# LOCUS BANK INC
RICHMOND, VA · FDIC certificate 58658 · asset band $300M-1B · latest filing 2026-06 · live

**Verdict on the desk:** this could be *funding-stretched*. 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 | $359.4M | |
| Deposits | $259.3M | |
| Loans and leases | $295.3M | |
| Total equity | $74.1M | |
| Loans / deposits | 113.21% (p98 of band) | 82.04% |
| Liquid assets / assets | 13.48% (p13 of band) | |
| Uninsured deposits / deposits | 26.84% (p54 of band) | 25.97% |
| Brokered deposits | 15.83% | |
| Wholesale funding | 22.51% (p95 of band) | |
| FHLB advances / assets | 6.68% | |
| Tier 1 leverage | 21.46% (p97 of band) | 10.81% |
| Unrealized securities loss / equity | -1.56% (p82 of band) | -8.10% |
| AOCI / equity | -0.22% (p57 of band) | |
| ROA (annualized) | 1.26% (p49 of band) | 1.28% |
| Net interest margin | 3.58% (p32 of band) | 3.91% |
| Efficiency ratio | 60.57% (p48 of band) | |
| Noncurrent loans | 0.62% (p59 of band) | 0.43% |
| Net charge-offs (annualized) | -0.01% (p9 of band) | |
| Reserve coverage of noncurrent | 93.47% | |
| Real estate % of loans | 64% | |
| Construction % of loans | 47.82% (p54 of band) | |
| Auto loans | $0 (0.00% of loans; DQ –, NCO 0.00%) | |
| Loans to nondepository financials | $0 (0% of equity) (p45 of band) | |
| Deposits YoY | 10.9% | |
| Employees | 36 | |

## Flags firing in the latest filing

- **loans exceed deposits** (`liq_ltd`)
- **brokered >10%** (`liq_brokered`)
- **wholesale funding >15%** (`liq_wholesale`)
- **capital falling** (`cap_falling`)
- **reserve under noncurrent** (`aq_reserve`)

## Warning timeline

| Quarter | Score | Flags that first fired | Flags that cleared |
|---|---|---|---|
| 2011-03 | 3 | brokered >10%, wholesale funding >15%, construction >100% equity |  |
| 2011-06 | 3 |  |  |
| 2011-09 | 4 | reserve under noncurrent |  |
| 2011-12 | 4 |  |  |
| 2012-03 | 5 | capital falling |  |
| 2012-06 | 5 | noncurrent p90 | capital falling |
| 2012-09 | 5 | deposits shrinking, uninsured deposits leaving | reserve under noncurrent, noncurrent p90 |
| 2012-12 | 4 |  | construction >100% equity |
| 2013-03 | 4 |  |  |
| 2013-06 | 4 | reserve under noncurrent, construction >100% equity | deposits shrinking, uninsured deposits leaving |
| 2013-09 | 5 | capital falling |  |
| 2013-12 | 3 |  | wholesale funding >15%, reserve under noncurrent |
| 2014-03 | 4 | reserve under noncurrent |  |
| 2014-06 | 3 |  | reserve under noncurrent |
| 2014-09 | 5 | noncurrent p90, reserve under noncurrent |  |
| 2014-12 | 4 | uninsured deposits leaving | capital falling, noncurrent p90 |
| 2015-03 | 3 |  | reserve under noncurrent |
| 2015-06 | 5 | wholesale funding >15%, capital falling, reserve under noncurrent | uninsured deposits leaving |
| 2015-09 | 4 |  | capital falling |
| 2015-12 | 3 |  | reserve under noncurrent |
| 2016-03 | 3 |  |  |
| 2016-06 | 3 |  |  |
| 2016-09 | 7 | capital falling, noncurrent p90, reserve under noncurrent, uninsured deposits leaving |  |
| 2016-12 | 7 | charge-offs p90 | construction >100% equity |
| 2017-03 | 5 |  | noncurrent p90, uninsured deposits leaving |
| 2017-06 | 4 |  | capital falling |
| 2017-09 | 5 | construction >100% equity |  |
| 2017-12 | 5 | capital falling | charge-offs p90 |
| 2018-03 | 5 |  |  |
| 2018-06 | 4 |  | construction >100% equity |
| 2018-09 | 4 | noncurrent p90 | capital falling |
| 2018-12 | 4 |  |  |
| 2019-03 | 6 | losing money, NIM <2.5%, charge-offs p90 | noncurrent p90 |
| 2019-06 | 6 | capital falling | losing money |
| 2019-09 | 6 | noncurrent p90 | capital falling |
| 2019-12 | 5 |  | charge-offs p90 |
| 2020-03 | 6 | capital falling, losing money | NIM <2.5% |
| 2020-06 | 6 | loans exceed deposits | noncurrent p90 |
| 2020-09 | 5 | charge-offs p90 | capital falling, losing money |
| 2020-12 | 5 |  |  |
| 2021-03 | 3 |  | loans exceed deposits, charge-offs p90 |
| 2021-06 | 4 | uninsured deposits >50% |  |
| 2021-09 | 4 |  |  |
| 2021-12 | 3 |  | wholesale funding >15% |
| 2022-03 | 4 | charge-offs p90 |  |
| 2022-06 | 5 | loans exceed deposits, deposits shrinking | brokered >10% |
| 2022-09 | 7 | wholesale funding >15%, run vulnerability |  |
| 2022-12 | 7 | capital falling | reserve under noncurrent |
| 2023-03 | 5 | reserve under noncurrent | charge-offs p90, deposits shrinking, capital falling |
| 2023-06 | 6 | brokered >10% |  |
| 2023-09 | 6 | capital falling | brokered >10% |
| 2023-12 | 7 | brokered >10%, noncurrent p90, uninsured deposits leaving | uninsured deposits >50%, run vulnerability |
| 2024-03 | 6 |  | noncurrent p90 |
| 2024-06 | 6 | noncurrent p90 | capital falling |
| 2024-09 | 5 |  | noncurrent p90 |
| 2024-12 | 4 |  | uninsured deposits leaving |
| 2025-03 | 5 | capital falling |  |
| 2025-06 | 5 | charge-offs p90 | capital falling |
| 2025-09 | 4 |  | charge-offs p90 |
| 2025-12 | 5 | uninsured deposits leaving |  |
| 2026-03 | 6 | capital falling |  |
| 2026-06 | 5 |  | uninsured deposits leaving |

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

- 2024-09-24 [BofA, Truist, Wells Fargo lose ground in local deposit rankings - Richmond BizSense](https://news.google.com/rss/articles/CBMipAFBVV95cUxORmFBc1MyT2hmalRSU2ZPWTY2WnI1anZ0b2ExMUhHT3E5b0lnd0ZXSzJ3UTlqTFZ4UlhWdVdiVmtwVThNSUwxTW41V3JrRmN4QzJXRVlzNy1jS1lYU3lFaGdFdVBFdEFhcUNwcU5aSHlyLUw5X29iWTluQmpNMkVQTVNyelNiXzV0aDJuUG1sa0dPMVhKMWVxbGFUcDg3ekFiUEpRWA?oc=5) · Richmond BizSense
- 2025-07-10 [The Docket: Local court roundup for 7.10.25 - Richmond BizSense](https://news.google.com/rss/articles/CBMiiwFBVV95cUxNelNBbF95dk5ZSGduNU9NM0lUenhMOXMtVmQ2WExVN1hiZ2VSQlhJTkJNUk96NkhDN3dCOEpsNW1BbnhRc3JCU0Y0emNSOHdaZ29fZ1ZBTkhPSVI5V1lZRVBUUk1RcEZEOG5sX2pyNFdKM2IxclZTX01zakIxdHh3RVI0b0h2bnlKZmlB?oc=5) · Richmond BizSense

## How to verify

- Page: https://getbookiq.com/bank-desk/#bank=58658 (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/34.json (key "58658", 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