# PERSONS BANKING CO
FORSYTH, GA · FDIC certificate 17089 · asset band $300M-1B · latest filing 2022-09 · stopped filing (departed)

**Verdict on the desk:** this could be *run candidate*. 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 | $407.7M | |
| Deposits | $404.6M | |
| Loans and leases | $183.7M | |
| Total equity | $2.6M | |
| Loans / deposits | 44.83% (p9 of band) | 72.27% |
| Liquid assets / assets | 53.89% (p90 of band) | |
| Uninsured deposits / deposits | 20.18% (p21 of band) | 27.64% |
| Brokered deposits | 0.00% | |
| Wholesale funding | 0.00% (p13 of band) | |
| FHLB advances / assets | 0.00% | |
| Tier 1 leverage | 6.25% (p1 of band) | 9.98% |
| Unrealized securities loss / equity | -916.33% (p1 of band) | -28.34% |
| AOCI / equity | -815.49% (p1 of band) | |
| ROA (annualized) | 0.38% (p8 of band) | 1.08% |
| Net interest margin | 2.70% (p12 of band) | 3.33% |
| Efficiency ratio | 87.77% (p95 of band) | |
| Noncurrent loans | 0.01% (p14 of band) | 0.24% |
| Net charge-offs (annualized) | 0.03% (p83 of band) | |
| Reserve coverage of noncurrent | 9587.50% | |
| Real estate % of loans | 94% | |
| Construction % of loans | 460.57% (p100 of band) | |
| Auto loans | $537,000 (0.29% of loans; DQ 0.00%, NCO 0.00%) | |
| Loans to nondepository financials | $0 (0% of equity) (p45 of band) | |
| Deposits YoY | 3.1% | |
| Employees | 70 | |

## Flags firing in the latest filing

- **leverage <7%** (`cap_low`)
- **AOCI drag >20% of equity** (`cap_aoci`)
- **securities losses >30% of equity** (`cap_secloss`)
- **expense ratio p90** (`earn_efficiency`)
- **construction >100% equity** (`conc_construction`)

## Warning timeline

| Quarter | Score | Flags that first fired | Flags that cleared |
|---|---|---|---|
| 2011-03 | 4 | leverage <7%, noncurrent p90, reserve under noncurrent, construction >100% equity |  |
| 2011-06 | 4 |  |  |
| 2011-09 | 3 |  | leverage <7% |
| 2011-12 | 3 |  |  |
| 2012-03 | 6 | deposits shrinking, assets shrinking, uninsured deposits leaving |  |
| 2012-06 | 4 |  | deposits shrinking, assets shrinking |
| 2012-09 | 4 |  |  |
| 2012-12 | 4 |  |  |
| 2013-03 | 4 | expense ratio p90 | uninsured deposits leaving |
| 2013-06 | 4 |  |  |
| 2013-09 | 5 | charge-offs p90 |  |
| 2013-12 | 6 | deposits shrinking, assets shrinking | expense ratio p90 |
| 2014-03 | 3 |  | construction >100% equity, deposits shrinking, assets shrinking |
| 2014-06 | 4 | expense ratio p90 |  |
| 2014-09 | 6 | capital falling, losing money, uninsured deposits leaving | charge-offs p90 |
| 2014-12 | 4 |  | capital falling, uninsured deposits leaving |
| 2015-03 | 6 | leverage <7%, charge-offs p90, construction >100% equity | expense ratio p90 |
| 2015-06 | 7 | expense ratio p90 |  |
| 2015-09 | 7 |  |  |
| 2015-12 | 8 | capital falling |  |
| 2016-03 | 4 |  | losing money, charge-offs p90, construction >100% equity, capital falling |
| 2016-06 | 4 | charge-offs p90 | expense ratio p90 |
| 2016-09 | 5 | construction >100% equity |  |
| 2016-12 | 7 | losing money, expense ratio p90 |  |
| 2017-03 | 5 |  | charge-offs p90, losing money |
| 2017-06 | 6 | losing money |  |
| 2017-09 | 5 | charge-offs p90 | construction >100% equity, losing money |
| 2017-12 | 6 | uninsured deposits leaving |  |
| 2018-03 | 4 |  | charge-offs p90, uninsured deposits leaving |
| 2018-06 | 3 |  | noncurrent p90 |
| 2018-09 | 5 | noncurrent p90, construction >100% equity |  |
| 2018-12 | 5 |  |  |
| 2019-03 | 3 |  | noncurrent p90, construction >100% equity |
| 2019-06 | 4 | charge-offs p90 |  |
| 2019-09 | 4 |  |  |
| 2019-12 | 4 |  |  |
| 2020-03 | 3 |  | charge-offs p90 |
| 2020-06 | 2 |  | reserve under noncurrent |
| 2020-09 | 3 | capital falling |  |
| 2020-12 | 3 |  |  |
| 2021-03 | 3 |  |  |
| 2021-06 | 3 |  |  |
| 2021-09 | 2 |  | capital falling |
| 2021-12 | 2 |  |  |
| 2022-03 | 5 | AOCI drag >20% of equity, securities losses >30% of equity, NIM <2.5% |  |
| 2022-06 | 5 | construction >100% equity | NIM <2.5% |
| 2022-09 | 5 |  |  |

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

- 2019-03-11 [Walt Moeling remembered as trusted adviser to countless bankers - American Banker](https://news.google.com/rss/articles/CBMioAFBVV95cUxPVV90eWlzR1F6cTNhamJMZVBudnpRaC1UUnhmY2pyd2QtV1ViZkotRHdWZUJ1Qk12TDRmMUtmLWR2bkVibE04TUt4SkZvU1JCU1VERWpSeW5DcHpQb2xjX3VmQTFBR3VyTUkycFBwSW5LcTg4YUMwVFRqUXQzNExzeU45cEg2Y2tVSjhVZ1B3VlZKbU1oOGJrTG95RkN2OXpu?oc=5) · American Banker

## How to verify

- Page: https://getbookiq.com/bank-desk/#bank=17089 (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/1.json (key "17089", 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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