# FIRST CHEROKEE STATE BANK
WOODSTOCK, GA · FDIC certificate 32711 · asset band <$300M · latest filing 2012-06 · FAILED

**Verdict on the desk:** this could be *credit-stressed*. Composite score 13 (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 | $209.0M | |
| Deposits | $182.1M | |
| Loans and leases | $131.8M | |
| Total equity | $315,000 | |
| Loans / deposits | 70.12% (p52 of band) | 69.17% |
| Liquid assets / assets | 22.62% (p22 of band) | |
| Uninsured deposits / deposits | 3.03% (p16 of band) | 8.28% |
| Brokered deposits | 0.00% | |
| Wholesale funding | 12.20% (p89 of band) | |
| FHLB advances / assets | 11.96% | |
| Tier 1 leverage | 0.09% (p0 of band) | 10.02% |
| Unrealized securities loss / equity | 53.65% (p100 of band) | 3.21% |
| AOCI / equity | 1.59% (p90 of band) | |
| ROA (annualized) | -4.23% (p1 of band) | 0.78% |
| Net interest margin | 3.44% (p32 of band) | 3.76% |
| Efficiency ratio | 156.76% (p98 of band) | |
| Noncurrent loans | 8.78% (p96 of band) | 1.31% |
| Net charge-offs (annualized) | 1.50% (p97 of band) | |
| Reserve coverage of noncurrent | 35.66% | |
| Real estate % of loans | 97% | |
| Construction % of loans | 7149.52% (p100 of band) | |
| Auto loans | $194,000 (0.15% of loans; DQ 2.58%, NCO 0.00%) | |
| Loans to nondepository financials | $0 (0% of equity) (p48 of band) | |
| Deposits YoY | -12.4% | |
| Employees | 55 | |

## Flags firing in the latest filing

- **leverage <7%** (`cap_low`)
- **leverage <5%** (`cap_critical`)
- **capital falling** (`cap_falling`)
- **losing money** (`earn_negative`)
- **expense ratio p90** (`earn_efficiency`)
- **noncurrent p90** (`aq_noncurrent`)
- **charge-offs p90** (`aq_nco`)
- **reserve under noncurrent** (`aq_reserve`)
- **construction >100% equity** (`conc_construction`)
- **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 | 9 | leverage <7%, leverage <5%, losing money, expense ratio p90, noncurrent p90, charge-offs p90, reserve under noncurrent, construction >100% equity |  |
| 2011-06 | 8 |  | charge-offs p90 |
| 2011-09 | 9 | capital falling |  |
| 2011-12 | 9 |  |  |
| 2012-03 | 12 | deposits shrinking, assets shrinking, uninsured deposits leaving |  |
| 2012-06 | 13 | charge-offs p90 |  |

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

- 2026-02-18 [List Of Failed Banks: 2009-2026 - Bankrate](https://news.google.com/rss/articles/CBMiZEFVX3lxTFAtbi1TaWMteGEyOHdQbnlXd0tPRzM2WFJQZjdPdzViQTZFLVVHODJRTEdqRWhnMkxIOG5xMUVSWU5iNHZSbVpnQ2Z4TWdiMDVwN2NTdUNGd3dXZ2tGcGZ2VWVJRnM?oc=5) · Bankrate
- 2021-02-01 [During First Year in Atlanta, Pinnacle Financial Partners Builds Strong Asset Base, Veteran Team of 26 - Pinnacle Financial Partners](https://news.google.com/rss/articles/CBMi0wFBVV95cUxNeXJUdHhobi1seVBDeVNYbk5kRmpUbTZZZFpVLUFnVl9icG9CU0lDWHAzYlpkZXBjZzZoRjlrajNNLTRzcmxHNllEa2M5SXFaa3I1RnhLTWVPVkpSUkVZSjZJSFFkSF8tV0M0cm5wMUNkUGI3cGtkLTFnYWtmaUhtbnp6Nmw2VVU2RW9fSjd3OUxzcFNqY0cyeldldlpFaGp0a3A4T1BOLXMzQW9BdkNZbVlsSVRmdkd5MkZmOW1xNFNtcXRaRnJYNWJDSXFpcC13NENn?oc=5) · Pinnacle Financial Partners
- 2008-11-25 [Donation Helps Owls Soar - ksuowls.com](https://news.google.com/rss/articles/CBMiXkFVX3lxTE1BTFFHb1EwTGdUSHMxQzJDd3ROUW5QUmVOSmJROUd0bTdobnQwMEZ6RjZmNklsc3JYZl9XU0hIZmRGVlZ6T0h0VWo3Qkx2RmxJekw0RG92WUI0aWlUVXc?oc=5) · ksuowls.com
- 2024-12-04 [List of Recent Failed Banks in the United States (2023-2024) - Norada Real Estate Investments](https://news.google.com/rss/articles/CBMia0FVX3lxTE4zaWFvQzhqc24zdE1QZ1haYnk2b1NsLWxONmNTTV9jVldzbjZqLUM1NV85U3dyaENaUGhWVm0wdllpUlNMZlIteHExdVUzS0JTdXlRWTJiUGJfaEtZSk5wcWhNNG1ZS0U5Y0Vz?oc=5) · Norada Real Estate Investments
- 2026-08-24 [Failed Banks In The US: An Analysis By Year, Size And More - Forbes](https://news.google.com/rss/articles/CBMibEFVX3lxTE9SRkVrQmdfS2FWVWlBdzNCcy1OTlAyNlVSUEpoMG5WVllXR0V1dW5NSFBRSW91OUFjZ055S3dyS3RaaVg3dVc3UU12XzhENE5nanJFeEExR016RTR4Y1BERHVJSHlzSDNqS3pUWQ?oc=5) · Forbes
- 2017-03-10 [Charlotte's 40 Under 40: Blaine Jackson - The Business Journals](https://news.google.com/rss/articles/CBMinAFBVV95cUxORWI0Nl94MlRkZ2I1ODdmbi1CNGJyVkdXVHlodWJXeUhzWEFJV3pKdUVoa2drYm1sM09WdWxtQ25sQTR4dWlhWVpWUnlwRnkyOTdGX3dBLVBaa0xOb044VWxTc0V2UmVmajBTdnh5dFJCcjVxTEl5NDI5blRGNVZuY1pZZWFpcEpXUy1LSGV1TFY5MnE4WWlWMWVpQ28?oc=5) · The Business Journals
- 2010-08-18 [Wieland takes over Woodstock Downtown - AJC.com](https://news.google.com/rss/articles/CBMilwFBVV95cUxPbDcwbW5LWHJjY1BmREZjZnBOeHk0YkZCajB0ZlZDSTkyaXdYckQ1RTlDbExEUUl6MHdFNnMwRTh3UTdrcFpaS0NtSHplbUxBeWZ0Uko4WVc5ejJaRWNOOWJvVEt3VEhuZUJWM2F4RHpNWW1TOHkzU0cyN21XN05kQzY4MW93RzlXZUpLcU44OVJDRDhZRllR?oc=5) · AJC.com
- 2012-03-09 [John Wieland Fixes Broken Subdivision Deals - builderonline.com](https://news.google.com/rss/articles/CBMilAFBVV95cUxNM0pfSllFRXl1ZTdqMEF2ZUstZTRlUnItb2xRZHpuZ0pGWnlGNGJYaTV5clUyTE1vbjY2QVN2UmJpcWdURE1rVXc2Rk9PQk9kbjlQVDRuT0d1VkNfTTNBVzhaalN5ckxnT3N6QkxtSllEYnVzOGVJTWtsQjZzZ2pBalZMMG0tdzJzZEp3ODh0MGpBYVVE?oc=5) · builderonline.com

## How to verify

- Page: https://getbookiq.com/bank-desk/#bank=32711 (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/7.json (key "32711", 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