# MILLBURY SAVINGS BANK
MILLBURY, MA · FDIC certificate 21920 · asset band <$300M · latest filing 2019-09 · stopped filing (departed)

**Verdict on the desk:** this could be *ordinary*. 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 | $221.2M | |
| Deposits | $180.3M | |
| Loans and leases | $172.9M | |
| Total equity | $30.1M | |
| Loans / deposits | 94.99% (p84 of band) | 77.79% |
| Liquid assets / assets | 18.19% (p20 of band) | |
| Uninsured deposits / deposits | 13.95% (p42 of band) | 15.94% |
| Brokered deposits | 0.00% | |
| Wholesale funding | 3.48% (p62 of band) | |
| FHLB advances / assets | 3.48% | |
| Tier 1 leverage | 13.47% (p71 of band) | 11.56% |
| Unrealized securities loss / equity | 0.35% (p38 of band) | 0.80% |
| AOCI / equity | 2.09% (p47 of band) | |
| ROA (annualized) | 0.62% (p24 of band) | 1.05% |
| Net interest margin | 4.05% (p63 of band) | 3.84% |
| Efficiency ratio | 79.42% (p75 of band) | |
| Noncurrent loans | 0.37% (p41 of band) | 0.56% |
| Net charge-offs (annualized) | -0.01% (p18 of band) | |
| Reserve coverage of noncurrent | 266.92% | |
| Real estate % of loans | 91% | |
| Construction % of loans | 42.42% (p76 of band) | |
| Auto loans | $773,000 (0.45% of loans; DQ 0.00%, NCO 0.00%) | |
| Loans to nondepository financials | $0 (0% of equity) (p48 of band) | |
| Deposits YoY | -2.8% | |
| Employees | 34 | |

## Flags firing in the latest filing

- none

## 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 | 0 |  | reserve under noncurrent |
| 2012-03 | 1 | reserve under noncurrent |  |
| 2012-06 | 2 | uninsured deposits leaving |  |
| 2012-09 | 1 |  | uninsured deposits leaving |
| 2012-12 | 1 |  |  |
| 2013-03 | 1 |  |  |
| 2013-06 | 1 |  |  |
| 2013-09 | 1 |  |  |
| 2013-12 | 3 | deposits shrinking, assets shrinking, uninsured deposits leaving | reserve under noncurrent |
| 2014-03 | 0 |  | deposits shrinking, assets shrinking, uninsured deposits leaving |
| 2014-06 | 0 |  |  |
| 2014-09 | 0 |  |  |
| 2014-12 | 0 |  |  |
| 2015-03 | 0 |  |  |
| 2015-06 | 0 |  |  |
| 2015-09 | 0 |  |  |
| 2015-12 | 0 |  |  |
| 2016-03 | 0 |  |  |
| 2016-06 | 1 | capital falling |  |
| 2016-09 | 0 |  | capital falling |
| 2016-12 | 0 |  |  |
| 2017-03 | 0 |  |  |
| 2017-06 | 0 |  |  |
| 2017-09 | 1 | capital falling |  |
| 2017-12 | 1 |  |  |
| 2018-03 | 0 |  | capital falling |
| 2018-06 | 0 |  |  |
| 2018-09 | 1 | assets shrinking |  |
| 2018-12 | 0 |  | assets shrinking |
| 2019-03 | 0 |  |  |
| 2019-06 | 0 |  |  |
| 2019-09 | 0 |  |  |

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

- 2019-02-27 [bankHometown and Millbury Savings Bank to merge creating a $1 billion community bank with 15 offices - PR Newswire](https://news.google.com/rss/articles/CBMi6wFBVV95cUxQRDJ4TWVTX0RTekpyX3R3N1lRZTN2eUo4d21uLWhPcXByQ0ZGYm1VYUFFWHpJQ1FXaUlMZmdtVUdWSTJCOE1oRFRERW5FdTlTMlJ3Q1gxU3JZMGN1Qm5rU0J6WDFXelhXNFVRZldvZU9ma21qTk5VRVQ0Uzd3MU5qazFMYWZEcVF5WFBUSVpvdTRYSzFkeHotcFlRaGJOWkJvQTJxQnZWVDc1V0pqdGlMM01YRGNDWjdnVHdCSTFCN3lEQUVXWm1zcGliVFNjcm5jcUlxYWMwZlVrQ292WDBwVUhwZUtTdjRFbVJ3?oc=5) · PR Newswire
- 2019-10-21 [Millbury Savings, bankHometown merger creates $1B bank - Worcester Telegram](https://news.google.com/rss/articles/CBMitgFBVV95cUxPVDE1blQzMHlTX2pObzlTb2Z2MDlKUnYzOUNzV3JlOFo5cjRNUU5BejIxV1RhUHloamRhdXI3YmFqYlpxc3RwUWVCS25veDFrdEdLVWltWlh0dEpyNnIzVzV4enhGRERkckdHaWxiT0ttOHRLcmtRVkkyQUFQYUt3VXZxbkhxTVc4dGFPSU9ZNTRGT3oySFp6d3UyQWVfY2FmUnNVay1HUF8zN1dhUDduOVpHTUU3dw?oc=5) · Worcester Telegram
- 2019-02-27 [Millbury Savings Bank, bankHometown plan $1B merger - wbjournal.com](https://news.google.com/rss/articles/CBMihwFBVV95cUxNMFg0MC1mLTlGdWJmRkJYR0x6MEpaeWs3QVROc1E5dm5pOUo3eGJ5VG1CbURkSFlEOWlhZVVKQVYwcGJGNFY0cVN2aEJjNkZLZFh0bGIxbnFaXzIyTm13NGdvSnNoRmtOZDhxazBpeG1JekkwczdNeWF1Z1VJN2V6NFRjck15R2c?oc=5) · wbjournal.com
- 2019-02-27 [BankESB parent acquires Millbury Savings Bank; Millbury, Worcester branches to remain - MassLive](https://news.google.com/rss/articles/CBMiygFBVV95cUxPWTY4NXp4Z1ZPZGVmaENVblBtajNKejB3UXcxZS1wS1ZPdGZJNDNtVE9Ta2tHVWtGWjZSY3RVREdWNmhZRTlvZEhHbF9ZdE1sXzg4SnRaQ3J1QTMwQ29zQUk3SnhPZERMX3hIMk1JSjRqM25INXBGTXhKZy1aWnNwbnY4aTBpeVNILWpjY0RjV3loV29CeWZGNFlMbkpZY1EyWVZyaWJZX2NsRXhMSWNsYjM0NXVpV3dlZVFLYlV4dFE5OTFtblZ5MU9R?oc=5) · MassLive
- 2019-03-05 [bankHometown, Millbury Savings Bank to Merge - BusinessWest](https://news.google.com/rss/articles/CBMif0FVX3lxTE1ySzFab3pCM1V2QjZBVy1hMVJQR0RtM1ZwWlhVSEpTVG9PdUt6ODVPd1JjQmFYUkVyT184RXFCZUpmdjN5ekNJWnpfWkZhYzV1XzhDWGFxTUoyQ2dlWmJRWFF1d2tQOGxFaHZsUEhLaFRLU3VyRFA3T01DSkJESGc?oc=5) · BusinessWest
- 2022-01-31 [bankHometown and Millbury Savings Bank merger creates $1bn local bank - Business Chief](https://news.google.com/rss/articles/CBMivAFBVV95cUxObEZwVFRJektnRnREMGxfSUIzY0JuZzczYXJIeGVPUlV3ZXZHUzZwa2lSZ1I2Ql9fQ2NWOGxFN2c3MVVnd2U4OW4wdU5uNmF3WjFfSjV5OXNtWGFsMUNGS2pyX20ybkVvc3RuNXJyVE01YWpaQzI5X3cyTDloMlZtNmI1ekNsZDNqbUZneGU0VHBXVnRmMko0cEpfODdUT0RiTndMaGZQS3AyZWdPOXJmMFNJS0p4V1FvN09tcw?oc=5) · Business Chief
- 2019-10-21 [bankHometown completes merger with Millbury Savings Bank and welcomes Robert J. Morton as President and CEO - PR Newswire](https://news.google.com/rss/articles/CBMi9AFBVV95cUxQcEl5YnlINGRtVWJzaHBnVkxsUFVTX1dBdVQxRXRMOVdQZ3JJb1EtSUdJLWJ0eTQxOFo3TzRmSnZLYWNMcG53amtFWDFpUVNrOG9GZllUeDd3MGs2R0VRWFB3LXpLUVJEbmVOVnI5VHdDZU5vakZxWUVRaTBMeTRqRHlGalJqOWxuYVcxb1NOODMwODFSZmtWNjlmWnltSlNTSFZTYUJabTd1aVM3ZExnWFYzREVtRzc1VG1BZE1SNEh3NS04YmEtR2oxUTZQb3ltUnlPUW5yUnNSbU9DYVJLOWFfdm5fV2taN0dnQnY4REJwSXdL?oc=5) · PR Newswire
- 2023-05-12 [Richard Townsend Obituary May 12, 2023 - Mulhane Home For Funerals](https://news.google.com/rss/articles/CBMiZ0FVX3lxTFBmNC0tNXpxV05tU25MZkdFcF92VEppMU5XN2lGeS1VbkwwT1hiZXBpZVdCSmtfRFk5eXpSdjNlQS14anlEanpGUFUtT0ROSVBpUDV2eUNDTlV2bXVRRlRyTDQ5d0NxN2M?oc=5) · Mulhane Home For Funerals

## How to verify

- Page: https://getbookiq.com/bank-desk/#bank=21920 (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 "21920", 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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