# FIRST IC BANK
DORAVILLE, GA · FDIC certificate 34998 · asset band $1-10B · latest filing 2025-09 · stopped filing (departed)

**Verdict on the desk:** this could be *funding-stretched*. Composite score 2 (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 | $1.24B | |
| Deposits | $917.8M | |
| Loans and leases | $1.05B | |
| Total equity | $149.2M | |
| Loans / deposits | 113.05% (p96 of band) | 86.09% |
| Liquid assets / assets | 13.75% (p18 of band) | |
| Uninsured deposits / deposits | 40.86% (p76 of band) | 30.69% |
| Brokered deposits | 2.41% | |
| Wholesale funding | 14.88% (p79 of band) | |
| FHLB advances / assets | 12.47% | |
| Tier 1 leverage | 12.61% (p83 of band) | 10.36% |
| Unrealized securities loss / equity | -1.89% (p81 of band) | -8.45% |
| AOCI / equity | 0.71% (p21 of band) | |
| ROA (annualized) | 1.68% (p82 of band) | 1.10% |
| Net interest margin | 4.33% (p85 of band) | 3.55% |
| Efficiency ratio | 48.32% (p16 of band) | |
| Noncurrent loans | 0.66% (p62 of band) | 0.48% |
| Net charge-offs (annualized) | 0.10% (p75 of band) | |
| Reserve coverage of noncurrent | 179.95% | |
| Real estate % of loans | 98% | |
| Construction % of loans | 0.89% (p6 of band) | |
| Auto loans | $0 (0.00% of loans; DQ –, NCO 0.00%) | |
| Loans to nondepository financials | $0 (0% of equity) (p36 of band) | |
| Deposits YoY | -7.7% | |
| Employees | 103 | |

## Flags firing in the latest filing

- **loans exceed deposits** (`liq_ltd`)
- **deposits shrinking** (`shrink_deposits`)

## Warning timeline

| Quarter | Score | Flags that first fired | Flags that cleared |
|---|---|---|---|
| 2011-03 | 1 | reserve under noncurrent |  |
| 2011-06 | 1 |  |  |
| 2011-09 | 3 | noncurrent p90, charge-offs p90 |  |
| 2011-12 | 3 |  |  |
| 2012-03 | 4 | capital falling |  |
| 2012-06 | 3 | uninsured deposits leaving | noncurrent p90, capital falling |
| 2012-09 | 4 | noncurrent p90 |  |
| 2012-12 | 4 | capital falling | uninsured deposits leaving |
| 2013-03 | 3 |  | capital falling |
| 2013-06 | 3 |  |  |
| 2013-09 | 2 |  | noncurrent p90 |
| 2013-12 | 2 | capital falling | reserve under noncurrent |
| 2014-03 | 2 | reserve under noncurrent | capital falling |
| 2014-06 | 4 | deposits shrinking, assets shrinking, uninsured deposits leaving | reserve under noncurrent |
| 2014-09 | 1 |  | deposits shrinking, assets shrinking, uninsured deposits leaving |
| 2014-12 | 1 | capital falling | charge-offs p90 |
| 2015-03 | 1 | deposits shrinking | capital falling |
| 2015-06 | 0 |  | deposits shrinking |
| 2015-09 | 0 |  |  |
| 2015-12 | 3 | deposits shrinking, assets shrinking, uninsured deposits leaving |  |
| 2016-03 | 1 |  | deposits shrinking, assets shrinking |
| 2016-06 | 0 |  | uninsured deposits leaving |
| 2016-09 | 2 | capital falling, uninsured deposits leaving |  |
| 2016-12 | 0 |  | capital falling, uninsured deposits leaving |
| 2017-03 | 0 |  |  |
| 2017-06 | 1 | loans exceed deposits |  |
| 2017-09 | 0 |  | loans exceed deposits |
| 2017-12 | 0 |  |  |
| 2018-03 | 1 | loans exceed deposits |  |
| 2018-06 | 0 |  | loans exceed deposits |
| 2018-09 | 2 | charge-offs p90, reserve under noncurrent |  |
| 2018-12 | 2 | capital falling | reserve under noncurrent |
| 2019-03 | 2 | loans exceed deposits | charge-offs p90 |
| 2019-06 | 1 |  | loans exceed deposits |
| 2019-09 | 1 |  |  |
| 2019-12 | 1 | reserve under noncurrent | capital falling |
| 2020-03 | 2 | noncurrent p90 |  |
| 2020-06 | 1 |  | noncurrent p90 |
| 2020-09 | 1 |  |  |
| 2020-12 | 0 |  | reserve under noncurrent |
| 2021-03 | 1 | capital falling |  |
| 2021-06 | 1 |  |  |
| 2021-09 | 0 |  | capital falling |
| 2021-12 | 0 |  |  |
| 2022-03 | 0 |  |  |
| 2022-06 | 0 |  |  |
| 2022-09 | 0 |  |  |
| 2022-12 | 0 |  |  |
| 2023-03 | 0 |  |  |
| 2023-06 | 0 |  |  |
| 2023-09 | 0 |  |  |
| 2023-12 | 0 |  |  |
| 2024-03 | 0 |  |  |
| 2024-06 | 1 | loans exceed deposits |  |
| 2024-09 | 0 |  | loans exceed deposits |
| 2024-12 | 1 | loans exceed deposits |  |
| 2025-03 | 1 |  |  |
| 2025-06 | 2 | capital falling |  |
| 2025-09 | 2 | deposits shrinking | capital falling |

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

- 2025-12-02 [MetroCity Bankshares, Inc. Completes Acquisition of First IC Corporation - PR Newswire](https://news.google.com/rss/articles/CBMixAFBVV95cUxPeEpOaTV0U0VGel9BX3M4OVp3MG1GdVBLelhJZ1ZuclV0d1B5Rm5iWmF0SUI1ZV92ZG1JbnVRdWttbkZQdDhVMG5zR0RoWlNZbWpSRWM0Z20wby04dWN2cGtnMGNkQjdlSFdDT1NfbnNZV1lXdlI2TDhPZkZlbTM2VDVvQXlNaWpaaF9nMm82R01IOUk4eHdfY2hPU20zZTRySktoMEdybFhrTHNsQTk4RGZITzgwLTNyM1R5dko4LUFGaG9l?oc=5) · PR Newswire
- 2025-11-14 [Georgia banks set December acquisition date - American Banker](https://news.google.com/rss/articles/CBMihgFBVV95cUxNZzUzbDk4YnlGNFJKdEstRThOSk9sMXhfMk1kOG9McVVRbE05UlVTWkhQZzJjMDdLdTZ6Q252ZWM0VHJsVUtTZ1hFVjNwYlMxcTZWSE5xSkt4cmNfOUNzRjE4ZFFCNEcyY2tLQzFiYXpXa2VwNV9TbVdJcHVsN0ZySU5naHE1QQ?oc=5) · American Banker
- 2025-11-14 [MetroCity Bankshares, Inc. and First IC Corporation Announce Expected Closing Date - PR Newswire](https://news.google.com/rss/articles/CBMi0gFBVV95cUxObzNSSTNGS0NlUlN3Q1NJZFE3S1RTUTluR0hDa0tkcmp1TllldFJJcV85VUFNTDZnQmxtOVlMbXZIWFBZbG5GRnloZ1JTMXpEMzFJaF81cTc5OEhzLUh6TERnUVRMVzJrblN1RG0xdFNqRFZUb0dNNm1neXluQko0em9DUFdOc0FnVzJ4VC1sQ01laEE2aUJsd2JibTJjaFFQeGI5cG9WSG9sVWtlLS1qU1VYSzRmUVNfSHRpYVVyeGVzS3pGRzEwN18zRThsY2FneUE?oc=5) · PR Newswire
- 2025-11-25 [Doraville-based Metro City Bank and First IC Bank set to complete merger - The Business Journals](https://news.google.com/rss/articles/CBMimwFBVV95cUxOZDlKN0FkUmZwMlNIMVp3OEtFQmd3VzNXTUk0bTluZFFnajNWMFZWRjE3cDlwWVF1SmhpTWZab2tBZ2hkMURYekl4MmVzNF83UFF4V1dWY25fckpvX3FwdkxpTm9nUHo3SVhidTNIcDk5V2oyODdnVlhmUkJiQlpMcjNOX0tSTnhyZTlmUzlCdjgyU3BEbjdnY2U5TQ?oc=5) · The Business Journals
- 2025-12-04 [Georgia’s Metro City Bank to Focus on Two LA Branches as Merger Closes - The Korea Daily](https://news.google.com/rss/articles/CBMiakFVX3lxTE9lV3RRTHVQR0prNWZFZUxZMjBTR3p3alJRVElBMW5TU1pjUFFvLUM5OW1iaXR0MWlUYktFMVphWGxpLTJBVzVlYjUtbFhKN0l1aVZNa3Iwc2J2VC1udldfZHlMaklUYTU3R2c?oc=5) · The Korea Daily
- 2025-03-19 [Atlanta-area banks to combine in $206M deal - Banking Dive](https://news.google.com/rss/articles/CBMisgFBVV95cUxNWG5pVktmaGJ5SkdkX3FQWjRreHdXM3Z1XzJIemkxOFVSODZINTJDOFV6T2pHSHREZjZ3blZzNGRmVFg4Q2cyUW9mbzF1cVVsR0dFRFpQd0xsSkQ4S1FjbmZxSTZkTmZscWVNSjF5eDlLVThYT0pvN2Q4RGE5V3ZZY3U4WWxiQlF0SGl6ZlBKTXlZYlFkekpTSDJfbFBnaGdMX0tNY2VIek9paWplMXhualNB?oc=5) · Banking Dive
- 2025-07-18 [Doraville-based bank gets approval for $206 million merger - Atlanta Business Chronicle - The Business Journals](https://news.google.com/rss/articles/CBMinwFBVV95cUxNdE4tMjkwS3B4NWJlQ2N0WExWY04yM0pnLVlKODlRV0tLR3Y3ZEJTdkJzMlRDbFlwY3g1VFducFlKWmQ4UHdVWWdabHJELXB6SjFzcGkyNlAxa0RjS3pmYkZJblVqdFBkRXRFdThaUXlXbldfV1QteXBtZ3ROaG5qLWdkMzlnQlNxSTJWNkZscmZhT0phRnJzb0ZXbTl1MjA?oc=5) · The Business Journals
- 2025-03-17 [MetroCity Bankshares and First IC Corporation Announce Strategic Combination - PR Newswire](https://news.google.com/rss/articles/CBMizAFBVV95cUxQNk9oSzhUb3Q5SFVEVnhvOFhrV2RmRnBYU2dyYUFtTE1mbTNGa2dhQVhsa0JmNDY1WnhPejM1OC1rcFFGYVN5S05qZWR4d2szQzJrcHVITU42ZjNSZFhMNlc1ME1YTDFUY2xXdkR5aG8xbG1rYURxZkd5akRsa3NMcVZNYzFvUEpiLVhTbWhrcEp2ekxxRXNTRnl0em1VazNyNjFQcG45LXZwWG9ST01WdnNpOG45TnFsWi1NSHZJNkpTaEo3X1J5Tnc3cy0?oc=5) · PR Newswire

## How to verify

- Page: https://getbookiq.com/bank-desk/#bank=34998 (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/54.json (key "34998", 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