# FIRST NATIONAL BANK
CLOVERDALE, IN · FDIC certificate 4324 · asset band $300M-1B · latest filing 2026-06 · live

**Verdict on the desk:** this could be *run candidate*. Composite score 2 (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 | $418.5M | |
| Deposits | $383.1M | |
| Loans and leases | $228.5M | |
| Total equity | $32.2M | |
| Loans / deposits | 58.53% (p11 of band) | 82.04% |
| Liquid assets / assets | 41.82% (p85 of band) | |
| Uninsured deposits / deposits | 34.04% (p76 of band) | 25.97% |
| Brokered deposits | 0.00% | |
| Wholesale funding | 0.00% (p11 of band) | |
| FHLB advances / assets | 0.00% | |
| Tier 1 leverage | 9.50% (p23 of band) | 10.81% |
| Unrealized securities loss / equity | -35.63% (p9 of band) | -8.10% |
| AOCI / equity | 0.17% (p87 of band) | |
| ROA (annualized) | 0.42% (p10 of band) | 1.28% |
| Net interest margin | 3.06% (p11 of band) | 3.91% |
| Efficiency ratio | 85.59% (p93 of band) | |
| Noncurrent loans | 0.70% (p63 of band) | 0.43% |
| Net charge-offs (annualized) | 0.01% (p55 of band) | |
| Reserve coverage of noncurrent | 269.68% | |
| Real estate % of loans | 85% | |
| Construction % of loans | 43.05% (p50 of band) | |
| Auto loans | $3.6M (1.58% of loans; DQ 0.77%, NCO 0.01%) | |
| Loans to nondepository financials | $0 (0% of equity) (p45 of band) | |
| Deposits YoY | -2.1% | |
| Employees | 75 | |

## Flags firing in the latest filing

- **securities losses >30% of equity** (`cap_secloss`)
- **expense ratio p90** (`earn_efficiency`)

## Warning timeline

| Quarter | Score | Flags that first fired | Flags that cleared |
|---|---|---|---|
| 2011-03 | 0 |  |  |
| 2011-06 | 1 | reserve under noncurrent |  |
| 2011-09 | 2 | capital falling |  |
| 2011-12 | 0 |  | reserve under noncurrent, capital falling |
| 2012-03 | 0 |  |  |
| 2012-06 | 0 |  |  |
| 2012-09 | 0 |  |  |
| 2012-12 | 0 |  |  |
| 2013-03 | 0 |  |  |
| 2013-06 | 0 |  |  |
| 2013-09 | 0 |  |  |
| 2013-12 | 0 |  |  |
| 2014-03 | 0 |  |  |
| 2014-06 | 0 |  |  |
| 2014-09 | 0 |  |  |
| 2014-12 | 0 |  |  |
| 2015-03 | 1 | charge-offs p90 |  |
| 2015-06 | 1 |  |  |
| 2015-09 | 1 |  |  |
| 2015-12 | 1 | capital falling | charge-offs p90 |
| 2016-03 | 0 |  | capital falling |
| 2016-06 | 0 |  |  |
| 2016-09 | 1 | capital falling |  |
| 2016-12 | 1 |  |  |
| 2017-03 | 0 |  | capital falling |
| 2017-06 | 1 | expense ratio p90 |  |
| 2017-09 | 0 |  | expense ratio p90 |
| 2017-12 | 1 | capital falling |  |
| 2018-03 | 0 |  | capital falling |
| 2018-06 | 0 |  |  |
| 2018-09 | 0 |  |  |
| 2018-12 | 0 |  |  |
| 2019-03 | 0 |  |  |
| 2019-06 | 0 |  |  |
| 2019-09 | 0 |  |  |
| 2019-12 | 1 | capital falling |  |
| 2020-03 | 2 | expense ratio p90 |  |
| 2020-06 | 2 |  |  |
| 2020-09 | 2 |  |  |
| 2020-12 | 2 |  |  |
| 2021-03 | 3 | NIM <2.5% |  |
| 2021-06 | 3 |  |  |
| 2021-09 | 3 |  |  |
| 2021-12 | 3 |  |  |
| 2022-03 | 4 | charge-offs p90 |  |
| 2022-06 | 6 | AOCI drag >20% of equity, securities losses >30% of equity |  |
| 2022-09 | 4 |  | capital falling, expense ratio p90 |
| 2022-12 | 2 |  | NIM <2.5%, charge-offs p90 |
| 2023-03 | 1 |  | AOCI drag >20% of equity |
| 2023-06 | 3 | deposits shrinking, assets shrinking |  |
| 2023-09 | 3 |  |  |
| 2023-12 | 3 |  |  |
| 2024-03 | 3 |  |  |
| 2024-06 | 1 |  | deposits shrinking, assets shrinking |
| 2024-09 | 1 |  |  |
| 2024-12 | 1 |  |  |
| 2025-03 | 1 |  |  |
| 2025-06 | 1 |  |  |
| 2025-09 | 1 |  |  |
| 2025-12 | 1 |  |  |
| 2026-03 | 2 | expense ratio p90 |  |
| 2026-06 | 2 |  |  |

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

- 2026-09-10 [City of Ottumwa sells historic First National Bank to developers for $1 - weareiowa.com](https://news.google.com/rss/articles/CBMi8gFBVV95cUxNMU9vWnhxZFdhMkVkdDN6OWd3TWRJMExiZzN2aXQyNXFzSEo1OThNNldFZWxTbVZqc2VLZVJGdFUtd0xWWkhaVXk5YTI1WER5WjRIcF9LREtRMW9mc1dYRExsQXRDU0s4Z0lfbWlYOThOd1Fmb1ZmZk5yRkFMREJldUVsQzlWV3UyQzc3S1RoSUpJbkVYMGdBenFoWFVjSGhqdEtTeF9GWmVvUGZRWklOZzNCVkJhelBSQ2dFNDdKWjJoN20zczlQUHJKdF9oWkl2bmZUekYyOGZyRkJwSWRZMnJiZFk3WmVTbENCd2thOVh2UQ?oc=5) · weareiowa.com
- 2026-09-09 [First State Bank merger with Bastrop bank complete - Colorado County Citizen](https://news.google.com/rss/articles/CBMiowFBVV95cUxNUVVUT283T3NSdFZxWm1lNzlSdS0wS1R5UlNGX3FTYnNFT3gxWVdGTy03dDUtQmN0eW9yTHd0d0R0ZW43UUpFQ1JBV0E1SGFlUnp3YTFzNDh5MjM1MVg4VkptSXVtc19KR1EybW1lZUV0RWZWLUJsTDJfd2d1aVFEQkxYWFJaNUNrY1BRZDc4bmRuZzJyRVc1TldYWUZwUVBzT3pj?oc=5) · Colorado County Citizen
- 2026-09-07 [Business Insider: First National Bank of Omaha acquires InBank - FOX21 News Colorado](https://news.google.com/rss/articles/CBMiqAFBVV95cUxQbnJ5V3gtWnFXZ0RKNkQ1bzdpS1c5MUNWeWUwYnFMYXo2WTBrVGhzam1QNldmWk9BQmF6WnZMTlMxX05XS1dCMGJRYjNrcVdvZ0djMEVuZE1HWUpJX1g4RHFTV3k0ZGVFNmdFclJGdWpXZERNdGNzRVo3SDNXRTBtQUFjZmFWbGt1VTNIRUN1bUh0VzhaV0hNQjUwa0FpaXZIaGlyUGxlZGzSAa4BQVVfeXFMT0NVcHFJLWZZdURqTE5tbGlRb0dFSl91VG1oNmI0cnl3UkRXVWk2S0tNOE4zblg4RFVOM1BMcVRNaVpqVGNvazBCQzU4cmJneVhoYl9wWUF2T1FCYTI3T3g4MnJZV25rS3pDcEowYXdZZ3oyQm51aTZETG16UzJaeTRJWUxVRTVORzdkSjk0NzdpSkJCU09CRHdsNTNZWGcxWEhES3dWZ2NrWlVKdXVB?oc=5) · FOX21 News Colorado
- 2026-09-01 [Penguins and First National Bank Announce Fourth Annual ‘FNB Small Business Development Camp’ Program for Local Pittsburgh Businesses - nhl.com](https://news.google.com/rss/articles/CBMi-AFBVV95cUxPNEo0UDJRRHU5S3g4RjZ0aEI1V2lHWDBHRVIxaHZCZmVKNDhNTHFEaGN2bEpaNFFjTWpTNkl0RHRLNEJ4NV9mX0duYzNaR2FTVTIyYU1JeWxyWE5sQlZRcmNIeW0tbW96X2JOay0wVkRDRE9wd254SW1RbkNUcnA1a3UxN3ZjTlhVZkppTmR1b2tQOHNFRlB1UmdzSGI1bXZaRkp6RVR3c0ZNaHRNVHdfeW51NjhWc1lmMU9JVl9hb1d6VXpNN09FdzZaM3BSR0w1cE5Cbzg5X2NoQy1zWEk1Tm5mdTFkUkNJR2RKbUs5a2x2blZKWFZuVw?oc=5) · nhl.com
- 2026-08-27 [First National Bank celebrates new branch with ribbon cutting - SiouxFalls.Business](https://news.google.com/rss/articles/CBMilAFBVV95cUxPY0swM1owcnh1Ny1RNTZaeVFMMlNQbUNzT3B6RXp5NWw4VFZIWDlZbnRpUnR2S2FEZE1SbENYMkE5MzcxQVVONFppRG5MY09JVnpwMTd0LWo3eFJzWFhpTFdYSF84ODl2NndMX1hYemFXS3h6NHQ4bnA4U0k3ZmttMk5FMmxaTjR2eVVva2NNQzFISFQ4?oc=5) · SiouxFalls.Business
- 2026-09-04 [First National Bank welcomes Anthony Cobb as SVP - The Post-Searchlight](https://news.google.com/rss/articles/CBMilgFBVV95cUxOZjQxZUx0OGFrYUVGcXVTVmNDek55a084RFdIMUtUQUtDREJJT0wwRkl6M1BKZ0NBZmlOSUt1aHhTT08zdUdHMFlpQWFpRzRJNzN4LWJqeGc2MFFpNkhNT1VOZ2t1ZmdRajJOZGplU3lZSlIzX0U1TlBCWjk0VjZoQVZBM0RDX25vNnVVSjlFYi1aaVZTTUE?oc=5) · The Post-Searchlight
- 2026-08-06 [Downtown St. Paul's skyline once again has a fully lit First National Bank sign - MPR News](https://news.google.com/rss/articles/CBMiuwFBVV95cUxQOUlsS19neXZVN3lhbUFKZDJmSGdDTkg1Y2ZSYmpWMUF6c0UtNnBlVk5yRUdvNS1LUjVBZFhKdy1XOHVieTZHTXE2ejB2NGh0RURtSmhVWlhRRmZrT1hvQTVKeG5manhCb2haYmpnMkctd3lmRDFCajVLSVpuY0NGWmtjaXNOUmdRc1BVamVUZnVSWVZDdEE4Tnd2TnlNdTlYUGdqM0QzS21SZDV5aFk4UExMLU1raFRCMEVV?oc=5) · MPR News
- 2026-05-14 [We’re ready for more agentic AI, says First National Bank of Omaha - TheBanker.com](https://news.google.com/rss/articles/CBMiekFVX3lxTE9uUi1OXy11RTdMejAyRHlneHNXclg3UUt4akJ0RjBUaUhNX1JYSXhrQ3pUZ0xKc19wQVU0TDJfdHBFdm1ub3ZZRkZrTkQ0Q3BZSmhVVF8xRmJUXzUyX0w4VmJOSkJ2Uk56RUNhZkJRb05YaTJqWjJRVmN3?oc=5) · TheBanker.com

## How to verify

- Page: https://getbookiq.com/bank-desk/#bank=4324 (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/36.json (key "4324", 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