# PENINSULA BANK OF ISHPEMING
ISHPEMING, MI · FDIC certificate 11401 · asset band <$300M · latest filing 2014-09 · stopped filing (departed)

**Verdict on the desk:** this could be *credit-stressed*. 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 | $126.4M | |
| Deposits | $107.1M | |
| Loans and leases | $74.6M | |
| Total equity | $16.9M | |
| Loans / deposits | 67.87% (p44 of band) | 71.36% |
| Liquid assets / assets | 34.83% (p52 of band) | |
| Uninsured deposits / deposits | 15.46% (p62 of band) | 12.72% |
| Brokered deposits | 0.00% | |
| Wholesale funding | 0.00% (p17 of band) | |
| FHLB advances / assets | 0.00% | |
| Tier 1 leverage | 13.40% (p80 of band) | 10.52% |
| Unrealized securities loss / equity | 0.30% (p54 of band) | 0.17% |
| AOCI / equity | 1.22% (p50 of band) | |
| ROA (annualized) | -0.24% (p6 of band) | 0.81% |
| Net interest margin | 3.91% (p65 of band) | 3.65% |
| Efficiency ratio | 95.18% (p89 of band) | |
| Noncurrent loans | 5.63% (p95 of band) | 0.86% |
| Net charge-offs (annualized) | -0.01% (p15 of band) | |
| Reserve coverage of noncurrent | 46.03% | |
| Real estate % of loans | 92% | |
| Construction % of loans | 19.76% (p56 of band) | |
| Auto loans | $1.1M (1.53% of loans; DQ 0.88%, NCO 0.00%) | |
| Loans to nondepository financials | $0 (0% of equity) (p48 of band) | |
| Deposits YoY | -6.3% | |
| Employees | 49 | |

## Flags firing in the latest filing

- **losing money** (`earn_negative`)
- **noncurrent p90** (`aq_noncurrent`)
- **reserve under noncurrent** (`aq_reserve`)
- **deposits shrinking** (`shrink_deposits`)
- **assets shrinking** (`shrink_assets`)

## 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 | 0 |  |  |
| 2012-06 | 1 | reserve under noncurrent |  |
| 2012-09 | 1 |  |  |
| 2012-12 | 2 | noncurrent p90 |  |
| 2013-03 | 3 | assets shrinking |  |
| 2013-06 | 3 | capital falling | assets shrinking |
| 2013-09 | 3 |  |  |
| 2013-12 | 4 | charge-offs p90, assets shrinking | capital falling |
| 2014-03 | 3 | losing money | charge-offs p90, assets shrinking |
| 2014-06 | 4 | deposits shrinking, assets shrinking | losing money |
| 2014-09 | 5 | losing money |  |

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

- nothing found for that search

## How to verify

- Page: https://getbookiq.com/bank-desk/#bank=11401 (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/9.json (key "11401", 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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