# FARMERS STATE BANK
WEST SALEM, OH · FDIC certificate 8647 · 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 | $187.5M | |
| Deposits | $163.0M | |
| Loans and leases | $128.1M | |
| Total equity | $13.6M | |
| Loans / deposits | 77.68% (p58 of band) | 73.59% |
| Liquid assets / assets | 25.33% (p33 of band) | |
| Uninsured deposits / deposits | 17.01% (p39 of band) | 19.81% |
| Brokered deposits | 0.00% | |
| Wholesale funding | 5.60% (p74 of band) | |
| FHLB advances / assets | 5.60% | |
| Tier 1 leverage | 9.30% (p14 of band) | 11.76% |
| Unrealized securities loss / equity | -36.91% (p10 of band) | -6.57% |
| AOCI / equity | -0.34% (p52 of band) | |
| ROA (annualized) | 1.07% (p44 of band) | 1.17% |
| Net interest margin | 4.53% (p77 of band) | 3.93% |
| Efficiency ratio | 72.34% (p65 of band) | |
| Noncurrent loans | 0.00% (p23 of band) | 0.36% |
| Net charge-offs (annualized) | 0.05% (p79 of band) | |
| Reserve coverage of noncurrent | 144400.00% | |
| Real estate % of loans | 73% | |
| Construction % of loans | 9.74% (p38 of band) | |
| Auto loans | $1.0M (0.79% of loans; DQ 3.56%, NCO 0.00%) | |
| Loans to nondepository financials | $0 (0% of equity) (p48 of band) | |
| Deposits YoY | -3.8% | |
| Employees | 37 | |

## 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 | 1 | reserve under noncurrent |  |
| 2011-06 | 1 |  |  |
| 2011-09 | 1 |  |  |
| 2011-12 | 1 |  |  |
| 2012-03 | 2 | capital falling |  |
| 2012-06 | 2 |  |  |
| 2012-09 | 1 |  | capital falling |
| 2012-12 | 1 |  |  |
| 2013-03 | 2 | capital falling |  |
| 2013-06 | 2 |  |  |
| 2013-09 | 1 |  | capital falling |
| 2013-12 | 1 |  |  |
| 2014-03 | 2 | charge-offs p90 |  |
| 2014-06 | 1 |  | charge-offs p90 |
| 2014-09 | 2 | capital falling |  |
| 2014-12 | 1 |  | capital falling |
| 2015-03 | 0 |  | reserve under noncurrent |
| 2015-06 | 0 |  |  |
| 2015-09 | 2 | capital falling, reserve under noncurrent |  |
| 2015-12 | 1 |  | reserve under noncurrent |
| 2016-03 | 2 | reserve under noncurrent |  |
| 2016-06 | 1 |  | reserve under noncurrent |
| 2016-09 | 0 |  | capital falling |
| 2016-12 | 0 |  |  |
| 2017-03 | 1 | capital falling |  |
| 2017-06 | 1 |  |  |
| 2017-09 | 1 |  |  |
| 2017-12 | 1 |  |  |
| 2018-03 | 0 |  | capital falling |
| 2018-06 | 0 |  |  |
| 2018-09 | 0 |  |  |
| 2018-12 | 0 |  |  |
| 2019-03 | 1 | reserve under noncurrent |  |
| 2019-06 | 1 |  |  |
| 2019-09 | 0 |  | reserve under noncurrent |
| 2019-12 | 0 |  |  |
| 2020-03 | 0 |  |  |
| 2020-06 | 0 |  |  |
| 2020-09 | 2 | capital falling, expense ratio p90 |  |
| 2020-12 | 1 |  | expense ratio p90 |
| 2021-03 | 1 |  |  |
| 2021-06 | 1 |  |  |
| 2021-09 | 0 |  | capital falling |
| 2021-12 | 0 |  |  |
| 2022-03 | 4 | leverage <7%, capital falling, AOCI drag >20% of equity, securities losses >30% of equity |  |
| 2022-06 | 2 |  | leverage <7%, capital falling |
| 2022-09 | 2 |  |  |
| 2022-12 | 2 |  |  |
| 2023-03 | 2 | assets shrinking | AOCI drag >20% of equity |
| 2023-06 | 4 | deposits shrinking, uninsured deposits leaving |  |
| 2023-09 | 3 |  | assets shrinking |
| 2023-12 | 3 |  |  |
| 2024-03 | 3 |  |  |
| 2024-06 | 1 |  | deposits shrinking, uninsured deposits leaving |
| 2024-09 | 2 | capital falling |  |
| 2024-12 | 1 |  | capital falling |
| 2025-03 | 1 |  |  |
| 2025-06 | 1 |  |  |
| 2025-09 | 1 |  |  |
| 2025-12 | 1 |  |  |
| 2026-03 | 1 |  |  |
| 2026-06 | 1 |  |  |

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

- 2026-09-08 [Hawthorn Bancshares Completes Merger with FSC Bancshares - ABF Journal](https://news.google.com/rss/articles/CBMijAFBVV95cUxPekQ1N0k3WWhQQ3VJS0ZVeHYtVFI1d094MnZsazNIZ2o1UlBmZmlwQ0lGMHh2XzVmc2VpY1prMldzZzZQRjN1NWlNcmluUF8tVzBrY3Q0VXJVU1Z6Q09ZNlJYcDV3bTY3WTJ0VHhzR2tZOUZFb3NEVDFpcF9GTGZBQmgycXV1RWdxWmRKag?oc=5) · ABF Journal
- 2026-07-17 [Failed Bank Information for Small Business Bank, Lenexa, KS - Federal Deposit Insurance Corporation (FDIC) (.gov)](https://news.google.com/rss/articles/CBMie0FVX3lxTE9ubkk3SEprT0ZyUncwZHpYNEJfRHhKb2k5M3ZwY3lxN0N5SWswR1NFREJGSWNJSUU2UFV0eDVILWI0QWNteUxvQ0RjeFNkX1R2dXg3SGNPNkRkNXR6c0g5Q1VzcGpPUWo5WUp4Zk9fOUdzc3VNckpNX0hLUQ?oc=5) · Federal Deposit Insurance Corporation (FDIC) (.gov)
- 2026-09-04 [Hawthorn Bancshares Completes Merger of FSC Bancshares and Farmers State Bank - Quiver Quantitative](https://news.google.com/rss/articles/CBMiswFBVV95cUxPNkg2anBLNEE1YVlBM2tTSjFTWXp1Skp5YmxUVUJvb1hacEFmRzFOVllkQWVfSlhJb0xYTkc2WDFDdExjTXBnVkZmUl83ekVCSmZjZllfWkdGX2UzWEJpb3RyV0hPdWR6NGJpdVRsMHNkRmV5YU40N0VMZ25xU2p2ekM0b0J1WVllckVlLU1NbnlCVHA3SHRBSVRrZWw0aFNIZk5Celcxb2JGS3E5UjlhMWJiYw?oc=5) · Quiver Quantitative
- 2026-08-27 [Farmers State Bank of Oakley goes from zero to two KC-area locations - The Business Journals](https://news.google.com/rss/articles/CBMiqgFBVV95cUxOSHhOMW5jQkc0dTRYS2dOVmlwb1VZUkJicjdPY0sxSDdlcFd3aHNoR1VmX2UtZmZNcU9oaVIwOGtPRGhTYXNMNnYtTUc5OXJ1QmswZ1hfX0d2allKbEtaeGstcWxrLVVFeVJleXY5NU96UXdHWlE5QmpkbjN6a0M0SG0wZ2hvZUtucmJ1d0tyTUQ1RW00TDV1UUdLMWw1eFI5dnlHRnc3eVZEdw?oc=5) · The Business Journals
- 2026-08-11 [Banking on connection - IBM](https://news.google.com/rss/articles/CBMiYEFVX3lxTFBGWU9SSVNCWTNDeXc4X0g0U0dQVGJCbGMybDZjdDRKY0dXay1XTExDdGl6amoycjBMQ29JaVVvNDRxdndPNFgtRWxNXzlabHlHR3Z3RFJyMEwwakdnQVhuaQ?oc=5) · IBM
- 2026-07-20 [Farmers State Bank assumes deposits of Small Business Bank - Johnson County Post](https://news.google.com/rss/articles/CBMiqwFBVV95cUxOcGhxbE80dmVKNFd0QW9SN2xmUVo0aG9tXzhNeGJzN0o1VHR5eVR4b0dRa1lrb1FVS1VGcW1UWnVfWXJ0eGlta050SjdXRnltT08zRVFScGo1X19ERDlkd3VaRnVjaG1WcGVkWHlmN2ltbFNIbHJGYkxtOUVWeWR1a1J1aXN0elRFUVpRcl9zb0V5WWU3dmV0MkFiZnluLW1VT2pKRVRrY0E5V0k?oc=5) · Johnson County Post
- 2026-07-20 [Kansas’ Small Business Bank fails - Banking Dive](https://news.google.com/rss/articles/CBMiuAFBVV95cUxNaUJ1Q2xPZjREN1dRTjFBcUhyRTlCT19RZGFTaF9KQUhRNk9FREloV0h3QmkwQy10c1BqdWNELWZUWHpMR29hZ2x1dGhkbFU0VzBJMDNBREZkaWJlQWJCaVk2U2d6QzRwVHdqZ1pPUEwxWGphVW5PT3YzbGJRbE1ucE5xTmROQ25KQVY5ak42aURRV05KU0xQM0g0T1NTUXFIb2NiLUVsVzhMalBDRjJTZ3lmRFg5NXFB?oc=5) · Banking Dive
- 2026-08-17 [Money Monday: Keeping your business safe from fraud with Farmers State Bank - KCRG](https://news.google.com/rss/articles/CBMirAFBVV95cUxOVGxoY3JhdmY0MGltMzcyYlA2eWFvOUdON2pCbkJXYWFVZFBvV3p4Q05NRkcxdHFkcjJjX3FVRFNKUV9iMlB1MW40TjhJVnV2NkJUcVcxOG1UcDBHNnBaaXpVVlBkdFhFU0k5R1VQQlRSS3N6Umg3OFkzekhnLVRkMHhmTlNYNjFhYkM4MWpKa2lyQzQ3cG9jSVY0bjZkVF9wX2c0Z0djX1BKNkNS?oc=5) · KCRG

## How to verify

- Page: https://getbookiq.com/bank-desk/#bank=8647 (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/7.json (key "8647", 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