# SCOTIABANK DE PUERTO RICO
SAN JUAN, PR · FDIC certificate 22946 · asset band $1-10B · latest filing 2019-09 · stopped filing (departed)

**Verdict on the desk:** this could be *credit-stressed*. Composite score 4 (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 | $3.51B | |
| Deposits | $2.67B | |
| Loans and leases | $2.13B | |
| Total equity | $726.5M | |
| Loans / deposits | 75.66% (p19 of band) | 89.84% |
| Liquid assets / assets | 36.48% (p87 of band) | |
| Uninsured deposits / deposits | 32.80% (p62 of band) | 27.30% |
| Brokered deposits | 0.00% | |
| Wholesale funding | 1.69% (p22 of band) | |
| FHLB advances / assets | 0.00% | |
| Tier 1 leverage | 20.55% (p98 of band) | 10.38% |
| Unrealized securities loss / equity | 0.24% (p29 of band) | 0.89% |
| AOCI / equity | 1.10% (p34 of band) | |
| ROA (annualized) | 1.80% (p87 of band) | 1.20% |
| Net interest margin | 4.21% (p82 of band) | 3.64% |
| Efficiency ratio | 54.91% (p29 of band) | |
| Noncurrent loans | 13.19% (p100 of band) | 0.50% |
| Net charge-offs (annualized) | 0.10% (p78 of band) | |
| Reserve coverage of noncurrent | 38.33% | |
| Real estate % of loans | 74% | |
| Construction % of loans | 0.95% (p6 of band) | |
| Auto loans | $194.5M (9.14% of loans; DQ 2.58%, NCO -0.03%) | |
| Loans to nondepository financials | $0 (0% of equity) (p38 of band) | |
| Deposits YoY | -11.5% | |
| Employees | 940 | |

## Flags firing in the latest filing

- **noncurrent p90** (`aq_noncurrent`)
- **reserve under noncurrent** (`aq_reserve`)
- **deposits shrinking** (`shrink_deposits`)
- **assets shrinking** (`shrink_assets`)

## Warning timeline

| Quarter | Score | Flags that first fired | Flags that cleared |
|---|---|---|---|
| 2011-03 | 5 | loans exceed deposits, wholesale funding >15%, liquid assets <10%, noncurrent p90, reserve under noncurrent |  |
| 2011-06 | 4 |  | liquid assets <10% |
| 2011-09 | 5 | liquid assets <10% |  |
| 2011-12 | 5 |  |  |
| 2012-03 | 5 |  |  |
| 2012-06 | 6 | assets shrinking |  |
| 2012-09 | 6 |  |  |
| 2012-12 | 6 |  |  |
| 2013-03 | 7 | deposits shrinking |  |
| 2013-06 | 7 | losing money | deposits shrinking |
| 2013-09 | 6 |  | losing money |
| 2013-12 | 6 |  |  |
| 2014-03 | 6 |  |  |
| 2014-06 | 5 |  | wholesale funding >15% |
| 2014-09 | 5 |  |  |
| 2014-12 | 6 | charge-offs p90 |  |
| 2015-03 | 6 |  |  |
| 2015-06 | 6 |  |  |
| 2015-09 | 6 |  |  |
| 2015-12 | 4 |  | liquid assets <10%, assets shrinking |
| 2016-03 | 5 | deposits shrinking |  |
| 2016-06 | 6 | assets shrinking |  |
| 2016-09 | 3 |  | loans exceed deposits, deposits shrinking, assets shrinking |
| 2016-12 | 6 | losing money, deposits shrinking, assets shrinking |  |
| 2017-03 | 5 |  | losing money |
| 2017-06 | 3 |  | deposits shrinking, assets shrinking |
| 2017-09 | 5 | deposits shrinking, assets shrinking |  |
| 2017-12 | 4 | losing money | deposits shrinking, assets shrinking |
| 2018-03 | 6 | capital falling, expense ratio p90 |  |
| 2018-06 | 4 |  | losing money, capital falling |
| 2018-09 | 3 |  | expense ratio p90 |
| 2018-12 | 3 | deposits shrinking | charge-offs p90 |
| 2019-03 | 5 | charge-offs p90, assets shrinking |  |
| 2019-06 | 4 |  | charge-offs p90 |
| 2019-09 | 4 |  |  |

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

- 2011-06-10 [Wright steps down as Scotiabank CEO, moves to Canada operations - News is My Business](https://news.google.com/rss/articles/CBMilwFBVV95cUxOeW9zV3dmT0Z6Ym11TWRiSWMtc1lsR3NLcjZoS21uNmxNMm5rdlhkck9OZ21jN25namJHR1EyLWJUNWxUeGxpSGg1eGp3Y0Q3azNtTWNBSlVSN1FWY0VHY2lwNkRmalRvWnk1Q1JPWnlVcWppNGZtS3BXcS1JU3hNa1FvcndsNEJMTXpCXy1QSU5aSS1FdXRz?oc=5) · News is My Business
- 2019-07-07 [OSFI reprimanded Scotiabank for unsatisfactory record-keeping in Puerto Rican operations - The Globe and Mail](https://news.google.com/rss/articles/CBMivAFBVV95cUxOYW4wVWlTN0VYN0UyODFFRFFuYmh1ZG13dG1uNEp1WVZRUHVLRklFU18xUW96R3pCWnZHOTB1ZV9aYk8zRXRlU3J2Q1dqQVMweHVHaVhzUEV5UUVUM0VyZFNCUUJJRGZfZU5UamZRZ1RabHIza2U5M3hhdGwxcnpMSzRjeTFwamNPeXRNUXc5eXJ2bHFuY2Z2MXFEXzB3eWd4TWd5ZUtyVno1Z0VSajRHY3RPLU9udjNraEp6Xw?oc=5) · The Globe and Mail
- 2010-05-01 [Banks in Puerto Rico, Three States Fail - thestreet.com](https://news.google.com/rss/articles/CBMilAFBVV95cUxNaGQwUkdLLVFHYWQwTHQ4MUNkR0kwZ2R0M0RZYVlpajFHX0VjOEw3SWg4bDNpa21uQlg3bmtXZmJlTmRQV3NuR0RXOGRtaWlCTUgwc2dsR1RnWHd1NFRVb0Q0SjZpQ2U0WWdRWEJDWHpwajhiUzNGRzY4Q0diQUVmMU0teUJfSEE0cWdVeUtCazRjUXY2?oc=5) · thestreet.com
- 2015-11-13 [Sale of Citizens Bank leaves 44 foreign-owned banks that are FDIC-insured - Cleveland.com](https://news.google.com/rss/articles/CBMihAFBVV95cUxOdkFBNGxOM3pxTmtLcGhxVnJIVEtyYjVGcmRKd0IyRVhjYnR6bnBYdmtWU2MzalZnSWwyTXVBdkM2ZXRiVmVUSkZ4dGtEWTJ3Nm5hcndSV2laNW4yd012OEVFZTNXVEdjVGtNQ1VabnM0ZWVYWVlWYUZCaGxFNTZnbXJYQi0?oc=5) · Cleveland.com
- 2019-08-14 [Oriental files applications to regulators for approval of proposed Scotiabank purchase - News is My Business](https://news.google.com/rss/articles/CBMitwFBVV95cUxQcjVjMkduU1o2OENPTEtVSDhsVFA0aGd6NGJHTzBXX29PQXNfcGExckMySHBDY3BaOGRXZ2sydEdFTHBqZVNWSlgycWxNeklLb2NENHJwSzVSaE5aWTgyT0h3ZmlxOVNtZVlheFgzRE5lQmt4TlE0Q0RYWkxLN3BPSzloRWs4VTZBN0M0MENDVlc4YnFjNXdlU29mWG9fQjcxMFJuZ2JnMm9LWlNITUUtVVpHRTFrRGc?oc=5) · News is My Business
- 2013-12-28 [DOUGLAS RECTOR Obituary (2013) - Mississauga, ON - Toronto Star - legacy.com](https://news.google.com/rss/articles/CBMijgFBVV95cUxPX2xTVjZ1YkU0Wl9fVHY3Y2RFT0hvaWp6a0wycmFFZzJRZXFDd2R1V2UxR3YwODJSajNhclFLMm5YbWRSMU1DSjNRQUwwVUhvNXFBdVA2dkhLUmxYWU5NS0QtVG1nZ0VxOG9WSGZUMmk2c095TXJfUkJ4aVB1SjZsQVY4OTk5Q25wZ2QyalBn?oc=5) · legacy.com
- 2011-07-13 [Scotiabank ready to expand local footprint - News is My Business](https://news.google.com/rss/articles/CBMifEFVX3lxTE9lV2U0d0toQXpPUmdmSFA1T3R4aFh0MWlYMUxTTmFvRDYtQkZ5dWJGX1ViLVlOTmhKaFRWZDhpRnVHRUNnR2tnSG5CVmxmNzE0ZlpYM1BWMEZxYlVhY2xPMlFWdGxmdnpRUnVid1VMeFlJTXhWc09aaks3VHc?oc=5) · News is My Business
- 2012-05-01 [Scotiabank approves $20.4M for EDIC College acquisition - News is My Business](https://news.google.com/rss/articles/CBMijAFBVV95cUxPOGFwTWdmeGJZRVVCRkhGaDlpeEoxOERhbkdpRGl2YTFHMGFnNmZCV05XZ245dFhURUhBTll3YUV5M1NIeEl1VEZnMTB6VkdSZzBSaWw0TjNReWs3NnJSZnZkNDZqT2lDZ3JZNHpienIwOTdWRDdHZ1dEanNwa1gtdG9jRUtmUmxDMkpkMQ?oc=5) · News is My Business

## How to verify

- Page: https://getbookiq.com/bank-desk/#bank=22946 (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/34.json (key "22946", 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