# BANK OF CHESTNUT
CHESTNUT, IL · FDIC certificate 10885 · asset band <$300M · latest filing 2023-03 · stopped filing (departed)

**Verdict on the desk:** this could be *run candidate*. Composite score 5 (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 | $21.1M | |
| Deposits | $19.7M | |
| Loans and leases | $12.5M | |
| Total equity | $1.4M | |
| Loans / deposits | 62.99% (p45 of band) | 65.77% |
| Liquid assets / assets | 38.86% (p51 of band) | |
| Uninsured deposits / deposits | 2.34% (p1 of band) | 19.70% |
| Brokered deposits | 0.00% | |
| Wholesale funding | 0.00% (p21 of band) | |
| FHLB advances / assets | 0.00% | |
| Tier 1 leverage | 8.68% (p13 of band) | 10.97% |
| Unrealized securities loss / equity | -55.74% (p18 of band) | -19.70% |
| AOCI / equity | 0.35% (p27 of band) | |
| ROA (annualized) | 1.22% (p62 of band) | 1.01% |
| Net interest margin | 4.17% (p76 of band) | 3.56% |
| Efficiency ratio | 63.03% (p39 of band) | |
| Noncurrent loans | 0.78% (p76 of band) | 0.18% |
| Net charge-offs (annualized) | 0.00% (p49 of band) | |
| Reserve coverage of noncurrent | 90.82% | |
| Real estate % of loans | 70% | |
| Construction % of loans | 0.00% (p8 of band) | |
| Auto loans | $1.4M (10.88% of loans; DQ 2.13%, NCO 0.00%) | |
| Loans to nondepository financials | $0 (0% of equity) (p48 of band) | |
| Deposits YoY | -16.7% | |
| Employees | 5 | |

## Flags firing in the latest filing

- **securities losses >30% of equity** (`cap_secloss`)
- **reserve under noncurrent** (`aq_reserve`)
- **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 | 0 |  |  |
| 2011-06 | 0 |  |  |
| 2011-09 | 0 |  |  |
| 2011-12 | 0 |  |  |
| 2012-03 | 2 | capital falling, uninsured deposits leaving |  |
| 2012-06 | 2 | reserve under noncurrent | capital falling |
| 2012-09 | 1 |  | reserve under noncurrent |
| 2012-12 | 0 |  | uninsured deposits leaving |
| 2013-03 | 1 | uninsured deposits leaving |  |
| 2013-06 | 2 | assets shrinking |  |
| 2013-09 | 0 |  | uninsured deposits leaving, assets shrinking |
| 2013-12 | 0 |  |  |
| 2014-03 | 1 | capital falling |  |
| 2014-06 | 0 |  | capital falling |
| 2014-09 | 4 | noncurrent p90, reserve under noncurrent, deposits shrinking, uninsured deposits leaving |  |
| 2014-12 | 4 |  |  |
| 2015-03 | 3 | capital falling | deposits shrinking, uninsured deposits leaving |
| 2015-06 | 3 | charge-offs p90 | capital falling |
| 2015-09 | 3 |  |  |
| 2015-12 | 4 | capital falling |  |
| 2016-03 | 1 |  | noncurrent p90, charge-offs p90, capital falling |
| 2016-06 | 1 |  |  |
| 2016-09 | 1 |  |  |
| 2016-12 | 2 | capital falling |  |
| 2017-03 | 3 | uninsured deposits leaving |  |
| 2017-06 | 1 |  | capital falling, uninsured deposits leaving |
| 2017-09 | 3 | losing money, expense ratio p90 |  |
| 2017-12 | 4 | capital falling |  |
| 2018-03 | 1 |  | losing money, expense ratio p90, capital falling |
| 2018-06 | 2 | assets shrinking |  |
| 2018-09 | 3 | noncurrent p90, uninsured deposits leaving | assets shrinking |
| 2018-12 | 3 |  |  |
| 2019-03 | 4 | charge-offs p90 |  |
| 2019-06 | 1 |  | noncurrent p90, uninsured deposits leaving, charge-offs p90 |
| 2019-09 | 1 |  |  |
| 2019-12 | 2 | charge-offs p90 |  |
| 2020-03 | 1 |  | charge-offs p90 |
| 2020-06 | 1 |  |  |
| 2020-09 | 3 | expense ratio p90, uninsured deposits leaving |  |
| 2020-12 | 1 |  | expense ratio p90, uninsured deposits leaving |
| 2021-03 | 3 | losing money, expense ratio p90 |  |
| 2021-06 | 1 | uninsured deposits leaving | reserve under noncurrent, losing money, expense ratio p90 |
| 2021-09 | 0 |  | uninsured deposits leaving |
| 2021-12 | 0 |  |  |
| 2022-03 | 2 | charge-offs p90, reserve under noncurrent |  |
| 2022-06 | 4 | AOCI drag >20% of equity, securities losses >30% of equity |  |
| 2022-09 | 4 |  |  |
| 2022-12 | 7 | expense ratio p90, deposits shrinking, uninsured deposits leaving |  |
| 2023-03 | 5 | assets shrinking | charge-offs p90, AOCI drag >20% of equity, expense ratio p90 |

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

- 2022-09-24 [Dennis Lee Ferris Obituary Sep 24, 2022 - lawjonesfuneralhome.com](https://news.google.com/rss/articles/CBMibEFVX3lxTE96WFJqdC1oVEtoUTdRcWwwSXBMLXAzRmh0VXZiaWwzZVRxNEpFdUpZcWNrUUY0Ymo5cUNFbkdLZkZReVlOZDRibFdfZ3E2ZERRR3ZMa05jV1NDNWhuVWpOREtYZzBwaGxCU09oLQ?oc=5) · lawjonesfuneralhome.com

## How to verify

- Page: https://getbookiq.com/bank-desk/#bank=10885 (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 "10885", 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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