# LOTUS BANK
NOVI, MI · FDIC certificate 58340 · asset band <$300M · latest filing 2014-12 · stopped filing (departed)

**Verdict on the desk:** this could be *ordinary*. 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 | $107.5M | |
| Deposits | $93.3M | |
| Loans and leases | $78.0M | |
| Total equity | $11.8M | |
| Loans / deposits | 82.26% (p70 of band) | 71.50% |
| Liquid assets / assets | 24.97% (p31 of band) | |
| Uninsured deposits / deposits | 30.53% (p92 of band) | 13.21% |
| Brokered deposits | 2.66% | |
| Wholesale funding | 4.43% (p63 of band) | |
| FHLB advances / assets | 1.77% | |
| Tier 1 leverage | 10.97% (p58 of band) | 10.45% |
| Unrealized securities loss / equity | 0.17% (p42 of band) | 0.49% |
| AOCI / equity | 1.77% (p54 of band) | |
| ROA (annualized) | 0.43% (p24 of band) | 0.81% |
| Net interest margin | 3.81% (p59 of band) | 3.66% |
| Efficiency ratio | 81.97% (p69 of band) | |
| Noncurrent loans | 1.89% (p75 of band) | 0.76% |
| Net charge-offs (annualized) | 0.08% (p61 of band) | |
| Reserve coverage of noncurrent | 81.81% | |
| Real estate % of loans | 83% | |
| Construction % of loans | 10.99% (p42 of band) | |
| Auto loans | $0 (0.00% of loans; DQ –, NCO 0.00%) | |
| Loans to nondepository financials | $0 (0% of equity) (p48 of band) | |
| Deposits YoY | 16.6% | |
| Employees | 20 | |

## Flags firing in the latest filing

- **reserve under noncurrent** (`aq_reserve`)

## Warning timeline

| Quarter | Score | Flags that first fired | Flags that cleared |
|---|---|---|---|
| 2011-03 | 0 |  |  |
| 2011-06 | 0 |  |  |
| 2011-09 | 1 | reserve under noncurrent |  |
| 2011-12 | 0 |  | reserve under noncurrent |
| 2012-03 | 0 |  |  |
| 2012-06 | 1 | uninsured deposits leaving |  |
| 2012-09 | 0 |  | uninsured deposits leaving |
| 2012-12 | 0 |  |  |
| 2013-03 | 0 |  |  |
| 2013-06 | 0 |  |  |
| 2013-09 | 0 |  |  |
| 2013-12 | 0 |  |  |
| 2014-03 | 1 | capital falling |  |
| 2014-06 | 1 |  |  |
| 2014-09 | 0 |  | capital falling |
| 2014-12 | 1 | reserve under noncurrent |  |

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

- 2014-11-20 [Level One to buy Lotus Bank - hometownlife.com](https://news.google.com/rss/articles/CBMi1wFBVV95cUxQUF8yNHIwa2c5blVDbGh3RE5ETVdVUE1YOUd5Y0d6bTVDV3I4cGVyZGYzMmVvWDdNSlhiSjZwYW13RUhfakFNZnU2bV9nS0ZLRG1PZlhLeFhYTEM4TEpsZlQwcDYxMUVBcmdtcURiQ0IzUGdwbmdvRThHU1hFOE93Z0FIZmtvU1pBeDJzb25kUmpUZjVoOXFOdDh3QVhOakdWR2J1ZFV0cTJOc2YwSW9nMnpEU2RweTAzSUUtZEhsdzVxMk4ydmhVUTMtaTZuanh3WFFIaVZ1WQ?oc=5) · hometownlife.com
- 2021-11-04 [Farmington Hills-based Level One Bank to be acquired, become First Merchants - Detroit Free Press](https://news.google.com/rss/articles/CBMinAFBVV95cUxNTjgzQnI3djR5YnprNG81TXB4TUx3U1lnb3VDbVEzU01sLU5PNG83OUNQQ3ZPQXluWXY4WDBKa2Fkd09QbzdUZE9TUU1HYWswdlQ5cnZhcERvSG1IWjRZLVhRNndKU0hOSzVQaDhPMnZTR0dkT01yaTFnMTNDQXZxMHJQTC1qMVc3czNkU1N6a2lUY1hZMF9uSGhCTjE?oc=5) · Detroit Free Press
- 2021-08-27 [Kafilat Araoye, MD Lotus Bank - Business News Nigeria](https://news.google.com/rss/articles/CBMikgFBVV95cUxPb3Mwa1VFMkpPSzJ3cXZsZUE0aDE2U2JraHhHVDd4VlA2R1lTdnJmZ1hvb0c3V0sxT0FPc1BRTkVEbEZscXN0cm44VERrU2RYVi1tcTVyak9ic3JwbmZzR1E5Ykx5bG1aZ211bnhlbmRrVVhlUERURDdoM1BVbm9UZE5ET1pyT0tWNUFrNGtpSVQ1QQ?oc=5) · Business News Nigeria
- 2020-08-24 [Lotus Evija electric hypercar postponed - Carsales](https://news.google.com/rss/articles/CBMimAFBVV95cUxPTlFESGRaRndGeWZpMkxhWmZhM09Xei16YlVrU1E5S0NKQVZqWFVXakR6aXRSak1yOXlRcndtYVIyS2cxZVJ5NWg5d0lmTkZUV3djbTBlaFoxclJyWG80a0NZQlI1OXZDRV92ejJoTlN1LV9ZYWRvT3pHZU9rbHZZeFhyVVNHeVdUZ3dWQ3VtRmk5M3lidHdLTA?oc=5) · Carsales
- 2024-08-13 [Emergence of female Bank ceos: Transformative shift of driving force behind Nigeria’s economic growth - The Sun Nigeria](https://news.google.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?oc=5) · The Sun Nigeria
- 2024-03-22 [Leading Ladies: Meet 10 female CEOs shaping Nigeria’s banking sector - Vanguard News](https://news.google.com/rss/articles/CBMihAFBVV95cUxQenIyQnJueWZXNW8tdkROLWxBNFVkbG1TYS1Va3dDT012ajVjZnFSaVdGdnpBa3NpSUhqTVdybUg0YXpoaVFkREhPN25JWmNkNFZwNG5MX1pTSFB6TkhycndHR3RJSHdKQTNKU1JXWm9XSDdKdlZHd21ZNGNmU0FCcEMxQ2TSAYoBQVVfeXFMTTJMd0ZHM2tpT0drQzQ0dHFjazBNbEE1cURMb1JqaEZ5TEtlZGFLb09uOF8xcFBmX0lqY3VmRGtRRTV6UktSTDI4Q204YjYwQXhZX2NVNUllM2lCNHhSYzNFdW1Ea0Vlb1FzYzJXWndIeFFNdWN5VWROYnR0M3RjUnlyRXl1bDVVMzhn?oc=5) · Vanguard News
- 2025-12-19 [Ansar-Ud-Deen unveils N20bn legacy fund for human capital development - The Guardian Nigeria News](https://news.google.com/rss/articles/CBMitAFBVV95cUxQeHJNQlAzMUZOWV9sSVNyVFRlYUlhcW5WanJ6dzhWV0tqV0NhNVFrc1dLd25yVDJkUHZrVFc0X3J4WTQ1QlFSSE5EWF90X2JwSGhySjBHSERrakhUQjNoV005VFRVUzZWbjlBelc4M3dSY21NaGlncDFIYkNPWThoWEtoMmk4WGhKYWZ5eGVJMWVHTFMtWmtDdU95SU1zRHpWb0dnemgyUjJ1bFUtSlBIV05wRkI?oc=5) · The Guardian Nigeria News
- 2024-10-03 [All LOTUS Bank’s USSD codes for balance, transfer, account opening and more - legit.ng](https://news.google.com/rss/articles/CBMisAFBVV95cUxOT29GcDY1TGZCY3dLUldiS25oSXZRd1FWaUtXM3dlQWFvVDU0Ui1nWF85aHhjUldXR0xyZmFBX09RQ1N3cm9YdmhhN0hNWkVUWXZRQi1nTWs4UmRTXzVGRUJrdVJEY29UMUpfMkd6NVRpNk5CaURMQTl5YXEtdzhoZ25KcGtVV3dfRGNJSWczRGc0eC1RQTFWd3BRWWdVVlJyYlJKS3RXdkxibmlIMjg1VQ?oc=5) · legit.ng

## How to verify

- Page: https://getbookiq.com/bank-desk/#bank=58340 (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/36.json (key "58340", 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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Rendered 2026-09-10 from the desks' own data files. Full guide: https://getbookiq.com/guide