# GIBRALTAR BANK
PARSIPPANY, NJ · FDIC certificate 30126 · asset band <$300M · latest filing 2020-12 · 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 | $107.5M | |
| Deposits | $84.0M | |
| Loans and leases | $88.6M | |
| Total equity | $13.3M | |
| Loans / deposits | 104.71% (p96 of band) | 68.14% |
| Liquid assets / assets | 16.08% (p6 of band) | |
| Uninsured deposits / deposits | 7.47% (p11 of band) | 17.85% |
| Brokered deposits | 0.00% | |
| Wholesale funding | 9.31% (p85 of band) | |
| FHLB advances / assets | 9.31% | |
| Tier 1 leverage | 11.57% (p62 of band) | 10.68% |
| Unrealized securities loss / equity | -0.77% (p4 of band) | 2.41% |
| AOCI / equity | 0.00% (p14 of band) | |
| ROA (annualized) | 0.65% (p32 of band) | 0.92% |
| Net interest margin | 2.61% (p12 of band) | 3.52% |
| Efficiency ratio | 75.88% (p65 of band) | |
| Noncurrent loans | 0.55% (p55 of band) | 0.43% |
| Net charge-offs (annualized) | 0.13% (p84 of band) | |
| Reserve coverage of noncurrent | 131.96% | |
| Real estate % of loans | 100% | |
| Construction % of loans | 18.41% (p57 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 | 1.7% | |
| Employees | 21 | |

## Flags firing in the latest filing

- **loans exceed deposits** (`liq_ltd`)
- **uninsured deposits leaving** (`flight_uninsured`)

## Warning timeline

| Quarter | Score | Flags that first fired | Flags that cleared |
|---|---|---|---|
| 2011-03 | 2 | securities losses >30% of equity, reserve under noncurrent |  |
| 2011-06 | 1 |  | reserve under noncurrent |
| 2011-09 | 2 | loans exceed deposits |  |
| 2011-12 | 2 |  |  |
| 2012-03 | 1 |  | securities losses >30% of equity |
| 2012-06 | 2 | capital falling |  |
| 2012-09 | 2 |  |  |
| 2012-12 | 2 |  |  |
| 2013-03 | 1 |  | capital falling |
| 2013-06 | 2 | wholesale funding >15% |  |
| 2013-09 | 3 | liquid assets <10% |  |
| 2013-12 | 2 |  | liquid assets <10% |
| 2014-03 | 2 |  |  |
| 2014-06 | 2 |  |  |
| 2014-09 | 3 | expense ratio p90 |  |
| 2014-12 | 5 | deposits shrinking, assets shrinking |  |
| 2015-03 | 5 | reserve under noncurrent | assets shrinking |
| 2015-06 | 6 | losing money |  |
| 2015-09 | 4 |  | wholesale funding >15%, deposits shrinking |
| 2015-12 | 3 |  | losing money |
| 2016-03 | 4 | losing money |  |
| 2016-06 | 5 | capital falling |  |
| 2016-09 | 4 |  | capital falling |
| 2016-12 | 3 |  | reserve under noncurrent |
| 2017-03 | 2 |  | losing money |
| 2017-06 | 2 |  |  |
| 2017-09 | 3 | capital falling |  |
| 2017-12 | 3 | losing money | capital falling |
| 2018-03 | 2 |  | losing money |
| 2018-06 | 2 |  |  |
| 2018-09 | 2 |  |  |
| 2018-12 | 2 |  |  |
| 2019-03 | 2 |  |  |
| 2019-06 | 2 |  |  |
| 2019-09 | 2 |  |  |
| 2019-12 | 2 |  |  |
| 2020-03 | 3 | capital falling, uninsured deposits leaving | expense ratio p90 |
| 2020-06 | 2 | charge-offs p90 | capital falling, uninsured deposits leaving |
| 2020-09 | 2 | uninsured deposits leaving | charge-offs p90 |
| 2020-12 | 2 |  |  |

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

- 2021-03-01 [Bogota Savings Bank Completes Acquisition of Gibraltar Bank - Business Wire](https://news.google.com/rss/articles/CBMitwFBVV95cUxNdVRMeEZBTU9vYnJuZmpkUFoxekZVX3JBX2F4aTc5N2tOU0E3elc3dkxBa3E2Ynd4YzYxMWRpdGg2aDVIOWRlYlRCb2hnRkpQLWY2RXZfZTRRLU8zY2dMalpNQmtabmpsRWpjak1PWEY5bTVHaXBocUdNVm5YWWl2YWVLMmpSbHBlTzhxLTBUeXRyeFBfamdtT1JJU24xbG80M2YxSWZrLV9tMjlVaUowRUl6LXplOEk?oc=5) · Business Wire
- 2019-12-19 [OCC Enforcement Actions and Terminations - occ.gov](https://news.google.com/rss/articles/CBMif0FVX3lxTE9MaDE0ZG4tV28zcEdaUHdXSDVDN21nLUJsTG9FRXFOZVFyeDhHVDNuc0pQWmtsUi13Y0RZRnRPejdMZkJYcFlFZ1VBUGJVUFgyN1ZQei1hdjc0dU81TFhpQlBLa1Q5UVVRZngydWdWUmh1VkhzZFN2UFhkMUtrUVU?oc=5) · occ.gov
- 2020-09-08 [Fintech Jiko Acquires Minnesota Bank - Banking Exchange](https://news.google.com/rss/articles/CBMikgFBVV95cUxOWVdPbFQtT0tfdi11OEk5MG5wc19PUFVvLWRNczB5d1BIcEEwR3BOWXNvcHpxeER2XzZiUWdrQThfQlJZWk41MFA4bHE1MDdxNEswN0x6cWlkdlY0b1Nva3NZN0dxb0E0NXFpdGFiVHM1YVZScW91R2Vpdnc0aXJfV0g5ckVfUGt2YnY2cDJVYmVLZw?oc=5) · Banking Exchange
- 2016-03-18 [OCC Enforcement Actions and Terminations for March 2016 - occ.gov](https://news.google.com/rss/articles/CBMifkFVX3lxTE94bGNVUlNzZDN4eGg0R3dkbXFtSVZveDdxN1pQenlhMWsyV1U5VGNOZ3pYRWRJN1UyVHN6eUpMeFdoaWRxVUxYT2NVOHEyNGxSaUxWTmF4cWk3dmJhMnQzdlJSRmZHLTBsUVU4QmZoWkFMNnhkLVJfZ1ZMcmxaUQ?oc=5) · occ.gov
- 2023-11-29 [Bogota Financial Corp. CEO Joseph Coccaro Retires - citybiz](https://news.google.com/rss/articles/CBMikAFBVV95cUxQOXRuVWtielJ6MUpYU1pjLVVzNTRkRzZqX1ZlWWU2dHhsN1ZYS0pZSGtMdHd5MjRHV1dqNXI2cFdrU2FTdkJsd0tMc2dNV0xEN29CM1M1ckV6U01kbWd3aW1UdHRjRnpMblhVWmNfUTZGZGRVa3Q1Q2E0dHczM2RLOGV3WGlpOXZoYTF1UU0yc1I?oc=5) · citybiz
- 2019-07-19 [Hackers Defraud Homeowners Out of Hundreds of Thousands of Dollars - wsj.com](https://news.google.com/rss/articles/CBMiqwFBVV95cUxNOTlzZmk3aDh4MHRZY3JUMXlsc0pHZjZyQ0dEOEROVEo3VTRnWk5jVm44QVBqR1VOLV9TRkpfcTBzNDVheF83UkJva3BVSTJJTlk2YWhEUTBaOFNfUFZvX2tWR19fRUNjemhPQU5PczloOWV0Y0xrTG40eG4wSU02aGVaamptSmRVQk1IaVFHZ1luUUxkeWc0REdLQVNXRmV3SUtTcEtpMi00VXM?oc=5) · wsj.com
- 2023-06-13 [Walter Provost Obituary (2023) - Charlestown, NH - NJ.com](https://news.google.com/rss/articles/CBMijwFBVV95cUxONUw1MGRHenp1OTJOckRsNlBkYTh4ZWpHb0VBa1dqNTlvbkVzZ3A2Zm1kYk5qOGN1LVFoa2J1S18yRlJNLVVuQ21mVHhldmhMbjJSak5BaUVBb0ZtOTlwYkdhT2QxbHZnR2psdVRkLVFmcl9ibVo5Tk9hclliSWtvWV9pLVdqS2ZpV2VQNkZtbw?oc=5) · NJ.com
- 2003-02-04 [Octavio Trippe Obituary (2003) - Dallas News](https://news.google.com/rss/articles/CBMiowFBVV95cUxQaHctTTVZV0taNl9GRVZ1dkZCeTR3OGF3RG5yMEs2Um5TVFZZOG03RzdJRGRVUmY5RE1pRGU0cjlwNTlOLWV4RGZVc3RLNnRKWUhnS0lfRkRlTVJWMXJjcWN0WlJjNXE5eWpuS2JLOXBfb2hNWDhFdWVvU1pTRHVpY0xSVmFLbGhvcm92WDY2a2ZCdUpTeklDcnhpOE1BZ09naUM4?oc=5) · Dallas News

## How to verify

- Page: https://getbookiq.com/bank-desk/#bank=30126 (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/46.json (key "30126", 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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