# LOCALITY BANK
FORT LAUDERDALE, FL · FDIC certificate 59278 · asset band $300M-1B · latest filing 2026-06 · live

**Verdict on the desk:** this could be *funding-stretched*. Composite score 3 (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 | $396.2M | |
| Deposits | $346.0M | |
| Loans and leases | $313.6M | |
| Total equity | $48.6M | |
| Loans / deposits | 89.15% (p69 of band) | 82.04% |
| Liquid assets / assets | 20.12% (p32 of band) | |
| Uninsured deposits / deposits | 51.32% (p95 of band) | 25.97% |
| Brokered deposits | 11.41% | |
| Wholesale funding | 11.41% (p81 of band) | |
| FHLB advances / assets | 0.00% | |
| Tier 1 leverage | 12.91% (p78 of band) | 10.81% |
| Unrealized securities loss / equity | -0.65% (p88 of band) | -8.10% |
| AOCI / equity | -0.48% (p42 of band) | |
| ROA (annualized) | 0.29% (p7 of band) | 1.28% |
| Net interest margin | 3.93% (p51 of band) | 3.91% |
| Efficiency ratio | 79.79% (p88 of band) | |
| Noncurrent loans | 1.55% (p84 of band) | 0.43% |
| Net charge-offs (annualized) | 0.11% (p85 of band) | |
| Reserve coverage of noncurrent | 104.81% | |
| Real estate % of loans | 93% | |
| Construction % of loans | 51.17% (p57 of band) | |
| Auto loans | $0 (0.00% of loans; DQ –, NCO 0.00%) | |
| Loans to nondepository financials | $0 (0% of equity) (p45 of band) | |
| Deposits YoY | 38.6% | |
| Employees | 39 | |

## Flags firing in the latest filing

- **uninsured deposits >50%** (`liq_uninsured`)
- **brokered >10%** (`liq_brokered`)
- **capital falling** (`cap_falling`)

## Warning timeline

| Quarter | Score | Flags that first fired | Flags that cleared |
|---|---|---|---|
| 2022-03 | 5 | loans exceed deposits, uninsured deposits >50%, losing money, expense ratio p90, NIM <2.5% |  |
| 2022-06 | 4 |  | uninsured deposits >50% |
| 2022-09 | 4 | capital falling | loans exceed deposits |
| 2022-12 | 5 | uninsured deposits >50% |  |
| 2023-03 | 2 |  | NIM <2.5%, capital falling, uninsured deposits >50% |
| 2023-06 | 2 |  |  |
| 2023-09 | 3 | capital falling |  |
| 2023-12 | 3 |  |  |
| 2024-03 | 3 |  |  |
| 2024-06 | 3 |  |  |
| 2024-09 | 4 | brokered >10% |  |
| 2024-12 | 3 |  | brokered >10% |
| 2025-03 | 3 | brokered >10% | capital falling |
| 2025-06 | 2 |  | brokered >10% |
| 2025-09 | 3 | capital falling |  |
| 2025-12 | 1 |  | losing money, expense ratio p90 |
| 2026-03 | 4 | uninsured deposits >50%, run vulnerability, reserve under noncurrent |  |
| 2026-06 | 3 | brokered >10% | run vulnerability, reserve under noncurrent |

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

- 2026-03-24 [Spotlight On: Keith Costello, President & CEO, Locality Bank - caa - Capital Analytics Associates](https://news.google.com/rss/articles/CBMimwFBVV95cUxOZ3ZXS3VTNlpVVkhhWEFjd1YySHhzdzUzdEtUMVVKZU52OHprczJNQ3hPZFRMd3c3SUdHVV9QNUpSNFA0U3Bnc2JVQ3dEVWpnZnp4NWhkSWhBeGZlZ3FRODZIMWxCOEF3ellsY0RleXFqT09Iem5pYVRpVV92REplTTJickljWVNLcWdCNFNWbTU2V24xaWlHUEdkNA?oc=5) · Capital Analytics Associates
- 2026-06-05 [Former Amerant executive proposes bank in Broward County - The Business Journals](https://news.google.com/rss/articles/CBMingFBVV95cUxNR1FlSk0wRmNiV0dmY2FnLXQycjlseVFNVDhBYjJTZUdGN2MtbDE2YU4wbzF3MFJMeDludVR2UXJMaVYyS0ZlYW9SUUtacEdDaXhyU1hTQmhSNnFhS0J0d1JseHgwREtmOE1JMUZxSVB5bTZOYkptcG5WQ0htdzZpcGNNWVUwY1U1WlpzM08xVWVBZUhnUWxYaWZJbjJtZw?oc=5) · The Business Journals
- 2021-11-16 [Florida-based digital de novo gets FDIC approval - Banking Dive](https://news.google.com/rss/articles/CBMikwFBVV95cUxOSERHbnZsdjR0bmo4UXVpcjc5OHJ3Z2pld29sUDkzQzM3b1Zqams3Wk03MTlsNlMxd0tkMENDV0VKbUFvV0hyTXFKLWJ3ZTluQlFhRTc1ZnhyRnRoX0xrSlVJeWF2Vm1mRkhqVXJMMEw1ckdSNXNGNkFwNk9qMUpXU0ZyUktHdFNRUVBIZ1ByVlRYbkU?oc=5) · Banking Dive
- 2021-03-18 [Florida banking veteran planning digital-focused de novo - American Banker](https://news.google.com/rss/articles/CBMiggFBVV95cUxNSjRDMHdfclptb1BwRDdKRzAtVkJpUFFDd1g2ZjJLSUx1THBXOFlrRVF0TWx4ZmtLLXZwM0lvWk1Vek5ZU2ZxUW5yV1dCNUVveG1ETm84bkt1OEgtQTR6NlhNZHQtZmllcDN2M0tCYTd2b1MzSUxEQTFnR1NqdHNwRjln?oc=5) · American Banker
- 2022-01-21 [New Fort Lauderdale-based ‘digital-first’ bank aims to help small businesses overlooked in pandemic - Sun Sentinel](https://news.google.com/rss/articles/CBMi1AFBVV95cUxOTy10RS11cS1jenBhV211Q3dralVGay12UTVFVjZzOEtjUVNsU1BHdUJjR1VKSkpWUzk5UGFybmUySWF5dl9haUUwdVBUTm9SWjhvQndUelpDOFVVWER1cWZuRUdWWG16YVF0TkMyNW5sbFpBWFV3aWgwa2o0M3E5cVN3dkFNazhISUtsdUdCcmtvR1VrMlh5S1ZmV3J2SGdub25ZVkZ6OTZqZmJLLWN4YUpKeXlJc2J5NlpWT3NobVByR05PbHNvWWhiUEdTMHRZVmNrLQ?oc=5) · Sun Sentinel
- 2021-11-09 [Exclusive: Locality Bank gains FDIC approval, prepares for launch in Fort Lauderdale - The Business Journals](https://news.google.com/rss/articles/CBMiqAFBVV95cUxNVmhlS0UxNDlwMkJZbElKdlN4TUEyZ2tuTUVCM3NocU01ZTZiOEVkLURORDAyYzU5Um9LRlZmQ1dEVHcxVXVJZnlFS3hZM3M1ZG1NU2RzUGtwczltcmZyZXJNVk9hWlNYNjBQNXVuUTlzc2tBX25BVzJ5RmVhMmQxZnhpQXdReVNzeGlYcXpMVzJXV2RBU0dxaGlBZjl0NTNjYXFvbjVlSFM?oc=5) · The Business Journals
- 2024-04-16 [Community bank taps former BankUnited exec for C-suite role - The Business Journals](https://news.google.com/rss/articles/CBMisgFBVV95cUxNMDAzeU9ZdWRyZGwwWm9ZTGVrZFZpLVZTMHdNLXpJbUZpU2RMSzVYTklIczh4clY0SDdjWVB4cFN2Y3J6Ynd2bC1jcVZoUUlJcktFdGUyeUt1ck1yUTFKc2F4N3hHRFZ3LTNNSjJpbktQNEF1cktQeWszX0F5Z2V0YmRoZlZYWWFYZlpZN1NYNm8wcV9mVnpOMDJLaTBrbXR3ZkdUd3hIbHprVFQyaXZNdnhB?oc=5) · The Business Journals
- 2025-06-27 [South Florida bank CEO takes helm of Florida Bankers Association - The Business Journals](https://news.google.com/rss/articles/CBMisgFBVV95cUxNSEViSzZQWUFlMndHMjdyT3dtNnNramRLVDZtM29pNzdtcGNGNG51NHJrZ09WVjFHX09wNzFtOXJaUVdQay1tYmhPbHYwNTM0WllNaUp1dzNUZnRMYWtLclhWUXZyUGFlYkxubER0aGotQndNN3dIZk9ISnBtOHFmdlpHamFtRGVDWFh1SzMxODc0ZW9mSDlDT2ROUG96OGk4WllHU3FXUkJrYVFYVml6a0pR?oc=5) · The Business Journals

## How to verify

- Page: https://getbookiq.com/bank-desk/#bank=59278 (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/14.json (key "59278", 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