# FIRST&FARMERS BANK
PORTLAND, ND · FDIC certificate 16082 · asset band <$300M · latest filing 2019-09 · 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 | $58.7M | |
| Deposits | $48.9M | |
| Loans and leases | $44.4M | |
| Total equity | $7.2M | |
| Loans / deposits | 90.32% (p76 of band) | 77.79% |
| Liquid assets / assets | 17.42% (p18 of band) | |
| Uninsured deposits / deposits | 21.67% (p72 of band) | 15.94% |
| Brokered deposits | 13.40% | |
| Wholesale funding | 17.32% (p94 of band) | |
| FHLB advances / assets | 0.00% | |
| Tier 1 leverage | 9.70% (p21 of band) | 11.56% |
| Unrealized securities loss / equity | 1.44% (p63 of band) | 0.80% |
| AOCI / equity | 3.30% (p61 of band) | |
| ROA (annualized) | 0.07% (p6 of band) | 1.05% |
| Net interest margin | 4.15% (p69 of band) | 3.84% |
| Efficiency ratio | 79.32% (p75 of band) | |
| Noncurrent loans | 0.30% (p37 of band) | 0.56% |
| Net charge-offs (annualized) | 0.00% (p22 of band) | |
| Reserve coverage of noncurrent | 162.12% | |
| Real estate % of loans | 51% | |
| Construction % of loans | 17.07% (p52 of band) | |
| Auto loans | $681,000 (1.53% of loans; DQ 0.15%, NCO -0.01%) | |
| Loans to nondepository financials | $0 (0% of equity) (p48 of band) | |
| Deposits YoY | 11.8% | |
| Employees | 13 | |

## 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 | 0 |  |  |
| 2011-06 | 0 |  |  |
| 2011-09 | 0 |  |  |
| 2011-12 | 0 |  |  |
| 2012-03 | 2 | capital falling, uninsured deposits leaving |  |
| 2012-06 | 2 |  |  |
| 2012-09 | 1 |  | capital falling |
| 2012-12 | 0 |  | uninsured deposits leaving |
| 2013-03 | 2 | leverage <7%, capital falling |  |
| 2013-06 | 2 |  |  |
| 2013-09 | 2 |  |  |
| 2013-12 | 2 |  |  |
| 2014-03 | 1 |  | capital falling |
| 2014-06 | 2 | construction >100% equity |  |
| 2014-09 | 2 | capital falling | construction >100% equity |
| 2014-12 | 1 |  | capital falling |
| 2015-03 | 0 |  | leverage <7% |
| 2015-06 | 2 | deposits shrinking, uninsured deposits leaving |  |
| 2015-09 | 1 | assets shrinking | deposits shrinking, uninsured deposits leaving |
| 2015-12 | 0 |  | assets shrinking |
| 2016-03 | 0 |  |  |
| 2016-06 | 0 |  |  |
| 2016-09 | 1 | uninsured deposits leaving |  |
| 2016-12 | 1 | leverage <7% | uninsured deposits leaving |
| 2017-03 | 0 |  | leverage <7% |
| 2017-06 | 1 | assets shrinking |  |
| 2017-09 | 3 | deposits shrinking, uninsured deposits leaving |  |
| 2017-12 | 2 | NIM <2.5%, reserve under noncurrent | assets shrinking, deposits shrinking, uninsured deposits leaving |
| 2018-03 | 2 | deposits shrinking, uninsured deposits leaving | NIM <2.5%, reserve under noncurrent |
| 2018-06 | 0 |  | deposits shrinking, uninsured deposits leaving |
| 2018-09 | 0 |  |  |
| 2018-12 | 0 |  |  |
| 2019-03 | 3 | capital falling, losing money, expense ratio p90 |  |
| 2019-06 | 2 | reserve under noncurrent | capital falling, expense ratio p90 |
| 2019-09 | 2 | brokered >10%, wholesale funding >15% | losing money, reserve under noncurrent |

## 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=16082 (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/18.json (key "16082", 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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