# OLDTOWN BANK
WAYNESVILLE, NC · FDIC certificate 58561 · asset band <$300M · latest filing 2016-03 · 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 | $109.1M | |
| Deposits | $88.1M | |
| Loans and leases | $65.6M | |
| Total equity | $11.9M | |
| Loans / deposits | 73.33% (p51 of band) | 72.92% |
| Liquid assets / assets | 35.24% (p55 of band) | |
| Uninsured deposits / deposits | 6.79% (p17 of band) | 13.88% |
| Brokered deposits | 15.99% | |
| Wholesale funding | 24.24% (p98 of band) | |
| FHLB advances / assets | 8.25% | |
| Tier 1 leverage | 10.00% (p37 of band) | 10.70% |
| Unrealized securities loss / equity | 7.59% (p94 of band) | 1.19% |
| AOCI / equity | 1.89% (p86 of band) | |
| ROA (annualized) | -0.09% (p6 of band) | 0.83% |
| Net interest margin | 3.68% (p53 of band) | 3.64% |
| Efficiency ratio | 97.06% (p91 of band) | |
| Noncurrent loans | 1.70% (p76 of band) | 0.70% |
| Net charge-offs (annualized) | 0.09% (p81 of band) | |
| Reserve coverage of noncurrent | 88.80% | |
| Real estate % of loans | 95% | |
| Construction % of loans | 56.73% (p84 of band) | |
| Auto loans | $4,000 (0.01% of loans; DQ 0.00%, NCO 0.00%) | |
| Loans to nondepository financials | $0 (0% of equity) (p48 of band) | |
| Deposits YoY | -1.5% | |
| Employees | 17 | |

## Flags firing in the latest filing

- **brokered >10%** (`liq_brokered`)
- **wholesale funding >15%** (`liq_wholesale`)
- **losing money** (`earn_negative`)
- **expense ratio p90** (`earn_efficiency`)
- **reserve under noncurrent** (`aq_reserve`)

## Warning timeline

| Quarter | Score | Flags that first fired | Flags that cleared |
|---|---|---|---|
| 2011-03 | 4 | brokered >10%, wholesale funding >15%, losing money, reserve under noncurrent |  |
| 2011-06 | 4 |  |  |
| 2011-09 | 5 | capital falling |  |
| 2011-12 | 4 |  | capital falling |
| 2012-03 | 3 |  | losing money |
| 2012-06 | 3 |  |  |
| 2012-09 | 3 |  |  |
| 2012-12 | 4 | charge-offs p90 |  |
| 2013-03 | 4 | capital falling | charge-offs p90 |
| 2013-06 | 3 |  | reserve under noncurrent |
| 2013-09 | 4 | reserve under noncurrent, uninsured deposits leaving | capital falling |
| 2013-12 | 3 |  | uninsured deposits leaving |
| 2014-03 | 3 | capital falling | reserve under noncurrent |
| 2014-06 | 4 | reserve under noncurrent |  |
| 2014-09 | 4 |  |  |
| 2014-12 | 4 | noncurrent p90 | capital falling |
| 2015-03 | 5 | charge-offs p90 |  |
| 2015-06 | 5 |  |  |
| 2015-09 | 3 |  | noncurrent p90, charge-offs p90 |
| 2015-12 | 3 |  |  |
| 2016-03 | 5 | losing money, expense ratio p90 |  |

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

- 2008-07-04 [David Bulko, Sr. Obituary Jul 4, 2008 - wellsfuneralhome.com](https://news.google.com/rss/articles/CBMiaEFVX3lxTE9ReDVGMXFwbTNrckZKTVo0RVJmNkY0TDFVbFc1QWw0VzRsUHVLTUx2bU80Vy1lbTNtaXdJVG1WT2NqSHkxSExJOTFDM2g5SVMwOV9LSE5nZXd0cEtmWE9xV2RldGRaVE9u?oc=5) · wellsfuneralhome.com
- 2018-01-18 [Powhatan bank finds new CEO - Richmond BizSense](https://news.google.com/rss/articles/CBMid0FVX3lxTE5iakdfUzVFR1BoT04tc0ZfRHZJaUtUbXE5NWppbWV2d0E4NmM0Ui04aF9od3ZucC1uc3RGODVwTlBrRW5sbGo4dGtDYXprdWtaNjJFWVVpanNIRnRRZmN5ZVYxRWFLcTdNOGYtNmdRRTYzTUFPYnVR?oc=5) · Richmond BizSense
- 2019-04-25 [Local bank CEO abruptly departs - Richmond BizSense](https://news.google.com/rss/articles/CBMifEFVX3lxTE5XM05xOTlGVGt2cWxNSFZRT015NlBTaEVHNUZBUkI4WWFGNzZtcjdTYnRYR0hQRzR5WGVlejNZTHhNT0F1TVhsQUdfci1PY19hOGdBeC1nSkR3RDRPT1lkaENMV1lxaWEwVHBlSnJmaERHQUF4Y2RCN1N6TUw?oc=5) · Richmond BizSense

## How to verify

- Page: https://getbookiq.com/bank-desk/#bank=58561 (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/1.json (key "58561", 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