# UNITED FARMERS STATE BANK
ADAMS, MN · FDIC certificate 8821 · asset band <$300M · latest filing 2026-06 · live

**Verdict on the desk:** this could be *funding-stretched*. Composite score 3 (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 | $233.8M | |
| Deposits | $181.6M | |
| Loans and leases | $205.8M | |
| Total equity | $22.8M | |
| Loans / deposits | 111.97% (p97 of band) | 73.59% |
| Liquid assets / assets | 9.29% (p3 of band) | |
| Uninsured deposits / deposits | 13.88% (p28 of band) | 19.81% |
| Brokered deposits | 4.39% | |
| Wholesale funding | 16.61% (p93 of band) | |
| FHLB advances / assets | 11.98% | |
| Tier 1 leverage | 10.33% (p29 of band) | 11.76% |
| Unrealized securities loss / equity | -7.49% (p48 of band) | -6.57% |
| AOCI / equity | 0.10% (p89 of band) | |
| ROA (annualized) | 2.12% (p88 of band) | 1.17% |
| Net interest margin | 3.97% (p52 of band) | 3.93% |
| Efficiency ratio | 42.52% (p5 of band) | |
| Noncurrent loans | 0.33% (p48 of band) | 0.36% |
| Net charge-offs (annualized) | 0.00% (p20 of band) | |
| Reserve coverage of noncurrent | 363.58% | |
| Real estate % of loans | 58% | |
| Construction % of loans | 4.10% (p27 of band) | |
| Auto loans | $1.4M (0.66% of loans; DQ 0.00%, NCO 0.00%) | |
| Loans to nondepository financials | $0 (0% of equity) (p48 of band) | |
| Deposits YoY | 6.0% | |
| Employees | 23 | |

## Flags firing in the latest filing

- **loans exceed deposits** (`liq_ltd`)
- **wholesale funding >15%** (`liq_wholesale`)
- **liquid assets <10%** (`liq_thin`)

## 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 | 0 |  |  |
| 2012-06 | 1 | uninsured deposits leaving |  |
| 2012-09 | 1 |  |  |
| 2012-12 | 0 |  | uninsured deposits leaving |
| 2013-03 | 1 | capital falling |  |
| 2013-06 | 0 |  | capital falling |
| 2013-09 | 0 |  |  |
| 2013-12 | 0 |  |  |
| 2014-03 | 0 |  |  |
| 2014-06 | 0 |  |  |
| 2014-09 | 1 | capital falling |  |
| 2014-12 | 1 |  |  |
| 2015-03 | 1 | deposits shrinking | capital falling |
| 2015-06 | 3 | loans exceed deposits, uninsured deposits leaving |  |
| 2015-09 | 2 |  | uninsured deposits leaving |
| 2015-12 | 2 | uninsured deposits leaving | deposits shrinking |
| 2016-03 | 1 |  | uninsured deposits leaving |
| 2016-06 | 2 | wholesale funding >15% |  |
| 2016-09 | 2 | uninsured deposits leaving | wholesale funding >15% |
| 2016-12 | 1 |  | uninsured deposits leaving |
| 2017-03 | 1 |  |  |
| 2017-06 | 2 | wholesale funding >15% |  |
| 2017-09 | 1 |  | wholesale funding >15% |
| 2017-12 | 1 |  |  |
| 2018-03 | 1 |  |  |
| 2018-06 | 1 |  |  |
| 2018-09 | 2 | liquid assets <10% |  |
| 2018-12 | 2 |  |  |
| 2019-03 | 2 |  |  |
| 2019-06 | 4 | charge-offs p90, uninsured deposits leaving |  |
| 2019-09 | 2 |  | liquid assets <10%, uninsured deposits leaving |
| 2019-12 | 1 |  | charge-offs p90 |
| 2020-03 | 1 |  |  |
| 2020-06 | 2 | reserve under noncurrent |  |
| 2020-09 | 1 |  | reserve under noncurrent |
| 2020-12 | 1 | capital falling | loans exceed deposits |
| 2021-03 | 1 |  |  |
| 2021-06 | 1 | uninsured deposits leaving | capital falling |
| 2021-09 | 0 |  | uninsured deposits leaving |
| 2021-12 | 1 | capital falling |  |
| 2022-03 | 1 |  |  |
| 2022-06 | 0 |  | capital falling |
| 2022-09 | 0 |  |  |
| 2022-12 | 0 |  |  |
| 2023-03 | 1 | charge-offs p90 |  |
| 2023-06 | 1 | uninsured deposits leaving | charge-offs p90 |
| 2023-09 | 1 | liquid assets <10% | uninsured deposits leaving |
| 2023-12 | 2 | loans exceed deposits |  |
| 2024-03 | 2 |  |  |
| 2024-06 | 2 |  |  |
| 2024-09 | 2 |  |  |
| 2024-12 | 3 | wholesale funding >15% |  |
| 2025-03 | 3 |  |  |
| 2025-06 | 3 |  |  |
| 2025-09 | 3 | capital falling | liquid assets <10% |
| 2025-12 | 3 | liquid assets <10% | capital falling |
| 2026-03 | 3 |  |  |
| 2026-06 | 3 |  |  |

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

- 2014-01-21 [Merger creates United Farmers State Bank - Post Bulletin](https://news.google.com/rss/articles/CBMihAFBVV95cUxQaDl1aERJMTRFUkJsUmhIc1dEemxGNkJHN2RxMHBlU21xWG9wSllneXVabDJpQlVNUUZLSk5sNVRLWXV5M3JmZlJraDFEdGtCU1ZrV05HNU5jTGduSW1sTHFaS2JZYU03bjV1REo4SHZocXhXM05nQ0R1czE3YUh6YWpOYUY?oc=5) · Post Bulletin
- 2022-04-14 [Cleanup continues in Taopi, Minn., after EF2 tornado devastated community - MPR News](https://news.google.com/rss/articles/CBMisAFBVV95cUxPQVp6QVBYc2taZHhrZmVoYkpHd2N2U1Z1c1djTGl4Mm9Pd28tQlBDcWtLVmx0TW1uWVc1bUpPZkx2LXljY0RQbzNHUW9kSWdMTG9ILVlKWlh0bTBhSXYwTTA0YXNiWU5Ud05VcDhSSXkwVmFfTDVCT01ROWxrYWNyeW9oUlJ5aDlGdlFGc21IOFMtd0s0dEtPMlp2VDY0N2p2emNvQktSMWNWZHgyVDBjRg?oc=5) · MPR News
- 2024-09-23 [Google Wallet now supports 47 more US banks (and one new service) - androidpolice.com](https://news.google.com/rss/articles/CBMilwFBVV95cUxPNlpuR1J6Q2JwOXFsMExVdW1KWXhaUk1CTXVpdk1vMndxbjBJNWw2TzEza1NPV2FDdE1KU3gwdEdIWjJYUWpQZzZpcXdYaThzZnhaXy1ZYUpINjZaTjhCb001aE9taVdtMklUMkZZVlB3WkFDOUUxNFdudncxX0NfaVNFZk5jR1I0VmlMZE1ka2JoQy1sYXlN?oc=5) · androidpolice.com
- 2022-04-16 [Couple recovering after being trapped under basement wall during tornado - kttc.com](https://news.google.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?oc=5) · kttc.com
- 2022-04-14 [Tornado destroyed half the homes in tiny community in southeastern MN - Pioneer Press](https://news.google.com/rss/articles/CBMingFBVV95cUxQN1k3VDFxZmlNZTVCeTNGb251R2UzODBiREJnYU96THJfYVRQOGFRSGxmVmoyak1JRG5Ja2NfYTVwN1FFcV91Y194M3ZTdVNVZVBlWkN2djJUWXQyWXItR2YtQmo3cDF6RVRIcEliVDRsekxRVTJNSnVlTXl0Ymdjd3hlT0c1R19uajNOOHBlYWpDa05sUld6MTFJb20tUQ?oc=5) · Pioneer Press
- 2022-04-14 [Officials: 10 houses destroyed in Tuesday's Taopi tornado - Post Bulletin](https://news.google.com/rss/articles/CBMimwFBVV95cUxQM0g5SnNoMVAyc3J5ckg3VEZrTkpMblNXcUppS2lFZTZ1dGRFQW5udDY2WGNJQkVtTm54MU9SY09LS0V4UjhBZWc2NWVJaWRqSS11a2xsRUc3TG1CdXhHV2h6OVlBQW9QZ3ZUWk9GMktkQmpBSC11alhoM3lpNktqbk1CdlpmMzZyTG5uTlp5ZkVwRlFwa1dqVjQ2WQ?oc=5) · Post Bulletin
- 2022-04-13 [Southeast Minnesota communities hit hard by Tuesday night storm - Post Bulletin](https://news.google.com/rss/articles/CBMigwFBVV95cUxQNktvMEx1XzBMQjRjSmRlOUg3ejZnbjNtQW1YRzBlS3lacUNLTXo2cFRaV1d6QkhWbkZpRVd3dHBBSDhacWJKTUdEMW5LWnh1LWtoRjFIbTB3R3RrU3NHQ2NVNTFDTVJpRjN4a0doa1NqVU1DWnM4OG9Xc2hsdmlyaTZaYw?oc=5) · Post Bulletin

## How to verify

- Page: https://getbookiq.com/bank-desk/#bank=8821 (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/53.json (key "8821", 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