# TALMER WEST BANK
ANN ARBOR, MI · FDIC certificate 33134 · asset band $300M-1B · latest filing 2015-06 · stopped filing (departed)

**Verdict on the desk:** this could be *credit-stressed*. Composite score 4 (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 | $794.0M | |
| Deposits | $630.6M | |
| Loans and leases | $423.0M | |
| Total equity | $157.2M | |
| Loans / deposits | 65.73% (p21 of band) | 82.05% |
| Liquid assets / assets | 36.62% (p74 of band) | |
| Uninsured deposits / deposits | 20.02% (p53 of band) | 19.19% |
| Brokered deposits | 0.00% | |
| Wholesale funding | 0.00% (p6 of band) | |
| FHLB advances / assets | 0.00% | |
| Tier 1 leverage | 16.59% (p96 of band) | 10.09% |
| Unrealized securities loss / equity | 0.13% (p42 of band) | 0.40% |
| AOCI / equity | -0.70% (p31 of band) | |
| ROA (annualized) | 1.02% (p60 of band) | 0.91% |
| Net interest margin | 5.34% (p98 of band) | 3.56% |
| Efficiency ratio | 66.59% (p44 of band) | |
| Noncurrent loans | 8.36% (p99 of band) | 0.80% |
| Net charge-offs (annualized) | -0.05% (p9 of band) | |
| Reserve coverage of noncurrent | 24.14% | |
| Real estate % of loans | 88% | |
| Construction % of loans | 6.59% (p12 of band) | |
| Auto loans | $1.5M (0.36% of loans; DQ 18.63%, NCO 0.02%) | |
| Loans to nondepository financials | $0 (0% of equity) (p44 of band) | |
| Deposits YoY | -17.3% | |
| Employees | 110 | |

## Flags firing in the latest filing

- **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 | 9 | leverage <7%, leverage <5%, losing money, expense ratio p90, noncurrent p90, charge-offs p90, reserve under noncurrent, construction >100% equity |  |
| 2011-06 | 9 |  |  |
| 2011-09 | 9 |  |  |
| 2011-12 | 9 |  |  |
| 2012-03 | 11 | deposits shrinking, assets shrinking, uninsured deposits leaving | charge-offs p90 |
| 2012-06 | 11 |  |  |
| 2012-09 | 9 |  | losing money, construction >100% equity |
| 2012-12 | 11 | losing money, construction >100% equity |  |
| 2013-03 | 8 |  | uninsured deposits leaving, losing money, construction >100% equity |
| 2013-06 | 7 | charge-offs p90 | leverage <5% |
| 2013-09 | 7 |  |  |
| 2013-12 | 7 |  |  |
| 2014-03 | 3 |  | leverage <7%, deposits shrinking, assets shrinking, charge-offs p90 |
| 2014-06 | 2 |  | expense ratio p90 |
| 2014-09 | 2 |  |  |
| 2014-12 | 2 |  |  |
| 2015-03 | 5 | charge-offs p90, deposits shrinking, assets shrinking |  |
| 2015-06 | 4 |  | charge-offs p90 |

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

- 2015-01-10 [Talmer and First of Huron Corp. to merge - Times Herald](https://news.google.com/rss/articles/CBMipAFBVV95cUxNRUI0ZGJueGZWUGZOUTE5d2RCcm9YY01LZWdHUDNPYnM3dlJsUzRlMXhWZHFIOXd5ZHktR1drRGQ5UHZVdlVZUTJKMWV2OW1Xa0RzU0toUDlmWmY3UlEwX0Q1RC1HUFZ6TEl6ZmhBT1FZNlNETnU4cDNQUE1pSXJOd2tUT2tKVkJxM0NHWVpVTWV2WXlFSVQ1Zmp2UlNrcDNCd1ZzTQ?oc=5) · Times Herald
- 2014-09-22 [Thomas C. Shafer Named President of Talmer Bank and Trust and Chief Operating Officer of Talmer Bancorp, Inc. - PR Newswire](https://news.google.com/rss/articles/CBMi9AFBVV95cUxNaWtnb0JNeTk2c3lMdDc4RUtLUHc1UGZubGRxSjBTSE9IUGd2VFpPSHR2MEU0LUxhQ2FfVG5Qd2pTS2hrX1gtV1h5b1h1OFFNOWxmNTliRmFUZG95a1VkMHc4NUwxUEw3T0pIT2tuQ25waTlaVmZLUk5NNGZJRlMxRlUyMFhyOVFFVmpxcV9HVkJ0bmkxc1V5dVgwbXg5UEljbTBKWFVaaGpwVnJVZmpjWnpfME1iaG9qWTJWTVhlcEJ0T2lWQzA2TW00bXFuekVLUnVMZFBOSzBqNWM4ODFkUnQ2WVdnV0ZqanczTk80dzgzeUlQ?oc=5) · PR Newswire
- 2014-01-17 [Billionaire-backed company closes on purchase of Sunrise Bank - The Business Journals](https://news.google.com/rss/articles/CBMinwFBVV95cUxQUC15UXoyQmVoRFM5UVlrdlJuQ244SDJfZUJjLTBZUVlGXzM4M1NVaVJZZUlnQUlRVklPT0JHWnFaVjhFYVZJdHVTTl82NHoyRnpSZU53dnNfaDBLUjRDSndQODRLeTZKTWlPVkQwOFlJVjN0N0dVSVh1eVJ3cTY1NThIeWFyYzJRbGpOZS1xMUo2c0FwLXBSNlpnYWVLUVk?oc=5) · The Business Journals
- 2014-08-06 [Talmer Announces Strategic Acquisition Of First of Huron Corp. - PR Newswire](https://news.google.com/rss/articles/CBMiuAFBVV95cUxOVWJ3ZXNHTkRqd1I4aDA0SnhiME9TVVhwdXAxeWptNzlNZFJUTTRxMDRKYnFTWXF4aW5vZ3FGTDE0UVlJTmJXTThUMFJ1cFpJUUxFOFgxZGZWR0pvRUFqYXNJTDNhWDZHdzBwa2lQRm5QVlJCRzRLV1UySTh2VEg1bElXLTRabmlmaDNNQnc2SnhyVEJvalF4eW9OUHJtQ2NDNFVFYkc1ZFNBUnhobnZQbmFwUFA1NXhO?oc=5) · PR Newswire

## How to verify

- Page: https://getbookiq.com/bank-desk/#bank=33134 (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 "33134", 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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