# OCEANIC BANK
SAN FRANCISCO, CA · FDIC certificate 23502 · asset band <$300M · latest filing 2012-06 · stopped filing (departed)

**Verdict on the desk:** this could be *funding-stretched*. Composite score 5 (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 | $158.1M | |
| Deposits | $114.7M | |
| Loans and leases | $113.6M | |
| Total equity | $32.8M | |
| Loans / deposits | 97.35% (p94 of band) | 69.17% |
| Liquid assets / assets | 27.50% (p33 of band) | |
| Uninsured deposits / deposits | 22.90% (p93 of band) | 8.28% |
| Brokered deposits | 11.15% | |
| Wholesale funding | 17.54% (p95 of band) | |
| FHLB advances / assets | 6.38% | |
| Tier 1 leverage | 19.13% (p95 of band) | 10.02% |
| Unrealized securities loss / equity | -0.37% (p2 of band) | 3.21% |
| AOCI / equity | 0.00% (p38 of band) | |
| ROA (annualized) | 0.81% (p52 of band) | 0.78% |
| Net interest margin | 3.45% (p32 of band) | 3.76% |
| Efficiency ratio | 60.71% (p22 of band) | |
| Noncurrent loans | 4.65% (p86 of band) | 1.31% |
| Net charge-offs (annualized) | 0.00% (p25 of band) | |
| Reserve coverage of noncurrent | 35.96% | |
| Real estate % of loans | 96% | |
| Construction % of loans | 12.34% (p45 of band) | |
| Auto loans | $0 (0.00% of loans; DQ –, NCO 0.00%) | |
| Loans to nondepository financials | $0 (0% of equity) (p48 of band) | |
| Deposits YoY | -2.2% | |
| Employees | 28 | |

## Flags firing in the latest filing

- **brokered >10%** (`liq_brokered`)
- **wholesale funding >15%** (`liq_wholesale`)
- **reserve under noncurrent** (`aq_reserve`)
- **assets shrinking** (`shrink_assets`)
- **uninsured deposits leaving** (`flight_uninsured`)

## Warning timeline

| Quarter | Score | Flags that first fired | Flags that cleared |
|---|---|---|---|
| 2011-03 | 4 | loans exceed deposits, brokered >10%, wholesale funding >15%, reserve under noncurrent |  |
| 2011-06 | 4 |  |  |
| 2011-09 | 3 |  | loans exceed deposits |
| 2011-12 | 3 |  |  |
| 2012-03 | 4 | assets shrinking |  |
| 2012-06 | 5 | uninsured deposits leaving |  |

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

- 2025-11-30 [Ecobank completes Oceanic Bank’s takeover - Proshare](https://news.google.com/rss/articles/CBMieEFVX3lxTE9MTkN0UG9VbldZbHBQaXdQd2hzb2dwY0JUTlZFc2phanNMQWFsRkNlRjlZVW5TRHdlZng5NE15eGpxUWJydlk3am0zT1d5d1dUeU0wRVMzUGF3WkpMRHU0bllvTE5icDBFMl9ZTlJfaGZ2cWIxTmowUQ?oc=5) · Proshare
- 2012-09-26 [Lucio Tan group sells US banking unit, will focus on bank consolidation in PH - Inquirer.net](https://news.google.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?oc=5) · Inquirer.net
- 2010-10-09 [Jail term for ex-Nigeria bank boss - aljazeera.com](https://news.google.com/rss/articles/CBMigAFBVV95cUxPV2lMWlR3SHk5RmtxV3lzTnNLZ1lCU21KdG45Z19XR05ma2VNVV9YWV9nNE1YQWRJYzZPanVyTW93dmpWbGlZQURMM2NPbE1abmtucTRyRDB4LXFqLUdFUU9WNE9DNkRYRUZmT2FiVWRCdGtpcFA2eWZiQXo3ekpQRdIBhgFBVV95cUxNVjBKaHpYc0pWdlpYSHI2czdsWHVJYjJ0M29mcnFqUEZ0T0lSNm5iWjFVQnRTZVVYVHFFdDhsdkhwcTRJcXhUWE1sY0tTWk1zSEFZdmswdGdGNmNoQXM5NXRxTWFoUlpuS28zTTl5eGF6Ui1iTERSX1EwejFnZzRRMHZ6enVNQQ?oc=5) · aljazeera.com
- 2010-12-26 [Allied-PNB merger stalled anew - Asian Banking & Finance](https://news.google.com/rss/articles/CBMijgFBVV95cUxOei1UcE9vYkhUazdieWNycWduVk5PT2xYcW9ncm5xeE5jRm55VlFxakdWM2JXX2R2R1VpZWllNmVKeDFkeTRLdy0xakliQ1RrTjN2UWQyeGp2cS1zcE5tclRhMmwzSXItX19fMjc1OUN0Q0xqTzhLYktYRmhUMnhiUW5udHJsTDJRNEZWN0Vn?oc=5) · Asian Banking &amp; Finance
- 2009-04-16 [John Fashanu denies pocketing Oceanic Bank's N25m - - Modern Ghana](https://news.google.com/rss/articles/CBMingFBVV95cUxOWXBMWEdUSTVpS0VEV1d5U1dKZWZWYmp1YUN2eUlHWk5JVTZWZzduMnhBUFV5TDAxWlNHWG1ULUx0M1EwSjZSSG5lT3VSd0d1OGZPejZnT2k1R3VvcklNMlNHRjRUNDlVZGFRVkRPcDZJLTBRSjZDQTFfRHE1SDdpTENETldfelh1bXpuRUxoQWZ1UXBYWWVhZ0tlX3RfUdIBnAFBVV95cUxPMmQxM0dNa3BybHVJWEp6ZVZkczBIOEdzSzg0WDV1Z1FvMFFaY3NodGRYcTlDNGx5NWlOdmdsQURCVm5PV2NJNWtieVFQZEJ5Z1RpWlVhUzAxOHgyVXBNVDYyLTRzVjB5OE5mcG9SdDc1RS1WalJXNmFtUlpXUVF4SXBuWm9WNlAwR2VaVkVYQ2JqcFNOaTlaMnJabHU?oc=5) · Modern Ghana
- 2014-07-10 [Pan Oceanic Bank Solomon Islands Chooses Fortunaglobal for Digital Banking Suite - Adaderana Biz English](https://news.google.com/rss/articles/CBMisgFBVV95cUxOTER3TEtOaTc3Z3k2aHhoWlZRY2djUk5jNy1zZ2JrQ19HM2NKclJwY3hPMUlBLWpoMy1HNlJlRmd3SFVncEZPazAxTGs3cmF4bkJzOWFTMkFpNTJqWGpYdWs2WTZTdnF2SHotOVNjRVk2SHlXRDgzdlNqNDdfZlRIZ3ltSFo5cFZWa0FLNWtYWDh5RGhnZnBUeTR1dEl3X19CUHVqc2lYOEdCOEZ4elFSRFFn?oc=5) · Adaderana Biz English
- 2010-01-06 [Oceanic Bank Plc Sacks Another 1,250 Workers - Modern Ghana](https://news.google.com/rss/articles/CBMikgFBVV95cUxOQW94WjBhdDh6Q09QdjdnOW9NenlsS2FERnhGZHg4eWZfNkRJdW1tSnkzejRKMW1kN2MwanU3SjRwQ2QyWVBjUUVlUFFNdDBnYmtJUWtvM1NfUTExU0YyVERxdVRoWC1QU3JNb1lMa1RRbWJxMEluOTZJaEVkWHZIeVhNcGRsZzE4a25LVGxTUG1sd9IBkAFBVV95cUxNTDhUSkpwdEtqX3RRRVhHZ011cFllaE1YTmloQUZSVWlhUFJyTzZ6SGZZdEVsS05lUnNsSzA3aTJpTGY3RTdYUEFlX1hucmhKUFBQWkNLWlFlcnZlWUh3UExxREdwTDRNd2ttSHh1a1ZCZlk5Z1gwMWJJS2Y1OG1weUxQeGtEaGcwYldBbUl4b0M?oc=5) · Modern Ghana
- 2025-01-10 [From Oyo to Canada: Owoade’s journey to Alaafin’s throne - Punch Newspapers](https://news.google.com/rss/articles/CBMif0FVX3lxTFBGNUlsa2tRdnRQMEY5OWlFRGZWMFBXLXdreGZ5Q2J6Rnd5bTJWcE05YnpZbmVWSnBJOWp3YmEyYTFkODFjaG1LU2l2MVhEOXpjV1k3OHA1NW1janNNSVNLb1FxcUVwVXVJQll1LW92OW9UNTBkMlZzZkhEaG9FTHM?oc=5) · Punch Newspapers

## How to verify

- Page: https://getbookiq.com/bank-desk/#bank=23502 (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/14.json (key "23502", 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