# PUTNAM BANK
PUTNAM, CT · FDIC certificate 18240 · asset band $300M-1B · latest filing 2020-03 · stopped filing (departed)

**Verdict on the desk:** this could be *funding-stretched*. Composite score 1 (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 | $503.5M | |
| Deposits | $376.5M | |
| Loans and leases | $382.4M | |
| Total equity | $73.2M | |
| Loans / deposits | 100.67% (p87 of band) | 84.67% |
| Liquid assets / assets | 18.57% (p32 of band) | |
| Uninsured deposits / deposits | 10.19% (p8 of band) | 22.09% |
| Brokered deposits | 0.11% | |
| Wholesale funding | 10.20% (p75 of band) | |
| FHLB advances / assets | 9.06% | |
| Tier 1 leverage | 13.39% (p85 of band) | 10.64% |
| Unrealized securities loss / equity | -0.53% (p17 of band) | 1.01% |
| AOCI / equity | -0.79% (p18 of band) | |
| ROA (annualized) | 0.54% (p19 of band) | 0.99% |
| Net interest margin | 3.06% (p17 of band) | 3.64% |
| Efficiency ratio | 77.20% (p79 of band) | |
| Noncurrent loans | 0.86% (p65 of band) | 0.56% |
| Net charge-offs (annualized) | 0.03% (p67 of band) | |
| Reserve coverage of noncurrent | 100.70% | |
| Real estate % of loans | 94% | |
| Construction % of loans | 29.77% (p40 of band) | |
| Auto loans | $89,000 (0.02% of loans; DQ 0.00%, NCO 0.00%) | |
| Loans to nondepository financials | $0 (0% of equity) (p44 of band) | |
| Deposits YoY | -0.4% | |
| Employees | 92 | |

## Flags firing in the latest filing

- **loans exceed deposits** (`liq_ltd`)

## Warning timeline

| Quarter | Score | Flags that first fired | Flags that cleared |
|---|---|---|---|
| 2011-03 | 3 | wholesale funding >15%, securities losses >30% of equity, reserve under noncurrent |  |
| 2011-06 | 3 |  |  |
| 2011-09 | 3 |  |  |
| 2011-12 | 3 |  |  |
| 2012-03 | 3 | assets shrinking | securities losses >30% of equity |
| 2012-06 | 2 |  | assets shrinking |
| 2012-09 | 2 |  |  |
| 2012-12 | 3 | assets shrinking |  |
| 2013-03 | 3 | NIM <2.5% | assets shrinking |
| 2013-06 | 3 |  |  |
| 2013-09 | 3 |  |  |
| 2013-12 | 3 |  |  |
| 2014-03 | 4 | expense ratio p90 |  |
| 2014-06 | 2 |  | wholesale funding >15%, expense ratio p90 |
| 2014-09 | 3 | wholesale funding >15% |  |
| 2014-12 | 6 | capital falling, expense ratio p90, noncurrent p90 |  |
| 2015-03 | 7 | losing money, charge-offs p90 | noncurrent p90 |
| 2015-06 | 3 |  | wholesale funding >15%, capital falling, losing money, charge-offs p90 |
| 2015-09 | 4 | wholesale funding >15% |  |
| 2015-12 | 2 |  | expense ratio p90, wholesale funding >15% |
| 2016-03 | 2 |  |  |
| 2016-06 | 3 | expense ratio p90 |  |
| 2016-09 | 2 |  | expense ratio p90 |
| 2016-12 | 4 | deposits shrinking, uninsured deposits leaving |  |
| 2017-03 | 1 |  | NIM <2.5%, deposits shrinking, uninsured deposits leaving |
| 2017-06 | 2 | wholesale funding >15% |  |
| 2017-09 | 2 |  |  |
| 2017-12 | 3 | capital falling |  |
| 2018-03 | 2 |  | capital falling |
| 2018-06 | 2 |  |  |
| 2018-09 | 2 |  |  |
| 2018-12 | 2 |  |  |
| 2019-03 | 3 | uninsured deposits leaving |  |
| 2019-06 | 2 |  | uninsured deposits leaving |
| 2019-09 | 3 | capital falling |  |
| 2019-12 | 1 |  | wholesale funding >15%, capital falling |
| 2020-03 | 1 | loans exceed deposits | reserve under noncurrent |

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

- 2019-10-22 [Centreville Bank to acquire Putnam Bank for $115.5M - Providence Business News](https://news.google.com/rss/articles/CBMidkFVX3lxTFBSLVRFbm5KZW1SUndoNU5sSlpXQU8xbmJiZ011MnJ0dmNrWlFCNVNkU2pXaElNQnNNaDdIb2pfVnV3UzVNUGx4NmJ2OS0xamY5Yy1jMW9sSGZBZVNLVXpXVE1ncFBOTVdUVWJXb3ZqT0ZxTHB2TVHSAX5BVV95cUxQYlNJc2tIcG5aNnJYQVBPel9SRksyOGVmeTVBcTBLSEtPR0ROZEFwcGVtU0k2VTJNNVg3ZEU1VnJPY2lMbk0wLVlWaVRSOWR3b01lMlUyM05xaTdEa3ZyQWFLbVBxZzJqUG1qN3ZyUnRQMEQ3SGVxU04xVVMwOEE?oc=5) · Providence Business News
- 2019-10-25 [Putnam Bank acquired by bank in Rhode Island - Norwich Bulletin](https://news.google.com/rss/articles/CBMiogFBVV95cUxNdGpKSi0xcnhxVjlGeWVrdzJUNGNOckFTRVVNVGczR0xDMV8zQVVMbXVxc1FqWjBKcmN3a1VQbjRPc00wblJQSGVETVloVFFBU3dGazVCWWxvemlZalhYbXpPVUNWZ20yOXBHc1FlX01fbDZjV09qdHAzNDZnVzg0RDRXUFJNdlhMN0tKZk56dk5tclVXSGk0NEZtYURWQmFMLWc?oc=5) · Norwich Bulletin
- 2023-04-03 [Five Questions With: Harold M. Horvat - Providence Business News](https://news.google.com/rss/articles/CBMiZEFVX3lxTE5oa3dmM1hwYUF3VktWSmhHSHhJaVhPb1dxX3kxdUN5STNiLUhFb0FYc3BVTEhMcVVlMVVSLVFRdTdkaExwNTVWYkRLY3N2aTU5Tk9sTmlnekNsZUtzNHRFdzk3SUXSAWxBVV95cUxPY1c2VDZIb1lwRkpUWjZkbUVNN0tyVlotLW8wekxUdlhoN2V6eUdZR0VJaGUxVFpVZTFnU05FRDFHYm1nSHZnRjJ0SEVxYVhERlVWMnF5YjRQek5FdTVrZUlwTzZCRzl3T0xqLUs?oc=5) · Providence Business News
- 2014-07-01 [Putnam bank suspect nabbed via police work, technology - Lohud](https://news.google.com/rss/articles/CBMiswFBVV95cUxPaFhVdFpTM0YxRFdUN0VDWXVGVmc5UzE3cy10VjY4WTl6Ry1JZVhpWU1SdUxieC1zTFY2WEtZR2w0VVNXMm55ajUxdGtIbUxEUHNwVWJSSi1wSW1FbDRvR3lCSDZNVDdCN2N2MV9NUWZ5anZ6SW85YnNHVHBFbXQ3R0Y3RXd0ZTBMcVhBQ2dxZXNESGdCRUZQZ183SjZDaGNST0tyOElMajBEOExqa2ZoR1RZRQ?oc=5) · Lohud
- 2015-07-07 [Putnam Bank promotes Tonya Brock to assistant vice president - Norwich Bulletin](https://news.google.com/rss/articles/CBMiqAFBVV95cUxQNGFqU1lDZG05bjh6MzJOT3NuVHdFTTRCcUpqZ1UzM1lVMHVHaVZsU3RZT2tfUklMRmZiVFVBeVZJREFZNVV3LURvUTJaR1lhR0NES2JOc0dsTWVxd1ljWE9jeGUteEw4RVFIY1h2Q2FlVFJSaHNIR1BZSHVOcUtZNUxtRVAxa1NwdE5PVTlEa0NTTnNtQ3djVlQ2M21HYS1CdlVCbUQxeXI?oc=5) · Norwich Bulletin
- 2021-05-24 [Accused Putnam bank robber being held on a $1 million bond - Norwich Bulletin](https://news.google.com/rss/articles/CBMi5AFBVV95cUxNOGVRZWE0M200OVpnN2lOMFp6c0Ewa0tFbUF0ZzUyN2RiM1UtLUtUdFc5ck1WNWlqeHdWTHc3SkI0OHdod2l0bkVhNGE0U2g1NkZNbDI1em1KUlRNYXBUWlhGUXR3NGFEUjNON1ZhT2VycjgxdVpMR01WUmhIbURUY3FlOXZwSDJaanBvaWQ5Q0ZWV2F3QTNOaGpTU2RwWDZMSmZSX0dqT2dQRjZuY1o2RHg4enNMQjMxSENEbjVsSWZDMVBMMFZvNVBwSXBOOUg4ZFFMS2VjNGhya3p2NnY2cGllSmU?oc=5) · Norwich Bulletin
- 2010-03-21 [Pickup in recreational activities shows economic growth - Norwich Bulletin](https://news.google.com/rss/articles/CBMixAFBVV95cUxQQUxWYnJ1RGs4V1I1djRXZmdrOWtBQUR4ZWtGUWpHSWk2bUQxdnk5U0VlSkl0UGRpSzkxS2NaV0ZQZE10c0dTOXNGOHcxZjZwLW9LenRTUHB1dFFBZ2xoTmRLaUlzUnZMNG1sT3RhbkJrWlFFa3JHQnh1bW1oLXF1T0FFdjY0OTFCd0F2Q2lhd05qcEN5a2x0VDBuUjVmVXZoY2xhSlB6a2JWQ2IzR2pUeDU5U1BVRjBqUUxnWlN4WG4wZ1hw?oc=5) · Norwich Bulletin
- 2017-08-02 [DNA hit revives 2009 Putnam rape and home invasion case - Norwich Bulletin](https://news.google.com/rss/articles/CBMiogFBVV95cUxQeHNHS3pwQ28wbXpGdDJMVE9yc2Y4d1ZYcThMN2E2akd3SHJ4S3pJNGwwcFh3UmVQaXFGMjgxeXMyOElLdUotVl8xU25TUnk3bXVpZ2RoMUxSTGQzbFdCRWlKTU9iSzhXV2l2bmhGTUJpWjI0bk1adnl6OFhzWkI1aWJEb2MxTE8wN0pvbmpPTEZlLUw3MTRRSWJrWFZlYnFzY3c?oc=5) · Norwich Bulletin

## How to verify

- Page: https://getbookiq.com/bank-desk/#bank=18240 (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/0.json (key "18240", 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