# FIRST SECURITY BUSINESS BANK
ORANGE, CA · FDIC certificate 27539 · asset band <$300M · latest filing 2014-09 · stopped filing (departed)

**Verdict on the desk:** this could be *funding-stretched*. Composite score 6 (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 | $61.6M | |
| Deposits | $30.6M | |
| Loans and leases | $57.4M | |
| Total equity | $18.3M | |
| Loans / deposits | 175.85% (p100 of band) | 71.36% |
| Liquid assets / assets | 8.31% (p2 of band) | |
| Uninsured deposits / deposits | 6.91% (p22 of band) | 12.72% |
| Brokered deposits | 0.00% | |
| Wholesale funding | 19.47% (p96 of band) | |
| FHLB advances / assets | 19.47% | |
| Tier 1 leverage | 25.98% (p97 of band) | 10.52% |
| Unrealized securities loss / equity | 0.00% (p41 of band) | 0.17% |
| AOCI / equity | 0.00% (p16 of band) | |
| ROA (annualized) | 1.41% (p81 of band) | 0.81% |
| Net interest margin | 4.51% (p88 of band) | 3.65% |
| Efficiency ratio | 43.30% (p3 of band) | |
| Noncurrent loans | 3.37% (p88 of band) | 0.86% |
| Net charge-offs (annualized) | -0.01% (p18 of band) | |
| Reserve coverage of noncurrent | 187.69% | |
| Real estate % of loans | 99% | |
| Construction % of loans | 0.00% (p7 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 | -44.9% | |
| Employees | 7 | |

## Flags firing in the latest filing

- **loans exceed deposits** (`liq_ltd`)
- **wholesale funding >15%** (`liq_wholesale`)
- **liquid assets <10%** (`liq_thin`)
- **deposits shrinking** (`shrink_deposits`)
- **assets shrinking** (`shrink_assets`)
- **uninsured deposits leaving** (`flight_uninsured`)

## Warning timeline

| Quarter | Score | Flags that first fired | Flags that cleared |
|---|---|---|---|
| 2011-03 | 3 | uninsured deposits >50%, leverage <7%, NIM <2.5% |  |
| 2011-06 | 2 |  | leverage <7% |
| 2011-09 | 0 |  | uninsured deposits >50%, NIM <2.5% |
| 2011-12 | 4 | loans exceed deposits, wholesale funding >15%, liquid assets <10%, reserve under noncurrent |  |
| 2012-03 | 5 | deposits shrinking, assets shrinking, uninsured deposits leaving | liquid assets <10%, reserve under noncurrent |
| 2012-06 | 6 | liquid assets <10% |  |
| 2012-09 | 5 |  | liquid assets <10% |
| 2012-12 | 6 | liquid assets <10% |  |
| 2013-03 | 5 |  | liquid assets <10% |
| 2013-06 | 5 |  |  |
| 2013-09 | 5 |  |  |
| 2013-12 | 5 |  |  |
| 2014-03 | 5 |  |  |
| 2014-06 | 5 |  |  |
| 2014-09 | 6 | liquid assets <10% |  |

## 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=27539 (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/19.json (key "27539", 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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