# SOUTHERN COMMUNITY B&T
WINSTON SALEM, NC · FDIC certificate 34321 · asset band $1-10B · latest filing 2012-09 · stopped filing (departed)

**Verdict on the desk:** this could be *credit-stressed*. Composite score 5 (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 | $1.39B | |
| Deposits | $1.09B | |
| Loans and leases | $858.3M | |
| Total equity | $149.7M | |
| Loans / deposits | 76.76% (p47 of band) | 78.16% |
| Liquid assets / assets | 31.72% (p61 of band) | |
| Uninsured deposits / deposits | 8.74% (p22 of band) | 17.84% |
| Brokered deposits | 5.85% | |
| Wholesale funding | 15.57% (p78 of band) | |
| FHLB advances / assets | 5.15% | |
| Tier 1 leverage | 10.78% (p72 of band) | 9.63% |
| Unrealized securities loss / equity | -1.26% (p4 of band) | 4.44% |
| AOCI / equity | -1.69% (p2 of band) | |
| ROA (annualized) | 1.23% (p72 of band) | 0.92% |
| Net interest margin | 3.37% (p35 of band) | 3.65% |
| Efficiency ratio | 79.81% (p85 of band) | |
| Noncurrent loans | 7.94% (p93 of band) | 1.75% |
| Net charge-offs (annualized) | 1.11% (p89 of band) | |
| Reserve coverage of noncurrent | 28.04% | |
| Real estate % of loans | 85% | |
| Construction % of loans | 69.72% (p86 of band) | |
| Auto loans | $2.7M (0.31% of loans; DQ 0.22%, NCO 0.00%) | |
| Loans to nondepository financials | $0 (0% of equity) (p39 of band) | |
| Deposits YoY | -11.5% | |
| Employees | 277 | |

## Flags firing in the latest filing

- **wholesale funding >15%** (`liq_wholesale`)
- **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 | 3 | brokered >10%, wholesale funding >15%, reserve under noncurrent |  |
| 2011-06 | 3 |  |  |
| 2011-09 | 3 |  |  |
| 2011-12 | 2 |  | brokered >10% |
| 2012-03 | 4 | deposits shrinking, assets shrinking |  |
| 2012-06 | 4 |  |  |
| 2012-09 | 5 | noncurrent p90 |  |

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

- nothing found for that search

## How to verify

- Page: https://getbookiq.com/bank-desk/#bank=34321 (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/17.json (key "34321", 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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