# COMMODORE BANK
SOMERSET, OH · FDIC certificate 2289 · asset band <$300M · latest filing 2024-09 · stopped filing (departed)

**Verdict on the desk:** this could be *run candidate*. Composite score 8 (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 | $89.0M | |
| Deposits | $83.4M | |
| Loans and leases | $49.4M | |
| Total equity | $4.5M | |
| Loans / deposits | 58.87% (p29 of band) | 72.07% |
| Liquid assets / assets | 37.44% (p58 of band) | |
| Uninsured deposits / deposits | 9.25% (p13 of band) | 18.87% |
| Brokered deposits | 0.00% | |
| Wholesale funding | 0.00% (p19 of band) | |
| FHLB advances / assets | 0.00% | |
| Tier 1 leverage | 6.31% (p0 of band) | 11.60% |
| Unrealized securities loss / equity | -37.03% (p15 of band) | -10.38% |
| AOCI / equity | 13.96% (p93 of band) | |
| ROA (annualized) | -0.31% (p6 of band) | 0.91% |
| Net interest margin | 2.97% (p25 of band) | 3.54% |
| Efficiency ratio | 101.24% (p92 of band) | |
| Noncurrent loans | 2.23% (p91 of band) | 0.27% |
| Net charge-offs (annualized) | 0.02% (p73 of band) | |
| Reserve coverage of noncurrent | 32.88% | |
| Real estate % of loans | 90% | |
| Construction % of loans | 43.17% (p73 of band) | |
| Auto loans | $626,000 (1.27% of loans; DQ 5.11%, NCO 0.02%) | |
| Loans to nondepository financials | $0 (0% of equity) (p48 of band) | |
| Deposits YoY | -2.5% | |
| Employees | 14 | |

## Flags firing in the latest filing

- **leverage <7%** (`cap_low`)
- **capital falling** (`cap_falling`)
- **securities losses >30% of equity** (`cap_secloss`)
- **losing money** (`earn_negative`)
- **expense ratio p90** (`earn_efficiency`)
- **noncurrent p90** (`aq_noncurrent`)
- **reserve under noncurrent** (`aq_reserve`)
- **uninsured deposits leaving** (`flight_uninsured`)

## 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 | 1 |  |  |
| 2012-06 | 1 |  |  |
| 2012-09 | 2 | capital falling |  |
| 2012-12 | 2 |  |  |
| 2013-03 | 1 |  | capital falling |
| 2013-06 | 2 | expense ratio p90 |  |
| 2013-09 | 4 | capital falling, AOCI drag >20% of equity |  |
| 2013-12 | 3 |  | expense ratio p90 |
| 2014-03 | 1 |  | capital falling, AOCI drag >20% of equity |
| 2014-06 | 1 |  |  |
| 2014-09 | 1 |  |  |
| 2014-12 | 1 |  |  |
| 2015-03 | 2 | expense ratio p90 |  |
| 2015-06 | 4 | charge-offs p90, assets shrinking |  |
| 2015-09 | 2 |  | charge-offs p90, assets shrinking |
| 2015-12 | 1 |  | expense ratio p90 |
| 2016-03 | 2 | noncurrent p90 |  |
| 2016-06 | 2 | expense ratio p90 | noncurrent p90 |
| 2016-09 | 3 | capital falling |  |
| 2016-12 | 3 |  |  |
| 2017-03 | 2 |  | capital falling |
| 2017-06 | 3 | charge-offs p90 |  |
| 2017-09 | 4 | capital falling |  |
| 2017-12 | 4 | losing money | charge-offs p90 |
| 2018-03 | 3 |  | capital falling |
| 2018-06 | 3 |  |  |
| 2018-09 | 3 | noncurrent p90 | losing money |
| 2018-12 | 2 |  | noncurrent p90 |
| 2019-03 | 2 |  |  |
| 2019-06 | 2 |  |  |
| 2019-09 | 2 |  |  |
| 2019-12 | 4 | losing money, assets shrinking |  |
| 2020-03 | 3 |  | losing money |
| 2020-06 | 1 |  | expense ratio p90, assets shrinking |
| 2020-09 | 2 | noncurrent p90 |  |
| 2020-12 | 3 | expense ratio p90 |  |
| 2021-03 | 4 | capital falling |  |
| 2021-06 | 5 | charge-offs p90 |  |
| 2021-09 | 5 |  |  |
| 2021-12 | 4 |  | charge-offs p90 |
| 2022-03 | 6 | leverage <7%, losing money |  |
| 2022-06 | 7 | AOCI drag >20% of equity, securities losses >30% of equity | losing money |
| 2022-09 | 7 |  |  |
| 2022-12 | 6 |  | capital falling |
| 2023-03 | 9 | losing money, deposits shrinking, assets shrinking, uninsured deposits leaving | AOCI drag >20% of equity |
| 2023-06 | 9 |  |  |
| 2023-09 | 10 | capital falling |  |
| 2023-12 | 6 |  | deposits shrinking, assets shrinking, uninsured deposits leaving, capital falling |
| 2024-03 | 4 |  | expense ratio p90, losing money |
| 2024-06 | 4 |  |  |
| 2024-09 | 8 | capital falling, losing money, expense ratio p90, uninsured deposits leaving |  |

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

- 2024-03-04 [North Valley Bank of Zanesville has acquired Commodore Bank of Somerset - Zanesville Times Recorder](https://news.google.com/rss/articles/CBMi4gFBVV95cUxORHE0c1dwVjhpWDBONHpITXB5NWdCenF0TTRKaGZoajFoTUc2SzNsOFlzRG5nSGtRcEl3cTZocjE3WjZ3bFE0QnY1X0VZTHUxZDhBd1Q3YjhyRDI5YmNjZHREUWRwdzM1bzFySnhxaEFrdkF0Q3JycXBpQUg4R2p1MXh3REdCclZoQUxjclpHbGZYZ1pZQTVKSWtWQUFsX0Y1RTNZRkp4ZzU2ZjdORVMteVg4T0thWmhELTBXNm1DcG9XVU56cDJBYW9UdVJRbzZXREFCcTh1b2xFbld0TWJpMjF3?oc=5) · Zanesville Times Recorder
- 2024-02-27 [North Valley Bancshare Acquires Commodore Financial Network - WHIZ - Fox 5 / Marquee Broadcasting - WHIZ](https://news.google.com/rss/articles/CBMiS0FVX3lxTE0wNXd1NnVyUzRnQnZaY3RGa2VxalJqdUtGTnIweGxnNHhTRW9sLVdmOFpSTUtxTm83Z2d3UjBWUngxOC01VHN2YTFtdw?oc=5) · WHIZ
- 2026-05-19 [After 10X growth, Dublin bank was not looking for an acquirer – at first - The Business Journals](https://news.google.com/rss/articles/CBMiowFBVV95cUxOU1Z6Q21EekNDNEx2OW94N01TVG0xZWJTSVpjYkRvay1PZWJqMVRWRVRoOFpTY1ZpcnNaejRiUE54WE9jcV9hTjlRSHdzYzJsTEswbThyWTV2c3U5Ykw4YmdlRmtoUDI5RU12ZldtZm43c1JHdW1PYk1sY3VlSVdHWDFRVjdOakZIcndaanJTdkwyOHdPRFVSRFA2NHNOQnFmaUhj?oc=5) · The Business Journals
- 2024-10-29 [North Valley Bank Merges with Commodore - WHIZ - Fox 5 / Marquee Broadcasting - WHIZ](https://news.google.com/rss/articles/CBMibEFVX3lxTE9XMFZxUkVPWUpwOTQxZGZTYkNOT2h1LWpNT1hacmJkNGhRalI4S21icTNYNUNkbHpCeHhoTndzQzVwMEQzdV9MQ0NaQWEzQ2ZQak1RbDZIYkw2dkU5QWpxRnBJTzFIeC1saDN1dg?oc=5) · WHIZ
- 2024-02-07 [Millersport news: Lions Club makes donation to Foundation Dinners from collecting change - Lancaster Eagle-Gazette](https://news.google.com/rss/articles/CBMi1AFBVV95cUxNQWVnbnRhdVBlTDlDeG1IQ0JuSGoxdWpGSWhZak5YekcyN01yVDd2TzhWUGthRHlFbkx1VHRrLXkteG9ZMERFaGg2LTBzVFhtQ25IdGVIZkdVeUhOMmZISUFVYUhqbGc4eXFyVG5rdXdPOHN0UFlidDAzNGxoYWsxQnY0VnRHc3lKTnZZMVQwREw0ekQtQ3B1dHZTUU5ScmZJbkttRDhIQUt5ZklsSldYNGpOaDR1a1F4eUdjR2dDbHZEQXNaZ3pSZkFMa2UxSG1uZEk1cQ?oc=5) · Lancaster Eagle-Gazette
- 2025-02-12 [Dublin bank names new CEO to lead next stage of growth - The Business Journals](https://news.google.com/rss/articles/CBMingFBVV95cUxQVWVrMUdIYWpMZUZKRGVTRHp0ZFV4TVJQOU5EbC12Z1o4Y21FczViTFpVSmJmdG5iaUlDSENHcWlxNWl6NU12SV9nNTQ1SWdUVDkxTFlFdHd6WktRZEpnNjREbTltWkV6OUU0UmNDZzRaWVhwT1BzUlpSNGlKWUtRbGgwVVJhWkVRa091YjZKVzh3WTViYW1xNXBtQ2VqZw?oc=5) · The Business Journals
- 2018-10-18 [Steven Donald Mohler Obituary Oct 18, 2018 - Hoskinson Funeral and Cremation Service](https://news.google.com/rss/articles/CBMiaEFVX3lxTE9RS2JNd3hGZmduMUdBVGtMS3EwZDFXNGlxQU8zd0NUb0gwVlJLV2NaVWRmTGFKcmdFNk4yUy1FaEx5T3BOc0FoQnZNcVI5cUZobG5va3FVeElaN215UjEtdFRua1EtemI4?oc=5) · Hoskinson Funeral and Cremation Service
- 2024-12-18 [Millersport news: Foundation donation to food pantry helps with holiday baskets - Lancaster Eagle-Gazette](https://news.google.com/rss/articles/CBMi1wFBVV95cUxORzU2UWtkcHZZSHVWamlCelJCUHo4QjJ4cDg1X1Zub0tUbi1hYnpJTVZmOFN1a3dmQWl3bjU2NU1mOEI0SHJmVnlDbmFFNU1TY29UVXIwU09BdmtqUXpDRkZsYnN2RTNwN1JFUmV5MDExSFA4Wk9JMWE5R0JlNkRXZ3B1Nm1DNjRIVW1ha1Bzc1czUnN2N3k4Qkd4dTZpMFk0d0pjcTN4dG5GX1NxdEg2dnVRU09RZUFUU3VLVDVJdmFyLUo3QU9FNVl5ZWhkYnV5LWxvOWotOA?oc=5) · Lancaster Eagle-Gazette

## How to verify

- Page: https://getbookiq.com/bank-desk/#bank=2289 (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/49.json (key "2289", 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