# DORAL BANK
SAN JUAN, PR · FDIC certificate 32102 · asset band $1-10B · latest filing 2014-12 · FAILED

**Verdict on the desk:** this could be *credit-stressed*. Composite score 15 (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 | $5.90B | |
| Deposits | $4.10B | |
| Loans and leases | $4.65B | |
| Total equity | $427.2M | |
| Loans / deposits | 110.36% (p92 of band) | 84.90% |
| Liquid assets / assets | 11.10% (p7 of band) | |
| Uninsured deposits / deposits | 6.71% (p9 of band) | 24.14% |
| Brokered deposits | 11.93% | |
| Wholesale funding | 30.78% (p95 of band) | |
| FHLB advances / assets | 9.08% | |
| Tier 1 leverage | 2.23% (p2 of band) | 9.76% |
| Unrealized securities loss / equity | 0.20% (p31 of band) | 0.91% |
| AOCI / equity | 0.82% (p44 of band) | |
| ROA (annualized) | -4.68% (p0 of band) | 0.93% |
| Net interest margin | 3.36% (p38 of band) | 3.54% |
| Efficiency ratio | 145.06% (p100 of band) | |
| Noncurrent loans | 14.49% (p99 of band) | 0.82% |
| Net charge-offs (annualized) | 2.92% (p99 of band) | |
| Reserve coverage of noncurrent | 19.28% | |
| Real estate % of loans | 77% | |
| Construction % of loans | 172.01% (p100 of band) | |
| Auto loans | $12,000 (0.00% of loans; DQ 0.00%, NCO 0.00%) | |
| Loans to nondepository financials | $0 (0% of equity) (p37 of band) | |
| Deposits YoY | -18.4% | |
| Employees | 1086 | |

## Flags firing in the latest filing

- **loans exceed deposits** (`liq_ltd`)
- **brokered >10%** (`liq_brokered`)
- **wholesale funding >15%** (`liq_wholesale`)
- **leverage <7%** (`cap_low`)
- **leverage <5%** (`cap_critical`)
- **losing money** (`earn_negative`)
- **expense ratio p90** (`earn_efficiency`)
- **noncurrent p90** (`aq_noncurrent`)
- **charge-offs p90** (`aq_nco`)
- **reserve under noncurrent** (`aq_reserve`)
- **construction >100% equity** (`conc_construction`)
- **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 | loans exceed deposits, brokered >10%, wholesale funding >15%, NIM <2.5%, noncurrent p90, reserve under noncurrent |  |
| 2011-06 | 7 | expense ratio p90 |  |
| 2011-09 | 7 | losing money | NIM <2.5% |
| 2011-12 | 7 |  |  |
| 2012-03 | 8 | charge-offs p90 |  |
| 2012-06 | 9 | capital falling |  |
| 2012-09 | 8 |  | capital falling |
| 2012-12 | 8 |  |  |
| 2013-03 | 8 |  |  |
| 2013-06 | 8 |  |  |
| 2013-09 | 8 |  |  |
| 2013-12 | 8 |  |  |
| 2014-03 | 12 | leverage <7%, leverage <5%, construction >100% equity |  |
| 2014-06 | 13 | capital falling |  |
| 2014-09 | 15 | deposits shrinking, assets shrinking |  |
| 2014-12 | 15 | uninsured deposits leaving | capital falling |

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

- 2015-02-27 [Doral Bank Fails After Years of Tumult - WSJ](https://news.google.com/rss/articles/CBMiiwFBVV95cUxPQWpEUFhZMnNkMDkydUpSVjJIVnpFRHNHOGdsVldOUHYtRktBZzZ2a0l2ZnJzRjJPaDB0YWJKX0M4QWFHQ1NudDU2YjR6azZEUko4Z2VoVmg5UXFRbklRS0ozbUxpRG5Md0VvZGVIN2hmX2JLaldpU0ZiUURYdnl2VmNXQWFiM0dIU3E0?oc=5) · WSJ
- 2016-07-08 [Watch Murder Mystery: Death of Puerto Rico Banker Investigated - Bloomberg.com](https://news.google.com/rss/articles/CBMipgFBVV95cUxObzk1bzdEeTVBSFNQUEZha1ktLTQ5b216RElIcmhsN3NBUkFTUVZzc1dlYVIyR3A4MWlrbk52SXhSYmlMSGZyaU1uUkx4MUY3MENrRmE2Vlk1ZXNMZlFuSjZiWGVDcHVqNmlqZWtpTkVvT2hFUmhaQXpzam44LTRLSk5pRl8tb0N6TkhCc29pNE1SUklXVWd3TkhvTFNZMGtzeHZ6aHZ3?oc=5) · Bloomberg.com
- 2015-02-27 [UPDATE: Doral Bank closed by FDIC - Panama City News Herald](https://news.google.com/rss/articles/CBMilAFBVV95cUxPQ1g2SnlhTjV0eTRENklITjEtMzBSSGxLVzNQZjdBV0hYYjVybEZsS3FnSUM3U3IxQkhvandsWFM1MmpoUVBTOVV5S3lwVDE5N2ZGWHRXaXFBazQ0NExlbUdkT05uVUlxcDktNDBmakROVjNNeXRVTm5CSzZGTlRDakR3Q1JyeWlsam1Hem94WVloYUxQ?oc=5) · Panama City News Herald
- 2015-02-27 [Doral Financial in Puerto Rico Is Shut Down by Regulators (Published 2015) - The New York Times](https://news.google.com/rss/articles/CBMimwFBVV95cUxOUXRHRFVQNU9maVU1UTlza255OHFJcGlvV1dlQm9pZVpCU18xZzJxRjZQTHNBSXlJYUpEaUsyU0hLYW4xWkNHZ3AzYzFXZDB6LS1OYXJndndna2NNZ204OTJCUjRsbU5ncl9XT3hlaXlGdUFQTVVDZE5WTkxEV2MycFpHWTAxWC1xRV9pUHdjckdqMnMxcURzcEdUNA?oc=5) · The New York Times
- 2015-02-27 [FDIC, OCIF order closing of Puerto Rico’s Doral Bank - News is My Business](https://news.google.com/rss/articles/CBMiX0FVX3lxTFBURF8tdnpnTEwyZTdXdUJDa25vSjVRYmloRGxweHR3dEJYWV9RdDhoWFRxWFhWbUFtNTZENDVBYTdHQ3lWNnVXU3pvNmRGaHhEZTVud3hUZ0RiWUtneVNj?oc=5) · News is My Business
- 2013-06-19 [Widow of US banker gunned down in Puerto Rico pressures FBI to solve murder - EL PAÍS English](https://news.google.com/rss/articles/CBMigwFBVV95cUxPNzhfWU5iUDlnTUhSOUQzN2hqM0h0TE0wMVZqV0RSWDZhVTktOVI2ODFpSkZPMUtZQW5MckZ3ODFXOFZXVk9GX3pMQ2M1OXFLRnZ5Ni1lamg3MkpQUTA1UFlmaW5Tcy10V1FjRE9kUXZfLXBJUXc5TXZTWUFBREFCZHU2WdIBlwFBVV95cUxQVENsYXJZNG9IU0pfN0hpbTBKQXVYYUUyRHhSUnhoU2xBdEJXZDRuTkJNOU8xRjdrbjZYeUpxMG45T1pjN3dyRHR3SGU4c3hSZzQxckhVOEV0cFRfNkJHOGpEWWh2T0lRMEktX0JlcUUtajl4U05SWk0tNFFwX283V0xuX1ppdllBaWU0MFF1eU1JSTFrSkg4?oc=5) · EL PAÍS English
- 2018-02-21 [FDIC Sues 16 Banks as Receiver for Failed Puerto Rico Bank - WSJ](https://news.google.com/rss/articles/CBMinwFBVV95cUxNVXM3MXE2SmRHYUxKYkpTdDhvcUNoaFI0Q2dJcUJRaVlZb09WTTZmcEk3SmFvc05OVEp2dTQwT1pEbm1tZnplclNvajY3TDc4TnAtMjhWTWlkSnFsb0JRYWhSVG9mSWRGR2gtYVJuRTNncmp4TFVtbjhWQmp6RWJDTEtXQmlabC0yckJKVXlWUVI1RGJ0Mk5vdG9JelBQLXM?oc=5) · WSJ
- 2018-02-21 [Global Lenders Accused in Suit of Helping Sink Doral Bank - Bloomberg.com](https://news.google.com/rss/articles/CBMitAFBVV95cUxPckVzeEFGTi1oalRieV9waVhlWThUZEJXaVdjRzN0QmtFUG14d205OVZsTzhWV192NG5seVR4RWRZOWZ4dGtweTJDUWx6eVV5UGl2ano2NDFUa0plNDhSOUtIQ0d1QTN2aUsydzF1RnBzejhtLUlmOTV0WTYwbWxhdUJKTmdxZ2NMR0ktaFpRV0Z2d1pMYnVZV2tTei03MkQ1Sng2dExadVpUVFhsemdVdzV6cGI?oc=5) · Bloomberg.com

## How to verify

- Page: https://getbookiq.com/bank-desk/#bank=32102 (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/38.json (key "32102", 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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