# MERIDIAN BANK NATIONAL ASSN
PHOENIX, AZ · FDIC certificate 22644 · asset band $300M-1B · latest filing 2015-03 · stopped filing (departed)

**Verdict on the desk:** this could be *fortress*. Composite score 0 (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 | $744.7M | |
| Deposits | $583.7M | |
| Loans and leases | $536.8M | |
| Total equity | $102.9M | |
| Loans / deposits | 90.88% (p72 of band) | 79.82% |
| Liquid assets / assets | 26.40% (p49 of band) | |
| Uninsured deposits / deposits | 15.97% (p37 of band) | 19.17% |
| Brokered deposits | 2.89% | |
| Wholesale funding | 10.27% (p70 of band) | |
| FHLB advances / assets | 4.70% | |
| Tier 1 leverage | 13.65% (p90 of band) | 10.09% |
| Unrealized securities loss / equity | 1.39% (p44 of band) | 1.83% |
| AOCI / equity | 1.27% (p85 of band) | |
| ROA (annualized) | 1.43% (p83 of band) | 0.88% |
| Net interest margin | 5.68% (p98 of band) | 3.54% |
| Efficiency ratio | 80.72% (p79 of band) | |
| Noncurrent loans | 0.37% (p25 of band) | 0.85% |
| Net charge-offs (annualized) | -0.63% (p1 of band) | |
| Reserve coverage of noncurrent | 318.10% | |
| Real estate % of loans | 59% | |
| Construction % of loans | 51.59% (p68 of band) | |
| Auto loans | $48,000 (0.01% of loans; DQ 0.00%, NCO 0.00%) | |
| Loans to nondepository financials | $0 (0% of equity) (p44 of band) | |
| Deposits YoY | 1.3% | |
| Employees | 178 | |

## Flags firing in the latest filing

- none

## Warning timeline

| Quarter | Score | Flags that first fired | Flags that cleared |
|---|---|---|---|
| 2011-03 | 3 | brokered >10%, wholesale funding >15%, reserve under noncurrent |  |
| 2011-06 | 3 |  |  |
| 2011-09 | 2 |  | reserve under noncurrent |
| 2011-12 | 3 | reserve under noncurrent |  |
| 2012-03 | 6 | charge-offs p90, deposits shrinking, assets shrinking, uninsured deposits leaving | reserve under noncurrent |
| 2012-06 | 4 |  | wholesale funding >15%, uninsured deposits leaving |
| 2012-09 | 4 | wholesale funding >15% | charge-offs p90 |
| 2012-12 | 2 |  | brokered >10%, wholesale funding >15% |
| 2013-03 | 5 | expense ratio p90, charge-offs p90, reserve under noncurrent |  |
| 2013-06 | 7 | wholesale funding >15%, uninsured deposits leaving |  |
| 2013-09 | 4 | loans exceed deposits | assets shrinking, charge-offs p90, reserve under noncurrent, uninsured deposits leaving |
| 2013-12 | 0 |  | deposits shrinking, expense ratio p90, wholesale funding >15%, loans exceed deposits |
| 2014-03 | 0 |  |  |
| 2014-06 | 0 |  |  |
| 2014-09 | 0 |  |  |
| 2014-12 | 0 |  |  |
| 2015-03 | 0 |  |  |

## 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=22644 (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/52.json (key "22644", 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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