# FLORIDA SHORES BANK SE
POMPANO BEACH, FL · FDIC certificate 58331 · asset band <$300M · latest filing 2013-12 · 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 | $166.9M | |
| Deposits | $152.7M | |
| Loans and leases | $125.0M | |
| Total equity | $13.8M | |
| Loans / deposits | 80.50% (p71 of band) | 69.26% |
| Liquid assets / assets | 21.59% (p21 of band) | |
| Uninsured deposits / deposits | 18.52% (p73 of band) | 12.49% |
| Brokered deposits | 0.60% | |
| Wholesale funding | 0.60% (p41 of band) | |
| FHLB advances / assets | 0.00% | |
| Tier 1 leverage | 8.40% (p15 of band) | 10.29% |
| Unrealized securities loss / equity | -6.44% (p20 of band) | -1.01% |
| AOCI / equity | -8.31% (p25 of band) | |
| ROA (annualized) | -0.49% (p6 of band) | 0.76% |
| Net interest margin | 3.89% (p64 of band) | 3.63% |
| Efficiency ratio | 96.72% (p89 of band) | |
| Noncurrent loans | 1.71% (p66 of band) | 0.94% |
| Net charge-offs (annualized) | 1.27% (p98 of band) | |
| Reserve coverage of noncurrent | 97.99% | |
| Real estate % of loans | 84% | |
| Construction % of loans | 1.01% (p17 of band) | |
| Auto loans | $236,000 (0.19% of loans; DQ 5.08%, NCO 0.00%) | |
| Loans to nondepository financials | $0 (0% of equity) (p48 of band) | |
| Deposits YoY | -9.4% | |
| Employees | 25 | |

## Flags firing in the latest filing

- **losing money** (`earn_negative`)
- **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 | 0 |  |  |
| 2011-06 | 2 | losing money, reserve under noncurrent |  |
| 2011-09 | 3 | expense ratio p90, charge-offs p90 | reserve under noncurrent |
| 2011-12 | 4 | reserve under noncurrent |  |
| 2012-03 | 4 | capital falling | charge-offs p90 |
| 2012-06 | 3 | charge-offs p90 | losing money, capital falling |
| 2012-09 | 3 | losing money | charge-offs p90 |
| 2012-12 | 4 | capital falling |  |
| 2013-03 | 2 | charge-offs p90 | expense ratio p90, losing money, capital falling |
| 2013-06 | 3 | losing money |  |
| 2013-09 | 4 | capital falling |  |
| 2013-12 | 5 | deposits shrinking, assets shrinking | capital falling |

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

- nothing found for that search

## How to verify

- Page: https://getbookiq.com/bank-desk/#bank=58331 (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/27.json (key "58331", 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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