# DOGWOOD STATE BANK
RALEIGH, NC · FDIC certificate 57095 · asset band $1-10B · latest filing 2025-12 · 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 | $2.37B | |
| Deposits | $1.96B | |
| Loans and leases | $2.00B | |
| Total equity | $255.5M | |
| Loans / deposits | 100.71% (p87 of band) | 86.41% |
| Liquid assets / assets | 10.50% (p6 of band) | |
| Uninsured deposits / deposits | 34.14% (p58 of band) | 31.00% |
| Brokered deposits | 10.05% | |
| Wholesale funding | 15.80% (p81 of band) | |
| FHLB advances / assets | 5.28% | |
| Tier 1 leverage | 10.07% (p42 of band) | 10.37% |
| Unrealized securities loss / equity | -3.98% (p67 of band) | -7.29% |
| AOCI / equity | 0.86% (p20 of band) | |
| ROA (annualized) | 0.93% (p32 of band) | 1.12% |
| Net interest margin | 4.21% (p81 of band) | 3.59% |
| Efficiency ratio | 64.94% (p64 of band) | |
| Noncurrent loans | 1.00% (p76 of band) | 0.50% |
| Net charge-offs (annualized) | 0.27% (p87 of band) | |
| Reserve coverage of noncurrent | 106.71% | |
| Real estate % of loans | 77% | |
| Construction % of loans | 80.08% (p77 of band) | |
| Auto loans | $1.1M (0.06% of loans; DQ 2.35%, NCO 0.00%) | |
| Loans to nondepository financials | $0 (0% of equity) (p36 of band) | |
| Deposits YoY | 8.4% | |
| Employees | 246 | |

## Flags firing in the latest filing

- **loans exceed deposits** (`liq_ltd`)
- **brokered >10%** (`liq_brokered`)
- **wholesale funding >15%** (`liq_wholesale`)

## Warning timeline

| Quarter | Score | Flags that first fired | Flags that cleared |
|---|---|---|---|
| 2011-03 | 4 | brokered >10%, wholesale funding >15%, charge-offs p90, construction >100% equity |  |
| 2011-06 | 3 |  | charge-offs p90 |
| 2011-09 | 3 | charge-offs p90 | brokered >10% |
| 2011-12 | 2 |  | charge-offs p90 |
| 2012-03 | 5 | deposits shrinking, assets shrinking, uninsured deposits leaving |  |
| 2012-06 | 3 | charge-offs p90 | deposits shrinking, assets shrinking, uninsured deposits leaving |
| 2012-09 | 1 |  | wholesale funding >15%, charge-offs p90 |
| 2012-12 | 2 | charge-offs p90 |  |
| 2013-03 | 1 |  | charge-offs p90 |
| 2013-06 | 1 |  |  |
| 2013-09 | 2 | capital falling |  |
| 2013-12 | 3 | wholesale funding >15% |  |
| 2014-03 | 2 |  | wholesale funding >15% |
| 2014-06 | 1 |  | capital falling |
| 2014-09 | 1 |  |  |
| 2014-12 | 1 |  |  |
| 2015-03 | 1 |  |  |
| 2015-06 | 2 | capital falling |  |
| 2015-09 | 3 | reserve under noncurrent |  |
| 2015-12 | 2 |  | capital falling |
| 2016-03 | 1 |  | reserve under noncurrent |
| 2016-06 | 2 | capital falling |  |
| 2016-09 | 2 |  |  |
| 2016-12 | 1 |  | capital falling |
| 2017-03 | 1 |  |  |
| 2017-06 | 1 |  |  |
| 2017-09 | 2 | NIM <2.5%, reserve under noncurrent | construction >100% equity |
| 2017-12 | 2 |  |  |
| 2018-03 | 3 | loans exceed deposits, deposits shrinking | NIM <2.5% |
| 2018-06 | 3 | capital falling | deposits shrinking |
| 2018-09 | 1 |  | reserve under noncurrent, loans exceed deposits |
| 2018-12 | 1 |  |  |
| 2019-03 | 3 | expense ratio p90, reserve under noncurrent |  |
| 2019-06 | 3 | losing money | capital falling |
| 2019-09 | 3 | loans exceed deposits | reserve under noncurrent |
| 2019-12 | 3 |  |  |
| 2020-03 | 3 | capital falling | loans exceed deposits |
| 2020-06 | 5 | loans exceed deposits, wholesale funding >15% |  |
| 2020-09 | 4 |  | capital falling |
| 2020-12 | 3 |  | losing money |
| 2021-03 | 1 |  | expense ratio p90, wholesale funding >15% |
| 2021-06 | 0 |  | loans exceed deposits |
| 2021-09 | 1 | capital falling |  |
| 2021-12 | 3 | uninsured deposits >50%, expense ratio p90 |  |
| 2022-03 | 2 | run vulnerability | capital falling, expense ratio p90 |
| 2022-06 | 2 |  |  |
| 2022-09 | 3 | capital falling |  |
| 2022-12 | 1 |  | uninsured deposits >50%, run vulnerability |
| 2023-03 | 1 | wholesale funding >15% | capital falling |
| 2023-06 | 3 | brokered >10%, charge-offs p90 |  |
| 2023-09 | 3 | capital falling | wholesale funding >15% |
| 2023-12 | 1 |  | brokered >10%, charge-offs p90 |
| 2024-03 | 1 | brokered >10% | capital falling |
| 2024-06 | 2 | wholesale funding >15% |  |
| 2024-09 | 2 | capital falling, losing money | brokered >10%, wholesale funding >15% |
| 2024-12 | 2 | wholesale funding >15% | losing money |
| 2025-03 | 2 | brokered >10% | capital falling |
| 2025-06 | 2 |  |  |
| 2025-09 | 0 |  | wholesale funding >15%, brokered >10% |
| 2025-12 | 3 | loans exceed deposits, brokered >10%, wholesale funding >15% |  |

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

- 2026-01-12 [TowneBank completes $476M acquisition of Dogwood State Bank - Virginia Business](https://news.google.com/rss/articles/CBMikgFBVV95cUxOMmotVVgxUHpVTHRYX0NMMmViNFlDMlZ0Q2l5YXo1c2ppV2RXenBxOFhuTFEzbnpWVHZGWDNTV3NZYmxqWDg3alF4UmNRclFZZjNESmt5R3l6N285T3VtYnlPMjNhRmNFWW9tbWQwU0ZVVkltbkEtTURoaWMxaGhLclJSTF9SbXBZTUZIb05QVFd0Zw?oc=5) · Virginia Business
- 2026-01-12 [TowneBank Completes Dogwood State Bank Merger, Expands Local Presence - WilmingtonBiz](https://news.google.com/rss/articles/CBMi0AFBVV95cUxOM05Cc2NaTzA0eVhoRHVzM1ZFRXVjVUpBbVNNTGZGcGs2Vkt4anNNU2VqQW5OaTU5cFFKOEI2NXpCSmhPR3F1Mzc5TTltRUQ5M2YtdEhOb3ptUDlGNFg1d2FUcUJJcGxNMldNdlRybnFlVlRCMnRrdmVsMjN1YUROZUtINDdKbEp4bUEzSFdEYXRjNnZpSkpLSnNDWlNnd24zZzNNQUM5VHY5QTJDY0VwVlQ4TGc4YzdRVG8xOTJXY3l5VWxUOEZDaFBHS2w3M0Zq?oc=5) · WilmingtonBiz
- 2026-01-14 [TowneBank closes on Raleigh's Dogwood, NC loses another bank HQ - The Business Journals](https://news.google.com/rss/articles/CBMirAFBVV95cUxOZlYwenNJZnVWb3lIeHl2NVhmLWFnWVl1LUdqMXNIb3J3X0VJRU1aWUFJUmcwVmhTMnBHVGFPbDlzYWlzdnVLOUFqOTMzb3lsMTI0Y2QxdGNMQUV4b1ZQb1RQbk9zQ2ZjM2FOa0tQMnU3TjRqaTh5S0ZNanZuQ00tU3pHeWZDbk9laW5iTVhHTHZCbmMzMXdJWmJMZ19yODlhM3AyQzFGcl9IS3Bv?oc=5) · The Business Journals
- 2026-01-12 [TowneBank Announces Completion of Dogwood State Bank Merger - GlobeNewswire](https://news.google.com/rss/articles/CBMi0AFBVV95cUxOeXhFRHNSTGZLVXlyZm5xN2lIbUFHX2ZvWExCX1N0V2UzaGpfYUFtMkJvejZLVlhZY1ZhWFNlSkFxekNEeGkxM3BJRWtJdl9vdFQ0RkRXaHUtcVRLZElwblJlZmpEQ0M3MmVkTWlSZGhBSjlqMWw0NDNBcklqOVlMY09TR0FELUFOcFpMSS14UzZ5UlJSQzU1eHFKcE5GWnhqenA0MTlrUUVwZS0tdHdsek9oU3RZbTN6WlpvcmZ1UkRHUERFWFZ1Q1BqeWNfVnpC?oc=5) · GlobeNewswire
- 2026-01-13 [TowneBank announces completion of Dogwood State Bank merger - Greater Fayetteville Business Journal](https://news.google.com/rss/articles/CBMiugFBVV95cUxNeEx4Q1VtbEhyQlM1d0FpMWUyd3VJM2pfVUtTMmFwZzllcnd0UFN5Wl95aW9fT2ZWNUxwN0w4N0NKUmx6YnJOX0JQdV9jVjlQa3NKeTJOWlV0MktMVGpiVkJzT2FpZVZPOG03c1JDdTIwUjNrOUVaQ0pXTnktYTNpems2OWlxVHJ4N0ZWVGZLWkpOTkhlNGczS2wzbWpCLVoxcXkzLVdUbUtFMy1SeE4zRFctbm5ENWdRYnc?oc=5) · Greater Fayetteville Business Journal
- 2026-01-12 [TowneBank Completes Merger with Dogwood State Bank, Expanding Presence in the Carolinas and Beyond - Quiver Quantitative](https://news.google.com/rss/articles/CBMizgFBVV95cUxOUkVBcktiYy1xVDBrLUJuZVY0YmpTTXVvQ3dXZE9FM20yWmk0a2MzOV9MWGhRTmtPY2I1bFlTSkc0Q1haMzA5cUpYYTl5Q1N5a2hnQ2llM2lxenItQ3I0QXhZaDBWR0dlMnA4U2RzdFZpU3dQWVBzczFXU3pXcEl4MlZrSUxQLXdLV3ByX2xBcGMwVElRX0N1LV9qUjVOTjMyU0xrbmRfeVJfVldnZnlsVEE4UGZZd0t0cVh6b0QtOEJ4LUdHeXdLM2NDUXhHUQ?oc=5) · Quiver Quantitative
- 2026-07-02 [TowneBank names Morehead City market executive - Carolina Coast Online](https://news.google.com/rss/articles/CBMinAFBVV95cUxOVWFNTVlCZEkxX0xQTWhxX1JvZGVfd3B0Smt0UTI5REN6RVNDdndkc01uUDlNeVZZSl83Q1c0bUJ1aC1nZmNKZ0taRmdCc3NGN2dYQUJ1Sl9McmZIRWF3Mk5KNzduemYyQ3ZLdG5UaEVGbUdOQk9IQjF5bTNHd2QzVDRjTnN0UVIyVHZpV1BVb25hX1Rzd0o5SWNieE0?oc=5) · Carolina Coast Online
- 2026-01-20 [TowneBank completes Dogwood merger, expanding into Carolinas - Smithfield Times](https://news.google.com/rss/articles/CBMiqAFBVV95cUxOMDNjbXBiRUNSSEx0dmMwT3ZkRFhvYkdrem1Jc2ZIMncyb1prcTlDejM5NS1sLXlRMUJqeUpmaEYtTGVoaE5HWEZvUEpQUTlzMFpxV0NWVTdqUzhuTXUxd3hxeWFuLUQtNU45VHlJTVJoN1ZVNFdHUE5BbFJ0c1JyQ3VTNVBsd2dqODhqSzU4c0RkVkc1eU9FSzFGS3ByU0dKZ2ZOeFo3cWs?oc=5) · Smithfield Times

## How to verify

- Page: https://getbookiq.com/bank-desk/#bank=57095 (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/7.json (key "57095", 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.

---
Rendered 2026-09-10 from the desks' own data files. Full guide: https://getbookiq.com/guide