# FIRST NIAGARA BANK NA
BUFFALO, NY · FDIC certificate 16004 · asset band $10-100B · latest filing 2016-09 · 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 | $32.93B | |
| Deposits | $27.35B | |
| Loans and leases | $23.00B | |
| Total equity | $4.43B | |
| Loans / deposits | 84.03% (p38 of band) | 89.39% |
| Liquid assets / assets | 19.19% (p37 of band) | |
| Uninsured deposits / deposits | 31.46% (p43 of band) | 35.43% |
| Brokered deposits | 4.24% | |
| Wholesale funding | 5.84% (p24 of band) | |
| FHLB advances / assets | 0.00% | |
| Tier 1 leverage | 8.47% (p30 of band) | 9.36% |
| Unrealized securities loss / equity | 0.10% (p15 of band) | 1.88% |
| AOCI / equity | 0.05% (p19 of band) | |
| ROA (annualized) | -0.01% (p1 of band) | 0.98% |
| Net interest margin | 0.68% (p6 of band) | 3.16% |
| Efficiency ratio | 91.90% (p100 of band) | |
| Noncurrent loans | 1.22% (p73 of band) | 0.80% |
| Net charge-offs (annualized) | 0.01% (p23 of band) | |
| Reserve coverage of noncurrent | 5.31% | |
| Real estate % of loans | 62% | |
| Construction % of loans | 34.08% (p72 of band) | |
| Auto loans | $2.51B (10.89% of loans; DQ 1.93%, NCO 0.00%) | |
| Loans to nondepository financials | $147.7M (3% of equity) (p64 of band) | |
| Deposits YoY | -6.8% | |
| Employees | 4867 | |

## Flags firing in the latest filing

- **losing money** (`earn_negative`)
- **expense ratio p90** (`earn_efficiency`)
- **NIM <2.5%** (`earn_nim`)
- **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 | 3 | wholesale funding >15%, leverage <7%, reserve under noncurrent |  |
| 2011-06 | 2 |  | leverage <7% |
| 2011-09 | 2 |  |  |
| 2011-12 | 2 |  |  |
| 2012-03 | 2 |  |  |
| 2012-06 | 3 | leverage <7%, expense ratio p90 | wholesale funding >15% |
| 2012-09 | 1 |  | leverage <7%, expense ratio p90 |
| 2012-12 | 1 |  |  |
| 2013-03 | 1 |  |  |
| 2013-06 | 1 |  |  |
| 2013-09 | 1 |  |  |
| 2013-12 | 2 | wholesale funding >15% |  |
| 2014-03 | 1 |  | wholesale funding >15% |
| 2014-06 | 2 | wholesale funding >15% |  |
| 2014-09 | 3 | losing money |  |
| 2014-12 | 3 |  |  |
| 2015-03 | 2 |  | losing money |
| 2015-06 | 2 |  |  |
| 2015-09 | 2 |  |  |
| 2015-12 | 2 |  |  |
| 2016-03 | 3 | capital falling |  |
| 2016-06 | 3 |  |  |
| 2016-09 | 6 | losing money, expense ratio p90, NIM <2.5%, deposits shrinking, assets shrinking | wholesale funding >15%, capital falling |

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

- 2016-04-28 [18 First Niagara branches to be acquired by Northwest - The Business Journals](https://news.google.com/rss/articles/CBMipwFBVV95cUxNOVFfMk1ldDRhN0ZTc0NQNU8wQXhENDl1ejFYbDFWUTJQQ2FGeFlkY0swS1ZFd2RpUE5tYTF4ZkNpSDdxNlFLdVF3N002T3QzenhaQ05Mc3Nzand3d09aeUJMbk1Md3Yzb1E4QURqUkUxVFNKenM1ZGpJT2J4cnVQVU5MWHlpWENpUTZiZVVfMDlGTV9WUUF6VHRwREVoekNwOF9MRUtMQQ?oc=5) · The Business Journals
- 2021-12-04 [First Niagara Bank Mortgage Satisfaction Class Action Settlement - Top Class Actions](https://news.google.com/rss/articles/CBMizAFBVV95cUxORXFTTWlVZDlkdFpsZWM2NDNtN2sxQl83LWNDMVh5VmU2T2JWeDl1Q1Q0bFpYcnlIaFZRQS14OXFFd205SHk2V205ZjZhRDdtaUQzczRMUWh4bFJHelhoYU9taF80aFp4UHlRVWY1dktqZFlXd1MtNkNjQnQ0YkprZEhxZFBpaF9IdkpSbXcxamNseVlwMmRsM2JpeENLd2pKTXRlamFiR0p3dGFndU5mLUsxdEtvZmIxYkExUnlmMk9vZHlnZG1HbGJJSW4?oc=5) · Top Class Actions
- 2014-04-23 [Photo Release -- First Niagara Announces Michael Kelly as Managing Director, Enterprise Program Management Office - GlobeNewswire](https://news.google.com/rss/articles/CBMikgJBVV95cUxPanlFdEpPSHRtcU1idC1rMW53OXJVaWhxRUd0c0VjdnhJNHE2R3FzUmdxUzRlU3g1QlR4YWt1OHdZU3hNbjJvU1QyMU52SWE3R3dFZXBpdzBFdlA3UjhrQ1NxNFQ5UlBja3NUU2RZNk5WODlXZUItdXluTEh0d3VGN3VzQVJLLVR4VTA4blk0VjRSNkZYSVFLc2FFRW5wQXhjd2twdm1VYkdiQ1RRZnBwSGItVFZaN1NNMXowNWlGYzZqVGFxbmdjZWtGOGdFdXdpM1BfZjRSWUk1NWI4dU4zMUdJLXZ5UlVrOG5OY0dqRmo2X2ZlNTRCRkNjdk5WQzFDVEZjVDUycW5DcUxSLTEzQlRB?oc=5) · GlobeNewswire
- 2011-08-25 [Naming rights: Sabres will play in “First Niagara Center” next season - NBC Sports](https://news.google.com/rss/articles/CBMiugFBVV95cUxQbUlEN0pDb1dET19SeWpHSFV3VTJfSzhMS291MjF1NVdjY2ItVDRzd25TRFBJdlFKb1JURjdFVENLX3M1MU9qSFhpaHhlM09Pd0xadUwzWFZsWXJlanhDRGhmc1djYzhoYkY4RGMxS3RGWk1xNnJrOEg2TFlsNkpOT3ZqSTNmdTExdkg3RXg2MUxqcmpPbGVvUUZpNEpHcmhoZUlHTDUtaTVlTGN6Z05DcWxGRXBrc0dyUEE?oc=5) · NBC Sports
- 2017-12-01 [M&T Bank grows market share amid First Niagara fallout - The Business Journals](https://news.google.com/rss/articles/CBMipgFBVV95cUxOdmlpYVdTQWI2dW85TzFEaFhJN050bXdEdGt4X3hodDZjMjg4dVlZTWMzMEgyMFN5ZFp5YnZKVHh5R0JCaHd6RnBPZW4yNC0xdU5YUHMzbGozUExTOVNkYXAwTXFmVWRjTUVFR3BMSXdBVHBLaUpZNDNKMWRJWXFoWE1YdG9pMUpWc0pxa1B4dVhVZ0VZaDhndVFjbEN4UEx2M21qVjFn?oc=5) · The Business Journals
- 2016-08-18 [KeyCorp hires 50 former First Niagara workers as part of commercial real estate expansion - The Business Journals](https://news.google.com/rss/articles/CBMiqAFBVV95cUxOTkE5NF9LRDBBTjJCUEFaWmg0YlM4bkhvVHppM2NyOXNrM2E0Rm0xOUJxRTViZnZSN1pWUlBISkhJOWRMWUxKbGt2NndQOGdRVzhuV2czUTNXQU91akZBVG5BODBobFg3U1RGZTVjLXR3c1UtWTFrX2otdWpaWHA5c25adl9YVTVjMndVenkzX2cyVTRmOHZPd3ppUFlNSUwyWmhoLS1zTlM?oc=5) · The Business Journals
- 2019-12-10 [Branch manager Heather Alessi is never really off the clock, and she likes it that way - The Business Journals](https://news.google.com/rss/articles/CBMiqgFBVV95cUxQMVl0RWxRRXdvOWp1eUVqNFpkNWVzY2x1M2Via1dmREE3cmhmcEZCRFZxNkFHbXFGTnU1WFRxclpkU0JoM3dPN3BwV1dkQnZ1Z0JVaVZVaUlIQzl2dWlkMXgtTFNYTDNRYlNxTWxvVXdXNlQ1dzVHVjhzY3NWd3g5U05hbzFLMmJhSUdVV3NXN1BTaXBQMWV2WUoxQnNKUVg2akF2b3pQMHFUQQ?oc=5) · The Business Journals
- 2016-08-03 [KeyBank sets new executive team to oversee Buffalo market - The Business Journals](https://news.google.com/rss/articles/CBMiqwFBVV95cUxQNlIxSXBiV2ZTN1hmVl9uYUtiNEtudDFBNTFzV0lteEEyTzdiZEc4aVlOajJDakhvejc5SXZ6UTlHeDlncVFfVHJzNnBqZU0zbTU2NzBBLWQzM2dKV19tOGtLWUNyRTN1aFIxX0xnU1ZtSnF0Nk10VVRIYTAxMWxvclZyQVJmWDAwMGZ5UDgtTnEwdEpCUjZjZjhtbkIyQlQ5c2N5elVPU2d1dGc?oc=5) · The Business Journals

## How to verify

- Page: https://getbookiq.com/bank-desk/#bank=16004 (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/4.json (key "16004", 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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