# NOVA BANK
BERWYN, PA · FDIC certificate 27148 · asset band $300M-1B · latest filing 2012-09 · FAILED

**Verdict on the desk:** this could be *run candidate*. Composite score 13 (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 | $444.7M | |
| Deposits | $395.2M | |
| Loans and leases | $271.6M | |
| Total equity | $2.2M | |
| Loans / deposits | 67.16% (p29 of band) | 75.94% |
| Liquid assets / assets | 36.36% (p67 of band) | |
| Uninsured deposits / deposits | 3.26% (p7 of band) | 12.76% |
| Brokered deposits | 3.72% | |
| Wholesale funding | 13.84% (p81 of band) | |
| FHLB advances / assets | 4.50% | |
| Tier 1 leverage | 1.11% (p0 of band) | 9.72% |
| Unrealized securities loss / equity | -210.71% (p0 of band) | 4.38% |
| AOCI / equity | 19.78% (p100 of band) | |
| ROA (annualized) | -2.00% (p1 of band) | 0.85% |
| Net interest margin | 2.75% (p8 of band) | 3.69% |
| Efficiency ratio | 100.95% (p96 of band) | |
| Noncurrent loans | 9.96% (p96 of band) | 1.75% |
| Net charge-offs (annualized) | 2.94% (p99 of band) | |
| Reserve coverage of noncurrent | 22.84% | |
| Real estate % of loans | 84% | |
| Construction % of loans | 551.63% (p100 of band) | |
| Auto loans | $64,000 (0.02% of loans; DQ 0.00%, NCO 0.00%) | |
| Loans to nondepository financials | $0 (0% of equity) (p45 of band) | |
| Deposits YoY | -16.4% | |
| Employees | 93 | |

## Flags firing in the latest filing

- **leverage <7%** (`cap_low`)
- **leverage <5%** (`cap_critical`)
- **capital falling** (`cap_falling`)
- **securities losses >30% of equity** (`cap_secloss`)
- **losing money** (`earn_negative`)
- **expense ratio p90** (`earn_efficiency`)
- **noncurrent p90** (`aq_noncurrent`)
- **charge-offs p90** (`aq_nco`)
- **reserve under noncurrent** (`aq_reserve`)
- **construction >100% equity** (`conc_construction`)
- **deposits shrinking** (`shrink_deposits`)
- **assets shrinking** (`shrink_assets`)

## Warning timeline

| Quarter | Score | Flags that first fired | Flags that cleared |
|---|---|---|---|
| 2011-03 | 7 | wholesale funding >15%, leverage <7%, leverage <5%, securities losses >30% of equity, reserve under noncurrent, construction >100% equity |  |
| 2011-06 | 7 |  |  |
| 2011-09 | 8 | losing money |  |
| 2011-12 | 7 |  | wholesale funding >15% |
| 2012-03 | 10 | expense ratio p90, charge-offs p90, deposits shrinking, assets shrinking | losing money |
| 2012-06 | 12 | losing money, noncurrent p90 |  |
| 2012-09 | 13 | capital falling |  |

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

- 2024-09-18 [Where have all the new banks gone? - American Banker](https://news.google.com/rss/articles/CBMieEFVX3lxTE1rYVdSbmxMT2dfSlhQd0x6WjBGSG53eEJuYXp4R3ZOWFhoOVcwN3pCSFZzWnZjR1R3b3lzMy1jRG1BbVlQYXFhWkNDQ2d5SEpYVkU2OHpDOFc1VTdyUFJxWFlvVE9VMmVySTJGMGFIdmM1ZnJNUDlzNA?oc=5) · American Banker
- 2026-02-18 [List Of Failed Banks: 2009-2026 - Bankrate](https://news.google.com/rss/articles/CBMiZEFVX3lxTFAtbi1TaWMteGEyOHdQbnlXd0tPRzM2WFJQZjdPdzViQTZFLVVHODJRTEdqRWhnMkxIOG5xMUVSWU5iNHZSbVpnQ2Z4TWdiMDVwN2NTdUNGd3dXZ2tGcGZ2VWVJRnM?oc=5) · Bankrate
- 2015-02-24 [Barry Bekkedam pleads not guilty in Nova Bank case - Inquirer.com](https://news.google.com/rss/articles/CBMirwFBVV95cUxPRWdhaGF4UXcwa2dsY3dfdDZ0bUJjRVZqaTRqQjRjYTJfU3RyMU5QeDd2UE9KUHczU2pkNUdYdDFfMWN0cEpRQUU4bURScTBwQjBvQ3k2SXNXRkhKbjRzSHBRYnhGY0ZMUFhtamk5ZnJ6NHhCMFRYMmQxbl9hcW1WSnlNMHNBdzZORkNmSmxsOUlCMmZFS2dFanNQN3M2Z0VONFpBeEFWWkFrTm8xVU8w?oc=5) · Inquirer.com
- 2023-06-01 [Shot down for being too close to a school, cannabis retailer sues Gloucester County town - Courier-Post](https://news.google.com/rss/articles/CBMi_gFBVV95cUxQUmhtQ1g1OFh1VlFXcmNwSVBzLUZnaVdFaUFNUUxpbWNTUnp4c1pCT2Zid2kxMFltZ2hVYkRHb25GMjNObHV0STJuQVdkc2pTaDhLT2F3UHQwTGdiSEtrYWRlelZ0ZkdycDYySHFCVS1SUUdRdERhY3Zab0VVcGxKY1ZMU2xyUWJRbkFKOWxhYl9HUE9Md01JeXBYNXJ5M183ekpXYVduN2NCSVMwMnd3QlU4RFBjSVFjbjlBNVpROVJSR0I3Z29lWll4aGFLZXJtalVEbWlkUG1GeVBHOVdsNlo2NkVkT2tjUjg3NlNUWEZJX2JVbUFPWFVpTm1rQQ?oc=5) · Courier-Post
- 2010-10-05 [Sketch Plan Proposes Conversion of Wynnewood Gas Station Into Bank - Patch](https://news.google.com/rss/articles/CBMipAFBVV95cUxQeXB0N3gxMmR4cy0yUGhHQkJjMWVSLUM0YURjcW1IX2hWaUllTzhtZXJyejQtNHZpQTdpZ1BrWHpVZUJqdFRyUURtT2JBY25ENWZ4NmptdUVaVUNPTEhnTEZ4dEllMEFJc2s1VUNNMXd2eEdySzg2M0xILWFKaVBHSkNfTXZDV3hCU2tNekRkbVdGVTBaanRqVUlwQk9jQkY4QUVzSA?oc=5) · Patch
- 2026-05-02 [Former Nova Bank CEO, Chinwe Iloghalu, Nominated for AMTY Banker of The Year Award - THISDAYLIVE](https://news.google.com/rss/articles/CBMivAFBVV95cUxNX1I0Z2wxRXJUTVR4LVB0WWhvV3JaaXpha2c0T01paE5HU3QxUF83c1IwOC1jUzl0VGQzRWJiMnlsTVBkRzlyOTNkWWFmczRBQ2w5Z1BiNEZ1VWp1SXdjQWlacklrV3ZJV0llSml0WG9DaWJNdERLeHJtZHdER01naFpvRkdJWXRfQlRxc0lBOTRIanN5UEFJTVF0R1hZdVQwOVJYWmNhODlXclhSd3lQMHdRemZaSE84azhRdQ?oc=5) · THISDAYLIVE
- 2012-04-19 [Brinson To Step Down as CEO of 24/7 Fitness Clubs - Patch](https://news.google.com/rss/articles/CBMimwFBVV95cUxQbW9HeUFISGdNdTFwdTZRTE9zbk15dnJYZURNanZvZWQ1RzlkYmRqZ3FQNURzbGxsY0pNQmJ2RkxhaWh2QmhQVHhXdHhOazhRRHd6MW92YmVpUk5WX2E3dzAzc1haMTdqUjJ5ZGdIZjU0bzRZbG1zSVZrWmp6TVlPaU9kVHZpYWIwcWVXZm9FUkNmT2lvV295U0VyQQ?oc=5) · Patch
- 2023-06-06 [Fire Destroys Woodbury Heights Former Bank Building. Dispensary Was Denied There in March - 42 Freeway](https://news.google.com/rss/articles/CBMitwFBVV95cUxNYldmTVlyM1doZzZOUWxwRG1kUG1GQzFOalVUaFA3eTlkWFhjNDkzVjRocWZ4Ylk1aTJiZlZJSlg2SlZMUjlLRGladlB0ZXg2elg4dnlqaDhlSUFzQlJJZE55R21JM2paV1dZaHE5REVlalRfOTczY1BlYmhtQTBUVlZXdUhTNTRZUWtfVVAxZXdGVldxMHd3WU10Si1wenAyNjl3QkhRclM0T3pXV01fOGlFdmZ1NlE?oc=5) · 42 Freeway

## How to verify

- Page: https://getbookiq.com/bank-desk/#bank=27148 (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/12.json (key "27148", 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