# FIRST STATE BANK
SHELTON, NE · FDIC certificate 8600 · asset band <$300M · latest filing 2011-09 · stopped filing (departed)

**Verdict on the desk:** this could be *credit-stressed*. 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 | $29.9M | |
| Deposits | $26.7M | |
| Loans and leases | $16.5M | |
| Total equity | $3.1M | |
| Loans / deposits | 59.26% (p27 of band) | 71.39% |
| Liquid assets / assets | 44.88% (p73 of band) | |
| Uninsured deposits / deposits | 5.01% (p31 of band) | 8.02% |
| Brokered deposits | 0.00% | |
| Wholesale funding | 0.00% (p16 of band) | |
| FHLB advances / assets | 0.00% | |
| Tier 1 leverage | 10.17% (p53 of band) | 9.99% |
| Unrealized securities loss / equity | 0.35% (p18 of band) | 3.72% |
| AOCI / equity | -0.93% (p2 of band) | |
| ROA (annualized) | 0.34% (p28 of band) | 0.72% |
| Net interest margin | 3.55% (p32 of band) | 3.86% |
| Efficiency ratio | 96.34% (p88 of band) | |
| Noncurrent loans | 7.85% (p93 of band) | 1.48% |
| Net charge-offs (annualized) | -0.39% (p0 of band) | |
| Reserve coverage of noncurrent | 53.24% | |
| Real estate % of loans | 54% | |
| Construction % of loans | 0.00% (p7 of band) | |
| Auto loans | $781,000 (4.73% of loans; DQ 0.00%, NCO 0.00%) | |
| Loans to nondepository financials | $0 (0% of equity) (p48 of band) | |
| Deposits YoY | – | |
| Employees | 9 | |

## Flags firing in the latest filing

- **noncurrent p90** (`aq_noncurrent`)
- **reserve under noncurrent** (`aq_reserve`)

## Warning timeline

| Quarter | Score | Flags that first fired | Flags that cleared |
|---|---|---|---|
| 2011-03 | 2 | noncurrent p90, reserve under noncurrent |  |
| 2011-06 | 2 |  |  |
| 2011-09 | 2 |  |  |

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

- 2026-08-27 [First State Bank Breaks Ground on New Building - Olney Enterprise |](https://news.google.com/rss/articles/CBMijgFBVV95cUxPOXBvNlQtenpfNXJROEVNUUVCLTdPNWgtM2pMM0xXNzM0SjdIT0ZyQ3p3YTZPaTNlTW14LVY5c1RuRFM0Z0wzbWdzdTgyVmd4LUdxMDY0cjA2OUVYRy1DT2lZSS1fdHFOZVdsSndkNkJqU1duZTZ2dzNiSS05dUU2ZktyZXlrSERtVjdiZUF3?oc=5) · Olney Enterprise |
- 2026-07-30 [Citizens Bank of Las Cruces to merge with Socorro-based First State Bank - The Business Journals](https://news.google.com/rss/articles/CBMinwFBVV95cUxNUDlrSFhzUWx3dF85emdzT0J5Vmtyd2p5eFc5akU4QzY0QUtVcDBpdDNoQ3BZWjdZZnlKT3ZzZWZIM3BXTW1fSk93emNmRW9sRmdKWWZMNUk5VGx6N2tETEUyT0cycmpFLWkxRHFxcEt0QWpFMFFLRE5KeF9vbE1HZF9vWm5wRzBNWW5SWEVHdmlWcUdFMlRUb2Fxd2pjRmc?oc=5) · The Business Journals
- 2026-05-13 [First State Bank of Blakely names Hall, Summerlin to leadership posts - Early County News](https://news.google.com/rss/articles/CBMirwFBVV95cUxQZ1pxeE1yVmNzNGNyRnpoLWVNcTBzNGotdFdmOTg3V1dLdUZpeXRiVk9yU0VPODhDUXBELXlaZWQyZlJ5RlgxWFg3UngyTnVyUWsxcm0tSTJKNjB6N0J3S1FEZW9MbFU3RG1YXzFldmpzZ1IxYzlqZXpRdFI4eFhOWWV2VkhUYnF5V19wcUdpRzM4dEhQaDVkV1ctYnFKQkYyNHppc1pfV05WRzhwNmRr?oc=5) · Early County News
- 2026-02-24 [First State Bank welcomes Hurd and Skinner to Quitman branch - Laurel Leader-Call](https://news.google.com/rss/articles/CBMi2wFBVV95cUxQa3o1VHFhSUhfQUFEdWRJb0ZmWjdCN2VCdWtuUzJNN0pPQ1lZOHpxLWR3cHZfVTg0ZG11QkFON24zVGMtU2xCM01BS0tBSXdxX3ViOUt5UVBpNzhwVDdaVmEtaFZqOE5lTWJER2NVQlpHX2pCcFNkMUo3aUR1Z2hEUmpXNnRVRHNRT1ZuaURtSkZKV2hCRFd4UkczWlBmUEUzV3h0SUFITlAwdWVpRlZmT3NWVFI1ZzdsMXVEQ3BBTTJzelNPbmxfREdZNS1nbG54RTE2QnhQQi0tSVE?oc=5) · Laurel Leader-Call
- 2026-02-20 [First State Bank of Burnet breaks ground on new location in Plainview - Plainview Herald](https://news.google.com/rss/articles/CBMioAFBVV95cUxPdU1BcGFwZW9iN00wdnJNc2xQNUV5TVlKMXItTEtHaXhJMzFzT2dvUVNpSG1KUnZhR3M1THJwVEFYVy1EclAtZ2FxMjJHanJKTkxFdXhlYVZLaDJPQ2RZMTlMUi05NUR6MWgtdkpPZ0VjTG5vSlZTMmF4VFg1NDlEMnBQTzZvcVlOd3J4dzl3aDhMaFZXY3VwRUc5c0t6elIz?oc=5) · Plainview Herald
- 2026-02-18 [List Of Failed Banks: 2009-2026 - Bankrate](https://news.google.com/rss/articles/CBMiZEFVX3lxTFAtbi1TaWMteGEyOHdQbnlXd0tPRzM2WFJQZjdPdzViQTZFLVVHODJRTEdqRWhnMkxIOG5xMUVSWU5iNHZSbVpnQ2Z4TWdiMDVwN2NTdUNGd3dXZ2tGcGZ2VWVJRnM?oc=5) · Bankrate
- 2026-04-01 [New London transforms an old bank into a massive new community library - NBC26](https://news.google.com/rss/articles/CBMipgFBVV95cUxPM3Nlem1QU3JvMzRHSTJJZmxHUlAzRGRMSWFhQ1BxMTdwX3g0emlyQktELW9BMmlqSERoZU9UWkVuMHphS1ZXMEhWNXNZQmNNOUoycGpQYUgwT0hBS1VnWXV6YThreVE1TjVVX3pPeGxtdE9qaGU3NzhlNzFhUVZlS2xvbzBsSHpYcmw4aGNRQWNnd0JPd3kzOHFSR1ZISXhua1RPbUNn?oc=5) · NBC26
- 2025-10-15 [First State Bank relocates to Preston Road in Celina - Community Impact](https://news.google.com/rss/articles/CBMiqAFBVV95cUxPZU9UdkZYVHR1UEVaa2FES05jc04zYW5BZTZMLXA3dHlUY0V2aXRMRU42ZXp3SWVjaThDZk5GX1RoMUVuWHdPS0IzNzhYeHMxVmIxUzdBbWhlZXBCZzBhbWFrZkh2RW11Q3NuUFhzbDZoQ3dxNElDWGJIVHpxbW5LRUpzdkJWUDM4WW9aUVFySTJTQTF3aHdVVXRkdkxfMkFZSVlfTzdOb3M?oc=5) · Community Impact

## How to verify

- Page: https://getbookiq.com/bank-desk/#bank=8600 (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/24.json (key "8600", 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