# SELECT BANK
GRAND RAPIDS, MI · FDIC certificate 34127 · asset band <$300M · latest filing 2012-09 · stopped filing (departed)

**Verdict on the desk:** this could be *funding-stretched*. 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 | $58.4M | |
| Deposits | $49.6M | |
| Loans and leases | $46.2M | |
| Total equity | $8.7M | |
| Loans / deposits | 91.14% (p88 of band) | 69.20% |
| Liquid assets / assets | 10.34% (p3 of band) | |
| Uninsured deposits / deposits | 1.62% (p8 of band) | 8.50% |
| Brokered deposits | 0.00% | |
| Wholesale funding | 0.00% (p18 of band) | |
| FHLB advances / assets | 0.00% | |
| Tier 1 leverage | 13.91% (p85 of band) | 10.13% |
| Unrealized securities loss / equity | 0.37% (p16 of band) | 3.81% |
| AOCI / equity | -0.49% (p8 of band) | |
| ROA (annualized) | 0.68% (p43 of band) | 0.80% |
| Net interest margin | 5.66% (p98 of band) | 3.77% |
| Efficiency ratio | 79.16% (p64 of band) | |
| Noncurrent loans | 3.10% (p76 of band) | 1.27% |
| Net charge-offs (annualized) | 0.58% (p87 of band) | |
| Reserve coverage of noncurrent | 72.20% | |
| Real estate % of loans | 85% | |
| Construction % of loans | 21.02% (p58 of band) | |
| Auto loans | $39,000 (0.08% of loans; DQ 0.00%, NCO 0.00%) | |
| Loans to nondepository financials | $0 (0% of equity) (p48 of band) | |
| Deposits YoY | -27.4% | |
| Employees | 9 | |

## Flags firing in the latest filing

- **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%, charge-offs p90, reserve under noncurrent |  |
| 2011-06 | 4 |  |  |
| 2011-09 | 2 |  | brokered >10%, wholesale funding >15% |
| 2011-12 | 2 |  |  |
| 2012-03 | 3 | deposits shrinking, assets shrinking | charge-offs p90 |
| 2012-06 | 4 | liquid assets <10% |  |
| 2012-09 | 3 |  | liquid assets <10% |

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

- 2026-09-03 [Interest rates for bank accounts are rising — here’s how you can take advantage - CNBC](https://news.google.com/rss/articles/CBMimwFBVV95cUxPcG9Qa0VmRGRSblVOcVFVbTU0RjJCM0t0dkZCUmdXNGt1ckxGZmhoQnI0enhoSjZwZFRzaHppdmNQU25yUmVBYkItdEZrUUxWTkM0VWZPVUVHTXlzMlN3aHhFOWdNMC1aT2g5WWxmXy1iY2dZUEdCZE9uMEsxbTk3bDdZdWNtOEI5N0FXc25ZdE9zQ0pFQ1dMUkFwa9IBoAFBVV95cUxPYVJwcHI3Tmg3WVl2c2MxWUxlRTRucnlDd2FQTnVmenc2OUhfX2taYlFDY0Jxdm5MU0tmTlU1ZEdFMVpXaUtsNHN0OFNvRW1YTmJ5X1VVTXZOMjlaVk9ub0EtWjNEcVdpRFdiQkw1Q2pjOFVpT1gwTVFEdF9iekJxM2MxUHRJVnBpaEhWYUFKUm05VWV3cWJ3b3ZqY1dZdlVW?oc=5) · CNBC
- 2026-01-06 [Redmi Note 15 & Redmi Pad 2 Pro Launched in India: Price, Features, & More - Fossbytes](https://news.google.com/rss/articles/CBMilAFBVV95cUxOc2wzNlltMkNtcFhXT3hSQjVRMWJIdWZEOEkzQ2hMOENDckxZTFRQWVVTSFEzUWg0V1dLX2RQUDBJdGFRdWRuTG1VWHloVnUtQ3RKalJpT3JTenMzd21Ndlg0aE8zeF9oZGVSRjh2a1ZzNHJOWUl3ZTFvUFI2dmlLaFJmV3ZJM21LbndXYzc0UzFkRF9P?oc=5) · Fossbytes
- 2022-09-02 [Bank of America launches zero down mortgages in select cities. One is in Michigan. - MLive.com](https://news.google.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?oc=5) · MLive.com
- 2017-06-16 [First Community Bank targets small business community - Crain's Grand Rapids](https://news.google.com/rss/articles/CBMimAFBVV95cUxNUEdvbEdGMTI5dHZfYmJTZHR4Uks2OTFuS0VkVmxmc2Z6WUwyYXR3ZGhKWk1XLVlxWG83NjVNV2RTa3FXa1BFZEhteWstSktId3lvUXJ4VklwbkJLai02azNhaEtGa3dkVF9GVnJMRTNNcElvOHhGNEdHNnNxcjVURm13MEJaTEtQdTVJMHFyMmtVcHpMTTV4QQ?oc=5) · Crain's Grand Rapids
- 2021-11-30 [Former Jaguar Mark Brunell filing for Chapter 11 bankruptcy - The Florida Times-Union](https://news.google.com/rss/articles/CBMiwwFBVV95cUxQX1NnaVMtNTdOamZubHh4cU9PMXgwS3hWbkZPOFN3RHM5N2hyWHc4X0lLTjdhNHlua1dmNWFNbWptR0xseTUzRWNZU2FkYjdaNjdiaFZQbnY0dkV1MFhBT0dqcUU0Y0JiZFZFbEVwSjJhYktGUzU2WmNMYXh2NDVZelNoVzdYSk5oZ29sZmcwMmsyYWlDd043d1hkS1paYTVLT1c2bExzenI3Ul95OXdLaTZhU3k2WVJnVWF6M1c2RU5tQzA?oc=5) · The Florida Times-Union
- 2026-07-27 [Amazon Great Freedom Sale Starts August 7: Early Prime Access, Top Bank Offers and Deals Teased - Gadgets 360](https://news.google.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?oc=5) · Gadgets 360
- 2022-06-01 [If your local bank branch has closed for good, you're not alone — here's what you can do - CNBC](https://news.google.com/rss/articles/CBMihgFBVV95cUxOZTJuTW1ESlJULUp4Y0twaEkyNXo0T1JTNGZsSmJHUTZCbXBFd3hDeTZxVEVDX3ZQUWdXSXhnd1R0eFAxeE1xc1hVTG92TnpRTEpfM3cxeXdQVGo4UDVEcW9keWFKd1ZzLUdtbnRwXzhjMFQ3MC1kWnUtR00wTG50bU1fNXVxZ9IBiwFBVV95cUxOblJ0NUlqSG5OSUlqV3RUOVo0YVh5NkhKc2lkY3RIVG1ZU2U2X0k4azhyWGw4cDJEREZBZnFaa0NSWFluZTN5NWUxNml0RGFySkwyUWdGNTY3QnFrVm1VRlowOGsyOWtzTFVudmZac1F3S1JyRjljUVhjU0pNMDZGYnJSNHB3WTVmeUo0?oc=5) · CNBC
- 2016-05-19 [Isabella Bank promotes Ross and welcomes Brick - Midland Daily News](https://news.google.com/rss/articles/CBMipAFBVV95cUxNdkJ1YUxCaVMxZGlCTWxrS0pmelRNTlhSVS1HejhwcHJBckg2Qy1SWUtNUUlCbkMxWXBFZmc2SEpFQjFnWGtxbmYtU1RUZGE2dXh0MzB6SFBCRVEteGZ3Qm9SMHlUUTREY3gtdUZKMGRtU3F0YW1NM21BaDZEUk9nLWFEY1NTb2dOdHhWZmxVYUpFWjFUbHVUYkp5QjcxUnRuY0JIWQ?oc=5) · Midland Daily News

## How to verify

- Page: https://getbookiq.com/bank-desk/#bank=34127 (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/15.json (key "34127", 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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Rendered 2026-09-10 from the desks' own data files. Full guide: https://getbookiq.com/guide