# WATERFALL BANK
CLEARWATER, FL · FDIC certificate 59265 · asset band $300M-1B · latest filing 2026-06 · live

**Verdict on the desk:** this could be *run candidate*. Composite score 7 (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 | $409.9M | |
| Deposits | $330.3M | |
| Loans and leases | $380.1M | |
| Total equity | $52.8M | |
| Loans / deposits | 114.11% (p98 of band) | 82.04% |
| Liquid assets / assets | 5.36% (p1 of band) | |
| Uninsured deposits / deposits | 61.48% (p98 of band) | 25.97% |
| Brokered deposits | 0.00% | |
| Wholesale funding | 6.22% (p64 of band) | |
| FHLB advances / assets | 6.22% | |
| Tier 1 leverage | 12.64% (p76 of band) | 10.81% |
| Unrealized securities loss / equity | -1.78% (p81 of band) | -8.10% |
| AOCI / equity | -0.10% (p66 of band) | |
| ROA (annualized) | -0.03% (p3 of band) | 1.28% |
| Net interest margin | 3.38% (p23 of band) | 3.91% |
| Efficiency ratio | 95.61% (p97 of band) | |
| Noncurrent loans | 0.03% (p14 of band) | 0.43% |
| Net charge-offs (annualized) | 0.14% (p88 of band) | |
| Reserve coverage of noncurrent | 3165.00% | |
| Real estate % of loans | 83% | |
| Construction % of loans | 73.19% (p74 of band) | |
| Auto loans | $76,000 (0.02% of loans; DQ 0.00%, NCO 0.00%) | |
| Loans to nondepository financials | $0 (0% of equity) (p45 of band) | |
| Deposits YoY | 8.0% | |
| Employees | 49 | |

## Flags firing in the latest filing

- **loans exceed deposits** (`liq_ltd`)
- **uninsured deposits >50%** (`liq_uninsured`)
- **liquid assets <10%** (`liq_thin`)
- **capital falling** (`cap_falling`)
- **run vulnerability** (`liq_runrisk`)
- **losing money** (`earn_negative`)
- **expense ratio p90** (`earn_efficiency`)

## Warning timeline

| Quarter | Score | Flags that first fired | Flags that cleared |
|---|---|---|---|
| 2021-09 | 4 | uninsured deposits >50%, losing money, expense ratio p90, NIM <2.5% |  |
| 2021-12 | 4 |  |  |
| 2022-03 | 5 | capital falling |  |
| 2022-06 | 5 |  |  |
| 2022-09 | 5 |  |  |
| 2022-12 | 5 | loans exceed deposits | NIM <2.5% |
| 2023-03 | 4 |  | capital falling |
| 2023-06 | 5 | wholesale funding >15%, run vulnerability | expense ratio p90 |
| 2023-09 | 6 | liquid assets <10%, capital falling | wholesale funding >15% |
| 2023-12 | 7 | wholesale funding >15% |  |
| 2024-03 | 5 |  | losing money, wholesale funding >15% |
| 2024-06 | 4 |  | liquid assets <10% |
| 2024-09 | 4 |  |  |
| 2024-12 | 5 | liquid assets <10% |  |
| 2025-03 | 5 | losing money, expense ratio p90 | loans exceed deposits, liquid assets <10% |
| 2025-06 | 3 |  | losing money, expense ratio p90 |
| 2025-09 | 3 | loans exceed deposits | capital falling |
| 2025-12 | 3 |  |  |
| 2026-03 | 7 | liquid assets <10%, capital falling, losing money, expense ratio p90 |  |
| 2026-06 | 7 |  |  |

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

- 2021-10-25 [New community bank opens headquarters in Clearwater - The Business Journals](https://news.google.com/rss/articles/CBMioAFBVV95cUxOWmtIaXdaVjQ3WmE0R0RRTjZHeVVXdXZydmNZQmdQVTlWdTlHNi0tcmI4VC1kN1NoalZ4UUJ3SW41R1hXdjJNemFxM3NRaDNwZEQwYVlYd21mcTVzNzdub3lfa0J5d1hfU0pZR00zenlKZjU4TTh6UTNhNVJLZ0tmMFVwOHFoSWVRUVFrU244R1U2UTh5bzhZTzRsdV9NbzRt?oc=5) · The Business Journals
- 2022-02-25 [Ben Atkins and Waterfall Bank - slowtwitch.com](https://news.google.com/rss/articles/CBMib0FVX3lxTFBHNGFmS3ZQTW1EbmVLQ3J5WUJ6X19UMjY1ZVZzVFBLeHNMV0d1UUplTFpRMFA1alJwTGNWWVRIM1Y4WnVoOTE3QzlFNWlsVG9Fd3JManJCTHJwR2J4M25oQ0ZjcnlYLUp0VnZoNVRmZw?oc=5) · slowtwitch.com
- 2025-12-30 [Tampa Bay banks see wave of leadership changes in 2025 - The Business Journals](https://news.google.com/rss/articles/CBMilAFBVV95cUxOMHlqbHJTUXFWUWxmNXdEd2d3ZkFKbWVxdE5zMl9YVmptTnE2bzh5WmRudzBieFNFMmpDRV9qTGMtdktvNEtxbHpscV9tQ1pxenhYOTlrSWpCeU42OW1HWTJkREdZczIzcDltNFFSRjk3YVhBWlVVRTVwZTlzVjlPTlNrNW5iTHpHSUNWYkFwa3c4U0tK?oc=5) · The Business Journals
- 2021-09-09 [New local bank in the works for Southwest Florida, the first in more than a decade - The News-Press](https://news.google.com/rss/articles/CBMipwFBVV95cUxQV00yME5PeHhfSk1hcU8tbGpIdkZsYXR3aVNaLWJicE1aWG9mVDFkWFAxalBBMi1icWRteFp2VXRabUNsVElvRGNIZlF1d0JHUko5bVhMZ05XNG1Gd1ZEamd5NHc2bnp1NmROaFVRcEdlYk9udjJHVl90NEU1Y05vbFBjSmZnZVJrT2J1RFJtRzZuV05KYjBwVjJJV3UtUld4MWdSQmxINA?oc=5) · The News-Press
- 2022-03-03 [‘Making a statement’ – the man behind the Couples Championship - TRI247](https://news.google.com/rss/articles/CBMilAFBVV95cUxOQnZYZ1g1Zk5GS2V1QVVxY3VldjQ4SGpBSDhYTUphcm1UaExWRGs3UV9rSHBRYmFFS3YtYzBpcC1jNlZhVDFfS1Z1UkhjZC05cVJabHZFUjhZS0U0SUwyYlBBYU4wbjZrTnNwWWprSVdtNnZoOU52VlBNRENxSnA4SlhUdGVqVmVTYUMtOFV1eXRjWFdE?oc=5) · TRI247
- 2022-03-06 [Stanford and Royle take the $100,000 win at inaugural Couples Championship - triathlonmagazine.ca](https://news.google.com/rss/articles/CBMirgFBVV95cUxNZ2cxQllEWmdsSDRTVEtWZHB1RkFULXhVbzZVZ3JaQ2dXWE93UlFZV1hsWFY0Q1FOZWh5ZkZ2U3c3b0dtQ3JyUnd6X0FiVzdXN3h3Vm9HVU5faWFHME9NUXdsaTBtQVpHLXFPVXQ5Z0hsNVBYSms4d2RNbmZLZlJvT3FuZ1VtSllGYTRlT3VRWVhzV1ppODRDaFV6Vkd3UVRBUU51bF9SNzY5QW9fX2c?oc=5) · triathlonmagazine.ca
- 2022-06-06 [Gallery: Heather Jackson’s Unbound Gravel Setup - Triathlete](https://news.google.com/rss/articles/CBMiiAFBVV95cUxPQXBSbVBRR3FpdWZPYm1YVXRhN1VkcXJLcFFGdzZjZXc0SVI1a0I0aDZObE1HRURMSjVpU2ZhQ1dra2pqWVE3N2xrcEMzRGJ2NFVDQklDRHdoUWRnTlc4dGVqUHQ0S3RTY1FsNVZ0eVM1ank1b3BobVpHc01QM1pmWm9rN2lOLVJP?oc=5) · Triathlete
- 2026-05-05 [Harmony Bank taps new COO amid branch expansion push - The Business Journals](https://news.google.com/rss/articles/CBMiqAFBVV95cUxNX2o0X2xiSjFzUjEzWlpMRm9yM2pRNC1LRHRaeXB5ZlltMW5RbDZhTlhVdkVjeGdZSHo0M2J3RWNlTGRzN0NKOTlMdGNtSGlTeXhDVWFwdWxaTng1NExnSmtVT1FsVFhhekh5aUkxeDdhYVRTZjNtbXRfSTk0X0Y0Q3oxaDJQOXRVT2xHcFhkY2owR3VJYVFmeGFuOHgtUEV3NG8zbkJmcFc?oc=5) · The Business Journals

## How to verify

- Page: https://getbookiq.com/bank-desk/#bank=59265 (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/1.json (key "59265", 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