# KANABEC STATE BANK
MORA, MN · FDIC certificate 8220 · asset band <$300M · latest filing 2014-06 · stopped filing (departed)

**Verdict on the desk:** this could be *credit-stressed*. Composite score 6 (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 | $138.1M | |
| Deposits | $123.9M | |
| Loans and leases | $43.7M | |
| Total equity | $13.8M | |
| Loans / deposits | 34.77% (p8 of band) | 70.22% |
| Liquid assets / assets | 63.92% (p91 of band) | |
| Uninsured deposits / deposits | 31.77% (p94 of band) | 12.36% |
| Brokered deposits | 1.86% | |
| Wholesale funding | 1.86% (p49 of band) | |
| FHLB advances / assets | 0.00% | |
| Tier 1 leverage | 9.59% (p35 of band) | 10.41% |
| Unrealized securities loss / equity | 2.17% (p77 of band) | 0.24% |
| AOCI / equity | 2.37% (p63 of band) | |
| ROA (annualized) | 0.26% (p17 of band) | 0.79% |
| Net interest margin | 2.40% (p6 of band) | 3.62% |
| Efficiency ratio | 90.19% (p83 of band) | |
| Noncurrent loans | 4.62% (p92 of band) | 0.88% |
| Net charge-offs (annualized) | 0.67% (p96 of band) | |
| Reserve coverage of noncurrent | 31.67% | |
| Real estate % of loans | 69% | |
| Construction % of loans | 4.68% (p28 of band) | |
| Auto loans | $2.5M (5.79% of loans; DQ 1.62%, NCO 0.02%) | |
| Loans to nondepository financials | $0 (0% of equity) (p48 of band) | |
| Deposits YoY | -6.4% | |
| Employees | 24 | |

## Flags firing in the latest filing

- **NIM <2.5%** (`earn_nim`)
- **noncurrent p90** (`aq_noncurrent`)
- **charge-offs p90** (`aq_nco`)
- **reserve under noncurrent** (`aq_reserve`)
- **deposits shrinking** (`shrink_deposits`)
- **assets shrinking** (`shrink_assets`)

## 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 | 2 | capital falling |  |
| 2012-03 | 1 |  | capital falling |
| 2012-06 | 1 |  |  |
| 2012-09 | 1 |  |  |
| 2012-12 | 2 | capital falling |  |
| 2013-03 | 2 | NIM <2.5% | capital falling |
| 2013-06 | 2 |  |  |
| 2013-09 | 3 | capital falling |  |
| 2013-12 | 2 |  | capital falling |
| 2014-03 | 2 |  |  |
| 2014-06 | 6 | noncurrent p90, charge-offs p90, deposits shrinking, assets shrinking |  |

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

- 2026-08-27 [Gary KLATT Obituary - The Press Democrat](https://news.google.com/rss/articles/CBMidEFVX3lxTFBsUjR1VEw1bzVTNm5KUkFkcjktM05vckg3dXVGSGFra0VGN2w3eDAtRVdpb2tqVm1NamVXS2pCMVlYVWZMTHZSQVBsMUVIRW1tcWRKTUVHMTNZYnJvaDJlVDJraFV4V2tydGktWDF2al9Wal9l?oc=5) · The Press Democrat
- 2023-04-21 [In Memory of John Ingebrand - Strike Life Tributes](https://news.google.com/rss/articles/CBMie0FVX3lxTE9VdzNvY3hTb2paVWlFSVctRWZCMU0yQUNtTEphZi03dWM5clk5THMtNjVQSHNTbFZ6c18tQmtLLUpiTGd1Vnd4WTBDdlpzZlpzamVobC1lSDhFSVdtTUVvNDdrdU9CejVnN1E2YUEzbFNwaEZPUkxFME5wTQ?oc=5) · Strike Life Tributes
- 2017-02-20 [John And Beverly Troth Obituary Feb 20, 2017 - Miller Funeral Home](https://news.google.com/rss/articles/CBMiZEFVX3lxTFA3UnVtUzBVaFhwMkxGQkFGUllFV2xiMDhndGlTOHNjQm5rVjdmY3dlSGoxaENSVkZKTFJlRzVvdU5nVEZ2M0lmd1V2Q3lwSDZicnhaNHktai1mUFlJczJFUWtzR3E?oc=5) · Miller Funeral Home
- 2011-05-20 [Boulder man, Mark Yost, sentenced to federal prison for fraud, false statements and money laundering - Department of Justice (.gov)](https://news.google.com/rss/articles/CBMiekFVX3lxTE5nRjZyZVl4T2l4RU5fdjlteGRad0dvUE96TnlDSWVmSjVKLXZxN1JZcVZjemdrZzZTMGtjOEkzT05QMDdPNkJzc3dZdnVpYU5nem1nd1E1ekk5SFJmaGdzLTZxR0ZpYm42MUlCVTFRUUJrR2wyV3V6UExn?oc=5) · Department of Justice (.gov)
- 2014-01-30 [Looking back at Zetterberg Co. - presspubs.com](https://news.google.com/rss/articles/CBMiugFBVV95cUxQUE5LcGJmQ2NWZzdrb3AyTmNiTFdfbm41b3paVncySVNES1pNMHMzRWlpVml0Nmsta29adVMwMmszeFBES2xCWWVvY2o1V1lCQUtBV29KMmh2d3B5ZzI3OWJ6eEtiOS16dXVCZVNtNzdfV242NzFoZDZfWjFmaWY1bUdmc2dnN0MxTUJnbDd6UGREUWUtVVF4NkRIbGl1NWtFVkEtd0VKdEhhY013TENZQjdyX2VwSy0xLUE?oc=5) · presspubs.com
- 2025-03-25 [Karolyn Pederson Obituary (2025) - Mora, MN - Hamilton Funeral Homes-Akkerman Chapel in Mora - legacy.com](https://news.google.com/rss/articles/CBMihgFBVV95cUxQT1c1cFVYakVldm1mc3B3cDdUc2M5WXZFT0ZCTl83UXV0WnUwX1dNYmw2Yk9Pa0d3bmQzUVk1WDdrMGhLRThHR0lZMnZOSXhrVlY5bkk4Yi0xMEdQZmRiQWJGVWtnRG42MVkzWWRLc2tGSVZaTG9FSy1FTEJ0WnFBV2dWX283UQ?oc=5) · legacy.com
- 2008-06-18 [Patricia I. Boggs - presspubs.com](https://news.google.com/rss/articles/CBMilwFBVV95cUxQQjZLS3ZvVDN2LUNDcUJvYlc1ZXFGNnl4SlV0WnlvVjIxcHRVRGR1Zmw3MF9ESDhvVi1nWEo5Q29SSXlPVWpWR3h2X0pmQnhzVkNISDR3R21xcWNSN0NRWW9FTjdrMlBfc1lESkVMMUF4SzRmR052LXAxTU1iRkxhdHJ1elBNVVl2TGhqeDkxajdGblc5NUhJ?oc=5) · presspubs.com
- 2023-11-06 [Milan A. Dewitt Obituary (2023) - Mora, MN - Hamilton Funeral Homes-Akkerman Chapel in Mora - legacy.com](https://news.google.com/rss/articles/CBMigAFBVV95cUxPUS1qeDdyZUFJalgtcW9IVXNZa2h5OGhtRHNTRjFwZnVWTlY2WlJqX0NCbTBmSkgtTFNDZG9PQ2R2UXZiamJ1Qkt4TktsZ3Y0N0VHYkVISjlOc3Q2cmo0ZWpkaE5JQXdYc2NlQ3J5a19PNThnUl9fc2xXdDY4Q1h1cQ?oc=5) · legacy.com

## How to verify

- Page: https://getbookiq.com/bank-desk/#bank=8220 (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/28.json (key "8220", 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