# FIRST FS&LA OF HAMMOND
HAMMOND, IN · FDIC certificate 28961 · asset band <$300M · latest filing 2014-03 · stopped filing (departed)

**Verdict on the desk:** this could be *credit-stressed*. Composite score 8 (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 | $39.6M | |
| Deposits | $36.7M | |
| Loans and leases | $30.6M | |
| Total equity | $50,000 | |
| Loans / deposits | 80.25% (p73 of band) | 68.03% |
| Liquid assets / assets | 16.42% (p10 of band) | |
| Uninsured deposits / deposits | 2.34% (p5 of band) | 12.24% |
| Brokered deposits | 0.00% | |
| Wholesale funding | 5.05% (p70 of band) | |
| FHLB advances / assets | 5.05% | |
| Tier 1 leverage | 0.14% (p0 of band) | 10.34% |
| Unrealized securities loss / equity | -18.00% (p3 of band) | -0.15% |
| AOCI / equity | 16.00% (p100 of band) | |
| ROA (annualized) | -8.99% (p0 of band) | 0.74% |
| Net interest margin | 3.80% (p62 of band) | 3.59% |
| Efficiency ratio | 331.78% (p100 of band) | |
| Noncurrent loans | 3.16% (p85 of band) | 0.94% |
| Net charge-offs (annualized) | -5.55% (p0 of band) | |
| Reserve coverage of noncurrent | 115.84% | |
| 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 | -5.0% | |
| Employees | 10 | |

## 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`)
- **deposits shrinking** (`shrink_deposits`)
- **assets shrinking** (`shrink_assets`)

## Warning timeline

| Quarter | Score | Flags that first fired | Flags that cleared |
|---|---|---|---|
| 2011-03 | 3 | liquid assets <10%, leverage <7%, reserve under noncurrent |  |
| 2011-06 | 3 |  |  |
| 2011-09 | 6 | leverage <5%, losing money, charge-offs p90 | reserve under noncurrent |
| 2011-12 | 6 | reserve under noncurrent | liquid assets <10% |
| 2012-03 | 7 | deposits shrinking, assets shrinking, uninsured deposits leaving | losing money, charge-offs p90 |
| 2012-06 | 7 |  |  |
| 2012-09 | 8 | noncurrent p90 |  |
| 2012-12 | 10 | capital falling, losing money, expense ratio p90, charge-offs p90 | uninsured deposits leaving, noncurrent p90 |
| 2013-03 | 8 | noncurrent p90, uninsured deposits leaving | capital falling, losing money, expense ratio p90, charge-offs p90 |
| 2013-06 | 10 | losing money, expense ratio p90, charge-offs p90 | noncurrent p90 |
| 2013-09 | 11 | noncurrent p90 |  |
| 2013-12 | 11 |  |  |
| 2014-03 | 8 | capital falling | reserve under noncurrent, uninsured deposits leaving, charge-offs p90, noncurrent p90 |

## 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=28961 (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/33.json (key "28961", 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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