# FARMERS STATE BANK
VICTOR, MT · FDIC certificate 342 · asset band $300M-1B · latest filing 2026-06 · live

**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 | $790.3M | |
| Deposits | $664.3M | |
| Loans and leases | $525.5M | |
| Total equity | $53.7M | |
| Loans / deposits | 78.07% (p42 of band) | 82.04% |
| Liquid assets / assets | 27.94% (p59 of band) | |
| Uninsured deposits / deposits | 12.66% (p8 of band) | 25.97% |
| Brokered deposits | 0.00% | |
| Wholesale funding | 8.22% (p71 of band) | |
| FHLB advances / assets | 8.22% | |
| Tier 1 leverage | 8.84% (p11 of band) | 10.81% |
| Unrealized securities loss / equity | -32.91% (p11 of band) | -8.10% |
| AOCI / equity | -1.96% (p8 of band) | |
| ROA (annualized) | 0.98% (p30 of band) | 1.28% |
| Net interest margin | 4.16% (p64 of band) | 3.91% |
| Efficiency ratio | 72.94% (p79 of band) | |
| Noncurrent loans | 0.68% (p62 of band) | 0.43% |
| Net charge-offs (annualized) | 0.03% (p69 of band) | |
| Reserve coverage of noncurrent | 194.13% | |
| Real estate % of loans | 89% | |
| Construction % of loans | 120.99% (p93 of band) | |
| Auto loans | $7.0M (1.34% of loans; DQ 0.85%, NCO 0.00%) | |
| Loans to nondepository financials | $6.0M (11% of equity) (p97 of band) | |
| Deposits YoY | 4.8% | |
| Employees | 138 | |

## Flags firing in the latest filing

- **capital falling** (`cap_falling`)
- **securities losses >30% of equity** (`cap_secloss`)
- **construction >100% equity** (`conc_construction`)

## 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 | charge-offs p90 |  |
| 2012-06 | 1 |  | noncurrent p90, charge-offs p90 |
| 2012-09 | 1 |  |  |
| 2012-12 | 1 |  |  |
| 2013-03 | 2 | noncurrent p90 |  |
| 2013-06 | 3 | expense ratio p90 |  |
| 2013-09 | 1 |  | noncurrent p90, expense ratio p90 |
| 2013-12 | 2 | expense ratio p90 |  |
| 2014-03 | 2 | charge-offs p90 | expense ratio p90 |
| 2014-06 | 1 |  | charge-offs p90 |
| 2014-09 | 1 |  |  |
| 2014-12 | 1 |  |  |
| 2015-03 | 1 |  |  |
| 2015-06 | 1 |  |  |
| 2015-09 | 1 |  |  |
| 2015-12 | 1 |  |  |
| 2016-03 | 1 |  |  |
| 2016-06 | 1 |  |  |
| 2016-09 | 1 |  |  |
| 2016-12 | 2 | capital falling |  |
| 2017-03 | 1 |  | capital falling |
| 2017-06 | 2 | noncurrent p90 |  |
| 2017-09 | 1 |  | noncurrent p90 |
| 2017-12 | 1 |  |  |
| 2018-03 | 4 | capital falling, losing money, expense ratio p90 |  |
| 2018-06 | 3 |  | reserve under noncurrent |
| 2018-09 | 2 |  | losing money |
| 2018-12 | 0 |  | capital falling, expense ratio p90 |
| 2019-03 | 0 |  |  |
| 2019-06 | 0 |  |  |
| 2019-09 | 0 |  |  |
| 2019-12 | 0 |  |  |
| 2020-03 | 1 | capital falling |  |
| 2020-06 | 1 |  |  |
| 2020-09 | 1 |  |  |
| 2020-12 | 1 |  |  |
| 2021-03 | 0 |  | capital falling |
| 2021-06 | 0 |  |  |
| 2021-09 | 0 |  |  |
| 2021-12 | 0 |  |  |
| 2022-03 | 2 | AOCI drag >20% of equity, securities losses >30% of equity |  |
| 2022-06 | 3 | construction >100% equity |  |
| 2022-09 | 4 | capital falling |  |
| 2022-12 | 3 |  | capital falling |
| 2023-03 | 3 | expense ratio p90 | AOCI drag >20% of equity |
| 2023-06 | 3 | uninsured deposits leaving | expense ratio p90 |
| 2023-09 | 3 |  |  |
| 2023-12 | 3 |  |  |
| 2024-03 | 4 | expense ratio p90 |  |
| 2024-06 | 3 |  | uninsured deposits leaving |
| 2024-09 | 2 |  | construction >100% equity |
| 2024-12 | 2 | construction >100% equity | expense ratio p90 |
| 2025-03 | 1 |  | construction >100% equity |
| 2025-06 | 1 |  |  |
| 2025-09 | 1 |  |  |
| 2025-12 | 2 | construction >100% equity |  |
| 2026-03 | 3 | capital falling |  |
| 2026-06 | 3 |  |  |

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

- 2026-01-08 [Best Checking Accounts in Montana for 2026 - moneyrates.com](https://news.google.com/rss/articles/CBMiekFVX3lxTE1rcXR2TFJsMXo0VXduMDI1T0YyaEY0T09TRkl5UkZ6WmZzSXNHbkJEMTc4WFR2elVlVzdZR0V6T1ZjdktMRmtlNTQzeTV0N1h4Y1ROUFdYRjFfazZKN1B3ZURHRVkwRkZFeUhvQjRWcWpYQUFMT3VRWXBB?oc=5) · moneyrates.com
- 2015-12-16 [Tadvick retires from Farmers State Bank after 44 years - Bitterroot Star](https://news.google.com/rss/articles/CBMilAFBVV95cUxQUlRwSkdTR0F1ZkNwSEpTb3ROUmEtSlJHazNsMXFFQk1SblRValBFT00yaG1DYUtGYjREQkhHRlFjUEo3ZjFYcDMwdkQtdmNsVTNPa0diMGFfbnh3TmJHazN4LWpOVzFfVVc5NmQzTUprQU9VclZQcloxWk92aTNMZDNTQUxqVWhybGlrZEgtWEFEMGdC?oc=5) · Bitterroot Star
- 2023-06-20 [Forbes 2026 America's Best Banks In Each State List - Forbes](https://news.google.com/rss/articles/CBMiXkFVX3lxTE4xcm9keG1VQVdlREh4RG0tMFA2NktMQ1M4SjBicWxRTkJ3a0lOQTVqSXA0d1FkZ0RPOXQxWjFXYzg5SWhNNTBTU0Rqa0Vuekp2TzR5WnhXLTBwel9MdWc?oc=5) · Forbes
- 2025-04-17 [Farmers State Bank of Hoffman announces leadership transitio... - morningsentinel.com](https://news.google.com/rss/articles/CBMiqwFBVV95cUxNNjJUMEYxV3h2cVNFdHZtLW9YR3dVUkZkbzVoQzVlcWV4RTlpQlotZ1RjUFphMlpXVWxTQmE0TW5oNFluTjQ3RkdUcHpxalJPMi1kd2JkQ1BHQ1NiaHo0YU9kaTZEOHJJd25WTmViT1ZqN0Fsek5YQmlfN1dOZy1sOElmWV91YWQ0Wmt6S1hwRkNUUjBRNkthTmpxdzNjTkI2N2VkLWIzRHRocjQ?oc=5) · morningsentinel.com
- 2019-01-13 [Farmers State Bank offering help during government shutdown - KPAX News](https://news.google.com/rss/articles/CBMingFBVV95cUxQZkoyQkptRzAzcktubVVMT2NLX0ZDa2k4czUxVTJKLURZMUZiaExsVUZzY0p6T3RhRldzcjVvdklxdzZZZDFjdEZ4cjlDekZsZnhrUHdUVWVCVkszMkFwbEs4ZVRQWTJNOHRaS21rZ2dqTnRiTUUwWUNkb2xtSFJLSkgzU2lyRDQ2aWJMbGUtM2xEemNZLUJNS2RiZzZHQQ?oc=5) · KPAX News
- 2018-08-08 [Farmers State Bank opens branch in Kalispell - Daily Inter Lake](https://news.google.com/rss/articles/CBMilgFBVV95cUxNaktzLXRqUFZCWl95ekdWLUtJRHBKOFNQVG9wSTJTbTJWMVJTREtadVhxMk1tTXBJRzRxc09lcjZRMjNPZW5jU1p0akY0S25sYW9xMWw2bVJYb3ctTXhOM3B2LWp3ZG95ZWUtQURNdGFGMjVqZkJsMlozUFJsZHBnamFObDhuQjhlTHZhR0YzU09yczFKTHc?oc=5) · Daily Inter Lake
- 2016-06-23 [The State Bank of Townsend and Dutton State Bank merge - Great Falls Tribune](https://news.google.com/rss/articles/CBMirwFBVV95cUxOT1pIRTJuZWgteUVDbmZ5VDR5Ukd6QTRCTXJkSU0ySlJtNnJuNkx0TFBOMFZLRTRDYldZR3d3WkhfaWxyLUV1eGpVQ1lyNEdJclZCU1lBMGxPRHFESG9iSkpfNTNIbkR2WjhOM1o1dkJVbWVlVWxSbGZnVElHX3B3NGdISXBEYXhjLVAxOG9xbTNGdzhPT3RZUUZtNzR3OWNaMnhvMGtwLUg2emhobENv?oc=5) · Great Falls Tribune
- 2019-09-12 [Hundreds celebrate Farmers State Bank of Hamel; Medina based bank celebrates 100th birthday - hometownsource.com](https://news.google.com/rss/articles/CBMiqwJBVV95cUxOeVB3SWlETlE3X2dibV9tQnc5VlNfcUxQREZoOTFxNEc2M3VTV05qQm5uX2lFZFpPSTRrR24tWUtjZzR3dDFnTGFKVVRqcjFDaEtNRWZCbzl5Tkc4VWhNOWFnU2xaM1ZyMjNFU0VFb2U5bExDMW1rVnpXYUFUUUhTOWxmWWlKWTZKNXp4RmlaeDVrZ2VjUlhVcDA1NDl5RndRVk10eVc3RWg5ZGRMcDZHY0Y1QkxEMmdQUTVENkp6dmtubUE3UHF4SEsxdmphS2ljOE0xaHg5dHZhVGo3Y1k4OTMwblpkNFFHd18zMlVPRmtMWGtLTnA1WmxmTkMydllMWTlGc2Zydnp0ZG5MMzB0OXFBaHdXSl92ejlpSElESzBCZTB6SnRyNzJkUQ?oc=5) · hometownsource.com

## How to verify

- Page: https://getbookiq.com/bank-desk/#bank=342 (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/22.json (key "342", 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