# SEAWAY COMMUNITY BANK
SAINT CLAIR, MI · FDIC certificate 57240 · asset band <$300M · latest filing 2013-09 · stopped filing (departed)

**Verdict on the desk:** this could be *funding-stretched*. Composite score 1 (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 | $202.7M | |
| Deposits | $168.7M | |
| Loans and leases | $144.6M | |
| Total equity | $19.4M | |
| Loans / deposits | 82.19% (p74 of band) | 69.26% |
| Liquid assets / assets | 26.61% (p31 of band) | |
| Uninsured deposits / deposits | 25.72% (p90 of band) | 11.87% |
| Brokered deposits | 8.46% | |
| Wholesale funding | 15.57% (p93 of band) | |
| FHLB advances / assets | 7.11% | |
| Tier 1 leverage | 9.93% (p43 of band) | 10.33% |
| Unrealized securities loss / equity | -0.91% (p45 of band) | -0.53% |
| AOCI / equity | -4.22% (p42 of band) | |
| ROA (annualized) | 1.55% (p87 of band) | 0.77% |
| Net interest margin | 3.97% (p69 of band) | 3.62% |
| Efficiency ratio | 67.21% (p34 of band) | |
| Noncurrent loans | 1.94% (p67 of band) | 1.08% |
| Net charge-offs (annualized) | 0.16% (p71 of band) | |
| Reserve coverage of noncurrent | 214.18% | |
| Real estate % of loans | 79% | |
| Construction % of loans | 44.02% (p78 of band) | |
| Auto loans | $126,000 (0.09% of loans; DQ 0.00%, NCO 0.00%) | |
| Loans to nondepository financials | $0 (0% of equity) (p48 of band) | |
| Deposits YoY | -0.7% | |
| Employees | 40 | |

## Flags firing in the latest filing

- **wholesale funding >15%** (`liq_wholesale`)

## Warning timeline

| Quarter | Score | Flags that first fired | Flags that cleared |
|---|---|---|---|
| 2011-03 | 3 | brokered >10%, wholesale funding >15%, losing money |  |
| 2011-06 | 4 | charge-offs p90 |  |
| 2011-09 | 2 |  | brokered >10%, losing money |
| 2011-12 | 3 | losing money |  |
| 2012-03 | 1 |  | wholesale funding >15%, losing money |
| 2012-06 | 1 |  |  |
| 2012-09 | 1 |  |  |
| 2012-12 | 2 | wholesale funding >15% |  |
| 2013-03 | 2 | brokered >10% | charge-offs p90 |
| 2013-06 | 2 |  |  |
| 2013-09 | 1 |  | brokered >10% |

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

- 2013-02-11 [Grow Michigan, LLC Opens for Business - CBS News](https://news.google.com/rss/articles/CBMif0FVX3lxTE5fUVlxMXpGUWdtcnhCTTRXemRvRlR3VzViaXN0YlBYRU1ST0xVQUJMZmRvc1hYcFJrQkdMU1Q1cm5XOGhvUmdwai1PdHhZcExscVpqa0pVbWpmYjlONzFDYkhtZEVYQTNuTmFEZmxjRnVFRmhpb2k1dnRjRkh5WXc?oc=5) · CBS News

## How to verify

- Page: https://getbookiq.com/bank-desk/#bank=57240 (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/24.json (key "57240", 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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