# PEOPLES STATE BANK
DE SMET, SD · FDIC certificate 9002 · asset band <$300M · latest filing 2011-09 · stopped filing (departed)

**Verdict on the desk:** this could be *fortress*. 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 | $62.8M | |
| Deposits | $54.3M | |
| Loans and leases | $40.6M | |
| Total equity | $8.2M | |
| Loans / deposits | 73.74% (p55 of band) | 71.39% |
| Liquid assets / assets | 33.92% (p52 of band) | |
| Uninsured deposits / deposits | 7.76% (p48 of band) | 8.02% |
| Brokered deposits | 0.00% | |
| Wholesale funding | 0.00% (p16 of band) | |
| FHLB advances / assets | 0.00% | |
| Tier 1 leverage | 11.75% (p71 of band) | 9.99% |
| Unrealized securities loss / equity | 8.14% (p74 of band) | 3.72% |
| AOCI / equity | 1.50% (p49 of band) | |
| ROA (annualized) | 2.72% (p98 of band) | 0.72% |
| Net interest margin | 4.12% (p65 of band) | 3.86% |
| Efficiency ratio | 44.49% (p3 of band) | |
| Noncurrent loans | 1.34% (p47 of band) | 1.48% |
| Net charge-offs (annualized) | -0.02% (p6 of band) | |
| Reserve coverage of noncurrent | 112.29% | |
| Real estate % of loans | 37% | |
| Construction % of loans | 11.37% (p40 of band) | |
| Auto loans | $1.0M (2.55% of loans; DQ 0.00%, NCO 0.00%) | |
| Loans to nondepository financials | $0 (0% of equity) (p48 of band) | |
| Deposits YoY | – | |
| Employees | 13 | |

## Flags firing in the latest filing

- none

## Warning timeline

| Quarter | Score | Flags that first fired | Flags that cleared |
|---|---|---|---|
| 2011-03 | 0 |  |  |
| 2011-06 | 1 | reserve under noncurrent |  |
| 2011-09 | 0 |  | reserve under noncurrent |

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

- 2026-09-09 [Peoples State Bank and Bank First Corp. intend to merge in 2026 - Chippewa Herald](https://news.google.com/rss/articles/CBMiogFBVV95cUxQWTh1OWF1clR6cV9JWng4Rk9wbUlmeTdwb0FVWktHa1plV1JTQTJvNTdEM3V5UllWSGdxVkZpbm44MUZrNHBDYjdXZzNiT3pla1dZemxHS09Ib29NS01WRUNFa3BQbkFXdGpJYmZERHpSdnp4RDQ1RkQ3Z292bW9xUko1SlhBLVYxcTV6VWFsN2VkQkx4SThSU2RnTEE3bEZNMkE?oc=5) · Chippewa Herald
- 2026-02-18 [List Of Failed Banks: 2009-2026 - Bankrate](https://news.google.com/rss/articles/CBMiZEFVX3lxTFAtbi1TaWMteGEyOHdQbnlXd0tPRzM2WFJQZjdPdzViQTZFLVVHODJRTEdqRWhnMkxIOG5xMUVSWU5iNHZSbVpnQ2Z4TWdiMDVwN2NTdUNGd3dXZ2tGcGZ2VWVJRnM?oc=5) · Bankrate
- 2021-04-19 [Alabama bank to buy Peoples State - Nashville Post](https://news.google.com/rss/articles/CBMiygFBVV95cUxQMXlDYWg2Vkw5aUdvZndUZXFLd19wSmpKRlZtZ0V6UU5ha19jVmRzaDdLcjRkRmFtT1pQeG1abjlSNzRQem1wUTlvN2xaTTJvTThYOWxMUjkxV2E0eWYtV2FrSjgzcHdiUTB1RFBtRmlwSVhPazVDeTlWVzVYYWp6U1doaFdsTnFzODl4R3NRdjVzV0k2ZGpYSl9xa2VVckl0UU14UG9EWlVIdHpEcDVEUUZMR0Q5Z0twQ3RqNm9RdFVrbXliRWRiNVl3?oc=5) · Nashville Post
- 2021-08-04 [Peoples Bank celebrates 100 years - lyndentribune.com](https://news.google.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?oc=5) · lyndentribune.com
- 2019-08-28 [Best Banks to Work For 2019 - American Banker](https://news.google.com/rss/articles/CBMicEFVX3lxTE1iTm1wN2xxU1Z1T3hpRkNlclVTTHkyZElwakJiekprd3FDVHlEbVZEVHgwandjb2tHVDA3M2s1LTR5LTlKX2dNalpzNnBBVldyYlBmSGJDYXk5OHJqYXEycmE5dGhrWXpfdTFGNU1IZEg?oc=5) · American Banker
- 2018-11-08 [Evelyn Moyer Obituary Nov 8, 2018 - Eddy Funeral Home | Williams-Lisko Funeral Home - Eddy Funeral Home](https://news.google.com/rss/articles/CBMiZkFVX3lxTE9idXZzVHp1RG5pOWhsYXd5ODBQZHI4REVzOC1QTXIxMzNQTWFKTXRsak9RR09KLXE5WElVdzl0TU9TZDFmMG83aS04VklTM3N5MHBINWM1dk5WOWhudzBfbXFOaml1QQ?oc=5) · Eddy Funeral Home
- 2017-03-24 [Nengmy Vang, 45, ID'd as suspect in shooting spree - Wausau Daily Herald](https://news.google.com/rss/articles/CBMiqwFBVV95cUxOU2tWWVdQMFhzN0RValI0eU1PaXp4U0laUkVXY3dXZG8zQTFnSHAzNE5YV2dXUS1MNEg3Zmh5SERWUjgxVHVGNkY1VGlPUEJXMnlsTWtYQWNkbVA1VWJPWkdkM18wRHdxYWxWSnh4ckNvWUhqdnUxbEtCa0kwdkltcUwwZjdfVGNBY1NrTU1tTU1HNHBkdmZ1d3ZqYWZIQnVpT1ZEb1hBd0ozbE0?oc=5) · Wausau Daily Herald
- 2023-11-19 [Best Banks to Work For 2023 - American Banker](https://news.google.com/rss/articles/CBMicEFVX3lxTE5nbm5oUXcxdWJraTFKZmlvR29hQVAwelhQMnRES3lyZFlCMHhQYXUxeGZabTRrVlg2cEQzUWF0a1ZUaENXNHNhS0tTM0NfdVp5MXhwRHRKRU9JU3Z5VlZMUXVhSnNLQ19JeDM3dVVtZkc?oc=5) · American Banker

## How to verify

- Page: https://getbookiq.com/bank-desk/#bank=9002 (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/42.json (key "9002", 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