# FIRST STATE BANK OF COLFAX
COLFAX, IA · FDIC certificate 4440 · asset band <$300M · latest filing 2019-09 · stopped filing (departed)

**Verdict on the desk:** this could be *liquidity-rich*. 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 | $63.5M | |
| Deposits | $47.8M | |
| Loans and leases | $22.1M | |
| Total equity | $15.6M | |
| Loans / deposits | 45.43% (p11 of band) | 77.79% |
| Liquid assets / assets | 64.38% (p93 of band) | |
| Uninsured deposits / deposits | 10.68% (p27 of band) | 15.94% |
| Brokered deposits | 0.94% | |
| Wholesale funding | 0.94% (p48 of band) | |
| FHLB advances / assets | 0.00% | |
| Tier 1 leverage | 24.38% (p95 of band) | 11.56% |
| Unrealized securities loss / equity | 5.08% (p93 of band) | 0.80% |
| AOCI / equity | 0.71% (p28 of band) | |
| ROA (annualized) | 1.97% (p90 of band) | 1.05% |
| Net interest margin | 3.30% (p22 of band) | 3.84% |
| Efficiency ratio | 35.94% (p1 of band) | |
| Noncurrent loans | 0.00% (p8 of band) | 0.56% |
| Net charge-offs (annualized) | 0.00% (p33 of band) | |
| Reserve coverage of noncurrent | – | |
| Real estate % of loans | 65% | |
| Construction % of loans | 0.14% (p15 of band) | |
| Auto loans | $475,000 (2.15% of loans; DQ 0.00%, NCO 0.00%) | |
| Loans to nondepository financials | $0 (0% of equity) (p48 of band) | |
| Deposits YoY | 1.0% | |
| Employees | 8 | |

## Flags firing in the latest filing

- none

## Warning timeline

| Quarter | Score | Flags that first fired | Flags that cleared |
|---|---|---|---|
| 2011-03 | 1 | reserve under noncurrent |  |
| 2011-06 | 1 |  |  |
| 2011-09 | 3 | capital falling, noncurrent p90 |  |
| 2011-12 | 2 |  | capital falling |
| 2012-03 | 2 | charge-offs p90 | noncurrent p90 |
| 2012-06 | 3 | noncurrent p90 |  |
| 2012-09 | 3 | capital falling | noncurrent p90 |
| 2012-12 | 2 | noncurrent p90 | charge-offs p90, capital falling |
| 2013-03 | 2 |  |  |
| 2013-06 | 2 |  |  |
| 2013-09 | 2 |  |  |
| 2013-12 | 2 |  |  |
| 2014-03 | 2 |  |  |
| 2014-06 | 2 |  |  |
| 2014-09 | 3 | deposits shrinking |  |
| 2014-12 | 1 | charge-offs p90 | reserve under noncurrent, noncurrent p90, deposits shrinking |
| 2015-03 | 2 | deposits shrinking, uninsured deposits leaving | charge-offs p90 |
| 2015-06 | 3 | charge-offs p90, reserve under noncurrent | uninsured deposits leaving |
| 2015-09 | 2 |  | deposits shrinking |
| 2015-12 | 4 | deposits shrinking, uninsured deposits leaving |  |
| 2016-03 | 1 |  | charge-offs p90, deposits shrinking, uninsured deposits leaving |
| 2016-06 | 1 |  |  |
| 2016-09 | 1 |  |  |
| 2016-12 | 0 |  | reserve under noncurrent |
| 2017-03 | 0 |  |  |
| 2017-06 | 0 |  |  |
| 2017-09 | 1 | deposits shrinking |  |
| 2017-12 | 0 |  | deposits shrinking |
| 2018-03 | 0 |  |  |
| 2018-06 | 0 |  |  |
| 2018-09 | 1 | uninsured deposits leaving |  |
| 2018-12 | 3 | deposits shrinking, assets shrinking |  |
| 2019-03 | 2 |  | uninsured deposits leaving |
| 2019-06 | 1 |  | deposits shrinking |
| 2019-09 | 0 |  | assets shrinking |

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

- 2015-09-21 [Afton Opal Allen - Legacy obituary](https://news.google.com/rss/articles/CBMikAFBVV95cUxORElzN1ZNTmR3THlBSlE0ZjlYZi1raWhiNzRXX1BFb2ZpLVZQeWVYVDRzbVZITWJrYXhFaTdBNGpUQ2dIT3VBVXAxUlppYzFnRm5jWGtzZklfYnp0SUVWSzBQUl9BdHh1MUg3Z1BqNlZ3dFphNUR3QUJyTnE5dF96NlN1OHlwWUUtSGRJV1pnQTA?oc=5) · Legacy obituary

## How to verify

- Page: https://getbookiq.com/bank-desk/#bank=4440 (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/24.json (key "4440", 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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