# FIRST NATIONAL BANK&TRUST
LONDON, KY · FDIC certificate 2704 · asset band <$300M · latest filing 2019-12 · stopped filing (departed)

**Verdict on the desk:** this could be *ordinary*. Composite score 3 (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 | $224.9M | |
| Deposits | $182.2M | |
| Loans and leases | $129.3M | |
| Total equity | $25.1M | |
| Loans / deposits | 70.38% (p39 of band) | 76.58% |
| Liquid assets / assets | 36.80% (p63 of band) | |
| Uninsured deposits / deposits | 24.77% (p78 of band) | 16.53% |
| Brokered deposits | 0.00% | |
| Wholesale funding | 7.20% (p78 of band) | |
| FHLB advances / assets | 0.00% | |
| Tier 1 leverage | 10.99% (p44 of band) | 11.42% |
| Unrealized securities loss / equity | 1.01% (p59 of band) | 0.65% |
| AOCI / equity | 7.87% (p90 of band) | |
| ROA (annualized) | 0.41% (p15 of band) | 1.01% |
| Net interest margin | 3.82% (p50 of band) | 3.82% |
| Efficiency ratio | 78.66% (p72 of band) | |
| Noncurrent loans | 1.07% (p69 of band) | 0.52% |
| Net charge-offs (annualized) | 0.37% (p94 of band) | |
| Reserve coverage of noncurrent | 75.74% | |
| Real estate % of loans | 77% | |
| Construction % of loans | 41.11% (p75 of band) | |
| Auto loans | $2.5M (1.94% of loans; DQ 2.11%, NCO 0.00%) | |
| Loans to nondepository financials | $0 (0% of equity) (p48 of band) | |
| Deposits YoY | 4.4% | |
| Employees | 58 | |

## Flags firing in the latest filing

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

## Warning timeline

| Quarter | Score | Flags that first fired | Flags that cleared |
|---|---|---|---|
| 2011-03 | 2 | wholesale funding >15%, reserve under noncurrent |  |
| 2011-06 | 1 |  | wholesale funding >15% |
| 2011-09 | 1 |  |  |
| 2011-12 | 1 |  |  |
| 2012-03 | 3 | capital falling, expense ratio p90 |  |
| 2012-06 | 1 |  | capital falling, expense ratio p90 |
| 2012-09 | 1 |  |  |
| 2012-12 | 2 | expense ratio p90 |  |
| 2013-03 | 2 | capital falling | expense ratio p90 |
| 2013-06 | 1 |  | capital falling |
| 2013-09 | 1 |  |  |
| 2013-12 | 3 | deposits shrinking, assets shrinking |  |
| 2014-03 | 4 | uninsured deposits leaving |  |
| 2014-06 | 1 |  | deposits shrinking, assets shrinking, uninsured deposits leaving |
| 2014-09 | 1 |  |  |
| 2014-12 | 1 |  |  |
| 2015-03 | 0 |  | reserve under noncurrent |
| 2015-06 | 1 | reserve under noncurrent |  |
| 2015-09 | 1 |  |  |
| 2015-12 | 1 |  |  |
| 2016-03 | 1 |  |  |
| 2016-06 | 1 |  |  |
| 2016-09 | 2 | uninsured deposits leaving |  |
| 2016-12 | 2 | assets shrinking | uninsured deposits leaving |
| 2017-03 | 1 |  | assets shrinking |
| 2017-06 | 1 |  |  |
| 2017-09 | 2 | charge-offs p90 |  |
| 2017-12 | 2 |  |  |
| 2018-03 | 1 |  | charge-offs p90 |
| 2018-06 | 1 |  |  |
| 2018-09 | 1 |  |  |
| 2018-12 | 2 | assets shrinking |  |
| 2019-03 | 2 |  |  |
| 2019-06 | 1 |  | assets shrinking |
| 2019-09 | 2 | charge-offs p90 |  |
| 2019-12 | 3 | capital falling |  |

## 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=2704 (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/16.json (key "2704", 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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