# PEOPLES STATE BANK
SUMMIT, SD · FDIC certificate 9950 · asset band <$300M · latest filing 2018-09 · stopped filing (departed)

**Verdict on the desk:** this could be *credit-stressed*. Composite score 4 (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 | $74.2M | |
| Deposits | $62.1M | |
| Loans and leases | $58.0M | |
| Total equity | $8.1M | |
| Loans / deposits | 92.11% (p77 of band) | 78.40% |
| Liquid assets / assets | 18.65% (p24 of band) | |
| Uninsured deposits / deposits | 23.75% (p80 of band) | 15.34% |
| Brokered deposits | 12.71% | |
| Wholesale funding | 17.77% (p94 of band) | |
| FHLB advances / assets | 5.05% | |
| Tier 1 leverage | 11.15% (p47 of band) | 11.34% |
| Unrealized securities loss / equity | -3.17% (p50 of band) | -3.15% |
| AOCI / equity | -2.47% (p40 of band) | |
| ROA (annualized) | 2.71% (p97 of band) | 1.02% |
| Net interest margin | 4.89% (p94 of band) | 3.82% |
| Efficiency ratio | 38.33% (p1 of band) | |
| Noncurrent loans | 3.72% (p95 of band) | 0.57% |
| Net charge-offs (annualized) | 0.01% (p54 of band) | |
| Reserve coverage of noncurrent | 36.89% | |
| Real estate % of loans | 23% | |
| Construction % of loans | 0.00% (p7 of band) | |
| Auto loans | $1.3M (2.30% of loans; DQ 0.38%, NCO 0.02%) | |
| Loans to nondepository financials | $0 (0% of equity) (p48 of band) | |
| Deposits YoY | 2.0% | |
| Employees | 12 | |

## Flags firing in the latest filing

- **brokered >10%** (`liq_brokered`)
- **wholesale funding >15%** (`liq_wholesale`)
- **noncurrent p90** (`aq_noncurrent`)
- **reserve under noncurrent** (`aq_reserve`)

## Warning timeline

| Quarter | Score | Flags that first fired | Flags that cleared |
|---|---|---|---|
| 2011-03 | 1 | brokered >10% |  |
| 2011-06 | 1 | reserve under noncurrent | brokered >10% |
| 2011-09 | 0 |  | reserve under noncurrent |
| 2011-12 | 0 |  |  |
| 2012-03 | 0 |  |  |
| 2012-06 | 1 | charge-offs p90 |  |
| 2012-09 | 1 | uninsured deposits leaving | charge-offs p90 |
| 2012-12 | 0 |  | uninsured deposits leaving |
| 2013-03 | 0 |  |  |
| 2013-06 | 0 |  |  |
| 2013-09 | 0 |  |  |
| 2013-12 | 0 |  |  |
| 2014-03 | 2 | brokered >10%, reserve under noncurrent |  |
| 2014-06 | 1 |  | reserve under noncurrent |
| 2014-09 | 1 |  |  |
| 2014-12 | 2 | reserve under noncurrent |  |
| 2015-03 | 4 | noncurrent p90, uninsured deposits leaving |  |
| 2015-06 | 1 |  | reserve under noncurrent, noncurrent p90, uninsured deposits leaving |
| 2015-09 | 1 |  |  |
| 2015-12 | 2 | capital falling |  |
| 2016-03 | 1 |  | capital falling |
| 2016-06 | 4 | noncurrent p90, reserve under noncurrent, uninsured deposits leaving |  |
| 2016-09 | 1 |  | noncurrent p90, reserve under noncurrent, uninsured deposits leaving |
| 2016-12 | 1 |  |  |
| 2017-03 | 2 | capital falling |  |
| 2017-06 | 3 | charge-offs p90 |  |
| 2017-09 | 3 | uninsured deposits leaving | charge-offs p90 |
| 2017-12 | 3 | reserve under noncurrent | capital falling |
| 2018-03 | 3 | wholesale funding >15% | uninsured deposits leaving |
| 2018-06 | 3 |  |  |
| 2018-09 | 4 | noncurrent p90 |  |

## 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 - Lynden Tribune](https://news.google.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?oc=5) · Lynden Tribune
- 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=9950 (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/30.json (key "9950", 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