# FIRSTBANK WEST BRANCH
WEST BRANCH, MI · FDIC certificate 23309 · asset band <$300M · latest filing 2012-12 · stopped filing (departed)

**Verdict on the desk:** this could be *ordinary*. Composite score 2 (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 | $248.9M | |
| Deposits | $203.5M | |
| Loans and leases | $184.6M | |
| Total equity | $21.5M | |
| Loans / deposits | 88.84% (p87 of band) | 68.02% |
| Liquid assets / assets | 23.37% (p22 of band) | |
| Uninsured deposits / deposits | 8.43% (p47 of band) | 8.86% |
| Brokered deposits | 1.21% | |
| Wholesale funding | 10.68% (p87 of band) | |
| FHLB advances / assets | 5.91% | |
| Tier 1 leverage | 8.55% (p21 of band) | 10.05% |
| Unrealized securities loss / equity | 2.57% (p46 of band) | 3.01% |
| AOCI / equity | 0.35% (p68 of band) | |
| ROA (annualized) | 0.89% (p57 of band) | 0.76% |
| Net interest margin | 4.70% (p91 of band) | 3.75% |
| Efficiency ratio | 57.56% (p14 of band) | |
| Noncurrent loans | 3.24% (p78 of band) | 1.21% |
| Net charge-offs (annualized) | 0.79% (p91 of band) | |
| Reserve coverage of noncurrent | 63.78% | |
| Real estate % of loans | 82% | |
| Construction % of loans | 69.57% (p89 of band) | |
| Auto loans | $10.8M (5.83% of loans; DQ 1.88%, NCO 0.02%) | |
| Loans to nondepository financials | $0 (0% of equity) (p48 of band) | |
| Deposits YoY | 0.7% | |
| Employees | 76 | |

## Flags firing in the latest filing

- **charge-offs p90** (`aq_nco`)
- **reserve under noncurrent** (`aq_reserve`)

## 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 | 3 | capital falling, charge-offs p90 |  |
| 2012-06 | 2 |  | capital falling |
| 2012-09 | 2 |  |  |
| 2012-12 | 2 |  |  |

## 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=23309 (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/13.json (key "23309", 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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