# WACCAMAW BANK
WHITEVILLE, NC · FDIC certificate 34515 · asset band $300M-1B · latest filing 2012-03 · FAILED

**Verdict on the desk:** this could be *run candidate*. Composite score 16 (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 | $533.1M | |
| Deposits | $472.7M | |
| Loans and leases | $327.8M | |
| Total equity | $3.2M | |
| Loans / deposits | 66.44% (p30 of band) | 74.71% |
| Liquid assets / assets | 30.89% (p50 of band) | |
| Uninsured deposits / deposits | 5.38% (p16 of band) | 12.43% |
| Brokered deposits | 11.54% | |
| Wholesale funding | 21.30% (p92 of band) | |
| FHLB advances / assets | 6.57% | |
| Tier 1 leverage | 0.85% (p1 of band) | 9.54% |
| Unrealized securities loss / equity | -74.67% (p0 of band) | 3.32% |
| AOCI / equity | -1.67% (p4 of band) | |
| ROA (annualized) | -2.54% (p1 of band) | 0.80% |
| Net interest margin | 2.44% (p5 of band) | 3.67% |
| Efficiency ratio | 120.35% (p99 of band) | |
| Noncurrent loans | 12.58% (p98 of band) | 1.96% |
| Net charge-offs (annualized) | 2.04% (p97 of band) | |
| Reserve coverage of noncurrent | 33.25% | |
| Real estate % of loans | 92% | |
| Construction % of loans | 1617.30% (p100 of band) | |
| Auto loans | $853,000 (0.26% of loans; DQ 6.21%, NCO 0.00%) | |
| Loans to nondepository financials | $0 (0% of equity) (p46 of band) | |
| Deposits YoY | -4.3% | |
| Employees | 124 | |

## Flags firing in the latest filing

- **brokered >10%** (`liq_brokered`)
- **wholesale funding >15%** (`liq_wholesale`)
- **leverage <7%** (`cap_low`)
- **leverage <5%** (`cap_critical`)
- **capital falling** (`cap_falling`)
- **securities losses >30% of equity** (`cap_secloss`)
- **losing money** (`earn_negative`)
- **expense ratio p90** (`earn_efficiency`)
- **NIM <2.5%** (`earn_nim`)
- **noncurrent p90** (`aq_noncurrent`)
- **charge-offs p90** (`aq_nco`)
- **reserve under noncurrent** (`aq_reserve`)
- **construction >100% equity** (`conc_construction`)
- **assets shrinking** (`shrink_assets`)
- **uninsured deposits leaving** (`flight_uninsured`)

## Warning timeline

| Quarter | Score | Flags that first fired | Flags that cleared |
|---|---|---|---|
| 2011-03 | 7 | brokered >10%, wholesale funding >15%, leverage <7%, noncurrent p90, charge-offs p90, reserve under noncurrent, construction >100% equity |  |
| 2011-06 | 9 | leverage <5%, losing money | charge-offs p90 |
| 2011-09 | 12 | capital falling, expense ratio p90, charge-offs p90 |  |
| 2011-12 | 13 | securities losses >30% of equity |  |
| 2012-03 | 16 | NIM <2.5%, assets shrinking, uninsured deposits leaving |  |

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

- 2014-12-15 [First Community Bank Sells Branches In Region - wilmingtonbiz.com](https://news.google.com/rss/articles/CBMisgFBVV95cUxPVVlWeFdZcnFRcGtjaFRtVmI0djFHRnZseGRCZHptWkdjVWpsSWkxc3dzWFlyUFFhZ1F6dVB1WGpXX2diQjc2d3JlMm1oOTAyWHlycTRpX2dBWWc1M3BMNFptNHFkaGowaUZhZnJiX09wZ2dxR095ZnJWdkFielZmXzdXcC0xbXZvcXdJb1JRU2JfY05ZQ1MtTURKUmQ4UktaSzVWdkN4QS1jSmxrN1dwTjhB?oc=5) · wilmingtonbiz.com
- 2012-06-08 [Waccamaw Bank changes ownership - WECT](https://news.google.com/rss/articles/CBMie0FVX3lxTFBudGE3UlpicjZXNFZxTkgyOWUwYzhrUTh1c2hyaThRRjZKNHlzcy1tWnk2ZzU1eGVlX0JORjJrbGdGNmV0amVGanloRTBfcnA4VEdRYkVycFJLVXBqdzZVMDBYTGljMXlvRTNSSUJCWWx0ZG1WcjdBTHNsNNIBjgFBVV95cUxNM2ZXTHFMX2NQZXZVQ3IyT0Z5aDAwblQ2Rk4wZVdGU3JUcndjNzBVSG9NVUV1MzNCbVFEVTQzc1l0YzloYndwalR3Q2JXVTFXdWdDTkRJaXBUa1paV1A2RGhWVU9jM3l4bjdjeEFfdnR0ckxkQTdtTlhsa2RwbW8yOWxnZ2NURjFNZVVya3dB?oc=5) · WECT
- 2010-05-13 [Waccamaw Bank reports first-quarter profit - Wilmington Star-News](https://news.google.com/rss/articles/CBMirAFBVV95cUxQeWlobUdzSnhXQ2hFSmsxcVR1aHV2dk96RUU5WExxX1dIYjFCbXllVTRlcnV1dl9SeXloWGJ5c241ZE5QT0xKT0QybDc4TDNac010NHlFR1B4d2tKeXg4UHpxcVdZV0FkTlhaWEd1Z1R0MER1Tmdxbzl2Z2FWb3VTN0xleFg2X1lJUnROVnpRWG5YMWh4dXZwWGhydVpkWDNLbXN4ZzE2OXl4dFFI?oc=5) · Wilmington Star-News
- 2011-12-07 [Waccamaw Bankshares Under Increased Scrutiny - wilmingtonbiz.com](https://news.google.com/rss/articles/CBMirwFBVV95cUxOT1VnTDRNV0J1cElDN1ppRWZ6SmdSU2g4UXBqVzRwZlVOSXY2c0pJRFVBWUU1Z1JNazhnLXQ4UmtEU1FjNklLVnZVYmxVSnlaSGVJWjhfRGJ4a1pzUFVZTUVXcnlXaFdSUURZQkx2N1VORFNNdUI3WUstUGZtTHVnQXpkcWNSRDgzV2xXVkRVcG5FN1Q5QVVKRk9nQXJRLWJ5RDVmVmhWelFMc25CRlNJ?oc=5) · wilmingtonbiz.com
- 2010-02-02 [Waccamaw Bank hires new Horry County executive - Wilmington Star-News](https://news.google.com/rss/articles/CBMisgFBVV95cUxNaHZWdmpUS0ZWMXRtRDRhVUljMERvNDJGS2YyUVR4MnJib3lfbWFyYTkxRTdMdTBOVUs0ZUo1ZElkT2JKNnBlZzd3NE83R1NhVzMydWkwaTFZYzJFWDhJVlJHUEFuMnE4QngzUXNLOFNsSTdlOGV1S2hOY1RYMkNwNXV3SWRnaS15MVNoTHlmMzVJSjNNWWJwd0lsWmxBcHhtcEc1S0JxOTlTTEI1QmwtdW5n?oc=5) · Wilmington Star-News
- 2018-05-06 [Joyce Cooke Obituary - Cary, NC - Dignity Memorial](https://news.google.com/rss/articles/CBMiekFVX3lxTE16T2xRX1UwR1ZSV05EU1hVQ01hUEM4Rl9PWVpVWll4Z2pMZDd0bWYzcm9mRVlmcWF6aWNYSlpxZXBfNm9nU1BqVVA2X3dJRDdJdFo2TVVHTjVyZW5STzhEUFRXbWcyOW1XYzFManZzX2FTV0E5WFR0R0ZR?oc=5) · Dignity Memorial
- 2023-07-28 [Carl Edward Ray Obituary (2023) - Whiteville, NC - McKenzie Mortuary - Legacy obituary](https://news.google.com/rss/articles/CBMie0FVX3lxTFBOMU1pbTd0d1NXNEt4ZDBUR29iTEJCSkdEWW5pYlpPT3NNb0tnUkJ0RTh2WW5FQmUxdTdSbTZsUnp4cEgyWG9TUDIySTE3NXNzeHk4WlZoeGVXcHNUb2tnRGw0elFraTF1b25sa29oTzNvc0pYZG5Lb3hZUQ?oc=5) · Legacy obituary
- 2016-04-18 [CresCom Wilmington Office Opens - wilmingtonbiz.com](https://news.google.com/rss/articles/CBMimgFBVV95cUxNbDV3eDc4WGxaU284M3U3bEQzUzVmek5WVkNld0MwdWdwVmdadno2WGt6ZUpoRUlXeFlPdmZLLTJjZUdrU19LamlVT2ZfMGVtTzhvajM5QlZiVlBUMlVyWG1ZNU1SZnpVVjVrcU0yc3NDWEtBZ05HRWZrLXpxaUxLSEc5a04tdEZ1dldKdlFGdHhHcXZub3N0X3JB?oc=5) · wilmingtonbiz.com

## How to verify

- Page: https://getbookiq.com/bank-desk/#bank=34515 (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/19.json (key "34515", 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