# FREEPORT STATE BANK
FREEPORT, MN · FDIC certificate 8210 · asset band <$300M · latest filing 2026-06 · live

**Verdict on the desk:** this could be *fortress*. Composite score 0 (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 | $165.5M | |
| Deposits | $147.9M | |
| Loans and leases | $114.4M | |
| Total equity | $16.9M | |
| Loans / deposits | 76.64% (p56 of band) | 73.59% |
| Liquid assets / assets | 28.95% (p41 of band) | |
| Uninsured deposits / deposits | 15.24% (p32 of band) | 19.81% |
| Brokered deposits | 0.30% | |
| Wholesale funding | 0.30% (p49 of band) | |
| FHLB advances / assets | 0.00% | |
| Tier 1 leverage | 10.69% (p35 of band) | 11.76% |
| Unrealized securities loss / equity | -15.69% (p29 of band) | -6.57% |
| AOCI / equity | 0.04% (p87 of band) | |
| ROA (annualized) | 1.11% (p47 of band) | 1.17% |
| Net interest margin | 4.40% (p72 of band) | 3.93% |
| Efficiency ratio | 64.44% (p46 of band) | |
| Noncurrent loans | 0.00% (p24 of band) | 0.36% |
| Net charge-offs (annualized) | 0.00% (p18 of band) | |
| Reserve coverage of noncurrent | 97700.00% | |
| Real estate % of loans | 64% | |
| Construction % of loans | 17.80% (p50 of band) | |
| Auto loans | $1.1M (0.98% of loans; DQ 0.00%, NCO 0.00%) | |
| Loans to nondepository financials | $0 (0% of equity) (p48 of band) | |
| Deposits YoY | -2.6% | |
| Employees | 22 | |

## Flags firing in the latest filing

- none

## 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 | 1 | uninsured deposits leaving | reserve under noncurrent |
| 2012-09 | 0 |  | uninsured deposits leaving |
| 2012-12 | 0 |  |  |
| 2013-03 | 0 |  |  |
| 2013-06 | 2 | capital falling, reserve under noncurrent |  |
| 2013-09 | 0 |  | capital falling, reserve under noncurrent |
| 2013-12 | 0 |  |  |
| 2014-03 | 0 |  |  |
| 2014-06 | 1 | reserve under noncurrent |  |
| 2014-09 | 1 |  |  |
| 2014-12 | 1 |  |  |
| 2015-03 | 2 | capital falling |  |
| 2015-06 | 0 |  | reserve under noncurrent, capital falling |
| 2015-09 | 0 |  |  |
| 2015-12 | 0 |  |  |
| 2016-03 | 0 |  |  |
| 2016-06 | 0 |  |  |
| 2016-09 | 0 |  |  |
| 2016-12 | 1 | capital falling |  |
| 2017-03 | 1 |  |  |
| 2017-06 | 1 | reserve under noncurrent | capital falling |
| 2017-09 | 0 |  | reserve under noncurrent |
| 2017-12 | 0 |  |  |
| 2018-03 | 1 | capital falling |  |
| 2018-06 | 0 |  | capital falling |
| 2018-09 | 0 |  |  |
| 2018-12 | 0 |  |  |
| 2019-03 | 1 | reserve under noncurrent |  |
| 2019-06 | 1 |  |  |
| 2019-09 | 0 |  | reserve under noncurrent |
| 2019-12 | 1 | reserve under noncurrent |  |
| 2020-03 | 2 | charge-offs p90 |  |
| 2020-06 | 2 | capital falling | reserve under noncurrent |
| 2020-09 | 2 |  |  |
| 2020-12 | 2 |  |  |
| 2021-03 | 2 |  |  |
| 2021-06 | 0 |  | charge-offs p90, capital falling |
| 2021-09 | 0 |  |  |
| 2021-12 | 0 |  |  |
| 2022-03 | 1 | capital falling |  |
| 2022-06 | 1 | securities losses >30% of equity | capital falling |
| 2022-09 | 1 |  |  |
| 2022-12 | 1 |  |  |
| 2023-03 | 1 |  |  |
| 2023-06 | 2 | deposits shrinking |  |
| 2023-09 | 1 |  | deposits shrinking |
| 2023-12 | 2 | capital falling |  |
| 2024-03 | 2 |  |  |
| 2024-06 | 1 |  | capital falling |
| 2024-09 | 0 |  | securities losses >30% of equity |
| 2024-12 | 1 | securities losses >30% of equity |  |
| 2025-03 | 0 |  | securities losses >30% of equity |
| 2025-06 | 0 |  |  |
| 2025-09 | 0 |  |  |
| 2025-12 | 0 |  |  |
| 2026-03 | 1 | uninsured deposits leaving |  |
| 2026-06 | 0 |  | uninsured deposits leaving |

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

- 2019-05-29 [Blake Hemker Obituary May 29, 2019 - Patton-Schad Funeral Home](https://news.google.com/rss/articles/CBMiYEFVX3lxTE5BM0ZaUWI5ZDBXN3FDcURNNDRDS0dEUjdOMEtVVVNqQ0MxLWhMTXVlNWdrUTJpWFBsSjNjSGZ0VjBtNWpPalhxdnRVdTBaSXQyaVpwTTZHLVBCb2lsUFlzaw?oc=5) · Patton-Schad Funeral Home
- 2026-07-17 [On April Fools Day 1980, A Bank Robber In Greenwald Was Stopped By Local Residents - WJON](https://news.google.com/rss/articles/CBMiZ0FVX3lxTE0yS0ZvekNSTW5faWJsT01mODhYYnFSU2RoenlJdElUV2dRTEZZOXpCZWJvaWlvRE5JaHVxemhSRFkzQmpkblZFdUVVcGtvSkxHR2M3RnhwX0ttQTcwZ05ncUtLb09ndlE?oc=5) · WJON
- 2018-09-02 [Arnold Hoeschen Obituary Sep 2, 2018 - Patton-Schad Funeral Home](https://news.google.com/rss/articles/CBMiZEFVX3lxTE9jS0p1NENWQkJaZjNuT0dNSUwwZDNBN2FJUXFvSHFuSVl4cHZFU0RvWlk1Tk5Na3YtMGMwNUYydGx2UGJYbXZ6Qmt2bFIzdDBWNnpmajZMTWZHLWVqQTBiWmZaT20?oc=5) · Patton-Schad Funeral Home
- 2014-07-16 [Creepy, kooky and on stage: ‘Addams Family’ play coming to Melrose - St. Cloud Times](https://news.google.com/rss/articles/CBMivwFBVV95cUxPNmVvOFRpMUpGbzRWbmpBUk1IbE9QLU5zaXhPcXFIWlpoanVJanllMlU0bW1ORjloVE5BYVRFd3BaVEdvOEJBXzlGMjFPVkFXQlF5a1Q5N1QwWkV4UDBEN052LUNONG1sMGxkUTNxUGdoZFJIbUZET2tEN1VMbkh1YUtRcW5VSEJRQnVwU0ZFaDBnaDdrYVNZUS16bXB5VnJiM3dSN0gtRjJNVTZtb3ktNldTV1d2c2NPdGVDRXNkSQ?oc=5) · St. Cloud Times
- 2014-05-08 [Finken Water Cos. moves to St. Joseph - The Newsleaders](https://news.google.com/rss/articles/CBMicEFVX3lxTE50R21TX0ZtTEtkcEtEeXF3UWtIQmpPWkNMUWt6WnpDbnJmVUlPaHY2bTBnajNiejYyMUxPT0I0U0lpQ3NLcFFEWDNLMFRobmw4SWVldkp2SDVyaWhVX1dnendvWHUzRVdtSll2WndHYUY?oc=5) · The Newsleaders
- 2022-12-23 [Kyle W. C. Weisbrich - Legacy obituary](https://news.google.com/rss/articles/CBMilAFBVV95cUxNZ1VIUDMzdFY0U1ZHTFRyaGtVNWlZMFBZTFpGTnFRM3BiQkdUamhtYzE0SGNScUNZaDVhTjVxcHQwbzhWdFA4VHlOY1JsZHZzOFVDTXlQR09CZmdTOE1wSU9aaUVuSDk1eklHcFEzeWNEb2g1VEt3engtemtGaC1tUlg4aF84Q2lYZFhFOEwzWWhQdUlU?oc=5) · Legacy obituary
- 2023-05-23 [Rita Hiltner Obituary May 23, 2023 - Patton-Schad Funeral Home](https://news.google.com/rss/articles/CBMiYEFVX3lxTE4yNDk2MTM5MXlNdmdDVHdnaS1oelR4b0xpaWlNZnJscVBNNXEwaDF5a0pGcUhnS3puMkt1RzhkeW9CdEtOM2p1eGVlX1VzaTY3bzk4WjYxYzZnR0VZc2pGdg?oc=5) · Patton-Schad Funeral Home
- 2021-10-16 [George O'Brien Obituary (1933 - 2011) - Melrose, MN - St. Cloud Times - Legacy obituary](https://news.google.com/rss/articles/CBMijgFBVV95cUxOc0NaSE5iWjJtWW9yNzREZGJ3RDg3Rk1CQmxsUW83SG9pOF9McnVrcFFERzdJWkptM2tPYTE4SGFCVzhlQ1ZWV2g4YXhKVkZ2NVo5cHVrMVNRSmdvN2VaY1hTX1oxOHRMYTctOVlMelJqUy0zYUpiV2J1N0VqN18wckNtb21kSnpOZWp5ZGZ3?oc=5) · Legacy obituary

## How to verify

- Page: https://getbookiq.com/bank-desk/#bank=8210 (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/18.json (key "8210", 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