# VALLEY EXCHANGE BANK
LENNOX, SD · FDIC certificate 9947 · asset band <$300M · latest filing 2023-06 · stopped filing (departed)

**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 | $68.6M | |
| Deposits | $60.1M | |
| Loans and leases | $11.0M | |
| Total equity | $8.4M | |
| Loans / deposits | 18.17% (p5 of band) | 68.34% |
| Liquid assets / assets | 81.29% (p97 of band) | |
| Uninsured deposits / deposits | 9.08% (p12 of band) | 19.21% |
| Brokered deposits | 0.00% | |
| Wholesale funding | 0.00% (p19 of band) | |
| FHLB advances / assets | 0.00% | |
| Tier 1 leverage | 12.02% (p60 of band) | 11.20% |
| Unrealized securities loss / equity | -1.06% (p88 of band) | -21.45% |
| AOCI / equity | 0.54% (p54 of band) | |
| ROA (annualized) | 1.61% (p79 of band) | 0.98% |
| Net interest margin | 5.15% (p94 of band) | 3.56% |
| Efficiency ratio | 54.10% (p19 of band) | |
| Noncurrent loans | 0.28% (p55 of band) | 0.19% |
| Net charge-offs (annualized) | 0.00% (p44 of band) | |
| Reserve coverage of noncurrent | 351.61% | |
| Real estate % of loans | 16% | |
| Construction % of loans | 7.73% (p32 of band) | |
| Auto loans | $222,000 (2.01% of loans; DQ 7.21%, NCO 0.00%) | |
| Loans to nondepository financials | $0 (0% of equity) (p48 of band) | |
| Deposits YoY | -12.9% | |
| Employees | 6 | |

## Flags firing in the latest filing

- **deposits shrinking** (`shrink_deposits`)
- **assets shrinking** (`shrink_assets`)
- **uninsured deposits leaving** (`flight_uninsured`)

## Warning timeline

| Quarter | Score | Flags that first fired | Flags that cleared |
|---|---|---|---|
| 2011-03 | 1 | NIM <2.5% |  |
| 2011-06 | 1 |  |  |
| 2011-09 | 1 |  |  |
| 2011-12 | 1 |  |  |
| 2012-03 | 2 | capital falling |  |
| 2012-06 | 2 |  |  |
| 2012-09 | 1 |  | capital falling |
| 2012-12 | 0 |  | NIM <2.5% |
| 2013-03 | 1 | capital falling |  |
| 2013-06 | 1 |  |  |
| 2013-09 | 1 |  |  |
| 2013-12 | 1 |  |  |
| 2014-03 | 1 | uninsured deposits leaving | capital falling |
| 2014-06 | 1 |  |  |
| 2014-09 | 0 |  | uninsured deposits leaving |
| 2014-12 | 1 | uninsured deposits leaving |  |
| 2015-03 | 1 | capital falling | uninsured deposits leaving |
| 2015-06 | 1 | NIM <2.5% | capital falling |
| 2015-09 | 1 | uninsured deposits leaving | NIM <2.5% |
| 2015-12 | 1 |  |  |
| 2016-03 | 2 | deposits shrinking |  |
| 2016-06 | 2 | capital falling, charge-offs p90 | uninsured deposits leaving, deposits shrinking |
| 2016-09 | 2 | NIM <2.5% | charge-offs p90 |
| 2016-12 | 2 | uninsured deposits leaving | capital falling |
| 2017-03 | 2 |  |  |
| 2017-06 | 2 |  |  |
| 2017-09 | 1 |  | uninsured deposits leaving |
| 2017-12 | 0 |  | NIM <2.5% |
| 2018-03 | 0 |  |  |
| 2018-06 | 2 | deposits shrinking, assets shrinking |  |
| 2018-09 | 1 |  | assets shrinking |
| 2018-12 | 0 |  | deposits shrinking |
| 2019-03 | 0 |  |  |
| 2019-06 | 0 |  |  |
| 2019-09 | 0 |  |  |
| 2019-12 | 1 | capital falling |  |
| 2020-03 | 3 | deposits shrinking, assets shrinking, uninsured deposits leaving | capital falling |
| 2020-06 | 1 |  | deposits shrinking, assets shrinking |
| 2020-09 | 3 | expense ratio p90, NIM <2.5%, reserve under noncurrent | uninsured deposits leaving |
| 2020-12 | 3 | capital falling | expense ratio p90 |
| 2021-03 | 5 | losing money, expense ratio p90 |  |
| 2021-06 | 5 | charge-offs p90 | reserve under noncurrent |
| 2021-09 | 5 |  |  |
| 2021-12 | 5 |  |  |
| 2022-03 | 4 |  | charge-offs p90 |
| 2022-06 | 4 |  |  |
| 2022-09 | 1 |  | capital falling, losing money, expense ratio p90 |
| 2022-12 | 1 |  |  |
| 2023-03 | 0 |  | NIM <2.5% |
| 2023-06 | 3 | deposits shrinking, assets shrinking, uninsured deposits leaving |  |

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

- 2025-06-04 [American Bank & Trust marks opening of 2 branches - SiouxFalls.Business](https://news.google.com/rss/articles/CBMiggFBVV95cUxQcW82NW42Ymh0OGpGcm1vSG03VUs4YVdHV2s1TjZwTzY4ekZlY3lNWVNvN0xYQlN1aERkTlFZR1BObmNGeGJvcFFFNGo5N2FiX21pWmJtNGhXb1gzM054RFBXLW44bGlaR3oxZWpvdHpKZlROSnhodWx5eFAyNW5xb3Rn?oc=5) · SiouxFalls.Business
- 2022-10-17 [Muriel Kay Devries Obituary Oct 17, 2022 - Miller Funeral Home](https://news.google.com/rss/articles/CBMiX0FVX3lxTE1yUzhTOW0xMV9PRFFIdGhOb2RnSExsNm5uZGxDNU9vUWdmeHhxWU5jMmdUcGpJMEJyMnQxLXoyNTBDRzdqRUZfT2hYRVItd3hPcGxVS3p6bUFDWEg3SDBv?oc=5) · Miller Funeral Home
- 2024-09-11 [American Bank & Trust breaks ground on Tea location - SiouxFalls.Business](https://news.google.com/rss/articles/CBMihAFBVV95cUxOd0dma3F4YzZwcmFHQWtqaG1XNXRXRkdhNlNTUjNBa1lQWGVIbmxIOUtzZ3BuOFZiRHItMzViRFFxSkVLNnJLWFp4di1feV9hOEtIcVZWTTNCUU5heEZmS2FwSWV0ZlppOXdzLXd3T3NSeC12c2FLY1hWQ0lFcmcyYVBiS1I?oc=5) · SiouxFalls.Business
- 2026-02-08 [Jeffrey K. Fylling Obituary (2026) - Sioux Falls, SD - Jarman Family Funeral Home - Lennox - legacy.com](https://news.google.com/rss/articles/CBMihAFBVV95cUxQY3ZqZVB1dWg0eFlWSHpISG9tRHQ2MUJDNDdORzdWaWxtaEVNYTBUVDM3b1J6cS1BazNjU0JNd3ltRWVCb0c3bFdIR01YR3FlVFZ0bXZjelQ3eUVZS0o1Qk1Mc0Y4Qm5QaDdkZGVqRTduQmN1VHJKSU95NkVqVXlTM3gySXE?oc=5) · legacy.com
- 2015-08-29 [Banking magnate heir says he can’t repay creditors - Argus Leader](https://news.google.com/rss/articles/CBMiowFBVV95cUxQN2hIWDBPeTIyd05CaFNMcE5mVndiZlUwck5ncG8xUEV6bW9LSXBaTU43TDRocWgxdEdGeXpRcVVYX2JPU1l2a0VGaEp1M3RvMUhzWUJ3bFVleklQOVdGTkxzRkRCWVZyLXJxUzZQOFF4MGFCUEVzaXlBcERMYjROQWh6aDNia2p6MF9OSzhnNERHMmxrN0lPOVVsVDlSVm5LNzQw?oc=5) · Argus Leader
- 2024-05-06 [New CEO details expansion plans for family-owned bank - SiouxFalls.Business](https://news.google.com/rss/articles/CBMiigFBVV95cUxQYW83U2p5a09NRV93M05nbHlDZ3ViUFRSX2Q5Q214TDYyaThlakZnelJ6bENROTh6Wk5vbXAwVlhXVVo2WDc4aVJIcW1yXzdoUzhTV3Y1bTFJOTN4ZjItS2lZdkNCVFdwVkN0bVlPUkVQYTA2RkRsd09ZZzB6TXFtTVgxeUlPTWF3akE?oc=5) · SiouxFalls.Business
- 2010-05-12 [Phyllis Bray Obituary May 13, 2010 - Miller Funeral Home](https://news.google.com/rss/articles/CBMiXEFVX3lxTE1COW9qQ1ZZbWRuSUtVYWg2dGlrNkJNNGNDSVUwaHYwcGNoT1Zaa0JWNThEbnlTSWZLMWs5NlF2WTlseV9UUFd6MFZ3YTRBdHNqSTQzV2cyQmNCTU45?oc=5) · Miller Funeral Home
- 2025-06-10 [Comings & Goings - SiouxFalls.Business](https://news.google.com/rss/articles/CBMiW0FVX3lxTE8yaEN3ZnV0SWFob3ZRcWszeGtadHFRQ1VHaEcxaFhOUnA1cDdaZGdGRnNtRUNVamE4RDBKYXlsRGY2aGdjSEdpZTVWdy00RjdOTTdtT0R3UlJuQTQ?oc=5) · SiouxFalls.Business

## How to verify

- Page: https://getbookiq.com/bank-desk/#bank=9947 (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/27.json (key "9947", 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