# FROST STATE BANK
FROST, MN · FDIC certificate 26519 · asset band <$300M · latest filing 2025-09 · stopped filing (departed)

**Verdict on the desk:** this could be *funding-stretched*. 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 | $53.8M | |
| Deposits | $44.0M | |
| Loans and leases | $46.6M | |
| Total equity | $9.1M | |
| Loans / deposits | 104.79% (p94 of band) | 72.79% |
| Liquid assets / assets | 11.15% (p5 of band) | |
| Uninsured deposits / deposits | 6.90% (p7 of band) | 19.24% |
| Brokered deposits | 10.33% | |
| Wholesale funding | 10.33% (p83 of band) | |
| FHLB advances / assets | 0.00% | |
| Tier 1 leverage | 17.14% (p86 of band) | 11.81% |
| Unrealized securities loss / equity | 0.00% (p88 of band) | -7.16% |
| AOCI / equity | -0.01% (p2 of band) | |
| ROA (annualized) | 1.44% (p69 of band) | 1.07% |
| Net interest margin | 4.59% (p81 of band) | 3.81% |
| Efficiency ratio | 35.16% (p2 of band) | |
| Noncurrent loans | 0.44% (p54 of band) | 0.35% |
| Net charge-offs (annualized) | 1.50% (p99 of band) | |
| Reserve coverage of noncurrent | 235.75% | |
| Real estate % of loans | 33% | |
| Construction % of loans | 0.00% (p9 of band) | |
| Auto loans | $435,000 (0.93% of loans; DQ 5.98%, NCO 0.00%) | |
| Loans to nondepository financials | $0 (0% of equity) (p48 of band) | |
| Deposits YoY | 6.9% | |
| Employees | 7 | |

## Flags firing in the latest filing

- **loans exceed deposits** (`liq_ltd`)
- **brokered >10%** (`liq_brokered`)
- **charge-offs p90** (`aq_nco`)

## Warning timeline

| Quarter | Score | Flags that first fired | Flags that cleared |
|---|---|---|---|
| 2011-03 | 2 | brokered >10%, charge-offs p90 |  |
| 2011-06 | 1 |  | charge-offs p90 |
| 2011-09 | 2 | reserve under noncurrent |  |
| 2011-12 | 3 | loans exceed deposits |  |
| 2012-03 | 2 |  | loans exceed deposits |
| 2012-06 | 4 | liquid assets <10%, uninsured deposits leaving |  |
| 2012-09 | 2 |  | reserve under noncurrent, liquid assets <10% |
| 2012-12 | 7 | loans exceed deposits, wholesale funding >15%, liquid assets <10%, capital falling, reserve under noncurrent |  |
| 2013-03 | 6 |  | wholesale funding >15% |
| 2013-06 | 3 |  | brokered >10%, uninsured deposits leaving, capital falling |
| 2013-09 | 3 |  |  |
| 2013-12 | 1 |  | loans exceed deposits, liquid assets <10% |
| 2014-03 | 3 | loans exceed deposits, liquid assets <10% |  |
| 2014-06 | 4 | charge-offs p90 |  |
| 2014-09 | 4 |  |  |
| 2014-12 | 2 | capital falling | loans exceed deposits, liquid assets <10%, charge-offs p90 |
| 2015-03 | 4 | loans exceed deposits, liquid assets <10% |  |
| 2015-06 | 2 |  | reserve under noncurrent, capital falling |
| 2015-09 | 2 |  |  |
| 2015-12 | 0 |  | loans exceed deposits, liquid assets <10% |
| 2016-03 | 0 |  |  |
| 2016-06 | 2 | loans exceed deposits, liquid assets <10% |  |
| 2016-09 | 3 | reserve under noncurrent |  |
| 2016-12 | 2 | uninsured deposits leaving | loans exceed deposits, liquid assets <10% |
| 2017-03 | 2 | charge-offs p90 | uninsured deposits leaving |
| 2017-06 | 3 | noncurrent p90 |  |
| 2017-09 | 3 | uninsured deposits leaving | noncurrent p90 |
| 2017-12 | 2 |  | uninsured deposits leaving |
| 2018-03 | 2 | uninsured deposits leaving | charge-offs p90 |
| 2018-06 | 2 | charge-offs p90 | reserve under noncurrent |
| 2018-09 | 3 | reserve under noncurrent |  |
| 2018-12 | 2 |  | reserve under noncurrent |
| 2019-03 | 4 | noncurrent p90, reserve under noncurrent |  |
| 2019-06 | 4 | loans exceed deposits | uninsured deposits leaving |
| 2019-09 | 2 |  | noncurrent p90, loans exceed deposits |
| 2019-12 | 3 | noncurrent p90 |  |
| 2020-03 | 2 |  | noncurrent p90 |
| 2020-06 | 2 |  |  |
| 2020-09 | 2 |  |  |
| 2020-12 | 2 |  |  |
| 2021-03 | 1 |  | charge-offs p90 |
| 2021-06 | 1 | charge-offs p90 | reserve under noncurrent |
| 2021-09 | 3 | deposits shrinking, assets shrinking |  |
| 2021-12 | 3 |  |  |
| 2022-03 | 2 |  | charge-offs p90 |
| 2022-06 | 0 |  | deposits shrinking, assets shrinking |
| 2022-09 | 0 |  |  |
| 2022-12 | 0 |  |  |
| 2023-03 | 2 | brokered >10%, uninsured deposits leaving |  |
| 2023-06 | 2 |  |  |
| 2023-09 | 3 | loans exceed deposits |  |
| 2023-12 | 4 | deposits shrinking |  |
| 2024-03 | 3 |  | uninsured deposits leaving |
| 2024-06 | 2 |  | deposits shrinking |
| 2024-09 | 2 |  |  |
| 2024-12 | 1 |  | loans exceed deposits |
| 2025-03 | 4 | loans exceed deposits, capital falling, charge-offs p90 |  |
| 2025-06 | 4 | liquid assets <10% | capital falling |
| 2025-09 | 3 |  | liquid assets <10% |

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

- 2025-10-08 [Dean Oswald Obituary - Hot Springs, AR - Dignity Memorial](https://news.google.com/rss/articles/CBMihAFBVV95cUxNNnNJMV9ZQjhBZnNkZ3RZLTNzbGN4Z0tQVWZhaUpkeU4ybFRCczN0MUVOZ0o1UC1meHZHbHpzVGQ5OE5RWnpMQngwVHlYWDBaMXdxQnRnSXhsbkZIa0IwUnJUSnJSbWtRUVoxM25aMFB3cng5dzBza1dYQkRyU2JjSE1ScVk?oc=5) · Dignity Memorial
- 2025-10-09 [Bank Auto Lending Rebound Faces Hurdles on Price Hikes - KBRA](https://news.google.com/rss/articles/CBMiqwFBVV95cUxNN3A3czBGWjNyckZCNkYta2lDWEpSMWZJNVlteUVjM0RDT0lrMXNsenZJUUt4RVFJWEQycUhhZ2l2MzNMTWctekZ4Z21pTG1Jbm5yNDhDOS1NLUxzMDB5MVRwbWFXSnhoU2FpYUk4N3Y2ZUdWMW1QWFhQaXU5Y05UcHp6NmgtNUQtelEtWXNtUlJlSktlTVBENXlhSkJXekx1QXV1REtJanc5SU0?oc=5) · KBRA
- 2026-02-11 [Banking Industry Outlook: U.S. Banking M&A Caps Off a Historic 2025 - JD Supra](https://news.google.com/rss/articles/CBMiiAFBVV95cUxQRzZvazJ1ZFF0YXowU21fOHdGa2Znd3dZdHAxZWRrWnlweWc5Q2VYQmVrLThoalZ5UTFCVUluWXk5YWJ0ZTJhQTlxSThQTUlzWHY0dmx6WmgtXzYxM2JKM2FxRjJFUVBYZ0RxX3pIbVF4cU4tYXR0UEpxV183VU5hN1pKcWlZMGR3?oc=5) · JD Supra
- 2025-09-28 [Public notices for the week of September 28, 2026 - faribaultcountyregister.com](https://news.google.com/rss/articles/CBMitgFBVV95cUxNa0lhR3JfUVlpMlJwcndxbmhPMmwxLS1laXgwWVNRdkhzRjlvSFFTTndXbm1yVDFfVnZSZG9jVGJRX2dVZDU4Z0xJY25Qck15TnJZbEh1ZTlJTE8xUXhjaXR0M0NlM21oTUt5Skh5VmtuUEZxTHZfRGJ2NkNZcWZlV01tekMzX25qcVhrWlF0eklFRGI3bndYZ1ZUMGdNUnRoOGxrS2l5Uy1vM0pXSl9WRDNRdUIzUQ?oc=5) · faribaultcountyregister.com
- 2019-10-04 [Idalice Lorraine Holmseth Obituary Oct 4, 2019 - pattonfh.com](https://news.google.com/rss/articles/CBMiYkFVX3lxTFBUQVVtUEw0ZllPTFQ4THpfZVhyQy1lTE1zRW5OQnczUzdiT0hRMzNrYlpHUENPOFkwdjRQd19FNGctVWZ0SWRuTEVJbV9jVmhwNmZDMlRIUEdEZGNPQ21GOXdn?oc=5) · pattonfh.com
- 2016-08-29 [Virginia "Ginny" May Amundson Obituary Aug 29, 2016 - pattonfh.com](https://news.google.com/rss/articles/CBMiVkFVX3lxTE5nR1RiS0NmUFJRNXRpTHRzRmNfUXYzdkczWGtKTm84TnFWbWx4MFAtWjJZcWc5N1dqczRWamwyMFpWS3E0Q2RLTkZ5YjB0S0otTjdmWWt3?oc=5) · pattonfh.com
- 2016-09-04 [Virginia Amundson, 78 - faribaultcountyregister.com](https://news.google.com/rss/articles/CBMiiwFBVV95cUxNYjBoQS1PbHp3Q3RhXzBiSWpoeDA5NmJFMmM5UDVhOWFuSVpUc1A1Wm5aM3lFMERIYld0MUJ2VUxBeVl6RFFndDR4RHp1OVNFQXR3NG40SU9ibmo0TTRnZjZzT0VkbXFZbTZWczkxa0xyWHMzTV91VzB6cUlXOU1mZHJMSzBnUXpfY2lV?oc=5) · faribaultcountyregister.com

## How to verify

- Page: https://getbookiq.com/bank-desk/#bank=26519 (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/23.json (key "26519", 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