# FIRST BANK
WEST DES MOINES, IA · FDIC certificate 4516 · asset band <$300M · latest filing 2014-06 · stopped filing (departed)

**Verdict on the desk:** this could be *credit-stressed*. Composite score 7 (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 | $86.0M | |
| Deposits | $76.7M | |
| Loans and leases | $46.4M | |
| Total equity | $3.9M | |
| Loans / deposits | 58.76% (p31 of band) | 70.22% |
| Liquid assets / assets | 39.15% (p59 of band) | |
| Uninsured deposits / deposits | 7.62% (p26 of band) | 12.36% |
| Brokered deposits | 0.00% | |
| Wholesale funding | 5.67% (p70 of band) | |
| FHLB advances / assets | 0.00% | |
| Tier 1 leverage | 4.55% (p1 of band) | 10.41% |
| Unrealized securities loss / equity | 0.03% (p43 of band) | 0.24% |
| AOCI / equity | 14.08% (p98 of band) | |
| ROA (annualized) | -1.41% (p2 of band) | 0.79% |
| Net interest margin | 3.35% (p34 of band) | 3.62% |
| Efficiency ratio | 116.50% (p97 of band) | |
| Noncurrent loans | 1.30% (p61 of band) | 0.88% |
| Net charge-offs (annualized) | -0.08% (p6 of band) | |
| Reserve coverage of noncurrent | 220.83% | |
| Real estate % of loans | 88% | |
| Construction % of loans | 94.01% (p95 of band) | |
| Auto loans | $220,000 (0.47% of loans; DQ 0.00%, NCO 0.00%) | |
| Loans to nondepository financials | $0 (0% of equity) (p48 of band) | |
| Deposits YoY | -9.4% | |
| Employees | 26 | |

## Flags firing in the latest filing

- **leverage <7%** (`cap_low`)
- **leverage <5%** (`cap_critical`)
- **losing money** (`earn_negative`)
- **expense ratio p90** (`earn_efficiency`)
- **deposits shrinking** (`shrink_deposits`)
- **assets shrinking** (`shrink_assets`)

## Warning timeline

| Quarter | Score | Flags that first fired | Flags that cleared |
|---|---|---|---|
| 2011-03 | 5 | leverage <7%, leverage <5%, noncurrent p90, reserve under noncurrent |  |
| 2011-06 | 5 |  |  |
| 2011-09 | 6 | charge-offs p90 |  |
| 2011-12 | 5 |  | charge-offs p90 |
| 2012-03 | 8 | charge-offs p90, deposits shrinking, assets shrinking, uninsured deposits leaving | noncurrent p90 |
| 2012-06 | 5 |  | leverage <5%, reserve under noncurrent |
| 2012-09 | 4 |  | uninsured deposits leaving |
| 2012-12 | 6 | leverage <5%, losing money, expense ratio p90 | deposits shrinking, assets shrinking |
| 2013-03 | 6 | capital falling | charge-offs p90 |
| 2013-06 | 7 | construction >100% equity |  |
| 2013-09 | 5 |  | capital falling, construction >100% equity |
| 2013-12 | 5 | deposits shrinking, assets shrinking | leverage <5% |
| 2014-03 | 5 | construction >100% equity | assets shrinking |
| 2014-06 | 7 | leverage <5%, assets shrinking | construction >100% equity |

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

- 2026-08-05 [Clinton’s Citizens First Bank announces new Morrison branch - Shaw Local](https://news.google.com/rss/articles/CBMirAFBVV95cUxQcDAwaDFxWUtVVlF1Ul9MUWZ2RnlTNC1EVGkyNDBTYm56UmRyRGdSZzFrMEU1bkRRaWhkYmNsN1Z6RHpZQTZNMWxNZXJjYlQ5c3JBck5rYktld1U3Z002d2ZQbGluWWlpZnU3cVNQYkN0ZmlqS1RjV3hudllVQVlLbjQ3M3hXWWNWV3RocUo0dFRuXzBZZlJJdFA1VXpkSVhvb3RqWWtHcUdzVkEt?oc=5) · Shaw Local
- 2026-08-14 [IDFC First Bank poised to outpace Indian banks on NIM and loan growth - Asian Banking & Finance](https://news.google.com/rss/articles/CBMiugFBVV95cUxPcUJxU1pRa0doa0lwRDM4d2ljSVpueEpldWFHWERlUlZHd1c0MmJENVpmWjk0X3dCVDY5c01GR0I2SzFaX3Z3UHlBaXpRY0VXcEtEbDBpT01qOHF4ZW1rQmJRMGlZdW5jLUhmMUk3M1NtY0ExeHI1cDBHRF91RW5XenFzbXFzR2FPeVNoSzJaVXc3bUpCMWxyemVaVmZvdjZKMERuOGtnSkdCcS1GMzYyeHRyVlpCMUMzT2c?oc=5) · Asian Banking &amp; Finance
- 2026-02-18 [List Of Failed Banks: 2009-2026 - Bankrate](https://news.google.com/rss/articles/CBMiZEFVX3lxTFAtbi1TaWMteGEyOHdQbnlXd0tPRzM2WFJQZjdPdzViQTZFLVVHODJRTEdqRWhnMkxIOG5xMUVSWU5iNHZSbVpnQ2Z4TWdiMDVwN2NTdUNGd3dXZ2tGcGZ2VWVJRnM?oc=5) · Bankrate
- 2026-06-22 [Santander turns its AI-first strategy into measurable impact and extends AI access to all 185,000 employees - santander.com](https://news.google.com/rss/articles/CBMi2wFBVV95cUxNUnJpb3F5T0V4Tll3MjJqNUstQVEtNF9UMWhGMEdTS1JjSVV1ZTlVQkFFazZGd09HZ3pYc3ZZbklyRHhQTFVfX2xnVXk4UFVUWHNvcHNMQl9vMDBqQUVzcGpCNWs3ajktRjkwZ0xNQXoxd1o2ZFZwdzhnR3VuVGw4OFkteFhDYUN4YkozanlHa3ViTGQ4dUlsOHlLbW1NZVFqYTBPa1hGdUJjckpEVkJDaHMxR0R1dy01UmVSWklOOWhta0RLMkJmMEp3anpZX0ZjQnBBQTBXeWhmM0k?oc=5) · santander.com
- 2026-02-12 [Jennifer Siech joins First Bank leadership team - Community Newspaper Group](https://news.google.com/rss/articles/CBMi-AFBVV95cUxQS2dyVy1ITzRaMEo2MktKSmQyd0YwYVhlZEFURTBVWWg0THdfRGtGbHpFcFltR21vSkJlWG1vNkVreXhMeW4wTjBUSjNGcjFYZy1LcEVWeGs5M1U5WGFvSGN2U2IyVHUtOFBXMWdZVDAwM2FFNTFBY183WUh0eG1SN28zMGlvbUU1STNWNjZRS09VMEkwNG5GNHAwNzlHVG5GMHk1Z2pTcE5TTkVwTGRYalZVVkx0Z28yLXlyT1YxMWQ4NjNZeGNxaFhzY01oNDRTRS1DVzlud3FkZUxSS1Y1MnI5WWtHVFhNV3BDa3lkX2xsYXNwbHgtMQ?oc=5) · Community Newspaper Group
- 2026-02-09 [15 most recent bank failures - American Banker](https://news.google.com/rss/articles/CBMickFVX3lxTE9OU0FZMFVvZ2QtYXVOTWpCa3djUGxETDEzbzlFTWhobUpfVnZMdWlDWmswQzNrOEIzc0ZDWVM3cnFTV1ZXTlRMamp2V25jM0ppMTBYM3BEZFM3OFI4bnIyaFlBSlQtT2NNa0RxMURCZ3JaQQ?oc=5) · American Banker
- 2026-01-18 [Today in History - Jan. 18: Bank of Florence chartered as Nebraska’s first bank - WOWT](https://news.google.com/rss/articles/CBMinwFBVV95cUxOZUtxRW1OOEZROHUyd1hTamZjUjVfcHZrX2V2Qzl4ZGhUdGJsa0d0Y0dXM0pDa3kyQXZxeXBQM1dvMlZ1OFhSTjNwVEUxMjA3bklJSHhkYzkxLVFmaDhkWDdxTkxuZURQbDBScnFOTlR6Ty1aVUh3RENOOEViLTZsUzd2ckRndHEtRHZndHFMZWRBTkd3TXhCY1RlWGdoZzA?oc=5) · WOWT
- 2026-05-07 [Bank Iowa names Herrboldt President/CEO in bank’s 50th year - Newton Daily News](https://news.google.com/rss/articles/CBMipwFBVV95cUxPaXFfZVdJcC11OFhOUFU1Y3FkUXM1UjlIa1p3VUNpaFVPYlp4ZFJVUnFsYUJocWFMUWM2QmphUEZjeWRuVjVqaFUtOHRuczhBZFBxZFdrWXVzUFV4X1BiUl9RaDFjQ2lMRFhWSjJJS1FfX2RaSW5wc1FNbHY2c0NSRDdBWUNCcFRSMHRRVzFJc1AwejdHOU1pc3NkX3RqSnZHTFc3RzhBNA?oc=5) · Newton Daily News

## How to verify

- Page: https://getbookiq.com/bank-desk/#bank=4516 (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 "4516", 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