# NORTHEAST BANK
MINNEAPOLIS, MN · FDIC certificate 16659 · asset band $300M-1B · latest filing 2026-06 · live

**Verdict on the desk:** this could be *fortress*. Composite score 0 (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 | $837.3M | |
| Deposits | $760.7M | |
| Loans and leases | $596.7M | |
| Total equity | $70.0M | |
| Loans / deposits | 77.69% (p41 of band) | 82.04% |
| Liquid assets / assets | 28.07% (p59 of band) | |
| Uninsured deposits / deposits | 30.03% (p67 of band) | 25.97% |
| Brokered deposits | 5.96% | |
| Wholesale funding | 5.96% (p63 of band) | |
| FHLB advances / assets | 0.00% | |
| Tier 1 leverage | 10.13% (p38 of band) | 10.81% |
| Unrealized securities loss / equity | -19.95% (p23 of band) | -8.10% |
| AOCI / equity | -1.11% (p19 of band) | |
| ROA (annualized) | 1.49% (p64 of band) | 1.28% |
| Net interest margin | 4.08% (p59 of band) | 3.91% |
| Efficiency ratio | 64.34% (p59 of band) | |
| Noncurrent loans | 0.20% (p33 of band) | 0.43% |
| Net charge-offs (annualized) | -0.06% (p1 of band) | |
| Reserve coverage of noncurrent | 470.35% | |
| Real estate % of loans | 82% | |
| Construction % of loans | 28.41% (p35 of band) | |
| Auto loans | $137,000 (0.02% of loans; DQ 0.00%, NCO 0.00%) | |
| Loans to nondepository financials | $0 (0% of equity) (p45 of band) | |
| Deposits YoY | 0.3% | |
| Employees | 78 | |

## Flags firing in the latest filing

- none

## Warning timeline

| Quarter | Score | Flags that first fired | Flags that cleared |
|---|---|---|---|
| 2011-03 | 1 | wholesale funding >15% |  |
| 2011-06 | 0 |  | wholesale funding >15% |
| 2011-09 | 1 | reserve under noncurrent |  |
| 2011-12 | 0 |  | reserve under noncurrent |
| 2012-03 | 1 | assets shrinking |  |
| 2012-06 | 1 |  |  |
| 2012-09 | 1 | reserve under noncurrent | assets shrinking |
| 2012-12 | 1 |  |  |
| 2013-03 | 1 |  |  |
| 2013-06 | 0 |  | reserve under noncurrent |
| 2013-09 | 1 | charge-offs p90 |  |
| 2013-12 | 0 |  | charge-offs p90 |
| 2014-03 | 1 | capital falling |  |
| 2014-06 | 0 |  | capital falling |
| 2014-09 | 0 |  |  |
| 2014-12 | 1 | capital falling |  |
| 2015-03 | 1 |  |  |
| 2015-06 | 1 | loans exceed deposits | capital falling |
| 2015-09 | 0 |  | loans exceed deposits |
| 2015-12 | 0 |  |  |
| 2016-03 | 0 |  |  |
| 2016-06 | 2 | loans exceed deposits, capital falling |  |
| 2016-09 | 0 |  | loans exceed deposits, capital falling |
| 2016-12 | 1 | loans exceed deposits |  |
| 2017-03 | 0 |  | loans exceed deposits |
| 2017-06 | 0 |  |  |
| 2017-09 | 1 | loans exceed deposits |  |
| 2017-12 | 0 |  | loans exceed deposits |
| 2018-03 | 3 | loans exceed deposits, capital falling, uninsured deposits leaving |  |
| 2018-06 | 0 |  | loans exceed deposits, capital falling, uninsured deposits leaving |
| 2018-09 | 0 |  |  |
| 2018-12 | 0 |  |  |
| 2019-03 | 1 | loans exceed deposits |  |
| 2019-06 | 2 | capital falling |  |
| 2019-09 | 1 |  | capital falling |
| 2019-12 | 2 | wholesale funding >15% |  |
| 2020-03 | 3 | capital falling |  |
| 2020-06 | 2 |  | wholesale funding >15% |
| 2020-09 | 1 |  | loans exceed deposits |
| 2020-12 | 0 |  | capital falling |
| 2021-03 | 0 |  |  |
| 2021-06 | 1 | capital falling |  |
| 2021-09 | 1 |  |  |
| 2021-12 | 0 |  | capital falling |
| 2022-03 | 1 | AOCI drag >20% of equity |  |
| 2022-06 | 2 | securities losses >30% of equity |  |
| 2022-09 | 2 |  |  |
| 2022-12 | 2 |  |  |
| 2023-03 | 4 | deposits shrinking, assets shrinking, uninsured deposits leaving | AOCI drag >20% of equity |
| 2023-06 | 2 |  | deposits shrinking, assets shrinking |
| 2023-09 | 2 |  |  |
| 2023-12 | 2 |  |  |
| 2024-03 | 2 | capital falling | uninsured deposits leaving |
| 2024-06 | 1 |  | capital falling |
| 2024-09 | 0 |  | securities losses >30% of equity |
| 2024-12 | 2 | wholesale funding >15%, securities losses >30% of equity |  |
| 2025-03 | 2 | brokered >10% | wholesale funding >15% |
| 2025-06 | 4 | wholesale funding >15%, capital falling |  |
| 2025-09 | 2 |  | securities losses >30% of equity, wholesale funding >15% |
| 2025-12 | 1 | charge-offs p90 | brokered >10%, capital falling |
| 2026-03 | 0 |  | charge-offs p90 |
| 2026-06 | 0 |  |  |

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

- 2026-05-01 [A tale of two businesses that believe in the power of community and connection - The Business Journals](https://news.google.com/rss/articles/CBMipAFBVV95cUxOZEZIRUZBNHRmOGNBbVh4dkFXQWk4SWJsbG9kcnFFNEFma2dhR2FPdk9nUGI5M0ZNWUhvcUl2Wlg4dzA3UkQtUS1RcW5sOFA4VVpFSnpaVHZ4QXdGbDJzQngtd1E3WFFzbjE0cnBXcXVaWGhNVkRhRnE1bGF4UWZ1ZDVqendHNXhWNDcyTWZRLW92YlFPcFRVVThaaXJuZFZTMU90cQ?oc=5) · The Business Journals
- 2026-07-27 [Northeast Bank: Incredibly Efficient, Priced For Perfection - Seeking Alpha](https://news.google.com/rss/articles/CBMinwFBVV95cUxNMmtPQUxURTdFRXl1LUhBVVRTWndDaU1rNnNHTUV3QXlQVFZNUlRZUFprUkZyOTQzc2hseFVDVlhweUcwVVNvOWFpVkkxNk1NYVp2My1DX3JLam9iZXFFTjRHNTI5bmkzNkhqSFJoLTJjaFR2VEZJM0RKUUl2dzJvZmNXMXdoWS1Pemc5ZVhET2lLZElzdl83Z2Rmb0ZTTm8?oc=5) · Seeking Alpha
- 2026-07-13 [SBA Lenders: Best Options for 2026 - NerdWallet](https://news.google.com/rss/articles/CBMia0FVX3lxTE5DdWRnc194MzUtMzRmYTk0Si1FZ0NvT180RXJJMjFNc0tnMWNuMU1tQ1hVNGxqdlNqeFY1a3gxQ0tNcFBvNGFwVUdYX0ZMd1FUSmkwd29NbERwdFQ5ZUZjOXlucEwyUHg0UjU4?oc=5) · NerdWallet
- 2026-03-31 [2026 Notable Women in Banking & Finance Archives - Twin Cities Business](https://news.google.com/rss/articles/CBMif0FVX3lxTE1MQVo3SnJvcTVtVUxwWXhKWk9XaEpQYTRRc29ScWM3bTl0V3BucHZSeFM0UmRfTDZXbTJ3eGZ0eVhRcGc0WV9oUWZvdi1uUWE4dEVQeWZLU3RBSjR2VV8xdVlmTjdzUmRjYjZTT0plSHBxWlpMUVIyUDI3a0tCYTg?oc=5) · Twin Cities Business
- 2024-07-30 [Northeast Bank Partners with CorServ to Implement a Comprehensive Credit Card Program for Business and Commercial Customers - PRWeb](https://news.google.com/rss/articles/CBMi_gFBVV95cUxQX2c2d0JJWS1BOUFzdFljdndPNS1vSkFjUC1kM1VCMjkzRU8xVGItdXp1YUlpT1hGOGFjNEM5XzJEa3dQM1h2ZVFSLTBDck5zSmxUQ1RuVGtSWU9OVmZORnFmUGxlWFlmdS01SC00ZmFNQVRaMHB6Ylo4SXBhdUJoUTJ2bnhiSVNSYS04cTBUUW9uRVlETkFYZGpWQ0JOQ2NROWRMUTNvTkZlSGtJZjEwS0c2ekFfX0xUbXExYmVSc0dQUk5QMWVfdjF4YzgxaHhtNUl2c29BeHN5VzZ6U1d0NUx6UE16cmtTSWlHUC1Xc2E0b2pwUmxpUndRejZnUQ?oc=5) · PRWeb
- 2020-06-29 [Maine Bank Strikes PPP Deal with SME Lender - Banking Exchange](https://news.google.com/rss/articles/CBMimwFBVV95cUxORnBiY0xCUmpObEhyQUl3OXYyVEdkZjZxU1JxZEhobERreVdSLU52NmktOWd1QUtPd1hHQmgzX0QyQ0t6Mld5SFJtcFJ5S3JHTnpaU2Y4QnIzajVucWdHOFJRMTlVWXhxVzFtU0VtNmVXeHVad011bnFWeHNSZFdWYUd6UU4wLVZHNHg1dnJwWC1TZGFrOXFLejdjNA?oc=5) · Banking Exchange
- 2023-09-11 [Chef Yia Vang announces new restaurant Vinai will open next spring in Minneapolis - MPR News](https://news.google.com/rss/articles/CBMiqwFBVV95cUxOWlhoLTNOWXpubVVVVUdVYVBGdkJJTU5OSkZadmU1UWFQV0FiY0xiVmdEUlJTLTduOVpKMGo4cHlacWFJVXA5M3hsclBGSUk3dlZWdkd0TjJ1ajN2aktaWTVuM3AyRklHY3czYnpTTHFmNFpxcFgyeDRSN0FCa2tyblZzTS1YVWJtelhmMWViMlZvQzJoUTdrTUo5bVhzMkt2OHBnTEhDQm5XaEU?oc=5) · MPR News
- 2025-10-06 [Minneapolis Restaurant Vinai Is a Place of Joy - midwestdesignmag.com](https://news.google.com/rss/articles/CBMikwFBVV95cUxOVElEWkdVckFDUGl5TF9fTHpZcDBiY2I2N0hqOWJRYll5UG82YW9OMWRwcmUyczBVVHA5V2N5WGhrdzhXdlpqemFZV0pKVk5xZmRZVGJicFFiemVqNTFfY0I3YjZJaWFqNERkM0Y0c2VOYkhBRlpFMUtLN29DWEJJU1l2c2JyY29wY29wdnp0bVJwTDQ?oc=5) · midwestdesignmag.com

## How to verify

- Page: https://getbookiq.com/bank-desk/#bank=16659 (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/19.json (key "16659", 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