# PASSUMPSIC SAVINGS BANK
SAINT JOHNSBURY, VT · FDIC certificate 14134 · asset band $300M-1B · latest filing 2026-06 · live

**Verdict on the desk:** this could be *run candidate*. Composite score 2 (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 | $934.5M | |
| Deposits | $753.0M | |
| Loans and leases | $655.1M | |
| Total equity | $127.1M | |
| Loans / deposits | 86.06% (p61 of band) | 82.04% |
| Liquid assets / assets | 22.58% (p42 of band) | |
| Uninsured deposits / deposits | 24.42% (p44 of band) | 25.97% |
| Brokered deposits | 0.00% | |
| Wholesale funding | 3.98% (p53 of band) | |
| FHLB advances / assets | 3.98% | |
| Tier 1 leverage | 13.06% (p80 of band) | 10.81% |
| Unrealized securities loss / equity | -46.36% (p6 of band) | -8.10% |
| AOCI / equity | -0.21% (p59 of band) | |
| ROA (annualized) | 1.35% (p54 of band) | 1.28% |
| Net interest margin | 3.31% (p20 of band) | 3.91% |
| Efficiency ratio | 86.51% (p93 of band) | |
| Noncurrent loans | 0.71% (p63 of band) | 0.43% |
| Net charge-offs (annualized) | 0.04% (p74 of band) | |
| Reserve coverage of noncurrent | 150.94% | |
| Real estate % of loans | 88% | |
| Construction % of loans | 8.69% (p12 of band) | |
| Auto loans | $15.9M (2.42% of loans; DQ 2.45%, NCO 0.02%) | |
| Loans to nondepository financials | $0 (0% of equity) (p45 of band) | |
| Deposits YoY | 7.3% | |
| Employees | 155 | |

## Flags firing in the latest filing

- **securities losses >30% of equity** (`cap_secloss`)
- **expense ratio p90** (`earn_efficiency`)

## Warning timeline

| Quarter | Score | Flags that first fired | Flags that cleared |
|---|---|---|---|
| 2011-03 | 1 | reserve under noncurrent |  |
| 2011-06 | 2 | losing money |  |
| 2011-09 | 2 |  |  |
| 2011-12 | 2 |  |  |
| 2012-03 | 1 |  | losing money |
| 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 | 1 |  |  |
| 2014-09 | 2 | expense ratio p90 |  |
| 2014-12 | 2 |  |  |
| 2015-03 | 2 |  |  |
| 2015-06 | 2 |  |  |
| 2015-09 | 2 |  |  |
| 2015-12 | 6 | brokered >10%, wholesale funding >15%, capital falling, uninsured deposits leaving |  |
| 2016-03 | 4 |  | wholesale funding >15%, capital falling |
| 2016-06 | 3 | wholesale funding >15% | brokered >10%, uninsured deposits leaving |
| 2016-09 | 4 | brokered >10% |  |
| 2016-12 | 4 |  |  |
| 2017-03 | 3 |  | reserve under noncurrent |
| 2017-06 | 4 | reserve under noncurrent |  |
| 2017-09 | 3 |  | reserve under noncurrent |
| 2017-12 | 3 |  |  |
| 2018-03 | 3 |  |  |
| 2018-06 | 2 |  | wholesale funding >15% |
| 2018-09 | 2 |  |  |
| 2018-12 | 3 | wholesale funding >15% |  |
| 2019-03 | 3 | charge-offs p90 | expense ratio p90 |
| 2019-06 | 3 |  |  |
| 2019-09 | 5 | loans exceed deposits, reserve under noncurrent |  |
| 2019-12 | 2 |  | brokered >10%, wholesale funding >15%, loans exceed deposits |
| 2020-03 | 4 | loans exceed deposits, losing money, deposits shrinking | charge-offs p90 |
| 2020-06 | 4 | brokered >10%, wholesale funding >15%, capital falling | loans exceed deposits, losing money, deposits shrinking |
| 2020-09 | 2 |  | reserve under noncurrent, capital falling |
| 2020-12 | 0 |  | brokered >10%, wholesale funding >15% |
| 2021-03 | 0 |  |  |
| 2021-06 | 1 | securities losses >30% of equity |  |
| 2021-09 | 2 | capital falling |  |
| 2021-12 | 2 | expense ratio p90 | capital falling |
| 2022-03 | 3 | losing money |  |
| 2022-06 | 6 | capital falling, noncurrent p90, reserve under noncurrent |  |
| 2022-09 | 3 |  | capital falling, noncurrent p90, reserve under noncurrent |
| 2022-12 | 4 | noncurrent p90, reserve under noncurrent | losing money |
| 2023-03 | 4 | charge-offs p90 | expense ratio p90 |
| 2023-06 | 5 | deposits shrinking |  |
| 2023-09 | 5 | uninsured deposits leaving | charge-offs p90 |
| 2023-12 | 5 |  |  |
| 2024-03 | 5 | expense ratio p90 | deposits shrinking |
| 2024-06 | 4 |  | uninsured deposits leaving |
| 2024-09 | 3 |  | noncurrent p90 |
| 2024-12 | 3 | capital falling | reserve under noncurrent |
| 2025-03 | 2 |  | capital falling |
| 2025-06 | 2 |  |  |
| 2025-09 | 2 |  |  |
| 2025-12 | 2 |  |  |
| 2026-03 | 2 |  |  |
| 2026-06 | 2 |  |  |

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

- 2026-07-28 [Ryan Carr joins Passumpsic Bank as new IT technician - northstarmonthly.com](https://news.google.com/rss/articles/CBMi3wFBVV95cUxQb3dPUHNWTktoSkRxTDN3N0Fma0MzMTU1a0k0R2ZnVDdLbHhKc3RLLW94c2xsR0NLR2JkQ0NxaU9JQ0RtTWRaQ3JjZ0t6cnhNcUJhWk5neDFVb0p5NXZxSzJKREl6X0NWblI0MmZnWjNGTUJwV2R5RmV0d0dDb21YQTc0Z2F3UUppX1RvOGtFb3pWWnFNeXBZaDExTW8yR1lwTzRfQmVfcnhPZlJ3WXFhVXd5YWhlcXN5SGJzWEdwa01BWUlGZUxpMG5PT0VtQk1WWXhqa3NTWHNsdDZsNHdz?oc=5) · northstarmonthly.com
- 2018-04-17 [Passumpsic Savings Bank names James Kisch as President and Chief Executive Officer - Vermont Business Magazine](https://news.google.com/rss/articles/CBMiuAFBVV95cUxOZlMtOFFqZGp6WDBETUZzekIwUnFvdGM3MHZvcHVfcHJrNEN6VUx4ZGVuZXc4VV96bFk4c1hKaENYSmZvTGthdUw3b3VPaTRLUTY3aEVhNGJFc1Z3SVpxRnM5SU1rbEJPTl9RaHFrdDEwS01FbEpMaVBqeTlUSXVNejlicER3ZjFZOHpCUFV1Wi1OV2dyNEdiSFZnbUtOdlBQSzc2VHc4OVhiMWUxUE8zQkl0aFNmSXdX?oc=5) · Vermont Business Magazine
- 2024-06-25 [Police arrest New Hampshire man accused of robbing Orleans County bank - WPTZ](https://news.google.com/rss/articles/CBMie0FVX3lxTFBhVnJmV2V1VkIzWmVkZ0xBeHRpc3lCSW5IYlZTOFlFMmNaNEVtWG9XMXZ4d21aYk1oWW5rS0FxVWdVc0FyXzNtWTNWZ2hBZkpMM3RpREhkYXl6TFRrVGRxSk9ZMUh3RG9nTWRDdTVJam1HbThDMGVvWXJxaw?oc=5) · WPTZ
- 2024-06-24 [New Hampshire man arrested in Vermont bank robbery - WCAX](https://news.google.com/rss/articles/CBMihwFBVV95cUxOZVBqbnhzNzdsaDAwT3RUaHBXdTE5VGEwWXd4UWFMZFVMZ0tWdC14YTI4RDhNeFpnSUpuQmZUMFFXMEhlTFB5UjJPc055NlcwR1d4ZUQ1OEVacGh4OGRLVW1XV19EdEJveTdmT0pFdnlEb3ZVYXpHVVFISUMwbmdzY3FDLTlTMHPSAZsBQVVfeXFMTnVBckdjeVd6S29NSkl1VnFRNE1kTkhFS2pyOE5hc2QtM3E1elJjWWJ1Q0VjNEhmaEwyNEF1Sm9NRzVDWTZaSEE3akVKWU90dGU2TFg3S1E5NVFINjlGOUduYTVvTWNpdFJmRXJIRmc1UFE2b2ZGd1Vzb2w4WGpMQ1haVkN6Ri0zRkU5ejZDbzRzNEtpUmJsLVNSUVk?oc=5) · WCAX
- 2022-04-21 [Cornerstone Bank promotes five to executive vice president - wbjournal.com](https://news.google.com/rss/articles/CBMikwFBVV95cUxOOFZLRTJpVXJULXFwSXZRVmY5aXMtRGJnV2JhSEFNR2kwWkkyOW4wSEVudm96RFhaY3IwLTRwcEJVb2hVNlRZLWkxaWpNb2p6eFl3bjVtVExMbEhOeDNvNGNiVndqdGNhdjJfWnYyWlV3eUZ5Y25mT0VQNlVJN3NrT1hQOERibWZ1cDY5UDY5WlFaU1k?oc=5) · wbjournal.com
- 2017-02-26 [Southbridge Savings Bank hires Loveless as VP - Worcester Telegram](https://news.google.com/rss/articles/CBMivwFBVV95cUxOekV6ZFJ3b0RQOGVTX1p2bWZKbFRyd1NpemQzczNFUTZzWldFVHRjc0dWOUswWnZ5a2VmT3M2VWRHd3pzWGcxTkFfdFNZVmphTkUzREVpWUZMQlpaWktSdEN1cWdSTUR3djU5aHRZOGpJM3kybktRdzhWYThfd1lva2thSkdRdDcwLUJYVk5NTUhmTll5dkNueHBIZ2pTOGp6Vk9jNGp2QTRtc05UTmpKeDNGM0hEQTdkWFg4Z0lnYw?oc=5) · Worcester Telegram
- 2018-10-27 [Brandon bank sold for $21M - Rutland Herald](https://news.google.com/rss/articles/CBMirwFBVV95cUxQNzF5QVpRRXdFUVNZSlZsem1rb3pqODBOdUI2bTdOeEZ1dWZQN3NnZ0JSQTlFc3FyU1Q3M3JTNjZfbXViczAxM2FRRjBIcXJRa3hWWnFqdmh1YmU5NzlWeEtyYU54aUlhVGQ3ejhwcXktWFRUdkppQTM2ZG4xLXk4REZHX2xSaTFMSVdVTS1xR3hfc19jTW5MdDl4THlmeEdORkw2RWN3VHF0cmx5eE00?oc=5) · Rutland Herald
- 2024-06-24 [Nashua Man Arrested On Vermont Bank Robbery Charge On Interstate 93 In New Hampshire - Patch](https://news.google.com/rss/articles/CBMiogFBVV95cUxQbW9BSHBXRUt0LTJ4OC0tMDhISzdOMVZJTjY5ZDBIQUFFQUloRTlUTF8tUGM3dldrX0RxQXhjSWpiNHMwTWpEMmhHb2hybktMN3NXTDBvSlZXRGc0U0sydDhoaXBaZkk2cXNObHRiV1BoVFRLNHhJb2IyX0hnMXoyMGlLR0MzYlBzVWg3dWZIV3FTWlFydHBZcFhVaDl0eHQyMEE?oc=5) · Patch

## How to verify

- Page: https://getbookiq.com/bank-desk/#bank=14134 (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/54.json (key "14134", 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