# SUNSOUTH BANK
DOTHAN, AL · FDIC certificate 18600 · asset band <$300M · latest filing 2023-12 · stopped filing (departed)

**Verdict on the desk:** this could be *run candidate*. Composite score 4 (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 | $112.2M | |
| Deposits | $91.3M | |
| Loans and leases | $40.1M | |
| Total equity | $7.7M | |
| Loans / deposits | 43.31% (p16 of band) | 70.54% |
| Liquid assets / assets | 61.88% (p88 of band) | |
| Uninsured deposits / deposits | 21.08% (p57 of band) | 19.32% |
| Brokered deposits | 0.00% | |
| Wholesale funding | 11.43% (p83 of band) | |
| FHLB advances / assets | 5.64% | |
| Tier 1 leverage | 9.36% (p21 of band) | 11.31% |
| Unrealized securities loss / equity | -100.51% (p5 of band) | -16.04% |
| AOCI / equity | 6.36% (p70 of band) | |
| ROA (annualized) | -0.32% (p5 of band) | 0.93% |
| Net interest margin | 2.15% (p4 of band) | 3.54% |
| Efficiency ratio | 115.62% (p97 of band) | |
| Noncurrent loans | 0.00% (p13 of band) | 0.20% |
| Net charge-offs (annualized) | -0.01% (p10 of band) | |
| Reserve coverage of noncurrent | – | |
| Real estate % of loans | 62% | |
| Construction % of loans | 12.95% (p40 of band) | |
| Auto loans | $320,000 (0.80% of loans; DQ 0.00%, NCO 0.00%) | |
| Loans to nondepository financials | $0 (0% of equity) (p48 of band) | |
| Deposits YoY | -3.3% | |
| Employees | 16 | |

## Flags firing in the latest filing

- **securities losses >30% of equity** (`cap_secloss`)
- **losing money** (`earn_negative`)
- **expense ratio p90** (`earn_efficiency`)
- **NIM <2.5%** (`earn_nim`)

## Warning timeline

| Quarter | Score | Flags that first fired | Flags that cleared |
|---|---|---|---|
| 2011-03 | 7 | brokered >10%, wholesale funding >15%, losing money, expense ratio p90, noncurrent p90, reserve under noncurrent, construction >100% equity |  |
| 2011-06 | 7 |  |  |
| 2011-09 | 7 | capital falling | expense ratio p90 |
| 2011-12 | 7 |  |  |
| 2012-03 | 6 | expense ratio p90, charge-offs p90 | noncurrent p90, construction >100% equity, capital falling |
| 2012-06 | 8 | liquid assets <10%, deposits shrinking, assets shrinking | wholesale funding >15% |
| 2012-09 | 9 | wholesale funding >15%, noncurrent p90 | expense ratio p90 |
| 2012-12 | 9 | expense ratio p90 | liquid assets <10% |
| 2013-03 | 9 | capital falling | noncurrent p90 |
| 2013-06 | 10 | uninsured deposits leaving |  |
| 2013-09 | 9 | leverage <7%, noncurrent p90 | deposits shrinking, assets shrinking, uninsured deposits leaving |
| 2013-12 | 10 | uninsured deposits leaving |  |
| 2014-03 | 10 | deposits shrinking, assets shrinking | charge-offs p90, capital falling |
| 2014-06 | 9 | charge-offs p90, construction >100% equity | brokered >10%, wholesale funding >15%, uninsured deposits leaving |
| 2014-09 | 10 | wholesale funding >15% |  |
| 2014-12 | 9 |  | charge-offs p90 |
| 2015-03 | 6 | capital falling | losing money, expense ratio p90, assets shrinking, construction >100% equity |
| 2015-06 | 6 | construction >100% equity | capital falling |
| 2015-09 | 6 | expense ratio p90 | deposits shrinking |
| 2015-12 | 5 | capital falling | wholesale funding >15%, construction >100% equity |
| 2016-03 | 10 | leverage <5%, losing money, charge-offs p90, construction >100% equity |  |
| 2016-06 | 11 | wholesale funding >15% |  |
| 2016-09 | 11 | assets shrinking | wholesale funding >15% |
| 2016-12 | 9 |  | noncurrent p90, assets shrinking |
| 2017-03 | 7 |  | capital falling, charge-offs p90 |
| 2017-06 | 10 | wholesale funding >15%, deposits shrinking, assets shrinking |  |
| 2017-09 | 6 | noncurrent p90 | expense ratio p90, leverage <5%, losing money, assets shrinking |
| 2017-12 | 5 | expense ratio p90, assets shrinking, uninsured deposits leaving | reserve under noncurrent, construction >100% equity, wholesale funding >15%, noncurrent p90 |
| 2018-03 | 5 |  |  |
| 2018-06 | 6 | wholesale funding >15% |  |
| 2018-09 | 7 | losing money |  |
| 2018-12 | 5 |  | uninsured deposits leaving, wholesale funding >15% |
| 2019-03 | 7 | wholesale funding >15%, NIM <2.5%, charge-offs p90 | losing money |
| 2019-06 | 4 |  | wholesale funding >15%, NIM <2.5%, charge-offs p90 |
| 2019-09 | 4 |  |  |
| 2019-12 | 3 |  | leverage <7% |
| 2020-03 | 1 | charge-offs p90 | deposits shrinking, expense ratio p90, assets shrinking |
| 2020-06 | 0 |  | charge-offs p90 |
| 2020-09 | 1 | capital falling |  |
| 2020-12 | 1 | expense ratio p90 | capital falling |
| 2021-03 | 1 | NIM <2.5% | expense ratio p90 |
| 2021-06 | 1 | uninsured deposits leaving | NIM <2.5% |
| 2021-09 | 0 |  | uninsured deposits leaving |
| 2021-12 | 1 | expense ratio p90 |  |
| 2022-03 | 5 | AOCI drag >20% of equity, securities losses >30% of equity, deposits shrinking, assets shrinking, uninsured deposits leaving | expense ratio p90 |
| 2022-06 | 3 |  | deposits shrinking, uninsured deposits leaving |
| 2022-09 | 3 | deposits shrinking | assets shrinking |
| 2022-12 | 3 |  |  |
| 2023-03 | 4 | expense ratio p90, assets shrinking | AOCI drag >20% of equity |
| 2023-06 | 5 | losing money, NIM <2.5% | assets shrinking |
| 2023-09 | 5 | capital falling | deposits shrinking |
| 2023-12 | 4 |  | capital falling |

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

- 2023-06-02 [Alabama credit union to buy SunSouth Bank - Banking Dive](https://news.google.com/rss/articles/CBMiigFBVV95cUxNYmpTanBwQW5EUklDdjZIV1JFSVdwYTV5SHByM1RQWjJ6aFRyb3ZoNXZ4NWM5UGkzY08xNlBDa09ZYUkwQVVOaGQwN1phR1hQMFF3bVhOWUVuNzJuMTI1eXRRMTRZVlFpZ19ZMHBPNkJhazU5Wm45WG1oaDdpeC1sanNpbFFjN21tWUE?oc=5) · Banking Dive
- 2023-06-02 [Alabama credit union buys Dothan-based bank - The Business Journals](https://news.google.com/rss/articles/CBMiqgFBVV95cUxOeXQycVhHTGVuaERVY0tobkdxQWI3dkdBblgyRC1aVHpYU1BzRjQ2YlF2MXRXVnAtb29qY0RaWjJrQVVILTFzdU9SNUlocmxFQVJfUTBmM0dUOERJaXJmUlQ3SU5FSDJRek40bE8tbDFlOVY4US1OblYtUDdENnBKZEFZTFZGWVhlLXdzZ2VqZEhFWC12dkhvbXF1Yk91czNocld5bUlnRnZlZw?oc=5) · The Business Journals
- 2024-01-03 [All In Credit Union to acquire five bank branches in Alabama - American Banker](https://news.google.com/rss/articles/CBMirgFBVV95cUxPNXFZcm1mdmkyRmNCUlp1SFdrWmZRN2ZiOE9hcmhMdG4wUWxjcUQ4UW9LTGRNUHR4QXhJaXk5OG9KWGZVaVVIcXFNcHdoRGxOWFpyR2dzX2xYU25ucm1GYml4REs4dGQ4bEFvZ2xEUjZ6NVFON3FrXzh3VEFLUWdXdWNXUFBrYThrdW1hRHFFaHkxN0tpRzA4dV9Oay14dk5oWVpualJFSUlJVmVVVWc?oc=5) · American Banker
- 2024-01-04 [Alabama credit union to buy 5 branches of community bank - Banking Dive](https://news.google.com/rss/articles/CBMirgFBVV95cUxONWtIM0puZW5IQ2NwMmk1QmVRZjNFanJLQlNic1pQcGNYQW4wdE1WcFR6eDJJQkt4XzNIMHp5b2FndjRDMlhDbXhEYkNvaGc2S2N2b2ZacWNtdTFwb2R5cHJxSjhTLU90MjMyUGQ3YWFYdFJrcXJoV19DQWJZaW53enFtd2hrLWk2MnNmSThpLWhuWjJNVFZCWlowMDdlZlZ6ak9WS2V4V1JqTEZSWHc?oc=5) · Banking Dive
- 2023-06-01 [All In Credit Union to acquire Alabama community bank - American Banker](https://news.google.com/rss/articles/CBMipAFBVV95cUxPVnlNTXN5X2xEMXJyZ3dQQWNFT3BwblJwWWFGYWl0TXozMm1XbnZlZlY1LTZTV3pOeXhyMGV6VlhIajJmZElrWXQyV01sZWJNd0dUMml1YVA3X1l2V1pZZTdTOElCWkxUT1dmMV80TzdwMmdLX0NCWmNMWUdNd3VNZW1wZVBBMklaUm1PS0t2akM2V2JKTzlyZDFRN1RhT2pkaU1tNA?oc=5) · American Banker
- 2026-02-14 [Frances Daniels Obituary (1935 - 2026) - Dothan, AL - Dothan Eagle - legacy.com](https://news.google.com/rss/articles/CBMilAFBVV95cUxPaEJvS1M1OHVzRVFCNlIxVnh1S24zN28zVnZmTlpaYk5lX3ZuSDdhSlVZY1lXU0tuSWRPQXVqRHlzVlZIa3g0YUUtbmZVYWg4ZEJ2RERFR2M2ZE1XZzRMbU9Nak9VNzcyRWRUVWpTS1BTTEU4Rm1FRmNIanhQT2FNQmV4ZjlMN3lxVzdXbTFMN2VyQzM5?oc=5) · legacy.com
- 2023-06-07 [New Mexico credit union to buy Western Heritage Bank - Banking Dive](https://news.google.com/rss/articles/CBMiswFBVV95cUxNYl91WUg1eE9kczM1U2pzU2RwUGdXYS0zdXNSMjhhN0ltSzgwQ0IzNm5ob3FFd0NfRm5oSUtyd1pfSXhMa1FLNWhydHZqLWVnSWhTQmFHUVItMUhYVHV4aG9fZmk0MmtyaXlRa05CLWRqSnVMdTA3Q2h1Y1oyTDNCSUlWTFdRQmVDVEFoN0g1N0FPRkpFSXNWdVhWZFRBdDY1a0o2aU5QVjFNVjNSVGtPQ3JGaw?oc=5) · Banking Dive
- 2010-03-12 [Vickie Deese Holland Obituary Mar 12, 2010 - Sunset Memorial Park, Funeral Home, and Crematory](https://news.google.com/rss/articles/CBMibEFVX3lxTFBJb0dFSHUxZlB0OFZ0MXRBNkdUajlOQklMSzNJY1RzRWpBcmo2a2lUVGFPTi1MUjVyaTlUMTY5WVNqbGVNZmtrMU1waHdHVzNsUU13T0xvVFRNYTE5X19KblYtSDlDN2Q5OU5hMw?oc=5) · Sunset Memorial Park, Funeral Home, and Crematory

## How to verify

- Page: https://getbookiq.com/bank-desk/#bank=18600 (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/40.json (key "18600", 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