# FARMERS STATE BANK
BOONEVILLE, KY · FDIC certificate 5838 · asset band <$300M · latest filing 2026-06 · live

**Verdict on the desk:** this could be *run candidate*. 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 | $69.3M | |
| Deposits | $62.5M | |
| Loans and leases | $28.6M | |
| Total equity | $5.3M | |
| Loans / deposits | 44.81% (p15 of band) | 73.59% |
| Liquid assets / assets | 56.74% (p85 of band) | |
| Uninsured deposits / deposits | 24.10% (p65 of band) | 19.81% |
| Brokered deposits | 0.00% | |
| Wholesale funding | 1.13% (p54 of band) | |
| FHLB advances / assets | 0.00% | |
| Tier 1 leverage | 10.71% (p35 of band) | 11.76% |
| Unrealized securities loss / equity | -45.49% (p7 of band) | -6.57% |
| AOCI / equity | -0.96% (p29 of band) | |
| ROA (annualized) | 1.13% (p48 of band) | 1.17% |
| Net interest margin | 4.22% (p65 of band) | 3.93% |
| Efficiency ratio | 72.06% (p65 of band) | |
| Noncurrent loans | 1.07% (p72 of band) | 0.36% |
| Net charge-offs (annualized) | 0.10% (p87 of band) | |
| Reserve coverage of noncurrent | 181.70% | |
| Real estate % of loans | 72% | |
| Construction % of loans | 57.96% (p83 of band) | |
| Auto loans | $1.4M (4.89% of loans; DQ 9.31%, NCO -0.01%) | |
| Loans to nondepository financials | $0 (0% of equity) (p48 of band) | |
| Deposits YoY | 10.5% | |
| Employees | 18 | |

## Flags firing in the latest filing

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

## Warning timeline

| Quarter | Score | Flags that first fired | Flags that cleared |
|---|---|---|---|
| 2011-03 | 0 |  |  |
| 2011-06 | 1 | reserve under noncurrent |  |
| 2011-09 | 1 |  |  |
| 2011-12 | 1 |  |  |
| 2012-03 | 0 |  | reserve under noncurrent |
| 2012-06 | 1 | uninsured deposits leaving |  |
| 2012-09 | 1 | reserve under noncurrent | uninsured deposits leaving |
| 2012-12 | 1 |  |  |
| 2013-03 | 1 |  |  |
| 2013-06 | 2 | uninsured deposits leaving |  |
| 2013-09 | 2 |  |  |
| 2013-12 | 4 | deposits shrinking, assets shrinking |  |
| 2014-03 | 2 |  | reserve under noncurrent, deposits shrinking |
| 2014-06 | 0 |  | uninsured deposits leaving, assets shrinking |
| 2014-09 | 2 | noncurrent p90, reserve under noncurrent |  |
| 2014-12 | 2 |  |  |
| 2015-03 | 0 |  | noncurrent p90, reserve under noncurrent |
| 2015-06 | 1 | charge-offs p90 |  |
| 2015-09 | 1 |  |  |
| 2015-12 | 1 | assets shrinking | charge-offs p90 |
| 2016-03 | 2 | charge-offs p90, deposits shrinking | assets shrinking |
| 2016-06 | 0 |  | charge-offs p90, deposits shrinking |
| 2016-09 | 3 | capital falling, charge-offs p90, uninsured deposits leaving |  |
| 2016-12 | 0 |  | capital falling, charge-offs p90, uninsured deposits leaving |
| 2017-03 | 0 |  |  |
| 2017-06 | 0 |  |  |
| 2017-09 | 1 | capital falling |  |
| 2017-12 | 0 |  | capital falling |
| 2018-03 | 0 |  |  |
| 2018-06 | 0 |  |  |
| 2018-09 | 0 |  |  |
| 2018-12 | 0 |  |  |
| 2019-03 | 0 |  |  |
| 2019-06 | 0 |  |  |
| 2019-09 | 2 | deposits shrinking, uninsured deposits leaving |  |
| 2019-12 | 1 |  | deposits shrinking |
| 2020-03 | 0 |  | uninsured deposits leaving |
| 2020-06 | 1 | capital falling |  |
| 2020-09 | 1 |  |  |
| 2020-12 | 1 |  |  |
| 2021-03 | 1 |  |  |
| 2021-06 | 1 |  |  |
| 2021-09 | 1 |  |  |
| 2021-12 | 0 |  | capital falling |
| 2022-03 | 2 | AOCI drag >20% of equity, charge-offs p90 |  |
| 2022-06 | 3 | capital falling, securities losses >30% of equity | charge-offs p90 |
| 2022-09 | 3 | assets shrinking | capital falling |
| 2022-12 | 3 |  |  |
| 2023-03 | 1 |  | AOCI drag >20% of equity, assets shrinking |
| 2023-06 | 3 | noncurrent p90, reserve under noncurrent |  |
| 2023-09 | 5 | AOCI drag >20% of equity, construction >100% equity |  |
| 2023-12 | 3 |  | AOCI drag >20% of equity, construction >100% equity |
| 2024-03 | 3 |  |  |
| 2024-06 | 3 |  |  |
| 2024-09 | 4 | deposits shrinking |  |
| 2024-12 | 3 |  | deposits shrinking |
| 2025-03 | 2 |  | noncurrent p90 |
| 2025-06 | 3 | capital falling |  |
| 2025-09 | 2 |  | reserve under noncurrent |
| 2025-12 | 2 |  |  |
| 2026-03 | 3 | charge-offs p90 |  |
| 2026-06 | 2 |  | charge-offs p90 |

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

- 2023-06-20 [Forbes 2026 America's Best Banks In Each State List - Forbes](https://news.google.com/rss/articles/CBMiXkFVX3lxTE4xcm9keG1VQVdlREh4RG0tMFA2NktMQ1M4SjBicWxRTkJ3a0lOQTVqSXA0d1FkZ0RPOXQxWjFXYzg5SWhNNTBTU0Rqa0Vuekp2TzR5WnhXLTBwel9MdWc?oc=5) · Forbes
- 2022-02-22 [Farmers State Bank donates to Pikeland schools - Jacksonville Journal-Courier](https://news.google.com/rss/articles/CBMiqAFBVV95cUxPaE5UVmwtczhjZENYeG5LQm41eEJpWnRMek82Y2F0NjQ2ZEpiRklLdzJwM2MtZzhyUXFCWUNjTEtpMi1aaHhoQ3Q1bnY4YWVzYzBMZHlRVzk4bWhEX3VBZ1U2Y2F6NXN1SGdoaFpuWFM1bXA5TnZBV2FzUWNnUEhjV3kxM0JMWFQyWkVMM25GYW1hSmFzX3pka2NTZVBQM1Y1TEtCalZwVXE?oc=5) · Jacksonville Journal-Courier
- 2025-07-11 [Ohio bank to acquire in-state peer in $70.4M deal - Banking Dive](https://news.google.com/rss/articles/CBMiywFBVV95cUxNNUVKZlctdE96enlhSERhX0d2ajY1UU83LVZTR3QzeGxVUVNJNDMyaERFak92WDlWQmREMThVNkxfNElqN250SmhMZGN6d2VaNzk4ZWYzZ0EySzcwTG8weDFrSnZVNWVLUWtEVU1xVUZJRTdJWmtBUElBaGF0dWNZUHFGUmFGR19yX3dCRXhCSDBtVHdqMzN4SXZjTktpYXBVc1FMZmY5OG83dnRJOERMZVNweHJuM0JjSGFLQjhvYnVJM3kzNF9RVHROTQ?oc=5) · Banking Dive
- 2017-08-17 [Heartland Data Breach Update: Thousands of Institutions Impacted - BankInfoSecurity](https://news.google.com/rss/articles/CBMiogFBVV95cUxNWVEyRWhPeVlpYXZaX19sN1VhVk5zZ1RJb2xUMlNFUmhWdnU2c1NxVXRJcVBxYTJXM0ptVjFreVRaQjJQNkdoQmFKWmQxU3ZNMU5ROGRsbVVreFdIeUhHMmEwSjdnaHVoaDd3ZmhWQmdDX1huU3UyeFlYakxsMW1DTEJEMmVsR3BLelpjd0xENjB1eFBqOXFFcFdtc1lqVE44YlE?oc=5) · BankInfoSecurity
- 2025-10-07 [Regional Banks, CUs: 3 Proven Strategies to Drive Growth - Resourceful Finance Pro](https://news.google.com/rss/articles/CBMifEFVX3lxTFAxR0V1c1lIRy1GXzQtSGNTNk9EM3N6NjM2M3FzT0p2b2hTUDc2aEw2NVR2Z0lUaDBUYXRTckJsanRGWXdsenQ1SnU3SEw3bldSSWhEcmNqLWdMMVNIM3R1Sks5a2FoZy0xTkpoUkVOaVJISDFDd01PR3IzM3I?oc=5) · Resourceful Finance Pro
- 2021-09-22 [Google Pay growth continues to explode, with dozens upon dozens of new banks signing on - androidpolice.com](https://news.google.com/rss/articles/CBMijAFBVV95cUxQRjVBSkRYUnhSaHFFUTJvZGt2X0R0RnZtcWp6MUUtQjR3R3RXNmc1Umo4Q3NaV0VKVVpsYTRCSVkzb0dfdmhWS05ZWnpQYWh6d3gzc0VVVzBCYXM0MnBCbG9kekdMdnBfZk9selhhTkhDV2pCMGxUNXVlNG5wMmpodURVQWxjanVxT0VhYQ?oc=5) · androidpolice.com
- 2016-01-29 [Margaret Campbell Obituary Jan 29, 2016 - Walker Funeral Home, LLC](https://news.google.com/rss/articles/CBMiZ0FVX3lxTE0xbjBIc3VwOEN4WHFnYjB6RThVOXB1UDg0dGtLaThYWDhabmlOTXViQkpBUEsxcFcyREs0SlZmcEpVNmh6Y1hnR0dvRkVJR3VEaFp1QUd3Q041N1BpWmhnOTJfRUpqaWM?oc=5) · Walker Funeral Home, LLC
- 2015-05-28 [Alma Beasley Obituary - College Corner, OH - Dignity Memorial](https://news.google.com/rss/articles/CBMiiAFBVV95cUxNX3hKbG5vcXBvLTVJWTJfQkpiNEdqb1RMOHA0ZzBjV1BGRVowQTVxNWUzMjZ1eE5hcnBsY1Q2Wks0Q3RPanlGUWpRNXNoSUJUQjBFM3ZkVElBQTJlWUVmTGllYUhqVk14dlh0YXdENHREcFdmZ0MtN21mcV9SdlNkZERlVUVKX004?oc=5) · Dignity Memorial

## How to verify

- Page: https://getbookiq.com/bank-desk/#bank=5838 (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/14.json (key "5838", 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