# FIRST SAVINGS BANK
DANVILLE, IL · FDIC certificate 28723 · asset band <$300M · latest filing 2023-09 · stopped filing (departed)

**Verdict on the desk:** this could be *funding-stretched*. Composite score 4 (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 | $31.4M | |
| Deposits | $20.8M | |
| Loans and leases | $13.1M | |
| Total equity | $8.4M | |
| Loans / deposits | 63.03% (p39 of band) | 69.44% |
| Liquid assets / assets | 52.23% (p78 of band) | |
| Uninsured deposits / deposits | 3.05% (p2 of band) | 19.29% |
| Brokered deposits | 0.00% | |
| Wholesale funding | 6.70% (p70 of band) | |
| FHLB advances / assets | 6.70% | |
| Tier 1 leverage | 31.88% (p95 of band) | 11.39% |
| Unrealized securities loss / equity | -23.82% (p52 of band) | -25.32% |
| AOCI / equity | -2.00% (p44 of band) | |
| ROA (annualized) | 0.29% (p14 of band) | 0.97% |
| Net interest margin | 2.41% (p7 of band) | 3.55% |
| Efficiency ratio | 92.20% (p90 of band) | |
| Noncurrent loans | 0.25% (p52 of band) | 0.22% |
| Net charge-offs (annualized) | 0.00% (p40 of band) | |
| Reserve coverage of noncurrent | 115.15% | |
| Real estate % of loans | 100% | |
| Construction % of loans | 0.00% (p8 of band) | |
| Auto loans | $0 (0.00% of loans; DQ –, NCO 0.00%) | |
| Loans to nondepository financials | $0 (0% of equity) (p48 of band) | |
| Deposits YoY | -11.4% | |
| Employees | 6 | |

## Flags firing in the latest filing

- **NIM <2.5%** (`earn_nim`)
- **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 | 1 | reserve under noncurrent |  |
| 2011-06 | 1 |  |  |
| 2011-09 | 2 | noncurrent p90 |  |
| 2011-12 | 2 |  |  |
| 2012-03 | 3 | NIM <2.5% |  |
| 2012-06 | 3 |  |  |
| 2012-09 | 3 |  |  |
| 2012-12 | 3 |  |  |
| 2013-03 | 4 | uninsured deposits leaving |  |
| 2013-06 | 5 | assets shrinking |  |
| 2013-09 | 5 |  |  |
| 2013-12 | 4 |  | uninsured deposits leaving |
| 2014-03 | 4 |  |  |
| 2014-06 | 3 |  | assets shrinking |
| 2014-09 | 3 | charge-offs p90 | NIM <2.5% |
| 2014-12 | 2 | capital falling | noncurrent p90, charge-offs p90 |
| 2015-03 | 3 | uninsured deposits leaving |  |
| 2015-06 | 2 |  | uninsured deposits leaving |
| 2015-09 | 3 | uninsured deposits leaving |  |
| 2015-12 | 4 | noncurrent p90 |  |
| 2016-03 | 2 |  | capital falling, uninsured deposits leaving |
| 2016-06 | 2 |  |  |
| 2016-09 | 1 |  | noncurrent p90 |
| 2016-12 | 1 |  |  |
| 2017-03 | 2 | noncurrent p90 |  |
| 2017-06 | 2 |  |  |
| 2017-09 | 3 | uninsured deposits leaving |  |
| 2017-12 | 3 | NIM <2.5% | uninsured deposits leaving |
| 2018-03 | 2 | expense ratio p90 | noncurrent p90, NIM <2.5% |
| 2018-06 | 4 | NIM <2.5%, deposits shrinking, assets shrinking | reserve under noncurrent |
| 2018-09 | 6 | losing money, reserve under noncurrent |  |
| 2018-12 | 7 | uninsured deposits leaving |  |
| 2019-03 | 7 | capital falling | reserve under noncurrent |
| 2019-06 | 5 | reserve under noncurrent | deposits shrinking, assets shrinking, losing money |
| 2019-09 | 6 | losing money |  |
| 2019-12 | 1 |  | expense ratio p90, uninsured deposits leaving, capital falling, reserve under noncurrent, losing money |
| 2020-03 | 3 | losing money, expense ratio p90 |  |
| 2020-06 | 1 |  | losing money, expense ratio p90 |
| 2020-09 | 3 | capital falling, expense ratio p90 |  |
| 2020-12 | 3 | losing money | capital falling |
| 2021-03 | 3 |  |  |
| 2021-06 | 3 | deposits shrinking, assets shrinking | expense ratio p90, losing money |
| 2021-09 | 2 |  | deposits shrinking |
| 2021-12 | 1 |  | assets shrinking |
| 2022-03 | 2 | assets shrinking |  |
| 2022-06 | 4 | deposits shrinking, uninsured deposits leaving |  |
| 2022-09 | 4 | expense ratio p90 | uninsured deposits leaving |
| 2022-12 | 4 |  |  |
| 2023-03 | 4 | reserve under noncurrent, uninsured deposits leaving | NIM <2.5%, expense ratio p90 |
| 2023-06 | 4 | NIM <2.5% | uninsured deposits leaving |
| 2023-09 | 4 | uninsured deposits leaving | reserve under noncurrent |

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

- 2026-02-04 [First Merchants merges with First Savings Bank - Northwest Indiana Business Magazine](https://news.google.com/rss/articles/CBMipAFBVV95cUxOYWU0RjRidUh4aS1DU2Nhd2dLemx6bmUwV1huNEREMkV4RkNud2N3dl95TGhLVll2bjVVVmZTQnhvSVg2M2RYTkwwMXJCUXVvUll4MV96aXgyUmswUXFvdHROdGpoUUN6NWtzb2Zva2dzaGVmT3R6bVVGNFRZSndvVFV1azJycFRVTlY1N0VKWkRoVVEyYXY4SWp3bEg2dkp4Znp6aQ?oc=5) · Northwest Indiana Business Magazine
- 2025-09-25 [First Merchants Bank announces merger with Jeffersonville bank - Inside INdiana Business](https://news.google.com/rss/articles/CBMirgFBVV95cUxOeWdKOVRLcDNkSWlTdzF3bzdnX1JLelp0c3lFQjdfSk9rMG84WjB1OHdhbmtRRFFsRndwQWJmUVNjQVd6Y2xEWUY3R2VnaUNxd1g4WksyNFdGejRPdGJlMDZqQ0FFc0hndUJKNEpsS1ZOVVlvWVRnaTk2LXY1SWJvXzBwRjIzNXhhbGhEbVZkUU8wUkdTYlBVQzZQc1I4ZDNYaFJ3ekN2ZGZJeDJ3Z3c?oc=5) · Inside INdiana Business
- 2014-12-09 [First Savings Bank’s new home has room for growth - Argus Leader](https://news.google.com/rss/articles/CBMiuAFBVV95cUxPX2NDMTN1TXlobWMtMGRLS0p2N2lkcVM0bnRLNG5fd1VFb1NrTmpMUDE2Tzd6elZ6STA4VTBLbjJ4cl9CY01hZDdvbWc0NGdWTjMxYV9NSzJBaGlrUjJCejd3Zk9SN3NjdklvWnc5eEd4WnBGQ0E2NmhtRmVuVll4QVZYdDZtWmdHdGpPR1lGR2twUGFXTVFrcXNiX0FWVlVEb295X3pwakVnN1Z3U3hpSC1yZ2E1enpO?oc=5) · Argus Leader
- 2018-02-12 [Altoona First Savings names team - Bedford Gazette](https://news.google.com/rss/articles/CBMiwgFBVV95cUxPTGdPMlktTWo5LWVPaG5weXp2MkdJbW1ob1FmUDR3RV91THBPZHhFRThtUFhndWRLeEFKZ3FUbHFwc3pKTm5ub2pmN3FqR085dWRMemY5cG5Dd2JkT2l5eHJibkU2UnhxYUw0ZFIwT0NDUGtmQ082TEdITGdabkJGaFpuN3o2ZHlNNlBqcVNDVXVmaDVqYm5qR0ltX1hYZk9HbXduTVQ2WHRMbUdHam5xUWNsdjBHMWxyOEZ6bXRadUpZZw?oc=5) · Bedford Gazette
- 2023-11-24 [First Savings Bank now merged into THSB - Terre Haute Tribune-Star](https://news.google.com/rss/articles/CBMiygFBVV95cUxOY0o0VU00M0RXajhqaTZXT2pRdzJGZ0VYVWpvSVEwNlNTQ0l1ZlBNQURxUC02T3pEUXFOZzBLU3JiUXY0SWNJQjVrc2s3U3NoYVdjT2lzdDg1VEV4dVh2VWpLOGJsaGNxXzFabm5pLWIzdEhVWWttQzVZVnlPc1BUOFliTmNNWFZlS29KbUN1UzhkUG1sY0ZJcXNsbjdMSzloMnFfNnRVN2lUOFpMZGtyS0pYb29mc3AzQ2ZqTlByZTdmLUtkQTVfNTF3?oc=5) · Terre Haute Tribune-Star
- 2023-05-12 [Masked Man Robs Homewood Bank, Flees On Foot: Police - Patch](https://news.google.com/rss/articles/CBMimAFBVV95cUxOZWk4TzNvb0k2QkhLUGFFcm1oNmhvZW9GZEtDY2lPX0tiaVFqb0pWWFpRclBMWkRrTzlJc2RuVG0tZU9kb3lIVXdYNEgyQkpfcmQ1aldDM1FpRzFiam1BbWNLMkg2ZDNRNldQMlk2bzJNeEozT1JldU9Sanp2VGhjZHJJbTNKWDlXM2k1dGtabkl3M1JrZnBwbA?oc=5) · Patch
- 2016-01-26 [Talmer to merge with Chemical Bank - Times Herald](https://news.google.com/rss/articles/CBMiqgFBVV95cUxORXlyRjJ4VzkwcTZGcnBlMTFfVnREbVB6U2NkYnByS2drZEVaX0phSkFvNnNzLUM0NndsOGk2Z1Q3TjVETVJzamkwbXhYcTNZNV9UU09LLU51Tk8zQ1RpYUQ2US1BaFh1UnBGRUwyeFY4MzVXYm9BRTRmT3oyM2N2aVpyLWV2RHA1YUdzdWNSeFZZeVluR1ZYdGtKcnpDSm1Fd1VQbUhFYWtTdw?oc=5) · Times Herald
- 2009-07-02 [Regulators close Rock River Bank - Rockford Register Star](https://news.google.com/rss/articles/CBMilAFBVV95cUxNcUlWMmhxRVA1cG9WUVUwbm9Xd3VzX0pQRktSck8wSHNNSFZWeGI0NkszM29KX3Z0dTBwWHE3RXg3Y3g2NktyQjZNakdpUExrWW1FV1Z6NFBlR3NpTTM0RkJRdHZkOFAwS3JfbWV4V2lNMWU3eVFaSV9NMmpUWXhGcUZla2VDdG1CS2pPbVFDTmY0WVlY?oc=5) · Rockford Register Star

## How to verify

- Page: https://getbookiq.com/bank-desk/#bank=28723 (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/51.json (key "28723", 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