# FLATBUSH FS&LA
BROOKLYN, NY · FDIC certificate 29435 · asset band <$300M · latest filing 2012-09 · stopped filing (departed)

**Verdict on the desk:** this could be *credit-stressed*. Composite score 3 (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 | $137.4M | |
| Deposits | $112.7M | |
| Loans and leases | $84.3M | |
| Total equity | $17.7M | |
| Loans / deposits | 73.89% (p59 of band) | 69.20% |
| Liquid assets / assets | 27.31% (p33 of band) | |
| Uninsured deposits / deposits | 7.76% (p45 of band) | 8.50% |
| Brokered deposits | 0.00% | |
| Wholesale funding | 4.07% (p63 of band) | |
| FHLB advances / assets | 3.72% | |
| Tier 1 leverage | 14.77% (p88 of band) | 10.13% |
| Unrealized securities loss / equity | 11.46% (p86 of band) | 3.81% |
| AOCI / equity | 1.04% (p69 of band) | |
| ROA (annualized) | 3.47% (p98 of band) | 0.80% |
| Net interest margin | 3.65% (p43 of band) | 3.77% |
| Efficiency ratio | 45.22% (p4 of band) | |
| Noncurrent loans | 10.26% (p97 of band) | 1.27% |
| Net charge-offs (annualized) | 1.34% (p96 of band) | |
| Reserve coverage of noncurrent | 12.67% | |
| Real estate % of loans | 100% | |
| Construction % of loans | 2.15% (p21 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 | -2.0% | |
| Employees | 32 | |

## Flags firing in the latest filing

- **noncurrent p90** (`aq_noncurrent`)
- **charge-offs p90** (`aq_nco`)
- **reserve under noncurrent** (`aq_reserve`)

## Warning timeline

| Quarter | Score | Flags that first fired | Flags that cleared |
|---|---|---|---|
| 2011-03 | 3 | securities losses >30% of equity, noncurrent p90, reserve under noncurrent |  |
| 2011-06 | 5 | losing money, charge-offs p90 |  |
| 2011-09 | 6 | capital falling |  |
| 2011-12 | 4 |  | charge-offs p90, capital falling |
| 2012-03 | 3 | charge-offs p90 | securities losses >30% of equity, losing money |
| 2012-06 | 3 |  |  |
| 2012-09 | 3 |  |  |

## 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=29435 (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/59.json (key "29435", 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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