# RELIANCE BANK FSB
FORT MYERS, FL · FDIC certificate 58129 · asset band <$300M · latest filing 2012-12 · 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 | $59.3M | |
| Deposits | $52.5M | |
| Loans and leases | $23.3M | |
| Total equity | $4.4M | |
| Loans / deposits | 38.10% (p9 of band) | 68.02% |
| Liquid assets / assets | 53.80% (p81 of band) | |
| Uninsured deposits / deposits | 3.83% (p19 of band) | 8.86% |
| Brokered deposits | 0.00% | |
| Wholesale funding | 3.38% (p60 of band) | |
| FHLB advances / assets | 3.38% | |
| Tier 1 leverage | 7.10% (p6 of band) | 10.05% |
| Unrealized securities loss / equity | 7.59% (p77 of band) | 3.01% |
| AOCI / equity | -5.45% (p1 of band) | |
| ROA (annualized) | 1.96% (p94 of band) | 0.76% |
| Net interest margin | 2.43% (p6 of band) | 3.75% |
| Efficiency ratio | 122.49% (p97 of band) | |
| Noncurrent loans | 5.88% (p92 of band) | 1.21% |
| Net charge-offs (annualized) | -1.49% (p0 of band) | |
| Reserve coverage of noncurrent | 239.66% | |
| Real estate % of loans | 91% | |
| Construction % of loans | 5.47% (p30 of band) | |
| Auto loans | $22,000 (0.09% of loans; DQ 0.00%, NCO 0.01%) | |
| Loans to nondepository financials | $0 (0% of equity) (p48 of band) | |
| Deposits YoY | -16.6% | |
| Employees | 11 | |

## Flags firing in the latest filing

- **expense ratio p90** (`earn_efficiency`)
- **NIM <2.5%** (`earn_nim`)
- **noncurrent p90** (`aq_noncurrent`)
- **deposits shrinking** (`shrink_deposits`)
- **assets shrinking** (`shrink_assets`)
- **uninsured deposits leaving** (`flight_uninsured`)

## Warning timeline

| Quarter | Score | Flags that first fired | Flags that cleared |
|---|---|---|---|
| 2011-03 | 7 | leverage <7%, leverage <5%, losing money, expense ratio p90, noncurrent p90, reserve under noncurrent |  |
| 2011-06 | 7 |  |  |
| 2011-09 | 7 |  |  |
| 2011-12 | 8 | charge-offs p90 |  |
| 2012-03 | 7 | deposits shrinking, assets shrinking, uninsured deposits leaving | leverage <5%, losing money, charge-offs p90 |
| 2012-06 | 6 |  | reserve under noncurrent |
| 2012-09 | 6 | NIM <2.5% | noncurrent p90 |
| 2012-12 | 6 | noncurrent p90 | leverage <7% |

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

- 2013-04-05 [Brouster leads $31 million recapitalization of Reliance Bancshares - PR Newswire](https://news.google.com/rss/articles/CBMivgFBVV95cUxNek16MXl3ZUNvMnE1NlNmNWVhMGdTNmxBVXF6V1BqdmM4Zmo0dEN3bzJ0dWFsQTR6VlNiT241WWk0UjZJbXNFWjJHVVUtOWppM2p2SHBIRVRQM3FFdTRVSkVvMHlOaE5Hc1VZQ1l2MVZueG5BTWRWYUxrNktGc2NmUEhOQVE1SFZZUGtGQ0RtQld4b3NrdzlVZUt3OUZEcU1QVEVSbjdJN0RtUjZnbkRzeE13ckktZHFhb0F6Zmd3?oc=5) · PR Newswire

## How to verify

- Page: https://getbookiq.com/bank-desk/#bank=58129 (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/17.json (key "58129", 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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