# LIBERTY BANK FSB
WEST DES MOINES, IA · FDIC certificate 20594 · asset band <$300M · latest filing 2013-09 · stopped filing (departed)

**Verdict on the desk:** this could be *credit-stressed*. Composite score 10 (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 | $267.5M | |
| Deposits | $224.4M | |
| Loans and leases | $138.4M | |
| Total equity | $15.7M | |
| Loans / deposits | 57.27% (p29 of band) | 69.26% |
| Liquid assets / assets | 43.44% (p67 of band) | |
| Uninsured deposits / deposits | 5.62% (p18 of band) | 11.87% |
| Brokered deposits | 0.00% | |
| Wholesale funding | 9.35% (p82 of band) | |
| FHLB advances / assets | 9.35% | |
| Tier 1 leverage | 5.93% (p3 of band) | 10.33% |
| Unrealized securities loss / equity | -1.00% (p45 of band) | -0.53% |
| AOCI / equity | -3.36% (p48 of band) | |
| ROA (annualized) | -2.45% (p1 of band) | 0.77% |
| Net interest margin | 2.37% (p6 of band) | 3.62% |
| Efficiency ratio | 170.40% (p99 of band) | |
| Noncurrent loans | 11.00% (p99 of band) | 1.08% |
| Net charge-offs (annualized) | 1.54% (p98 of band) | |
| Reserve coverage of noncurrent | 64.75% | |
| Real estate % of loans | 83% | |
| Construction % of loans | 25.61% (p63 of band) | |
| Auto loans | $762,000 (0.55% of loans; DQ 0.26%, NCO 0.01%) | |
| Loans to nondepository financials | $0 (0% of equity) (p48 of band) | |
| Deposits YoY | -47.3% | |
| Employees | 98 | |

## Flags firing in the latest filing

- **leverage <7%** (`cap_low`)
- **losing money** (`earn_negative`)
- **expense ratio p90** (`earn_efficiency`)
- **NIM <2.5%** (`earn_nim`)
- **noncurrent p90** (`aq_noncurrent`)
- **charge-offs p90** (`aq_nco`)
- **reserve under noncurrent** (`aq_reserve`)
- **deposits shrinking** (`shrink_deposits`)
- **assets shrinking** (`shrink_assets`)
- **uninsured deposits leaving** (`flight_uninsured`)

## Warning timeline

| Quarter | Score | Flags that first fired | Flags that cleared |
|---|---|---|---|
| 2011-03 | 7 | leverage <7%, leverage <5%, expense ratio p90, noncurrent p90, reserve under noncurrent, construction >100% equity |  |
| 2011-06 | 9 | losing money, charge-offs p90 |  |
| 2011-09 | 9 |  |  |
| 2011-12 | 10 | capital falling |  |
| 2012-03 | 11 | NIM <2.5%, deposits shrinking, assets shrinking, uninsured deposits leaving | expense ratio p90, losing money, capital falling |
| 2012-06 | 9 |  | leverage <5% |
| 2012-09 | 8 |  | construction >100% equity |
| 2012-12 | 9 | expense ratio p90 |  |
| 2013-03 | 8 | losing money | charge-offs p90, uninsured deposits leaving |
| 2013-06 | 9 | charge-offs p90, uninsured deposits leaving | NIM <2.5% |
| 2013-09 | 10 | NIM <2.5% |  |

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

- 2012-04-13 [Bank sues former Hawkeye Tim Dwight - thegazette.com](https://news.google.com/rss/articles/CBMiuAFBVV95cUxOOHlrNTl5WkR2ZC1mcWJPX2luTHNKYWQyN0YzamFkRGFibWlvUjNzS3BtOTV5WTNIQkkza1FtcU8zNlUzeHR6a1BGamxLenVWZUdyeFFsbUtyNjItRVhueFBuWWRLR1RJWTBvbm1XaWdZTHQwb2dnclVBckJ6SFlvSnhuNG5Uay1jLWxiYkxfR2VreGptYmZscjZVcUQtOUdSMV9lOEVxZmNUZ1VZVW5BajFnSzc5S0JJ?oc=5) · thegazette.com

## How to verify

- Page: https://getbookiq.com/bank-desk/#bank=20594 (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/50.json (key "20594", 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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