# PEOPLES STATE BANK LAKE CITY, FL · FDIC certificate 34702 · asset band <$300M · latest filing 2018-12 · stopped filing (departed) **Verdict on the desk:** this could be *funding-stretched*. Composite score 5 (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 | $86.2M | | | Deposits | $71.6M | | | Loans and leases | $75.4M | | | Total equity | $7.9M | | | Loans / deposits | 104.27% (p93 of band) | 77.51% | | Liquid assets / assets | 7.81% (p3 of band) | | | Uninsured deposits / deposits | 15.59% (p49 of band) | 15.78% | | Brokered deposits | 0.00% | | | Wholesale funding | 6.46% (p72 of band) | | | FHLB advances / assets | 4.64% | | | Tier 1 leverage | 9.22% (p16 of band) | 11.30% | | Unrealized securities loss / equity | -1.50% (p54 of band) | -1.85% | | AOCI / equity | -0.29% (p66 of band) | | | ROA (annualized) | 0.76% (p33 of band) | 0.99% | | Net interest margin | 4.26% (p75 of band) | 3.82% | | Efficiency ratio | 82.12% (p80 of band) | | | Noncurrent loans | 1.15% (p70 of band) | 0.53% | | Net charge-offs (annualized) | -0.04% (p6 of band) | | | Reserve coverage of noncurrent | 80.46% | | | Real estate % of loans | 94% | | | Construction % of loans | 150.27% (p99 of band) | | | Auto loans | $361,000 (0.48% of loans; DQ 8.59%, NCO 0.00%) | | | Loans to nondepository financials | $0 (0% of equity) (p48 of band) | | | Deposits YoY | -3.0% | | | Employees | 29 | | ## Flags firing in the latest filing - **loans exceed deposits** (`liq_ltd`) - **liquid assets <10%** (`liq_thin`) - **reserve under noncurrent** (`aq_reserve`) - **construction >100% equity** (`conc_construction`) - **uninsured deposits leaving** (`flight_uninsured`) ## Warning timeline | Quarter | Score | Flags that first fired | Flags that cleared | |---|---|---|---| | 2011-03 | 2 | losing money, reserve under noncurrent | | | 2011-06 | 2 | | | | 2011-09 | 4 | capital falling, noncurrent p90 | | | 2011-12 | 4 | charge-offs p90 | noncurrent p90 | | 2012-03 | 7 | expense ratio p90, noncurrent p90, deposits shrinking, assets shrinking | charge-offs p90 | | 2012-06 | 7 | | | | 2012-09 | 5 | | capital falling, noncurrent p90 | | 2012-12 | 6 | noncurrent p90 | | | 2013-03 | 1 | | losing money, expense ratio p90, deposits shrinking, assets shrinking, noncurrent p90 | | 2013-06 | 2 | noncurrent p90 | | | 2013-09 | 2 | capital falling | noncurrent p90 | | 2013-12 | 2 | noncurrent p90 | capital falling | | 2014-03 | 0 | | reserve under noncurrent, noncurrent p90 | | 2014-06 | 1 | reserve under noncurrent | | | 2014-09 | 3 | capital falling, noncurrent p90 | | | 2014-12 | 1 | uninsured deposits leaving | reserve under noncurrent, capital falling, noncurrent p90 | | 2015-03 | 1 | charge-offs p90 | uninsured deposits leaving | | 2015-06 | 2 | uninsured deposits leaving | | | 2015-09 | 2 | capital falling | uninsured deposits leaving | | 2015-12 | 2 | | | | 2016-03 | 0 | | charge-offs p90, capital falling | | 2016-06 | 0 | | | | 2016-09 | 1 | capital falling | | | 2016-12 | 1 | construction >100% equity | capital falling | | 2017-03 | 1 | | | | 2017-06 | 2 | charge-offs p90 | | | 2017-09 | 1 | | charge-offs p90 | | 2017-12 | 1 | | | | 2018-03 | 2 | expense ratio p90 | | | 2018-06 | 2 | uninsured deposits leaving | expense ratio p90 | | 2018-09 | 4 | loans exceed deposits, liquid assets <10% | | | 2018-12 | 5 | reserve under noncurrent | | ## In the news (Google News, unfiltered, newest first; check the city) - 2026-09-09 [Peoples State Bank and Bank First Corp. intend to merge in 2026 - Chippewa Herald](https://news.google.com/rss/articles/CBMiogFBVV95cUxQWTh1OWF1clR6cV9JWng4Rk9wbUlmeTdwb0FVWktHa1plV1JTQTJvNTdEM3V5UllWSGdxVkZpbm44MUZrNHBDYjdXZzNiT3pla1dZemxHS09Ib29NS01WRUNFa3BQbkFXdGpJYmZERHpSdnp4RDQ1RkQ3Z292bW9xUko1SlhBLVYxcTV6VWFsN2VkQkx4SThSU2RnTEE3bEZNMkE?oc=5) · Chippewa Herald - 2026-02-18 [List Of Failed Banks: 2009-2026 - Bankrate](https://news.google.com/rss/articles/CBMiZEFVX3lxTFAtbi1TaWMteGEyOHdQbnlXd0tPRzM2WFJQZjdPdzViQTZFLVVHODJRTEdqRWhnMkxIOG5xMUVSWU5iNHZSbVpnQ2Z4TWdiMDVwN2NTdUNGd3dXZ2tGcGZ2VWVJRnM?oc=5) · Bankrate - 2021-04-19 [Alabama bank to buy Peoples State - Nashville Post](https://news.google.com/rss/articles/CBMiygFBVV95cUxQMXlDYWg2Vkw5aUdvZndUZXFLd19wSmpKRlZtZ0V6UU5ha19jVmRzaDdLcjRkRmFtT1pQeG1abjlSNzRQem1wUTlvN2xaTTJvTThYOWxMUjkxV2E0eWYtV2FrSjgzcHdiUTB1RFBtRmlwSVhPazVDeTlWVzVYYWp6U1doaFdsTnFzODl4R3NRdjVzV0k2ZGpYSl9xa2VVckl0UU14UG9EWlVIdHpEcDVEUUZMR0Q5Z0twQ3RqNm9RdFVrbXliRWRiNVl3?oc=5) · Nashville Post - 2021-08-04 [Peoples Bank celebrates 100 years - Lynden Tribune](https://news.google.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?oc=5) · Lynden Tribune - 2019-09-25 [Credit unions go shopping - Florida Trend](https://news.google.com/rss/articles/CBMieEFVX3lxTE5mNFNVV3FpcDI0QWxrQThHSU5PUC1rakxIY2gzOFhHV1V6ME8tS3JjMjhoaDl5TjV5bkoyZnFuMmlQamgzODR5dHJRXzJJYnNOZkdEQlhNREV2eXRvaXo5VFNMRlk0NFBkUU96RXk5a3J6ZlNudk9KQg?oc=5) · Florida Trend - 2026-05-22 [Amerant names new CEO, Illinois community banks agree to merge - American Banker](https://news.google.com/rss/articles/CBMingFBVV95cUxPVTR3Y0MwdWlXejI3VkNYWG5sVlBaS3JkZ2dhLURLY1k3bC00a2JjVFRLdHFVcmVMellnZE9aWURfTmY5U3hMdE1rZTlWTE9YcXgwVWg3dkUwMTRMcTlDdjJ2N2t4S3dZX2hPWGE3UWsxN3lIa2hON1JlOHJwTTVmeTFseW9RemhkM0ZsNVozRnIxbDZlelZaWFNFc0p1dw?oc=5) · American Banker - 2026-01-20 [David Allen Svacina Obituary January 20, 2026 - Ascend Funeral Home & Cremation Care](https://news.google.com/rss/articles/CBMiY0FVX3lxTE5DTU02WWJwdXhrTnJXdFMyYkpiOXM4ek9oZklYWDY3MWJMZmxmaHFKOVpIMlRMWEk0dVVtOS10dndLd3k2cVBSUzlFM2dsajJjOU1vakpEMWdNcm9nWjNLRk1SZw?oc=5) · Ascend Funeral Home & Cremation Care - 2021-09-22 [Google Pay growth continues to explode, with dozens upon dozens of new banks signing on - androidpolice.com](https://news.google.com/rss/articles/CBMijAFBVV95cUxQRjVBSkRYUnhSaHFFUTJvZGt2X0R0RnZtcWp6MUUtQjR3R3RXNmc1Umo4Q3NaV0VKVVpsYTRCSVkzb0dfdmhWS05ZWnpQYWh6d3gzc0VVVzBCYXM0MnBCbG9kekdMdnBfZk9selhhTkhDV2pCMGxUNXVlNG5wMmpodURVQWxjanVxT0VhYQ?oc=5) · androidpolice.com ## How to verify - Page: https://getbookiq.com/bank-desk/#bank=34702 (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/14.json (key "34702", 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. --- Rendered 2026-09-10 from the desks' own data files. Full guide: https://getbookiq.com/guide