# GREENCHOICE BANK FSB
CHICAGO, IL · FDIC certificate 28462 · asset band <$300M · latest filing 2014-06 · FAILED

**Verdict on the desk:** this could be *credit-stressed*. Composite score 11 (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 | $70.3M | |
| Deposits | $68.7M | |
| Loans and leases | $48.8M | |
| Total equity | $1.2M | |
| Loans / deposits | 69.87% (p49 of band) | 70.22% |
| Liquid assets / assets | 21.51% (p21 of band) | |
| Uninsured deposits / deposits | 2.56% (p5 of band) | 12.36% |
| Brokered deposits | 0.00% | |
| Wholesale funding | 0.00% (p18 of band) | |
| FHLB advances / assets | 0.00% | |
| Tier 1 leverage | 1.49% (p0 of band) | 10.41% |
| Unrealized securities loss / equity | 1.10% (p66 of band) | 0.24% |
| AOCI / equity | -0.08% (p3 of band) | |
| ROA (annualized) | -2.54% (p1 of band) | 0.79% |
| Net interest margin | 3.98% (p70 of band) | 3.62% |
| Efficiency ratio | 174.77% (p99 of band) | |
| Noncurrent loans | 7.96% (p98 of band) | 0.88% |
| Net charge-offs (annualized) | 0.24% (p85 of band) | |
| Reserve coverage of noncurrent | 20.92% | |
| Real estate % of loans | 95% | |
| Construction % of loans | 46.32% (p80 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 | -7.4% | |
| Employees | 22 | |

## Flags firing in the latest filing

- **leverage <7%** (`cap_low`)
- **leverage <5%** (`cap_critical`)
- **capital falling** (`cap_falling`)
- **losing money** (`earn_negative`)
- **expense ratio p90** (`earn_efficiency`)
- **noncurrent p90** (`aq_noncurrent`)
- **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 | 4 | losing money, expense ratio p90, noncurrent p90, reserve under noncurrent |  |
| 2011-06 | 5 | liquid assets <10% |  |
| 2011-09 | 6 | capital falling |  |
| 2011-12 | 6 | leverage <7% | liquid assets <10% |
| 2012-03 | 5 | uninsured deposits leaving | capital falling, leverage <7% |
| 2012-06 | 5 | liquid assets <10% | uninsured deposits leaving |
| 2012-09 | 7 | leverage <7%, capital falling |  |
| 2012-12 | 6 |  | liquid assets <10% |
| 2013-03 | 9 | leverage <5%, charge-offs p90 |  |
| 2013-06 | 9 |  |  |
| 2013-09 | 9 |  |  |
| 2013-12 | 11 | deposits shrinking, assets shrinking |  |
| 2014-03 | 12 | uninsured deposits leaving |  |
| 2014-06 | 11 |  | charge-offs p90 |

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

- 2024-12-04 [List of Recent Failed Banks in the United States (2023-2024) - Norada Real Estate Investments](https://news.google.com/rss/articles/CBMia0FVX3lxTE4zaWFvQzhqc24zdE1QZ1haYnk2b1NsLWxONmNTTV9jVldzbjZqLUM1NV85U3dyaENaUGhWVm0wdllpUlNMZlIteHExdVUzS0JTdXlRWTJiUGJfaEtZSk5wcWhNNG1ZS0U5Y0Vz?oc=5) · Norada Real Estate Investments

## How to verify

- Page: https://getbookiq.com/bank-desk/#bank=28462 (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/46.json (key "28462", 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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