# MONARCH BANK
CHESAPEAKE, VA · FDIC certificate 34945 · asset band $1-10B · latest filing 2016-03 · 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 | $1.21B | |
| Deposits | $1.06B | |
| Loans and leases | $1.04B | |
| Total equity | $130.0M | |
| Loans / deposits | 96.81% (p75 of band) | 86.87% |
| Liquid assets / assets | 9.38% (p5 of band) | |
| Uninsured deposits / deposits | 34.48% (p71 of band) | 25.28% |
| Brokered deposits | 17.43% | |
| Wholesale funding | 17.43% (p79 of band) | |
| FHLB advances / assets | 0.00% | |
| Tier 1 leverage | 11.26% (p77 of band) | 9.62% |
| Unrealized securities loss / equity | 0.08% (p13 of band) | 1.65% |
| AOCI / equity | 0.08% (p17 of band) | |
| ROA (annualized) | 1.39% (p88 of band) | 0.92% |
| Net interest margin | 4.18% (p90 of band) | 3.47% |
| Efficiency ratio | 79.56% (p88 of band) | |
| Noncurrent loans | 0.19% (p13 of band) | 0.66% |
| Net charge-offs (annualized) | 0.00% (p19 of band) | |
| Reserve coverage of noncurrent | 456.93% | |
| Real estate % of loans | 84% | |
| Construction % of loans | 160.92% (p100 of band) | |
| Auto loans | $1.0M (0.10% of loans; DQ 4.13%, NCO 0.00%) | |
| Loans to nondepository financials | $0 (0% of equity) (p37 of band) | |
| Deposits YoY | 2.6% | |
| Employees | 648 | |

## Flags firing in the latest filing

- **brokered >10%** (`liq_brokered`)
- **wholesale funding >15%** (`liq_wholesale`)
- **liquid assets <10%** (`liq_thin`)
- **construction >100% equity** (`conc_construction`)

## Warning timeline

| Quarter | Score | Flags that first fired | Flags that cleared |
|---|---|---|---|
| 2011-03 | 1 | construction >100% equity |  |
| 2011-06 | 2 | liquid assets <10% |  |
| 2011-09 | 3 | loans exceed deposits |  |
| 2011-12 | 6 | brokered >10%, wholesale funding >15%, capital falling |  |
| 2012-03 | 6 | uninsured deposits leaving | capital falling |
| 2012-06 | 6 |  |  |
| 2012-09 | 5 |  | uninsured deposits leaving |
| 2012-12 | 6 | capital falling |  |
| 2013-03 | 4 |  | loans exceed deposits, capital falling |
| 2013-06 | 2 |  | liquid assets <10%, wholesale funding >15% |
| 2013-09 | 2 | assets shrinking | brokered >10% |
| 2013-12 | 3 | brokered >10% |  |
| 2014-03 | 2 |  | assets shrinking |
| 2014-06 | 1 |  | brokered >10% |
| 2014-09 | 1 |  |  |
| 2014-12 | 3 | brokered >10%, liquid assets <10% |  |
| 2015-03 | 4 | wholesale funding >15%, capital falling | liquid assets <10% |
| 2015-06 | 5 | expense ratio p90 |  |
| 2015-09 | 3 |  | wholesale funding >15%, capital falling |
| 2015-12 | 5 | wholesale funding >15%, liquid assets <10% |  |
| 2016-03 | 4 |  | expense ratio p90 |

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

- 2020-10-25 [Former Heritage and Monarch bank leaders power through pandemic to start new Hampton Roads bank - The Virginian-Pilot](https://news.google.com/rss/articles/CBMi0AFBVV95cUxQQ0ZlV3RjNnNFU3RyRUlOLUItRFNQRFpYTXRLNGhXZWxfbW1fbG00VFJ1aTRVM3JURUZwZkJHMHg1d1hMT0YtYkZGNDVjZWZMS2cwRGZxM3ktRzZaaVlhSXF6MXpsRjhMenlMaE5VOVkyN0RPUnpHRkh5TTFiMnE1QVB0MGRsSlVzV1c1TEs4ZlVvYm9Md1g0OGNqWGphYTNTRWZ1aVRTaEZpMTdYWXdBVXZSUjVtekt2cWtKdGo0WU1CVjNQeWprREk0YU9TNFUy?oc=5) · The Virginian-Pilot
- 2015-12-17 [TowneBank, Monarch banks announce merger - 13newsnow.com](https://news.google.com/rss/articles/CBMilgFBVV95cUxNRzE2a0dXT0oyaFBoOGNIMTgzSHdvUmlKYUN1eERoOUs2ekhaNUpUVlhFd3J1Rm56U05RUDBhWjRqT2FDR2x0QkxxMmxibmdxdzlGTk5WYTJ4VldISnE1cEZ4X1paMmlqWF9UZ0pjVEV2SXFUbWZYbWVKX0szZWZsX1d5YkZzbXRZaDZGZmRVS1NPMGo1Y3c?oc=5) · 13newsnow.com
- 2026-05-04 [FVCbank Expands Into Hampton Roads with New Virginia Beach Loan Production Office - Business Wire](https://news.google.com/rss/articles/CBMi1AFBVV95cUxQMF92ZmdvNDdvM3l1SEdnZDViUkxTVlh4alkySkE0UFdfRVRkU3FtM0VDX1lLTGJzV2V0XzJPY3k4VWpaakNBSFJGc3lZVEdRdlJfVC1MRXlka1JQVzc3UHE3c2k5RXRrTk9WbTVIbm1DOTdqSHdPSk1aSXpKVV9ER1JqNlp1YVUtWVA5WEVubU9ic1J3TTlqYjRZcmo5YlI4U21iaGdWdmZ2Q1E2a2VZbmRabW9JLVN4NWVjZXc3Ums3ZkNULTk0WkJLQ1F5b3VkMThzYQ?oc=5) · Business Wire
- 2022-09-10 [Obituary information for Richard Edmund Narducci - HD Oliver Funeral Apartments](https://news.google.com/rss/articles/CBMifEFVX3lxTE1fWjFjZE9xRTk3eDBIUEphblZzdEdLQ0RvV0FjTDlTbjRjUTM4NW9UYlV1OW5weHpPeFZCeWZUNllzUjAxNWlGRG9ETXkxSkVpSzVrd05ZQ1Y1NHlPbHlpNEFobFBuWnd5UExLdEJxU096enlFMTRlalZxZFU?oc=5) · HD Oliver Funeral Apartments
- 2018-11-07 [CEO hired for Greensboro community bank startup - The Business Journals](https://news.google.com/rss/articles/CBMipAFBVV95cUxQcnRGSm9nLUp2MVBkMldHOW5VZWlIWDNqZHowdUowbFY3cHF5bHVhM0RJbnFHRVZnSUtCcHpqaWR4Yk5XVGhwYzRoUXljQkQwd2ZiYmw3WmFVM1BkdllQMF9BRUx3Q3UzNWhuLVpXeGYyMUp6RDBUaFJFUHc2Zmo5emlCVXBrbEpzdV81S2F5dzBUc0JPNS1ZX21ydm92SWlUa1MwZg?oc=5) · The Business Journals
- 2013-11-27 [UPDATE: Crime Line tips lead to arrest of Beach bank robbery suspect - 13newsnow.com](https://news.google.com/rss/articles/CBMivAFBVV95cUxQazFsUXozYmpJbEFqYnV0b0pCMFo1S3MxaUdZUVZkbFpxcmRTUE1WUzNVUEY0dzUtVU1Wa1l6N1ZFNy1UTVFFejk3Vlh5Qms5ZmFIckw5X0pua3c5OERNc0kzYm5iNU1zaWliUEVwcFl3cmNrQ2IyOG1SSlRyX0tLLWQ1dDBlU2JDTzM0Ujh5X012WGtCdkRHOGRhdzRhbW1xeXdVbmUtUThJZHpiWGctTVFuZHd3VG1GY2xxQQ?oc=5) · 13newsnow.com
- 2011-06-29 [Obituary information for William F. Rountree - HD Oliver Funeral Apartments](https://news.google.com/rss/articles/CBMidkFVX3lxTE1GZm9xM2hkek1YX3lhcGdtOWV0TDZRWkJ4OFBtbnVmWEtQSlgzQW9NcEcwdnhXNFd5ZkE4VVNzNUNCQlJyYzlmblJacW00Qm93b0l3QlhRWFE5eTZ6T2JOUlhSUmpRbG96QUlJMmptVUQ2WTU0Q1E?oc=5) · HD Oliver Funeral Apartments
- 2013-08-29 [Bank students donate check - The Suffolk News-Herald](https://news.google.com/rss/articles/CBMifEFVX3lxTE9LS3MzZUpULUxTNWExeGxScUxpVlNoN3A0MTB3R2ZkUXZmekozbnN3dllIREhJMG5NM3RCQ0N4N3g0YWpMbHFWdzZqZ0pjLXBvb1AtTFNHb3h4Y3h5bmJvZUFRcFAtWWM5bm9BS3NrM1R6Z1lWMlpadHk5cGs?oc=5) · The Suffolk News-Herald

## How to verify

- Page: https://getbookiq.com/bank-desk/#bank=34945 (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/1.json (key "34945", 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