# FIRST STATE BANK
ARMOUR, SD · FDIC certificate 3983 · asset band <$300M · latest filing 2016-06 · stopped filing (departed)

**Verdict on the desk:** this could be *ordinary*. Composite score 0 (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 | $112.8M | |
| Deposits | $104.1M | |
| Loans and leases | $72.9M | |
| Total equity | $8.6M | |
| Loans / deposits | 69.69% (p42 of band) | 74.58% |
| Liquid assets / assets | 34.07% (p55 of band) | |
| Uninsured deposits / deposits | 16.07% (p58 of band) | 14.02% |
| Brokered deposits | 0.00% | |
| Wholesale funding | 0.00% (p18 of band) | |
| FHLB advances / assets | 0.00% | |
| Tier 1 leverage | 7.34% (p3 of band) | 10.79% |
| Unrealized securities loss / equity | 4.15% (p70 of band) | 2.02% |
| AOCI / equity | 4.50% (p92 of band) | |
| ROA (annualized) | 0.80% (p46 of band) | 0.86% |
| Net interest margin | 3.18% (p24 of band) | 3.65% |
| Efficiency ratio | 73.37% (p53 of band) | |
| Noncurrent loans | 0.10% (p22 of band) | 0.67% |
| Net charge-offs (annualized) | 0.04% (p66 of band) | |
| Reserve coverage of noncurrent | 502.82% | |
| Real estate % of loans | 15% | |
| Construction % of loans | 0.00% (p7 of band) | |
| Auto loans | $2.7M (3.71% of loans; DQ 4.62%, NCO 0.00%) | |
| Loans to nondepository financials | $0 (0% of equity) (p48 of band) | |
| Deposits YoY | -4.0% | |
| Employees | 26 | |

## Flags firing in the latest filing

- none

## Warning timeline

| Quarter | Score | Flags that first fired | Flags that cleared |
|---|---|---|---|
| 2011-03 | 0 |  |  |
| 2011-06 | 0 |  |  |
| 2011-09 | 0 |  |  |
| 2011-12 | 1 | capital falling |  |
| 2012-03 | 0 |  | capital falling |
| 2012-06 | 1 | uninsured deposits leaving |  |
| 2012-09 | 0 |  | uninsured deposits leaving |
| 2012-12 | 1 | leverage <7% |  |
| 2013-03 | 2 | capital falling |  |
| 2013-06 | 0 |  | leverage <7%, capital falling |
| 2013-09 | 0 |  |  |
| 2013-12 | 0 |  |  |
| 2014-03 | 0 |  |  |
| 2014-06 | 0 |  |  |
| 2014-09 | 0 |  |  |
| 2014-12 | 1 | leverage <7% |  |
| 2015-03 | 0 |  | leverage <7% |
| 2015-06 | 1 | leverage <7% |  |
| 2015-09 | 0 |  | leverage <7% |
| 2015-12 | 0 |  |  |
| 2016-03 | 1 | deposits shrinking |  |
| 2016-06 | 0 |  | deposits shrinking |

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

- 2026-08-23 [The Rev. Allen Lee Lewis Obituary Apr 29, 2019 - Miller Funeral Home](https://news.google.com/rss/articles/CBMiZkFVX3lxTFBjc3BhQ1N4czg2dklkbm5UT1hMYXROdUZQdFFIb1A4RER5b3d3VWpRNHJzZ1pOZnZHWlpuaWp6Q1NLejJKY0o2ZjJyYnliZmZWbUZnZ1NlV3RFN1pjakRHUGtoRnMzQQ?oc=5) · Miller Funeral Home
- 2026-02-18 [List Of Failed Banks: 2009-2026 - Bankrate](https://news.google.com/rss/articles/CBMiZEFVX3lxTFAtbi1TaWMteGEyOHdQbnlXd0tPRzM2WFJQZjdPdzViQTZFLVVHODJRTEdqRWhnMkxIOG5xMUVSWU5iNHZSbVpnQ2Z4TWdiMDVwN2NTdUNGd3dXZ2tGcGZ2VWVJRnM?oc=5) · Bankrate
- 2022-04-12 [First State Bank's new headquarters gives New London Public Library a new home - WLUK](https://news.google.com/rss/articles/CBMisgFBVV95cUxPamNKTkE0NGRZUkhoREp5cDZNWGlPQUhBcHJ1QWhFMXMtaGZzS192YnZxczFYTFNoNzVXVGx1Ni1DSERqSjNrOW9nMGtMYm5RYldrTjFYYWFLVjVFVnFUWlV0aVpHTDdWVmJnTXZ6bVJDY0tkTHNMTmhObHRHYk5hODR4cDR3SFFZclFrVXpxNEw2aDRyeHdhdkpQbFlCT0piS2ZUbl9HN3hWak52QmFlRzF3?oc=5) · WLUK
- 2026-03-09 [First National Bank to Acquire First State Bank of Fountain and Root River State Bank - Fillmore County Journal](https://news.google.com/rss/articles/CBMivAFBVV95cUxPWEJfbFhOemgyV1FNU25XUk9VbDNVWEM2WkN0Z016c1lXLU1kN1kxVTJiUkVWUXR1UW5IRk1rWmJLa29aOG9FeWdoZUloNlNJNEh0UEUzX2pDS19CaEM0Vzd1VFVXbWxfbWh0N2ZNWFVjVjV3RjlucDNJR0w3RGJmZXowem1URE03YU5WNVBYSTZwYXltNnhOeUhUNDZoeWo3Ml9JU1lqcy1NQ0o3Sk45QmRNdTI1WW1TY0RrRw?oc=5) · Fillmore County Journal
- 2022-01-11 [Minnesota bank to add Sioux Falls branch - SiouxFalls.Business](https://news.google.com/rss/articles/CBMieEFVX3lxTE9ETUVVTDdUdWZ2WDAyTTJIMFg5SGc3aF95eWNOa1Vkd3pwN3hqMmhKcFU2NGdITmxWQi1GMW5lbDZ6RnNoam5GNEtGS2NaWkV3bC1DOHdBRjgxcVlOcEZ6cXFId0JWMTJoNkZXNFdpX212WGNEM0s0RQ?oc=5) · SiouxFalls.Business
- 2018-07-20 [First State Bank of ND changes name to BankNorth - InForum](https://news.google.com/rss/articles/CBMiiAFBVV95cUxQOF8yRUI3U3E4cUxBTkxvN3h1dk9iVlViOXdBc0lLNy1jX1BTX0xHcjFOQV9kN2JkQTFaLUxXMktvS1NSQzZCR1FOa3JYUlRXcWJKSW9tNGlGeWtGTzQtZzBtZlhidWZlaGJNb3FWbFo5ZVo5aFRKeFU3TlJMY3BsZjFWSTNOOVNx?oc=5) · InForum
- 2024-09-11 [First State Bank Southwest is excited to announce the appointment of two new board members - The Globe | Worthington, Minnesota](https://news.google.com/rss/articles/CBMilAJBVV95cUxNcEtRWXpOUlZNSE9yaGpPTTFrNzJZbXBBbFRsdnhkUFpHNUZLT2ZqdVY4Mi1EbTI1R2RabDlidWozendpOTdrQXI4Tm9SMnZiSzl5U0hkWEc3UmxzUk4wb1NzUHUyTkZHUzhrS0g3Ymp4RlRzQXdxY1hJN3ZMOTk1YTk1bVRNaVYxQ1RCOHMwQ2VuWWc4TGhENF9mVGRReC1qQ2tOT2xkRnlDVFFvVmp3b2NaWmxjRjF6MUpXOHE2TVlhWXJwTzNQR3RKQzJQWW9GaGZvcnByakFIS3RmYThIZUpNY2FobnlYUWhiejBrd1VCbUZOMDlfVEtja281WWhzUEwwSlhrVUVPMHdOeEdCX1dNbEM?oc=5) · The Globe | Worthington, Minnesota
- 2025-12-01 [Kenneth Jon Klatt Obituary (1940 - 2025) - Sioux Falls, SD - KELOLAND - Legacy obituary](https://news.google.com/rss/articles/CBMijgFBVV95cUxOVkZkT01vREt3M0UwZHpSMVRQblBZYkRFLUpVbHRzbGFHeHRIOTR5QXF3U2NlQ05XNUdoZk1XMDRrREJMZDhFSm8yTWhqVGdkZ0hlWDlHR1BiUFI0Y2pQU3ZjcjNmTUx4eEFqWlh3bzlwbTVuLVlISWVUckZTcmgwSGg5LTBuelhzdXpjUDdR?oc=5) · Legacy obituary

## How to verify

- Page: https://getbookiq.com/bank-desk/#bank=3983 (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/15.json (key "3983", 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