# FIRST BANK&TRUST
LUBBOCK, TX · FDIC certificate 14778 · asset band $1-10B · latest filing 2023-03 · stopped filing (departed)

**Verdict on the desk:** this could be *funding-stretched*. Composite score 2 (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 | $2.95B | |
| Deposits | $2.54B | |
| Loans and leases | $1.66B | |
| Total equity | $379.5M | |
| Loans / deposits | 64.51% (p17 of band) | 83.00% |
| Liquid assets / assets | 33.16% (p73 of band) | |
| Uninsured deposits / deposits | 40.14% (p77 of band) | 30.20% |
| Brokered deposits | 16.76% | |
| Wholesale funding | 17.08% (p81 of band) | |
| FHLB advances / assets | 0.00% | |
| Tier 1 leverage | 9.59% (p42 of band) | 9.87% |
| Unrealized securities loss / equity | -24.48% (p41 of band) | -19.05% |
| AOCI / equity | 2.46% (p69 of band) | |
| ROA (annualized) | 0.78% (p27 of band) | 1.05% |
| Net interest margin | 3.15% (p38 of band) | 3.38% |
| Efficiency ratio | 68.49% (p70 of band) | |
| Noncurrent loans | 0.80% (p84 of band) | 0.26% |
| Net charge-offs (annualized) | 0.01% (p63 of band) | |
| Reserve coverage of noncurrent | 138.40% | |
| Real estate % of loans | 69% | |
| Construction % of loans | 63.74% (p53 of band) | |
| Auto loans | $7.2M (0.44% of loans; DQ 1.27%, NCO 0.00%) | |
| Loans to nondepository financials | $0 (0% of equity) (p38 of band) | |
| Deposits YoY | 3.6% | |
| Employees | 196 | |

## Flags firing in the latest filing

- **brokered >10%** (`liq_brokered`)
- **wholesale funding >15%** (`liq_wholesale`)

## Warning timeline

| Quarter | Score | Flags that first fired | Flags that cleared |
|---|---|---|---|
| 2011-03 | 3 | wholesale funding >15%, reserve under noncurrent, construction >100% equity |  |
| 2011-06 | 3 |  |  |
| 2011-09 | 1 |  | wholesale funding >15%, construction >100% equity |
| 2011-12 | 2 | construction >100% equity |  |
| 2012-03 | 2 |  |  |
| 2012-06 | 3 | uninsured deposits leaving |  |
| 2012-09 | 3 | wholesale funding >15% | uninsured deposits leaving |
| 2012-12 | 3 |  |  |
| 2013-03 | 2 |  | wholesale funding >15% |
| 2013-06 | 2 |  |  |
| 2013-09 | 1 |  | reserve under noncurrent |
| 2013-12 | 1 |  |  |
| 2014-03 | 2 | reserve under noncurrent |  |
| 2014-06 | 3 | wholesale funding >15% |  |
| 2014-09 | 1 |  | reserve under noncurrent, wholesale funding >15% |
| 2014-12 | 2 | reserve under noncurrent |  |
| 2015-03 | 2 |  |  |
| 2015-06 | 1 |  | reserve under noncurrent |
| 2015-09 | 1 |  |  |
| 2015-12 | 1 |  |  |
| 2016-03 | 1 |  |  |
| 2016-06 | 2 | capital falling |  |
| 2016-09 | 1 |  | capital falling |
| 2016-12 | 1 |  |  |
| 2017-03 | 1 |  |  |
| 2017-06 | 1 |  |  |
| 2017-09 | 1 |  |  |
| 2017-12 | 1 |  |  |
| 2018-03 | 2 | reserve under noncurrent |  |
| 2018-06 | 3 | capital falling, NIM <2.5% | construction >100% equity |
| 2018-09 | 2 | noncurrent p90 | capital falling, NIM <2.5% |
| 2018-12 | 2 | charge-offs p90 | noncurrent p90 |
| 2019-03 | 1 |  | charge-offs p90 |
| 2019-06 | 2 | charge-offs p90 |  |
| 2019-09 | 1 |  | reserve under noncurrent |
| 2019-12 | 0 |  | charge-offs p90 |
| 2020-03 | 1 | capital falling |  |
| 2020-06 | 1 |  |  |
| 2020-09 | 1 |  |  |
| 2020-12 | 0 |  | capital falling |
| 2021-03 | 1 | uninsured deposits >50% |  |
| 2021-06 | 1 |  |  |
| 2021-09 | 1 |  |  |
| 2021-12 | 3 | deposits shrinking, assets shrinking |  |
| 2022-03 | 2 | charge-offs p90 | deposits shrinking, assets shrinking |
| 2022-06 | 3 | AOCI drag >20% of equity, securities losses >30% of equity | uninsured deposits >50% |
| 2022-09 | 5 | brokered >10%, capital falling |  |
| 2022-12 | 5 | wholesale funding >15% | capital falling |
| 2023-03 | 2 |  | charge-offs p90, AOCI drag >20% of equity, securities losses >30% of 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=14778 (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/58.json (key "14778", 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