# FIRST STATE BANK
FAIRFAX, OK · FDIC certificate 2335 · asset band <$300M · latest filing 2013-03 · stopped filing (departed)

**Verdict on the desk:** this could be *credit-stressed*. Composite score 5 (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 | $38.9M | |
| Deposits | $33.0M | |
| Loans and leases | $16.8M | |
| Total equity | $5.8M | |
| Loans / deposits | 50.25% (p22 of band) | 66.54% |
| Liquid assets / assets | 54.96% (p81 of band) | |
| Uninsured deposits / deposits | 4.59% (p14 of band) | 11.77% |
| Brokered deposits | 0.00% | |
| Wholesale funding | 0.00% (p19 of band) | |
| FHLB advances / assets | 0.00% | |
| Tier 1 leverage | 14.62% (p88 of band) | 10.04% |
| Unrealized securities loss / equity | 3.84% (p62 of band) | 2.48% |
| AOCI / equity | 0.15% (p93 of band) | |
| ROA (annualized) | -0.43% (p6 of band) | 0.72% |
| Net interest margin | 2.93% (p19 of band) | 3.55% |
| Efficiency ratio | 112.80% (p95 of band) | |
| Noncurrent loans | 0.49% (p31 of band) | 1.19% |
| Net charge-offs (annualized) | 0.05% (p65 of band) | |
| Reserve coverage of noncurrent | 281.93% | |
| Real estate % of loans | 38% | |
| Construction % of loans | 0.00% (p7 of band) | |
| Auto loans | $620,000 (3.69% of loans; DQ 2.90%, NCO 0.00%) | |
| Loans to nondepository financials | $0 (0% of equity) (p48 of band) | |
| Deposits YoY | -7.9% | |
| Employees | 14 | |

## Flags firing in the latest filing

- **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 | 2 | expense ratio p90, reserve under noncurrent |  |
| 2011-06 | 2 |  |  |
| 2011-09 | 3 | capital falling |  |
| 2011-12 | 4 | losing money |  |
| 2012-03 | 5 | uninsured deposits leaving |  |
| 2012-06 | 4 |  | capital falling |
| 2012-09 | 3 |  | reserve under noncurrent |
| 2012-12 | 4 | deposits shrinking, assets shrinking | losing money |
| 2013-03 | 5 | losing money |  |

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

- 2026-04-08 [First Bank Corp completes buyout of First State Bank - Talk Business & Politics](https://news.google.com/rss/articles/CBMijwFBVV95cUxPcWJzZzdpcklaMW01dWF2UWxGUU0tcmRXQ2xXMGNDcE5GNV9pak4yUk9aQUJHN1ZvclNCaHp4X0N6djdqSnVFWnJFSl9DZHhzdTFyRloxUFMzTGpjSjFQeU9Tci1lTDMyTUR1ZjJoLThQdVNIVDdqNVJKaUdOQXg2eVRWdENjXzJVV3hXMmF4WQ?oc=5) · Talk Business &amp; Politics
- 2026-01-30 [First Bank Corp. to merge with Russellville-based First State Bank - Southwest Times Record](https://news.google.com/rss/articles/CBMivwFBVV95cUxNeDd0SU5DX2dsczQtMG9CUjBTNzg4SUVHOU83VnF3bXptVFhhdGFuREl6QXBURDRMOVphRE12cXhMQ3FmUW0xa2o3WU5jS28taTM3S0xXRHl3cV94SXczZ3NrNFJNTks2YjVodDdWRy1zekJxREtSSVdpd3RJY0VqV21CT2JURlJuNUZaRWdZUm41WTdJSUJxcVRrWjVJeUlqZ0ZwdWFZWG16U09IVUhuM2djQ2hWcG94Rlh6dE5RYw?oc=5) · Southwest Times Record
- 2026-02-18 [List Of Failed Banks: 2009-2026 - Bankrate](https://news.google.com/rss/articles/CBMiZEFVX3lxTFAtbi1TaWMteGEyOHdQbnlXd0tPRzM2WFJQZjdPdzViQTZFLVVHODJRTEdqRWhnMkxIOG5xMUVSWU5iNHZSbVpnQ2Z4TWdiMDVwN2NTdUNGd3dXZ2tGcGZ2VWVJRnM?oc=5) · Bankrate
- 2026-01-30 [First Bank Corp., First State Bank sign merger agreement - Talk Business & Politics](https://news.google.com/rss/articles/CBMikgFBVV95cUxQQlE1aDBlVjhsQng3YVVwRjB4bEQzOGJDbmN4UzhacEF4MFUzd0IwQi1SRUI3b2RBdExta2ZuLTd1bmo0cFZReWZOcHA0Y3hNOUViUUtPeWFneDM5X2VfRVBqakZyMkR2ckV4LTRWcGNVczFvbTlUZzliX2t5QmdGdnZ6ZjVDdEk3RGUydUp4a1Zxdw?oc=5) · Talk Business &amp; Politics
- 2026-04-08 [First Bank Corp completes merger with Russellville’s First State Bank - Southwest Times Record](https://news.google.com/rss/articles/CBMiyAFBVV95cUxQdGVHZVM3NEpKUkFTVTlVbW9DZFFyaWZLS256V1p4ZkFLNkd5MnFOT2V4X2dNRHQya2JZNkZKVTVwU1JYYmlZMW5zYlZlV0pLd3VkQzlQQml2U1lVQW9CUVF5NlZ3ZkFQZ1E1dzFDWld0Q1dNd2dxekRtOFUtaEJfRWtXYlczR0loMno5bmhBdlJrOVdrNFotZzRXVEhlSmg0Z2p5ZnN3SFN5VzE3aFRQOUlHMXNHazdQMHNCaVpHRDBqLVFVZW9uNQ?oc=5) · Southwest Times Record
- 2021-05-04 [Citizen Potawatomi Nation-owned First National Bank & Trust to acquire larger Okla. bank - Tribal Business News](https://news.google.com/rss/articles/CBMi0wFBVV95cUxPaVlyaGt4bHZqb1EyWHVhODlVeDh0N0wzZWlsd2ZfUHF1OUU0dzVtN0diV002UzZYLUJwNW1UbXA5Ym54TmhWM2MwYWoyOXBDLTMxRlVPM0NIOGtzYVlSc0l4MlNRQ28tNlFaVVhtbUQyME1KSm5DNG02NU9hTG9nb1lJT2ZMcUxvNkxnUGl6LU9rOEtVNGRHNEpHanFLS1FzMzJ0Y0RIYk5jVmIteWh2LWRWdUYyZ29qa3hlOVJ6V0pHZWtDNktDUWdEdldJQXpvRmNZ?oc=5) · Tribal Business News
- 2022-11-16 [Old Glory Holding Company to Acquire First State Bank of Elmore City, Oklahoma - Business Wire](https://news.google.com/rss/articles/CBMizwFBVV95cUxNOE1kMWtUMFRnb05hZERmdGFJeGUyazN6YWxya3RfYjFFb1Q1QUREZlhBQkNHcXdXUHM1MFoyUGZ0bmFGSHFoQkVza2FLZjRMUjFucWZNcmEwdDE3OWxEMmx0OHJsMmpqVHNwNl9mT2JTS3AxRXVuMjdFYl9VOVUycUI1RFkyZE91UzlFd0tpQWs0QU9ubXRhM1pjWWZmNVhNTkV4MFNRN1hDcjVaWFFkZU5yZXZRdUtpOWs5cTcycWM2TWxCbW9xWFBBTGh6ZnM?oc=5) · Business Wire
- 2017-12-26 [Regulators OK sale of Austin’s First State bank to Mississippi company - Austin American-Statesman](https://news.google.com/rss/articles/CBMizwFBVV95cUxORmlDcGVZTlljMmwyQnlkcmNQOG51NlltbFFjVHhRN0hCQkV2TkJRVHphWVZKdzdVWUYwM1BaWEVDNFhqem9rU3ZiQnJvc3ptaDVxUlBLT0lHN2w5TjFLRk9UcVJVMFluUGNJLVc1cjhhZzhhVUlYMHl0RC1mY21md2tNS2k3ak9Dd3g2Y1AxUDdBcXU2UFVLOThBOUhUQUtEbUVrb2FQcXVEV2k4TWY1RzM1RlJrQnk2eDdVVnJaUUJZdDNuZWZlNnphbUZ3cFE?oc=5) · Austin American-Statesman

## How to verify

- Page: https://getbookiq.com/bank-desk/#bank=2335 (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/31.json (key "2335", 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