# ALTERRA BANK
LEAWOOD, KS · FDIC certificate 1149 · asset band <$300M · latest filing 2017-03 · stopped filing (departed)

**Verdict on the desk:** this could be *credit-stressed*. Composite score 6 (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 | $266.1M | |
| Deposits | $219.8M | |
| Loans and leases | $214.7M | |
| Total equity | $39.7M | |
| Loans / deposits | 95.09% (p87 of band) | 73.48% |
| Liquid assets / assets | 12.27% (p8 of band) | |
| Uninsured deposits / deposits | 44.29% (p98 of band) | 14.60% |
| Brokered deposits | 0.43% | |
| Wholesale funding | 1.76% (p51 of band) | |
| FHLB advances / assets | 1.34% | |
| Tier 1 leverage | 11.55% (p61 of band) | 10.87% |
| Unrealized securities loss / equity | -0.26% (p51 of band) | -0.29% |
| AOCI / equity | 0.03% (p26 of band) | |
| ROA (annualized) | -0.10% (p5 of band) | 0.83% |
| Net interest margin | 3.97% (p71 of band) | 3.63% |
| Efficiency ratio | 97.20% (p93 of band) | |
| Noncurrent loans | 9.42% (p99 of band) | 0.63% |
| Net charge-offs (annualized) | -0.27% (p2 of band) | |
| Reserve coverage of noncurrent | 28.00% | |
| Real estate % of loans | 58% | |
| Construction % of loans | 53.56% (p82 of band) | |
| Auto loans | $0 (0.00% of loans; DQ –, NCO 0.00%) | |
| Loans to nondepository financials | $0 (0% of equity) (p48 of band) | |
| Deposits YoY | -13.6% | |
| Employees | 51 | |

## Flags firing in the latest filing

- **losing money** (`earn_negative`)
- **expense ratio p90** (`earn_efficiency`)
- **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 | 1 | reserve under noncurrent |  |
| 2012-03 | 0 |  | reserve under noncurrent |
| 2012-06 | 1 | reserve under noncurrent |  |
| 2012-09 | 0 |  | reserve under noncurrent |
| 2012-12 | 0 |  |  |
| 2013-03 | 1 | capital falling |  |
| 2013-06 | 0 |  | capital falling |
| 2013-09 | 0 |  |  |
| 2013-12 | 2 | liquid assets <10%, capital falling |  |
| 2014-03 | 1 |  | liquid assets <10% |
| 2014-06 | 2 | charge-offs p90 |  |
| 2014-09 | 1 |  | charge-offs p90 |
| 2014-12 | 2 | NIM <2.5%, reserve under noncurrent | capital falling |
| 2015-03 | 1 |  | NIM <2.5% |
| 2015-06 | 1 |  |  |
| 2015-09 | 1 |  |  |
| 2015-12 | 3 | capital falling, charge-offs p90 |  |
| 2016-03 | 3 |  |  |
| 2016-06 | 3 | noncurrent p90 | capital falling |
| 2016-09 | 4 | losing money |  |
| 2016-12 | 6 | deposits shrinking, assets shrinking |  |
| 2017-03 | 6 | expense ratio p90 | charge-offs p90 |

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

- 2024-08-27 [First Business Bank adds 26-year banker to lead KC commercial banking - The Business Journals](https://news.google.com/rss/articles/CBMipwFBVV95cUxPdXBnczd6aEZfdVhDa0g2Vk1mVVpkMmlMZDNrdlRuRjJsTkdnUXhCZ0VmRTFXQ1BRcHRXdWpXVlRnaUxxcEZZNWxCTEFySGszRjFYSUFqUmNJY0U5SFloUkdMVzhEOVp0Mm1CZDl0S2hsWUlpU3ZpYzBWZnBPUFh2ejlKN3U3aFY5bjFIcU1XUUVsemFtUjFyMFJLakdFVWlocU1tcTRfYw?oc=5) · The Business Journals
- 2026-07-31 [Leawood bank hires former CrossFirst executive to accelerate local growth - The Business Journals](https://news.google.com/rss/articles/CBMipgFBVV95cUxPUTBjX0R0RGdGVk9TUzlsT1dVbVFJU0RkUWxrcTNRYkZ4SENnSlNkeFZJdDExM19kTllkby1lVjUyakJ6SEhBX1Z2QTFndmpaVjY3cmdfUGs0THVsT2lFWjlQNGtvd0ZpbG9PenUxWnl6eENEck4tcW5Gc3ZOSXVxd2NXT3dFWkd2VV9NbnFfNDBvdTNaX1hWS0o2TUU5Tm1pQm5seWFR?oc=5) · The Business Journals
- 2011-03-03 [USDOJ: US Attorney's Office - District Of Kansas - Department of Justice (.gov)](https://news.google.com/rss/articles/CBMifkFVX3lxTE1uMTBGOG9lNzdJMXNOTUVBZWJpS3pSc1Z3UmpYZEZTYkRaWlRtWERLQWxqaUx4MVdOODVnMkw0Z253WGRGaW5OSFl5R1JtOHFjZklpTlp1MzRUcktJSEVXLWhHOGJjR1M5WXVpNUNxNzlCb0N3VEpWdlVRcGtwQQ?oc=5) · Department of Justice (.gov)
- 2024-01-10 [KC market president exits First Business Bank; search for successor begins - The Business Journals](https://news.google.com/rss/articles/CBMiqwFBVV95cUxPMlQ3SldzTHB6dUxlUXRlanJQdFBrS3c2R3VDX3QyTDk5aDlfS3p2cUpkMjlNb2tJVm5EX3o2VjdxN1pXaDR1ck12WktBWGNobnZVMGZFVkxlYUE5LTNrSzl2UVhzU3o2cnpvaG1lYzNGanEwR1FzS2FXOEVKUFJWWTBrNGpUN2VaMEVRLWhhTHQ4VTRlbjJxdm1UNVlsWEh5ekNkU2xXWkM4eVE?oc=5) · The Business Journals
- 2019-04-02 [Former Morrill & Janes market president joins First Business Bank - The Business Journals](https://news.google.com/rss/articles/CBMirgFBVV95cUxOaFNzaDRCTndXRkxneTB6bGxCQ3l0engwbkxodDZoZXFyb1RxeHppeERlektOYWwwZ2ZPeXNhSkJiLUN3b2dUTUxsLXlQNXptd2RKZEZMMzBTNm03QWRoc1o3SklXaHdFUWRVZ3h1cEs2RWMyVmE2SFhqWnNhRVZCeDhEUWF3WVk0ZWo2WnFDTDVVanF1Rmd2UWRsWEp1dmJrcVp5dGFqMUZ3Z0VvUVE?oc=5) · The Business Journals
- 2021-03-18 [KC group envisions marrying fintech with community banking to build a powerhouse - Kansas City Business Journal - The Business Journals](https://news.google.com/rss/articles/CBMinwFBVV95cUxQd3A2c0hqSWZCXzRSS3pOU3ZCSmFTQllRTnA5NEtLRk5ReWdDV0dCNnZFTHU5YTkzdTZjcWNyS2prYkRLUVV4YlJJMlAxRG9tX216YTBhMHk4Z043UWZ2U2RmRHRFbGpNbDZFWmN5QTdBTU1oSG51WnJUV0I4Ql9HMU1Oc0p4YmVDd242MW1RcjhvZkg1dC10SExlWF82aVE?oc=5) · The Business Journals
- 2017-06-20 [CommunityAmerica builds a female financial services dream team - The Business Journals](https://news.google.com/rss/articles/CBMipwFBVV95cUxOc3JDanQwdmN2NVNwZG9kLXA2RVl6dmlkaVpiUl9sOUgyRHgtbE1nWDRiLTgwcm15VXloX0JkR255R1dib3hKS0JRd0Z2ZFJaaUhBTjNPQ2FUZ0VxaDZNLUp4cG9VV3gtd0NQemkwUlJrRWc5UVpjbUJEUF8xMU4yUjRFd2c5b3liaG1oUXh5M0VvTG5LdHJOdlUxcjBTdlBra25yY2FDTQ?oc=5) · The Business Journals
- 2017-03-30 [CommunityAmerica Expands Commercial Lending Team - Kansas City Business Journal - The Business Journals](https://news.google.com/rss/articles/CBMirAFBVV95cUxOU19uU3NPbUpxSzBzX2RyS2JZM3FPN2ZIT050Z1JsR2pBT2JBVzZkcHdtUDVqanJxa3RVMUdpUkxwb0hqZjJleHJpR1VDNkd5UVgwa0xHU3VoZE1vc3F1YVlRRTVZYUlLRjk3MmpnU1U5dmJkRW1oSUs1NURjT3V6QWJSNW1NdUxMUk1hLW15dEpoNG9zUHA1SUpvblU4NFd0UnhKaldtZldpOV9s?oc=5) · The Business Journals

## How to verify

- Page: https://getbookiq.com/bank-desk/#bank=1149 (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/61.json (key "1149", 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