# STATE BANK OF RICHMOND
RICHMOND, MN · FDIC certificate 8542 · asset band <$300M · latest filing 2018-03 · stopped filing (departed)

**Verdict on the desk:** this could be *ordinary*. 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 | $92.2M | |
| Deposits | $81.3M | |
| Loans and leases | $61.0M | |
| Total equity | $10.4M | |
| Loans / deposits | 73.87% (p48 of band) | 75.02% |
| Liquid assets / assets | 33.27% (p55 of band) | |
| Uninsured deposits / deposits | 8.88% (p21 of band) | 15.14% |
| Brokered deposits | 3.85% | |
| Wholesale funding | 3.85% (p63 of band) | |
| FHLB advances / assets | 0.00% | |
| Tier 1 leverage | 11.40% (p56 of band) | 11.04% |
| Unrealized securities loss / equity | -2.29% (p49 of band) | -2.21% |
| AOCI / equity | -1.45% (p43 of band) | |
| ROA (annualized) | 0.85% (p43 of band) | 0.95% |
| Net interest margin | 3.35% (p28 of band) | 3.73% |
| Efficiency ratio | 62.61% (p29 of band) | |
| Noncurrent loans | 0.00% (p8 of band) | 0.60% |
| Net charge-offs (annualized) | 0.00% (p46 of band) | |
| Reserve coverage of noncurrent | – | |
| Real estate % of loans | 86% | |
| Construction % of loans | 35.48% (p69 of band) | |
| Auto loans | $519,000 (0.85% of loans; DQ 0.00%, NCO 0.00%) | |
| Loans to nondepository financials | $0 (0% of equity) (p48 of band) | |
| Deposits YoY | -1.4% | |
| Employees | 16 | |

## Flags firing in the latest filing

- **uninsured deposits leaving** (`flight_uninsured`)

## Warning timeline

| Quarter | Score | Flags that first fired | Flags that cleared |
|---|---|---|---|
| 2011-03 | 0 |  |  |
| 2011-06 | 0 |  |  |
| 2011-09 | 0 |  |  |
| 2011-12 | 0 |  |  |
| 2012-03 | 1 | uninsured deposits leaving |  |
| 2012-06 | 0 |  | uninsured deposits leaving |
| 2012-09 | 0 |  |  |
| 2012-12 | 2 | capital falling, reserve under noncurrent |  |
| 2013-03 | 2 | NIM <2.5% | capital falling |
| 2013-06 | 2 |  |  |
| 2013-09 | 3 | capital falling |  |
| 2013-12 | 3 |  |  |
| 2014-03 | 0 |  | reserve under noncurrent, NIM <2.5%, capital falling |
| 2014-06 | 0 |  |  |
| 2014-09 | 0 |  |  |
| 2014-12 | 0 |  |  |
| 2015-03 | 0 |  |  |
| 2015-06 | 0 |  |  |
| 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 | 0 |  | capital falling |
| 2017-09 | 0 |  |  |
| 2017-12 | 1 | uninsured deposits leaving |  |
| 2018-03 | 1 |  |  |

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

- 2018-06-09 [Falcon National Bank turns 3 banks it owns in Richmond, Isanti, Ham Lake into Falcon brand - St. Cloud Times](https://news.google.com/rss/articles/CBMivAFBVV95cUxPTk5oTndjOXE4THlDRC1lRThfeU9UQ1M2eDFFMkpWWDl0YkNnSEZWWTdxcHdONkZtNXVNTVpTRU11bU9NVmN0a3JhWmFRU2Nha0dObUt4WHVPU2xZUmJxdGQyaDdLTU9lSEhrWTNfRkEtQkZkdnR3ZmcybW5NYXgtUldvY0tHQW9KMUR2SzdvbUVLVklNU2M4SnlWUHZ5MUxXN1FwXzl5Rm1uNkNqSmxjcXJ4MUV3WkN3WXZFUQ?oc=5) · St. Cloud Times
- 2022-04-19 [The State Bank honored with Missouri 4-H volunteer leadership award - morningagclips.com](https://news.google.com/rss/articles/CBMioAFBVV95cUxQZ2lGM3hnWTFycjVjV1hyeFlIQkZyWTUybEgyWWw1SGwtd2dsLUExZmc1ckV1LVR5LWZMZ3haMDBPb1BNd1c5eXM1U2xpVXZuZ0lpTTk5YlNXYVJ4LTdGZElGYTBFZnBObmg4QkNXU2ZUUDI4YW5CQlVSRmhXZ09EZjJDYW01eDZMZ2xKb0VyMGRKUEVTYUZ6RkdxTjJRNFZ4?oc=5) · morningagclips.com
- 2018-12-01 [James "Jim" Ervin Bruner - View Obituary & Service Information - Wenner Funeral Home](https://news.google.com/rss/articles/CBMib0FVX3lxTE9PTjN4aFRiSkdRaUtUdjFlSk12M0dlOUhwZG1KVURMeXN0Z2IxanFRd0EwcXA1R3dYN3NjdnhSdlZfa2gxeVNvbG5DOEU3MXdkUFZvYndJUXFncjI5enRIMWZ6Ry1tUnJfNndxY1VVUQ?oc=5) · Wenner Funeral Home
- 2018-02-20 [Eugene Braegelmann Obituary (1933 - 2018) - Cold Spring, MN - St. Cloud Times - legacy.com](https://news.google.com/rss/articles/CBMikwFBVV95cUxPSnp5VFRxT1E1SW5BRnRuZkFhRVFsTlNOOFVOMDlWbVhHU2V6NHFmdTVkUk9KM01wLTNjQVNYclRSVHlqYWU5OVJjSFVnbkwyWld5Z3hpVzlyLVd3VVI4UjRBVHpIT3ZKTW1uZXhXOFFWLUZtVmctckdHNlZuWG9tUGluZTJSelFFV2VSTzQ1SnRkSkE?oc=5) · legacy.com
- 2016-04-17 [Jake Foehrenbacher Obituary (1999 - 2016) - St. Nicholas, MN - St. Cloud Times - legacy.com](https://news.google.com/rss/articles/CBMikwFBVV95cUxNNjFURXhtc1pWbTZoNXh3aHk4SmlJa1pLT0xlLVBkbkc5YTJMMm9adUY4eE9jbTlIQzZyS01KS1ZNQkxudWUzTWQ0NWhOUzlZelM5c09vRlllWkpDNjN5YnlBUFR4YlFSSzVFMXZ5bW1udDFVVEV2QnExTl9NUVdMdmRXX1ZWdkpaR2JZcjE0VlFSaGc?oc=5) · legacy.com

## How to verify

- Page: https://getbookiq.com/bank-desk/#bank=8542 (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/30.json (key "8542", 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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