# STATE FARM BANK FSB
BLOOMINGTON, IL · FDIC certificate 34617 · asset band $300M-1B · latest filing 2020-12 · stopped filing (departed)

**Verdict on the desk:** this could be *credit-stressed*. Composite score 7 (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 | $717.3M | |
| Deposits | $500,000 | |
| Loans and leases | $283.8M | |
| Total equity | $408.2M | |
| Loans / deposits | 56765.40% (p100 of band) | 77.21% |
| Liquid assets / assets | 36.94% (p69 of band) | |
| Uninsured deposits / deposits | 50.00% (p95 of band) | 24.45% |
| Brokered deposits | 0.00% | |
| Wholesale funding | 0.00% (p10 of band) | |
| FHLB advances / assets | 0.00% | |
| Tier 1 leverage | 14.71% (p93 of band) | 9.86% |
| Unrealized securities loss / equity | 0.00% (p8 of band) | 2.64% |
| AOCI / equity | 0.00% (p9 of band) | |
| ROA (annualized) | 0.00% (p2 of band) | 1.08% |
| Net interest margin | 0.00% (p0 of band) | 3.52% |
| Efficiency ratio | 0.00% (p0 of band) | |
| Noncurrent loans | 2.88% (p96 of band) | 0.49% |
| Net charge-offs (annualized) | 0.00% (p26 of band) | |
| Reserve coverage of noncurrent | 0.00% | |
| Real estate % of loans | 58% | |
| Construction % of loans | 0.00% (p1 of band) | |
| Auto loans | $0 (0.00% of loans; DQ –, NCO 0.00%) | |
| Loans to nondepository financials | $0 (0% of equity) (p44 of band) | |
| Deposits YoY | -100.0% | |
| Employees | 698 | |

## Flags firing in the latest filing

- **loans exceed deposits** (`liq_ltd`)
- **NIM <2.5%** (`earn_nim`)
- **noncurrent p90** (`aq_noncurrent`)
- **reserve under noncurrent** (`aq_reserve`)
- **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 | 3 | loans exceed deposits, brokered >10%, wholesale funding >15% |  |
| 2011-06 | 3 |  |  |
| 2011-09 | 3 |  |  |
| 2011-12 | 3 |  |  |
| 2012-03 | 5 | auto book souring, uninsured deposits leaving |  |
| 2012-06 | 4 |  | auto book souring |
| 2012-09 | 6 | auto book souring, deposits shrinking |  |
| 2012-12 | 4 |  | uninsured deposits leaving, deposits shrinking |
| 2013-03 | 4 |  |  |
| 2013-06 | 4 |  |  |
| 2013-09 | 4 |  |  |
| 2013-12 | 5 | capital falling |  |
| 2014-03 | 4 |  | loans exceed deposits |
| 2014-06 | 5 | loans exceed deposits |  |
| 2014-09 | 4 |  | capital falling |
| 2014-12 | 3 |  | loans exceed deposits |
| 2015-03 | 3 |  |  |
| 2015-06 | 4 | expense ratio p90 |  |
| 2015-09 | 5 | loans exceed deposits |  |
| 2015-12 | 5 |  |  |
| 2016-03 | 4 |  | loans exceed deposits |
| 2016-06 | 4 |  |  |
| 2016-09 | 4 |  |  |
| 2016-12 | 5 | loans exceed deposits |  |
| 2017-03 | 4 |  | loans exceed deposits |
| 2017-06 | 4 |  |  |
| 2017-09 | 4 |  |  |
| 2017-12 | 6 | losing money, assets shrinking |  |
| 2018-03 | 5 | charge-offs p90 | losing money, assets shrinking |
| 2018-06 | 7 | loans exceed deposits, deposits shrinking |  |
| 2018-09 | 8 | capital falling |  |
| 2018-12 | 7 |  | capital falling |
| 2019-03 | 6 |  | loans exceed deposits |
| 2019-06 | 5 |  | deposits shrinking |
| 2019-09 | 6 | assets shrinking |  |
| 2019-12 | 5 |  | assets shrinking |
| 2020-03 | 6 | losing money |  |
| 2020-06 | 5 | capital falling, NIM <2.5%, reserve under noncurrent | auto book souring, expense ratio p90, charge-offs p90, losing money |
| 2020-09 | 7 | noncurrent p90, deposits shrinking, assets shrinking | capital falling |
| 2020-12 | 7 | loans exceed deposits, uninsured deposits leaving | brokered >10%, wholesale funding >15% |

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

- 2016-11-01 [Open Enrollment Is Time for a Financial Checkup - State Farm](https://news.google.com/rss/articles/CBMiggFBVV95cUxNd1Ixa05UVW9lQk96YS1wZUdNTG1sQnkydmFwV2VVOGVLeWJsNFVDRVE2VUhpRkZNTDFLY1FYWDA2SEpnemRzSG1nak9NMG84ZWdrX3JXdDRRNDJNSUY3UmlwMExkdjYtS3dvVUtFZGl3OTlsc2hzMGZHT3A3RG83bjh3?oc=5) · State Farm
- 2019-10-30 [Healthcare Open Enrollment and Financial Checkup - State Farm](https://news.google.com/rss/articles/CBMiiAFBVV95cUxQR2JhVWdyY0oydE1rSndnaU5uSjZNX2ZNQ2M1eWg4S2hVTzVkS2lqTHloT1dPUHV4UGp0U3hmdzdKZlcwS1VnbzhpalFsam0teElmOFFsRkVfc05pSHNiY0NkQWpwNWtuZXVvU2RUVnFNRWd0T0h4ZEk1MXlJc1BWV2tUNUswZzJ6?oc=5) · State Farm
- 2020-04-20 [HSA Bank to Acquire Health Savings Accounts from State Farm Bank - State Farm](https://news.google.com/rss/articles/CBMinAFBVV95cUxOT1dzazNsemlwZzduNC1JN3Y1LUVBUHBwNk9nQ011SHBJSjZ2V3JsTmtRM3NJRy1TTGFQNXp5ek5BSTlBSFNTWVJyeEJtM25ybW8wT2JCbHdlTFZWeGRvdl9RRmhDSXZxaTRlN3gyZFRUT2xBT3FmYzRBT05uWk1VRVFIMUFkN3lVNW82TVhSamF3aXVmaGtnTElvWGU?oc=5) · State Farm
- 2018-03-01 [State Farm® Announces 2017 Financial Results - State Farm](https://news.google.com/rss/articles/CBMic0FVX3lxTE1ISW00VzlaNzZsdjRZNVRrbzNmZGt1a0xJdHJNenl4aHJRa0t5SXJFYTM2Ym1oRExkTnliTEtYaWpGX0lFbXFTX1R3RnRTeS1MUWhPQ29HQ0pKYUNHZkh1Q2R3TXRFNUxZYVV4ZlFWdEo3ZE0?oc=5) · State Farm
- 2020-03-05 [State Farm To Exit $16.4 Billion Banking Business - WGLT](https://news.google.com/rss/articles/CBMijgFBVV95cUxNcTJSbzUzS0hpS3NpdmY0NHlEUWMzQlFYMjJiamJNTlhJRld3T1pwQTBLbVN6VXZQVGNXYUJlRVo0cnhJVUM3MmhLcGxkUnhvRTFBdEtLX3NMRW1JeXRTOWYxZ0NMNHY4Z3VEUjkxTWtTbUtxWDE5dEwzTlQ2c2QtX1V1bEhybGRJUThCQkZB?oc=5) · WGLT
- 2016-02-26 [State Farm® Announces 2015 Financial Results - State Farm](https://news.google.com/rss/articles/CBMigAFBVV95cUxOVEZCYjRNVG1Fb0prVzRsZU9Hdm9jZDd6VlZJbTExMVNuamNPUXZuNjl1ZU9abUZWX25qSXNKMjhGVmxZanVTel9iOVFCdm1IVDZZZTBleFV6dHh2WVREejR0cG9EME93X1RHTHdpbVJRMjZyWnhXbTRnNjRiY2lHaw?oc=5) · State Farm
- 2019-03-01 [State Farm® Announces 2018 Financial Results - State Farm](https://news.google.com/rss/articles/CBMic0FVX3lxTE1FYlNmRlJtTzVJMmVsWGdvX1dDbzhrM0s0aDE5NlNGUHJITVd4SWJrOEtkTG5QMlJ2QkVGV0lEdXR4ZXNGQ294S0haT0p2SkM4QVotTGpOVzUxTzM1cmNpYU5FZ2ptMUtpUU9EcDl0dlVwQjA?oc=5) · State Farm
- 2020-02-28 [State Farm® Announces 2019 Financial Results - State Farm](https://news.google.com/rss/articles/CBMic0FVX3lxTE82VHlCd01udkhiemN4ZDhrM3VvWE01dllmTUxZR0JwUXY5ZWR0d0s2djdUVklac1A4aWhjY0NlMDhCbGs5aGZrMVRMelhiR0g2eHU2c0U2b1hNUzFCNjFmMVI4TWplTEMtaGpqUWhPWG5XNHM?oc=5) · State Farm

## How to verify

- Page: https://getbookiq.com/bank-desk/#bank=34617 (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/57.json (key "34617", 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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