# FIRST NB IN FAIRFIELD
FAIRFIELD, IA · FDIC certificate 13853 · asset band <$300M · latest filing 2022-03 · 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 | $158.9M | |
| Deposits | $141.1M | |
| Loans and leases | $92.9M | |
| Total equity | $14.3M | |
| Loans / deposits | 64.57% (p59 of band) | 59.63% |
| Liquid assets / assets | 38.93% (p39 of band) | |
| Uninsured deposits / deposits | 21.27% (p55 of band) | 20.09% |
| Brokered deposits | 5.19% | |
| Wholesale funding | 6.45% (p85 of band) | |
| FHLB advances / assets | 0.00% | |
| Tier 1 leverage | 9.33% (p32 of band) | 10.37% |
| Unrealized securities loss / equity | -6.12% (p65 of band) | -10.87% |
| AOCI / equity | -3.82% (p65 of band) | |
| ROA (annualized) | -0.05% (p8 of band) | 0.73% |
| Net interest margin | 2.65% (p32 of band) | 2.97% |
| Efficiency ratio | 102.16% (p92 of band) | |
| Noncurrent loans | 1.72% (p88 of band) | 0.26% |
| Net charge-offs (annualized) | -0.02% (p15 of band) | |
| Reserve coverage of noncurrent | 112.27% | |
| Real estate % of loans | 73% | |
| Construction % of loans | 6.46% (p33 of band) | |
| Auto loans | $499,000 (0.54% of loans; DQ 3.01%, NCO 0.02%) | |
| Loans to nondepository financials | $0 (0% of equity) (p48 of band) | |
| Deposits YoY | -7.3% | |
| Employees | 25 | |

## Flags firing in the latest filing

- **capital falling** (`cap_falling`)
- **losing money** (`earn_negative`)
- **expense ratio p90** (`earn_efficiency`)
- **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 | 0 |  |  |
| 2012-06 | 0 |  |  |
| 2012-09 | 0 |  |  |
| 2012-12 | 0 |  |  |
| 2013-03 | 1 | capital falling |  |
| 2013-06 | 0 |  | capital falling |
| 2013-09 | 0 |  |  |
| 2013-12 | 2 | deposits shrinking, assets shrinking |  |
| 2014-03 | 1 | charge-offs p90 | deposits shrinking, assets shrinking |
| 2014-06 | 2 | deposits shrinking, uninsured deposits leaving | charge-offs p90 |
| 2014-09 | 4 | liquid assets <10%, capital falling, reserve under noncurrent | deposits shrinking |
| 2014-12 | 1 |  | uninsured deposits leaving, liquid assets <10%, reserve under noncurrent |
| 2015-03 | 1 |  |  |
| 2015-06 | 1 |  |  |
| 2015-09 | 0 |  | capital falling |
| 2015-12 | 0 |  |  |
| 2016-03 | 2 | loans exceed deposits, liquid assets <10% |  |
| 2016-06 | 3 | reserve under noncurrent |  |
| 2016-09 | 1 | capital falling | loans exceed deposits, liquid assets <10%, reserve under noncurrent |
| 2016-12 | 1 |  |  |
| 2017-03 | 3 | losing money, charge-offs p90 |  |
| 2017-06 | 2 | liquid assets <10% | capital falling, losing money |
| 2017-09 | 2 | losing money | liquid assets <10% |
| 2017-12 | 5 | capital falling, noncurrent p90, reserve under noncurrent |  |
| 2018-03 | 4 |  | capital falling |
| 2018-06 | 3 |  | losing money |
| 2018-09 | 6 | losing money, deposits shrinking, assets shrinking |  |
| 2018-12 | 4 |  | noncurrent p90, reserve under noncurrent |
| 2019-03 | 1 |  | losing money, deposits shrinking, assets shrinking |
| 2019-06 | 5 | noncurrent p90, reserve under noncurrent, deposits shrinking, assets shrinking |  |
| 2019-09 | 5 |  |  |
| 2019-12 | 2 |  | charge-offs p90, deposits shrinking, assets shrinking |
| 2020-03 | 5 | deposits shrinking, assets shrinking, uninsured deposits leaving |  |
| 2020-06 | 4 | expense ratio p90, charge-offs p90 | deposits shrinking, assets shrinking, uninsured deposits leaving |
| 2020-09 | 4 |  |  |
| 2020-12 | 6 | capital falling, losing money |  |
| 2021-03 | 5 |  | charge-offs p90 |
| 2021-06 | 4 | charge-offs p90 | capital falling, losing money |
| 2021-09 | 3 |  | noncurrent p90 |
| 2021-12 | 0 |  | reserve under noncurrent, expense ratio p90, charge-offs p90 |
| 2022-03 | 6 | capital falling, losing money, expense ratio p90, deposits shrinking, assets shrinking, uninsured deposits leaving |  |

## 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=13853 (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/29.json (key "13853", 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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