# FIRST STATE BANK OF FORSYTH
FORSYTH, MT · FDIC certificate 8317 · asset band <$300M · latest filing 2026-06 · live

**Verdict on the desk:** this could be *run candidate*. Composite score 1 (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 | $143.4M | |
| Loans and leases | $91.3M | |
| Total equity | $15.7M | |
| Loans / deposits | 62.26% (p33 of band) | 73.59% |
| Liquid assets / assets | 43.59% (p69 of band) | |
| Uninsured deposits / deposits | 26.96% (p74 of band) | 19.81% |
| Brokered deposits | 0.00% | |
| Wholesale funding | 3.64% (p67 of band) | |
| FHLB advances / assets | 0.00% | |
| Tier 1 leverage | 12.08% (p54 of band) | 11.76% |
| Unrealized securities loss / equity | -35.46% (p11 of band) | -6.57% |
| AOCI / equity | -2.04% (p12 of band) | |
| ROA (annualized) | 1.77% (p79 of band) | 1.17% |
| Net interest margin | 3.88% (p48 of band) | 3.93% |
| Efficiency ratio | 43.18% (p6 of band) | |
| Noncurrent loans | 1.69% (p81 of band) | 0.36% |
| Net charge-offs (annualized) | -0.12% (p2 of band) | |
| Reserve coverage of noncurrent | 132.16% | |
| Real estate % of loans | 60% | |
| Construction % of loans | 15.75% (p47 of band) | |
| Auto loans | $3.5M (3.86% of loans; DQ 2.90%, NCO 0.04%) | |
| Loans to nondepository financials | $0 (0% of equity) (p48 of band) | |
| Deposits YoY | 8.9% | |
| Employees | 19 | |

## Flags firing in the latest filing

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

## Warning timeline

| Quarter | Score | Flags that first fired | Flags that cleared |
|---|---|---|---|
| 2011-03 | 0 |  |  |
| 2011-06 | 0 |  |  |
| 2011-09 | 0 |  |  |
| 2011-12 | 1 | reserve under noncurrent |  |
| 2012-03 | 1 |  |  |
| 2012-06 | 2 | uninsured deposits leaving |  |
| 2012-09 | 1 |  | uninsured deposits leaving |
| 2012-12 | 2 | capital falling |  |
| 2013-03 | 1 |  | capital falling |
| 2013-06 | 0 |  | reserve under noncurrent |
| 2013-09 | 0 |  |  |
| 2013-12 | 0 |  |  |
| 2014-03 | 0 |  |  |
| 2014-06 | 1 | reserve under noncurrent |  |
| 2014-09 | 0 |  | reserve under noncurrent |
| 2014-12 | 0 |  |  |
| 2015-03 | 1 | capital falling |  |
| 2015-06 | 1 |  |  |
| 2015-09 | 0 |  | capital falling |
| 2015-12 | 0 |  |  |
| 2016-03 | 1 | reserve under noncurrent |  |
| 2016-06 | 2 | noncurrent p90 |  |
| 2016-09 | 2 |  |  |
| 2016-12 | 3 | deposits shrinking, assets shrinking | noncurrent p90 |
| 2017-03 | 2 | noncurrent p90 | deposits shrinking, assets shrinking |
| 2017-06 | 3 | assets shrinking |  |
| 2017-09 | 2 |  | assets shrinking |
| 2017-12 | 2 |  |  |
| 2018-03 | 2 |  |  |
| 2018-06 | 3 | deposits shrinking |  |
| 2018-09 | 2 |  | deposits shrinking |
| 2018-12 | 2 | deposits shrinking, assets shrinking | reserve under noncurrent, noncurrent p90 |
| 2019-03 | 4 | charge-offs p90, uninsured deposits leaving |  |
| 2019-06 | 3 | noncurrent p90, reserve under noncurrent | assets shrinking, charge-offs p90, uninsured deposits leaving |
| 2019-09 | 1 |  | noncurrent p90, reserve under noncurrent |
| 2019-12 | 3 | capital falling, noncurrent p90, reserve under noncurrent | deposits shrinking |
| 2020-03 | 2 |  | capital falling |
| 2020-06 | 1 |  | noncurrent p90 |
| 2020-09 | 2 | capital falling, charge-offs p90 | reserve under noncurrent |
| 2020-12 | 2 |  |  |
| 2021-03 | 1 |  | charge-offs p90 |
| 2021-06 | 0 |  | capital falling |
| 2021-09 | 0 |  |  |
| 2021-12 | 0 |  |  |
| 2022-03 | 3 | AOCI drag >20% of equity, noncurrent p90, reserve under noncurrent |  |
| 2022-06 | 5 | securities losses >30% of equity, charge-offs p90 |  |
| 2022-09 | 3 |  | noncurrent p90, reserve under noncurrent |
| 2022-12 | 3 |  |  |
| 2023-03 | 3 | noncurrent p90, deposits shrinking | AOCI drag >20% of equity, charge-offs p90 |
| 2023-06 | 3 | wholesale funding >15% | noncurrent p90 |
| 2023-09 | 2 |  | deposits shrinking |
| 2023-12 | 1 |  | wholesale funding >15% |
| 2024-03 | 1 |  |  |
| 2024-06 | 3 | noncurrent p90, reserve under noncurrent |  |
| 2024-09 | 3 |  |  |
| 2024-12 | 4 | capital falling |  |
| 2025-03 | 1 |  | noncurrent p90, reserve under noncurrent, capital falling |
| 2025-06 | 1 |  |  |
| 2025-09 | 1 |  |  |
| 2025-12 | 1 |  |  |
| 2026-03 | 3 | noncurrent p90, reserve under noncurrent |  |
| 2026-06 | 1 |  | noncurrent p90, reserve under noncurrent |

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

- 2023-02-08 [Edna Fischer Obituary (2023) - Miles City, MT - Stevenson & Sons Funeral Home - Miles City - Legacy obituary](https://news.google.com/rss/articles/CBMigAFBVV95cUxQaEFoQ1oySXJlaHBiYUx1aGg3YzEwVTRvU3d0dER0UlpJc3hqSWtXYU1GbERUeF85czBjSlNrNkR1b25zMUxBcnJOb1BJZjJtRTVYbHN1WGpma2h0MERNOFQ3ZEx4QXFhbFlCdWhqSC13QjlySDcxdnJoalRPRWloMw?oc=5) · Legacy obituary
- 2020-06-01 [Nola Goodman Obituary - Watertown Public Opinion](https://news.google.com/rss/articles/CBMimgFBVV95cUxQdThKSXFzeGRhWFI1YVgxRjdTdWVKOEp4cDMzY2drSVRXeVlENE1ScWZQWXZ6aEl6czRxc19kYWs1MlkxS3U1OEVnQmdETXRIZ3F6dWVuTURYSUtKb2c0X2hjR2JFMmhvQjBxZ3NoekFpOU1FbmVBQmNEOF9IbF9fT3V4R2JhbldsMnJQS0RwNnpNbnprWXJFaVJR?oc=5) · Watertown Public Opinion

## How to verify

- Page: https://getbookiq.com/bank-desk/#bank=8317 (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/61.json (key "8317", 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