# FIRST NATIONAL BANK OF HUGO
HUGO, CO · FDIC certificate 3029 · asset band <$300M · latest filing 2026-03 · stopped filing (departed)

**Verdict on the desk:** this could be *run candidate*. 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 | $151.1M | |
| Deposits | $135.6M | |
| Loans and leases | $70.4M | |
| Total equity | $15.0M | |
| Loans / deposits | 50.83% (p22 of band) | 72.28% |
| Liquid assets / assets | 49.29% (p76 of band) | |
| Uninsured deposits / deposits | 20.50% (p55 of band) | 19.31% |
| Brokered deposits | 0.00% | |
| Wholesale funding | 0.00% (p24 of band) | |
| FHLB advances / assets | 0.00% | |
| Tier 1 leverage | 9.52% (p19 of band) | 11.62% |
| Unrealized securities loss / equity | -44.66% (p8 of band) | -7.15% |
| AOCI / equity | 17.94% (p100 of band) | |
| ROA (annualized) | -6.08% (p1 of band) | 1.12% |
| Net interest margin | 2.92% (p12 of band) | 3.86% |
| Efficiency ratio | 74.84% (p67 of band) | |
| Noncurrent loans | 0.00% (p12 of band) | 0.34% |
| Net charge-offs (annualized) | -0.05% (p4 of band) | |
| Reserve coverage of noncurrent | – | |
| Real estate % of loans | 83% | |
| Construction % of loans | 3.55% (p26 of band) | |
| Auto loans | $556,000 (0.79% of loans; DQ 0.00%, NCO 0.00%) | |
| Loans to nondepository financials | $0 (0% of equity) (p48 of band) | |
| Deposits YoY | 5.4% | |
| Employees | 19 | |

## Flags firing in the latest filing

- **capital falling** (`cap_falling`)
- **securities losses >30% of equity** (`cap_secloss`)
- **losing money** (`earn_negative`)

## Warning timeline

| Quarter | Score | Flags that first fired | Flags that cleared |
|---|---|---|---|
| 2011-03 | 1 | reserve under noncurrent |  |
| 2011-06 | 0 |  | reserve under noncurrent |
| 2011-09 | 0 |  |  |
| 2011-12 | 0 |  |  |
| 2012-03 | 0 |  |  |
| 2012-06 | 0 |  |  |
| 2012-09 | 0 |  |  |
| 2012-12 | 0 |  |  |
| 2013-03 | 1 | reserve under noncurrent |  |
| 2013-06 | 0 |  | reserve under noncurrent |
| 2013-09 | 0 |  |  |
| 2013-12 | 2 | deposits shrinking, assets shrinking |  |
| 2014-03 | 1 | capital falling | deposits shrinking, assets shrinking |
| 2014-06 | 2 | reserve under noncurrent |  |
| 2014-09 | 0 |  | capital falling, reserve under noncurrent |
| 2014-12 | 0 |  |  |
| 2015-03 | 2 | capital falling, reserve under noncurrent |  |
| 2015-06 | 1 |  | reserve under noncurrent |
| 2015-09 | 1 | deposits shrinking | capital falling |
| 2015-12 | 0 |  | deposits shrinking |
| 2016-03 | 0 |  |  |
| 2016-06 | 1 | reserve under noncurrent |  |
| 2016-09 | 1 |  |  |
| 2016-12 | 0 |  | reserve under noncurrent |
| 2017-03 | 0 |  |  |
| 2017-06 | 0 |  |  |
| 2017-09 | 1 | capital falling |  |
| 2017-12 | 1 |  |  |
| 2018-03 | 0 |  | capital falling |
| 2018-06 | 0 |  |  |
| 2018-09 | 0 |  |  |
| 2018-12 | 1 | capital falling |  |
| 2019-03 | 0 |  | capital falling |
| 2019-06 | 0 |  |  |
| 2019-09 | 0 |  |  |
| 2019-12 | 0 |  |  |
| 2020-03 | 0 |  |  |
| 2020-06 | 1 | securities losses >30% of equity |  |
| 2020-09 | 2 | capital falling |  |
| 2020-12 | 2 |  |  |
| 2021-03 | 1 |  | capital falling |
| 2021-06 | 1 |  |  |
| 2021-09 | 1 |  |  |
| 2021-12 | 1 |  |  |
| 2022-03 | 2 | AOCI drag >20% of equity |  |
| 2022-06 | 2 |  |  |
| 2022-09 | 2 |  |  |
| 2022-12 | 2 |  |  |
| 2023-03 | 3 | deposits shrinking, uninsured deposits leaving | AOCI drag >20% of equity |
| 2023-06 | 1 |  | deposits shrinking, uninsured deposits leaving |
| 2023-09 | 3 | deposits shrinking, uninsured deposits leaving |  |
| 2023-12 | 3 | assets shrinking | deposits shrinking |
| 2024-03 | 2 |  | uninsured deposits leaving |
| 2024-06 | 1 |  | assets shrinking |
| 2024-09 | 1 |  |  |
| 2024-12 | 1 |  |  |
| 2025-03 | 1 |  |  |
| 2025-06 | 1 |  |  |
| 2025-09 | 1 |  |  |
| 2025-12 | 1 |  |  |
| 2026-03 | 3 | capital falling, losing money |  |

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

- 2026-01-14 [High Plains Bank acquires Hugo-based bank - bizwest.com](https://news.google.com/rss/articles/CBMifkFVX3lxTE82RDJOOHVUT2QybUhDVmlfbllRM3Z4cTVmaE5hbDBLWjY5RlNQNDU3ckJRbkhaMzZ6MFc3MGNmeUdncG1LbF9qZWQ2OXdLXzVIVFdGb1dLdmtveTlTeWhqNnFpZzlHWGVrQ2lKNXZKc3BqOTF3UDgzMmJaSXEtUQ?oc=5) · bizwest.com
- 2023-05-10 [Colorado Department of Corrections honors Rifle police officers for capturing prison escapee - Post Independent](https://news.google.com/rss/articles/CBMiygFBVV95cUxNelZYTHdyazZRMkU1cGRmb1hyejZUVXpSZDROX0QySUUtLUhDWFd3WkFLNmJsSlRzRHd4M3hOZzRWT3RDbWZ5aTZaUUNycTZBbmZHQTNSdlRNZmY1OU1VZTBOaG9tR0t0OVpJMGFvYlhYM1dMXzhVUWp5T3hPbjBRVnJIcXFrMkhDZU1XQ3gwN3A4bUpnZjBqcmJPbjYxbHN1VWxqMjYwYklLdXRmMU5ENDN6UTR0UDlJdDlNSURGY21Lb05UR2dqT2pB?oc=5) · Post Independent
- 2025-12-21 [Obituary: Paul Martin - The Fence Post](https://news.google.com/rss/articles/CBMidEFVX3lxTE5mMTl2QzRKcDBMRmItdDRIRDNfOWFfcFBONmI1NDEzSUJib0tQanEwZ3hEdGpIUFpJbDVUd3c5eWhEY2N2VF9WZUtjWFpJdElzYnlWUWVCV21COXljTmc5ZThGcWVtay1SY1VpaVdYbEtJZDF6?oc=5) · The Fence Post
- 2026-02-21 [F. Vick Obituary (2026) - Hugo, CO - Brown Funeral Home - Burlington - legacy.com](https://news.google.com/rss/articles/CBMieEFVX3lxTE4tazRDQlQzeGJnNjk5SVJPVTVfOTZTRTVrYUpJVENvQTBhSkxOWDhWeUx0UWxINndqa0s1VEoxUlNIT3ZROE1KVVBlMmo4RlZUZVIweDZBaF9KNlJ1RDN5QTZ3YVhjSnNidVRYeTZJOXdrcllWOUdwMQ?oc=5) · legacy.com
- 2022-11-21 [Community Banks with the Highest Returns on Average Assets (Sep. 30, 2022) - American Banker](https://news.google.com/rss/articles/CBMiqgFBVV95cUxQN0FfZ196RmlCc0FsOXYwaW9hal83RWRNbHI0MzBUSkhqV2d3WTVwbGpwakQ4Vld1OENfdjlKQ2F1c3VfbkxrZmJNVllOTm02dDZEQXhhdW85YVAzOG5uWE5xYk5oRlVEVHlGcDFEQ0NTUDFfZDdtdHdjMTBEVFNUaHhrT081YWlPalh0STZiNWJlRFlQTXluNTgxeEVISGRBdUhrZ0FDLWJjZw?oc=5) · American Banker
- 2012-08-30 [Drought Pushes Borrowing Higher, Land Prices Lower - beefmagazine.com](https://news.google.com/rss/articles/CBMilAFBVV95cUxPWUhiNE1DWXhxMTFDVy16cHNEUXlILVNzRF9vTTIxc2gxZERjS0ZsZlJHdUxWYUJETzRBdFpPeU1CcFFQQkZtR3g4UGE4b2ZHc2YtVmM3N2xwRzAxUXNwR1E5MDV2YUFiQkg5cFFfeHZZM1RObWd1aWlUYnlHdWxGSzRRUkRfQzNIZTV4cTRBdmRWdlpu?oc=5) · beefmagazine.com

## How to verify

- Page: https://getbookiq.com/bank-desk/#bank=3029 (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/21.json (key "3029", 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