# FARMERS STATE BANK
ALGONA, IA · FDIC certificate 8760 · asset band <$300M · latest filing 2026-06 · live

**Verdict on the desk:** this could be *ordinary*. Composite score 0 (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 | $150.5M | |
| Deposits | $130.7M | |
| Loans and leases | $110.5M | |
| Total equity | $19.1M | |
| Loans / deposits | 83.41% (p68 of band) | 73.59% |
| Liquid assets / assets | 24.21% (p30 of band) | |
| Uninsured deposits / deposits | 23.55% (p64 of band) | 19.81% |
| Brokered deposits | 0.00% | |
| Wholesale funding | 0.00% (p46 of band) | |
| FHLB advances / assets | 0.00% | |
| Tier 1 leverage | 12.70% (p60 of band) | 11.76% |
| Unrealized securities loss / equity | -2.81% (p66 of band) | -6.57% |
| AOCI / equity | -0.91% (p30 of band) | |
| ROA (annualized) | 1.55% (p70 of band) | 1.17% |
| Net interest margin | 3.86% (p47 of band) | 3.93% |
| Efficiency ratio | 59.25% (p33 of band) | |
| Noncurrent loans | 0.91% (p68 of band) | 0.36% |
| Net charge-offs (annualized) | -0.02% (p7 of band) | |
| Reserve coverage of noncurrent | 146.78% | |
| Real estate % of loans | 62% | |
| Construction % of loans | 26.67% (p61 of band) | |
| Auto loans | $716,000 (0.65% of loans; DQ 0.00%, NCO -0.02%) | |
| Loans to nondepository financials | $0 (0% of equity) (p48 of band) | |
| Deposits YoY | 11.2% | |
| Employees | 17 | |

## Flags firing in the latest filing

- none

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

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

- 2026-08-14 [Farmers State Bank Number of Employees 2026 | Employee Count & Headcount Data - reveliolabs.com](https://news.google.com/rss/articles/CBMidEFVX3lxTE9sTUlmblE2dzd0ZW41UnUtNzFpZFE4b0xWbUExdmxHS2FLdHdhSmdIWFVvUXpfSzR6Q1V3Slp2SEhyaEZ6akE1LVJCX1Rmd2lZcUMxNlhQejk0NkItMW9MQWVjQTZPV3cxN01KVnhIMmlfcDc3?oc=5) · reveliolabs.com
- 2026-05-18 [Farmers State Bank previews the 30th year of Marion by Moonlight - kcrg.com](https://news.google.com/rss/articles/CBMinAFBVV95cUxQM0h2ckVkODk5RUJjbU9GZ0xhRzVocndLQ3NuanJHV002Z2ZtRldKWGtQU1QxU3d3YUtDS3dPSzRoNVdOcGFYbjZkRGVVb3F1YXAwSHhQM19kQnhQZ0lwcFdaUTJmc0NGOUQ2Uk1QNDVHN2FrQVVfeGZINUh3OGRBVnQwbzBmVkdxMGZPNEN4S2RNTUh0cWlPTkdzZW0?oc=5) · kcrg.com
- 2026-06-19 [What's closed on Juneteenth in Iowa? Check banks, post office, stores. - The Des Moines Register](https://news.google.com/rss/articles/CBMi1gFBVV95cUxNT2RVVS1mSnF3dHBzdXZlWmR5MmdndEVzaUdPRzBfR2Mwd0JtRXN3VGFOdWRkQmFFMXpXbGVfN3kzdnNKMFBnUmN3MHV2Q25lNVl4dV9HUnAzTEZLMzI2Umh2aFNRVF9la1N2NEVLNzJ5cEw0SDZPdE5yTlpYZ3dIMXVOc0l5OVZMUVZ4TE9LeUxSS2ptTThYTHBnM2FxWGo2Q2JBNTBMZVkxc1NDYVNHbUpkbmxhRy1NSlVFSlJXVVh0WkhLLWJrOUp3S1dsTWJpOVFiLVFB?oc=5) · The Des Moines Register
- 2025-10-24 [Guaranty State Bank & Trust Co. Announces Appointment of New President/CEO - Concordia Blade Empire](https://news.google.com/rss/articles/CBMirgFBVV95cUxNVUFrT2k5TVlBQ2s1elcxblVjN3hOWVE5eXN5Ml9aRUhIWnhiN2ZmRU9LcjBuM0NOYTRpUmFkZHhqUVhYUV9Mb3dCeVR2Vy1sN3djUmdwSnozd2xSRFFxcTRrREtIQVkxT3dDbVdTSU45YVJJSDJnYnNTcXM1YURob3F3SC1BMVdtcHk1a2N3WjZPbmhKMzZoOHVCQmo5WXRhcTlsdWkwNDZMQnVnQlE?oc=5) · Concordia Blade Empire
- 2026-03-16 [Everyday Iowa - Money Monday with Farmers State Bank - kcrg.com](https://news.google.com/rss/articles/CBMikwFBVV95cUxOMXVkZzhobWtoUDYwTG9XR1dBWENRM1hMNThfZm5TQXBlNjk3dFIzNGpOU0RCNmdaTTBxQTZWdlAzdW1VVGhnTXBGUEY0cmZFdjJnM2FWS0VYNk1jVWlXTUZWZ2xhTFA4OVFpNmcyNGhRc0hNMXhiVVlkSm9xaEZQTjVsd1Q5bHg1Q2wyWC1lOVFMM3M?oc=5) · kcrg.com
- 2024-11-20 [Farmers State Bank announces new CEO - Corridor Business Journal](https://news.google.com/rss/articles/CBMiogFBVV95cUxPbUt4QjRLMmhJM0x5bWtsTEpYaFZUSDhhUXRJd3ZEcHJZSWFMbHlQaFJITFVWUFFYZXY3S2F3VlhvMC01aGl1NTBybjlTSzAwWFAwYmd4Wi1TN0dSXzNZTnRhRGZyT2tTODJIZUV4NDdaM1lNbDJkZU1YSUJ1SlVfbV90YWNabGNVSzFwLWtiZ1RtOGllWkF5aV9ZY1h0MzJ2N0E?oc=5) · Corridor Business Journal
- 2026-07-20 [Kansas’ Small Business Bank fails - Banking Dive](https://news.google.com/rss/articles/CBMiuAFBVV95cUxNaUJ1Q2xPZjREN1dRTjFBcUhyRTlCT19RZGFTaF9KQUhRNk9FREloV0h3QmkwQy10c1BqdWNELWZUWHpMR29hZ2x1dGhkbFU0VzBJMDNBREZkaWJlQWJCaVk2U2d6QzRwVHdqZ1pPUEwxWGphVW5PT3YzbGJRbE1ucE5xTmROQ25KQVY5ak42aURRV05KU0xQM0g0T1NTUXFIb2NiLUVsVzhMalBDRjJTZ3lmRFg5NXFB?oc=5) · Banking Dive
- 2023-06-20 [Forbes 2026 America's Best Banks In Each State List - Forbes](https://news.google.com/rss/articles/CBMiXkFVX3lxTE4xcm9keG1VQVdlREh4RG0tMFA2NktMQ1M4SjBicWxRTkJ3a0lOQTVqSXA0d1FkZ0RPOXQxWjFXYzg5SWhNNTBTU0Rqa0Vuekp2TzR5WnhXLTBwel9MdWc?oc=5) · Forbes

## How to verify

- Page: https://getbookiq.com/bank-desk/#bank=8760 (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/56.json (key "8760", 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