# BANK OF ALPENA
ALPENA, MI · FDIC certificate 57029 · asset band <$300M · latest filing 2014-06 · stopped filing (departed)

**Verdict on the desk:** this could be *credit-stressed*. Composite score 5 (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 | $69.0M | |
| Deposits | $61.7M | |
| Loans and leases | $34.7M | |
| Total equity | $7.1M | |
| Loans / deposits | 55.23% (p26 of band) | 70.22% |
| Liquid assets / assets | 45.70% (p70 of band) | |
| Uninsured deposits / deposits | 21.45% (p81 of band) | 12.36% |
| Brokered deposits | 0.00% | |
| Wholesale funding | 0.00% (p18 of band) | |
| FHLB advances / assets | 0.00% | |
| Tier 1 leverage | 10.28% (p48 of band) | 10.41% |
| Unrealized securities loss / equity | -0.32% (p30 of band) | 0.24% |
| AOCI / equity | 2.30% (p62 of band) | |
| ROA (annualized) | 0.46% (p28 of band) | 0.79% |
| Net interest margin | 3.74% (p57 of band) | 3.62% |
| Efficiency ratio | 83.01% (p71 of band) | |
| Noncurrent loans | 4.98% (p93 of band) | 0.88% |
| Net charge-offs (annualized) | 0.38% (p91 of band) | |
| Reserve coverage of noncurrent | 38.52% | |
| Real estate % of loans | 83% | |
| Construction % of loans | 22.44% (p60 of band) | |
| Auto loans | $157,000 (0.45% of loans; DQ 29.94%, NCO 0.00%) | |
| Loans to nondepository financials | $0 (0% of equity) (p48 of band) | |
| Deposits YoY | -6.3% | |
| Employees | 20 | |

## Flags firing in the latest filing

- **noncurrent p90** (`aq_noncurrent`)
- **charge-offs p90** (`aq_nco`)
- **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 | 2 | losing money, reserve under noncurrent |  |
| 2011-06 | 1 |  | losing money |
| 2011-09 | 1 |  |  |
| 2011-12 | 1 |  |  |
| 2012-03 | 1 |  |  |
| 2012-06 | 1 |  |  |
| 2012-09 | 2 | expense ratio p90 |  |
| 2012-12 | 2 |  |  |
| 2013-03 | 2 | noncurrent p90 | expense ratio p90 |
| 2013-06 | 2 |  |  |
| 2013-09 | 2 |  |  |
| 2013-12 | 4 | deposits shrinking, assets shrinking |  |
| 2014-03 | 2 |  | deposits shrinking, assets shrinking |
| 2014-06 | 5 | charge-offs p90, deposits shrinking, assets shrinking |  |

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

- 2017-03-11 [Obituary information for Richard "Rick" Bowen - Bannan Funeral Home](https://news.google.com/rss/articles/CBMigwFBVV95cUxNcC0yR3h0UmlhOGdHYU42TWNCYk9VeFJjQVNJZ0JuQ1Y5VjlBNmtqQk1VZWdmVGUybFNEUHJVcmRNaDlVYTh6cGM1bXhZV2NlaV9WR0xWR2VsRVRKTmtNVVBYaGh1bzQ2R2pISGR2a0Zfb2hvVlRwd0RjU28yOWdmSjdLRQ?oc=5) · Bannan Funeral Home
- 2023-06-12 [Fitzpatricks honored as 2023 ACC Fellows of the College - - thealpenanews.com](https://news.google.com/rss/articles/CBMioAFBVV95cUxORjBnbWJESXJXM3dNdW9fbGFidU1OMGJSc2hhVGduRmJvS19hSE1sWFFhUG9XelRvU1A3TVk4Q1VaMWFMY3IyZlNTRklSU3QxRDlWNEdaN3pMSkhxU3NKRkU3d2hsajdLSnZkdDlfODNkSGNKTFEzWWIzVHFIN01HdjJUZ1NTV3lRbTN1eFhWLU5Jdlg2YkNvY1lmdFNUeXBo?oc=5) · thealpenanews.com
- 2015-07-30 [Obituary information for Bruce DeVere "Red" Crittenden - Bannan Funeral Home](https://news.google.com/rss/articles/CBMijwFBVV95cUxNMWsxQ29zLWRhbE94WWE5NDJUS3JQTmRUWmxaQ0tLanBPdy1DcWg5Rzh6bDl1NllSNGtVUkliam5XLVRudTVFT0hISzg0WnA0SUZsbkV3bkdBOUMxbklQNHplSGsyUVBUSjNoZEJKc0V3UGZobkh2SDVOREpZQVlRQ1VBTUN6dEZaSU9iSGdXaw?oc=5) · Bannan Funeral Home

## How to verify

- Page: https://getbookiq.com/bank-desk/#bank=57029 (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/5.json (key "57029", 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