# XENITH BANK
RICHMOND, VA · FDIC certificate 57487 · asset band $1-10B · latest filing 2016-06 · stopped filing (departed)

**Verdict on the desk:** this could be *lender to lenders*. 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 | $1.07B | |
| Deposits | $917.7M | |
| Loans and leases | $821.4M | |
| Total equity | $126.4M | |
| Loans / deposits | 88.73% (p49 of band) | 89.53% |
| Liquid assets / assets | 17.90% (p37 of band) | |
| Uninsured deposits / deposits | 35.35% (p73 of band) | 25.95% |
| Brokered deposits | 13.87% | |
| Wholesale funding | 15.51% (p70 of band) | |
| FHLB advances / assets | 1.63% | |
| Tier 1 leverage | 10.42% (p65 of band) | 9.68% |
| Unrealized securities loss / equity | 5.71% (p83 of band) | 2.54% |
| AOCI / equity | 2.99% (p89 of band) | |
| ROA (annualized) | 0.33% (p5 of band) | 0.95% |
| Net interest margin | 3.25% (p34 of band) | 3.48% |
| Efficiency ratio | 80.52% (p91 of band) | |
| Noncurrent loans | 1.74% (p88 of band) | 0.63% |
| Net charge-offs (annualized) | 0.11% (p77 of band) | |
| Reserve coverage of noncurrent | 50.03% | |
| Real estate % of loans | 50% | |
| Construction % of loans | 87.46% (p89 of band) | |
| Auto loans | $184,000 (0.02% of loans; DQ 3.80%, NCO 0.00%) | |
| Loans to nondepository financials | $89.3M (71% of equity) (p98 of band) | |
| Deposits YoY | 8.3% | |
| Employees | 118 | |

## Flags firing in the latest filing

- **brokered >10%** (`liq_brokered`)
- **wholesale funding >15%** (`liq_wholesale`)
- **expense ratio p90** (`earn_efficiency`)
- **reserve under noncurrent** (`aq_reserve`)
- **loans-to-lenders >50% equity** (`conc_warehouse`)

## Warning timeline

| Quarter | Score | Flags that first fired | Flags that cleared |
|---|---|---|---|
| 2011-03 | 3 | wholesale funding >15%, losing money, expense ratio p90 |  |
| 2011-06 | 3 | reserve under noncurrent | wholesale funding >15% |
| 2011-09 | 1 |  | losing money, expense ratio p90 |
| 2011-12 | 2 | capital falling |  |
| 2012-03 | 1 |  | capital falling |
| 2012-06 | 1 |  |  |
| 2012-09 | 2 | capital falling |  |
| 2012-12 | 3 | loans exceed deposits |  |
| 2013-03 | 1 |  | reserve under noncurrent, loans exceed deposits |
| 2013-06 | 2 | reserve under noncurrent, loans-to-lenders >50% equity | capital falling |
| 2013-09 | 0 |  | reserve under noncurrent, loans-to-lenders >50% equity |
| 2013-12 | 2 | brokered >10%, capital falling |  |
| 2014-03 | 2 | noncurrent p90, reserve under noncurrent | brokered >10%, capital falling |
| 2014-06 | 5 | brokered >10%, wholesale funding >15%, expense ratio p90 |  |
| 2014-09 | 4 | loans-to-lenders >50% equity | wholesale funding >15%, expense ratio p90 |
| 2014-12 | 2 |  | noncurrent p90, brokered >10% |
| 2015-03 | 4 | brokered >10%, noncurrent p90 |  |
| 2015-06 | 4 |  |  |
| 2015-09 | 4 | capital falling | loans-to-lenders >50% equity |
| 2015-12 | 5 | loans-to-lenders >50% equity |  |
| 2016-03 | 5 | expense ratio p90 | loans-to-lenders >50% equity |
| 2016-06 | 5 | wholesale funding >15%, loans-to-lenders >50% equity | noncurrent p90, capital falling |

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

- 2016-03-03 [Shore Bank to become Xenith after merger - DelmarvaNow.com](https://news.google.com/rss/articles/CBMisgFBVV95cUxQU3YxQy12ZFVmaTVGM1djSS16Tk5mdW9ZSGVwR1FlVEVDNE5WVHVrVnItN3V5VEZ0SjNTMTRTOG5CX1pwSjVwcy1zaFBnTHZYU3pMWFlxSWNDWUJFNDhXOGxQU0g4QjFRUTR6V21CN042UEhLVXdadGIxWHFMLW5FS2JDUFh2X1ZSdjZmVWtHY2p5Zzk3eFFRcUs4STFHcTdGTGxENGRybEpKaU1uaHR6MHFn?oc=5) · DelmarvaNow.com
- 2014-03-24 [Bank reaches for another zenith - Richmond BizSense](https://news.google.com/rss/articles/CBMifEFVX3lxTE5hM3huVDZfejNEbWtLNDFqM2FWLXVhaEJIbU9mZUt0OFExbzJQVjVieGw2NHcxbElwWjBRTTdDU2dfWExXUHE0S2ItRzgxc0FPQXRGbVRSRHNmSm9ZWlZNQ0JOdkt6bUZCaUdnZVI3ZjFyU19ReDFZQUV6WHI?oc=5) · Richmond BizSense
- 2018-10-30 [Bank’s first female president advocates industry diversity - Virginia Business](https://news.google.com/rss/articles/CBMikAFBVV95cUxNQklOYUo0N0Q5eFJ6ZGFDSWtHNlJMLUtYT3BXUEl2Q3hOM3NyV3VKRGR3ZDR1VWZNd2JmeG1SM2ZieHpXclhqdTcwdHRDZE1IUkl6LWp1Rm45YXp1VXljMDlWUEpkR1BTUlVFOFhScEtyUzlSUjdmejNJSHI4WVhDbzFnV0RxME41UzYyRnhuY0k?oc=5) · Virginia Business
- 2019-02-01 [Union Bank & Trust is officially rebranding. Here's its new name and logo. - The Business Journals](https://news.google.com/rss/articles/CBMiqwFBVV95cUxOblBGZ2U5cjFGQjJYbXpaWVlKTEFXek1HNDFDYVFmcDdFTjV0WmhjRzFNQTAzbmdqb0dFY0VKX0JnSUs5dWdyRjk0SUkzZ1dMLUtXOFduVXo0c0dSS29yVXZwRkN6X0pzbjVfZGo5LV9ZdG1saWNpU2l6YlVEQUZDTEdTWW9hS1M2SU42enlkUG5SRlU5Wlc3dklIdUZLR2llcUhHTEdjQUE5UU0?oc=5) · The Business Journals
- 2019-01-20 [Obituary information for Wellington Watkins "Chris" Cottrell III - blileys.com](https://news.google.com/rss/articles/CBMijgFBVV95cUxPd2tzQXYtc2psUUlheGhPQXU0Z1htLU8yZ090VHFJcFdMSVMzUmpCb1FtWDhXcXFKNnZnemhxMzhUZ0w0NGZ0bDJVVXRRdG93eWpOTjBoamxBal9ITmtNOWx2bVpWX3VRb1UtZU4xTV8yeElBNVRxTHFabVExT0JMN1J2bFQ4QWlkUXBGMlRB?oc=5) · blileys.com
- 2019-02-01 [Union Bank & Trust rebranding with Atlantic name - The Daily Progress](https://news.google.com/rss/articles/CBMiywFBVV95cUxOcG1RSWpxbVRhVlBxMXBmaFNFTXpKcmMwQW5uVjdCQWNiV0NhaDBSV20tNVF1dzRTa3dXSk9TeGhnMUpoU2luQ04xZnNSZVFPZDhyZVJPVXBYZngtSTZON25kSVlYTTJPVHQxbG4zX3BtZC0xVDlYUzRWZFNUWUdqOS1RcEJKc3ZzM0h4MlFqWlNHS1N1RW85VWZYQ2xocGZrXzVHY2tyT2Q4MU5HTUR5eGRieTVJYk1OWFFwTUkxN2tjSVRQMVlnbTdKRQ?oc=5) · The Daily Progress
- 2019-05-20 [It's official: Union Bank is now Atlantic Union Bank - The Business Journals](https://news.google.com/rss/articles/CBMirwFBVV95cUxObS1OYTlwaXlrSzZLcGxGU05oSXRaSUlFTjVZMDhINVNkdTBYQXZ5QVpQNEVXalhham5fcFA4Q1JfbkRzeklXTkUxenJDRzdfb1E0OHBCOFpLMTlBNjB6enhfZUJFTlhZUkpVSklkbjVRVUVzV196ZENIaHo5dURMR3UzT2k4ZHJyTHF2NUtNNnJGT1NNeXUyOW5ZZzRGZmYwVm5KT3lhWmltT0xwV1g0?oc=5) · The Business Journals
- 2012-03-05 [Local bank to be acquired in $40M deal - Richmond BizSense](https://news.google.com/rss/articles/CBMihAFBVV95cUxQc1d1dXFfSXFIREFMMnc5eGNxX0RuRWM1anpFb2JLT0pTNG9IMl9JNmwtNFNrV091dkVqT1NWR3haTEk0Q1ZqdS11ZklJVEFURkVsbGswVEpLanNsVHlFVmhINFQtVmFSYS05MWlpaVdrWExGdlVXZWhZY3kxOXFHWGM4Ykc?oc=5) · Richmond BizSense

## How to verify

- Page: https://getbookiq.com/bank-desk/#bank=57487 (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/15.json (key "57487", 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