# MONARCH COMMUNITY BANK
COLDWATER, MI · FDIC certificate 29069 · asset band <$300M · latest filing 2015-03 · 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 | $168.9M | |
| Deposits | $144.5M | |
| Loans and leases | $128.7M | |
| Total equity | $15.3M | |
| Loans / deposits | 87.56% (p81 of band) | 70.43% |
| Liquid assets / assets | 18.10% (p15 of band) | |
| Uninsured deposits / deposits | 7.77% (p24 of band) | 13.33% |
| Brokered deposits | 0.00% | |
| Wholesale funding | 4.74% (p68 of band) | |
| FHLB advances / assets | 4.74% | |
| Tier 1 leverage | 8.74% (p17 of band) | 10.49% |
| Unrealized securities loss / equity | 0.00% (p16 of band) | 1.32% |
| AOCI / equity | -0.24% (p3 of band) | |
| ROA (annualized) | -6.82% (p0 of band) | 0.80% |
| Net interest margin | 4.45% (p89 of band) | 3.57% |
| Efficiency ratio | 230.31% (p100 of band) | |
| Noncurrent loans | 2.05% (p78 of band) | 0.77% |
| Net charge-offs (annualized) | 0.01% (p62 of band) | |
| Reserve coverage of noncurrent | 80.78% | |
| Real estate % of loans | 97% | |
| Construction % of loans | 35.66% (p73 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 | -8.7% | |
| Employees | 60 | |

## Flags firing in the latest filing

- **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 | 6 | wholesale funding >15%, leverage <7%, leverage <5%, noncurrent p90, reserve under noncurrent |  |
| 2011-06 | 6 |  |  |
| 2011-09 | 4 | charge-offs p90 | wholesale funding >15%, leverage <5% |
| 2011-12 | 5 | losing money |  |
| 2012-03 | 8 | expense ratio p90, deposits shrinking, assets shrinking |  |
| 2012-06 | 8 | capital falling | noncurrent p90 |
| 2012-09 | 8 | noncurrent p90 | capital falling |
| 2012-12 | 7 | uninsured deposits leaving | charge-offs p90, deposits shrinking |
| 2013-03 | 6 | charge-offs p90 | noncurrent p90, uninsured deposits leaving |
| 2013-06 | 8 | capital falling, deposits shrinking |  |
| 2013-09 | 6 |  | reserve under noncurrent, charge-offs p90 |
| 2013-12 | 4 |  | leverage <7%, capital falling |
| 2014-03 | 2 |  | losing money, expense ratio p90 |
| 2014-06 | 3 | capital falling, expense ratio p90 | assets shrinking |
| 2014-09 | 3 |  |  |
| 2014-12 | 2 | reserve under noncurrent | deposits shrinking, capital falling |
| 2015-03 | 6 | losing money, deposits shrinking, assets shrinking, uninsured deposits leaving |  |

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

- 2013-12-10 [Reward offered for information leading to arrest and prosecution of Monarch bank robber - MLive.com](https://news.google.com/rss/articles/CBMihwFBVV95cUxPVXdzZ1hocFNjSGFhMGdPb1BXUndCMU4tMjU1SERORXRVbmgtVHpWRDNNWFMyTmY1endiemRFNWJtV1FhLTZuREE1Zkc5Z0tOaEcxLTRoMGg1N0hRbTEyLUFZWmVuQm5EeWlwVTRoRzhWZU1BUWw0WE9pY1FrQUctTnc1RFZSYUE?oc=5) · MLive.com
- 2010-07-16 [DeVries welcomed as new CEO?of Monarch - Coldwater Daily Reporter](https://news.google.com/rss/articles/CBMioAFBVV95cUxOUEU0anVyeklHWm5iUjBPZ2lyTGNLOW8ycXZqbkJqZktVUVh2OXdjNWh0dVVrbk93bVd1YTgtWFBoX2JBWmN1Um9qQmJqMWhSM0EwUWJxdHlpRzFRaXFvbU5TT3JqMzVOVXJDS1BzYmJtSGZjMlptZlZDc0hRYkVweGxaWEZIYlJkOTlUZzJvc1FTZzVMaWUwcWxXUDlRbVZG?oc=5) · Coldwater Daily Reporter
- 2021-11-17 [Karen L. Wampler - Hillsdale Daily News](https://news.google.com/rss/articles/CBMiWEFVX3lxTE1ZWjkyaVYwUmd0U2M1MjB1YU8tNE5COWwzeDItSkNHSmdsSlRteFlvbHZIdzJ1RW1kNmw3aXVnWHRsMjVMRjd5YnNKNzZHYjJYV3Z1STF4VGU?oc=5) · Hillsdale Daily News
- 2014-06-25 [Man with 100 lb. scrotum misdiagnosed for years - WUSA9](https://news.google.com/rss/articles/CBMipgFBVV95cUxOSkhIZFRwcXcxU1ZaeW1HMWZETzJmMHc2bnY3eWRtaUg4d0I0UERkajRKc1VSWG1zX0hqOHhPNTYtTFdWalpXT2ItLTlKblh5ZG5jUElKSElCc3VYQmJTRlVwQjZnU2ozSUxBZG1ISlJkYmlmaDdRbXNsdlBUS1pLalhsRUc4N2xqdWRhX1VPWV81V3pObkhwUnFINm1NbHBhXzhQeU5R?oc=5) · WUSA9
- 2011-01-26 [Gottschall, Case welcomed by Monarch staff - Coldwater Daily Reporter](https://news.google.com/rss/articles/CBMiqwFBVV95cUxNZ3l5ZzJOd2taTWpQMi1DVTBDNUdYczljVExadnlibFhLZXRqZ3UtUV9aOC1pZEpXVmxNSkRidXphbkcwNWJjbnl4R2xsMnlCV0hZMllaTHgtTFMzczRSMUU5OU5kZ2gxcmVsLTZyaGU0VW1iWUlmUzg3NGFMSHA2d3pOZ1pzTERCU1g4c0cza1lDNHpOYy1qZGQyUDRkU2NpY0JrelA4V3pIVzQ?oc=5) · Coldwater Daily Reporter
- 2011-09-07 [George Pierce Obituary - Coldwater, MI - Dignity Memorial](https://news.google.com/rss/articles/CBMigwFBVV95cUxOV0NFMUFpVTdxOWFwQUJ0ci1RXzdnTTZnZUVkU0VsU0c1cUhWaGpBalExa1hEcnFITTNJX2V3ZXpCbGNGbnk5ZU52Y1U4MmdCeGZwYnVBMks4S18tNW5XLVNTOEtDajZwbEFoYXJSbWRlT1B0MVlxS2RYc3dUdEtUaC1Fdw?oc=5) · Dignity Memorial
- 2010-05-06 [Mulka welcomed as commercial lender at Monarch - Coldwater Daily Reporter](https://news.google.com/rss/articles/CBMiqwFBVV95cUxPcW5BNm5wWWJBc0lfNE14MDdMMmk4N3phVTlIUko4aGFBbG1yVmJhOWUycHdFQkdSTGhydExxVUJuWWU5NzNLYS11YmZpNDkwWlZ5UmFKMEZ2RTFaWDdQS3p6eUR0allrZ1lfa1ktVGpsLXZDaFl0YjNEdV9HM1BXNzJaU2IwZUtzSVpUNjN6YXRhVHg1bVJXOUQwdTRhNXg0OGtJd0pPWVgzUU0?oc=5) · Coldwater Daily Reporter
- 2013-03-22 [Branch County United Way hosts reading event - Coldwater Daily Reporter](https://news.google.com/rss/articles/CBMinwFBVV95cUxNeWZqQlBTTERGMWpHUWdhRWdGUTUxLU5SNk1qVGt3ZXQ2Rk0xdzRWTTI0Wk5tZVprTXZrdkdQUG11dDdHZkhteDBOLVNWeDR6NnVrOTBraTNIZl9SNjA5T3I2SlhiTU1YTzlCQXpUV3R3N3N6dFdQZXRpMlB0Yi02LVZzTllQRDFCVF9mcHliYnJoV0dmVzZhcV82ZXdVcTg?oc=5) · Coldwater Daily Reporter

## How to verify

- Page: https://getbookiq.com/bank-desk/#bank=29069 (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/13.json (key "29069", 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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