# FAIRFAX STATE SAVINGS BANK
FAIRFAX, IA · FDIC certificate 8083 · asset band <$300M · latest filing 2026-06 · live

**Verdict on the desk:** this could be *run candidate*. Composite score 3 (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 | $287.0M | |
| Deposits | $229.5M | |
| Loans and leases | $158.2M | |
| Total equity | $19.0M | |
| Loans / deposits | 68.03% (p42 of band) | 73.59% |
| Liquid assets / assets | 40.96% (p64 of band) | |
| Uninsured deposits / deposits | 19.92% (p51 of band) | 19.81% |
| Brokered deposits | 2.98% | |
| Wholesale funding | 15.85% (p92 of band) | |
| FHLB advances / assets | 9.48% | |
| Tier 1 leverage | 9.46% (p17 of band) | 11.76% |
| Unrealized securities loss / equity | -50.13% (p6 of band) | -6.57% |
| AOCI / equity | -1.18% (p24 of band) | |
| ROA (annualized) | 0.73% (p27 of band) | 1.17% |
| Net interest margin | 2.68% (p7 of band) | 3.93% |
| Efficiency ratio | 67.79% (p55 of band) | |
| Noncurrent loans | 0.25% (p44 of band) | 0.36% |
| Net charge-offs (annualized) | -0.05% (p4 of band) | |
| Reserve coverage of noncurrent | 530.13% | |
| Real estate % of loans | 62% | |
| Construction % of loans | 32.80% (p66 of band) | |
| Auto loans | $1.8M (1.15% of loans; DQ 2.65%, NCO 0.00%) | |
| Loans to nondepository financials | $0 (0% of equity) (p48 of band) | |
| Deposits YoY | -0.1% | |
| Employees | 27 | |

## Flags firing in the latest filing

- **wholesale funding >15%** (`liq_wholesale`)
- **capital falling** (`cap_falling`)
- **securities losses >30% of equity** (`cap_secloss`)

## Warning timeline

| Quarter | Score | Flags that first fired | Flags that cleared |
|---|---|---|---|
| 2011-03 | 3 | losing money, charge-offs p90, reserve under noncurrent |  |
| 2011-06 | 2 |  | reserve under noncurrent |
| 2011-09 | 3 | reserve under noncurrent |  |
| 2011-12 | 3 |  |  |
| 2012-03 | 2 |  | losing money |
| 2012-06 | 0 |  | charge-offs p90, reserve under noncurrent |
| 2012-09 | 0 |  |  |
| 2012-12 | 0 |  |  |
| 2013-03 | 0 |  |  |
| 2013-06 | 0 |  |  |
| 2013-09 | 0 |  |  |
| 2013-12 | 0 |  |  |
| 2014-03 | 1 | deposits shrinking |  |
| 2014-06 | 0 |  | deposits shrinking |
| 2014-09 | 0 |  |  |
| 2014-12 | 2 | charge-offs p90, reserve under noncurrent |  |
| 2015-03 | 1 |  | charge-offs p90 |
| 2015-06 | 1 |  |  |
| 2015-09 | 2 | deposits shrinking |  |
| 2015-12 | 1 |  | deposits shrinking |
| 2016-03 | 0 |  | reserve under noncurrent |
| 2016-06 | 3 | deposits shrinking, assets shrinking, uninsured deposits leaving |  |
| 2016-09 | 0 |  | deposits shrinking, assets shrinking, uninsured deposits leaving |
| 2016-12 | 0 |  |  |
| 2017-03 | 1 | capital falling |  |
| 2017-06 | 1 |  |  |
| 2017-09 | 0 |  | capital falling |
| 2017-12 | 0 |  |  |
| 2018-03 | 0 |  |  |
| 2018-06 | 0 |  |  |
| 2018-09 | 0 |  |  |
| 2018-12 | 0 |  |  |
| 2019-03 | 1 | capital falling |  |
| 2019-06 | 1 |  |  |
| 2019-09 | 1 |  |  |
| 2019-12 | 1 |  |  |
| 2020-03 | 1 |  |  |
| 2020-06 | 1 |  |  |
| 2020-09 | 0 |  | capital falling |
| 2020-12 | 0 |  |  |
| 2021-03 | 2 | capital falling, NIM <2.5% |  |
| 2021-06 | 1 |  | NIM <2.5% |
| 2021-09 | 0 |  | capital falling |
| 2021-12 | 0 |  |  |
| 2022-03 | 3 | capital falling, AOCI drag >20% of equity, securities losses >30% of equity |  |
| 2022-06 | 3 |  |  |
| 2022-09 | 3 |  |  |
| 2022-12 | 5 | noncurrent p90, reserve under noncurrent |  |
| 2023-03 | 6 | NIM <2.5%, uninsured deposits leaving | AOCI drag >20% of equity |
| 2023-06 | 6 |  |  |
| 2023-09 | 7 | AOCI drag >20% of equity, deposits shrinking | capital falling |
| 2023-12 | 5 | wholesale funding >15% | noncurrent p90, reserve under noncurrent, AOCI drag >20% of equity |
| 2024-03 | 3 |  | uninsured deposits leaving, deposits shrinking |
| 2024-06 | 5 | noncurrent p90, reserve under noncurrent |  |
| 2024-09 | 3 | charge-offs p90 | wholesale funding >15%, noncurrent p90, reserve under noncurrent |
| 2024-12 | 2 |  | charge-offs p90 |
| 2025-03 | 2 | assets shrinking | NIM <2.5% |
| 2025-06 | 1 |  | assets shrinking |
| 2025-09 | 1 |  |  |
| 2025-12 | 1 |  |  |
| 2026-03 | 3 | capital falling, NIM <2.5% |  |
| 2026-06 | 3 | wholesale funding >15% | NIM <2.5% |

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

- 2024-10-04 [Fairfax State Savings Bank celebrates 100-year anniversary - Corridor Business Journal](https://news.google.com/rss/articles/CBMikgFBVV95cUxNUUszU0lHd2wxNEEtNXpRYW5GYmVXRzJ5X2JVY21DdEhpaEpHZTRGN3phdkJkUGJvWno5NjN1RGhpeXQwWmV1MGNCRGlMb05qM1RxMDBubVNMRVBVbzZrRnZTVWlpNkhibC01bEJlWnpBd0tkYm1XQk9fWXJBUWhXOG1CM2hiTnNUUmRsbktUMW4yQQ?oc=5) · Corridor Business Journal
- 2022-05-05 [Fairfax State Savings Bank installs tallest flagpole in Eastern Iowa - KGAN](https://news.google.com/rss/articles/CBMiogFBVV95cUxPejE3bW54eTkwMVE5RC1rcmdzWXdsaE1Vam0xeWxEN3FiM2lUSU5VUkN5RGpNNFN6VGMyTTZMZVFjUVVKa25MRzU4MUtCQnV0aUs2OWl4R09wZGw2NXBvQnJpWlRJcERWUXJXMWc0dGN5VW1DVC1ya0IyVmxwckYtU3NTdVlhTVlObnN0XzRpZmFJa21kMUJ1Sk1EWFZjNWRQd1E?oc=5) · KGAN
- 2023-07-19 [Bank in Our Town Fairfax preparing to celebrate 100 years in 2024 - kcrg.com](https://news.google.com/rss/articles/CBMikwFBVV95cUxQQmtRWEdsUE15Z1FDbTlEXzRzNzg0bUllRVBEQkcxRWxnOVZtSGhhdjJpeDZBOE9yWC1qRkZtc0l2ZHNlZUFoYWpfMnhZbkJybW4waVNSdWNHcVRTY09mU1ktbkwyNi1aZ1hvbFdMLTZieXpWM1dGTi12U291czMxTm5sU2hEQTR3dWpORkd2SGNwcTQ?oc=5) · kcrg.com
- 2022-11-05 [David C. Neuhaus Obituary Nov 5, 2022 - Teahen Funeral Home](https://news.google.com/rss/articles/CBMiZ0FVX3lxTFBKWmZhRlFFQnk3XzhwbEZiSlJrZHhYZjlsVERBYUNCcWk0QnFPZ0ZERGpKQTRwR3R3RDQ3ZWJOOGl1d0t4Z1UwWWNvNllDQ3F4ZThxQktZZzlubk1HbEI1OVNwcWxtc3c?oc=5) · Teahen Funeral Home
- 2021-11-29 [Mercy Foundation, Fairfax State Savings Bank join forces on Giving Tuesday - Corridor Business Journal](https://news.google.com/rss/articles/CBMipgFBVV95cUxNNWhzUklDams4WlNLVUcyVWVTR2hyS3JHNnBETWFrazdFR0h2RzRSa09ZRmp2Tmh1T3JpTnNkWHA5RUZVaF9QRG5MeFZuVUlHMWZaSk5VX0g2QzlJYTNlemEyRmlfVUhwNXBrU2Vib3p3Z0lmWTFHODRmbmFfX3JNUTI3YlFvU1NISC1UWndoTm54VU14MlRsZ0lMc2lZYkZncExFN3pB?oc=5) · Corridor Business Journal
- 2024-10-06 [See our favorite photos from the Amana Colonies' Oktoberfest Parade - Iowa City Press-Citizen](https://news.google.com/rss/articles/CBMi7gFBVV95cUxPbzZSSVgwTWVnbTR1ME9ja2cyc29mSjRZc0dMV2NFMWFUZ2Uyei1VcXFSVW80TGc3VUI5ZHNKNHZ6ZmxKc2g1TE9lbTZsR1Y2RUFVS1FNQURGNVQ3eFRzMFVMTUYzU2JRTHBlNGxic0p0ajBqMFFNR2p1VXR5Uzl2bWJrSWZzWjUxalk5T2pQLW1FeUFuanNIOF83UzRnX1R1NmxwbWhWbWhnUUttUXUzLWswM19kcGUxbGtXdi1YLUh6VHU2aVd1aVhyNnJFZENMNzRRaTFSRmVIZVNSS3FjaUwzeThVbG1YV3VqbktR?oc=5) · Iowa City Press-Citizen
- 2026-03-24 [Polly Boland Obituary (2026) - Cedar Rapids, IA - The Gazette - Legacy obituary](https://news.google.com/rss/articles/CBMijwFBVV95cUxNRE1vUEp3b2hfbDBLZkVlM2pDd0lyd0VUbzFQQ01mUUktLWx4eGxtazh6THhpMHN3cS1FS2ZUQ2g2bnh0WklJSVFBNDdGOHlKWWEwM1JFbmVuOVB1anBhUEZpa1lJcEdscTJyVkxMemJ0RTBvYVM0czBqQllvc3RQakFJWUd3d2pnMTVGVHJzYw?oc=5) · Legacy obituary
- 2016-04-04 [Amana bank to feature coffee house, German flair - Corridor Business Journal](https://news.google.com/rss/articles/CBMigwFBVV95cUxQVWlnV3JleUZqN3VOZDVYTjJ6Y3FLOFRMSW9RRDVHcVY5aWVpOFdqeHF0OTR0bk5OM1V2Qmg1R2hoYTdXNlV4WXE1NUhzUzYzOHFncFdqMnJ1aGhNdXFlWnllajh4TFRHM1NkNksxLXNaTWJycW82VHRaMHpaOXlFbktvTQ?oc=5) · Corridor Business Journal

## How to verify

- Page: https://getbookiq.com/bank-desk/#bank=8083 (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/19.json (key "8083", 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