# PISGAH COMMUNITY BANK
ASHEVILLE, NC · FDIC certificate 58701 · asset band <$300M · latest filing 2013-03 · FAILED

**Verdict on the desk:** this could be *credit-stressed*. Composite score 12 (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 | $21.9M | |
| Deposits | $21.2M | |
| Loans and leases | $13.5M | |
| Total equity | $561,000 | |
| Loans / deposits | 59.19% (p36 of band) | 66.54% |
| Liquid assets / assets | 33.40% (p41 of band) | |
| Uninsured deposits / deposits | 3.80% (p10 of band) | 11.77% |
| Brokered deposits | 0.00% | |
| Wholesale funding | 0.00% (p19 of band) | |
| FHLB advances / assets | 0.00% | |
| Tier 1 leverage | 2.48% (p1 of band) | 10.04% |
| Unrealized securities loss / equity | 0.00% (p11 of band) | 2.48% |
| AOCI / equity | 0.00% (p79 of band) | |
| ROA (annualized) | -0.02% (p10 of band) | 0.72% |
| Net interest margin | 2.10% (p4 of band) | 3.55% |
| Efficiency ratio | 1037.50% (p100 of band) | |
| Noncurrent loans | 19.04% (p100 of band) | 1.19% |
| Net charge-offs (annualized) | 1.58% (p98 of band) | |
| Reserve coverage of noncurrent | 34.28% | |
| Real estate % of loans | 87% | |
| Construction % of loans | 270.23% (p100 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 | -19.7% | |
| Employees | 5 | |

## Flags firing in the latest filing

- **leverage <7%** (`cap_low`)
- **leverage <5%** (`cap_critical`)
- **losing money** (`earn_negative`)
- **expense ratio p90** (`earn_efficiency`)
- **NIM <2.5%** (`earn_nim`)
- **noncurrent p90** (`aq_noncurrent`)
- **charge-offs p90** (`aq_nco`)
- **reserve under noncurrent** (`aq_reserve`)
- **construction >100% equity** (`conc_construction`)
- **deposits shrinking** (`shrink_deposits`)
- **assets shrinking** (`shrink_assets`)

## Warning timeline

| Quarter | Score | Flags that first fired | Flags that cleared |
|---|---|---|---|
| 2011-03 | 10 | brokered >10%, wholesale funding >15%, leverage <7%, leverage <5%, losing money, NIM <2.5%, noncurrent p90, reserve under noncurrent, construction >100% equity |  |
| 2011-06 | 9 |  | wholesale funding >15% |
| 2011-09 | 10 | capital falling, charge-offs p90 | brokered >10% |
| 2011-12 | 9 | expense ratio p90 | capital falling, charge-offs p90 |
| 2012-03 | 10 | deposits shrinking, assets shrinking | expense ratio p90 |
| 2012-06 | 11 | charge-offs p90 |  |
| 2012-09 | 12 | capital falling |  |
| 2012-12 | 12 | expense ratio p90 | capital falling |
| 2013-03 | 12 |  |  |

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

- 2015-06-03 [Five involved in Seven Falls scheme sentenced, ordered to pay millions in restitution - Carolina Public Press](https://news.google.com/rss/articles/CBMiwAFBVV95cUxPWmx6SE1KTmZrZ1UySzdoNnJOSUhyWGZDM1lsUGVYa29jS1ZORTFudmhmMFFCcDAxMVRNcXFmOFh2cklielBlNGpZSVdFYVh1TnAwcklqWVZrbV9xWndWWFBQRTl4a204QWprcURGTmIxZGVCU3FGZGwtR1I3MGZYQWRBcFUzYWRyTEY2OEdQWXB5ODdCQ0daUy1pWE56R1dQRE5pRmdxbmJiNlVydnQxVVJraWY5Y3JuX0RhZzgyYUc?oc=5) · Carolina Public Press
- 2026-02-18 [List Of Failed Banks: 2009-2026 - Bankrate](https://news.google.com/rss/articles/CBMiZEFVX3lxTFAtbi1TaWMteGEyOHdQbnlXd0tPRzM2WFJQZjdPdzViQTZFLVVHODJRTEdqRWhnMkxIOG5xMUVSWU5iNHZSbVpnQ2Z4TWdiMDVwN2NTdUNGd3dXZ2tGcGZ2VWVJRnM?oc=5) · Bankrate
- 2024-02-09 [Answer Man: Is Seven Falls failed developer Keith Vinson still in prison? What do political mailers cost? - Asheville Watchdog](https://news.google.com/rss/articles/CBMixgFBVV95cUxORDR3bXZZQzcySklvM0Z5Z05ibUMzV2lvaDVQQzNDSGZTUFUtdUVhbzE2R3hNZEExSXdTS2l0anJ0U2dpV1RPcUpmN3lldS1VMGtObHBWam80N2FNdWF1RzY3SWl0RnVYZ3doNGs4NnpsdUEzN3dYQWRNQl9HcXY5TldEVVp5U1FvaDNDS2hWNXo3bVdWT3BBYy0zLS1wSG5xVWd2XzB2SzNBcmRWWmRScjZxWDBkbFo2OElsazluM3Y4ak5KeWc?oc=5) · Asheville Watchdog
- 2015-06-02 [3 more to go to prison in Seven Falls case - The Asheville Citizen Times](https://news.google.com/rss/articles/CBMiogFBVV95cUxNMGt3aFhTX2RwOXM3RUl1ajNvbGZFUG5sYUlpQVg0RDlIeGN4MjlrMlZXdUpMN000dl90OVJjVE5Kd3Q4X2s2S0N5aEJCX0d3S01kUWgtRERZQUQ3OUZiUHpXOGxyVUpCY1lQU3UzR19OSC03aVBZU2N6Wkt0emppckVWRjlyeXVSbW1TYk1mdXpZb1I1VURfby1yN2VWcm5JTWc?oc=5) · The Asheville Citizen Times
- 2017-04-08 [Plaza Bank confirms plans to take over 1st Commerce Bank - Las Vegas Review-Journal](https://news.google.com/rss/articles/CBMinAFBVV95cUxPNnpTTVltekZQeG5TQkY0Q3hHcTFFY0NldUE5WkZmR0pEbElaUkhPdVc5SDNIbDRxSWo0XzhJU0NkTUpjQmNKMThoWnhYb1BuSGdMeENJemNFRzhjcGpBMXh4TnRlOXp5YTJ2bUZuXzFhTGdGUVE3YzlVLUx0bElRb3NMWWp5VVdIS2dlWE5FU0dPQmRmQ2ExUEFFazU?oc=5) · Las Vegas Review-Journal
- 2015-04-23 [Seven Falls conspirators to be sentenced June 2 - BlueRidgeNow.com](https://news.google.com/rss/articles/CBMisAFBVV95cUxPaU5FNHYtNWdjMWlhRHlSZnZnZDIzNFJfQnA4N3pab1B0eEtrazAxSk5KSy1aYnk4T2ZoNGx6bFIzYmwtdDlYZkpKVElSUG5MaW5YZWMxTjNJX01OMGoxM09KMm1aQVg4MVFxd0pKTFBIVDZPYW9fa0ZIc2UtV2FFVHpfM2lIdkgwaFFBZkVZTm1wMGxHa2pTWmlUYk9CQm1weUtCejNOc1Vqdm5HTjdiNg?oc=5) · BlueRidgeNow.com
- 2013-05-15 [Regulators shutter banks owned by Sunrise's parent company - The Business Journals](https://news.google.com/rss/articles/CBMingFBVV95cUxQZ0NUNVpjS3pBdHdlSHdNODRSaGdyT2Q3bXk3TjFPWmxLSnJsMHdnckt0MU1BMTFURUt4Q1EwQTZqd0R5QW5PQTRucnd4djdMblRrNERjTndBdW5POFkwYVlGaGJxRC1qYXBIWW1sM0tnSmJOU2ZLbVFfa2pGOE90QTFMYXowV0pRZEY4VVdWVUFOZ1F6NlFOSER5MGxtdw?oc=5) · The Business Journals
- 2024-12-17 [Biden commutes sentence of Seven Falls developer Keith Vinson; convicted of wire fraud - The Asheville Citizen Times](https://news.google.com/rss/articles/CBMizwFBVV95cUxNanVnZDhPM1psWVFaazd2OXAtdTlIWFp3R1RFLWtNOFJJSGdCS1d6WjNrSmRJOVFxNXFLMUZhVUdmb1Vpb3BkTXJpQU5QeTRVV1dlUmFISHZxM0pMZTZYR2VvWXNNa3pIdy0teUNMOVZFWTMxR25FX0NCQ284bV9OaHNnOGlDa290elFENWpaWGdWeTE2aEV4MF9BMTBmT0d1UWRaUzdTV0F3M1JRLTVkZXlhT2txTk9PQ3NINExuaW1vNEt6dlh4MkhfWmNHRWc?oc=5) · The Asheville Citizen Times

## How to verify

- Page: https://getbookiq.com/bank-desk/#bank=58701 (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/13.json (key "58701", 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