# MAGNA BANK
MEMPHIS, TN · FDIC certificate 34937 · asset band $300M-1B · latest filing 2015-06 · stopped filing (departed)

**Verdict on the desk:** this could be *funding-stretched*. 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 | $587.9M | |
| Deposits | $447.7M | |
| Loans and leases | $480.4M | |
| Total equity | $70.5M | |
| Loans / deposits | 106.26% (p93 of band) | 82.05% |
| Liquid assets / assets | 13.17% (p13 of band) | |
| Uninsured deposits / deposits | 13.05% (p24 of band) | 19.19% |
| Brokered deposits | 10.53% | |
| Wholesale funding | 21.16% (p92 of band) | |
| FHLB advances / assets | 10.63% | |
| Tier 1 leverage | 12.03% (p80 of band) | 10.09% |
| Unrealized securities loss / equity | 0.20% (p44 of band) | 0.40% |
| AOCI / equity | -0.33% (p48 of band) | |
| ROA (annualized) | 0.89% (p48 of band) | 0.91% |
| Net interest margin | 3.49% (p44 of band) | 3.56% |
| Efficiency ratio | 77.33% (p72 of band) | |
| Noncurrent loans | 0.62% (p41 of band) | 0.80% |
| Net charge-offs (annualized) | 0.03% (p52 of band) | |
| Reserve coverage of noncurrent | 157.10% | |
| Real estate % of loans | 80% | |
| Construction % of loans | 129.15% (p95 of band) | |
| Auto loans | $70,000 (0.01% of loans; DQ 0.00%, NCO 0.00%) | |
| Loans to nondepository financials | $8.6M (12% of equity) (p96 of band) | |
| Deposits YoY | 6.6% | |
| Employees | 150 | |

## Flags firing in the latest filing

- **loans exceed deposits** (`liq_ltd`)
- **brokered >10%** (`liq_brokered`)
- **wholesale funding >15%** (`liq_wholesale`)
- **construction >100% equity** (`conc_construction`)

## Warning timeline

| Quarter | Score | Flags that first fired | Flags that cleared |
|---|---|---|---|
| 2011-03 | 3 | loans exceed deposits, wholesale funding >15%, reserve under noncurrent |  |
| 2011-06 | 2 |  | wholesale funding >15% |
| 2011-09 | 1 |  | loans exceed deposits |
| 2011-12 | 1 | loans exceed deposits | reserve under noncurrent |
| 2012-03 | 1 |  |  |
| 2012-06 | 1 |  |  |
| 2012-09 | 3 | capital falling, reserve under noncurrent |  |
| 2012-12 | 4 | wholesale funding >15% |  |
| 2013-03 | 2 |  | capital falling, wholesale funding >15% |
| 2013-06 | 2 |  |  |
| 2013-09 | 4 | wholesale funding >15%, capital falling |  |
| 2013-12 | 3 |  | reserve under noncurrent |
| 2014-03 | 3 |  |  |
| 2014-06 | 2 |  | capital falling |
| 2014-09 | 4 | brokered >10%, reserve under noncurrent |  |
| 2014-12 | 3 |  | reserve under noncurrent |
| 2015-03 | 4 | construction >100% equity |  |
| 2015-06 | 4 |  |  |

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

- 2015-11-16 [Magna Bank Takes Pinnacle Name - Pinnacle Financial Partners](https://news.google.com/rss/articles/CBMidkFVX3lxTFBaMHAybUVyR1BQUEZTUW1oSFhzU0tIQlk3ZEhlY3RYLTJTRU5Pa2o2VHJBaC1RVS11TnptdlB3Q3RoV0VJd0hfWW9UR0tSU1pkOUFHa1RpVnZ1SElMZ0RpSXItUVZ1d1VRa0pYT0c2eUtzZ25Tbmc?oc=5) · Pinnacle Financial Partners
- 2016-08-19 [Pinnacle replaces First Tennessee as the Grizzlies' official bank - The Commercial Appeal](https://news.google.com/rss/articles/CBMi1wFBVV95cUxPMXV4Nm9FMnludWg2MUFWaHhJVzA0V0N2c0piLWJlc3Jwc1lxTW0zT0VFNHNNa3l4S2hPNGF6UTRiMm9CNHBnUzVQX1dvaXcxYnVEZENGbmJfRjZaVUYzMGZKbUd0eEZlOS1vZElLc0ROMEZrZUxGMnl3QTRCU0JlanZjN0FXVUpWVXAxTXBtUWdYTjRmWkw4Z1Z2SHppZDFFanhFeW94QWtYMm1aT0dUWnV3Tkw5SGp3eG13LUl3T1NHclpNanFHNXUzdmRDay1CVHE2QXdvWQ?oc=5) · The Commercial Appeal
- 2015-09-01 [Pinnacle Closes Merger with Magna Bank - Pinnacle Financial Partners](https://news.google.com/rss/articles/CBMigAFBVV95cUxQNTg1REpVanl0bnl0ZVhjaFBhcnNhc0xGcDY4ZHV4MnNBM0t0TEdra21RTlAzRDNmNUludzcwNmZYYkl4a3dOblBfT3k3MllHLTRtX1JnNmh3TklZQjk5b3F5Q2ZMMUlpRVFEZW94eGx0UDlLZ1YtZlVXRklaYU85Yg?oc=5) · Pinnacle Financial Partners
- 2017-04-11 [First TN vs Pinnacle: the latest from the legal documents - The Business Journals](https://news.google.com/rss/articles/CBMipgFBVV95cUxPWVJrMTdGRzF4ZUhZenVVNVFXZXQxZWxzbnozQmZNdnBHSUJ5ajE2dmdmNzR0NVgtNFRpaFBtT2xOYzVGdTZ5cDhRclh2dlNmaEltRU1SSm01bkJvSExYZlZNdmQwQ1locU1qY2RZSmM0Z21FZUZkMU9xUEp5STNMZXlPYWtNYVk1dDRWd0t6dVI2c05GOFBYcUtCWEtoNVd4RzVHa1pR?oc=5) · The Business Journals
- 2017-09-27 [Pinnacle, First Tennessee resolve litigation related to accused hiring practices - The Tennessean](https://news.google.com/rss/articles/CBMi0wFBVV95cUxQWUpTNHBoZm0yUWVFbXZ6NU9WM2NLMUs3Vk5mNVFCOS1iQzhBUHBESmVNa1B1SXJGMTRCSndNX0J6dXBGQ3JsdmdVcElobW9JZDZYQXZZWjRRc0hEU2hHNmx3N0pZSzRFNEs5TFQzREVWSFdfaHdHRC1fRmhJRm1rM0FVQ0dueUw4UXRDeFl0RU5wSjRQNzlJTnNRdkhUWUNKOXZmaWdZRzl2OGFUaWdXTnZWWExkR2RlREtaTlZadkx3Rk1uejRaUjRHXzRrc3BkME5V?oc=5) · The Tennessean
- 2020-01-07 [Pinnacle bank names Phillip May president of its Memphis region - The Commercial Appeal](https://news.google.com/rss/articles/CBMitwFBVV95cUxPU3VsNVhJeDVBR2VHTTB2YlAyeWxpZWhxZWVCSXNCdkJTbDlmZ2hHdVJMMU5KaFdOYWU5bVpSNG1MYzNaOVBuZkNzcENIT0FjSFVDQVVNamJxU0stVHZybWl4akZsaEs5Wmw2THRscjV6SmR4OUFHWm1Hb0c4VFJ4SjNMZWVxRkd6WlFvV0MtYUR2UmY0Q0VJQ3FtMEotYy1rb3U2cTNhQXMzZ1RPakpjdHgxdEFPRms?oc=5) · The Commercial Appeal
- 2017-09-27 [Case closed: CEO expresses 'regret' in First TN v. Pinnacle - The Business Journals](https://news.google.com/rss/articles/CBMipgFBVV95cUxPS2NTSnRZVU14a1NiNHN4R1E3ZTFtR0V0NnBvMlR0cXdhUWZoSG9fX1JqTmxIZEJBQlpJcHh1TDQ2RmRTMHRoOFR0aDNPWF9qTnVvMkNWelI4aWZUVV9oWEdZbGJzTHlkQlZiOVJlNmJwbWNRa3lyNDdmYlc4QWRFS2o0MmpzMGxma1huZ1FDTHFjTmJwOG9XQ1hWZGlsdzBYQXJxTHFR?oc=5) · The Business Journals
- 2018-03-21 [Pinnacle Financial's Memphis expansion continues into Whitehaven, Raleigh neighborhoods - The Commercial Appeal](https://news.google.com/rss/articles/CBMi5wFBVV95cUxNcXZtenBLVzRZV3BxcEIwYi12bTA3Um0yMzl4bnVHelRBbFlMNHcyNnhmUm5oSEFTb1dsV3lMWEVKb053S2dPT3ZLYXZpSWZSVlItUFZ6LV9yVEs3eEl6SmdCZ1dvdlMxRW5FeW5jNWdWZF93aFZ1QXRjVXRuVjJVNVhfS29zbVR1UFJfYjBoNU5YaWZGOEluU3lTb0xhU09DOUxrMGxzeVJtU2dnR1pmMUhST205Z1hVZHdfUHNzcUl6S0k1N0tKMVBwQWxZMnU3MkR1SVlXeE1kblk5OFA0OUhzZ1F2U0U?oc=5) · The Commercial Appeal

## How to verify

- Page: https://getbookiq.com/bank-desk/#bank=34937 (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/57.json (key "34937", 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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