# THURSTON FIRST BANK
OLYMPIA, WA · FDIC certificate 57862 · asset band <$300M · latest filing 2016-09 · stopped filing (departed)

**Verdict on the desk:** this could be *funding-stretched*. 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 | $133.3M | |
| Deposits | $113.0M | |
| Loans and leases | $76.5M | |
| Total equity | $13.0M | |
| Loans / deposits | 66.73% (p36 of band) | 75.30% |
| Liquid assets / assets | 40.55% (p67 of band) | |
| Uninsured deposits / deposits | 18.89% (p69 of band) | 14.23% |
| Brokered deposits | 19.58% | |
| Wholesale funding | 24.92% (p98 of band) | |
| FHLB advances / assets | 5.33% | |
| Tier 1 leverage | 9.59% (p27 of band) | 10.87% |
| Unrealized securities loss / equity | -0.21% (p3 of band) | 1.65% |
| AOCI / equity | 0.91% (p54 of band) | |
| ROA (annualized) | 0.71% (p38 of band) | 0.88% |
| Net interest margin | 3.21% (p25 of band) | 3.67% |
| Efficiency ratio | 67.50% (p40 of band) | |
| Noncurrent loans | 0.49% (p43 of band) | 0.69% |
| Net charge-offs (annualized) | -0.13% (p3 of band) | |
| Reserve coverage of noncurrent | 289.54% | |
| Real estate % of loans | 46% | |
| Construction % of loans | 18.88% (p54 of band) | |
| Auto loans | $0 (0.00% of loans; DQ –, NCO 0.00%) | |
| Loans to nondepository financials | $0 (0% of equity) (p48 of band) | |
| Deposits YoY | -2.1% | |
| Employees | 17 | |

## Flags firing in the latest filing

- **brokered >10%** (`liq_brokered`)
- **wholesale funding >15%** (`liq_wholesale`)

## Warning timeline

| Quarter | Score | Flags that first fired | Flags that cleared |
|---|---|---|---|
| 2011-03 | 2 | charge-offs p90, reserve under noncurrent |  |
| 2011-06 | 5 | brokered >10%, wholesale funding >15%, losing money |  |
| 2011-09 | 6 | noncurrent p90 |  |
| 2011-12 | 5 |  | brokered >10% |
| 2012-03 | 7 | brokered >10%, deposits shrinking, assets shrinking, uninsured deposits leaving | charge-offs p90, losing money |
| 2012-06 | 6 | charge-offs p90 | noncurrent p90, brokered >10% |
| 2012-09 | 5 | noncurrent p90 | wholesale funding >15%, deposits shrinking |
| 2012-12 | 7 | brokered >10%, wholesale funding >15%, capital falling | assets shrinking |
| 2013-03 | 3 |  | uninsured deposits leaving, charge-offs p90, noncurrent p90, capital falling |
| 2013-06 | 3 |  |  |
| 2013-09 | 3 |  |  |
| 2013-12 | 3 |  |  |
| 2014-03 | 3 |  |  |
| 2014-06 | 2 |  | reserve under noncurrent |
| 2014-09 | 2 |  |  |
| 2014-12 | 2 |  |  |
| 2015-03 | 3 | reserve under noncurrent |  |
| 2015-06 | 4 | noncurrent p90 |  |
| 2015-09 | 3 |  | noncurrent p90 |
| 2015-12 | 4 | capital falling |  |
| 2016-03 | 2 |  | reserve under noncurrent, capital falling |
| 2016-06 | 2 |  |  |
| 2016-09 | 2 |  |  |

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

- 2014-10-21 [Thurston First Bank: Revitalizing the Downtown Olympia Core - ThurstonTalk](https://news.google.com/rss/articles/CBMibEFVX3lxTFBiVVh6Q0VLNXpwY0V2ejdKNnNBU3YxUEdocVRTclVVdks5eFRZYkwtaFZTVHpqRGhJdjZ1a0xxM3BueWUxX2VSX2R1N0hsbk9pU2pZdmRuOExLeFpyRFlNX1lXNGtVZUZNaXZPOA?oc=5) · ThurstonTalk
- 2015-12-09 [Thurston First Bank Helps Turn SideWalk Donation Into a Larger Gift - ThurstonTalk](https://news.google.com/rss/articles/CBMieEFVX3lxTFBvT0hPWm4zdjdISGZIQkhkUWl1YlBnOWlFMERzckFIV0s1TDFab3ZhdGMyUElWT29ZNGV5RzFaaFotblB2aFZEamEtMlNUc3FDTXk4SkhhYkhZcGRLMVhLTEJVRXJ6Q0IwNFlkZVlWdEVLbUVfbmwzag?oc=5) · ThurstonTalk
- 2021-02-17 [Strickland and Long come together for Black History Month conversation - thenewstribune.com](https://news.google.com/rss/articles/CBMicEFVX3lxTE9QQm9KVXNuWXJqYU5qRjNTVkFOSDAzZS0xaS1ZOUpfd2lIZHFPY0lkd1BxS2JoeHA3QTM0YWg1aWtLYUN5TzlBdTVJeEc4RV9pU290Zzg0Um5Nb0U2MUFtZFY3eVAxZXh0SUl6cXNsMEvSAXBBVV95cUxOdEFrUFBaTEtsUV9WSGtMZUxaeWlidU4zRENoSTV4eFE4ZGVHVnZabGlfNlFOb19yaUM3TUhIekF6OFFGbVJ6dWtFajAxV1lzdVpUQjdVQUh3YU56cFhpRG5XN2h6eDF6THJpLXlfRnBw?oc=5) · thenewstribune.com
- 2016-08-18 [Portland: The Land of Low Inventory - builderonline.com](https://news.google.com/rss/articles/CBMiiwFBVV95cUxPZ29fUEkzMGdnUGxucVdsOFNqVnpUQk51UUJLN2UxTjdPbXl3RkpGcHBTUE00dUd3VFE4VFFqZTZFT056cm5aRDdjOXlkbmZadjgyRUFoN3QzMXFZajRTMUhmX0hrbnQ1VkFYb3VKWVNMcE5ER0RmTlZuUjA0YWVobFB5clhlWmZPN2I0?oc=5) · builderonline.com
- 2022-07-10 [Kenneth Pekola Obituary (1962 - 2022) - Seattle, WA - The Olympian - legacy.com](https://news.google.com/rss/articles/CBMikwFBVV95cUxPcHp3OWxUR0t3cUZTNmtLd0tLS3JEeTYyZmYyT2M1dml1eFprWmNYOWdRZ0V5NmRMWDVQdjRJOENrQmxsOXdJQU9ob0lJWHpwWW5wbFBLZWJPNkhpd3JoQjhoOHRONDgtOWJuX1lHS3Mxc0RpUC1uZGtHZk5GVzdZSTdQbnJoNHc0OEZJMEtwN0VZNTg?oc=5) · legacy.com
- 2022-03-25 [Thomas Architecture has new associate principals - thejoltnews.com](https://news.google.com/rss/articles/CBMikwFBVV95cUxQUmw1RFpQNnRIZ3gxeGw4S2R6VXBwSE12ejhfeEwwemxRTkpxMWNubXo2SkxSVFN1YUs3RG1vNGhCN2tHcjRRSVFYY0wtSDltSThOS01ycXROYTFseERGNVFLLTZVNExVTVJ4cUpyWVVXUnU4OHdSLVRNY0lmOXlSS01lVEw3RktyR053RVZ2Uy0xZU0?oc=5) · thejoltnews.com
- 2015-05-31 [Leadership Thurston County Honors Class of 2015 - ThurstonTalk](https://news.google.com/rss/articles/CBMikgFBVV95cUxNSVdKakFsX3A2OEdnckN6Zm9QNTlxZ21GTzJQQXFxeE1CdkhDX2tKOUVqZWExeEIxSUdUTHJYVUhYdkdIQXUzQm1VVXRLOXJYUGFkaTFnTUZXbHpOYTRzMFFaQlBUcWFYS0Zzd04tQzhjUzRtdVVYSkRvWVpycjNlaEYwSmRzZmpvNG5IOENVN1dEZw?oc=5) · ThurstonTalk
- 2015-09-11 [Blackbird Mercantile and Trading Co: Fancy, Vintage, and Approachable - ThurstonTalk](https://news.google.com/rss/articles/CBMieEFVX3lxTFBTc09ubmlOR1BpNXlLUWdNeUg0VGljdjI4WGxMUFhqVko3X2ZEZ1F3S3VldlhsODA3UGZ0dkNhUFozZmZ6VnExemJSN3JMLUkyTWQ5ZWdoYl81WDZhSUlnUExBSVI0czNwbklyeEwwc01xWUgtY3RZMg?oc=5) · ThurstonTalk

## How to verify

- Page: https://getbookiq.com/bank-desk/#bank=57862 (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/6.json (key "57862", 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