# SECURANT BANK&TRUST
MENOMONEE FALLS, WI · FDIC certificate 12515 · asset band <$300M · latest filing 2018-09 · 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 | $223.1M | |
| Deposits | $172.5M | |
| Loans and leases | $188.9M | |
| Total equity | $22.4M | |
| Loans / deposits | 108.32% (p95 of band) | 78.40% |
| Liquid assets / assets | 10.08% (p6 of band) | |
| Uninsured deposits / deposits | 15.58% (p51 of band) | 15.34% |
| Brokered deposits | 0.45% | |
| Wholesale funding | 12.33% (p87 of band) | |
| FHLB advances / assets | 11.88% | |
| Tier 1 leverage | 8.83% (p10 of band) | 11.34% |
| Unrealized securities loss / equity | -3.88% (p44 of band) | -3.15% |
| AOCI / equity | -1.26% (p57 of band) | |
| ROA (annualized) | -0.42% (p3 of band) | 1.02% |
| Net interest margin | 3.54% (p34 of band) | 3.82% |
| Efficiency ratio | 117.36% (p98 of band) | |
| Noncurrent loans | 0.24% (p33 of band) | 0.57% |
| Net charge-offs (annualized) | -0.03% (p10 of band) | |
| Reserve coverage of noncurrent | 471.08% | |
| Real estate % of loans | 80% | |
| Construction % of loans | 104.33% (p95 of band) | |
| Auto loans | $206,000 (0.11% of loans; DQ 0.00%, NCO 0.00%) | |
| Loans to nondepository financials | $0 (0% of equity) (p48 of band) | |
| Deposits YoY | 6.4% | |
| Employees | 41 | |

## Flags firing in the latest filing

- **loans exceed deposits** (`liq_ltd`)
- **capital falling** (`cap_falling`)
- **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 | 3 | brokered >10%, wholesale funding >15%, reserve under noncurrent |  |
| 2011-06 | 4 | noncurrent p90 |  |
| 2011-09 | 6 | capital falling, losing money |  |
| 2011-12 | 8 | leverage <7%, charge-offs p90 |  |
| 2012-03 | 9 | deposits shrinking, assets shrinking | capital falling |
| 2012-06 | 11 | expense ratio p90, uninsured deposits leaving |  |
| 2012-09 | 12 | capital falling |  |
| 2012-12 | 10 | leverage <5% | brokered >10%, wholesale funding >15%, expense ratio p90, uninsured deposits leaving |
| 2013-03 | 8 |  | losing money, capital falling |
| 2013-06 | 8 |  |  |
| 2013-09 | 8 |  |  |
| 2013-12 | 8 |  |  |
| 2014-03 | 8 |  |  |
| 2014-06 | 9 | uninsured deposits leaving |  |
| 2014-09 | 4 |  | deposits shrinking, assets shrinking, leverage <5%, uninsured deposits leaving |
| 2014-12 | 6 | deposits shrinking, uninsured deposits leaving |  |
| 2015-03 | 4 |  | charge-offs p90, deposits shrinking |
| 2015-06 | 2 |  | noncurrent p90, uninsured deposits leaving |
| 2015-09 | 5 | deposits shrinking, assets shrinking, uninsured deposits leaving |  |
| 2015-12 | 3 | noncurrent p90 | leverage <7%, assets shrinking, uninsured deposits leaving |
| 2016-03 | 1 | charge-offs p90 | reserve under noncurrent, deposits shrinking, noncurrent p90 |
| 2016-06 | 0 |  | charge-offs p90 |
| 2016-09 | 0 |  |  |
| 2016-12 | 2 | loans exceed deposits, charge-offs p90 |  |
| 2017-03 | 1 |  | charge-offs p90 |
| 2017-06 | 3 | deposits shrinking, uninsured deposits leaving |  |
| 2017-09 | 1 |  | deposits shrinking, uninsured deposits leaving |
| 2017-12 | 1 |  |  |
| 2018-03 | 1 |  |  |
| 2018-06 | 2 | capital falling |  |
| 2018-09 | 5 | losing money, expense ratio p90, construction >100% equity |  |

## 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=12515 (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/35.json (key "12515", 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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