# ULSTER SAVINGS BANK
KINGSTON, NY · FDIC certificate 15970 · asset band $1-10B · latest filing 2026-06 · live

**Verdict on the desk:** this could be *ordinary*. 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 | $1.39B | |
| Deposits | $1.24B | |
| Loans and leases | $1.05B | |
| Total equity | $124.6M | |
| Loans / deposits | 83.57% (p41 of band) | 87.10% |
| Liquid assets / assets | 19.15% (p42 of band) | |
| Uninsured deposits / deposits | 20.65% (p19 of band) | 30.76% |
| Brokered deposits | 0.00% | |
| Wholesale funding | 0.86% (p21 of band) | |
| FHLB advances / assets | 0.86% | |
| Tier 1 leverage | 9.79% (p31 of band) | 10.50% |
| Unrealized securities loss / equity | -19.00% (p21 of band) | -7.75% |
| AOCI / equity | -0.38% (p44 of band) | |
| ROA (annualized) | 0.55% (p10 of band) | 1.26% |
| Net interest margin | 3.26% (p24 of band) | 3.70% |
| Efficiency ratio | 82.64% (p95 of band) | |
| Noncurrent loans | 1.54% (p85 of band) | 0.51% |
| Net charge-offs (annualized) | 0.02% (p50 of band) | |
| Reserve coverage of noncurrent | 70.91% | |
| Real estate % of loans | 93% | |
| Construction % of loans | 55.78% (p59 of band) | |
| Auto loans | $7.9M (0.75% of loans; DQ 2.54%, NCO 0.01%) | |
| Loans to nondepository financials | $0 (0% of equity) (p35 of band) | |
| Deposits YoY | 1.1% | |
| Employees | 236 | |

## Flags firing in the latest filing

- **expense ratio p90** (`earn_efficiency`)
- **reserve under noncurrent** (`aq_reserve`)

## Warning timeline

| Quarter | Score | Flags that first fired | Flags that cleared |
|---|---|---|---|
| 2011-03 | 1 | reserve under noncurrent |  |
| 2011-06 | 1 |  |  |
| 2011-09 | 2 | capital falling |  |
| 2011-12 | 1 |  | capital falling |
| 2012-03 | 1 |  |  |
| 2012-06 | 1 |  |  |
| 2012-09 | 1 |  |  |
| 2012-12 | 1 |  |  |
| 2013-03 | 2 | charge-offs p90 |  |
| 2013-06 | 1 |  | charge-offs p90 |
| 2013-09 | 3 | capital falling, noncurrent p90 |  |
| 2013-12 | 2 |  | capital falling |
| 2014-03 | 3 | expense ratio p90 |  |
| 2014-06 | 3 |  |  |
| 2014-09 | 4 | capital falling |  |
| 2014-12 | 3 |  | capital falling |
| 2015-03 | 5 | losing money, charge-offs p90 |  |
| 2015-06 | 6 | capital falling |  |
| 2015-09 | 6 |  |  |
| 2015-12 | 5 |  | noncurrent p90 |
| 2016-03 | 2 |  | losing money, charge-offs p90, capital falling |
| 2016-06 | 2 |  |  |
| 2016-09 | 2 | capital falling | reserve under noncurrent |
| 2016-12 | 2 |  |  |
| 2017-03 | 1 |  | capital falling |
| 2017-06 | 2 | reserve under noncurrent |  |
| 2017-09 | 2 |  |  |
| 2017-12 | 2 |  |  |
| 2018-03 | 3 | charge-offs p90 |  |
| 2018-06 | 5 | capital falling, uninsured deposits leaving |  |
| 2018-09 | 4 |  | charge-offs p90 |
| 2018-12 | 2 |  | reserve under noncurrent, capital falling |
| 2019-03 | 2 |  |  |
| 2019-06 | 1 |  | uninsured deposits leaving |
| 2019-09 | 2 | capital falling |  |
| 2019-12 | 2 | liquid assets <10%, reserve under noncurrent | expense ratio p90, capital falling |
| 2020-03 | 0 |  | liquid assets <10%, reserve under noncurrent |
| 2020-06 | 2 | expense ratio p90, reserve under noncurrent |  |
| 2020-09 | 3 | capital falling |  |
| 2020-12 | 4 | noncurrent p90 |  |
| 2021-03 | 5 | NIM <2.5% |  |
| 2021-06 | 5 |  |  |
| 2021-09 | 5 |  |  |
| 2021-12 | 4 |  | capital falling |
| 2022-03 | 1 |  | reserve under noncurrent, noncurrent p90, NIM <2.5% |
| 2022-06 | 1 |  |  |
| 2022-09 | 4 | AOCI drag >20% of equity, securities losses >30% of equity, assets shrinking |  |
| 2022-12 | 4 | deposits shrinking | assets shrinking |
| 2023-03 | 4 | uninsured deposits leaving | AOCI drag >20% of equity |
| 2023-06 | 5 | capital falling |  |
| 2023-09 | 4 |  | deposits shrinking |
| 2023-12 | 4 |  |  |
| 2024-03 | 2 |  | uninsured deposits leaving, capital falling |
| 2024-06 | 2 |  |  |
| 2024-09 | 2 | capital falling | securities losses >30% of equity |
| 2024-12 | 1 |  | capital falling |
| 2025-03 | 2 | reserve under noncurrent |  |
| 2025-06 | 2 |  |  |
| 2025-09 | 3 | capital falling |  |
| 2025-12 | 2 |  | capital falling |
| 2026-03 | 2 |  |  |
| 2026-06 | 2 |  |  |

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

- 2026-05-13 [Ulster Savings Bank seeks to reorganize - Daily Freeman](https://news.google.com/rss/articles/CBMihwFBVV95cUxQSjMtNWZKek1rXzV2UVFPQXJhM2cxZHlLcUtXMU5Rc2RBdlBUeUEyMXZOUXhSMVdJNDBMWG9LZ2VKS19famdqX3FrZ2FYV0NCUlQ0dkhzalc3ZHZEbjJCaS1STVpHZkNwWTItYUw0Y0xDVWN5eUNpeFVlTlFpdkc5Vm9uV0ZaSG8?oc=5) · Daily Freeman
- 2026-07-31 [Ulster Savings Bank Number of Employees 2026 | Employee Count & Headcount Data - reveliolabs.com](https://news.google.com/rss/articles/CBMidkFVX3lxTFBLMnlQeVExZlJQQkpVNUZnaWxTUTFmNUxTbTRIRm5UYmFxaFhqMkJHWjB0alhYTmlEdEh4UkxyZWY3ZFZDTTZfY1Aybk5BUGczUXRZbzU4emdmWHVwS1Qyc1U4REZDSUxuZG9SUGlYbHBxOEh0Nmc?oc=5) · reveliolabs.com
- 2026-05-06 [Hudson Valley towns designated a New York state banking development district - spectrumlocalnews.com](https://news.google.com/rss/articles/CBMixgFBVV95cUxPRC0yWG8xLVY2T1Ayb0lWMlJGNmdycmxhX2YxY3ZzbWliVlQ2eEktMnBXRS1NNmZ4OHZKYWdpUmVQems3aF9RbWtRd1B5cU9SVl9udEM2Y2Z1YldRdEFsV3VnZFlWeGVFOG1xUEp5VC10QXpxX3VHWDQxYVhnMXE4YzNIdDZjd0Q2UjlkQzBNY2lBN1AwQldscFdzeWQtWXotWGxOdWh3ci1kMGVSd0RTQ1ZuNVJCWDVsbHNXWllOTkVBZmpsNUE?oc=5) · spectrumlocalnews.com
- 2026-05-12 [Ulster Savings Bank’s Phoenicia branch gets $10M state deposit - Daily Freeman](https://news.google.com/rss/articles/CBMiowFBVV95cUxNczJfUUJMOE1UR21HZlFwdlZGNERUTTBhQ3ZoN0NjLVlDSlI0RExBTnkzNlBHMmRsYmpqSWk1ZC1mY0FHMEhrVXJBcDBVRlJzMWQxZTNoQ2dlNnE5TXVLMVFXaklDM0ZjZkQ3YlZrTTdrYUItUGZpTlQwS2tFN2ZJQzhBOW16d05yT1JzT2dHQ2M2OWFCQWxvaWVqMmV4RGhKX2hr?oc=5) · Daily Freeman
- 2026-06-11 [Ulster Savings Bank to hold free virtual homebuyer seminar - Daily Freeman](https://news.google.com/rss/articles/CBMioAFBVV95cUxPOEJZSFNLWWQwQzY2dEs3NmV3a284bEF5WmpTdnlMWHluZDRaMXdzNi1WUUlmdTlYRzh2Uk15Q0gwYXRKRTRWNlQyUHk4bWNPXzhNTVlhS3hSUWticHNfT3dZUXNWM1FQUGlvVjh1OTFIQWE2b2Q5R09yem1sTERPNXJSMlVmSWlNMVg2clZYM3ItNnlqWXVBc21YTVR2Q1hf?oc=5) · Daily Freeman
- 2026-01-28 [Joe Ely is New Chairman of Ulster Savings Bank - Hudson Valley Press](https://news.google.com/rss/articles/CBMikgFBVV95cUxPUFJQOUNkeXA3VnF5WURVV2JlX2hCbHJyWU54VjVlVkxPbjFUX09EV0pCVE9CT2N5V29kckJUVVdGVVVxWlpjTDRJY2hlYVAybUJpS3F0bk1pdWlJOGR5bjViSDJzUEF0Rkhjcnl2dTBnRUExLWpPa19hX2ZCTmI5dTVwSzZ6aUtjZ0pqVnRicHBrUQ?oc=5) · Hudson Valley Press
- 2026-06-18 [Ulster Chamber’s Black Business celebration draws crowd - Daily Freeman](https://news.google.com/rss/articles/CBMimwFBVV95cUxOdW9INmF3MTdpblpGYmxaZ1BjT1NZTUJnY3dMVkc1MUkyMzYtZkNIT3UtZzQzUFE3WGdqVUFXbW1MSnhqOWkzVzV5NF93eGh6SldEcUZKVmFWcjNMSW1ERGQ4cXRiZ3dRV1gxUVk3TVg4dlpZcXhmQlpzYXJCQmF4Tm9raWo2ZkMtSDB6cTVVNE5JYWM0Y18xSlNDNA?oc=5) · Daily Freeman
- 2025-03-24 [NEW BANK BOARD MEMBER - Westfair Communications](https://news.google.com/rss/articles/CBMibEFVX3lxTFBhT05QaUFEZEZ3VVVWdEctcFdTb0ZLMGlJX3Z5ZDJuQ3hfcGhTYllUbU5Fd1pYMnQtdkthNDhDYnJ6VzhSMktlVnhKNVlhdkVlbElmUGdGRHc0MnkzN09ZSG8ybUFFTTlSUFZYeA?oc=5) · Westfair Communications

## How to verify

- Page: https://getbookiq.com/bank-desk/#bank=15970 (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/34.json (key "15970", 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