# FIRST STATE BANK
CRANFORD, NJ · FDIC certificate 58046 · asset band <$300M · latest filing 2011-09 · FAILED

**Verdict on the desk:** this could be *credit-stressed*. Composite score 9 (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 | $191.9M | |
| Deposits | $188.1M | |
| Loans and leases | $143.9M | |
| Total equity | $2.0M | |
| Loans / deposits | 72.94% (p54 of band) | 71.39% |
| Liquid assets / assets | 25.86% (p32 of band) | |
| Uninsured deposits / deposits | 5.65% (p35 of band) | 8.02% |
| Brokered deposits | 0.00% | |
| Wholesale funding | 0.00% (p16 of band) | |
| FHLB advances / assets | 0.00% | |
| Tier 1 leverage | 0.84% (p0 of band) | 9.99% |
| Unrealized securities loss / equity | 18.94% (p94 of band) | 3.72% |
| AOCI / equity | 22.11% (p100 of band) | |
| ROA (annualized) | -0.82% (p8 of band) | 0.72% |
| Net interest margin | 3.27% (p19 of band) | 3.86% |
| Efficiency ratio | 127.42% (p96 of band) | |
| Noncurrent loans | 13.40% (p98 of band) | 1.48% |
| Net charge-offs (annualized) | 0.46% (p77 of band) | |
| Reserve coverage of noncurrent | 34.58% | |
| Real estate % of loans | 86% | |
| Construction % of loans | 430.31% (p100 of band) | |
| Auto loans | $4.2M (2.94% of loans; DQ 68.32%, NCO 0.24%) | |
| Loans to nondepository financials | $0 (0% of equity) (p48 of band) | |
| Deposits YoY | – | |
| Employees | 25 | |

## Flags firing in the latest filing

- **leverage <7%** (`cap_low`)
- **leverage <5%** (`cap_critical`)
- **capital falling** (`cap_falling`)
- **losing money** (`earn_negative`)
- **expense ratio p90** (`earn_efficiency`)
- **noncurrent p90** (`aq_noncurrent`)
- **reserve under noncurrent** (`aq_reserve`)
- **construction >100% equity** (`conc_construction`)

## Warning timeline

| Quarter | Score | Flags that first fired | Flags that cleared |
|---|---|---|---|
| 2011-03 | 5 | leverage <7%, leverage <5%, reserve under noncurrent, construction >100% equity |  |
| 2011-06 | 8 | losing money, expense ratio p90, noncurrent p90 |  |
| 2011-09 | 9 | capital falling |  |

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

- 2026-02-18 [List Of Failed Banks: 2009-2026 - Bankrate](https://news.google.com/rss/articles/CBMiZEFVX3lxTFAtbi1TaWMteGEyOHdQbnlXd0tPRzM2WFJQZjdPdzViQTZFLVVHODJRTEdqRWhnMkxIOG5xMUVSWU5iNHZSbVpnQ2Z4TWdiMDVwN2NTdUNGd3dXZ2tGcGZ2VWVJRnM?oc=5) · Bankrate
- 2026-08-24 [Failed Banks In The US: An Analysis By Year, Size And More - Forbes](https://news.google.com/rss/articles/CBMibEFVX3lxTE9SRkVrQmdfS2FWVWlBdzNCcy1OTlAyNlVSUEpoMG5WVllXR0V1dW5NSFBRSW91OUFjZ055S3dyS3RaaVg3dVc3UU12XzhENE5nanJFeEExR016RTR4Y1BERHVJSHlzSDNqS3pUWQ?oc=5) · Forbes
- 2026-07-21 [First State Bank invests $1.5 million in renovation to support continued growth - thefacts.com](https://news.google.com/rss/articles/CBMi6gFBVV95cUxPQjdpcVNfbUQzNE9LUDJWVUF6Q3VmQ2ZtdVlCdDR3Z25lSlBJeUhYZm01UGJRQm05SDY2YzBsTUlfSm1YdXcwc25TeFJnWXNGVmhsUzRDd1lMemRib0U5RUxGT2lLeHJVelNSdnEteVJoTS1NX2dPMF9TYW0yZmU2U2dxd1pjWEpJN2dRV1lZMnZtWUU4dW1wOTNtbGpGc1JmYmE1b3gwbVZCU2I4QXpzZWxjT2FkTkljcE42REU2QmJaanU5Vm1RZ2tJR1dQSUJaT2pBTkhGOWNCRlhJWi1XWFpISmdTdDB5RGc?oc=5) · thefacts.com
- 2020-11-06 [First State Bank closing two Denton branches - Denton Record-Chronicle](https://news.google.com/rss/articles/CBMiwgFBVV95cUxOanNINW4xaV9XLU5jN2RURmJxZENDXzlkY1JLTHBDUkdTSmtjbGhfX1dsa0hxN2pkOE1GQ0picGlwajJVYzdQNzFwcW01SDMwSk1HOU8tdkR5YklKaVI5LW5vNThOLTJ0YmtUZW5ZQ0xLTlZvZVJtSHA4U3IxUXd4cDJGVGdXOEJTRTRZREViUm9VRUxBcTRmUDlNbTNqS3MtelRObC1EMWd0NnNDanUzVjN2MkYzckdrWjNjV1RLUXdTZw?oc=5) · Denton Record-Chronicle
- 2022-08-18 [Bailout List: Banks, Auto Companies, and More | Eye on the Bailout - ProPublica](https://news.google.com/rss/articles/CBMiV0FVX3lxTE9yUjlLUHlRTkFPekMwR3J1MXFxS2o0OWc3cTFybnY2U1ZhZ1BkTVRweEE5bXJuWnVSTTRxWk1malZlQ2dPUVpHSTk0OTZfNUg3aGpUVVJrbw?oc=5) · ProPublica
- 2024-11-09 [Y-12 Credit Union announces plans to acquire First State Bank of the Southeast - thetimestribune.com](https://news.google.com/rss/articles/CBMi_wFBVV95cUxPMjRxNlNEZGhnR2RubFRkQ3Z3amZub3Zqc25jWDBpRk5oVnRMMU1EdWF1eFFGQ3E1cFd3eUV4NVZad1Nwc2NTXzk0TVlnUG1FUFRfMncwamVuTzA2VG1wQS1DalJ2Y0VyQUlBajRwdk53bmdqV3dLSjROcU55eW43N2FMOFdyZ29oZ0Rub3FWOWNjUjk5WHFidlpfRjh0eFprdEp5ZUhhZ1o1dVQtZTR4dHhNdFZNbm1hSTkyb0gxN1ZGNlN4NWtkN25vN3c3T0dpc1pja1FUdno0ajREQ3k3ZTFPMTk5NTVHZ1dlSFUwY1FyeTBPb3BTbFdzcnVITG8?oc=5) · thetimestribune.com
- 2021-02-05 [Hispanic American–Owned Banks by State - Investopedia](https://news.google.com/rss/articles/CBMigAFBVV95cUxNekJYVXloWFZDb19oMGVOdmo5aFRBalRMbHktTk90UmRrY0c3a2hINVl1eFAzWURsV0RhX3Y2NDdJMVdvbmduUzNqa3REV0U5NXdRRF9CNVpvTC1QbTYwYUVBQm90N2VHbmhhQ2laRUh2RlEtSV9teWF1OTNvd2Q3Zw?oc=5) · Investopedia
- 2017-05-05 [First State Bank chief meets at White House - herald-dispatch.com](https://news.google.com/rss/articles/CBMizwFBVV95cUxPbzU0aDJwMmhkdWRmcm9vWHB0dldZVG41bVBmYXEwLVZZM3pUV1JEUnVCMk10TzItWjZJZVgxRF9pVzdaaE1NZmpZY3hreDEtcDIzOTdfU25WcmgyX043S3NGN0VQcVZveXN0X24zSGVoaUFLYVQ2dzRFdEdlTVJjRE14S3JmVXh0ZWgtVk5neWl1UC1FQUU2X3RxVXhkUk5IMVB2TjFuQ2lJXzZwSTFOSkxfVllhSWc2aU9ua1Ezb3o1UDZrTXY0aWxrR0EzSmM?oc=5) · herald-dispatch.com

## How to verify

- Page: https://getbookiq.com/bank-desk/#bank=58046 (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/62.json (key "58046", 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