# FLORENCE BANK
FLORENCE, MA · FDIC certificate 23293 · asset band $1-10B · latest filing 2026-06 · live

**Verdict on the desk:** this could be *run candidate*. 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 | $2.01B | |
| Deposits | $1.79B | |
| Loans and leases | $1.28B | |
| Total equity | $216.4M | |
| Loans / deposits | 71.00% (p18 of band) | 87.10% |
| Liquid assets / assets | 32.46% (p80 of band) | |
| Uninsured deposits / deposits | 24.55% (p29 of band) | 30.76% |
| Brokered deposits | 0.00% | |
| Wholesale funding | 0.00% (p6 of band) | |
| FHLB advances / assets | 0.00% | |
| Tier 1 leverage | 12.23% (p78 of band) | 10.50% |
| Unrealized securities loss / equity | -36.08% (p6 of band) | -7.75% |
| AOCI / equity | 0.15% (p86 of band) | |
| ROA (annualized) | 0.72% (p16 of band) | 1.26% |
| Net interest margin | 2.85% (p11 of band) | 3.70% |
| Efficiency ratio | 68.27% (p76 of band) | |
| Noncurrent loans | 0.46% (p45 of band) | 0.51% |
| Net charge-offs (annualized) | 0.00% (p32 of band) | |
| Reserve coverage of noncurrent | 145.12% | |
| Real estate % of loans | 97% | |
| Construction % of loans | 13.70% (p12 of band) | |
| Auto loans | $0 (0.00% of loans; DQ –, NCO 0.00%) | |
| Loans to nondepository financials | $0 (0% of equity) (p35 of band) | |
| Deposits YoY | 6.0% | |
| Employees | 217 | |

## Flags firing in the latest filing

- **securities losses >30% of equity** (`cap_secloss`)

## Warning timeline

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

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

- 2026-07-06 [Florence Bank expands with new Holyoke branch opening - WWLP](https://news.google.com/rss/articles/CBMiqgFBVV95cUxNaG1Lb19qVnFvai1zRmo3azRFbGptZzB4MEtTajZuVXByWXdiT243TXQwSHNwQnNyRVpKRE5jcjVsam9SazBUUmtLd3pLdGZBUy04SDJtZnltc1FUZzdTOFY3Sy1vc2tNdGYxUnZjbTdZbWlwWmM3M1FTVm1PRGdFb3R0Sy1BdkdIcDk2TVYtV1YtNmdHTERnQk1BMFY4U3lrQ2trTUFrRUIwQdIBrwFBVV95cUxPSy1qSjA1b1p4b2NHeFJ0WE12MVNmaDExYlVaR1d3T1BMdzV1V1Njb1hwaG1FTnBkTFBSUlhZS0czUUI2elU4Z2lxVXlGTVRhWEx4WFFpNXIxWTBtMExZMkhlc2ZYNmNySURFMVgxR3NQcVc4bXp6Y2FqX1ZzVXktVnJkaWxJQTR0T1RUc0hJa09DSXZ6UGp2aWd6dk5tWFhIdWRDVk1WV3c2TktQUXkw?oc=5) · WWLP
- 2026-07-06 [Florence Bank opens branch in Holyoke - MassLive](https://news.google.com/rss/articles/CBMikAFBVV95cUxPNlp5ZWZONF9kR3pKVFp6U2lCeXBHQ2JMUWxJVkFsTWo1cDFTalFaS0ZlWjVFM2ZNZk5ORzFvUFV3MDBNNU8wa2JlYS13a1ZJSVdOR0UyclpQY2F4cmVQdHlwMUh5MlRhNUdtQ09JNG9XenNnZVljMTAwNTBYSk02NGg0czR1aUl3WFJSSTZybHU?oc=5) · MassLive
- 2026-07-16 [Florence Bank Data Breach Exposes Social Security Numbers - Claim Depot](https://news.google.com/rss/articles/CBMiaEFVX3lxTE04TEpVaC13dDJoSDZ5TEZfSTJsdFZDYkNqcG5VdkVieVdHRFRNY2ZzdkdTcU5rdTBoN1pMbVUtQWlTZ3hYWXp6RjJsaTBfWVlqQVZOQnhOeDhzNVFHYXZrcXhZS2RraDJL?oc=5) · Claim Depot
- 2026-05-28 [Florence Bank names Eric Padelford as new Chief Financial Officer - WWLP](https://news.google.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?oc=5) · WWLP
- 2026-01-15 [Florence Bank Promotes Ryan Hess to Senior VP / Chief Commercial Banking Officer - BusinessWest](https://news.google.com/rss/articles/CBMirgFBVV95cUxOSGN3TU1yM2pRbkM5eXA0ZENIYm5ZV0FnUld5MnlxX0FpQm9TUWotRlRaOW1Ka3Y2QloxQldmc2FLbjZrV1RwYU1sTmd2XzNDam1Oa0IwWlRCTXZTLTMwWFBvTEVUVGduTFZDQWo4dHBPQ3NrNG1ZMEFyS0Q1RVB6OGN4TDR3eHdSeDgtMkFsQU9OTUJJeDcwOWtJTllobUVnMmVfdTVWOGlBaVNjYVE?oc=5) · BusinessWest
- 2026-07-09 [Making News in Business, July 10 - Daily Hampshire Gazette](https://news.google.com/rss/articles/CBMidEFVX3lxTE04UHc3ZXd2dFNvY3JiS2lPUi04RkhSaUVqeGtGeC1CcHJBZ1VQT0JuNUc2Z29qWWR3YXVkcFhTR2ZxLWh3U0lYWW5vOGJZdzVwOXJWVWZtdFRTbkxNWmZQdTlKQ3hMcWpZdURCcUdlczhTTGt3?oc=5) · Daily Hampshire Gazette
- 2025-08-23 [Florence Bank breaks ground on Holyoke location - Western Mass News](https://news.google.com/rss/articles/CBMikgFBVV95cUxPOWtqc3AtMGVIcEtMbkRMQ2tIZTZOV21JeEoxNlZQYWtSSUgweFROUjV4ZGZUSHRQOUZEZHgyZVE1SHVsOFNEa1ZBQ3k2RTlNZWpZejVqVGVheHB5dG8yeFl3bnVCY0JzYl91NW42OGp5ek5qOUMxa3duMkFVdjM4UXBUWVpZQkdDRlZCTjREbnJQUdIBpgFBVV95cUxQajYzeGRDYmJmMUNhaHh2R1UwN2t0WGNGVURmNE9mXzgxU3Bjd090Y3RIdHhBR3Fya3BNOHFuUlI2X3htV3pmSHpaU3pOVWxPV28ydnBCcWp1RTczZnh1RWtJVF9OSU96V2ZlWnBRaU5YbEpMek8yeG9HZk9ObzBDcjFfNnpFN2phS1ZvSGxXb1oxVjlGenZpaTA5S20xekNXaFAxbkZ3?oc=5) · Western Mass News
- 2026-05-08 [Florence Bank donation aids YWCA domestic violence support - WWLP](https://news.google.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?oc=5) · WWLP

## How to verify

- Page: https://getbookiq.com/bank-desk/#bank=23293 (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/61.json (key "23293", 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