# KENTUCKY FS&LA
COVINGTON, KY · FDIC certificate 27877 · asset band <$300M · latest filing 2018-09 · stopped filing (departed)

**Verdict on the desk:** this could be *credit-stressed*. Composite score 7 (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 | $31.4M | |
| Deposits | $27.0M | |
| Loans and leases | $16.3M | |
| Total equity | $2.8M | |
| Loans / deposits | 59.54% (p23 of band) | 78.40% |
| Liquid assets / assets | 39.85% (p71 of band) | |
| Uninsured deposits / deposits | 1.52% (p1 of band) | 15.34% |
| Brokered deposits | 0.00% | |
| Wholesale funding | 4.30% (p61 of band) | |
| FHLB advances / assets | 4.30% | |
| Tier 1 leverage | 8.56% (p7 of band) | 11.34% |
| Unrealized securities loss / equity | 0.00% (p93 of band) | -3.15% |
| AOCI / equity | 0.00% (p92 of band) | |
| ROA (annualized) | -1.01% (p2 of band) | 1.02% |
| Net interest margin | 3.19% (p18 of band) | 3.82% |
| Efficiency ratio | 135.90% (p99 of band) | |
| Noncurrent loans | 1.45% (p76 of band) | 0.57% |
| Net charge-offs (annualized) | 0.00% (p36 of band) | |
| Reserve coverage of noncurrent | 82.98% | |
| Real estate % of loans | 98% | |
| Construction % of loans | 18.04% (p51 of band) | |
| Auto loans | $1,000 (0.01% of loans; DQ 100.00%, NCO 0.00%) | |
| Loans to nondepository financials | $79,000 (3% of equity) (p97 of band) | |
| Deposits YoY | -8.1% | |
| Employees | 9 | |

## Flags firing in the latest filing

- **capital falling** (`cap_falling`)
- **losing money** (`earn_negative`)
- **expense ratio p90** (`earn_efficiency`)
- **reserve under noncurrent** (`aq_reserve`)
- **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 | 2 | securities losses >30% of equity, reserve under noncurrent |  |
| 2011-06 | 1 |  | reserve under noncurrent |
| 2011-09 | 3 | capital falling, reserve under noncurrent |  |
| 2011-12 | 2 |  | capital falling |
| 2012-03 | 2 | losing money, uninsured deposits leaving | securities losses >30% of equity, reserve under noncurrent |
| 2012-06 | 3 | reserve under noncurrent |  |
| 2012-09 | 3 |  |  |
| 2012-12 | 3 |  |  |
| 2013-03 | 1 |  | losing money, uninsured deposits leaving |
| 2013-06 | 4 | charge-offs p90, deposits shrinking, assets shrinking |  |
| 2013-09 | 5 | losing money |  |
| 2013-12 | 4 | capital falling | reserve under noncurrent, assets shrinking |
| 2014-03 | 1 | expense ratio p90 | charge-offs p90, deposits shrinking, losing money, capital falling |
| 2014-06 | 2 | losing money |  |
| 2014-09 | 2 |  |  |
| 2014-12 | 2 | assets shrinking | losing money |
| 2015-03 | 3 | losing money, uninsured deposits leaving | assets shrinking |
| 2015-06 | 3 | capital falling | losing money |
| 2015-09 | 3 |  |  |
| 2015-12 | 2 |  | capital falling |
| 2016-03 | 3 | losing money, charge-offs p90 | uninsured deposits leaving |
| 2016-06 | 5 | capital falling, reserve under noncurrent |  |
| 2016-09 | 3 |  | charge-offs p90, capital falling |
| 2016-12 | 4 | assets shrinking |  |
| 2017-03 | 4 | deposits shrinking | losing money |
| 2017-06 | 4 |  |  |
| 2017-09 | 4 |  |  |
| 2017-12 | 6 | losing money, uninsured deposits leaving |  |
| 2018-03 | 5 |  | assets shrinking |
| 2018-06 | 7 | capital falling, assets shrinking |  |
| 2018-09 | 7 |  |  |

## 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=27877 (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/37.json (key "27877", 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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