# SIMPLYBANK
DAYTON, TN · FDIC certificate 10693 · asset band $300M-1B · latest filing 2024-06 · stopped filing (departed)

**Verdict on the desk:** this could be *credit-stressed*. 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 | $683.0M | |
| Deposits | $619.3M | |
| Loans and leases | $481.5M | |
| Total equity | $48.5M | |
| Loans / deposits | 76.66% (p39 of band) | 81.72% |
| Liquid assets / assets | 26.22% (p52 of band) | |
| Uninsured deposits / deposits | 12.14% (p9 of band) | 24.65% |
| Brokered deposits | 6.01% | |
| Wholesale funding | 6.33% (p50 of band) | |
| FHLB advances / assets | 0.31% | |
| Tier 1 leverage | 8.34% (p7 of band) | 10.35% |
| Unrealized securities loss / equity | -23.63% (p41 of band) | -17.47% |
| AOCI / equity | -1.76% (p19 of band) | |
| ROA (annualized) | -3.11% (p0 of band) | 0.93% |
| Net interest margin | 4.09% (p82 of band) | 3.35% |
| Efficiency ratio | 165.56% (p100 of band) | |
| Noncurrent loans | 0.76% (p75 of band) | 0.28% |
| Net charge-offs (annualized) | 0.04% (p75 of band) | |
| Reserve coverage of noncurrent | 182.97% | |
| Real estate % of loans | 86% | |
| Construction % of loans | 127.89% (p91 of band) | |
| Auto loans | $1.4M (0.29% of loans; DQ 0.00%, NCO 0.00%) | |
| Loans to nondepository financials | $0 (0% of equity) (p45 of band) | |
| Deposits YoY | 1.4% | |
| Employees | 100 | |

## Flags firing in the latest filing

- **losing money** (`earn_negative`)
- **expense ratio p90** (`earn_efficiency`)
- **construction >100% equity** (`conc_construction`)

## Warning timeline

| Quarter | Score | Flags that first fired | Flags that cleared |
|---|---|---|---|
| 2011-03 | 2 | reserve under noncurrent, construction >100% equity |  |
| 2011-06 | 2 |  |  |
| 2011-09 | 2 |  |  |
| 2011-12 | 2 |  |  |
| 2012-03 | 4 | charge-offs p90, uninsured deposits leaving |  |
| 2012-06 | 2 |  | charge-offs p90, uninsured deposits leaving |
| 2012-09 | 2 |  |  |
| 2012-12 | 2 |  |  |
| 2013-03 | 2 |  |  |
| 2013-06 | 2 |  |  |
| 2013-09 | 2 |  |  |
| 2013-12 | 2 |  |  |
| 2014-03 | 2 |  |  |
| 2014-06 | 2 |  |  |
| 2014-09 | 3 | capital falling |  |
| 2014-12 | 2 |  | capital falling |
| 2015-03 | 1 |  | construction >100% equity |
| 2015-06 | 2 | noncurrent p90 |  |
| 2015-09 | 5 | loans exceed deposits, capital falling, construction >100% equity |  |
| 2015-12 | 5 |  |  |
| 2016-03 | 6 | charge-offs p90 |  |
| 2016-06 | 5 |  | capital falling |
| 2016-09 | 4 |  | construction >100% equity |
| 2016-12 | 4 |  |  |
| 2017-03 | 2 |  | loans exceed deposits, charge-offs p90 |
| 2017-06 | 2 |  |  |
| 2017-09 | 2 |  |  |
| 2017-12 | 3 | construction >100% equity |  |
| 2018-03 | 2 |  | noncurrent p90 |
| 2018-06 | 2 |  |  |
| 2018-09 | 3 | capital falling |  |
| 2018-12 | 3 |  |  |
| 2019-03 | 3 |  |  |
| 2019-06 | 2 |  | reserve under noncurrent |
| 2019-09 | 4 | expense ratio p90, reserve under noncurrent |  |
| 2019-12 | 1 |  | capital falling, expense ratio p90, reserve under noncurrent |
| 2020-03 | 2 | reserve under noncurrent |  |
| 2020-06 | 3 | capital falling |  |
| 2020-09 | 3 |  |  |
| 2020-12 | 3 |  |  |
| 2021-03 | 4 | expense ratio p90, noncurrent p90, charge-offs p90 | construction >100% equity, capital falling |
| 2021-06 | 3 |  | charge-offs p90 |
| 2021-09 | 5 | charge-offs p90, construction >100% equity |  |
| 2021-12 | 6 | capital falling |  |
| 2022-03 | 3 |  | expense ratio p90, noncurrent p90, capital falling |
| 2022-06 | 4 | AOCI drag >20% of equity |  |
| 2022-09 | 3 |  | reserve under noncurrent |
| 2022-12 | 3 | deposits shrinking | charge-offs p90 |
| 2023-03 | 2 |  | AOCI drag >20% of equity |
| 2023-06 | 3 | uninsured deposits leaving |  |
| 2023-09 | 2 |  | deposits shrinking |
| 2023-12 | 1 |  | uninsured deposits leaving |
| 2024-03 | 1 |  |  |
| 2024-06 | 3 | losing money, expense ratio p90 |  |

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

- 2023-11-16 [First Financial buys SimplyBank to expand in Southeast - Banking Dive](https://news.google.com/rss/articles/CBMilwFBVV95cUxQdG1LWGFpSnV3dTlpR0szUWhYTXNKcnl1b1kwci00Y0Jac084VVZ1NlJQUjZER0drMUFSUzRLZmptamRuVDZKbktmQThvX3lHU0pWQkwxbVdXa19xVkZTR042T1lkT0VxUFpIOUo2VzJ2bUZRYTF2R1gxMG5fZkk5WjlhbmE3MTMtN0pBc0pucE5HU2F6cm9V?oc=5) · Banking Dive
- 2023-11-20 [First Financial Bank to buy Chattanooga area's SimplyBank - Chattanooga Times Free Press](https://news.google.com/rss/articles/CBMinwFBVV95cUxOdFJIOU9lRjY0NHFNU1lJMUY5Skg2ZE9fZzhKV21MSjA4OUFVcWhuR0ZyX1pnRFJlOFlvVlltU1k2Nl9QRW9Rb0U3b3NoYmlxSnR5Q3RlU2pfbHlHS3cwZXBfazlla0NKVTBBWG5ZVVZ4Vng4WFJqYVZ3YnB5a1FNbGh0VjFKOHB3NzZBXzlyNDRXVERoQ0RhZFhRNzNPNFE?oc=5) · Chattanooga Times Free Press
- 2023-11-14 [First Financial to acquire Tennessee bank for $73M - Inside INdiana Business](https://news.google.com/rss/articles/CBMinAFBVV95cUxNTGsyYXByeUhqYThBQlkxUURJN2lTRGdCQUhKQmFaYm1BOXRwaEFKdG1pNmstXzBvWnZ2dVE2TnM2LWNobG9jY0ZFVldLVVBwdTRObGtOWVRkU21SRnlnbUMzYzhzTjhFSUZHRFhlMHFLbUFCR0dWV3dwTWNESlVXWUZsaUVKMGtPMUFMaHZubFhVOGtQaEpEVmJHUnc?oc=5) · Inside INdiana Business
- 2023-11-21 [First Financial Bank To Acquire SimplyBank - Chattanoogan.com Breaking News](https://news.google.com/rss/articles/CBMimgFBVV95cUxQN3U5dW5YU2E1bXFyQVRtcTM5OXNwX09VUW9qNklKQXdnWnVZeGQ1TUJNLTY1VHU3Z3p0bVpta3V1VVlIUlJSNXFKU3BBOWZhU0MxckVEZjQ3c0RqQzJWOVU2TGZvODdNZjE3aXNtbHRhc3Rod0d0TkFPTnYtMUFrWGU0MmZZdTZtZXVvSnpuVGhuSG9yTExXVGpB?oc=5) · Chattanoogan.com Breaking News
- 2024-07-03 [First Financial completes acquisition of SimplyBank for $73.4M - Investing.com](https://news.google.com/rss/articles/CBMiuAFBVV95cUxPRXo5cmF6cDBGYVdEcTRwaEpROWNMeGRCLUdpVnNNal83M3dvUm9uU0ZIdzVFa3lFQlVtX21NajBMMmdvU1ZXVFM3dmRUX2dyTDE5RVVWbmVpQlBNOE40ZzBBLVR0aU03d3V3a0VpYzRGd2V0T3NZRWtZUVBJdGxJNG1oLXljV3BzVFlZMGV0OTlsanNtcVBvMUtwMGZqd2ZDNEJ4akZDS2lic1VpMm91aTk4V3g1T2Nw?oc=5) · Investing.com
- 2023-11-13 [First Financial Corporation and SimplyBank Sign Merger Agreement - GlobeNewswire](https://news.google.com/rss/articles/CBMi0gFBVV95cUxNbC12U1daUFVXQmRhV1FWak5PSmRKVWVxVFZscjBGaVA4X3BoREZ1UExoMGJfQ1RTQnNvV2VjVEtwWV96Y1BuNldELVFNcWlvektjOVZ3Y05xaDBFZXlHUzVTSVEtTGlKYjIwblcxQXBVeWhXbS1fV0FlYk8wNFlkWllDdm1nanpSMktPZnZ5UjRiX01PU0dRR0dnYVRmUzRzWGFGUTZnWEI3Wl9KRE9YaDB4STlTV0N0eTFBTDlGRll6YXpTSjhYblVwZlREaTAtV2c?oc=5) · GlobeNewswire
- 2019-08-01 [The Brand: SimplyBank - Chattanooga Times Free Press](https://news.google.com/rss/articles/CBMic0FVX3lxTFBLWVRrczMtT0FybC05VURMbGRfSVlUVmIxTEQ2ZWxTX1pRVFB0dnk4X1dzdTlHN1BvV2p0emNhTGNjeGsyYnlHTjFBcURLQnZ6azNTelFGc0tNaTNsb2xfMUZxa3lMbWpiWWNtNnNIQzlyUHM?oc=5) · Chattanooga Times Free Press
- 2022-01-19 [Cara Roberson Named President of SimplyBank - Chattanoogan.com Breaking News](https://news.google.com/rss/articles/CBMimgFBVV95cUxNZl9uOTNvZzRILWc4enRqRkZUdXhYTGFFcVc4VkMyUjJvS2ZyMG9hZS0wUG9sMzFZclJiYm5EcUZHTlRoSkNEX3NPVXA1eW05aHVEVEIxclRYS2VLMEEzTnhyaUpCTnlNNVQxVW1tVzJOekFING0tQTlRZTFiNVBwcllsS0NGS1BTWnNSZkg3ZG02akVXckd6YnJB?oc=5) · Chattanoogan.com Breaking News

## How to verify

- Page: https://getbookiq.com/bank-desk/#bank=10693 (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/5.json (key "10693", 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