# WASHINGTON SAVINGS BANK FSB
BOWIE, MD · FDIC certificate 32351 · asset band $300M-1B · latest filing 2013-03 · stopped filing (departed)

**Verdict on the desk:** this could be *credit-stressed*. Composite score 6 (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 | $331.8M | |
| Deposits | $221.9M | |
| Loans and leases | $184.8M | |
| Total equity | $52.6M | |
| Loans / deposits | 82.00% (p66 of band) | 74.76% |
| Liquid assets / assets | 34.63% (p61 of band) | |
| Uninsured deposits / deposits | 7.71% (p14 of band) | 16.74% |
| Brokered deposits | 5.42% | |
| Wholesale funding | 22.30% (p95 of band) | |
| FHLB advances / assets | 16.88% | |
| Tier 1 leverage | 14.01% (p92 of band) | 9.77% |
| Unrealized securities loss / equity | 2.35% (p43 of band) | 2.98% |
| AOCI / equity | -0.22% (p55 of band) | |
| ROA (annualized) | 0.02% (p6 of band) | 0.80% |
| Net interest margin | 2.76% (p13 of band) | 3.52% |
| Efficiency ratio | 101.43% (p96 of band) | |
| Noncurrent loans | 11.60% (p98 of band) | 1.55% |
| Net charge-offs (annualized) | 0.41% (p85 of band) | |
| Reserve coverage of noncurrent | 13.04% | |
| Real estate % of loans | 99% | |
| Construction % of loans | 53.25% (p72 of band) | |
| Auto loans | $45,000 (0.02% of loans; DQ 0.00%, NCO 0.00%) | |
| Loans to nondepository financials | $0 (0% of equity) (p45 of band) | |
| Deposits YoY | -12.9% | |
| Employees | 100 | |

## Flags firing in the latest filing

- **wholesale funding >15%** (`liq_wholesale`)
- **expense ratio p90** (`earn_efficiency`)
- **noncurrent p90** (`aq_noncurrent`)
- **reserve under noncurrent** (`aq_reserve`)
- **deposits shrinking** (`shrink_deposits`)
- **assets shrinking** (`shrink_assets`)

## Warning timeline

| Quarter | Score | Flags that first fired | Flags that cleared |
|---|---|---|---|
| 2011-03 | 4 | brokered >10%, wholesale funding >15%, expense ratio p90, reserve under noncurrent |  |
| 2011-06 | 2 |  | brokered >10%, expense ratio p90 |
| 2011-09 | 2 |  |  |
| 2011-12 | 2 |  |  |
| 2012-03 | 7 | expense ratio p90, charge-offs p90, deposits shrinking, assets shrinking, uninsured deposits leaving |  |
| 2012-06 | 5 |  | deposits shrinking, assets shrinking |
| 2012-09 | 6 | noncurrent p90 |  |
| 2012-12 | 7 | deposits shrinking, assets shrinking | charge-offs p90 |
| 2013-03 | 6 |  | uninsured deposits leaving |

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

- 1993-04-11 [DAVID GETS GOLIATH'S FINAL PAYMENT - The Washington Post](https://news.google.com/rss/articles/CBMiygFBVV95cUxOejZkZHRtMmI5VlM5TXVFTFhXeFAtT1VhOGxfYUxOSldKYmViU0N2ZXBKSlJHekhmRHNBOUFOdHZuc0h5Y1MxUjZHeGF3ZF9kamdpMVdTYnoxeGNxaGlBTHNBd0ZHV1RlNHIzeU5XUllFYWh0V25IZ0VJcjE5Q0NSNGdHRlVIeFpJcGN3NmlYMXdvZVdJQWh1VnF4akJQN2QydzdYWnE5X0VERU5sU2djbTNCWkFKdEZJd2xMelYyWXRYOWpWMjNMc2Vn?oc=5) · The Washington Post

## How to verify

- Page: https://getbookiq.com/bank-desk/#bank=32351 (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/31.json (key "32351", 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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