# FIRST NB OF MUSCATINE
MUSCATINE, IA · FDIC certificate 961 · asset band $300M-1B · latest filing 2022-03 · stopped filing (departed)

**Verdict on the desk:** this could be *credit-stressed*. 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 | $371.6M | |
| Deposits | $327.6M | |
| Loans and leases | $202.2M | |
| Total equity | $39.0M | |
| Loans / deposits | 60.56% (p36 of band) | 67.37% |
| Liquid assets / assets | 43.29% (p67 of band) | |
| Uninsured deposits / deposits | 25.48% (p44 of band) | 27.42% |
| Brokered deposits | 0.00% | |
| Wholesale funding | 0.52% (p37 of band) | |
| FHLB advances / assets | 0.07% | |
| Tier 1 leverage | 10.86% (p71 of band) | 9.71% |
| Unrealized securities loss / equity | -13.21% (p44 of band) | -11.40% |
| AOCI / equity | -0.23% (p91 of band) | |
| ROA (annualized) | -0.10% (p2 of band) | 0.94% |
| Net interest margin | 2.60% (p18 of band) | 3.10% |
| Efficiency ratio | 104.36% (p99 of band) | |
| Noncurrent loans | 1.43% (p90 of band) | 0.29% |
| Net charge-offs (annualized) | -0.04% (p9 of band) | |
| Reserve coverage of noncurrent | 132.07% | |
| Real estate % of loans | 77% | |
| Construction % of loans | 19.71% (p27 of band) | |
| Auto loans | $3.1M (1.53% of loans; DQ 0.58%, NCO 0.00%) | |
| Loans to nondepository financials | $0 (0% of equity) (p45 of band) | |
| Deposits YoY | -1.4% | |
| Employees | 57 | |

## Flags firing in the latest filing

- **losing money** (`earn_negative`)
- **expense ratio p90** (`earn_efficiency`)
- **noncurrent p90** (`aq_noncurrent`)

## Warning timeline

| Quarter | Score | Flags that first fired | Flags that cleared |
|---|---|---|---|
| 2011-03 | 1 | reserve under noncurrent |  |
| 2011-06 | 1 |  |  |
| 2011-09 | 1 |  |  |
| 2011-12 | 1 |  |  |
| 2012-03 | 1 |  |  |
| 2012-06 | 1 |  |  |
| 2012-09 | 1 |  |  |
| 2012-12 | 1 |  |  |
| 2013-03 | 1 |  |  |
| 2013-06 | 1 |  |  |
| 2013-09 | 1 |  |  |
| 2013-12 | 1 |  |  |
| 2014-03 | 1 |  |  |
| 2014-06 | 0 |  | reserve under noncurrent |
| 2014-09 | 0 |  |  |
| 2014-12 | 0 |  |  |
| 2015-03 | 0 |  |  |
| 2015-06 | 0 |  |  |
| 2015-09 | 0 |  |  |
| 2015-12 | 0 |  |  |
| 2016-03 | 0 |  |  |
| 2016-06 | 0 |  |  |
| 2016-09 | 1 | charge-offs p90 |  |
| 2016-12 | 1 | expense ratio p90 | charge-offs p90 |
| 2017-03 | 3 | loans exceed deposits, liquid assets <10%, charge-offs p90 | expense ratio p90 |
| 2017-06 | 0 |  | loans exceed deposits, liquid assets <10%, charge-offs p90 |
| 2017-09 | 3 | loans exceed deposits, liquid assets <10%, uninsured deposits leaving |  |
| 2017-12 | 1 |  | liquid assets <10%, uninsured deposits leaving |
| 2018-03 | 1 |  |  |
| 2018-06 | 0 |  | loans exceed deposits |
| 2018-09 | 1 | loans exceed deposits |  |
| 2018-12 | 0 |  | loans exceed deposits |
| 2019-03 | 1 | capital falling |  |
| 2019-06 | 2 | reserve under noncurrent |  |
| 2019-09 | 1 |  | capital falling |
| 2019-12 | 3 | noncurrent p90, charge-offs p90 |  |
| 2020-03 | 2 |  | charge-offs p90 |
| 2020-06 | 2 |  |  |
| 2020-09 | 3 | capital falling |  |
| 2020-12 | 3 |  |  |
| 2021-03 | 3 |  |  |
| 2021-06 | 3 |  |  |
| 2021-09 | 2 |  | capital falling |
| 2021-12 | 2 | charge-offs p90 | reserve under noncurrent |
| 2022-03 | 3 | losing money, expense ratio p90 | charge-offs p90 |

## 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=961 (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 "961", 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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