# AMERICAN STATE BANK
SIOUX CENTER, IA · FDIC certificate 228 · asset band $1-10B · latest filing 2026-06 · live

**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 | $1.45B | |
| Deposits | $1.22B | |
| Loans and leases | $1.35B | |
| Total equity | $159.2M | |
| Loans / deposits | 109.70% (p95 of band) | 87.10% |
| Liquid assets / assets | 4.71% (p1 of band) | |
| Uninsured deposits / deposits | 38.65% (p69 of band) | 30.76% |
| Brokered deposits | 5.36% | |
| Wholesale funding | 9.75% (p64 of band) | |
| FHLB advances / assets | 4.39% | |
| Tier 1 leverage | 10.81% (p57 of band) | 10.50% |
| Unrealized securities loss / equity | -0.13% (p96 of band) | -7.75% |
| AOCI / equity | -0.13% (p63 of band) | |
| ROA (annualized) | 1.51% (p70 of band) | 1.26% |
| Net interest margin | 3.49% (p36 of band) | 3.70% |
| Efficiency ratio | 45.11% (p13 of band) | |
| Noncurrent loans | 0.65% (p60 of band) | 0.51% |
| Net charge-offs (annualized) | 0.06% (p64 of band) | |
| Reserve coverage of noncurrent | 209.62% | |
| Real estate % of loans | 55% | |
| Construction % of loans | 20.87% (p18 of band) | |
| Auto loans | $5.6M (0.41% of loans; DQ 0.91%, NCO 0.00%) | |
| Loans to nondepository financials | $0 (0% of equity) (p35 of band) | |
| Deposits YoY | -1.9% | |
| Employees | 130 | |

## Flags firing in the latest filing

- **loans exceed deposits** (`liq_ltd`)
- **liquid assets <10%** (`liq_thin`)

## Warning timeline

| Quarter | Score | Flags that first fired | Flags that cleared |
|---|---|---|---|
| 2011-03 | 2 | loans exceed deposits, liquid assets <10% |  |
| 2011-06 | 2 |  |  |
| 2011-09 | 1 |  | liquid assets <10% |
| 2011-12 | 1 |  |  |
| 2012-03 | 2 | liquid assets <10% |  |
| 2012-06 | 2 |  |  |
| 2012-09 | 1 |  | liquid assets <10% |
| 2012-12 | 2 | liquid assets <10% |  |
| 2013-03 | 2 |  |  |
| 2013-06 | 2 |  |  |
| 2013-09 | 2 |  |  |
| 2013-12 | 2 |  |  |
| 2014-03 | 2 |  |  |
| 2014-06 | 2 |  |  |
| 2014-09 | 3 | capital falling |  |
| 2014-12 | 3 |  |  |
| 2015-03 | 2 |  | capital falling |
| 2015-06 | 2 |  |  |
| 2015-09 | 3 | capital falling |  |
| 2015-12 | 3 |  |  |
| 2016-03 | 2 |  | capital falling |
| 2016-06 | 2 |  |  |
| 2016-09 | 3 | reserve under noncurrent |  |
| 2016-12 | 2 | uninsured deposits leaving | liquid assets <10%, reserve under noncurrent |
| 2017-03 | 2 | reserve under noncurrent | uninsured deposits leaving |
| 2017-06 | 2 | liquid assets <10% | reserve under noncurrent |
| 2017-09 | 2 |  |  |
| 2017-12 | 4 | charge-offs p90, reserve under noncurrent |  |
| 2018-03 | 2 |  | charge-offs p90, reserve under noncurrent |
| 2018-06 | 2 |  |  |
| 2018-09 | 3 | reserve under noncurrent |  |
| 2018-12 | 3 | charge-offs p90 | liquid assets <10% |
| 2019-03 | 3 | liquid assets <10%, capital falling | reserve under noncurrent, charge-offs p90 |
| 2019-06 | 3 |  |  |
| 2019-09 | 2 |  | capital falling |
| 2019-12 | 2 |  |  |
| 2020-03 | 4 | charge-offs p90, reserve under noncurrent |  |
| 2020-06 | 4 | noncurrent p90 | liquid assets <10% |
| 2020-09 | 5 | capital falling |  |
| 2020-12 | 3 |  | loans exceed deposits, capital falling |
| 2021-03 | 3 | loans exceed deposits | charge-offs p90 |
| 2021-06 | 3 |  |  |
| 2021-09 | 2 |  | loans exceed deposits |
| 2021-12 | 2 |  |  |
| 2022-03 | 4 | capital falling, charge-offs p90 |  |
| 2022-06 | 3 | loans exceed deposits | reserve under noncurrent, charge-offs p90 |
| 2022-09 | 2 | charge-offs p90 | noncurrent p90, capital falling |
| 2022-12 | 2 |  |  |
| 2023-03 | 4 | brokered >10%, wholesale funding >15%, capital falling | charge-offs p90 |
| 2023-06 | 5 | liquid assets <10% |  |
| 2023-09 | 5 | noncurrent p90, reserve under noncurrent | brokered >10%, wholesale funding >15% |
| 2023-12 | 4 |  | capital falling |
| 2024-03 | 5 | wholesale funding >15% |  |
| 2024-06 | 6 | capital falling |  |
| 2024-09 | 5 | brokered >10% | noncurrent p90, capital falling |
| 2024-12 | 6 | noncurrent p90 |  |
| 2025-03 | 5 |  | brokered >10% |
| 2025-06 | 6 | brokered >10% |  |
| 2025-09 | 6 | charge-offs p90 | noncurrent p90 |
| 2025-12 | 3 |  | reserve under noncurrent, wholesale funding >15%, brokered >10% |
| 2026-03 | 2 |  | charge-offs p90 |
| 2026-06 | 2 |  |  |

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

- 2026-04-10 [New route for American State Bank customers | Sioux Center News - The N'West Iowa REVIEW](https://news.google.com/rss/articles/CBMixAFBVV95cUxQWHZrRW5zbFRMZHpsTlAwVE5pOG1wOFkwcXFQN180djRZc1pRM2J1UmhSdm5RUU5Ub19tM0ZUTm9Hdi01VTdwbUhjeXpsRlJBajdMU3RibVRaVjMtb09kVGpsbW1GNFpiQmdXU2QxWTI3b0VZdThDcUd1Q3FJQVBPUUVHcjRWU0VpVk1RSXd4bGY5UDYtc051YUQtV1FVa0VzeVZpRjdOQ2QtaFlUdlVpc2NlZ0xSWFlfcUxhSDJYMjBUdDM1?oc=5) · The N'West Iowa REVIEW
- 2026-02-18 [List Of Failed Banks: 2009-2026 - Bankrate](https://news.google.com/rss/articles/CBMiZEFVX3lxTFAtbi1TaWMteGEyOHdQbnlXd0tPRzM2WFJQZjdPdzViQTZFLVVHODJRTEdqRWhnMkxIOG5xMUVSWU5iNHZSbVpnQ2Z4TWdiMDVwN2NTdUNGd3dXZ2tGcGZ2VWVJRnM?oc=5) · Bankrate
- 2023-01-04 [Grand opening for American State Bank Sports Complex on January 20 - Dordt University](https://news.google.com/rss/articles/CBMimAFBVV95cUxPMTlzWnBTTWtMOG5Rb1daN0puRXpzb1phWmFYdlRnM1VzY3djQnJVQURuU1lKZzBZNFFQWHBSaHU5WjJvVm1TeHlUNGdoRXNsRFZIMDJJazE3VDRnSU9kQXB4Z3lyQXJ0ZGd1LXdmNjVHeDBRMGkxbDNDXzdFNU05ZVFWZkpfSy1QUTk3Vm5fQlhlUHcwZHB5Sw?oc=5) · Dordt University
- 2020-03-09 [American State Bank plans new Sioux Falls branch - SiouxFalls.Business](https://news.google.com/rss/articles/CBMigwFBVV95cUxOdnhvQXhhZ05vZTFWX2lIc2NaWkRJMjlrVHNZRnB6V0pXTTZzZUFfNURVZUpZZmdLRHdTeGN4TFdHTVY0QnpJY3A5UkZYeEhzVU1Yc05hR0k3Q0dreWR5S1Z6Sk5VdGdISDR0V1k2ZU5MOUdqWHUzUkstcmloSVVDTl9YRQ?oc=5) · SiouxFalls.Business
- 2025-09-05 [Families receive support through American State Bank following Granville fire - KCAU 9 News](https://news.google.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?oc=5) · KCAU 9 News
- 2025-12-01 [Down to the last penny: Banks and businesses gear up for shortages - The N'West Iowa REVIEW](https://news.google.com/rss/articles/CBMi8AFBVV95cUxQaExyLXlfdU5SclZqT09STmhaZkswbUFQQXJNal9Yck5wVEVZN3BmU0d4OFhlc1ExZUsxTnlTbjhid19SSndmRXhlNHVMSjNkVHgtbUpaWUlMbGt0NEVRbHhfdGlkREN2N2pSOGtvNFlGc2MxYkM2elY0amo5UnppR3d0WGZ4NmRsWURPY3h4Z2c2T3pnLTdJanA4dGRHZzJOT1haTmhEenZHV2dYN0dLSnNFYkFNa0x3VVJHRm9yTk1SZGp0ZmZZODZPaUdsVlNyMmZQUmFvSHgxVVRnaWZyWWNxaHBUMzlUZHZIQUFJeFA?oc=5) · The N'West Iowa REVIEW
- 2023-01-20 [Sioux Center American State Bank Sports Complex opens - Dakota News Now](https://news.google.com/rss/articles/CBMimwFBVV95cUxPT2J5b1ZCdlluQUVQZk1Weld4WUFCYXJLWnlmWGhzYm9kdjM4S1lQZXpIODFxMW4wZHhMMzFpb0syMEsxbEVyUHFWazNtNEdQWmh2TUVieTQzMTRaajNVeGxMLVpOcDhLa0xrT1pyVFdMVVJmYUtZNXpxbHRaNmt4WXFXZ0VJT09OQTYzbk8wV0l2ZDhuNlZDV2VPVdIBrwFBVV95cUxPTXNSUHBaRGZVUzNteWh5OGs5TWIxTHBCclV5Z21pQ0ZOQkNMcGFCU2JWZXJyQ2ZxOE40Y0I3bnlYeXotSGZ3SE9ra2g1LTlfbmpTVjVWb3Bwb2Z0b3hRRHBHS3gyNmVSLS1ZQ1ZuUmNUSmZTUGNrNmpXTi0tWkt6cGlxX3FQQktHU1U1bXBTZTQzdzM2cEdlSk1BU1FQYUV1S1J5ckFleHJRaFF5YndR?oc=5) · Dakota News Now
- 2025-06-23 [Sinnema Named Director of the American State Bank Sports Complex - kscj.com](https://news.google.com/rss/articles/CBMimAFBVV95cUxPdE5jRV9jazcxendidzhzUk5VaXRYamRWMGtDcVhzaG5NWFY3WF9vbFVpQTVjNW9CQ2FFT1BYWEtWSlUtV0REa3B4VDZzakFxRU1GWk9vbE16cEl6Q25WVHAzc3dyXzlvMDZGdXBlcklSdDB2WUZ6dGNrT25fVTZYWWhYcENXc2xUSXlETDN2STVGc0NfQjk5cQ?oc=5) · kscj.com

## How to verify

- Page: https://getbookiq.com/bank-desk/#bank=228 (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/36.json (key "228", 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