# SIMPLICITY BANK
COVINA, CA · FDIC certificate 35448 · asset band $300M-1B · latest filing 2014-12 · 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 | $863.2M | |
| Deposits | $660.9M | |
| Loans and leases | $686.9M | |
| Total equity | $129.9M | |
| Loans / deposits | 103.33% (p91 of band) | 80.75% |
| Liquid assets / assets | 16.98% (p23 of band) | |
| Uninsured deposits / deposits | 7.78% (p9 of band) | 19.51% |
| Brokered deposits | 0.00% | |
| Wholesale funding | 7.98% (p60 of band) | |
| FHLB advances / assets | 7.53% | |
| Tier 1 leverage | 14.77% (p94 of band) | 10.04% |
| Unrealized securities loss / equity | -0.05% (p23 of band) | 1.00% |
| AOCI / equity | 0.38% (p27 of band) | |
| ROA (annualized) | 0.66% (p30 of band) | 0.89% |
| Net interest margin | 3.14% (p20 of band) | 3.63% |
| Efficiency ratio | 73.75% (p64 of band) | |
| Noncurrent loans | 1.14% (p60 of band) | 0.89% |
| Net charge-offs (annualized) | 0.00% (p13 of band) | |
| Reserve coverage of noncurrent | 50.04% | |
| Real estate % of loans | 91% | |
| Construction % of loans | 0.00% (p1 of band) | |
| Auto loans | $48.3M (7.03% of loans; DQ 0.64%, NCO 0.01%) | |
| Loans to nondepository financials | $0 (0% of equity) (p44 of band) | |
| Deposits YoY | 3.5% | |
| Employees | 118 | |

## Flags firing in the latest filing

- **loans exceed deposits** (`liq_ltd`)
- **reserve under noncurrent** (`aq_reserve`)

## Warning timeline

| Quarter | Score | Flags that first fired | Flags that cleared |
|---|---|---|---|
| 2011-03 | 2 | loans exceed deposits, reserve under noncurrent |  |
| 2011-06 | 2 |  |  |
| 2011-09 | 2 |  |  |
| 2011-12 | 2 | capital falling | loans exceed deposits |
| 2012-03 | 2 | loans exceed deposits | capital falling |
| 2012-06 | 2 |  |  |
| 2012-09 | 2 |  |  |
| 2012-12 | 2 |  |  |
| 2013-03 | 3 | assets shrinking |  |
| 2013-06 | 4 | deposits shrinking |  |
| 2013-09 | 5 | uninsured deposits leaving |  |
| 2013-12 | 5 | capital falling | assets shrinking |
| 2014-03 | 4 |  | capital falling |
| 2014-06 | 3 |  | deposits shrinking |
| 2014-09 | 2 |  | uninsured deposits leaving |
| 2014-12 | 2 |  |  |

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

- nothing found for that search

## How to verify

- Page: https://getbookiq.com/bank-desk/#bank=35448 (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/56.json (key "35448", 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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