# TOWN SQUARE BANK
ASHLAND, KY · FDIC certificate 29877 · asset band $300M-1B · latest filing 2018-09 · 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 | $440.6M | |
| Deposits | $367.7M | |
| Loans and leases | $318.9M | |
| Total equity | $57.5M | |
| Loans / deposits | 85.89% (p49 of band) | 86.40% |
| Liquid assets / assets | 21.77% (p49 of band) | |
| Uninsured deposits / deposits | 12.29% (p14 of band) | 21.53% |
| Brokered deposits | 0.00% | |
| Wholesale funding | 1.87% (p30 of band) | |
| FHLB advances / assets | 1.41% | |
| Tier 1 leverage | 12.81% (p83 of band) | 10.49% |
| Unrealized securities loss / equity | -2.95% (p54 of band) | -3.26% |
| AOCI / equity | -1.88% (p50 of band) | |
| ROA (annualized) | 0.73% (p20 of band) | 1.12% |
| Net interest margin | 3.76% (p51 of band) | 3.75% |
| Efficiency ratio | 68.53% (p60 of band) | |
| Noncurrent loans | 2.04% (p91 of band) | 0.51% |
| Net charge-offs (annualized) | 0.86% (p99 of band) | |
| Reserve coverage of noncurrent | 47.97% | |
| Real estate % of loans | 83% | |
| Construction % of loans | 16.08% (p22 of band) | |
| Auto loans | $11.0M (3.46% of loans; DQ 0.67%, NCO 0.00%) | |
| Loans to nondepository financials | $0 (0% of equity) (p44 of band) | |
| Deposits YoY | -2.0% | |
| Employees | 101 | |

## 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 | 0 |  |  |
| 2011-06 | 0 |  |  |
| 2011-09 | 1 | reserve under noncurrent |  |
| 2011-12 | 1 |  |  |
| 2012-03 | 0 |  | reserve under noncurrent |
| 2012-06 | 1 | uninsured deposits leaving |  |
| 2012-09 | 0 |  | uninsured deposits leaving |
| 2012-12 | 0 |  |  |
| 2013-03 | 0 |  |  |
| 2013-06 | 2 | deposits shrinking, assets shrinking |  |
| 2013-09 | 2 |  |  |
| 2013-12 | 2 |  |  |
| 2014-03 | 2 | expense ratio p90, reserve under noncurrent | deposits shrinking, assets shrinking |
| 2014-06 | 1 |  | expense ratio p90 |
| 2014-09 | 1 |  |  |
| 2014-12 | 1 |  |  |
| 2015-03 | 1 |  |  |
| 2015-06 | 1 |  |  |
| 2015-09 | 1 |  |  |
| 2015-12 | 1 |  |  |
| 2016-03 | 1 |  |  |
| 2016-06 | 1 |  |  |
| 2016-09 | 2 | capital falling |  |
| 2016-12 | 2 |  |  |
| 2017-03 | 2 | charge-offs p90 | capital falling |
| 2017-06 | 1 |  | charge-offs p90 |
| 2017-09 | 2 | charge-offs p90 |  |
| 2017-12 | 5 | capital falling, losing money, expense ratio p90 |  |
| 2018-03 | 3 | noncurrent p90 | capital falling, losing money, expense ratio p90 |
| 2018-06 | 3 |  |  |
| 2018-09 | 3 |  |  |

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

- 2018-07-12 [City National Bank to acquire Town Square - The Daily Independent](https://news.google.com/rss/articles/CBMiyAFBVV95cUxPZmdyM0R5M2t1SkdqNVd1NHVHSDJrcUJ1MFNvd19lcFJCRFIxZmNWUVlGaVJ5NzlFdk5DdUVsM3l1YUthZ3pkY21yN2pXS19nTlU5Vk9BcW8yYkJJSk0tOG9yaFdMaDI5cHd4ZkpMU1hoMkVEanBFMThobnFpU2FXZTQxcXdyM2JaY0h1TW9aVmZhWFRJMDJjZzIxdzNEd09RaVBvUktYSE12Q3hzQWlxSDY3akNrOXJDZE1HczNfdEN6Zkg0ZWprdA?oc=5) · The Daily Independent
- 2017-09-14 [UPDATE: Bank employee reaches plea agreement after more than $1 million loan scheme - WSAZ](https://news.google.com/rss/articles/CBMisAFBVV95cUxPajF6Z0U0NlpteDl2ZW9CTTZ3NEhFYmtFVzlFNm5iNDJENW01TlpBaUNicFVNTHVrbldMWHBnSG1KQjhiTXpOWmpCQlJkRlp0d1hzOGp1NlF4SkdlUm9iR2xiUWdwejFCbTlQSFRDaEItRHZmZ2ZDOXppRHc5SmN5UTNCOF9YMFFaTnNiU1hXQk5CUF9paXNLZDB2T0daZWhHVlZjZTcwRDZTUXdpbU9zeQ?oc=5) · WSAZ
- 2017-09-14 [Police say employee defrauded bank of $1.3 million in Boyd County, Ky - WCHS](https://news.google.com/rss/articles/CBMinAFBVV95cUxOYjNONWh2R2ZCXzQxUDI5Q2xwQXMwMGZlX3JaRmNQSEVnMk8zOGg2VzdhMUJLV0VuSTNFQkItc3U5aFA3TTRPNHlpNlRYWC1RU0dfTXlMSjMwNXpEYXNVUUlsdjI3WFJPMkJDTUhzVnFjeGlOWFZWZ3A4XzMyc3lKZjh2SGpmUlZmQU1wVlRhUDZMLWpxUm5QWlNELVo?oc=5) · WCHS
- 2015-05-28 [Prehistoric Greenup Mound to be Studied by UK Faculty and Students - UKNow](https://news.google.com/rss/articles/CBMilgFBVV95cUxOYXluTXhwNlpWZVlfb2p6R0hZSFZxaXpMOVFJZUVySlRkTF9Vc1Y1VmphbTFuWFVlc3YySlhMZzdJZW1NeHNYLWItbHZWdWgwZmY3Wk9BSHNrSmtscGFJUW5kU0txT3lrTzhmNG1HcUxCc3loRjdTdTl4ZEp3aEExNG5LQ3lsaEY0Q3BuU3VoQkR4Q29nVFE?oc=5) · UKNow
- 2019-11-29 [‘Desperate need for money.’ Man defrauded KY bank in a spiral of drug and alcohol abuse. - Lexington Herald Leader](https://news.google.com/rss/articles/CBMicEFVX3lxTFBfOGhiUUphSnZQa21wNkE4ZkFrVW13N056RnZMNEM3Wkd5VXBOdDF0YmFYREo0clpsZmwxSTJiZzg3Q1NaRng4bTBxLXFpM3NxdmNpNl9TakRSZVBDYWxhVHczVDRqNlZ4eHc1dlU3OU3SAXBBVV95cUxNNl9kd1hmLXlkaHFvU3R5SWtzenR0bXQyeXpKdGMxQ1R6VHVKNlJNNFdVVThMOVBnUVgtRVYwVVlkZ3lOMWNOLWxhcWJPTXkxSHVEVXlxSnlFNlZIMFFHUFdMY0Y1VXZDVTNkeWhUQWNi?oc=5) · Lexington Herald Leader
- 2019-07-08 [Feds: $4.6 million fraud reached 4 states - Cincinnati Enquirer](https://news.google.com/rss/articles/CBMiwAFBVV95cUxQN1RHdDFJRUItNF9vLWZ3bmNEUVpLdURSdUs3anJhOHZMQ05DUDFSRnllaEpCa0JkOXlZTzF1aEVObU5tNXp3d1AtTW8xamREdmQ1MjNRbm9jWERvSWluMFdnQUctX2ZqWVhKQTJwVXp1S1hOUmZld0d1TzlscWxyOEFfbGM0czlOd1R4UXhLeEZqaU5kQl9VZ19pMmxHVS13NHo4dl83Qy1DV1JfMHY1Qk9oZzdUVTNiU1ZYOUowdDM?oc=5) · Cincinnati Enquirer
- 2015-05-11 [Prehistoric Native American burial mound in rural Greenup donated to conservancy group - Northern Kentucky Tribune](https://news.google.com/rss/articles/CBMiugFBVV95cUxOd1VOdjIwWlRsTkluUDZ5dmwxTE5tQWhfQ3l0RmJCRVJ2dW9OaEtZcW1jYmVLSTk1SnRNOUNZNkhWMEdxTzdpcVRKelNSaS1oOGJDUHJnd0gydkpRVUkzRkhMMkk0alFVT3JLN2ZKc2RjZVVUcjFXZzFWVUMySThhMnNUUHh4bTZHNmhfTFZhc1ItVVF5MDZ0TkFhT0hoZU5ic3Rhc0pua2VLaXJsMTRtMTBvVUl4SkJWWXc?oc=5) · Northern Kentucky Tribune
- 2017-12-19 [Bank executive pleads guilty to defrauding bank of more than $1 million - WCHS](https://news.google.com/rss/articles/CBMirwFBVV95cUxQNldQNk93Vl95eUVUdjUzVmJlSUlNTHZuOEU0U2lKNjlNMFJQQ0FiNXlCMzc4R1RhU0VnNVNnUDgyN25RUEpJNHRQNmRPc3EwQmdwdE5DUlFrdk5Na2xUcXN0Nk1IZVpBaEZycldPU1FtTG5KWGhZM3FlTkY4OEtISDI1THFrSmxuVnl2M2lRb2RWczAtQ2tGQk15ejcxNzdURUFOU2pWMlNaaFRUcW5B?oc=5) · WCHS

## How to verify

- Page: https://getbookiq.com/bank-desk/#bank=29877 (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/53.json (key "29877", 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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