# NBRS FINANCIAL
RISING SUN, MD · FDIC certificate 4862 · asset band <$300M · latest filing 2014-09 · FAILED

**Verdict on the desk:** this could be *credit-stressed*. Composite score 12 (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 | $155.4M | |
| Deposits | $151.6M | |
| Loans and leases | $103.7M | |
| Total equity | $1.7M | |
| Loans / deposits | 62.51% (p35 of band) | 71.36% |
| Liquid assets / assets | 32.56% (p47 of band) | |
| Uninsured deposits / deposits | 5.53% (p16 of band) | 12.72% |
| Brokered deposits | 0.00% | |
| Wholesale funding | 0.00% (p17 of band) | |
| FHLB advances / assets | 0.00% | |
| Tier 1 leverage | 1.18% (p0 of band) | 10.52% |
| Unrealized securities loss / equity | -23.58% (p1 of band) | 0.17% |
| AOCI / equity | 20.14% (p99 of band) | |
| ROA (annualized) | -3.48% (p1 of band) | 0.81% |
| Net interest margin | 3.41% (p36 of band) | 3.65% |
| Efficiency ratio | 113.16% (p96 of band) | |
| Noncurrent loans | 9.62% (p99 of band) | 0.86% |
| Net charge-offs (annualized) | -0.04% (p9 of band) | |
| Reserve coverage of noncurrent | 90.11% | |
| Real estate % of loans | 76% | |
| Construction % of loans | 164.84% (p99 of band) | |
| Auto loans | $173,000 (0.17% of loans; DQ 0.00%, NCO 0.00%) | |
| Loans to nondepository financials | $0 (0% of equity) (p48 of band) | |
| Deposits YoY | -22.9% | |
| Employees | 46 | |

## Flags firing in the latest filing

- **leverage <7%** (`cap_low`)
- **leverage <5%** (`cap_critical`)
- **capital falling** (`cap_falling`)
- **losing money** (`earn_negative`)
- **expense ratio p90** (`earn_efficiency`)
- **noncurrent p90** (`aq_noncurrent`)
- **reserve under noncurrent** (`aq_reserve`)
- **construction >100% equity** (`conc_construction`)
- **deposits shrinking** (`shrink_deposits`)
- **assets shrinking** (`shrink_assets`)
- **uninsured deposits leaving** (`flight_uninsured`)

## Warning timeline

| Quarter | Score | Flags that first fired | Flags that cleared |
|---|---|---|---|
| 2011-03 | 4 | leverage <7%, noncurrent p90, reserve under noncurrent, construction >100% equity |  |
| 2011-06 | 2 |  | noncurrent p90, construction >100% equity |
| 2011-09 | 4 | losing money, noncurrent p90 |  |
| 2011-12 | 5 | construction >100% equity |  |
| 2012-03 | 11 | capital falling, expense ratio p90, charge-offs p90, deposits shrinking, assets shrinking, uninsured deposits leaving |  |
| 2012-06 | 10 |  | construction >100% equity |
| 2012-09 | 9 |  | uninsured deposits leaving |
| 2012-12 | 11 | leverage <5% |  |
| 2013-03 | 7 |  | losing money, noncurrent p90, capital falling, expense ratio p90 |
| 2013-06 | 8 | losing money |  |
| 2013-09 | 10 | capital falling, expense ratio p90 |  |
| 2013-12 | 9 |  | deposits shrinking |
| 2014-03 | 6 |  | charge-offs p90, losing money, capital falling |
| 2014-06 | 11 | losing money, noncurrent p90, charge-offs p90, construction >100% equity, deposits shrinking |  |
| 2014-09 | 12 | capital falling, uninsured deposits leaving | charge-offs p90 |

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

- 2018-08-17 [Former president and CEO of failed bank NBRS Financial banned from banking - HousingWire](https://news.google.com/rss/articles/CBMiugFBVV95cUxQNmFCNUhGRVQwNlZlX1JsNGRXVDVlazhVSnRxZ05SQXFMWDVHYUtKUnIwOTFtX3JyUUYzMS1LeXZXY2U4dkU2cV9BM0NjZEhZZndzQVlXMFVWQVZYRmFRbDB6VHdUR3FSMzM2SVRCXzlKVEZ3UkZKUE1jY09YT2NXZmliX1I5ZmNFdVJCeVoycjFBWEN2cWhXZFRUN3dYeTlPbDBxVFA4ZTZzZ1hBX0FXVVJ1Zlh3QnNja1E?oc=5) · HousingWire
- 2018-08-21 [Former NBRS president banned from banking - cecildaily.com](https://news.google.com/rss/articles/CBMixgFBVV95cUxNQWg4R3Q5cF9wbEFQeUFSemZUR1BaVG9iZ3NxZFB0V3JWSDlEUGpWWmhtZHRXSXZjUDJEeE9LbnRHb0xaR2kyRDlMaTcxazQyQzZoTEZST0lDdEhLd0hweklhMF9ORWdILVVzSnZIRmZNRTBiTkRxdlFIeGkzQUk4TWYzNFp2UmlRQ2VlNDQ0VTRPbEloNnhYR0RXMWhCaE1xZjZfOFBydlc5bG5wVXFuMVJWNTZGMkFxTnVGU3l5c3RFUEhzeWc?oc=5) · cecildaily.com
- 2014-10-20 [When regulators came to close NBRS, few surprised - Maryland Daily Record](https://news.google.com/rss/articles/CBMikAFBVV95cUxOaS1mdVB6OEU1NHVxRVg1akl3eXE4LVZlVG8xU0pJWURMSEwtM0FJek90M1FKaC1yM2ZKb3NCbzhub3M1Zm9pUElhbXljbEw5bFZSOElxeUFXN3Noc2lHTWZQOVFnN1BRQkk5V014MGJMZEI0WC1neE4zdGZBaFhjbmVHSEhkN3RMazZvY1JUQmU?oc=5) · Maryland Daily Record
- 2016-04-11 [Calling Out Boss Hogg (Gwen Moritz Editor’s Note) - Arkansas Business](https://news.google.com/rss/articles/CBMikgFBVV95cUxPZzlHSFhaaHhNendYOGFjUElJc1NfNTRVYm5xV1BLZ1FSSHBUaGRfS0hDTUZJMDlSZklEUFFtX280QXY1M2x5RW5KSENPbGpSaTY3czRfSmxSRk4zZ0xmNXJIUnVFY0piZjRWY1hPT0NtbGZ3YjRMaGV3Y0xiNmFWWW9BNTlDWGxtdFFXQzdCd2JYQQ?oc=5) · Arkansas Business
- 2015-05-30 [Soured loans deepen Elkton-based Cecil Bank troubles - Baltimore Sun](https://news.google.com/rss/articles/CBMimAFBVV95cUxNZkUxZ1ZYVjZwMEVkLXJDd0lGblcySzktYlVjd0ZPLTN6Z2JjT2c4aHRucmozeXFxNU8wQmFza1g4YmZZR0V1cXRuVW1YRnVOcU94T1R4RlFuTW1YYi1TZ2I3ZGUtY0FNSkRRUmoyTFNfRERqQXhpbDdzM3lsZ3FPMnc0OEs3Q2N3MXplamYtWjlBbUZLZk5nWA?oc=5) · Baltimore Sun
- 2014-06-14 [The 'big' bank: How NBRS became a county landmark - cecildaily.com](https://news.google.com/rss/articles/CBMizgFBVV95cUxNTWhZSG9aZWswdWJyMEo5bTJfSG9DcFllSlF2alRmSHUxb3VtRU5zOG1kemNMcEFVZmNSeUhzUTVDUTBicWVZcXdrdWItOTZBNi1LWW9DbG9naHhFTmU4MkZkRHRTWFpzN3lzTzJVQXVPRHAxdmV5ZzBuVG5WZXBHOXJHQk5NT2NLeFNGaG4wTGp1ZmwwZ0JaWksydkZLYU9ERXNrNDFxb0xETkNQbUR2SWdJd0twbmJLQlZ4ekZpVnNoNTlmeUJOZE1GenhoUQ?oc=5) · cecildaily.com
- 2013-11-01 [Cal Ripken Jr. Speaks About Mother's Abduction, Attempted Carjacking - CBS News](https://news.google.com/rss/articles/CBMiygFBVV95cUxNOVE0bzJ3WC1ZNTRyd0x3UnJnSGIySUVmc0J4ZGtxQWxkX0ZYWllyT2t4WHRCb0UzWTgyeHg1Rmsta1gtbW5DVkY1MGdIX2hCZ2k2RDZrMENnZmZKN0FlTWdFNzhEd2NSTnhkaE5OMHlYajNoT3d5WDZzRWFIaUJGVHo0ZVU2TTVvcVpDSDM2M1FHRzQ4bDZzRDdOTnJuTkVOdEJvcDczbzlObm5pdUhSbXJjU2VqaUFOYnVJUlQtU3ljYmZTNkRIR1ln?oc=5) · CBS News
- 2018-04-24 [Mary Ann Scully - Maryland Daily Record](https://news.google.com/rss/articles/CBMieEFVX3lxTE9lYWJWSjg0MDZZNndCemdpMDUyQkdGWkVEeldMSEgzMFdMdVBjbUI1cE5adnFYU2VZNDdhU1gwTGMzekRXNVBjSlBNUEoyTjNhbmJxZzNueFh6RFFVTXdPNnRJbTl3ZThMTE9HYVlBXzdJeWNJWTRpNA?oc=5) · Maryland Daily Record

## How to verify

- Page: https://getbookiq.com/bank-desk/#bank=4862 (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/62.json (key "4862", 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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