# FLAGLER BANK
WEST PALM BEACH, FL · FDIC certificate 35218 · asset band $300M-1B · latest filing 2023-09 · stopped filing (departed)

**Verdict on the desk:** this could be *funding-stretched*. Composite score 3 (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 | $513.7M | |
| Deposits | $381.3M | |
| Loans and leases | $390.2M | |
| Total equity | $44.5M | |
| Loans / deposits | 101.30% (p90 of band) | 79.68% |
| Liquid assets / assets | 20.97% (p35 of band) | |
| Uninsured deposits / deposits | 37.74% (p86 of band) | 24.93% |
| Brokered deposits | 7.98% | |
| Wholesale funding | 24.82% (p95 of band) | |
| FHLB advances / assets | 16.84% | |
| Tier 1 leverage | 11.07% (p65 of band) | 10.32% |
| Unrealized securities loss / equity | -24.38% (p54 of band) | -27.41% |
| AOCI / equity | -0.58% (p69 of band) | |
| ROA (annualized) | 1.19% (p60 of band) | 1.05% |
| Net interest margin | 2.64% (p12 of band) | 3.46% |
| Efficiency ratio | 52.72% (p19 of band) | |
| Noncurrent loans | 0.00% (p5 of band) | 0.25% |
| Net charge-offs (annualized) | -0.01% (p11 of band) | |
| Reserve coverage of noncurrent | – | |
| Real estate % of loans | 89% | |
| Construction % of loans | 122.21% (p84 of band) | |
| Auto loans | $14,000 (0.00% of loans; DQ 0.00%, NCO 0.00%) | |
| Loans to nondepository financials | $0 (0% of equity) (p45 of band) | |
| Deposits YoY | -4.5% | |
| Employees | 42 | |

## Flags firing in the latest filing

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

## Warning timeline

| Quarter | Score | Flags that first fired | Flags that cleared |
|---|---|---|---|
| 2011-03 | 5 | leverage <7%, losing money, expense ratio p90, noncurrent p90, reserve under noncurrent |  |
| 2011-06 | 6 | charge-offs p90 |  |
| 2011-09 | 6 |  |  |
| 2011-12 | 6 |  |  |
| 2012-03 | 5 | deposits shrinking, assets shrinking | leverage <7%, losing money, expense ratio p90 |
| 2012-06 | 3 | uninsured deposits leaving | charge-offs p90, deposits shrinking, assets shrinking |
| 2012-09 | 4 | charge-offs p90 |  |
| 2012-12 | 4 | capital falling | uninsured deposits leaving |
| 2013-03 | 3 |  | charge-offs p90 |
| 2013-06 | 3 |  |  |
| 2013-09 | 2 |  | capital falling |
| 2013-12 | 2 |  |  |
| 2014-03 | 2 |  |  |
| 2014-06 | 2 |  |  |
| 2014-09 | 0 |  | noncurrent p90, reserve under noncurrent |
| 2014-12 | 0 |  |  |
| 2015-03 | 0 |  |  |
| 2015-06 | 1 | capital falling |  |
| 2015-09 | 1 |  |  |
| 2015-12 | 1 |  |  |
| 2016-03 | 0 |  | capital falling |
| 2016-06 | 0 |  |  |
| 2016-09 | 0 |  |  |
| 2016-12 | 1 | uninsured deposits leaving |  |
| 2017-03 | 0 |  | uninsured deposits leaving |
| 2017-06 | 0 |  |  |
| 2017-09 | 1 | reserve under noncurrent |  |
| 2017-12 | 3 | wholesale funding >15%, deposits shrinking |  |
| 2018-03 | 3 | brokered >10% | deposits shrinking |
| 2018-06 | 3 |  |  |
| 2018-09 | 4 | capital falling |  |
| 2018-12 | 3 |  | reserve under noncurrent |
| 2019-03 | 3 |  |  |
| 2019-06 | 2 |  | capital falling |
| 2019-09 | 1 |  | brokered >10% |
| 2019-12 | 1 |  |  |
| 2020-03 | 1 |  |  |
| 2020-06 | 0 |  | wholesale funding >15% |
| 2020-09 | 2 | loans exceed deposits, wholesale funding >15% |  |
| 2020-12 | 0 |  | loans exceed deposits, wholesale funding >15% |
| 2021-03 | 0 |  |  |
| 2021-06 | 1 | capital falling |  |
| 2021-09 | 0 |  | capital falling |
| 2021-12 | 0 |  |  |
| 2022-03 | 0 |  |  |
| 2022-06 | 0 |  |  |
| 2022-09 | 2 | AOCI drag >20% of equity, construction >100% equity |  |
| 2022-12 | 4 | charge-offs p90, deposits shrinking |  |
| 2023-03 | 1 |  | AOCI drag >20% of equity, construction >100% equity, charge-offs p90 |
| 2023-06 | 3 | wholesale funding >15%, capital falling, construction >100% equity | deposits shrinking |
| 2023-09 | 3 | loans exceed deposits | capital falling |

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

- 2022-12-15 [Michigan credit union to acquire Florida bank in year’s 13th such tie-up - Banking Dive](https://news.google.com/rss/articles/CBMitgFBVV95cUxPcXRvbDRWSUhmU1pnLUUybk9ZWk5YYU8zWlBMOVVCYXRqQzVjZk1Rb2drUmtDMFZfdEFEckdmVThlWU1XaEt6SVJKS0wtV2pOcWRsZTA4TmpLZlpVUTFncVBydWpPRmFsYWIwYmtBVWxCUENwek1XX3F6alRpX1JldGwwRlQ4UjB0QmZTV1ZycDdCa3h0RXdnMXBHbmdiTkw2Rzh0X1BkOXVQU3dkSWV2enRISE4tdw?oc=5) · Banking Dive
- 2022-12-14 [Snowbird strategy: Michigan credit union buying Florida bank - American Banker](https://news.google.com/rss/articles/CBMirAFBVV95cUxOT3dia3ZHazhhWTZuU2pKZmR6UnVxQTRxRVJhSEJ3eW1LR25NXzM1Sl8xZ05EQVlVbkxVRmhwTDgxTXZ0YUpCX3p0NERzLTVBRnZLSmZvblhQMzBNMVdXcTYwdWNKOXFYN0FrZi1yVlFYRUhNYl8wdE1WR2h2anBRNzZJcmxKRExUQnhqOFd3Zkg4dDIxWG5BQUhiRkU4OWZRN2VGT0oyRHQwbHFG?oc=5) · American Banker
- 2025-07-01 [Partnership in Paradise - Florida Atlantic University](https://news.google.com/rss/articles/CBMiggFBVV95cUxNeXNFUDhyYUpmYXAzdFJrZDNzcWpIaFlUYy02OUtTcW5QTVpydHUyLTh3dGhaMndIZ1FYQkZ5ZGtCTUNxbFBQdVN6RVkyc1JQVEUzYmRFMGRpWmtOa3pjZzZnenNkUkY0Uk9GZVhQUlVob0tORkVlSHlzdkRaZU41UWtB?oc=5) · Florida Atlantic University
- 2025-06-23 [Why Dort Financial CU Chose A Bank Over A Credit Union To Grow Its Footprint - cutoday.info](https://news.google.com/rss/articles/CBMiswFBVV95cUxNUm50bjVOd3hwdEJ6T1hoa2NZcDBoSnhUQVFMTFBkWExVX0lCN0J2aG5YRnd2azZoM2s3UXVkNUE5dmpsM1E2RC1RQmI0VnZiV0NYN1p1bTV1N0FGZU1PTWVxdEJudzRwTXl1cEdhS3A0OHpoWjhiQUZCMjJpTi0tMWYtOXVuRjdWNWpIREZMSnVILWM3SDYxeFNqbkJyNXpBczhvczBicXBLWFpPYmJ0UFNCNA?oc=5) · cutoday.info
- 2023-06-19 [Banking & Finance Tracker: Local TD leader on South Florida growth, expansion; Credit union to acquire Flagler Bank - The Business Journals](https://news.google.com/rss/articles/CBMimgFBVV95cUxQRkpyOVdQU0RYV2pYSFRYb0pCbjM3UmpvWmFFd2tIZm5YcGRMM0J3ck5pUF8tSG1kNHM4R1J0LWZkZjVhQ3JoRW9kVkNZeC15WS1hNDVaR2JkUnRjWUk5SEdabTJKc0F5VTcwVHA2enhNaFowc010MUh2a19aVncyZmktUWtSZ0pYRDFucHQ4TFZIaVB5UEU4cTF3?oc=5) · The Business Journals
- 2021-12-01 [Man gets away after Flagler bank robbery - The Florida Times-Union](https://news.google.com/rss/articles/CBMirwFBVV95cUxQSDhtWHRhaldkOGVIN2FJUS10ZllqNkZQNmN2TnRqVEctQ0JWdlJXUC1tQncwZlpjU3U5dHRQeEtSaTNWNE1xcEFNenV1TmtXZWpjVTlyMS01WDh4ZDhTRGxuaThoUTE2a09nYVd1U2hOck44RmoyUndscjlIRTA0LTdLX3hxTGgxckl0cE1WLTlKNTZlbWs0SFhlRlJTMDd1ZlN3d2ZXSmdTOHQwRWV3?oc=5) · The Florida Times-Union
- 2024-12-17 [FAU Stadium is Now Flagler Credit Union Stadium - Florida Atlantic University](https://news.google.com/rss/articles/CBMickFVX3lxTE9Gc2RNSXpfNURxeXNzZThsWjk1WXg2SVlZTXBfQ0xaU25nTWNlMTdpSURoZWZRamtDV2V5OFNCVGpmdTNheWtfWS1qOGIwMFZfMkw5U2tIeDB4OVFRSGJ2WDZTa3NSZHJnUmlfZWlfMzFRQQ?oc=5) · Florida Atlantic University
- 2023-12-20 [FDIC approves local community bank acquisition by Michigan credit union - The Business Journals](https://news.google.com/rss/articles/CBMirAFBVV95cUxQX3doRk1uNXVvSjZOQlRYY3NqUmoxRTdDNGNnMTk0bzZMRjJyaFlvcDYzcE1xUHRYQ2lSaTFqb0NpUFBheGxpaTQyZXZBOUNQX1VaaTc0SE5KQzVXX0ZJSG1jNTF3RDVCcnpxWFNqQklNWkxtZEpuSmJFQkFwSF9CcmVkdUtZR3BWX3hXWlpuZWhJY0hXX2JMODJaNmxQM3FQUEpXekJDcldYb296?oc=5) · The Business Journals

## How to verify

- Page: https://getbookiq.com/bank-desk/#bank=35218 (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/18.json (key "35218", 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