# STATE SAVINGS BANK
WEST DES MOINES, IA · FDIC certificate 248 · asset band <$300M · latest filing 2026-06 · live

**Verdict on the desk:** this could be *funding-stretched*. 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 | $291.9M | |
| Deposits | $222.1M | |
| Loans and leases | $235.8M | |
| Total equity | $25.2M | |
| Loans / deposits | 104.38% (p94 of band) | 73.59% |
| Liquid assets / assets | 17.14% (p16 of band) | |
| Uninsured deposits / deposits | 19.02% (p47 of band) | 19.81% |
| Brokered deposits | 0.52% | |
| Wholesale funding | 15.31% (p91 of band) | |
| FHLB advances / assets | 14.79% | |
| Tier 1 leverage | 8.67% (p8 of band) | 11.76% |
| Unrealized securities loss / equity | -1.13% (p76 of band) | -6.57% |
| AOCI / equity | 0.00% (p78 of band) | |
| ROA (annualized) | 1.26% (p56 of band) | 1.17% |
| Net interest margin | 3.64% (p35 of band) | 3.93% |
| Efficiency ratio | 54.39% (p22 of band) | |
| Noncurrent loans | 1.02% (p71 of band) | 0.36% |
| Net charge-offs (annualized) | 0.42% (p96 of band) | |
| Reserve coverage of noncurrent | 164.70% | |
| Real estate % of loans | 78% | |
| Construction % of loans | 126.37% (p96 of band) | |
| Auto loans | $726,000 (0.31% of loans; DQ 0.00%, NCO 0.00%) | |
| Loans to nondepository financials | $947,000 (4% of equity) (p97 of band) | |
| Deposits YoY | 17.7% | |
| Employees | 34 | |

## Flags firing in the latest filing

- **loans exceed deposits** (`liq_ltd`)
- **wholesale funding >15%** (`liq_wholesale`)
- **capital falling** (`cap_falling`)
- **charge-offs p90** (`aq_nco`)
- **construction >100% equity** (`conc_construction`)

## Warning timeline

| Quarter | Score | Flags that first fired | Flags that cleared |
|---|---|---|---|
| 2011-03 | 0 |  |  |
| 2011-06 | 2 | loans exceed deposits, wholesale funding >15% |  |
| 2011-09 | 1 |  | wholesale funding >15% |
| 2011-12 | 1 | capital falling | loans exceed deposits |
| 2012-03 | 1 |  |  |
| 2012-06 | 2 | loans exceed deposits, wholesale funding >15% | capital falling |
| 2012-09 | 2 | liquid assets <10% | wholesale funding >15% |
| 2012-12 | 1 |  | liquid assets <10% |
| 2013-03 | 2 | capital falling |  |
| 2013-06 | 2 | liquid assets <10% | capital falling |
| 2013-09 | 1 |  | liquid assets <10% |
| 2013-12 | 3 | capital falling, uninsured deposits leaving |  |
| 2014-03 | 0 |  | loans exceed deposits, capital falling, uninsured deposits leaving |
| 2014-06 | 1 | loans exceed deposits |  |
| 2014-09 | 3 | liquid assets <10%, construction >100% equity |  |
| 2014-12 | 3 |  |  |
| 2015-03 | 3 | capital falling | liquid assets <10% |
| 2015-06 | 3 |  |  |
| 2015-09 | 3 | liquid assets <10% | capital falling |
| 2015-12 | 2 |  | liquid assets <10% |
| 2016-03 | 1 |  | construction >100% equity |
| 2016-06 | 2 | uninsured deposits leaving |  |
| 2016-09 | 4 | liquid assets <10%, construction >100% equity |  |
| 2016-12 | 2 |  | uninsured deposits leaving, liquid assets <10% |
| 2017-03 | 1 |  | construction >100% equity |
| 2017-06 | 4 | wholesale funding >15%, liquid assets <10%, construction >100% equity |  |
| 2017-09 | 3 |  | liquid assets <10% |
| 2017-12 | 5 | liquid assets <10%, capital falling |  |
| 2018-03 | 3 |  | liquid assets <10%, capital falling |
| 2018-06 | 3 |  |  |
| 2018-09 | 4 | liquid assets <10% |  |
| 2018-12 | 3 |  | liquid assets <10% |
| 2019-03 | 3 |  |  |
| 2019-06 | 3 |  |  |
| 2019-09 | 4 | liquid assets <10% |  |
| 2019-12 | 3 |  | liquid assets <10% |
| 2020-03 | 3 |  |  |
| 2020-06 | 3 |  |  |
| 2020-09 | 3 |  |  |
| 2020-12 | 0 |  | loans exceed deposits, wholesale funding >15%, construction >100% equity |
| 2021-03 | 1 | construction >100% equity |  |
| 2021-06 | 0 |  | construction >100% equity |
| 2021-09 | 0 |  |  |
| 2021-12 | 0 |  |  |
| 2022-03 | 1 | construction >100% equity |  |
| 2022-06 | 1 |  |  |
| 2022-09 | 4 | loans exceed deposits, deposits shrinking, assets shrinking, uninsured deposits leaving | construction >100% equity |
| 2022-12 | 2 | construction >100% equity | deposits shrinking, assets shrinking, uninsured deposits leaving |
| 2023-03 | 3 | liquid assets <10%, uninsured deposits leaving | construction >100% equity |
| 2023-06 | 4 | wholesale funding >15%, capital falling | liquid assets <10% |
| 2023-09 | 5 | liquid assets <10% |  |
| 2023-12 | 5 | construction >100% equity | liquid assets <10% |
| 2024-03 | 5 | liquid assets <10%, reserve under noncurrent | uninsured deposits leaving, capital falling |
| 2024-06 | 4 |  | reserve under noncurrent |
| 2024-09 | 5 | capital falling |  |
| 2024-12 | 5 |  |  |
| 2025-03 | 4 |  | wholesale funding >15% |
| 2025-06 | 5 | wholesale funding >15% |  |
| 2025-09 | 5 |  |  |
| 2025-12 | 4 | charge-offs p90 | liquid assets <10%, capital falling |
| 2026-03 | 2 |  | loans exceed deposits, wholesale funding >15% |
| 2026-06 | 5 | loans exceed deposits, wholesale funding >15%, capital falling |  |

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

- 2024-06-24 [DCI Assists Taylor County with Bank Robbery - Iowa Department of Public Safety (.gov)](https://news.google.com/rss/articles/CBMijAFBVV95cUxNd0pOdEJBWmI4N3dnbmRrNEdHV0FuaVlwbHRUc0d2aFBpMU1XRmJjSGxIV1R4MkxXSzhDR24zT1pfZU1jcUJuU1A2ZnZWcnNCelp1OE1JSjNRZmlVdEl4OVJzUWxqcHNZNVMxamxmMHhNSmk1dXFGeFFBcWNxWHNMeENRVWRIWGxmdFctZA?oc=5) · Iowa Department of Public Safety (.gov)
- 2024-10-04 [Fairfax State Savings Bank celebrates 100-year anniversary - Corridor Business Journal](https://news.google.com/rss/articles/CBMikgFBVV95cUxNUUszU0lHd2wxNEEtNXpRYW5GYmVXRzJ5X2JVY21DdEhpaEpHZTRGN3phdkJkUGJvWno5NjN1RGhpeXQwWmV1MGNCRGlMb05qM1RxMDBubVNMRVBVbzZrRnZTVWlpNkhibC01bEJlWnpBd0tkYm1XQk9fWXJBUWhXOG1CM2hiTnNUUmRsbktUMW4yQQ?oc=5) · Corridor Business Journal
- 2022-05-05 [Fairfax State Savings Bank installs tallest flagpole in Eastern Iowa - KGAN](https://news.google.com/rss/articles/CBMiogFBVV95cUxPejE3bW54eTkwMVE5RC1rcmdzWXdsaE1Vam0xeWxEN3FiM2lUSU5VUkN5RGpNNFN6VGMyTTZMZVFjUVVKa25MRzU4MUtCQnV0aUs2OWl4R09wZGw2NXBvQnJpWlRJcERWUXJXMWc0dGN5VW1DVC1ya0IyVmxwckYtU3NTdVlhTVlObnN0XzRpZmFJa21kMUJ1Sk1EWFZjNWRQd1E?oc=5) · KGAN
- 2019-03-05 [Pella group to acquire Iowa State Savings Bank | Knoxville - oskaloosa.com](https://news.google.com/rss/articles/CBMizAFBVV95cUxPQXJQUlUxVFRmN3A0UDB6VjhucU1ISmlPVjdTdFpxWVZ0cEsxM0U1WFpacjlFNTVDWVp3M0REYXJfSW41TE5ybHhEbGVhdTVleXZJejVJdG1PNDJVY0tGLU9KM3lNcGtTb2VxV3J3QllxcDdCd0NKcXlEU1hjVkxEb0F3dVNZN0lzVnhTRGkxa19nd0NTT3YxdjRrbC1Sd0pObFZsRUVkYWVOTkQ4cnhqLUxJN3liRHNlbGphMlMzOUItT01RYzNoZFVGQ3o?oc=5) · oskaloosa.com
- 2024-08-27 [Growth prompts State Savings Bank to add another Gaylord branch - Petoskey News-Review](https://news.google.com/rss/articles/CBMiywFBVV95cUxNQjM1UVlFeVU3QzZnb0tiZVNOSWlyajdBM1ZZMEVxSjJLUldySm9JN1lUc2tVOHRienZScmFsakJDeDFxTDJNc1pxVXhLR2VGeUVMcnBKRVZ5cVp6c1U1b3dSZ3BOaUxRU1ZWRWc0Rm5yVHFfbld3SUh3Q0tuU0hySzhhX0RIU1ZYNlRvY1hIOHpPVXBzcDZCclJJU0JnU3ppTUtPZ1o4c0hqbzZaMXo3d0N6Q0R1NHYxZnUzRWZkMnpocWdWS19JVm12VQ?oc=5) · Petoskey News-Review
- 2024-06-26 [Name of Lenox Bank Robber Released - Iowa Department of Public Safety (.gov)](https://news.google.com/rss/articles/CBMigwFBVV95cUxNWGE2S29qN1hydXE0YmpfV1UxTHN0d3EtU2VsT19LRFlhY3Q1Q0h1T2pHRzJacTFmcGtmMGQ1MUotSllTTjQ0aG9wSDV2SFhRd2xDRHo5Z2kwUzNzQThNS3hUYTdreGtLZkMyMkE1R3E3RXR1eEJ5T2RUdW9peHFaSXA0dw?oc=5) · Iowa Department of Public Safety (.gov)
- 2024-12-02 [Tad Hammond - The Cherokee Chronicle Times](https://news.google.com/rss/articles/CBMiZ0FVX3lxTE5kdWprRzJzRXFsNUw5dEtxOWRoZlpMNEhEOHJscmU1QnBRRDF5U3FnNXVTb09XWmhIT3RtaEkwNUFGeGg5LUZRS3M0SGg1a09nSmZWbWVTUGN2YXBIS21YU1VxUktueEk?oc=5) · The Cherokee Chronicle Times
- 2024-06-24 [Officials say suspect in SW Iowa bank robbery died by suicide - Radio Iowa](https://news.google.com/rss/articles/CBMioAFBVV95cUxNdmYxQ0dhRkRnSTNtX29qS1VsX20tOGxyMmtFYVZEd2pZZ3NON0tHLWlGVF9ESzN0SEZOWVdoR1R1SWN3ZWtLLUlhX1hrS0ZVakp1OHpBZXYwN1pLOVR5QXNJbHVraHNrZTJFNkp3T0VQbVRaY0dsdjlyR3p6NHVSa2pCQ2ZESElWV1psSFE1NU5QcTRUMTZaTnlzci1lbklq?oc=5) · Radio Iowa

## How to verify

- Page: https://getbookiq.com/bank-desk/#bank=248 (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/56.json (key "248", 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