# FIRST BANK OF WHITE
WHITE, SD · FDIC certificate 4026 · asset band <$300M · latest filing 2012-03 · stopped filing (departed)

**Verdict on the desk:** this could be *funding-stretched*. 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 | $48.1M | |
| Deposits | $40.7M | |
| Loans and leases | $34.6M | |
| Total equity | $6.3M | |
| Loans / deposits | 83.67% (p81 of band) | 67.95% |
| Liquid assets / assets | 24.40% (p24 of band) | |
| Uninsured deposits / deposits | 2.35% (p12 of band) | 8.38% |
| Brokered deposits | 0.82% | |
| Wholesale funding | 1.60% (p49 of band) | |
| FHLB advances / assets | 0.78% | |
| Tier 1 leverage | 12.15% (p76 of band) | 9.95% |
| Unrealized securities loss / equity | 4.43% (p63 of band) | 2.77% |
| AOCI / equity | 0.00% (p58 of band) | |
| ROA (annualized) | 1.28% (p76 of band) | 0.78% |
| Net interest margin | 4.11% (p71 of band) | 3.77% |
| Efficiency ratio | 58.05% (p17 of band) | |
| Noncurrent loans | 0.53% (p29 of band) | 1.40% |
| Net charge-offs (annualized) | 0.24% (p76 of band) | |
| Reserve coverage of noncurrent | 315.85% | |
| Real estate % of loans | 51% | |
| Construction % of loans | 0.08% (p15 of band) | |
| Auto loans | $2.8M (8.09% of loans; DQ 0.82%, NCO 0.02%) | |
| Loans to nondepository financials | $0 (0% of equity) (p48 of band) | |
| Deposits YoY | -6.8% | |
| Employees | 7 | |

## Flags firing in the latest filing

- **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 | 0 |  |  |
| 2011-06 | 0 |  |  |
| 2011-09 | 0 |  |  |
| 2011-12 | 1 | capital falling |  |
| 2012-03 | 3 | deposits shrinking, assets shrinking, uninsured deposits leaving | capital falling |

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

- 2025-05-20 [Russell S Larson Obituary May 20, 2025 - Eidsness Funeral and Cremation Services](https://news.google.com/rss/articles/CBMibkFVX3lxTE1YWHp0M25MQVlQeWpJbzNSVURreFVHSGM2TGd2ZnZUaDQxUWtvQkhSRDBWeFdqQ2dHMXJYcnE3Z3dhMzdLcnU3RnhZZTJRaTd6dDNFTzhEaTR2Skd0TlFxb2czN2drWEVWVGM2cEN3?oc=5) · Eidsness Funeral and Cremation Services
- 2012-02-12 [Dale F. Murphy Obituary Feb 12, 2012 - Eidsness Funeral and Cremation Services](https://news.google.com/rss/articles/CBMiakFVX3lxTE1zMEEwOHhQNFBrbEhYS2dpdTJCWnNhLUIzSkluT1djSVB4Q0hkZUZWWVY5Sm1pV2hzMEl4MjdtbHZmZmNPSXhGZVFhODVfUlZmdWNDYS1WVTVFNmtFUExKN1hfSjZsOTFnc0E?oc=5) · Eidsness Funeral and Cremation Services

## How to verify

- Page: https://getbookiq.com/bank-desk/#bank=4026 (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/58.json (key "4026", 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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