# NEXITY BANK
BIRMINGHAM, AL · FDIC certificate 19794 · asset band $300M-1B · latest filing 2011-03 · FAILED

**Verdict on the desk:** this could be *credit-stressed*. Composite score 9 (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 | $757.6M | |
| Deposits | $611.7M | |
| Loans and leases | $346.5M | |
| Total equity | $-3.2M | |
| Loans / deposits | 54.88% (p10 of band) | 78.23% |
| Liquid assets / assets | 43.18% (p85 of band) | |
| Uninsured deposits / deposits | 0.01% (p2 of band) | 11.67% |
| Brokered deposits | 1.99% | |
| Wholesale funding | 21.13% (p88 of band) | |
| FHLB advances / assets | 19.14% | |
| Tier 1 leverage | 0.06% (p0 of band) | 9.23% |
| Unrealized securities loss / equity | – | 0.92% |
| AOCI / equity | – | |
| ROA (annualized) | -2.94% (p2 of band) | 0.63% |
| Net interest margin | 0.79% (p1 of band) | 3.68% |
| Efficiency ratio | 366.82% (p100 of band) | |
| Noncurrent loans | 22.48% (p99 of band) | 2.23% |
| Net charge-offs (annualized) | 0.43% (p67 of band) | |
| Reserve coverage of noncurrent | 13.82% | |
| Real estate % of loans | 78% | |
| Construction % of loans | – | |
| Auto loans | $54,000 (0.02% of loans; DQ 0.00%, NCO 0.00%) | |
| Loans to nondepository financials | $16.7M (– of equity) | |
| Deposits YoY | – | |
| Employees | 76 | |

## Flags firing in the latest filing

- **wholesale funding >15%** (`liq_wholesale`)
- **leverage <7%** (`cap_low`)
- **leverage <5%** (`cap_critical`)
- **losing money** (`earn_negative`)
- **expense ratio p90** (`earn_efficiency`)
- **NIM <2.5%** (`earn_nim`)
- **noncurrent p90** (`aq_noncurrent`)
- **reserve under noncurrent** (`aq_reserve`)

## Warning timeline

| Quarter | Score | Flags that first fired | Flags that cleared |
|---|---|---|---|
| 2011-03 | 9 | wholesale funding >15%, leverage <7%, leverage <5%, losing money, expense ratio p90, NIM <2.5%, noncurrent p90, reserve under noncurrent |  |

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

- 2017-12-12 [What makes Birmingham fertile ground for a new bank - American Banker](https://news.google.com/rss/articles/CBMikAFBVV95cUxQZS02UWRsYzZacEJlYnRZUURtM2ZoalpDMU4zckE0YXNYMEZ2bmJaMUtLWUpIRDhhUllIODdNNUppTXpVaWtVWkZhYkpYY1E2azIxeVR4akE1Nm9wb1FhaDJEbmhmSDNjVHF1MnBJVGFtbGdOUzFGOUZIaWNmcDFsV0psZm1zTDNTSUdSS1NuQ1A?oc=5) · American Banker
- 2010-12-29 [USDOJ: US Attorney's Office - NAME OF YOUR DISTRICT HERE - Department of Justice (.gov)](https://news.google.com/rss/articles/CBMirgFBVV95cUxNTHNjd0ZmZHVUUlktVUdnSFJMdEh2NDV3VlpQdXEtamNEdDNSUmp5emdUX0NpTEFZNWQ4SW9UZXo2NjRTQmxST00tVC1XWUVoeEhoQlhQTUxRXzhhMFE2Wk5sSGZIYWd3VUxoUUhoWGVwVHkxVG15b1JkMEM5Y2duS1R0cWpwZWkwSXRNUkpXUnh5QzVJdFk0N0oxT01yUmJvVEdxdjhiVUg5SFotdEE?oc=5) · Department of Justice (.gov)
- 2011-04-15 [Rosemount bank among 6 seized by FDIC - Pioneer Press](https://news.google.com/rss/articles/CBMiggFBVV95cUxOR3hycm1SVm1Ba3ZEaGxMR2ZmSExvYmJLQ09IRUZHSzlQdGExNTlvcmRuMWIzQVdtbzdHc3B6Z18zV0ZxLTJTR3o0NkRzdE5CdHZYNUhzMk5kUkZiWE1mTU54RmpBdzV6akx4TTJ5ZWZudzNYdHk5akgzQ1pTM3IweG5B?oc=5) · Pioneer Press
- 2021-10-10 [JOHN A. PONSFORD Jr. - AL.com](https://news.google.com/rss/articles/CBMijgFBVV95cUxNOVNEbVVsSTlDT3hnLVVwLWVZd21xY2RtN2Q1M0xHX0Y4UTk3SDhsQnRLejlaU3ZFQ29EN3QxRGY4X0V6bFVZS1hmSk1RVXlvN0JKOWtCVmFkaTF2MHY0RzR3ZUw3dlpBTk4xazVqUEJJMW5wYk11NkpoUlg1WmxRSE1nQVFTRnZ0ZGoyT2J3?oc=5) · AL.com

## How to verify

- Page: https://getbookiq.com/bank-desk/#bank=19794 (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 "19794", 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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