# BANK OF NEW ENGLAND
SALEM, NH · FDIC certificate 24540 · asset band $1-10B · latest filing 2026-06 · live

**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 | $1.82B | |
| Deposits | $1.49B | |
| Loans and leases | $1.56B | |
| Total equity | $302.3M | |
| Loans / deposits | 103.67% (p91 of band) | 87.10% |
| Liquid assets / assets | 11.25% (p8 of band) | |
| Uninsured deposits / deposits | 27.39% (p39 of band) | 30.76% |
| Brokered deposits | 24.50% | |
| Wholesale funding | 24.50% (p93 of band) | |
| FHLB advances / assets | 0.00% | |
| Tier 1 leverage | 16.78% (p96 of band) | 10.50% |
| Unrealized securities loss / equity | -0.10% (p96 of band) | -7.75% |
| AOCI / equity | 0.00% (p75 of band) | |
| ROA (annualized) | 2.17% (p92 of band) | 1.26% |
| Net interest margin | 4.22% (p78 of band) | 3.70% |
| Efficiency ratio | 29.67% (p3 of band) | |
| Noncurrent loans | 1.73% (p89 of band) | 0.51% |
| Net charge-offs (annualized) | 0.10% (p77 of band) | |
| Reserve coverage of noncurrent | 53.84% | |
| Real estate % of loans | 97% | |
| Construction % of loans | 194.71% (p100 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 | 3.7% | |
| Employees | 110 | |

## Flags firing in the latest filing

- **loans exceed deposits** (`liq_ltd`)
- **brokered >10%** (`liq_brokered`)
- **wholesale funding >15%** (`liq_wholesale`)
- **reserve under noncurrent** (`aq_reserve`)
- **construction >100% equity** (`conc_construction`)

## Warning timeline

| Quarter | Score | Flags that first fired | Flags that cleared |
|---|---|---|---|
| 2011-03 | 2 | reserve under noncurrent, construction >100% equity |  |
| 2011-06 | 2 |  |  |
| 2011-09 | 2 |  |  |
| 2011-12 | 3 | capital falling |  |
| 2012-03 | 2 |  | capital falling |
| 2012-06 | 1 |  | reserve under noncurrent |
| 2012-09 | 2 | reserve under noncurrent |  |
| 2012-12 | 4 | loans exceed deposits, liquid assets <10% |  |
| 2013-03 | 1 |  | reserve under noncurrent, loans exceed deposits, liquid assets <10% |
| 2013-06 | 3 | loans exceed deposits, liquid assets <10% |  |
| 2013-09 | 4 | reserve under noncurrent |  |
| 2013-12 | 2 |  | construction >100% equity, reserve under noncurrent |
| 2014-03 | 3 | capital falling, reserve under noncurrent | liquid assets <10% |
| 2014-06 | 2 | construction >100% equity | loans exceed deposits, reserve under noncurrent |
| 2014-09 | 4 | loans exceed deposits, liquid assets <10% |  |
| 2014-12 | 5 | brokered >10%, wholesale funding >15% | liquid assets <10% |
| 2015-03 | 3 |  | capital falling, loans exceed deposits |
| 2015-06 | 6 | loans exceed deposits, liquid assets <10%, reserve under noncurrent |  |
| 2015-09 | 6 |  |  |
| 2015-12 | 5 |  | reserve under noncurrent |
| 2016-03 | 4 | capital falling | loans exceed deposits, liquid assets <10% |
| 2016-06 | 6 | loans exceed deposits, liquid assets <10% |  |
| 2016-09 | 5 |  | capital falling |
| 2016-12 | 7 | uninsured deposits >50%, run vulnerability |  |
| 2017-03 | 4 | capital falling | loans exceed deposits, liquid assets <10%, uninsured deposits >50%, run vulnerability |
| 2017-06 | 5 | uninsured deposits leaving |  |
| 2017-09 | 4 |  | capital falling |
| 2017-12 | 4 |  |  |
| 2018-03 | 4 | loans exceed deposits | uninsured deposits leaving |
| 2018-06 | 6 | deposits shrinking, assets shrinking |  |
| 2018-09 | 4 | reserve under noncurrent | loans exceed deposits, deposits shrinking, assets shrinking |
| 2018-12 | 6 | loans exceed deposits, uninsured deposits leaving |  |
| 2019-03 | 5 |  | reserve under noncurrent |
| 2019-06 | 4 |  | uninsured deposits leaving |
| 2019-09 | 5 | capital falling |  |
| 2019-12 | 5 | liquid assets <10% | capital falling |
| 2020-03 | 4 |  | liquid assets <10% |
| 2020-06 | 4 |  |  |
| 2020-09 | 5 | capital falling |  |
| 2020-12 | 5 | liquid assets <10% | capital falling |
| 2021-03 | 3 |  | loans exceed deposits, liquid assets <10% |
| 2021-06 | 4 | capital falling |  |
| 2021-09 | 4 | loans exceed deposits | capital falling |
| 2021-12 | 3 |  | loans exceed deposits |
| 2022-03 | 3 |  |  |
| 2022-06 | 4 | loans exceed deposits |  |
| 2022-09 | 6 | liquid assets <10%, deposits shrinking |  |
| 2022-12 | 4 |  | liquid assets <10%, deposits shrinking |
| 2023-03 | 4 |  |  |
| 2023-06 | 4 |  |  |
| 2023-09 | 4 |  |  |
| 2023-12 | 4 |  |  |
| 2024-03 | 6 | noncurrent p90, reserve under noncurrent |  |
| 2024-06 | 6 |  |  |
| 2024-09 | 6 |  |  |
| 2024-12 | 7 | liquid assets <10% |  |
| 2025-03 | 4 |  | noncurrent p90, reserve under noncurrent, liquid assets <10% |
| 2025-06 | 6 | liquid assets <10%, capital falling |  |
| 2025-09 | 4 |  | liquid assets <10%, capital falling |
| 2025-12 | 4 |  |  |
| 2026-03 | 4 |  |  |
| 2026-06 | 5 | reserve under noncurrent |  |

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

- 2018-02-01 [What’s happening to community banks? - nhbr.com](https://news.google.com/rss/articles/CBMiZ0FVX3lxTFBKMEp4NVJIQnZQTnFoVFdCQnhDb3dQbGI3Z1oxZWZPdk1obndJOVJVQ0RhUnFQQVNONXdNN0xCeWZ6SzZLdmRobGxkUUpxT1ByRVp2S3VZdTFjZklieEtpM3hyeHhXTG8?oc=5) · nhbr.com
- 2019-12-23 [Police Asking for Public's Help in Identifying Manchester, NH Armed Robber - NBC Boston](https://news.google.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?oc=5) · NBC Boston
- 2023-09-18 [Primary Bank announces leadership change - Manchester Ink Link](https://news.google.com/rss/articles/CBMifkFVX3lxTE5PZDBGSS0xT1Vlbk9nYU50YjF0RU52VVdHaGpTVGdRempUNWR6WTJKQ1ptakRkRl8wRDBHVl82QXUyZUVXcFFMQW1aY0Iwc1BxanNzMWR3VGI2aDNjTXRDNElfVlJaUV9KclR3VDBjaGRUQ0pKdktVUFE3M2tDdw?oc=5) · Manchester Ink Link
- 2015-06-19 [Primary Bank Readies to Open Doors - Business NH Magazine](https://news.google.com/rss/articles/CBMigwFBVV95cUxPZ05UakZXQ21vbUR0WDJXNTRzb0FKS3hWWkpHYzcwZlhZanIyWGtRLUdJNWZaUmZWbUp0djZBTEFQcUxJUXhaLWtJMFFCMEE1LWZBejV4MXh1aElMWHlRbVlISU1UQV82TkYtZl9qU2tvTWVMWTNwVUV4cGVqa3U0OW9fNA?oc=5) · Business NH Magazine
- 2022-05-16 [Salem Bank Vice President Brittany Seidman Joins Newburyport Bank - Patch](https://news.google.com/rss/articles/CBMiqgFBVV95cUxQN052ay1kTGpxejl6TW00Y2owaXdPYWt3dXhpOTR1all0Z0xVbjBHQ3BzcWJFVUpyVzNOYkowbWlBQ1EzNExhMEY1WEtQZ0hZVHVTUUdBa3NqU1dxck0xaDIycFZiSmhVb1p5VXREekZDbWxSZE1Hb201YlNseElxRmxIdE9qNEE2UnNoUThsTXRyemVmbEVoT1JoNWsyRnY5VXE5YTdpR1ZXQQ?oc=5) · Patch
- 1991-04-23 [REGULATORS PICK BUYER TO OPERATE NEW ENGLAND BANK (Published 1991) - The New York Times](https://news.google.com/rss/articles/CBMinwFBVV95cUxNOFhLaEdkaXp3MHlBdjR2ZnJ3c2pNc2RKVEhrOWVSTmxxZFptQTNfZGVaX2RQRWd5NHZvR05UdlF4NXhoYlJCb2otX1l6V2t0QUxobFB1QXJDRG1OZVNXc3Q2RmF5alhUdGxndWtsdG5rajNCYVh1NXVSM1RlaFNRb0xrV3FkNy01U2cweWlmZlB3YXBscmZUalM4U3FtWXM?oc=5) · The New York Times
- 1991-10-10 [Eight failed N.H. banks closed, turned over to new owners - upi.com](https://news.google.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?oc=5) · upi.com
- 2012-05-17 [Dracut golf course remains shuttered - Lowell Sun](https://news.google.com/rss/articles/CBMigAFBVV95cUxOZmQzY2tFMFRsZWVlbDE3MWhPcTk2LVhxa1R4TlBYc3NaZ254MU95RklKMVNwZ0tGWGVfclFUd3loZUpjYXlneTVmUUdzLUtqNFhKMkJlTGg3M0ZDNGVnbWFzaEp0RXpHR0dJZ2dzeVlaU1lCYjUzdXhGTXBjM0stLQ?oc=5) · Lowell Sun

## How to verify

- Page: https://getbookiq.com/bank-desk/#bank=24540 (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 "24540", 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