# FIRST FSB OF ELIZABETHTOWN
ELIZABETHTOWN, KY · FDIC certificate 28610 · asset band $300M-1B · latest filing 2014-12 · stopped filing (departed)

**Verdict on the desk:** this could be *credit-stressed*. 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 | $775.1M | |
| Deposits | $697.9M | |
| Loans and leases | $430.1M | |
| Total equity | $61.9M | |
| Loans / deposits | 60.52% (p16 of band) | 80.75% |
| Liquid assets / assets | 38.83% (p76 of band) | |
| Uninsured deposits / deposits | 3.95% (p2 of band) | 19.51% |
| Brokered deposits | 1.78% | |
| Wholesale funding | 3.36% (p35 of band) | |
| FHLB advances / assets | 1.57% | |
| Tier 1 leverage | 8.80% (p19 of band) | 10.04% |
| Unrealized securities loss / equity | -2.66% (p4 of band) | 1.00% |
| AOCI / equity | 6.23% (p87 of band) | |
| ROA (annualized) | -0.11% (p3 of band) | 0.89% |
| Net interest margin | 2.98% (p14 of band) | 3.63% |
| Efficiency ratio | 123.46% (p100 of band) | |
| Noncurrent loans | 4.92% (p97 of band) | 0.89% |
| Net charge-offs (annualized) | -0.05% (p5 of band) | |
| Reserve coverage of noncurrent | 36.25% | |
| Real estate % of loans | 90% | |
| Construction % of loans | 56.99% (p71 of band) | |
| Auto loans | $12.5M (2.91% of loans; DQ 2.92%, NCO 0.00%) | |
| Loans to nondepository financials | $0 (0% of equity) (p44 of band) | |
| Deposits YoY | -10.9% | |
| Employees | 231 | |

## Flags firing in the latest filing

- **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`)

## Warning timeline

| Quarter | Score | Flags that first fired | Flags that cleared |
|---|---|---|---|
| 2011-03 | 4 | losing money, expense ratio p90, reserve under noncurrent, construction >100% equity |  |
| 2011-06 | 6 | leverage <7%, charge-offs p90 |  |
| 2011-09 | 8 | brokered >10%, wholesale funding >15%, capital falling | construction >100% equity |
| 2011-12 | 8 |  |  |
| 2012-03 | 8 | deposits shrinking, assets shrinking, uninsured deposits leaving | losing money, charge-offs p90, capital falling |
| 2012-06 | 4 | losing money | brokered >10%, wholesale funding >15%, deposits shrinking, assets shrinking, uninsured deposits leaving |
| 2012-09 | 7 | brokered >10%, deposits shrinking, assets shrinking |  |
| 2012-12 | 8 | uninsured deposits leaving |  |
| 2013-03 | 6 |  | losing money, brokered >10% |
| 2013-06 | 6 | losing money | leverage <7% |
| 2013-09 | 6 | noncurrent p90 | losing money |
| 2013-12 | 5 | AOCI drag >20% of equity | uninsured deposits leaving, noncurrent p90 |
| 2014-03 | 3 |  | reserve under noncurrent, AOCI drag >20% of equity |
| 2014-06 | 4 | reserve under noncurrent |  |
| 2014-09 | 5 | noncurrent p90 |  |
| 2014-12 | 6 | losing money |  |

## 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=28610 (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/2.json (key "28610", 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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