band) | |
| ROA (annualized) | 1.39% (p57 of band) | 1.28% |
| Net interest margin | 3.37% (p22 of band) | 3.91% |
| Efficiency ratio | 45.71% (p11 of band) | |
| Noncurrent loans | 0.49% (p54 of band) | 0.43% |
| Net charge-offs (annualized) | 0.03% (p70 of band) | |
| Reserve coverage of noncurrent | 275.99% | |
| Real estate % of loans | 81% | |
| Construction % of loans | 26.89% (p33 of band) | |
| Auto loans | $1.1M (0.31% of loans; DQ 0.00%, NCO 0.00%) | |
| Loans to nondepository financials | $0 (0% of equity) (p45 of band) | |
| Deposits YoY | 0.3% | |
| Employees | 56 | |

## Flags firing in the latest filing

- **brokered >10%** (`liq_brokered`)
- **wholesale funding >15%** (`liq_wholesale`)
- **securities losses >30% of equity** (`cap_secloss`)

## Warning timeline

| Quarter | Score | Flags that first fired | Flags that cleared |
|---|---|---|---|
| 2011-03 | 0 |  |  |
| 2011-06 | 0 |  |  |
| 2011-09 | 0 |  |  |
| 2011-12 | 0 |  |  |
| 2012-03 | 1 | uninsured deposits leaving |  |
| 2012-06 | 0 |  | uninsured deposits leaving |
| 2012-09 | 0 |  |  |
| 2012-12 | 0 |  |  |
| 2013-03 | 0 |  |  |
| 2013-06 | 0 |  |  |
| 2013-09 | 0 |  |  |
| 2013-12 | 0 |  |  |
| 2014-03 | 0 |  |  |
| 2014-06 | 0 |  |  |
| 2014-09 | 0 |  |  |
| 2014-12 | 1 | deposits shrinking |  |
| 2015-03 | 0 |  | deposits shrinking |
| 2015-06 | 0 |  |  |
| 2015-09 | 0 |  |  |
| 2015-12 | 1 | reserve under noncurrent |  |
| 2016-03 | 1 | charge-offs p90 | reserve under noncurrent |
| 2016-06 | 2 | reserve under noncurrent |  |
| 2016-09 | 0 |  | charge-offs p90, reserve under noncurrent |
| 2016-12 | 0 |  |  |
| 2017-03 | 0 |  |  |
| 2017-06 | 0 |  |  |
| 2017-09 | 1 | reserve under noncurrent |  |
| 2017-12 | 0 |  | reserve under noncurrent |
| 2018-03 | 0 |  |  |
| 2018-06 | 0 |  |  |
| 2018-09 | 0 |  |  |
| 2018-12 | 0 |  |  |
| 2019-03 | 0 |  |  |
| 2019-06 | 0 |  |  |
| 2019-09 | 0 |  |  |
| 2019-12 | 1 | uninsured deposits leaving |  |
| 2020-03 | 1 | wholesale funding >15% | uninsured deposits leaving |
| 2020-06 | 0 |  | wholesale funding >15% |
| 2020-09 | 0 |  |  |
| 2020-12 | 0 |  |  |
| 2021-03 | 0 |  |  |
| 2021-06 | 0 |  |  |
| 2021-09 | 1 | capital falling |  |
| 2021-12 | 2 | brokered >10% |  |
| 2022-03 | 3 | AOCI drag >20% of equity, securities losses >30% of equity | capital falling |
| 2022-06 | 4 | wholesale funding >15% |  |
| 2022-09 | 4 |  |  |
| 2022-12 | 4 |  |  |
| 2023-03 | 3 |  | AOCI drag >20% of equity |
| 2023-06 | 3 |  |  |
| 2023-09 | 3 |  |  |
| 2023-12 | 3 |  |  |
| 2024-03 | 3 |  |  |
| 2024-06 | 3 |  |  |
| 2024-09 | 3 |  |  |
| 2024-12 | 5 | AOCI drag >20% of equity, uninsured deposits leaving |  |
| 2025-03 | 3 |  | AOCI drag >20% of equity, uninsured deposits leaving |
| 2025-06 | 4 | AOCI drag >20% of equity |  |
| 2025-09 | 3 |  | AOCI drag >20% of equity |
| 2025-12 | 3 |  |  |
| 2026-03 | 3 |  |  |
| 2026-06 | 3 |  |  |

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

- 2024-03-20 [Mostek To Head Washington State Bank - KCII Radio](https://news.google.com/rss/articles/CBMif0FVX3lxTE1TcWpkVVJKMWJya1RBU1RTRUtFTFdZZ1FRQ2RkQzZiSEtKWFV1V3czOGEtZkZsSGZ6WXhtdTFWTzlZMWpYNkg0Rjk3WEZBZ3F3Zkk1dEd5SHo3c1kxc0hkcTFQLV9GV283Nlo2Wm9uRVlpS1lsS2VxVlhxZ0pidlU?oc=5) · KCII Radio
- 2024-10-25 [Fed cites Washington state bank embroiled in Ponzi scheme allegations - Banking Dive](https://news.google.com/rss/articles/CBMiugFBVV95cUxPcllvUFlVUEtuWW8wRkxsdEpCMGpIZGxUbTQ2dTZoUFRiR1htbVpsakw5U3RyN3QzMmtoS1pkV2J5dXZRbEdkdGtKcmEzekhtbTJuVmNQZjduRzBvNEx1Vk5HNDBXWnpLTE1YSXdHd3N0RDFsbDYwUVh0N1VaWVZMazE3Rjg1djV6bEF3NmZvV1lfLXBkWjIzZ3JIYi1wbFlTQ1hQVlh6M0U3cVp0M1RwU3lBZDhHNFBnd2c?oc=5) · Banking Dive
- 2025-04-08 [America's Best Regional Banks and Credit Unions 2025 - Iowa - Newsweek Rankings](https://news.google.com/rss/articles/CBMiigFBVV95cUxNdDNERG9UY2kxckVvZnQwUlVpcHY4VXdGc2Q4a1RhOXNncGF5ZmZfNGFwVm5ZMGt1N2VXZGttYmZzZWluNVo5X1dQb29Jd3ExRFJGQUkydjhjWU5fUThfQktxRWxIZ1hQZXFFMmY5VXNNTkJIR2R6cThpekloYVQ5R0VZYVpYdWVPNFE?oc=5) · Newsweek Rankings
- 2023-10-29 [Patricia Havel Obituary Oct 29, 2023 - Jones & Eden Funeral Home](https://news.google.com/rss/articles/CBMiXkFVX3lxTE1OWFloUVZmQ1RUSWV4YUJjV3Y0WmVrZ3ZkcTd1X2xsQ2lZN19BWW9UMnFYZExKUzVObzFieWZyMGUxaG1jVVhzTnhUZnZPbXVrNGdGci1uNk44S29mb2c?oc=5) · Jones & Eden Funeral Home
- 2023-11-18 [Mary June Adam Obituary Nov 18, 2023 - Powell Funeral Homes](https://news.google.com/rss/articles/CBMiZkFVX3lxTE9DZzItRUYzTU10ajd1bTBBaVFFRUhQby1qTGJuZHNoWWdXd0xfbTBKdldvUzFyOUNVUWFRWWd3VWZTVHhfYmQ4VW5ybFBBRl9vWl9yZHptNHZVdHZ5c2ZFSl9ZVTJNdw?oc=5) · Powell Funeral Homes
- 2025-10-07 [Regional Banks, CUs: 3 Proven Strategies to Drive Growth - Resourceful Finance Pro](https://news.google.com/rss/articles/CBMifEFVX3lxTFAxR0V1c1lIRy1GXzQtSGNTNk9EM3N6NjM2M3FzT0p2b2hTUDc2aEw2NVR2Z0lUaDBUYXRTckJsanRGWXdsenQ1SnU3SEw3bldSSWhEcmNqLWdMMVNIM3R1Sks5a2FoZy0xTkpoUkVOaVJISDFDd01PR3IzM3I?oc=5) · Resourceful Finance Pro
- 2023-05-17 [Washington recognizes soon-to-be grads - southeastiowaunion.com](https://news.google.com/rss/articles/CBMixwFBVV95cUxPWnBPSEgyV3V0UVJ6NkhkaVNZVUhsSDRaV2pzYkh4MmVySkM5S1VObkc5aFpVU1FmRnVHUDJGOVV0Y3d5V1RCOG1mRlgxVmtJTHJpeEpzcVhfRU9seFNmNmZYRlYyVWZYaUhGUzZaTUJJQW8ySF92bGpiZkkxQ0xKRU5rdFdtdm9CSTVtV0szWU9CT1U3VzdPYzBPT2pEdkNUX3lhQnczb0xsci1ON2cwTlpwYUZPcVRKQUtlUUlhUExqNkpLQVlB?oc=5) · southeastiowaunion.com
- 2020-04-03 [Mary Jane Shaffer Obituary Apr 3, 2020 - Jones & Eden Funeral Home](https://news.google.com/rss/articles/CBMiW0FVX3lxTFBVdGY1dzdQUXR5LU5kZ2ZCQmpjX0k5MjJub1dwcDVQZV9MbWNSNlVodFp1YWVteTItTXVLZGRlM0p5bnFWbVFNTElEcUtIUjI4elNXY21pMjFqWkE?oc=5) · Jones & Eden Funeral Home

## How to verify

- Page: https://getbookiq.com/bank-desk/#bank=214 (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 "214", 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