# CERTUSBANK NATIONAL ASSN
EASLEY, SC · FDIC certificate 59028 · asset band $300M-1B · latest filing 2015-09 · stopped filing (departed)

**Verdict on the desk:** this could be *credit-stressed*. Composite score 11 (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 | $877.1M | |
| Deposits | $844.0M | |
| Loans and leases | $388.4M | |
| Total equity | $821,000 | |
| Loans / deposits | 46.02% (p6 of band) | 82.48% |
| Liquid assets / assets | 47.62% (p88 of band) | |
| Uninsured deposits / deposits | 13.12% (p23 of band) | 19.89% |
| Brokered deposits | 0.00% | |
| Wholesale funding | 0.00% (p6 of band) | |
| FHLB advances / assets | 0.00% | |
| Tier 1 leverage | 0.08% (p0 of band) | 10.12% |
| Unrealized securities loss / equity | 0.00% (p16 of band) | 1.17% |
| AOCI / equity | 346.41% (p100 of band) | |
| ROA (annualized) | -8.72% (p0 of band) | 0.92% |
| Net interest margin | 2.99% (p15 of band) | 3.59% |
| Efficiency ratio | 526.31% (p100 of band) | |
| Noncurrent loans | 5.31% (p98 of band) | 0.75% |
| Net charge-offs (annualized) | 0.46% (p97 of band) | |
| Reserve coverage of noncurrent | 0.00% | |
| Real estate % of loans | 72% | |
| Construction % of loans | 7772.35% (p100 of band) | |
| Auto loans | $1.1M (0.29% of loans; DQ 2.23%, NCO 0.00%) | |
| Loans to nondepository financials | $0 (0% of equity) (p44 of band) | |
| Deposits YoY | -39.4% | |
| Employees | 240 | |

## Flags firing in the latest filing

- **leverage <7%** (`cap_low`)
- **leverage <5%** (`cap_critical`)
- **losing money** (`earn_negative`)
- **expense ratio p90** (`earn_efficiency`)
- **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 | 3 | noncurrent p90, reserve under noncurrent, construction >100% equity |  |
| 2011-06 | 3 | NIM <2.5% | construction >100% equity |
| 2011-09 | 2 |  | NIM <2.5% |
| 2011-12 | 3 | capital falling |  |
| 2012-03 | 5 | losing money, expense ratio p90 |  |
| 2012-06 | 5 |  |  |
| 2012-09 | 7 | deposits shrinking, assets shrinking |  |
| 2012-12 | 5 |  | deposits shrinking, assets shrinking |
| 2013-03 | 6 | charge-offs p90 |  |
| 2013-06 | 6 |  |  |
| 2013-09 | 6 |  |  |
| 2013-12 | 7 | assets shrinking |  |
| 2014-03 | 7 | deposits shrinking | capital falling |
| 2014-06 | 8 | construction >100% equity, uninsured deposits leaving | charge-offs p90 |
| 2014-09 | 11 | leverage <7%, capital falling, charge-offs p90 |  |
| 2014-12 | 13 | leverage <5% |  |
| 2015-03 | 12 |  | uninsured deposits leaving |
| 2015-06 | 11 |  | capital falling |
| 2015-09 | 11 |  |  |

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

- nothing found for that search

## How to verify

- Page: https://getbookiq.com/bank-desk/#bank=59028 (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/20.json (key "59028", 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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