# FIRST COUNTY BANK
STAMFORD, CT · FDIC certificate 18204 · asset band $1-10B · latest filing 2026-06 · live

**Verdict on the desk:** this could be *funding-stretched*. 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 | $2.42B | |
| Deposits | $1.92B | |
| Loans and leases | $1.91B | |
| Total equity | $190.9M | |
| Loans / deposits | 98.78% (p82 of band) | 87.10% |
| Liquid assets / assets | 15.34% (p25 of band) | |
| Uninsured deposits / deposits | 27.03% (p37 of band) | 30.76% |
| Brokered deposits | 4.39% | |
| Wholesale funding | 14.98% (p79 of band) | |
| FHLB advances / assets | 10.59% | |
| Tier 1 leverage | 9.55% (p24 of band) | 10.50% |
| Unrealized securities loss / equity | -3.02% (p74 of band) | -7.75% |
| AOCI / equity | 1.48% (p97 of band) | |
| ROA (annualized) | 0.46% (p8 of band) | 1.26% |
| Net interest margin | 2.48% (p5 of band) | 3.70% |
| Efficiency ratio | 80.54% (p93 of band) | |
| Noncurrent loans | 0.24% (p27 of band) | 0.51% |
| Net charge-offs (annualized) | 0.03% (p53 of band) | |
| Reserve coverage of noncurrent | 363.22% | |
| Real estate % of loans | 95% | |
| Construction % of loans | 65.25% (p67 of band) | |
| Auto loans | $9.6M (0.50% of loans; DQ 1.44%, NCO 0.00%) | |
| Loans to nondepository financials | $0 (0% of equity) (p35 of band) | |
| Deposits YoY | 9.4% | |
| Employees | 196 | |

## Flags firing in the latest filing

- **expense ratio p90** (`earn_efficiency`)
- **NIM <2.5%** (`earn_nim`)

## Warning timeline

| Quarter | Score | Flags that first fired | Flags that cleared |
|---|---|---|---|
| 2011-03 | 3 | wholesale funding >15%, expense ratio p90, reserve under noncurrent |  |
| 2011-06 | 2 |  | expense ratio p90 |
| 2011-09 | 4 | capital falling, expense ratio p90 |  |
| 2011-12 | 2 |  | capital falling, expense ratio p90 |
| 2012-03 | 3 | expense ratio p90 |  |
| 2012-06 | 3 |  |  |
| 2012-09 | 3 |  |  |
| 2012-12 | 3 |  |  |
| 2013-03 | 3 |  |  |
| 2013-06 | 3 |  |  |
| 2013-09 | 3 |  |  |
| 2013-12 | 3 |  |  |
| 2014-03 | 2 |  | expense ratio p90 |
| 2014-06 | 2 |  |  |
| 2014-09 | 3 | capital falling |  |
| 2014-12 | 2 |  | capital falling |
| 2015-03 | 2 |  |  |
| 2015-06 | 3 | expense ratio p90 |  |
| 2015-09 | 4 | loans exceed deposits |  |
| 2015-12 | 4 |  |  |
| 2016-03 | 5 | charge-offs p90 |  |
| 2016-06 | 6 | capital falling |  |
| 2016-09 | 6 |  |  |
| 2016-12 | 4 |  | charge-offs p90, capital falling |
| 2017-03 | 4 |  |  |
| 2017-06 | 4 |  |  |
| 2017-09 | 4 |  |  |
| 2017-12 | 4 |  |  |
| 2018-03 | 2 |  | reserve under noncurrent, expense ratio p90 |
| 2018-06 | 4 | expense ratio p90, reserve under noncurrent |  |
| 2018-09 | 3 |  | reserve under noncurrent |
| 2018-12 | 3 |  |  |
| 2019-03 | 3 |  |  |
| 2019-06 | 3 |  |  |
| 2019-09 | 3 |  |  |
| 2019-12 | 4 | reserve under noncurrent |  |
| 2020-03 | 3 | capital falling | expense ratio p90, reserve under noncurrent |
| 2020-06 | 4 | expense ratio p90 |  |
| 2020-09 | 5 | reserve under noncurrent |  |
| 2020-12 | 3 |  | loans exceed deposits, capital falling |
| 2021-03 | 1 |  | wholesale funding >15%, expense ratio p90 |
| 2021-06 | 1 |  |  |
| 2021-09 | 2 | expense ratio p90 |  |
| 2021-12 | 3 | noncurrent p90 |  |
| 2022-03 | 0 |  | reserve under noncurrent, expense ratio p90, noncurrent p90 |
| 2022-06 | 2 | AOCI drag >20% of equity, securities losses >30% of equity |  |
| 2022-09 | 3 | wholesale funding >15% |  |
| 2022-12 | 3 | capital falling, expense ratio p90 | securities losses >30% of equity, wholesale funding >15% |
| 2023-03 | 0 |  | AOCI drag >20% of equity, capital falling, expense ratio p90 |
| 2023-06 | 3 | loans exceed deposits, wholesale funding >15%, uninsured deposits leaving |  |
| 2023-09 | 3 |  |  |
| 2023-12 | 3 | NIM <2.5% | uninsured deposits leaving |
| 2024-03 | 3 | capital falling | loans exceed deposits |
| 2024-06 | 4 | expense ratio p90 |  |
| 2024-09 | 4 |  |  |
| 2024-12 | 3 |  | capital falling |
| 2025-03 | 3 |  |  |
| 2025-06 | 3 | assets shrinking | wholesale funding >15% |
| 2025-09 | 3 |  |  |
| 2025-12 | 2 |  | assets shrinking |
| 2026-03 | 4 | loans exceed deposits, wholesale funding >15% |  |
| 2026-06 | 2 |  | loans exceed deposits, wholesale funding >15% |

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

- 2026-05-14 [First County Bank's new CEO sees opportunity as larger banks merge - ctinsider.com](https://news.google.com/rss/articles/CBMiowFBVV95cUxNejhfcjRfa2FiTTB1RDhza1hyTHljVXIwTVNGdl9JNWFkRHFVaG83WFl3UXdTOWJQbkl1LVpCRVk3X2hEdk5GWEZKOUNKY20wUy02S2lldVpkVGRiRVlqbll1M0NjaHo4M0lRb2dJSHVITnU1Nnk3V2pXTTkxc1JqTVduaDl3bzdKUXJnNFlNTXJBdk9tMEcxVW9jaHRvZ1RaRFJr?oc=5) · ctinsider.com
- 2026-05-18 [New First County Bank CEO Mhatre focuses on digital investment, community banking model - Hartford Business Journal](https://news.google.com/rss/articles/CBMiwgFBVV95cUxOVklScWRfdVVOWWN1elFRQmtrSTdUeWJaT0xCNWhCV2pwUmF4eWhnZV81MG5SU0Q5M1dCWFBlVU55bWZVclZSLUJvWm84aHZrd004bW5qV3pWc1VlRGxPRjk2eGUtYmRFZVA2LVdMeHhRQm5nbjJHMXl4TE9FcHhZUFAteU1RbVFXRXhKSUp3d3dNejlOemZ0a0dZWm1DMFBXZDdGVWJtN3FIaDV1RzBxMm12UWwzX1VTLS1VY0tnRW0wUQ?oc=5) · Hartford Business Journal
- 2026-01-14 [Stamford-based First County Bank hires head of Berkshire Bank as its next CEO - New Haven Register](https://news.google.com/rss/articles/CBMiqAFBVV95cUxQdEFIT0VHZnBwemFWbGsxdm1HTWx4TllXOGdfbk05cHI1Zm5hMVZ2aE1KT0k1VHg5d1NzRE5NeU5iWldKTll3c0pjaF9QS3JwMW4xUXZlOW1FM19jVjFBQktWZUtIRFAxNjcwd0RuMFdGWW5YcVFVTDVZM3hpb1JNaFI5MFBxRUdQSWlMZ3prbWdsUHFrU3FraXI5R1lwZ3ExWXZQSTBtb0U?oc=5) · New Haven Register
- 2026-06-03 [Bank Expands Wealth Management Team - Westfair Communications](https://news.google.com/rss/articles/CBMif0FVX3lxTE5nSUduSUNMWkN3MHVwWTZkaldBWFNPSHBTNHhYcFd4dWFfXzNQdUQ0NGw1c0JiVDVFMFZUQTZRUmw1VUJERUFDNFNzcmJYR0pqb2wwVzB2SENuaktIaV8wQjVfZFdISnVtMGtjWFMtcnZRNlFKd29OMWgtMTh1Y1U?oc=5) · Westfair Communications
- 2026-01-14 [Former Berkshire Bank CEO named new leader for CT bank - Hartford Business Journal](https://news.google.com/rss/articles/CBMilwFBVV95cUxQYjU3bV82UWZMcTJ5QUJEYnhtOEhxckJrZ01rdXRGRVVudEhmaXE1UlY4alJkcmZxQjBfNjFhd19TY2hILXprbjlnLXMxU2Q2emp4c3h5Q1NYQ0RGZVZfenBuNTBEWm9TVlBWcnlpeDdETDBIZXFOUFprUnBjVW50Q0YxNHRNWE5GdDMzbWVkMWRydTUxamhB?oc=5) · Hartford Business Journal
- 2019-08-24 [Promoted First County executives balance digital and analog banking - Stamford Advocate](https://news.google.com/rss/articles/CBMisAFBVV95cUxQa0IyeXlZYmUzZ3dvanlWRUZ5WEpFUjJ1dkZOMmxuektDQS1vMWtEZWZ4UGxEYWp5cHdGRE1TVGZmX284NjRDUmtJUzRhelBZc00yVnVDaF9QZ1BHTENJcUhZWFNTZ0hjYUUwd05CNlBmSmExb0VOcGt0YkFFUnlXVXptUW5xUHQ0cVl5ZFY4aVJJQU56T0hnaFR3cE5FVTdBV2wyYk9HN0ZLNlhZVF9fTg?oc=5) · Stamford Advocate
- 2022-02-21 [Community celebrations: Greenwich man joins First County Bank as new chief lending officer, and more - Greenwich Time](https://news.google.com/rss/articles/CBMid0FVX3lxTFBVWF8tOVBxTEM2RkpnZzRJUC1MUFByWF9UM2N4ZGRtdFljTkt5MEtfUjRPTTZZSG1QSFNTZ0c3b1N2Zy1NVk0zVmhGNWFFQ0lLdGJFVV82WWJCUGZMSE10VnJYNnVQLU11bENyZ09BY2dZQU9Gdlhn?oc=5) · Greenwich Time
- 2023-12-05 [First County Bank seeks to close branch in Stamford - ctinsider.com](https://news.google.com/rss/articles/CBMiqAFBVV95cUxNcU5BZ001ZHk4QWlGXzFSMzYxbjNoY1BsVFoydndIUXhXODlKemRncEVHenJUV0xNVHNtM2hPamVoZDE1Mllib19ZZGViLTBPaEtLTmJ1YldEMnJlOGxKbmdIQTBYWnVYUG5oVE13Rlp3U2RvM29YR0xOVC1WSnYyMDdPNFJuSDQwb0p2QWt4Tktvc2FGRGw3RzQ1X20tc24zT0RjMkVid1Y?oc=5) · ctinsider.com

## How to verify

- Page: https://getbookiq.com/bank-desk/#bank=18204 (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/28.json (key "18204", 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