# FIRST STATE BANK OF MURDOCK
MURDOCK, MN · FDIC certificate 9734 · asset band <$300M · latest filing 2013-03 · stopped filing (departed)

**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 | $11.1M | |
| Deposits | $10.1M | |
| Loans and leases | $4.3M | |
| Total equity | $1.0M | |
| Loans / deposits | 42.15% (p14 of band) | 66.54% |
| Liquid assets / assets | 54.98% (p81 of band) | |
| Uninsured deposits / deposits | 2.00% (p5 of band) | 11.77% |
| Brokered deposits | 0.00% | |
| Wholesale funding | 0.00% (p19 of band) | |
| FHLB advances / assets | 0.00% | |
| Tier 1 leverage | 8.47% (p19 of band) | 10.04% |
| Unrealized securities loss / equity | 0.10% (p18 of band) | 2.48% |
| AOCI / equity | 0.20% (p94 of band) | |
| ROA (annualized) | 0.04% (p11 of band) | 0.72% |
| Net interest margin | 3.15% (p28 of band) | 3.55% |
| Efficiency ratio | 98.88% (p90 of band) | |
| Noncurrent loans | 0.92% (p43 of band) | 1.19% |
| Net charge-offs (annualized) | 0.00% (p40 of band) | |
| Reserve coverage of noncurrent | 150.00% | |
| Real estate % of loans | 63% | |
| Construction % of loans | 0.00% (p7 of band) | |
| Auto loans | $88,000 (2.03% of loans; DQ 1.14%, NCO 0.00%) | |
| Loans to nondepository financials | $0 (0% of equity) (p48 of band) | |
| Deposits YoY | 14.2% | |
| Employees | 4 | |

## Flags firing in the latest filing

- none

## Warning timeline

| Quarter | Score | Flags that first fired | Flags that cleared |
|---|---|---|---|
| 2011-03 | 2 | losing money, expense ratio p90 |  |
| 2011-06 | 2 |  |  |
| 2011-09 | 0 |  | losing money, expense ratio p90 |
| 2011-12 | 3 | capital falling, losing money, expense ratio p90 |  |
| 2012-03 | 3 |  |  |
| 2012-06 | 2 |  | capital falling |
| 2012-09 | 0 |  | losing money, expense ratio p90 |
| 2012-12 | 2 | losing money, NIM <2.5% |  |
| 2013-03 | 0 |  | losing money, NIM <2.5% |

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

- 2021-12-14 [Richard Leonard Collins Obituary Dec 14, 2021 - Anderson TeBeest Funeral Home](https://news.google.com/rss/articles/CBMiakFVX3lxTE41SF9zU29rNzRDeHVzMDByRnRUdEZYVDJ1X2oxd1REMTJwQ1BfZWJqUkRtTzkwRHhxVTZSNUdIV1IwcXBfT0o3NVRCWVdIWlJ3OEx5Y2RWRW5iRXY1ZTllbm9nOHZaUzE4S3c?oc=5) · Anderson TeBeest Funeral Home
- 2018-07-20 [Constance "Connie" Fragodt Obituary Jul 20, 2018 - Anderson TeBeest Funeral Home](https://news.google.com/rss/articles/CBMiX0FVX3lxTE5YY3pGRWpyX2dhSk1HekZBMVZGOVZwUE55R3RBbGloUDhQZW9KeVYtS1J1QkFGTDZGQWc0cjUycUNwOTE0VGtNazFVMGFfN0tvclRBWnh1TnNMeE5Oalln?oc=5) · Anderson TeBeest Funeral Home

## How to verify

- Page: https://getbookiq.com/bank-desk/#bank=9734 (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/6.json (key "9734", 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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