# FIRST NB OF SHELBY
SHELBY, NC · FDIC certificate 4910 · asset band $300M-1B · latest filing 2013-06 · stopped filing (departed)

**Verdict on the desk:** this could be *credit-stressed*. Composite score 6 (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 | $694.4M | |
| Deposits | $597.6M | |
| Loans and leases | $440.7M | |
| Total equity | $83.6M | |
| Loans / deposits | 71.41% (p38 of band) | 76.35% |
| Liquid assets / assets | 31.36% (p56 of band) | |
| Uninsured deposits / deposits | 16.33% (p48 of band) | 16.95% |
| Brokered deposits | 5.33% | |
| Wholesale funding | 7.06% (p59 of band) | |
| FHLB advances / assets | 0.00% | |
| Tier 1 leverage | 11.25% (p75 of band) | 9.87% |
| Unrealized securities loss / equity | -10.62% (p5 of band) | -0.27% |
| AOCI / equity | -5.62% (p25 of band) | |
| ROA (annualized) | -1.92% (p1 of band) | 0.82% |
| Net interest margin | 2.95% (p17 of band) | 3.54% |
| Efficiency ratio | 160.62% (p100 of band) | |
| Noncurrent loans | 9.71% (p98 of band) | 1.37% |
| Net charge-offs (annualized) | 0.14% (p61 of band) | |
| Reserve coverage of noncurrent | 32.56% | |
| Real estate % of loans | 88% | |
| Construction % of loans | 36.53% (p57 of band) | |
| Auto loans | $2.2M (0.51% of loans; DQ 2.74%, NCO 0.00%) | |
| Loans to nondepository financials | $0 (0% of equity) (p45 of band) | |
| Deposits YoY | -8.6% | |
| Employees | 177 | |

## Flags firing in the latest filing

- **losing money** (`earn_negative`)
- **expense ratio p90** (`earn_efficiency`)
- **noncurrent p90** (`aq_noncurrent`)
- **reserve under noncurrent** (`aq_reserve`)
- **deposits shrinking** (`shrink_deposits`)
- **assets shrinking** (`shrink_assets`)

## Warning timeline

| Quarter | Score | Flags that first fired | Flags that cleared |
|---|---|---|---|
| 2011-03 | 5 | wholesale funding >15%, losing money, noncurrent p90, charge-offs p90, reserve under noncurrent |  |
| 2011-06 | 3 |  | losing money, charge-offs p90 |
| 2011-09 | 3 |  |  |
| 2011-12 | 3 |  |  |
| 2012-03 | 5 | deposits shrinking, assets shrinking |  |
| 2012-06 | 5 |  |  |
| 2012-09 | 5 | charge-offs p90 | assets shrinking |
| 2012-12 | 5 | losing money | deposits shrinking |
| 2013-03 | 7 | capital falling, expense ratio p90, deposits shrinking, assets shrinking | wholesale funding >15%, charge-offs p90 |
| 2013-06 | 6 |  | capital falling |

## 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=4910 (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/46.json (key "4910", 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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