# FIRST NB OF THE LAKES
NAVARRE, MN · FDIC certificate 19103 · asset band <$300M · latest filing 2016-03 · stopped filing (departed)

**Verdict on the desk:** this could be *ordinary*. Composite score 1 (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 | $75.7M | |
| Deposits | $69.1M | |
| Loans and leases | $29.6M | |
| Total equity | $6.5M | |
| Loans / deposits | 42.16% (p11 of band) | 72.92% |
| Liquid assets / assets | 59.78% (p88 of band) | |
| Uninsured deposits / deposits | 15.42% (p57 of band) | 13.88% |
| Brokered deposits | 0.00% | |
| Wholesale funding | 0.00% (p18 of band) | |
| FHLB advances / assets | 0.00% | |
| Tier 1 leverage | 8.40% (p10 of band) | 10.70% |
| Unrealized securities loss / equity | 0.12% (p23 of band) | 1.19% |
| AOCI / equity | 0.15% (p29 of band) | |
| ROA (annualized) | 0.74% (p44 of band) | 0.83% |
| Net interest margin | 2.48% (p6 of band) | 3.64% |
| Efficiency ratio | 79.32% (p66 of band) | |
| Noncurrent loans | 0.64% (p48 of band) | 0.70% |
| Net charge-offs (annualized) | 0.07% (p78 of band) | |
| Reserve coverage of noncurrent | 238.83% | |
| Real estate % of loans | 73% | |
| Construction % of loans | 0.00% (p7 of band) | |
| Auto loans | $970,000 (3.28% of loans; DQ 0.21%, NCO 0.00%) | |
| Loans to nondepository financials | $0 (0% of equity) (p48 of band) | |
| Deposits YoY | 6.8% | |
| Employees | 23 | |

## Flags firing in the latest filing

- **NIM <2.5%** (`earn_nim`)

## Warning timeline

| Quarter | Score | Flags that first fired | Flags that cleared |
|---|---|---|---|
| 2011-03 | 1 | reserve under noncurrent |  |
| 2011-06 | 1 |  |  |
| 2011-09 | 1 |  |  |
| 2011-12 | 1 |  |  |
| 2012-03 | 3 | capital falling, noncurrent p90 |  |
| 2012-06 | 4 | expense ratio p90 |  |
| 2012-09 | 4 | uninsured deposits leaving | noncurrent p90 |
| 2012-12 | 1 |  | capital falling, expense ratio p90, uninsured deposits leaving |
| 2013-03 | 1 |  |  |
| 2013-06 | 2 | capital falling |  |
| 2013-09 | 2 |  |  |
| 2013-12 | 1 |  | reserve under noncurrent |
| 2014-03 | 0 |  | capital falling |
| 2014-06 | 0 |  |  |
| 2014-09 | 0 |  |  |
| 2014-12 | 0 |  |  |
| 2015-03 | 1 | NIM <2.5% |  |
| 2015-06 | 1 |  |  |
| 2015-09 | 2 | capital falling |  |
| 2015-12 | 2 |  |  |
| 2016-03 | 1 |  | capital falling |

## 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=19103 (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/31.json (key "19103", 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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