# FARMERS SECURITY BANK
WASHBURN, ND · FDIC certificate 9122 · asset band <$300M · latest filing 2021-12 · stopped filing (departed)

**Verdict on the desk:** this could be *liquidity-rich*. 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 | $72.7M | |
| Deposits | $65.9M | |
| Loans and leases | $36.7M | |
| Total equity | $6.7M | |
| Loans / deposits | 54.79% (p36 of band) | 61.86% |
| Liquid assets / assets | 49.11% (p65 of band) | |
| Uninsured deposits / deposits | 21.90% (p58 of band) | 19.57% |
| Brokered deposits | 0.00% | |
| Wholesale funding | 0.00% (p25 of band) | |
| FHLB advances / assets | 0.00% | |
| Tier 1 leverage | 9.22% (p29 of band) | 10.43% |
| Unrealized securities loss / equity | 1.68% (p81 of band) | 0.00% |
| AOCI / equity | -3.32% (p33 of band) | |
| ROA (annualized) | 0.71% (p34 of band) | 0.96% |
| Net interest margin | 3.20% (p47 of band) | 3.26% |
| Efficiency ratio | 70.95% (p55 of band) | |
| Noncurrent loans | 0.00% (p12 of band) | 0.28% |
| Net charge-offs (annualized) | 0.12% (p91 of band) | |
| Reserve coverage of noncurrent | – | |
| Real estate % of loans | 57% | |
| Construction % of loans | 0.00% (p8 of band) | |
| Auto loans | $955,000 (2.60% of loans; DQ 0.00%, NCO 0.00%) | |
| Loans to nondepository financials | $0 (0% of equity) (p48 of band) | |
| Deposits YoY | 9.2% | |
| Employees | 12 | |

## Flags firing in the latest filing

- **charge-offs p90** (`aq_nco`)

## 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 | 1 | capital falling |  |
| 2012-06 | 0 |  | capital falling |
| 2012-09 | 0 |  |  |
| 2012-12 | 0 |  |  |
| 2013-03 | 1 | capital falling |  |
| 2013-06 | 0 |  | capital falling |
| 2013-09 | 0 |  |  |
| 2013-12 | 0 |  |  |
| 2014-03 | 1 | capital falling |  |
| 2014-06 | 0 |  | capital falling |
| 2014-09 | 2 | deposits shrinking, uninsured deposits leaving |  |
| 2014-12 | 0 |  | deposits shrinking, uninsured deposits leaving |
| 2015-03 | 0 |  |  |
| 2015-06 | 2 | deposits shrinking, uninsured deposits leaving |  |
| 2015-09 | 0 |  | deposits shrinking, uninsured deposits leaving |
| 2015-12 | 0 |  |  |
| 2016-03 | 1 | uninsured deposits leaving |  |
| 2016-06 | 0 |  | uninsured deposits leaving |
| 2016-09 | 2 | reserve under noncurrent, uninsured deposits leaving |  |
| 2016-12 | 0 |  | reserve under noncurrent, uninsured deposits leaving |
| 2017-03 | 2 | capital falling, reserve under noncurrent |  |
| 2017-06 | 2 | noncurrent p90 | capital falling |
| 2017-09 | 0 |  | reserve under noncurrent, noncurrent p90 |
| 2017-12 | 0 |  |  |
| 2018-03 | 2 | noncurrent p90, reserve under noncurrent |  |
| 2018-06 | 3 | charge-offs p90 |  |
| 2018-09 | 3 |  |  |
| 2018-12 | 2 |  | noncurrent p90 |
| 2019-03 | 3 | capital falling |  |
| 2019-06 | 1 |  | reserve under noncurrent, capital falling |
| 2019-09 | 2 | reserve under noncurrent |  |
| 2019-12 | 0 |  | charge-offs p90, reserve under noncurrent |
| 2020-03 | 0 |  |  |
| 2020-06 | 0 |  |  |
| 2020-09 | 0 |  |  |
| 2020-12 | 1 | capital falling |  |
| 2021-03 | 2 | charge-offs p90 |  |
| 2021-06 | 1 |  | capital falling |
| 2021-09 | 0 |  | charge-offs p90 |
| 2021-12 | 1 | charge-offs p90 |  |

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

- 2019-01-16 [First Bank Building purchased by Michigan firm - South Bend Tribune](https://news.google.com/rss/articles/CBMitwFBVV95cUxQazRNSVFBUUJyTmZ2OF9tcjIyeXFjeHowTUluVUM3aU9FSTY4aHFObHZNQUFBbVdXRU9lNGZXUXl3UU9ST2sxNFNRdDRPclpLeXY4UDJPaHpCMEItWTJxd1JYVFRTRUZSZTJmRkhsYUc3VFFJcXJLQW5NcG9VSl9sTzkyWkJwVVRQZ0VMcVp4am9weVR2NWdCVzN0MkpEM0pPTG5jWXZ3Nkp5bmRTNkF5bzlub3pyY1k?oc=5) · South Bend Tribune
- 2020-03-09 [Prairie Business Magazine announces its '25 Top Women in Business' for 2020 - InForum](https://news.google.com/rss/articles/CBMiqgFBVV95cUxPLU1zQlZRc0tKV0VpbkdOdjZvT3FBQXpiVXAyeXpVRnBiVFdwNDdWMXllYWQxb0VSc1NUaWNUMUdTVDhfakE0TUt0TGRydXhPX2FnVkxJSmNQeTJoMWM1VXdwbkZ5OTl0S2syTjUxU0NBMmF3b1EtOE9samRiRHpEOGpidTZ6bFhfdjF5QldlNkwybmRVY3pLbjZCQjJwcVR2UEJzel8wcE83UQ?oc=5) · InForum
- 2015-03-29 [David Nordquist Obituary (2015) - Washburn, ND - The Bismarck Tribune - legacy.com](https://news.google.com/rss/articles/CBMimgFBVV95cUxPUjZlMjBEd1hVRzl4VGoyVE5vc2xmOGVlRmRFNGNQZ1owaU9QVjlwRk9DOXJfNm5HaGk1dnNVN2YwcFVhcTE1cjNMZi1NMVFxZlV1MTlILUlGZk5IWXpyR29maEt4QWxrWUJHSEU0SEhJMHZZLUkzczg1MDV0NXg5MFFCa1NFZDdHcTRDSGRPWGcteXpVSVlhUmxR?oc=5) · legacy.com

## How to verify

- Page: https://getbookiq.com/bank-desk/#bank=9122 (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/34.json (key "9122", 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