# WATERMARK BANK
OKLAHOMA CITY, OK · FDIC certificate 59148 · asset band $300M-1B · latest filing 2026-06 · live

**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 | $450.5M | |
| Deposits | $387.4M | |
| Loans and leases | $381.0M | |
| Total equity | $57.0M | |
| Loans / deposits | 97.12% (p85 of band) | 82.04% |
| Liquid assets / assets | 14.29% (p15 of band) | |
| Uninsured deposits / deposits | 32.64% (p74 of band) | 25.97% |
| Brokered deposits | 12.46% | |
| Wholesale funding | 12.46% (p83 of band) | |
| FHLB advances / assets | 0.00% | |
| Tier 1 leverage | 13.29% (p81 of band) | 10.81% |
| Unrealized securities loss / equity | -0.75% (p88 of band) | -8.10% |
| AOCI / equity | 0.06% (p83 of band) | |
| ROA (annualized) | 1.34% (p54 of band) | 1.28% |
| Net interest margin | 4.26% (p71 of band) | 3.91% |
| Efficiency ratio | 55.33% (p31 of band) | |
| Noncurrent loans | 0.00% (p4 of band) | 0.43% |
| Net charge-offs (annualized) | -0.01% (p7 of band) | |
| Reserve coverage of noncurrent | – | |
| Real estate % of loans | 58% | |
| Construction % of loans | 77.78% (p77 of band) | |
| Auto loans | $43,000 (0.01% of loans; DQ 0.00%, NCO 0.00%) | |
| Loans to nondepository financials | $5.6M (10% of equity) (p97 of band) | |
| Deposits YoY | 29.7% | |
| Employees | 34 | |

## Flags firing in the latest filing

- **brokered >10%** (`liq_brokered`)

## Warning timeline

| Quarter | Score | Flags that first fired | Flags that cleared |
|---|---|---|---|
| 2019-03 | 3 | uninsured deposits >50%, losing money, expense ratio p90 |  |
| 2019-06 | 3 |  |  |
| 2019-09 | 4 | capital falling |  |
| 2019-12 | 5 | brokered >10% |  |
| 2020-03 | 4 |  | brokered >10% |
| 2020-06 | 6 | loans exceed deposits, run vulnerability |  |
| 2020-09 | 4 |  | expense ratio p90, loans exceed deposits |
| 2020-12 | 6 | loans exceed deposits, liquid assets <10% |  |
| 2021-03 | 2 |  | losing money, capital falling, loans exceed deposits, liquid assets <10% |
| 2021-06 | 3 | loans exceed deposits |  |
| 2021-09 | 2 | capital falling | run vulnerability, loans exceed deposits |
| 2021-12 | 3 | run vulnerability |  |
| 2022-03 | 1 | loans exceed deposits | uninsured deposits >50%, capital falling, run vulnerability |
| 2022-06 | 1 |  |  |
| 2022-09 | 1 | capital falling | loans exceed deposits |
| 2022-12 | 1 |  |  |
| 2023-03 | 1 |  |  |
| 2023-06 | 1 |  |  |
| 2023-09 | 1 |  |  |
| 2023-12 | 1 |  |  |
| 2024-03 | 3 | noncurrent p90, reserve under noncurrent, uninsured deposits leaving | capital falling |
| 2024-06 | 1 | charge-offs p90 | noncurrent p90, reserve under noncurrent, uninsured deposits leaving |
| 2024-09 | 1 |  |  |
| 2024-12 | 2 | capital falling |  |
| 2025-03 | 0 |  | charge-offs p90, capital falling |
| 2025-06 | 0 |  |  |
| 2025-09 | 1 | brokered >10% |  |
| 2025-12 | 2 | capital falling |  |
| 2026-03 | 1 |  | capital falling |
| 2026-06 | 1 |  |  |

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

- 2018-06-07 [Newly chartered Watermark Bank to open - journalrecord.com](https://news.google.com/rss/articles/CBMiggFBVV95cUxPaFRHVGhVRjVXc0k2c1VTTFhFOFFmd0VzY3lpckd6dXZOZFhvZlJZbG1HamlMY3JLLXhiSWxILXE0UXdiMHlMb0JiTFUwS3psZjMyYndMN0ZPNVNEM0FjOEN0UEtuMy1HdFg4MV9hQWhDQUpqbTVHblNsTjFHQTZwR2F3?oc=5) · journalrecord.com
- 2019-01-19 [Watermark breaks a drought: New bank first locally owned charter to open in a decade - The Oklahoman](https://news.google.com/rss/articles/CBMi7AFBVV95cUxOMVlJcFJoMm1xejVZUVNXa3RoUkY3OTdRaDVINjBueGdpQnFoR1o2ZmNrR2lhaGVoYnVYbEo5ZGtqREJFbnYzVTFhSmdmWnZacDNPblhlZ3Z2Z21INUV0dnlDeW1aMExTNE9wbm4yay1sSUFEdjU2ZWgzVUNUd1ZUbXhvdGJwVGxOcEF5QldrX296MXFsZEZlYlNLejhVOUtzbXdkR0oxaVZDUEhIZWdsdHJ5RW9WZ2llazJidzRKaUhZblBnaHJnZE05WUtabFp6c252aHpYNmtIS3ZNWFhMa1JvdlpOTTdPX3hwRA?oc=5) · The Oklahoman
- 2021-02-24 [Susan Winchester, Jennifer Grigsby nominated for new cabinet positions in latest shuffle - nondoc.com](https://news.google.com/rss/articles/CBMiugFBVV95cUxNUUQ1R3NjT0R0YTJxQXJiU1EyU2xHaFpPbTNKZzlrUTB3ZDhqRUFBWlYwT3JqSmRvRk5BUXgxWFRqRnhiclRQd19hZmNzNUdOZEpzaFNzWHhub08tbjBCMlJPWElfb0tSTWFQYUdCdHJxU25KdDlzdkpaN0hOSW1aSWFVbnNXbzZseU1JX3VyLVlMcm5fQW5paW1yTnBId3gzTmh4ekN5T0ZQeGdiTFNleFk1d1hfMkRuVkE?oc=5) · nondoc.com
- 2018-12-20 [Banner year for de novos - American Banker](https://news.google.com/rss/articles/CBMibEFVX3lxTFBqZXFDRGJOX2Q1NWp0Q0dnZURSdF9qNGpDMm8xbGoxaEcwWE5oTXM4RVh6M2hmVjRRcjB4cDUyNzBtbjRNckRoX0JkQzNxNlNMVHVKYm9udUtDdW8zRWNER1ZBQUczTDFVY0h2Uw?oc=5) · American Banker
- 2025-07-07 [Carissa Perkins, Watermark Bank - journalrecord.com](https://news.google.com/rss/articles/CBMid0FVX3lxTFBpZnYyYzczT3djc3JscTRCQWZaM3VXSm9oUnV2dUJXSklFWXZJYnJOck0xV20zb1R3Yzl0c2Q1UDAyX3VOSTBabE5HSDNFS2xadEVKUTVwcGJNQWdoZXVRSGtoX2RmNkdtVVgtM0RaVUJ1eDQya1pR?oc=5) · journalrecord.com
- 2020-05-02 [These business owners couldn't get a forgivable loan at first. Then it was easy. - CNBC](https://news.google.com/rss/articles/CBMiqAFBVV95cUxONkxZQW9YYTFURzBuX3hEZVdvWHZxbUhyeGZGX2tZeTJnaE9SOEsyLVFjMXFpVWxOS05aOEk3Z3ZRb2tpNnFYVE1UeENYa1dEVDBWRExYOW1keGJKU0NObUxLOWpZMEtNTHNrQ2RRSGJRcVNpUElpelAzMmtxNVFQTWVMc2lTTC1Oc3ZCbV9HOTdmM1Mta1B4THN3VlJnUFMyQm9lTUUtMDLSAa4BQVVfeXFMTTVhdEdpRWh5N3ZoelhoeWpyUU9wTkNCVEtyVWtvNHZZRTV0N2FENUFWZDVRakxOd005Yk1aNTRwNExybFkxeVVmTWRxQVplZ3pZeVZ2bndjaS01QWpWMGhjNlBiQmo0WGN2dnBMV2lQRmFxMGpfRmtQUERpQU03N0Rac2hHaDZGanIybWltWk9kV24wdV80TVNacXZnczRPTE9KNUFORG81ekFhS1F3?oc=5) · CNBC
- 2019-07-09 [New banks of 2019 - American Banker](https://news.google.com/rss/articles/CBMiZkFVX3lxTE16UnZwTjNGM24ybTBuOHZsdFBKWFg4SXJSSTdrVDNlVEs0eXI4UHgwOUd0dEttZTlBNnlDSGc4X0sxMUhudGlVNThLTERDbTB2NGhtZzVUNlBMMUs5YUl3cXp2U2RsZw?oc=5) · American Banker
- 2025-07-14 [Sheila Heim, Watermark Bank - journalrecord.com](https://news.google.com/rss/articles/CBMickFVX3lxTE1OaV9MQzhvMHVhMHJWRE4wc1I0R1JNNy1LeExxQnBsSkRmTldjTXBnZkNNMUVxclBpazF1eWhnWWtPUm9XNUM5WDFIcHh1TGFDYUMxblhPb3pMNllfOGdVX01ic0pLR0owTFJlQ29TbThrQQ?oc=5) · journalrecord.com

## How to verify

- Page: https://getbookiq.com/bank-desk/#bank=59148 (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/12.json (key "59148", 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