# INDEPENDENCE BANK OF GEORGIA
BRASELTON, GA · FDIC certificate 58736 · asset band <$300M · latest filing 2016-09 · stopped filing (departed)

**Verdict on the desk:** this could be *funding-stretched*. 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 | $189.7M | |
| Deposits | $156.5M | |
| Loans and leases | $151.1M | |
| Total equity | $24.4M | |
| Loans / deposits | 95.43% (p86 of band) | 75.30% |
| Liquid assets / assets | 19.51% (p23 of band) | |
| Uninsured deposits / deposits | 28.37% (p89 of band) | 14.23% |
| Brokered deposits | 0.00% | |
| Wholesale funding | 4.48% (p64 of band) | |
| FHLB advances / assets | 4.48% | |
| Tier 1 leverage | 12.80% (p73 of band) | 10.87% |
| Unrealized securities loss / equity | 1.56% (p49 of band) | 1.65% |
| AOCI / equity | 1.10% (p60 of band) | |
| ROA (annualized) | 0.86% (p48 of band) | 0.88% |
| Net interest margin | 3.99% (p69 of band) | 3.67% |
| Efficiency ratio | 65.63% (p34 of band) | |
| Noncurrent loans | 0.00% (p7 of band) | 0.69% |
| Net charge-offs (annualized) | 0.00% (p44 of band) | |
| Reserve coverage of noncurrent | – | |
| Real estate % of loans | 88% | |
| Construction % of loans | 136.06% (p98 of band) | |
| Auto loans | $237,000 (0.16% of loans; DQ 0.00%, NCO 0.00%) | |
| Loans to nondepository financials | $0 (0% of equity) (p48 of band) | |
| Deposits YoY | 2.1% | |
| Employees | 27 | |

## Flags firing in the latest filing

- **construction >100% equity** (`conc_construction`)

## Warning timeline

| Quarter | Score | Flags that first fired | Flags that cleared |
|---|---|---|---|
| 2011-03 | 0 |  |  |
| 2011-06 | 0 |  |  |
| 2011-09 | 1 | capital falling |  |
| 2011-12 | 0 |  | capital falling |
| 2012-03 | 0 |  |  |
| 2012-06 | 1 | capital falling |  |
| 2012-09 | 0 |  | capital falling |
| 2012-12 | 0 |  |  |
| 2013-03 | 1 | capital falling |  |
| 2013-06 | 0 |  | capital falling |
| 2013-09 | 0 |  |  |
| 2013-12 | 1 | capital falling |  |
| 2014-03 | 0 |  | capital falling |
| 2014-06 | 0 |  |  |
| 2014-09 | 0 |  |  |
| 2014-12 | 0 |  |  |
| 2015-03 | 0 |  |  |
| 2015-06 | 1 | capital falling |  |
| 2015-09 | 0 |  | capital falling |
| 2015-12 | 0 |  |  |
| 2016-03 | 0 |  |  |
| 2016-06 | 1 | construction >100% equity |  |
| 2016-09 | 1 |  |  |

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

- 2016-11-19 [Pinnacle Financial Corporation completes acquisition of Independence Bank of Georgia - Online Athens](https://news.google.com/rss/articles/CBMi3wFBVV95cUxPZkJEUXFmb2hBbGl0akVVeWN4S3dGbEE3bHFTZ1Z0RndCaGNWRVRFUG5MVy1aVG5kWlNUbnhibTNsa19kYklHRklYZ0duOXktRE1hVkNWUW1MNkl3TXhCTDhUTkFnaXQwa2NDTmlLM1ZlU1c5S2luVzBhMm1yQWNiRkZBT29wcG1OV3Y3LURTSm40a2lDSDJvVVJXVnVYczhmZGpXekVSQkVOc0FpZTRWUWUta3Rzc0VVOGxEbVJRTDZvdzdVZm4tbHVhU0tRNUpiRmZ2d09mUUdfQld1MnVj?oc=5) · Online Athens
- 2017-08-27 [Pinnacle acquires Independence Bank of Georgia - Gainesville Times](https://news.google.com/rss/articles/CBMijgFBVV95cUxNX0lXNzhCZ3QxdndlemVvUWwyOTk5N0Nway1YREI2UWZVZG5yOEljbEVHOHNvSGx4WEtISW53LUtFOHdzdndad0s4MnZHVXcyUTRhNy1sdC0zYzh0MTZjRFFINGwyNkdXWkJEOElxMzZLb1U1cEtLbjZZNjZwY0t1UWVDTGxId0gzUjl5a3d3?oc=5) · Gainesville Times

## How to verify

- Page: https://getbookiq.com/bank-desk/#bank=58736 (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/48.json (key "58736", 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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