# WINFIRST BANK
WINCHESTER, KY · FDIC certificate 29313 · asset band <$300M · latest filing 2020-09 · stopped filing (departed)

**Verdict on the desk:** this could be *funding-stretched*. Composite score 2 (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 | $145.8M | |
| Deposits | $100.2M | |
| Loans and leases | $123.8M | |
| Total equity | $19.5M | |
| Loans / deposits | 122.42% (p98 of band) | 72.51% |
| Liquid assets / assets | 10.65% (p3 of band) | |
| Uninsured deposits / deposits | 13.07% (p32 of band) | 17.44% |
| Brokered deposits | 0.00% | |
| Wholesale funding | 17.78% (p94 of band) | |
| FHLB advances / assets | 16.53% | |
| Tier 1 leverage | 13.54% (p76 of band) | 10.85% |
| Unrealized securities loss / equity | 0.19% (p19 of band) | 2.55% |
| AOCI / equity | -0.10% (p3 of band) | |
| ROA (annualized) | 1.31% (p71 of band) | 0.95% |
| Net interest margin | 3.25% (p34 of band) | 3.57% |
| Efficiency ratio | 55.04% (p15 of band) | |
| Noncurrent loans | 0.96% (p66 of band) | 0.49% |
| Net charge-offs (annualized) | 0.01% (p60 of band) | |
| Reserve coverage of noncurrent | 103.36% | |
| Real estate % of loans | 98% | |
| Construction % of loans | 56.13% (p85 of band) | |
| Auto loans | $101,000 (0.08% of loans; DQ 0.00%, NCO 0.00%) | |
| Loans to nondepository financials | $0 (0% of equity) (p48 of band) | |
| Deposits YoY | 4.4% | |
| Employees | 18 | |

## Flags firing in the latest filing

- **loans exceed deposits** (`liq_ltd`)
- **wholesale funding >15%** (`liq_wholesale`)

## Warning timeline

| Quarter | Score | Flags that first fired | Flags that cleared |
|---|---|---|---|
| 2011-03 | 2 | loans exceed deposits, wholesale funding >15% |  |
| 2011-06 | 3 | reserve under noncurrent |  |
| 2011-09 | 3 |  |  |
| 2011-12 | 3 |  |  |
| 2012-03 | 3 |  |  |
| 2012-06 | 3 | uninsured deposits leaving | reserve under noncurrent |
| 2012-09 | 4 | assets shrinking |  |
| 2012-12 | 2 |  | uninsured deposits leaving, assets shrinking |
| 2013-03 | 3 | uninsured deposits leaving |  |
| 2013-06 | 4 | deposits shrinking, assets shrinking | uninsured deposits leaving |
| 2013-09 | 3 | reserve under noncurrent | deposits shrinking, assets shrinking |
| 2013-12 | 3 | capital falling | reserve under noncurrent |
| 2014-03 | 3 |  |  |
| 2014-06 | 2 |  | capital falling |
| 2014-09 | 2 |  |  |
| 2014-12 | 2 |  |  |
| 2015-03 | 2 |  |  |
| 2015-06 | 2 |  |  |
| 2015-09 | 2 |  |  |
| 2015-12 | 2 |  |  |
| 2016-03 | 3 | assets shrinking |  |
| 2016-06 | 3 |  |  |
| 2016-09 | 4 | uninsured deposits leaving |  |
| 2016-12 | 3 |  | uninsured deposits leaving |
| 2017-03 | 3 | uninsured deposits leaving | assets shrinking |
| 2017-06 | 2 |  | uninsured deposits leaving |
| 2017-09 | 1 |  | wholesale funding >15% |
| 2017-12 | 2 | wholesale funding >15% |  |
| 2018-03 | 3 | liquid assets <10%, assets shrinking | wholesale funding >15% |
| 2018-06 | 2 | wholesale funding >15% | liquid assets <10%, assets shrinking |
| 2018-09 | 5 | liquid assets <10%, deposits shrinking, uninsured deposits leaving |  |
| 2018-12 | 4 | capital falling | liquid assets <10%, uninsured deposits leaving |
| 2019-03 | 2 |  | deposits shrinking, capital falling |
| 2019-06 | 2 |  |  |
| 2019-09 | 3 | reserve under noncurrent |  |
| 2019-12 | 3 | capital falling | reserve under noncurrent |
| 2020-03 | 3 | reserve under noncurrent | capital falling |
| 2020-06 | 3 |  |  |
| 2020-09 | 2 |  | reserve under noncurrent |

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

- 2020-12-15 [Summit Financial Group, Inc. Completes Acquisition of WinFirst Financial Corp. and Subsidiary, WinFirst Bank - GlobeNewswire](https://news.google.com/rss/articles/CBMihwJBVV95cUxNMlBqZzJJX1p6cWRjNHNRMnRtSXhZd3VUTjUwTnZIcGkwNktqWkl5Tlk5SU9VYi0zbDQ3N201Z3JuSVhTa3pkVWxiNWY1LXNxaWozX3NEakJad1RqcUtjNFFMU1BpeHBCTnNZZUxVTENMQnVpTTVERFp6dnRkMDlYeGhfOGdVclVTRjRDeEswcGpGLWgxYzkzU3A1aGszQkJsWGNaZXhhNnp6X20xUWRsam5mUFRlZXpDeTBocmltWW1mSlVCS2dDRDl4S2QwT3VqcGhzRVRoWERPS2k0SlFRdjEyYXptZ1FYMDZCWDRWTW5uQ3RCV1drZExlUV9kNml0eURwY1l6dw?oc=5) · GlobeNewswire
- 2019-07-23 [First South Financial acquires WinFirst Bank - Winchester Sun](https://news.google.com/rss/articles/CBMiigFBVV95cUxNdU5iQlVnT1Y1di1xLThDRVd1UVRWcmx6OW13YXhVRDNEUVV5UWVSWm5oQS1pendvWWxIbUFiSUo2VGVSbW9jLWJaeDJKelhGQWtwWWRWSWdFRV8yMDZlN0VKckZkV2hSOUY1bGJKeDdzUXNESFVxMUx3RWZPQXVfejJVRFlLNlhtbGc?oc=5) · Winchester Sun
- 2019-09-28 [Nonprofit offers life skills course for high schoolers - Winchester Sun](https://news.google.com/rss/articles/CBMilwFBVV95cUxPMU1SeHVFVnZWMFZLaWY4bmVtem51dmNIT2RRWHNqaVBBMlozd1JvcVJmMHZ3cWFkM1pQaEVka2ZaWkdCWXRFMFl4T05nRFVFaXBVMjE0clhCajNDWDJ2cWgwRkp2U2oteWhaN3BSeGltSUI0RXJNNExYbWMwVXdmT0cwT2lfa1Y5ZWZNVVN2end5UEM5amVJ?oc=5) · Winchester Sun

## How to verify

- Page: https://getbookiq.com/bank-desk/#bank=29313 (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/1.json (key "29313", 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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Rendered 2026-09-10 from the desks' own data files. Full guide: https://getbookiq.com/guide