# SB ONE BANK
FRANKLIN, NJ · FDIC certificate 22221 · asset band $1-10B · latest filing 2020-06 · stopped filing (departed)

**Verdict on the desk:** this could be *funding-stretched*. Composite score 5 (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 | $2.20B | |
| Deposits | $1.74B | |
| Loans and leases | $1.77B | |
| Total equity | $224.8M | |
| Loans / deposits | 101.57% (p87 of band) | 87.07% |
| Liquid assets / assets | 14.00% (p16 of band) | |
| Uninsured deposits / deposits | 16.63% (p17 of band) | 28.71% |
| Brokered deposits | 22.68% | |
| Wholesale funding | 32.11% (p95 of band) | |
| FHLB advances / assets | 9.19% | |
| Tier 1 leverage | 9.77% (p54 of band) | 9.64% |
| Unrealized securities loss / equity | 2.28% (p47 of band) | 2.50% |
| AOCI / equity | -2.94% (p2 of band) | |
| ROA (annualized) | 1.10% (p64 of band) | 0.94% |
| Net interest margin | 3.29% (p37 of band) | 3.46% |
| Efficiency ratio | 61.09% (p48 of band) | |
| Noncurrent loans | 0.76% (p68 of band) | 0.53% |
| Net charge-offs (annualized) | 0.02% (p45 of band) | |
| Reserve coverage of noncurrent | 84.06% | |
| Real estate % of loans | 89% | |
| Construction % of loans | 50.35% (p56 of band) | |
| Auto loans | $94,000 (0.01% of loans; DQ 0.00%, NCO 0.00%) | |
| Loans to nondepository financials | $0 (0% of equity) (p38 of band) | |
| Deposits YoY | 17.5% | |
| Employees | 223 | |

## Flags firing in the latest filing

- **loans exceed deposits** (`liq_ltd`)
- **brokered >10%** (`liq_brokered`)
- **wholesale funding >15%** (`liq_wholesale`)
- **capital falling** (`cap_falling`)
- **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 | noncurrent p90 |  |
| 2011-12 | 2 | capital falling | noncurrent p90 |
| 2012-03 | 5 | losing money, expense ratio p90, noncurrent p90 |  |
| 2012-06 | 4 | charge-offs p90 | losing money, expense ratio p90 |
| 2012-09 | 2 |  | capital falling, charge-offs p90 |
| 2012-12 | 2 | charge-offs p90 | noncurrent p90 |
| 2013-03 | 3 | capital falling |  |
| 2013-06 | 1 |  | charge-offs p90, capital falling |
| 2013-09 | 1 |  |  |
| 2013-12 | 1 |  |  |
| 2014-03 | 1 |  |  |
| 2014-06 | 1 |  |  |
| 2014-09 | 2 | capital falling |  |
| 2014-12 | 3 | loans exceed deposits |  |
| 2015-03 | 2 |  | loans exceed deposits |
| 2015-06 | 1 |  | reserve under noncurrent |
| 2015-09 | 2 | reserve under noncurrent |  |
| 2015-12 | 3 | loans exceed deposits, wholesale funding >15% | reserve under noncurrent |
| 2016-03 | 2 |  | loans exceed deposits |
| 2016-06 | 3 | loans exceed deposits |  |
| 2016-09 | 2 |  | capital falling |
| 2016-12 | 2 |  |  |
| 2017-03 | 2 |  |  |
| 2017-06 | 3 | reserve under noncurrent |  |
| 2017-09 | 3 | brokered >10% | reserve under noncurrent |
| 2017-12 | 4 | capital falling |  |
| 2018-03 | 5 | expense ratio p90, reserve under noncurrent | brokered >10% |
| 2018-06 | 5 | noncurrent p90 | expense ratio p90 |
| 2018-09 | 6 | brokered >10% |  |
| 2018-12 | 6 | uninsured deposits leaving | capital falling |
| 2019-03 | 6 |  |  |
| 2019-06 | 5 |  | noncurrent p90 |
| 2019-09 | 5 |  |  |
| 2019-12 | 5 | capital falling | uninsured deposits leaving |
| 2020-03 | 5 |  |  |
| 2020-06 | 5 |  |  |

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

- 2020-03-12 [Provident, SB One announce merger to create NJ’s 3rd-largest bank - NJBIZ](https://news.google.com/rss/articles/CBMihgFBVV95cUxQaVBpaUVVdnM0Y29vbFg5TUtmbUlkYi1XNjhqUFpPU05YSWxMUGNmdUxGX2NxaVZTX2M3RXpmY1gyU1ZhVDhENmRmeEw3MTRNbVF4TU5MZ2pYZmozTFo3XzA2WTgwc2Fvek80VnRGenRFOGloT0JjWUNYemxWX2xGQV9BOXg3dw?oc=5) · NJBIZ
- 2020-03-12 [SB One Bank to be acquired by Provident - New Jersey Herald](https://news.google.com/rss/articles/CBMiggFBVV95cUxNNXVZdlJTVGV1bHBUSmNtUTZjRU1oTEZxcXFpbTRUWmZwbm1aSDU5TnJTamRPOEI1VVhTaUp1Wk5FbGVJd2ZHcEhobjlPbEpRZnhIbklnQlNYWmU3dktFSFRSbjVZLVNvX3Ria2pDUjc4VnFYaDNvWUVVeGhfekxfbkVR?oc=5) · New Jersey Herald
- 2026-06-24 [Provident Bank names Duarte EVP and CFO, succeeding Lyons - ROI-NJ](https://news.google.com/rss/articles/CBMioAFBVV95cUxNNHhObXRMWGlINTRVS2FGVkRWUUh2azZFSlFON25tZzBlbU1iUlB0cHlKNWxKR0pKNXhaTzl0bU0yLTJxV1p5dUxxZXRKMktjN204d1ZBelVnVUpQQ3JKSFREcG1ibE9GX0V5T3JNY3ctX1ZQTEljRlJPaXEyZ0VsVXpEMWt1cVE5ZEt4QzJxVFlrZGk4aWxxNThIeVZodFdx?oc=5) · ROI-NJ
- 2019-06-20 [SB One Bank Names Anthony F. DeSenzo EVP/Head of Commercial Lending - National Mortgage Professional](https://news.google.com/rss/articles/CBMipwFBVV95cUxNeUZsSFhqbVB6NVdBN1V0bWNQc2hXdzBlYUZ3cFFMb2NBem45d0puNmFITXhmaS1oSVkwRXNpVGtwQzFHb085NlJfZ2EyZXM3LVh6aWhXQmdMOXNEVWhBSmduX01EdnNja1ZaY293bDBPMXp4VlpYQXlrVTlpVjd2aGJhaGd2M1ZMR2p6eUVYSWpxVmVMeTJuRTJRbE5yQ0NraU1TSXd5RQ?oc=5) · National Mortgage Professional
- 2020-06-01 [M&A Update: Pacific Premier Acquires Opus Bank - Banking Exchange](https://news.google.com/rss/articles/CBMingFBVV95cUxOb2RXejc5MDVLYkJXRDZmOS05UnVlc2ZjdEllaUxmMktxZlVxR21CVTN2OW1ubUpaWDA1bnE5c19xSGlMa3M5Wnd5bDJ2ODlqMkFvNzVTVEF2eXFNQWtaTUVOMnFMU0NyMzJBbjlENnFzdVZNQ1UyaDZkbllTVG50ZDdfUTNjcWN4bWcxbXFGZmhDNThNdjhQdTJ3c2ZwQQ?oc=5) · Banking Exchange
- 2018-04-19 [New name suggests regional focus for growing N.J. bank - American Banker](https://news.google.com/rss/articles/CBMikgFBVV95cUxPOVZRT2Y4ajVrX1ViWjFJME1WM25Namx4bmRSclhWR05CYU92X1pZcE5Td1NVYXFUcjJsdWwyU0ZqMF9lV0xQSXVFelhrSklpc2xqb3R4aFRrVWRCeHMtNkNyS3dUUWNNVldnazVvcGFfdFFRajNvZDlCZ2NvX2thVzlWRE93d2FXLTdnOW1ESlpyQQ?oc=5) · American Banker
- 2022-10-28 [Unity Bank taps Peene as senior vice president, chief depository officer - Real Estate NJ](https://news.google.com/rss/articles/CBMilAFBVV95cUxPYldkMENsbmszRldkVXpaNVZqNkxkMVJsODU2VWZDTTRTZDFrX0g0QnV6T09DOEIwbElzemxyNFNMaVVCSmdrdzkwZnF2QlBPTmpPNXFTajItcm5oNm9GdlBUMUUtcERWNzRrX29KMm9IOEVsWTBTUXY0YnJ1dmw0OHpwZXF5U3ozYkpLZGd1UmU5cFZp?oc=5) · Real Estate NJ
- 2022-07-08 [SB One Insurance rebrands as Provident Protection Plus - ROI-NJ](https://news.google.com/rss/articles/CBMingFBVV95cUxQU01OUDl6eFhZWTBNbW5WTlNpQlUyc1dZYlo3RllqM0ktbWV1MkhCT3hoT3NDX3pNRVRjSnpIUXM3aVRQSkF0UEZLZUM2ZFVDMVVDRmpBTEtHVFBCLXdMU0RodFphZnMzcWw5aFRpZ0pFUGJ2SUUyYl81czduclZ4bkM2LXgzZnBYTE1tY2xXRXNsdXpVZTVfTkRLRnFQZw?oc=5) · ROI-NJ

## How to verify

- Page: https://getbookiq.com/bank-desk/#bank=22221 (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/13.json (key "22221", 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