# STATE BANK OF FAIRMONT FAIRMONT, MN · FDIC certificate 8541 · asset band <$300M · latest filing 2026-06 · live **Verdict on the desk:** this could be *ordinary*. 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 | $154.2M | | | Deposits | $139.1M | | | Loans and leases | $106.2M | | | Total equity | $14.8M | | | Loans / deposits | 75.11% (p53 of band) | 73.59% | | Liquid assets / assets | 30.95% (p46 of band) | | | Uninsured deposits / deposits | 23.48% (p63 of band) | 19.81% | | Brokered deposits | 0.00% | | | Wholesale funding | 0.00% (p23 of band) | | | FHLB advances / assets | 0.00% | | | Tier 1 leverage | 10.40% (p30 of band) | 11.76% | | Unrealized securities loss / equity | -9.85% (p40 of band) | -6.57% | | AOCI / equity | -0.74% (p35 of band) | | | ROA (annualized) | 1.74% (p78 of band) | 1.17% | | Net interest margin | 3.88% (p48 of band) | 3.93% | | Efficiency ratio | 52.79% (p19 of band) | | | Noncurrent loans | 2.03% (p85 of band) | 0.36% | | Net charge-offs (annualized) | 0.19% (p92 of band) | | | Reserve coverage of noncurrent | 83.37% | | | Real estate % of loans | 46% | | | Construction % of loans | 6.43% (p32 of band) | | | Auto loans | $3.8M (3.62% of loans; DQ 0.78%, NCO 0.07%) | | | Loans to nondepository financials | $0 (0% of equity) (p48 of band) | | | Deposits YoY | 8.9% | | | Employees | 17 | | ## Flags firing in the latest filing - **charge-offs p90** (`aq_nco`) - **reserve under noncurrent** (`aq_reserve`) ## 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 | 0 | | reserve under noncurrent | | 2012-09 | 1 | capital falling | | | 2012-12 | 1 | reserve under noncurrent | capital falling | | 2013-03 | 1 | | | | 2013-06 | 1 | | | | 2013-09 | 1 | | | | 2013-12 | 1 | | | | 2014-03 | 0 | | reserve under noncurrent | | 2014-06 | 1 | reserve under noncurrent | | | 2014-09 | 1 | | | | 2014-12 | 1 | | | | 2015-03 | 0 | | reserve under noncurrent | | 2015-06 | 2 | charge-offs p90, reserve under noncurrent | | | 2015-09 | 2 | noncurrent p90 | charge-offs p90 | | 2015-12 | 2 | charge-offs p90 | noncurrent p90 | | 2016-03 | 2 | noncurrent p90 | charge-offs p90 | | 2016-06 | 2 | | | | 2016-09 | 2 | | | | 2016-12 | 2 | charge-offs p90 | noncurrent p90 | | 2017-03 | 0 | | reserve under noncurrent, charge-offs p90 | | 2017-06 | 1 | uninsured deposits leaving | | | 2017-09 | 0 | | uninsured deposits leaving | | 2017-12 | 1 | charge-offs p90 | | | 2018-03 | 1 | reserve under noncurrent | charge-offs p90 | | 2018-06 | 1 | charge-offs p90 | reserve under noncurrent | | 2018-09 | 1 | | | | 2018-12 | 1 | | | | 2019-03 | 1 | uninsured deposits leaving | charge-offs p90 | | 2019-06 | 1 | | | | 2019-09 | 1 | | | | 2019-12 | 0 | | uninsured deposits leaving | | 2020-03 | 2 | charge-offs p90, reserve under noncurrent | | | 2020-06 | 2 | | | | 2020-09 | 2 | noncurrent p90 | charge-offs p90 | | 2020-12 | 2 | | | | 2021-03 | 3 | capital falling | | | 2021-06 | 3 | | | | 2021-09 | 2 | | capital falling | | 2021-12 | 1 | | reserve under noncurrent | | 2022-03 | 1 | charge-offs p90 | noncurrent p90 | | 2022-06 | 1 | | | | 2022-09 | 2 | AOCI drag >20% of equity | | | 2022-12 | 2 | | | | 2023-03 | 2 | capital falling | AOCI drag >20% of equity | | 2023-06 | 0 | | charge-offs p90, capital falling | | 2023-09 | 0 | | | | 2023-12 | 0 | | | | 2024-03 | 1 | capital falling | | | 2024-06 | 0 | | capital falling | | 2024-09 | 0 | | | | 2024-12 | 0 | | | | 2025-03 | 0 | | | | 2025-06 | 0 | | | | 2025-09 | 0 | | | | 2025-12 | 0 | | | | 2026-03 | 0 | | | | 2026-06 | 2 | charge-offs p90, reserve under noncurrent | | ## In the news (Google News, unfiltered, newest first; check the city) - 2017-08-28 [Mark Hagedorn Obituary Aug 28, 2017 - David-Donehower Funeral & Cremation Service](https://news.google.com/rss/articles/CBMibkFVX3lxTE5FeGJTcnZuZmR1NWwyZlk3X01EUkRWbDFpbGw4WG02Y0wwRFNoemVqV2pzQ2JvVUNjOHM1MDJBN2Z4QVJqMzAzVl9QNVE1ZUVkaS13X184Z3pkLVBaVEd5T1UxbHNqTVRLNkRnSDNR?oc=5) · David-Donehower Funeral & Cremation Service - 2015-04-20 [Dennis Rademaker, 60 - faribaultcountyregister.com](https://news.google.com/rss/articles/CBMiigFBVV95cUxONURxeTNJRERFZkdqMFhxMVZhQl9BUXhwZDRVOVZJejhza3JmVUpWWDY0NVVMV0k5T0JaVUw1NlJsSnhQUVIwYUI1bktNc0FrR0c1OTJfR3VUa3VvUGVhWEJmNVlLQllkR2QyVTRVNmpwRE5VRjIyV2R6VXREd0d5alp0TjJPbHpyRGc?oc=5) · faribaultcountyregister.com - 2026-07-02 [Shirley Austin Moon - - Fairmont Sentinel](https://news.google.com/rss/articles/CBMigAFBVV95cUxPMmZKTHpiNEw3Y19PYjZ4STdMWGVUT2ZiVUVWaFJ6aEJpRHBzV0xJS1lLaUw1cHZ6MHVoQ1RmcXliSXFMMzd3QVlwTGt1Tk9vdXNHeERiMmNZS1QtSFotWlU5Ym5qQzFlTFo5bnNWeE1uejNIZHJ6Y2FLS0NZSHE1ag?oc=5) · Fairmont Sentinel - 2018-07-19 [Bloomquist Streaks to Jackson Motorplex Victory - St. Louis Racing](https://news.google.com/rss/articles/CBMiiAFBVV95cUxQaFhNcXMyNnlWQzBtbXZkZ004YmtsUndncUFzcTlYU2tFMzZYdFBZZnI4YUhmTTJXRlJtTEN2aXg1LXF4S25LRGs4SzI3amVodE1CQzhyZHpoUkJzQmlPNExLUkc4Y3lVcS1uZ0ppWmM1UDllVjVDYmp4RjUwQ2k2bkJQS0h0cDFV?oc=5) · St. Louis Racing ## How to verify - Page: https://getbookiq.com/bank-desk/#bank=8541 (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/29.json (key "8541", 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. --- Rendered 2026-09-10 from the desks' own data files. Full guide: https://getbookiq.com/guide