# FIRST AMERICAN STATE BANK
GREENWOOD VILLAG, CO · FDIC certificate 34040 · asset band <$300M · latest filing 2026-06 · live

**Verdict on the desk:** this could be *funding-stretched*. Composite score 2 (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 | $276.9M | |
| Deposits | $207.1M | |
| Loans and leases | $194.7M | |
| Total equity | $25.0M | |
| Loans / deposits | 93.09% (p84 of band) | 73.59% |
| Liquid assets / assets | 27.99% (p39 of band) | |
| Uninsured deposits / deposits | 27.59% (p76 of band) | 19.81% |
| Brokered deposits | 6.77% | |
| Wholesale funding | 22.43% (p96 of band) | |
| FHLB advances / assets | 15.46% | |
| Tier 1 leverage | 9.67% (p20 of band) | 11.76% |
| Unrealized securities loss / equity | -18.25% (p25 of band) | -6.57% |
| AOCI / equity | -2.29% (p10 of band) | |
| ROA (annualized) | 0.44% (p16 of band) | 1.17% |
| Net interest margin | 2.89% (p10 of band) | 3.93% |
| Efficiency ratio | 80.88% (p80 of band) | |
| Noncurrent loans | 0.24% (p44 of band) | 0.36% |
| Net charge-offs (annualized) | 0.00% (p56 of band) | |
| Reserve coverage of noncurrent | 397.06% | |
| Real estate % of loans | 98% | |
| Construction % of loans | 20.33% (p54 of band) | |
| Auto loans | $14,000 (0.01% of loans; DQ 0.00%, NCO 0.00%) | |
| Loans to nondepository financials | $0 (0% of equity) (p48 of band) | |
| Deposits YoY | 3.4% | |
| Employees | 21 | |

## Flags firing in the latest filing

- **wholesale funding >15%** (`liq_wholesale`)
- **assets shrinking** (`shrink_assets`)

## Warning timeline

| Quarter | Score | Flags that first fired | Flags that cleared |
|---|---|---|---|
| 2011-03 | 1 | losing money |  |
| 2011-06 | 3 | leverage <7%, reserve under noncurrent |  |
| 2011-09 | 3 | capital falling | losing money |
| 2011-12 | 3 |  |  |
| 2012-03 | 4 | losing money, expense ratio p90 | reserve under noncurrent |
| 2012-06 | 1 |  | capital falling, losing money, expense ratio p90 |
| 2012-09 | 1 |  |  |
| 2012-12 | 1 |  |  |
| 2013-03 | 2 | wholesale funding >15%, deposits shrinking | leverage <7% |
| 2013-06 | 3 | reserve under noncurrent, assets shrinking | wholesale funding >15% |
| 2013-09 | 5 | wholesale funding >15%, leverage <7%, capital falling, uninsured deposits leaving | reserve under noncurrent, assets shrinking |
| 2013-12 | 5 | reserve under noncurrent | uninsured deposits leaving |
| 2014-03 | 2 |  | deposits shrinking, capital falling, reserve under noncurrent |
| 2014-06 | 2 |  |  |
| 2014-09 | 0 |  | wholesale funding >15%, leverage <7% |
| 2014-12 | 2 | wholesale funding >15%, leverage <7% |  |
| 2015-03 | 3 | capital falling |  |
| 2015-06 | 2 |  | capital falling |
| 2015-09 | 2 |  |  |
| 2015-12 | 1 |  | leverage <7% |
| 2016-03 | 1 |  |  |
| 2016-06 | 0 |  | wholesale funding >15% |
| 2016-09 | 1 | wholesale funding >15% |  |
| 2016-12 | 2 | deposits shrinking |  |
| 2017-03 | 2 | charge-offs p90, assets shrinking | wholesale funding >15%, deposits shrinking |
| 2017-06 | 0 |  | charge-offs p90, assets shrinking |
| 2017-09 | 1 | capital falling |  |
| 2017-12 | 1 | assets shrinking | capital falling |
| 2018-03 | 1 |  |  |
| 2018-06 | 2 | deposits shrinking |  |
| 2018-09 | 3 | loans exceed deposits |  |
| 2018-12 | 1 | uninsured deposits leaving | assets shrinking, deposits shrinking, loans exceed deposits |
| 2019-03 | 1 |  |  |
| 2019-06 | 1 |  |  |
| 2019-09 | 2 | loans exceed deposits |  |
| 2019-12 | 0 |  | uninsured deposits leaving, loans exceed deposits |
| 2020-03 | 1 | capital falling |  |
| 2020-06 | 0 |  | capital falling |
| 2020-09 | 0 |  |  |
| 2020-12 | 0 |  |  |
| 2021-03 | 0 |  |  |
| 2021-06 | 0 |  |  |
| 2021-09 | 0 |  |  |
| 2021-12 | 0 |  |  |
| 2022-03 | 1 | losing money |  |
| 2022-06 | 2 | deposits shrinking, assets shrinking | losing money |
| 2022-09 | 2 |  |  |
| 2022-12 | 0 |  | deposits shrinking, assets shrinking |
| 2023-03 | 1 | capital falling |  |
| 2023-06 | 2 | charge-offs p90 |  |
| 2023-09 | 1 |  | capital falling |
| 2023-12 | 2 | wholesale funding >15% |  |
| 2024-03 | 5 | loans exceed deposits, capital falling, NIM <2.5%, deposits shrinking | charge-offs p90 |
| 2024-06 | 4 |  | capital falling |
| 2024-09 | 4 |  |  |
| 2024-12 | 4 |  |  |
| 2025-03 | 3 | capital falling | NIM <2.5%, deposits shrinking |
| 2025-06 | 3 | brokered >10% | capital falling |
| 2025-09 | 2 |  | loans exceed deposits |
| 2025-12 | 1 |  | brokered >10% |
| 2026-03 | 2 | uninsured deposits leaving |  |
| 2026-06 | 2 | assets shrinking | uninsured deposits leaving |

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

- 2026-09-08 [Missouri bank to acquire single-branch Greenwood Village institution - BusinessDen](https://news.google.com/rss/articles/CBMimAFBVV95cUxOaVRTR2xqMjg3NG1KOG1XSTBKQ1RkVmhNMWtWcHBYZVNyTmQyTkRRV1BXYTQxV1doVFVyQUVnZkpSQ180WjItVGI1VDBnOE9KUElLWlNvZ3RzeFk5TGxXaTQtM0FGM3Q1TFpDMno4WTBieDJvMGU2ZlJFS3NZcTJVLWJPdUV5U3FxbWpSRTJQZkZqVWpmQ05wWA?oc=5) · BusinessDen
- 2026-09-03 [Clayton bank targets $1.4 billion in assets after acquiring Denver-area institution - The Business Journals](https://news.google.com/rss/articles/CBMiqwFBVV95cUxNa1lFMjdJd0ZHcllzTElrZjBSeko3QkdRQ3pGLVJsUFkxeUFhZEZ6T3pfeXl1QWZDazNDWlFUZW12Z0E5NHFoY2pESDBBeklBb0NnbUJ3LXNBM2tMd0lCTF91SzBYOE5Fa2kzaXg1TzRfNGtiWnhHWlQzUC1SNDVQTjJhYlludHp1dmRpNENIbENxQi10SkdGUUVXS2RxRWVOTE5GbjY2dnJKX1k?oc=5) · The Business Journals
- 2026-02-18 [List Of Failed Banks: 2009-2026 - Bankrate](https://news.google.com/rss/articles/CBMiZEFVX3lxTFAtbi1TaWMteGEyOHdQbnlXd0tPRzM2WFJQZjdPdzViQTZFLVVHODJRTEdqRWhnMkxIOG5xMUVSWU5iNHZSbVpnQ2Z4TWdiMDVwN2NTdUNGd3dXZ2tGcGZ2VWVJRnM?oc=5) · Bankrate
- 2022-01-13 [Mortgage Solutions Financial announces plans to aquire First American State Bank - villagerpublishing.com](https://news.google.com/rss/articles/CBMisgFBVV95cUxQMXl4SlRfRWVmYU03NklCbEpKTDI5QWozdG0waVdiQXE4LW5RNlhWSFlhOTQ0a1ZQVHltenBZM1pmMnF0V0YzdktsQmhPN2dfRXBFWFlCN09IR0tGMEFEei1nYmJUUmtIWWxPOVp3bXhmdFZ1NlEtOUppMVdOS0NfMmpIVjV4YVJyMVJVZFduc19rWWJ3ZllqTm9vZnpkaVBpNXJGdjVjNVIyeHZ1b2RjWXdR?oc=5) · villagerpublishing.com
- 2022-01-07 [Mortgage lender acquiring Greenwood Village community bank - The Denver Post](https://news.google.com/rss/articles/CBMinAFBVV95cUxPOTJCR3k0NWxMWXZCVGtQUkVfYmFXdjVNQ3ZzMzl3VXF1azJOVHVmVEVkSlp1ZUlFZk1yUjFOdUU3MXdMUEdpbTNGVkxXcnEtLUhBa1lScjFfOGx1a1hZb1hrY3djRU45OHRzN21HLWhLSmZHSEF4X01WQmJacGdDTlVuRDF0bUZLN204ZzluMDg4SHp5a0U0ak5qTXc?oc=5) · The Denver Post
- 2023-05-03 [Ramona Woman Sentenced for Grand Theft - South Dakota State News (.gov)](https://news.google.com/rss/articles/CBMikgFBVV95cUxOZTExU1diZXhiSXRBMTNySUo5WDNyay1TYWVRa1Q0VnZWcmgzVnd6U05wNk9NN3pwV2tQOXVPQUUxMlk4dGJBcjlFM3ctUXMxZjNsd2UzUUo4X0cweWlJWWdNRDhjTGNxc1piVmt6WFduZGNGRk9jM3otOFluZER0RmVyRVMwMWY5SXFHRHNlV1RkQQ?oc=5) · South Dakota State News (.gov)
- 2016-09-09 [Obituary information for Gilbert Fred Stanek - Gunderson Funeral Home & Cremation Services](https://news.google.com/rss/articles/CBMiiAFBVV95cUxPaFFBYkd0Y01yRXNvVUVyUk1qZk1BajZGejgxTTNJQW9oYkxIaXgySWpzOWczSHZpdkhCZXVBaU9QcGdjV2Z3WFBNSGxtaEpubzJzMElWLUZzTGI1VTZGWmM2WDlPeUc4TVplcjc3YjR2MDU4bmhSemhrZ2hVdGlLYWE4d2MxQ3Zk?oc=5) · Gunderson Funeral Home &amp; Cremation Services
- 2024-07-22 [These are Denver's strongest banks - The Business Journals](https://news.google.com/rss/articles/CBMijAFBVV95cUxQUVBWTFV1OVNVWHByd1BaVjdXV1RadFR1RlVLUWQxdHJmMndFZVN2eXpZSzFWRzdGOEhOZlNrWnZkZ2pWenFBWDMyMUcxdXlOTnBBU25FT3hHMzJNNFg5ZU1BaTlRaXloeHZrbGJNaEduOHl4ejh2NUwyLWtMSnJKbDdTVmZIUXJLcG84Wg?oc=5) · The Business Journals

## How to verify

- Page: https://getbookiq.com/bank-desk/#bank=34040 (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 "34040", 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