# FIRST BANK
WADLEY, AL · FDIC certificate 1744 · asset band <$300M · latest filing 2023-09 · stopped filing (departed)

**Verdict on the desk:** this could be *run candidate*. Composite score 3 (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 | $126.2M | |
| Deposits | $118.8M | |
| Loans and leases | $39.3M | |
| Total equity | $6.8M | |
| Loans / deposits | 32.71% (p8 of band) | 69.44% |
| Liquid assets / assets | 65.49% (p91 of band) | |
| Uninsured deposits / deposits | 23.06% (p64 of band) | 19.29% |
| Brokered deposits | 1.79% | |
| Wholesale funding | 1.79% (p46 of band) | |
| FHLB advances / assets | 0.00% | |
| Tier 1 leverage | 9.69% (p24 of band) | 11.39% |
| Unrealized securities loss / equity | -81.73% (p16 of band) | -25.32% |
| AOCI / equity | -3.58% (p33 of band) | |
| ROA (annualized) | 1.48% (p74 of band) | 0.97% |
| Net interest margin | 3.49% (p47 of band) | 3.55% |
| Efficiency ratio | 57.60% (p25 of band) | |
| Noncurrent loans | 0.20% (p49 of band) | 0.22% |
| Net charge-offs (annualized) | 0.01% (p66 of band) | |
| Reserve coverage of noncurrent | 502.60% | |
| Real estate % of loans | 71% | |
| Construction % of loans | 122.81% (p92 of band) | |
| Auto loans | $305,000 (0.78% of loans; DQ 2.95%, NCO 0.00%) | |
| Loans to nondepository financials | $0 (0% of equity) (p48 of band) | |
| Deposits YoY | -4.5% | |
| Employees | 25 | |

## Flags firing in the latest filing

- **securities losses >30% of equity** (`cap_secloss`)
- **construction >100% equity** (`conc_construction`)
- **uninsured deposits leaving** (`flight_uninsured`)

## Warning timeline

| Quarter | Score | Flags that first fired | Flags that cleared |
|---|---|---|---|
| 2011-03 | 2 | reserve under noncurrent, construction >100% equity |  |
| 2011-06 | 1 |  | construction >100% equity |
| 2011-09 | 1 |  |  |
| 2011-12 | 1 |  |  |
| 2012-03 | 3 | charge-offs p90, uninsured deposits leaving |  |
| 2012-06 | 2 |  | uninsured deposits leaving |
| 2012-09 | 1 |  | charge-offs p90 |
| 2012-12 | 1 |  |  |
| 2013-03 | 1 |  |  |
| 2013-06 | 1 |  |  |
| 2013-09 | 3 | construction >100% equity, uninsured deposits leaving |  |
| 2013-12 | 0 |  | reserve under noncurrent, construction >100% equity, uninsured deposits leaving |
| 2014-03 | 0 |  |  |
| 2014-06 | 2 | capital falling, reserve under noncurrent |  |
| 2014-09 | 2 | noncurrent p90 | capital falling |
| 2014-12 | 4 | deposits shrinking, uninsured deposits leaving |  |
| 2015-03 | 3 | capital falling | noncurrent p90, uninsured deposits leaving |
| 2015-06 | 1 |  | deposits shrinking, capital falling |
| 2015-09 | 1 |  |  |
| 2015-12 | 0 |  | reserve under noncurrent |
| 2016-03 | 1 | capital falling |  |
| 2016-06 | 1 |  |  |
| 2016-09 | 1 |  |  |
| 2016-12 | 1 |  |  |
| 2017-03 | 1 |  |  |
| 2017-06 | 0 |  | capital falling |
| 2017-09 | 0 |  |  |
| 2017-12 | 0 |  |  |
| 2018-03 | 1 | capital falling |  |
| 2018-06 | 0 |  | capital falling |
| 2018-09 | 1 | construction >100% equity |  |
| 2018-12 | 0 |  | construction >100% equity |
| 2019-03 | 1 | capital falling |  |
| 2019-06 | 1 |  |  |
| 2019-09 | 0 |  | capital falling |
| 2019-12 | 0 |  |  |
| 2020-03 | 1 | capital falling |  |
| 2020-06 | 1 |  |  |
| 2020-09 | 0 |  | capital falling |
| 2020-12 | 0 |  |  |
| 2021-03 | 0 |  |  |
| 2021-06 | 0 |  |  |
| 2021-09 | 0 |  |  |
| 2021-12 | 0 |  |  |
| 2022-03 | 2 | capital falling, AOCI drag >20% of equity |  |
| 2022-06 | 2 | securities losses >30% of equity | capital falling |
| 2022-09 | 3 | construction >100% equity |  |
| 2022-12 | 3 |  |  |
| 2023-03 | 2 |  | AOCI drag >20% of equity |
| 2023-06 | 1 |  | construction >100% equity |
| 2023-09 | 3 | construction >100% equity, uninsured deposits leaving |  |

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

- 2026-03-20 [First Bank of Alabama Completes Acquisition of First Fidelity Bank - PR Newswire](https://news.google.com/rss/articles/CBMivwFBVV95cUxNelR6LWpyTklNaW9QUi1RUGtPVF94NHRVUmo4ZkZzQzlRYUQ3MndZcWR0Zkh3UWFBMFVBdHRaRkM2VE9XWjdWVTNlaFZHYkE1dlJicWd6SjdqVWpiOTlJYnVMQ1BwaTFqdkJzWGlXVHBaNE9Tb3ZlS2s3cDVjUnhRTUxzSFZKSVFiZ281cFJib2M3aUVvSElCMU8zNy1GTTRBaE9BYkFtTnJUT09qenVkX2RFc2t5cDRCNE5NWFpTUQ?oc=5) · PR Newswire
- 2026-08-25 [First Bank of Alabama honors Chris Kramer with endowed Chair on 98th birthday - Sylacauga News](https://news.google.com/rss/articles/CBMitAFBVV95cUxOTjU3Vm1jYXJieGhuYmdQdWJtd28yRGs3cUZPTkNTWFBTSm9iMGY1VHExZHNlY2JibjhabndTRzZZWkl2dzJCeDVpSmJKX0l5Y0hqYmhKZmhjR2E5THNCb05hRktVa1dSdWpaU2xOaUpBeTdPdWNFSGZMMGdYY0l0LWtOVDN5TTA5V3oxZExWU3dQLS1IXzA1Z2s2dWJZemlqdUpBbVl1OHFTSTZZTlYxcGF6RWQ?oc=5) · Sylacauga News
- 2026-06-23 [First Bank of Alabama Selects Enable for Digital Consumer and Business Credit Card Origination - ACCESS Newswire](https://news.google.com/rss/articles/CBMi5AFBVV95cUxQZjZobHVpSnItWlkyMWpPNDBDY1R1ZlNiN3Y4UmZhbkNoLU93NlZXMUtDajJKNUdpLVRRZHJmdDhQTnhDdUJXN2d0Q1FidXFVZTcwazdMTG5rSWVjRy14Wk05TEl5cUFzbU5LNzlvNkdBUDF2VEJBWWhhN0taN19CMXhuWEVrNElYMXF5ZzNTclJiRVQtdGlxT0hRQTQwVS04RXlad1NrUEZsY0FTeUFXdFhzVWVjQmpUNnRYUVhmN3Y3S21ZNVg2bmR0TDN0VGVybDY1dWJadWI2a09XYmR6N1d5bVk?oc=5) · ACCESS Newswire
- 2025-12-11 [Two Alabama banks merge in $20.5 million deal - businessalabama.com](https://news.google.com/rss/articles/CBMifkFVX3lxTE96UXR6VklJY0NaUDJ2U2tQVUdESWRKa3A1LTZZS0xSc0NoTElIeTNpczIzWWdYWE9VcFZKSXpIdHJmNVVNa3ljaklNdXhWYUJLbmZxZ1hjWGRMMWNoU2FleHMxM3lTeG43TTlpZF8wZkZpQXRZZ2hRaVM3ZEdIdw?oc=5) · businessalabama.com
- 2025-12-10 [Alabama banks agree to $20M deal - The Business Journals](https://news.google.com/rss/articles/CBMikAFBVV95cUxNM2RON2h2V3VRVW5IRUhuTG9YMUVGZ0dQR2FIUDBXOUs2NGUxVWZMam5fVXIydkMweU9fUldNTmFmUjFpWE5tZ04zY0xUaVgxYXpxVnphZ2FKV1dwMDNxSDJRaDhHdWVLcHlackJHejVuUVRNbkFqaXVZM0s5eTVpZE9FZXhzU0VfUHpPNkZyQnI?oc=5) · The Business Journals
- 2025-12-12 [First Bank of Alabama acquiring First Fidelity Bank - times-journal.com](https://news.google.com/rss/articles/CBMijAFBVV95cUxQYWZCTUhqYUY5SEh6NGI3YW9ZdlF5WVdpM1BCV0RWUmo5anpvQk16YV8tRXVIMzJydS1ieU5rU0lXa29wS0t5aGd1MmtLaG1jdlVqcmhLdl8tMEJ3WTZHaGZTRE5tam1MVkhJQWM1MUUyYm41YkRlZUN2SVRRcncwLXBNa0x5YzNlenVNWA?oc=5) · times-journal.com
- 2026-04-21 [Hyak Motorsports Announces Associate Sponsorship for Talladega with First Bank of Alabama - Speedway Digest](https://news.google.com/rss/articles/CBMi9AFBVV95cUxQcXNJNjNQZk1PdkxiYXdfZmR3Rzk2THMtOE9DVXB3ZTIzUkxXU3RwM2wwWU9vWTVJR0o2clhWTy04OEJEamlEUjlPSHZQZlBQZmVZTzJYeFh5enMxZ21OZHgyS2J6Q0VzemtzanVILUwwYkdmRTliOUhCSkVFblBaa21yR2lReV9PM0loQTlHMThIckVtaVBGSkxadWV2cUNjQkpkSnpXejg4QUJIUjNDb29GMjg5eDRFbndzS2pJRGwxUHdpcWwzSkVQQ19ZSURHZFJWQTg4cVJ6c05RUkJkSHNHWk9ydlNyNmh1aU9JQ1A3ZDhm?oc=5) · Speedway Digest
- 2026-03-26 [FirstBanc of Alabama completes $20.5 million acquisition, expanding footprint in east Alabama - Sylacauga News](https://news.google.com/rss/articles/CBMixwFBVV95cUxPc1ltNkprTzNQQXltR1A2ZmExam45M182aDhlYTdhRmtoRUExeUZsYnVkZFgxSWFzQUVXbXJ0S0FQNUY4bTJRSExXSGxmX1g4Q0RRZklqcWxpWHo2YzBvQi1PQWFuMEFlR081TFRWZTNJMHhtdno0eTRSWXRKeHNMeExTSWVoNklYM0JZZmtDNnV0cTRFR0Y4MjNzY1FtdDJHSnNQaFhUOXdzckN1bGQzcXU2SFRza1VUR2hOVThKUXBpbEZraVRN?oc=5) · Sylacauga News

## How to verify

- Page: https://getbookiq.com/bank-desk/#bank=1744 (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/16.json (key "1744", 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