# HOME STATE BANK
LITCHFIELD, MN · FDIC certificate 9745 · asset band <$300M · latest filing 2026-06 · live

**Verdict on the desk:** this could be *run candidate*. 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 | $218.9M | |
| Deposits | $194.3M | |
| Loans and leases | $122.2M | |
| Total equity | $17.3M | |
| Loans / deposits | 62.18% (p33 of band) | 73.59% |
| Liquid assets / assets | 40.58% (p64 of band) | |
| Uninsured deposits / deposits | 16.49% (p37 of band) | 19.81% |
| Brokered deposits | 0.00% | |
| Wholesale funding | 2.56% (p62 of band) | |
| FHLB advances / assets | 0.00% | |
| Tier 1 leverage | 11.81% (p51 of band) | 11.76% |
| Unrealized securities loss / equity | -55.34% (p5 of band) | -6.57% |
| AOCI / equity | -0.40% (p49 of band) | |
| ROA (annualized) | 1.18% (p51 of band) | 1.17% |
| Net interest margin | 3.97% (p52 of band) | 3.93% |
| Efficiency ratio | 70.52% (p61 of band) | |
| Noncurrent loans | 0.08% (p33 of band) | 0.36% |
| Net charge-offs (annualized) | 0.06% (p82 of band) | |
| Reserve coverage of noncurrent | 1397.00% | |
| Real estate % of loans | 72% | |
| Construction % of loans | 16.91% (p49 of band) | |
| Auto loans | $2.0M (1.61% of loans; DQ 0.56%, NCO 0.00%) | |
| Loans to nondepository financials | $0 (0% of equity) (p48 of band) | |
| Deposits YoY | 8.7% | |
| Employees | 41 | |

## Flags firing in the latest filing

- **securities losses >30% of equity** (`cap_secloss`)

## Warning timeline

| Quarter | Score | Flags that first fired | Flags that cleared |
|---|---|---|---|
| 2011-03 | 2 | wholesale funding >15%, reserve under noncurrent |  |
| 2011-06 | 1 |  | reserve under noncurrent |
| 2011-09 | 0 |  | wholesale funding >15% |
| 2011-12 | 1 | capital falling |  |
| 2012-03 | 1 |  |  |
| 2012-06 | 0 |  | capital falling |
| 2012-09 | 0 |  |  |
| 2012-12 | 1 | capital falling |  |
| 2013-03 | 1 |  |  |
| 2013-06 | 0 |  | capital falling |
| 2013-09 | 0 |  |  |
| 2013-12 | 0 |  |  |
| 2014-03 | 1 | capital falling |  |
| 2014-06 | 0 |  | capital falling |
| 2014-09 | 0 |  |  |
| 2014-12 | 0 |  |  |
| 2015-03 | 0 |  |  |
| 2015-06 | 0 |  |  |
| 2015-09 | 0 |  |  |
| 2015-12 | 0 |  |  |
| 2016-03 | 0 |  |  |
| 2016-06 | 0 |  |  |
| 2016-09 | 1 | capital falling |  |
| 2016-12 | 1 |  |  |
| 2017-03 | 0 |  | capital falling |
| 2017-06 | 0 |  |  |
| 2017-09 | 0 |  |  |
| 2017-12 | 0 |  |  |
| 2018-03 | 0 |  |  |
| 2018-06 | 1 | capital falling |  |
| 2018-09 | 1 |  |  |
| 2018-12 | 1 |  |  |
| 2019-03 | 0 |  | capital falling |
| 2019-06 | 0 |  |  |
| 2019-09 | 0 |  |  |
| 2019-12 | 0 |  |  |
| 2020-03 | 1 | capital falling |  |
| 2020-06 | 1 |  |  |
| 2020-09 | 1 |  |  |
| 2020-12 | 0 |  | capital falling |
| 2021-03 | 0 |  |  |
| 2021-06 | 1 | capital falling |  |
| 2021-09 | 0 |  | capital falling |
| 2021-12 | 0 |  |  |
| 2022-03 | 3 | capital falling, AOCI drag >20% of equity, securities losses >30% of equity |  |
| 2022-06 | 2 |  | capital falling |
| 2022-09 | 5 | noncurrent p90, reserve under noncurrent, construction >100% equity |  |
| 2022-12 | 4 | assets shrinking | noncurrent p90, reserve under noncurrent |
| 2023-03 | 4 | deposits shrinking, uninsured deposits leaving | AOCI drag >20% of equity, construction >100% equity |
| 2023-06 | 3 |  | assets shrinking |
| 2023-09 | 5 | AOCI drag >20% of equity, construction >100% equity |  |
| 2023-12 | 3 |  | AOCI drag >20% of equity, construction >100% equity |
| 2024-03 | 1 |  | deposits shrinking, uninsured deposits leaving |
| 2024-06 | 2 | AOCI drag >20% of equity |  |
| 2024-09 | 1 |  | AOCI drag >20% of equity |
| 2024-12 | 1 |  |  |
| 2025-03 | 1 |  |  |
| 2025-06 | 1 |  |  |
| 2025-09 | 1 |  |  |
| 2025-12 | 1 |  |  |
| 2026-03 | 1 |  |  |
| 2026-06 | 1 |  |  |

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

- 2026-04-08 [Home State Bank celebrating 100 years in business - West Central Tribune](https://news.google.com/rss/articles/CBMiiwFBVV95cUxQamlmNGFiS3hFS3YzdVVJbG93MlRMTHVReFEtbGtidFpBckdJNlFSVVVKdXQySV91THczNWc4SnNJM2JDNl9PVkN5eVpzcEpqcE1Cc3I3cWhYRUkzRThFZWgxYUEzNUpwbWlqTWtjcjJSUlhmQ05KMjdhelVMTkFOcXBYZU42WWN5LUxF?oc=5) · West Central Tribune
- 2026-07-03 [A posse and 'a plucky girl in a holdup': The wild early days of banking in Minnesota - InForum](https://news.google.com/rss/articles/CBMivAFBVV95cUxQVWNzUFM5Nmd1ZVJVZFNKb1l3SHdqMWU0dzNqbHFMM2YzbUR6OUpKUS13eUVXT0RVTzREZmQtaVB2bEtzWUt4Z0JmOGFNMTNMOWpPZGJqWDZDQ1FNenVnZnNjMHNzbktDdDRvVGNrS1BEcEc4b3N6eXl2aEVKaVh3UGx1S1JSU2Z6Y0Q1YzBRQnpGelJlSUZUZ3dmN2NmYTJ6bkhRX0t0akI4LUJFaHRtNXFfc280VkdaWmo3WQ?oc=5) · InForum
- 2026-04-08 [Home State Bank organizes 100 years ago in Kandiyohi - West Central Tribune](https://news.google.com/rss/articles/CBMijwFBVV95cUxPR2dHYnhSWS1lcE8zT1ZpN1cyRnFha1JzX2dBSnNlc08yV0RuejB5ZzBVeFQ1WXNJaDIzSE9TOFFXTFNiOXhDX2l0b2VEYVhuT1Z2LXItRVd1dXVOSzdZVG1Md21RZXhjT2VkSk9QQ0xTTmtEMkZrTk1GZHdMbkVxRFdydzZwNEpxSWV2aHFRTQ?oc=5) · West Central Tribune
- 2026-05-23 [Behm family tells of journey into banking as Home State Bank marks 100 years - West Central Tribune](https://news.google.com/rss/articles/CBMirwFBVV95cUxPSk9DejBNVGFfV1hNcWJQN2h5RVpyWVN2cG5NZW9DODczWDV0VWZCcTJySU9rVzJySkU4Ynp1UnJEeDhfdHFoWjBIVXpIYlgxQ1kxbnp1ZnhMeWtaSDVob0k3YTJneExDUTV6Y2M4WU80TWd4bUpnNkdvaTkzaThtazBKd0lGNjYtd09wOWZYU3BjcXFoU195VXN3cDliYjlCUzU4NGI2MFlIUVM2SG1v?oc=5) · West Central Tribune
- 2011-06-08 [Home State Bank to open Longmont branch - Longmont Times-Call](https://news.google.com/rss/articles/CBMiT0FVX3lxTFBXZE5CeDQ0aW80aEF2empVZ1NqVGZxT0NROWlXdjdGR2RNSjA3ekJLbl83Mkx6cTVZcUVnQUt3QkJRaDJ0dHF1YmVwU2Vqb2s?oc=5) · Longmont Times-Call
- 2015-04-28 [Janice Iverson Obituary Apr 28, 2015 - Peterson Brothers Funeral Home](https://news.google.com/rss/articles/CBMiakFVX3lxTE1jNkxSRnlTR0FtTHU1cGtHS0JIQjR3SmJsWVdVRnhtRTRIakVGaTRHbWxVcm90U0JqX2N6WW9nb0dJNnI3SFY2WEJBeGVyaFloTHBEd21CREpRTXBjdHFrQWlRQUZXVnAybmc?oc=5) · Peterson Brothers Funeral Home
- 2023-06-24 [Historian gathering stories of west central Minnesota leadership in Farm Crisis protests in 1980s - West Central Tribune](https://news.google.com/rss/articles/CBMiywFBVV95cUxOS1VJaG1kWXlBZW1DVHFqUW5sX1NoZ1NRRnNhdWJyYzNxTW5HLTFLcGFpMGFlU2c3OEpQTFltQ2VTY0k5NDdNejZvdFByRUdnR3VLUlZjUGlocmJVbkRuNlBKZ1pWWHdsOHlnRldiWlpZWTJManpXOGpqeEpYdTk0YjN5QU5laXFKcUVaRUVkRE1VLXpSck1rUEU4UXFvM0o2VG5iVFZ4ZlJXWUk5LTc1Tm1OcnkweUI4aF9OOU1QTUVTTmtQOGNyeTh6Yw?oc=5) · West Central Tribune
- 2023-04-22 [Willmar Ten Investors turning blight into tax-generating properties for more than 40 years - West Central Tribune](https://news.google.com/rss/articles/CBMiwgFBVV95cUxNZ2ZmTlZuU3BlbXV2anN5ODBKYmxxeEZYRUx6T3ZJUVNseTRUa1NNYlU3V2V0RUducG9GNE40TDJYZFNRVVVtQVdkUDZZdTA2UjQtLUZ4LV9SNWN2MzJyYVdTNm8yN2VUWFJ0OXJuc1hFc3FMY1ViRnNYMEZwaWJ3MzBpTkhnRkUtdGlvX0UyUVRiTUl4VlBaeFllUGstaVNKTXF4ZTVjV3JDNFAtdGluekgzc3ZYd3FITUs2NVY4d0ZoZw?oc=5) · West Central Tribune

## How to verify

- Page: https://getbookiq.com/bank-desk/#bank=9745 (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/17.json (key "9745", 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