# BANK OF WESTMINSTER
WESTMINSTER, SC · FDIC certificate 15204 · asset band <$300M · latest filing 2011-09 · 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 | $28.2M | |
| Deposits | $26.2M | |
| Loans and leases | $15.6M | |
| Total equity | $1.9M | |
| Loans / deposits | 56.18% (p23 of band) | 71.39% |
| Liquid assets / assets | 44.61% (p73 of band) | |
| Uninsured deposits / deposits | 1.16% (p7 of band) | 8.02% |
| Brokered deposits | 0.00% | |
| Wholesale funding | 0.00% (p16 of band) | |
| FHLB advances / assets | 0.00% | |
| Tier 1 leverage | 6.00% (p4 of band) | 9.99% |
| Unrealized securities loss / equity | 5.18% (p60 of band) | 3.72% |
| AOCI / equity | 14.54% (p98 of band) | |
| ROA (annualized) | -6.22% (p1 of band) | 0.72% |
| Net interest margin | 4.40% (p80 of band) | 3.86% |
| Efficiency ratio | 116.60% (p95 of band) | |
| Noncurrent loans | 12.30% (p98 of band) | 1.48% |
| Net charge-offs (annualized) | -0.03% (p5 of band) | |
| Reserve coverage of noncurrent | 44.31% | |
| Real estate % of loans | 59% | |
| Construction % of loans | 68.52% (p86 of band) | |
| Auto loans | $3.1M (19.82% of loans; DQ 11.88%, NCO 0.00%) | |
| Loans to nondepository financials | $0 (0% of equity) (p48 of band) | |
| Deposits YoY | – | |
| Employees | 11 | |

## Flags firing in the latest filing

- **leverage <7%** (`cap_low`)
- **losing money** (`earn_negative`)
- **expense ratio p90** (`earn_efficiency`)
- **noncurrent p90** (`aq_noncurrent`)
- **reserve under noncurrent** (`aq_reserve`)

## Warning timeline

| Quarter | Score | Flags that first fired | Flags that cleared |
|---|---|---|---|
| 2011-03 | 3 | leverage <7%, losing money, charge-offs p90 |  |
| 2011-06 | 5 | expense ratio p90, noncurrent p90, reserve under noncurrent | charge-offs p90 |
| 2011-09 | 5 |  |  |

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

- 2017-08-17 [Heartland Data Breach Update: Thousands of Institutions Impacted - BankInfoSecurity](https://news.google.com/rss/articles/CBMiogFBVV95cUxNWVEyRWhPeVlpYXZaX19sN1VhVk5zZ1RJb2xUMlNFUmhWdnU2c1NxVXRJcVBxYTJXM0ptVjFreVRaQjJQNkdoQmFKWmQxU3ZNMU5ROGRsbVVreFdIeUhHMmEwSjdnaHVoaDd3ZmhWQmdDX1huU3UyeFlYakxsMW1DTEJEMmVsR3BLelpjd0xENjB1eFBqOXFFcFdtc1lqVE44YlE?oc=5) · BankInfoSecurity
- 2007-08-06 [Frederick's bank history preserved - The Frederick News-Post](https://news.google.com/rss/articles/CBMiwwFBVV95cUxPVGJKMDJKVmMwRTd1UGlIRjdQTHFmSXdIOWZuU3BVMXpQWjVEOUVCV1dtRmxjN3AyZnJiVUJ0clhGdXJKdC1NbU9ZRExKMENEYUNkY01FeUg5TG9zeFphbFpXSkdfc0FOekFvV3BiLWRrSUplWVFXUFRqclFtMjZjYjQ0SGdyM0lJUEdpakk2cjhPZXl5VTRmMDZJUjVFTmRhdGZZU3NIUG52Zm9xLVFDZmZPaW9fLVBRNWZfSVJORHNrWDA?oc=5) · The Frederick News-Post
- 2003-01-06 [Frances Abbott Obituary (2003) - Westminster, SC - The Greenville News - legacy.com](https://news.google.com/rss/articles/CBMimgFBVV95cUxPNlZ6S01scW1lU29oLXhHOEdqZDg3clFEUFJFbi1Oc290X09WeHBwdjZxRjlScjVxWVNqOVQydjZaN2M3ZUhZTy1nem1USUJidk8zRUwxWGJkck9vdlU1RlRybENBVVIwOWVBY0FSc0RQYkhaVUYtQXhEWWE4VTIyMmMwUEhNbGduYjBCdzR3a0c0MEhwNnAwNnlR?oc=5) · legacy.com
- 2018-05-22 [Charles Gillespie Obituary (2018) - Westminster, SC - The Greenville News - legacy.com](https://news.google.com/rss/articles/CBMingFBVV95cUxPeGhMN1N6V0k4S0pIc3ZwNDJfMHBZOE5VbnljQUlSaGpPNzdMWGtBR0o0UVVOSWw1RmlKOUhqQnVIZGIyLVdpSVZMTlZXN0hoS2wzRkpwR2hPbUgyRmlPWlVQdDNvZWpqbnRIWGhXOHpzMGJQSVZteEdxNjNYZXpyNmtGbnpWMUVDWjBZRUQwX1lOZDRlTFg2WU1xN0E4Zw?oc=5) · legacy.com

## How to verify

- Page: https://getbookiq.com/bank-desk/#bank=15204 (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/36.json (key "15204", 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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