# FORTUNE BANK
SEATTLE, WA · FDIC certificate 58437 · asset band <$300M · latest filing 2013-09 · stopped filing (departed)

**Verdict on the desk:** this could be *funding-stretched*. Composite score 2 (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 | $143.6M | |
| Deposits | $123.9M | |
| Loans and leases | $106.5M | |
| Total equity | $19.3M | |
| Loans / deposits | 84.78% (p79 of band) | 69.26% |
| Liquid assets / assets | 21.64% (p20 of band) | |
| Uninsured deposits / deposits | 29.14% (p94 of band) | 11.87% |
| Brokered deposits | 10.33% | |
| Wholesale funding | 10.33% (p85 of band) | |
| FHLB advances / assets | 0.00% | |
| Tier 1 leverage | 12.18% (p74 of band) | 10.33% |
| Unrealized securities loss / equity | -0.61% (p49 of band) | -0.53% |
| AOCI / equity | -0.37% (p78 of band) | |
| ROA (annualized) | 2.53% (p97 of band) | 0.77% |
| Net interest margin | 3.78% (p59 of band) | 3.62% |
| Efficiency ratio | 95.47% (p89 of band) | |
| Noncurrent loans | 2.61% (p76 of band) | 1.08% |
| Net charge-offs (annualized) | 0.37% (p86 of band) | |
| Reserve coverage of noncurrent | 49.96% | |
| Real estate % of loans | 70% | |
| Construction % of loans | 5.34% (p29 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 | 5.1% | |
| Employees | 26 | |

## Flags firing in the latest filing

- **brokered >10%** (`liq_brokered`)
- **reserve under noncurrent** (`aq_reserve`)

## Warning timeline

| Quarter | Score | Flags that first fired | Flags that cleared |
|---|---|---|---|
| 2011-03 | 3 | brokered >10%, wholesale funding >15%, reserve under noncurrent |  |
| 2011-06 | 2 |  | wholesale funding >15% |
| 2011-09 | 3 | capital falling |  |
| 2011-12 | 3 | charge-offs p90 | capital falling |
| 2012-03 | 4 | deposits shrinking |  |
| 2012-06 | 5 | assets shrinking, uninsured deposits leaving | brokered >10% |
| 2012-09 | 3 |  | reserve under noncurrent, charge-offs p90 |
| 2012-12 | 3 | noncurrent p90, charge-offs p90, reserve under noncurrent | deposits shrinking, assets shrinking, uninsured deposits leaving |
| 2013-03 | 3 | brokered >10% | charge-offs p90 |
| 2013-06 | 3 | charge-offs p90 | noncurrent p90 |
| 2013-09 | 2 |  | charge-offs p90 |

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

- 2026-06-09 [From commercial lending to cash management, Southern Bank offers a full-service banking operation for St. Louis businesses - The Business Journals](https://news.google.com/rss/articles/CBMiqAFBVV95cUxNWFcwcks3eFZKX2lVNnJLV1BRZXFSUDFvazlRcHVuc2FlVTdxcVJreE5ORXNMb3JLdl9hNEU0SktURlR5Sk5QOGstUE5XSnZoc1lURzIwTllWZkNDTzZQdHNvRmRNUkdRSzhXVVgxdHB2OVRmRVNjenBGOXl2Q1c2MXlSbXI2Q3NaVGhPWXFRV2hTS3k3cVpMTV9uUWJRblhEM3RDY3hoU0Y?oc=5) · The Business Journals
- 2022-08-07 [There's a new player in the crowded downtown Yakima banking arena - Yakima Herald-Republic](https://news.google.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?oc=5) · Yakima Herald-Republic
- 2022-02-15 [Protego Trust Names Brian Brooks, Michael Carpenter to Board - newswire.com](https://news.google.com/rss/articles/CBMinwFBVV95cUxPYk9JcmJCa1hURHMzNmxkZnM4SDRVQVg2eGhOaW5NTldGZjk2bkpueFd2S3VSZVd0VS1ZazRRUzRLNGI1QkUzVlhDb0IzYUtTQzRWTngwQVk5QUJPTVJoczdFb3B0WEVPNXRWY2lYQlRDQmRKcm5fLWNYX3otRXRTWU94elp4MUVyT0ZkVU9MZUlXWVNIMXRDV0dlMW5icVk?oc=5) · newswire.com
- 2025-08-23 [BofA sees the replacement of people with process solving the 'productivity paradox,' because 'A process is almost free and it's replicable for eternity' - Fortune](https://news.google.com/rss/articles/CBMirgFBVV95cUxNcUVEb19vR2FMdFlDOXdGMjBFTXpaUGpMNkZlNjE5NXVzakU3dGxtUktVSnViVjV6N0RrYlNTNFh4M2lKa0txTGVJZndpNkJnMXU1ZVIxeTF3alhfRS1jakxfb3FMVzdIUF9rblNkYUVLdnVqU0xtMC0yVG9JNW9TVTR0SzdSdWlzTjIxekpmc2Q3UEtROXAxN0R1aDJfU3ZmYmktcHJwcHV1QlRlOUE?oc=5) · Fortune
- 2017-05-17 [First Sound Bank Promotes Lisa Cleary to Executive Vice President and Chief Credit Officer - PR Newswire](https://news.google.com/rss/articles/CBMi3wFBVV95cUxPdWFhRjJYdU12RWN0N1o1bTFLN3M3Nk9TaThSdmlCYVNKOUVwMFdBeDVNazVOME1LZ3ZIT3RaUFZ6Sk94aU5kWkF6QWxvaXdNdTJWMnExN190VjRrU0w4dVdoUjQ0Z2VEZDJFN2lITk1mQ3JPZTI3Rkp4MVd3UTRSU3FUcWtqUHYwdXJIaHlCNTR3OWNaNWJxOXJabUIwR0dGUGo1dUw0Zy1RbFZDYnBSR1ZFZ0otNk1Md2xNOERpc0toOWFla1FqUzA4MjFrdmx1eks5dDlldXRnd0o5NzVN?oc=5) · PR Newswire
- 2009-06-03 [Red Robin Gourmet Burgers Announces Approval for 2010 New Restaurant Development, and Appointment of Marcus "Marc" Zanner to Its Board of Directors - Red Robin Gourmet Burgers, Inc. (RRGB)](https://news.google.com/rss/articles/CBMiuwFBVV95cUxQR3JiVmh6elFBUndyN05DQ1otTWVXTkxZSEJaMzFrcXpEZDJhZ1BuM21KNjVnUF9ueGUwbGtHSnVKVWxkWW9wZHMtLWVtN0tiRGVlWGkydERIeGwwVExJTmZnZTRsN0ZtdmtRNGRPdEU1QzRydS12TzRUU3c4MnROWnY5ZTdZa1dqR1JjbUJYTTBLLVV0S3RBRWRPdjhnZG44NFRGUlkxOHV2cmFGeWtIZ29hX1FXb200WTFV?oc=5) · Red Robin Gourmet Burgers, Inc. (RRGB)
- 2016-05-29 [George Brace Obituary (1940 - 2016) - Seattle, WA - The Seattle Times - legacy.com](https://news.google.com/rss/articles/CBMikgFBVV95cUxOLXNTZVd4UUgzTnpHMWxBeXU5WEtEQWFkZUVvV1JhNGQzUjRxODZyNVJaNzhqYnVfVzA5bzJKR0kyLWNPWmZabkNLSmF1TTJOYWpaeHd0b1FCN3piTFRDTWdUclUtU1FDaDhPamxFYUZPM0VrLWZ3VU1ldGhnekVhR25FYzRJNG9PcUZEX1dZNDN4QQ?oc=5) · legacy.com
- 2021-10-15 [Bank CEOs find common ground in Branson over glasses of wine, strike a deal - The Business Journals](https://news.google.com/rss/articles/CBMinwFBVV95cUxNV3daamFpRGhLY1M0WlVrMWl6NENTZ0dncnhMc3haNklxNzlnQVVubzZpZzYxbS1MNzVqeGVVZjhQbjh6czhkZmtpd09jNFhxTEIyTnRKWW5XbXFIQ0htRVR2b1Znd1NxWVlsMFJGWlZndEVQWE44WnUzaS1kZUZVeFRVeEV0MGJSeHotLXlJb3I0Z191UG15UHkzTS1UMnM?oc=5) · The Business Journals

## How to verify

- Page: https://getbookiq.com/bank-desk/#bank=58437 (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/5.json (key "58437", 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