# NORTHWAY BANK
BERLIN, NH · FDIC certificate 14240 · asset band $1-10B · latest filing 2024-12 · stopped filing (departed)

**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 | $1.19B | |
| Deposits | $977.5M | |
| Loans and leases | $874.8M | |
| Total equity | $89.6M | |
| Loans / deposits | 88.45% (p54 of band) | 86.88% |
| Liquid assets / assets | 23.08% (p57 of band) | |
| Uninsured deposits / deposits | 24.12% (p29 of band) | 29.82% |
| Brokered deposits | 3.38% | |
| Wholesale funding | 12.68% (p69 of band) | |
| FHLB advances / assets | 3.79% | |
| Tier 1 leverage | 9.42% (p31 of band) | 10.06% |
| Unrealized securities loss / equity | -53.22% (p8 of band) | -14.16% |
| AOCI / equity | -2.93% (p4 of band) | |
| ROA (annualized) | 0.50% (p19 of band) | 0.92% |
| Net interest margin | 2.74% (p26 of band) | 3.23% |
| Efficiency ratio | 83.67% (p90 of band) | |
| Noncurrent loans | 0.34% (p43 of band) | 0.42% |
| Net charge-offs (annualized) | 0.00% (p10 of band) | |
| Reserve coverage of noncurrent | 348.40% | |
| Real estate % of loans | 87% | |
| Construction % of loans | 11.16% (p11 of band) | |
| Auto loans | $1.5M (0.17% of loans; DQ 1.41%, NCO 0.00%) | |
| Loans to nondepository financials | $0 (0% of equity) (p37 of band) | |
| Deposits YoY | -2.4% | |
| Employees | 162 | |

## Flags firing in the latest filing

- **securities losses >30% of equity** (`cap_secloss`)
- **assets shrinking** (`shrink_assets`)

## 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 | 2 | capital falling |  |
| 2013-12 | 1 |  | capital falling |
| 2014-03 | 1 |  |  |
| 2014-06 | 1 |  |  |
| 2014-09 | 1 |  |  |
| 2014-12 | 3 | capital falling, charge-offs p90 |  |
| 2015-03 | 0 |  | reserve under noncurrent, capital falling, charge-offs p90 |
| 2015-06 | 0 |  |  |
| 2015-09 | 0 |  |  |
| 2015-12 | 1 | capital falling |  |
| 2016-03 | 0 |  | capital falling |
| 2016-06 | 0 |  |  |
| 2016-09 | 1 | assets shrinking |  |
| 2016-12 | 2 | capital falling, expense ratio p90 | assets shrinking |
| 2017-03 | 0 |  | capital falling, expense ratio p90 |
| 2017-06 | 0 |  |  |
| 2017-09 | 1 | deposits shrinking |  |
| 2017-12 | 0 |  | deposits shrinking |
| 2018-03 | 2 | capital falling, expense ratio p90 |  |
| 2018-06 | 2 |  |  |
| 2018-09 | 4 | wholesale funding >15%, securities losses >30% of equity |  |
| 2018-12 | 2 |  | wholesale funding >15%, securities losses >30% of equity |
| 2019-03 | 0 |  | capital falling, expense ratio p90 |
| 2019-06 | 1 | expense ratio p90 |  |
| 2019-09 | 2 | deposits shrinking, assets shrinking | expense ratio p90 |
| 2019-12 | 0 |  | deposits shrinking, assets shrinking |
| 2020-03 | 2 | losing money, expense ratio p90 |  |
| 2020-06 | 2 | capital falling | losing money |
| 2020-09 | 2 |  |  |
| 2020-12 | 1 |  | capital falling |
| 2021-03 | 1 |  |  |
| 2021-06 | 2 | capital falling |  |
| 2021-09 | 2 |  |  |
| 2021-12 | 1 |  | capital falling |
| 2022-03 | 2 | securities losses >30% of equity |  |
| 2022-06 | 5 | capital falling, AOCI drag >20% of equity, losing money |  |
| 2022-09 | 4 |  | losing money |
| 2022-12 | 4 |  |  |
| 2023-03 | 3 | wholesale funding >15% | capital falling, AOCI drag >20% of equity |
| 2023-06 | 3 |  |  |
| 2023-09 | 2 |  | expense ratio p90 |
| 2023-12 | 4 | deposits shrinking, uninsured deposits leaving |  |
| 2024-03 | 3 | assets shrinking | deposits shrinking, uninsured deposits leaving |
| 2024-06 | 4 | expense ratio p90 |  |
| 2024-09 | 2 |  | wholesale funding >15%, expense ratio p90 |
| 2024-12 | 2 |  |  |

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

- 2025-01-03 [Camden National completes acquisition of Granite State peer - mainebiz.biz](https://news.google.com/rss/articles/CBMikwFBVV95cUxOcE91RE9GbkVVZFpYZGRLV0xfNWtWbmVFelFiczBRck1famFhOUt0SV9iV1lwQmItWkNPa2tzOFVITFFOZEZiVXhYRzZQSTkzWlVBNmhIX3ZnTW5aQVhjbTg5T3lUTzRHd01xSGJCT2xlVWJHYkpEOWVXYzdGSlp5bHNjQjI4dXJmb1RKRGlGenBpLWc?oc=5) · mainebiz.biz
- 2025-01-02 [Camden National Corp. Announces Successful Merger with Northway Financial - PR Newswire](https://news.google.com/rss/articles/CBMixwFBVV95cUxNZHVOUHcwX0lxSGNhbjFtTjFZbFhYYTZ0TzR5OUNMQUpVYldGclpQTWkxODU0eXREOU1XdWE0b0ZTdWtvNjQ5bEViMVBYa1lBam9sdTFzUFNDbm5VRjhRR2RlQUpTLXZackhlcTNVbDQ0OWFZZlNRLU53RVdrMTFfdzQzSGpLWml1QmI2THVmZFR0ODhHbXNlU0dBQzFrXzhDYmZRNEw0bnNQbW8yZFQ0RHJkQXN0T2pxVlhxUmgwTWdUazFXTlln?oc=5) · PR Newswire
- 2024-12-17 [Camden National Corporation and Northway Financial to Merge - Business NH Magazine](https://news.google.com/rss/articles/CBMipAFBVV95cUxPZkMzWHZfaHBhOGNDdWxscTRMeWIyM3gxdVFleVpvNF9jaGpWS29zX2E0TktVS0FjMTZvaWkyVjd2UkZCSl9oU3JiUUtYSThqWDJ0VUVPcVpJSDhCT1dJbXlWcjZRWlFzY2VLc2c3TVpvNUpkSl9XUmtkVHc0OVQ2dVVEWE8zNkNURG1xUWo0WGxQQWp0WTFzRUVVN3BYdzRBVWU0NQ?oc=5) · Business NH Magazine
- 2024-09-10 [Camden National to bolster NH presence with $86.6M deal for North Conway-based bank - mainebiz.biz](https://news.google.com/rss/articles/CBMisAFBVV95cUxNMXBxR0VNcVo0N0VrbjVocjNRZjUyVmx4V1RjYVNIMUxtU3BEYXBGbEVDZUlwTGJDSENuUzIzQ2RxTXFqVmRvemVSX2loN1dyNTJBVGpTSXRBSmpMVlYxdG1sWnB1dDQzRzhXSXdkN1Y2RTFXeFZUTHQ3cTNhLXk0eV9ibnY0TkJQa2RoYk5WYmZNbXdvdW9vYjRpR05vWGVIT3F2YW1hM3FDckVCb29hMg?oc=5) · mainebiz.biz
- 2025-01-03 [Northway Financial Merges With Camden National Corporation Of Maine - Patch](https://news.google.com/rss/articles/CBMipAFBVV95cUxPbHZsWHpIdjFPNDhDM3dvajcxQmFCMEMyNVlUVVlDa01uNlFJbDBTdXZHR2p0VWVyQ2RwbHpDRE5ZRkFfak9fTjI5RjhYYkc5UktqQlBMZkI5Q0gxUjZPR1dXcnBGcGhFRV93MUxmVDVyaU1faTdUV3FLd2l6bEJFeUhGXzdEYkM3VW1adHJEY3dpV1owd3ZMMFI1RVBGaG5VaUVwTA?oc=5) · Patch
- 2024-09-10 [Camden National acquires NH bank in nearly $87M deal - Bangor Daily News](https://news.google.com/rss/articles/CBMimgFBVV95cUxPRnhoTk9pbXdtZnFaRjg4ZVBLaHNNMW52X3VNclBpd1RiczVpbXBISGVzT2JZdzNnYjA4ZFY4ZGQ0UjRCRGoxSEpmVVhRSjlvcTgweUFaTnpvYWVyeDlaTTBIS1NpMHhBYUFvaEhlRjMwNEFXOU0tbGRNSzJURmdhektFdDYyX2N5Q28tWUo0QmpIRTZOSnA2aDFB?oc=5) · Bangor Daily News
- 2018-02-01 [What’s happening to community banks? - nhbr.com](https://news.google.com/rss/articles/CBMiZ0FVX3lxTFBKMEp4NVJIQnZQTnFoVFdCQnhDb3dQbGI3Z1oxZWZPdk1obndJOVJVQ0RhUnFQQVNONXdNN0xCeWZ6SzZLdmRobGxkUUpxT1ByRVp2S3VZdTFjZklieEtpM3hyeHhXTG8?oc=5) · nhbr.com
- 2019-06-03 [Armand Girouard joins Northway Bank as mortgage loan officer - The Laconia Daily Sun](https://news.google.com/rss/articles/CBMi7gFBVV95cUxOYnVlMWgzUEhhRi1BaC16ekk5TzhVa1M2cVVQb2ZkQXBjNjJvdmoxU1E0M2ZCUlVYeTJmd0ZnYXpSR2FKNk9Mbmg4RGFOSVFHeWtfWmZBYmxVMnJEU2MzU3FKVmZpamZ5MXZweVRxS1F6UlZvd01iaXk0bGU3ZmFwN1Y1TF9XVkNhRGx3S1hCdk1CWHBsQUNIbFBXSXRyZWpmcTBJLW5EaHA1cklwS0dkZFhPbTNiYTQzblVWMXlDQjZNM19zX0FPMW5ZY1pyYWNTajk5YnB6dUhGUWZFX3dETHVFS2pSRkdKUzlJejd3?oc=5) · The Laconia Daily Sun

## How to verify

- Page: https://getbookiq.com/bank-desk/#bank=14240 (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/32.json (key "14240", 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