# FARMERS STATE BANK
NORTHWOOD, IA · FDIC certificate 5797 · asset band <$300M · latest filing 2026-06 · live

**Verdict on the desk:** this could be *run candidate*. Composite score 1 (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 | $221.4M | |
| Deposits | $189.7M | |
| Loans and leases | $163.2M | |
| Total equity | $21.9M | |
| Loans / deposits | 84.90% (p71 of band) | 73.59% |
| Liquid assets / assets | 23.16% (p28 of band) | |
| Uninsured deposits / deposits | 15.38% (p33 of band) | 19.81% |
| Brokered deposits | 0.00% | |
| Wholesale funding | 4.15% (p69 of band) | |
| FHLB advances / assets | 4.15% | |
| Tier 1 leverage | 12.73% (p60 of band) | 11.76% |
| Unrealized securities loss / equity | -37.02% (p10 of band) | -6.57% |
| AOCI / equity | -0.39% (p49 of band) | |
| ROA (annualized) | 1.03% (p41 of band) | 1.17% |
| Net interest margin | 4.01% (p54 of band) | 3.93% |
| Efficiency ratio | 62.06% (p40 of band) | |
| Noncurrent loans | 0.77% (p65 of band) | 0.36% |
| Net charge-offs (annualized) | 0.00% (p60 of band) | |
| Reserve coverage of noncurrent | 171.85% | |
| Real estate % of loans | 70% | |
| Construction % of loans | 31.84% (p65 of band) | |
| Auto loans | $2.1M (1.30% of loans; DQ 0.00%, NCO 0.00%) | |
| Loans to nondepository financials | $0 (0% of equity) (p48 of band) | |
| Deposits YoY | 6.4% | |
| Employees | 36 | |

## Flags firing in the latest filing

- **securities losses >30% of equity** (`cap_secloss`)

## Warning timeline

| Quarter | Score | Flags that first fired | Flags that cleared |
|---|---|---|---|
| 2011-03 | 1 | reserve under noncurrent |  |
| 2011-06 | 1 |  |  |
| 2011-09 | 1 |  |  |
| 2011-12 | 1 |  |  |
| 2012-03 | 1 |  |  |
| 2012-06 | 0 |  | reserve under noncurrent |
| 2012-09 | 1 | reserve under noncurrent |  |
| 2012-12 | 1 |  |  |
| 2013-03 | 2 | capital falling |  |
| 2013-06 | 0 |  | reserve under noncurrent, capital falling |
| 2013-09 | 1 | AOCI drag >20% of equity |  |
| 2013-12 | 1 |  |  |
| 2014-03 | 0 |  | AOCI drag >20% of equity |
| 2014-06 | 0 |  |  |
| 2014-09 | 0 |  |  |
| 2014-12 | 0 |  |  |
| 2015-03 | 0 |  |  |
| 2015-06 | 0 |  |  |
| 2015-09 | 0 |  |  |
| 2015-12 | 0 |  |  |
| 2016-03 | 0 |  |  |
| 2016-06 | 0 |  |  |
| 2016-09 | 0 |  |  |
| 2016-12 | 0 |  |  |
| 2017-03 | 0 |  |  |
| 2017-06 | 0 |  |  |
| 2017-09 | 0 |  |  |
| 2017-12 | 0 |  |  |
| 2018-03 | 0 |  |  |
| 2018-06 | 0 |  |  |
| 2018-09 | 0 |  |  |
| 2018-12 | 0 |  |  |
| 2019-03 | 0 |  |  |
| 2019-06 | 0 |  |  |
| 2019-09 | 0 |  |  |
| 2019-12 | 0 |  |  |
| 2020-03 | 0 |  |  |
| 2020-06 | 1 | capital falling |  |
| 2020-09 | 1 |  |  |
| 2020-12 | 1 |  |  |
| 2021-03 | 0 |  | capital falling |
| 2021-06 | 0 |  |  |
| 2021-09 | 1 | uninsured deposits leaving |  |
| 2021-12 | 1 |  |  |
| 2022-03 | 1 | AOCI drag >20% of equity | uninsured deposits leaving |
| 2022-06 | 3 | securities losses >30% of equity, uninsured deposits leaving |  |
| 2022-09 | 2 |  | uninsured deposits leaving |
| 2022-12 | 4 | brokered >10%, capital falling |  |
| 2023-03 | 3 | wholesale funding >15% | AOCI drag >20% of equity, brokered >10% |
| 2023-06 | 1 |  | capital falling, wholesale funding >15% |
| 2023-09 | 1 |  |  |
| 2023-12 | 2 | deposits shrinking |  |
| 2024-03 | 5 | losing money, assets shrinking, uninsured deposits leaving |  |
| 2024-06 | 4 |  | losing money |
| 2024-09 | 4 |  |  |
| 2024-12 | 4 |  |  |
| 2025-03 | 4 | capital falling | assets shrinking |
| 2025-06 | 4 | charge-offs p90 | deposits shrinking |
| 2025-09 | 4 | reserve under noncurrent | uninsured deposits leaving |
| 2025-12 | 3 |  | charge-offs p90 |
| 2026-03 | 1 |  | capital falling, reserve under noncurrent |
| 2026-06 | 1 |  |  |

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

- 2026-08-14 [Farmers State Bank Number of Employees 2026 | Employee Count & Headcount Data - reveliolabs.com](https://news.google.com/rss/articles/CBMidEFVX3lxTE9sTUlmblE2dzd0ZW41UnUtNzFpZFE4b0xWbUExdmxHS2FLdHdhSmdIWFVvUXpfSzR6Q1V3Slp2SEhyaEZ6akE1LVJCX1Rmd2lZcUMxNlhQejk0NkItMW9MQWVjQTZPV3cxN01KVnhIMmlfcDc3?oc=5) · reveliolabs.com
- 2026-07-20 [Farmers State Bank Loan Options with Cameron Lewis - kcrg.com](https://news.google.com/rss/articles/CBMikwFBVV95cUxNSmZFR3dpeVFVTHhSdUlJODA3TjhSZEtRbGRNWG5qYVR4MU1URXFGVjFJZ1duSUZ4M2xRanVxS0s5ZWF6eHVnMXBRem9Wa2JCRHNhb3NEMEN4X0FuYW1DTGFxY1d0T2JQdUg2aDN3Q3R4TmFEQWhFcWo1ZUROVHZaMUVna21kVzJJNkItOUxhdm5nZDA?oc=5) · kcrg.com
- 2026-06-19 [What's closed on Juneteenth in Iowa? Check banks, post office, stores. - The Des Moines Register](https://news.google.com/rss/articles/CBMi1gFBVV95cUxNT2RVVS1mSnF3dHBzdXZlWmR5MmdndEVzaUdPRzBfR2Mwd0JtRXN3VGFOdWRkQmFFMXpXbGVfN3kzdnNKMFBnUmN3MHV2Q25lNVl4dV9HUnAzTEZLMzI2Umh2aFNRVF9la1N2NEVLNzJ5cEw0SDZPdE5yTlpYZ3dIMXVOc0l5OVZMUVZ4TE9LeUxSS2ptTThYTHBnM2FxWGo2Q2JBNTBMZVkxc1NDYVNHbUpkbmxhRy1NSlVFSlJXVVh0WkhLLWJrOUp3S1dsTWJpOVFiLVFB?oc=5) · The Des Moines Register
- 2025-10-24 [Guaranty State Bank & Trust Co. Announces Appointment of New President/CEO - Concordia Blade Empire](https://news.google.com/rss/articles/CBMirgFBVV95cUxNVUFrT2k5TVlBQ2s1elcxblVjN3hOWVE5eXN5Ml9aRUhIWnhiN2ZmRU9LcjBuM0NOYTRpUmFkZHhqUVhYUV9Mb3dCeVR2Vy1sN3djUmdwSnozd2xSRFFxcTRrREtIQVkxT3dDbVdTSU45YVJJSDJnYnNTcXM1YURob3F3SC1BMVdtcHk1a2N3WjZPbmhKMzZoOHVCQmo5WXRhcTlsdWkwNDZMQnVnQlE?oc=5) · Concordia Blade Empire
- 2026-03-16 [Everyday Iowa - Money Monday with Farmers State Bank - kcrg.com](https://news.google.com/rss/articles/CBMikwFBVV95cUxOMXVkZzhobWtoUDYwTG9XR1dBWENRM1hMNThfZm5TQXBlNjk3dFIzNGpOU0RCNmdaTTBxQTZWdlAzdW1VVGhnTXBGUEY0cmZFdjJnM2FWS0VYNk1jVWlXTUZWZ2xhTFA4OVFpNmcyNGhRc0hNMXhiVVlkSm9xaEZQTjVsd1Q5bHg1Q2wyWC1lOVFMM3M?oc=5) · kcrg.com
- 2024-11-20 [Farmers State Bank announces new CEO - Corridor Business Journal](https://news.google.com/rss/articles/CBMiogFBVV95cUxPbUt4QjRLMmhJM0x5bWtsTEpYaFZUSDhhUXRJd3ZEcHJZSWFMbHlQaFJITFVWUFFYZXY3S2F3VlhvMC01aGl1NTBybjlTSzAwWFAwYmd4Wi1TN0dSXzNZTnRhRGZyT2tTODJIZUV4NDdaM1lNbDJkZU1YSUJ1SlVfbV90YWNabGNVSzFwLWtiZ1RtOGllWkF5aV9ZY1h0MzJ2N0E?oc=5) · Corridor Business Journal
- 2026-07-20 [Kansas’ Small Business Bank fails - Banking Dive](https://news.google.com/rss/articles/CBMiuAFBVV95cUxNaUJ1Q2xPZjREN1dRTjFBcUhyRTlCT19RZGFTaF9KQUhRNk9FREloV0h3QmkwQy10c1BqdWNELWZUWHpMR29hZ2x1dGhkbFU0VzBJMDNBREZkaWJlQWJCaVk2U2d6QzRwVHdqZ1pPUEwxWGphVW5PT3YzbGJRbE1ucE5xTmROQ25KQVY5ak42aURRV05KU0xQM0g0T1NTUXFIb2NiLUVsVzhMalBDRjJTZ3lmRFg5NXFB?oc=5) · Banking Dive
- 2023-06-20 [Forbes 2026 America's Best Banks In Each State List - Forbes](https://news.google.com/rss/articles/CBMiXkFVX3lxTE4xcm9keG1VQVdlREh4RG0tMFA2NktMQ1M4SjBicWxRTkJ3a0lOQTVqSXA0d1FkZ0RPOXQxWjFXYzg5SWhNNTBTU0Rqa0Vuekp2TzR5WnhXLTBwel9MdWc?oc=5) · Forbes

## How to verify

- Page: https://getbookiq.com/bank-desk/#bank=5797 (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/37.json (key "5797", 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