# FIRST IPSWICH BANK
IPSWICH, MA · FDIC certificate 2595 · asset band $300M-1B · latest filing 2019-12 · stopped filing (departed)

**Verdict on the desk:** this could be *ordinary*. Composite score 2 (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 | $466.4M | |
| Deposits | $374.9M | |
| Loans and leases | $300.7M | |
| Total equity | $44.6M | |
| Loans / deposits | 79.57% (p37 of band) | 85.34% |
| Liquid assets / assets | 32.57% (p75 of band) | |
| Uninsured deposits / deposits | 35.92% (p83 of band) | 22.41% |
| Brokered deposits | 0.54% | |
| Wholesale funding | 9.23% (p74 of band) | |
| FHLB advances / assets | 6.53% | |
| Tier 1 leverage | 8.80% (p10 of band) | 10.60% |
| Unrealized securities loss / equity | 1.26% (p63 of band) | 0.73% |
| AOCI / equity | 3.18% (p66 of band) | |
| ROA (annualized) | 0.32% (p5 of band) | 1.13% |
| Net interest margin | 2.98% (p12 of band) | 3.74% |
| Efficiency ratio | 85.28% (p93 of band) | |
| Noncurrent loans | 0.42% (p42 of band) | 0.54% |
| Net charge-offs (annualized) | 0.21% (p89 of band) | |
| Reserve coverage of noncurrent | 187.64% | |
| Real estate % of loans | 89% | |
| Construction % of loans | 54.96% (p65 of band) | |
| Auto loans | $0 (0.00% of loans; DQ –, NCO 0.00%) | |
| Loans to nondepository financials | $0 (0% of equity) (p44 of band) | |
| Deposits YoY | 2.8% | |
| Employees | 56 | |

## Flags firing in the latest filing

- **capital falling** (`cap_falling`)
- **expense ratio p90** (`earn_efficiency`)

## Warning timeline

| Quarter | Score | Flags that first fired | Flags that cleared |
|---|---|---|---|
| 2011-03 | 2 | NIM <2.5%, reserve under noncurrent |  |
| 2011-06 | 1 |  | NIM <2.5% |
| 2011-09 | 1 |  |  |
| 2011-12 | 1 |  |  |
| 2012-03 | 2 | losing money |  |
| 2012-06 | 1 |  | losing money |
| 2012-09 | 2 | capital falling |  |
| 2012-12 | 2 |  |  |
| 2013-03 | 1 |  | capital falling |
| 2013-06 | 1 |  |  |
| 2013-09 | 1 |  |  |
| 2013-12 | 2 | capital falling |  |
| 2014-03 | 1 |  | capital falling |
| 2014-06 | 1 |  |  |
| 2014-09 | 1 |  |  |
| 2014-12 | 1 | capital falling | reserve under noncurrent |
| 2015-03 | 2 | brokered >10%, reserve under noncurrent | capital falling |
| 2015-06 | 3 | wholesale funding >15% |  |
| 2015-09 | 2 |  | wholesale funding >15% |
| 2015-12 | 2 | wholesale funding >15% | reserve under noncurrent |
| 2016-03 | 1 | reserve under noncurrent | brokered >10%, wholesale funding >15% |
| 2016-06 | 2 | wholesale funding >15% |  |
| 2016-09 | 3 | capital falling, noncurrent p90 | wholesale funding >15% |
| 2016-12 | 3 | charge-offs p90 | capital falling |
| 2017-03 | 4 | losing money, expense ratio p90 | charge-offs p90 |
| 2017-06 | 5 | capital falling |  |
| 2017-09 | 5 |  |  |
| 2017-12 | 4 | charge-offs p90 | noncurrent p90, capital falling |
| 2018-03 | 2 |  | losing money, charge-offs p90 |
| 2018-06 | 2 |  |  |
| 2018-09 | 1 |  | expense ratio p90 |
| 2018-12 | 1 |  |  |
| 2019-03 | 2 | expense ratio p90, charge-offs p90 | reserve under noncurrent |
| 2019-06 | 2 |  |  |
| 2019-09 | 3 | capital falling |  |
| 2019-12 | 2 |  | charge-offs p90 |

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

- 2019-10-24 [Brookline Bank to merge with sister North Shore lender - The Business Journals](https://news.google.com/rss/articles/CBMipgFBVV95cUxPdnJUbW1NVDBPaGV6OVRyZ3VhczcySzZ4NTFtM3ZOMV9nd1BqOENHTXhidnQtbHliaHdYdkstYVp5bTRLZENJXzRwMGlsR2kxRGxwVTJDeUJPc2YyLUg4SC11Q2NRSklVdGhjTzluem1iTE9ZZ1QtazNYNFhrVFlMc3FQX09ob08yZ3FUQ2VVMnV3c1BoRlRPdHc2QnVIWlNyQ092cFdn?oc=5) · The Business Journals
- 2019-10-25 [Ipswich Bank to merge and lose its name - thelocalnews.news](https://news.google.com/rss/articles/CBMiiwFBVV95cUxOTlFfRDN3TDFCSkJncXU5eXdIU1IwWWUzZ1YyREwyMWJKMUpXTGZlczBjcU81VUp2NHdCZmE3SUFvUHhjdW9VY2NRempZOHVYSVpUaUZ6Y0s4SmhLLU1XTWhnYnlwS1pJMGMyRkduQkVuQkFjNnZ3VzdORGNubXlTX0VWMXBLRjNMOHUw?oc=5) · thelocalnews.news
- 2018-05-07 [Brookline Bank Merges With First Commons Bank - Patch](https://news.google.com/rss/articles/CBMiigFBVV95cUxNVEo5V3RidkpqaTBiTi1adjdQdU5RdkY2SC1CMmQtRmxNXzdIVm5pVElacGpVVUhZN3lkYmxRNElMaVdiNjNBX0N1RHAydUxrUEVqanZKYkNVNUpRWDZYWEpaYnlWakZOMEZydXloN0E1SEJqS1RzWlhva3VlbXdpeTJmcDdHdFpvRFE?oc=5) · Patch
- 2013-12-26 [Obituary information for James J. Guay - campbellfuneral.com](https://news.google.com/rss/articles/CBMieEFVX3lxTE8xRjNhNDh1Sk5wbVlnWWh6N1Y4NjE5ZklBVXRVNThhZDZoX1g3SkFXQ0xBblZjT2l2WXk3cEt3cVpyNDBFZWRXT0Naa2x4OWpqVlhUdmxWdEEyc0ZzYnlDWkM5TGVsUUY1YUJ4RFhPelhxSXBaQ0hoeQ?oc=5) · campbellfuneral.com
- 2017-01-17 [Obituary for Rev. Robert G. Cole, Sr - johnsonfuneralhomeme.com](https://news.google.com/rss/articles/CBMib0FVX3lxTE1rTlBtZ2c1a2hDVVNBTWZaZktPX19jODJkZ3R6UjgtMUtWZ2RGZEIyYl9VZ2VhaDVCWEhubzhVXzYzR002N3ZBZGU2TWVkWHN2emZoaDZlZWQ1WTVlN1NMTWhfT1NyUWxEYXYwY0tXNA?oc=5) · johnsonfuneralhomeme.com
- 2014-10-13 [Andrew William - odonnellfuneralservice.com](https://news.google.com/rss/articles/CBMibkFVX3lxTFBXcVNQYXRYYk5ieHJMRGZTalZfWXVNd2RleGxkNEE1aWxqdHYyN3Z4YlMyRWNZeW94dXBrZnRPaG9PZ0pkQXJPeGxPTm9EUExBUl80ZVlYZ2s3dl80RUlGbU9pOGdmRG9hMU5iTVVR?oc=5) · odonnellfuneralservice.com
- 2017-06-01 [Wendy Earle Obituary - thelocalnews.news](https://news.google.com/rss/articles/CBMiakFVX3lxTFBzMC1Zb3NiUXRMUjJNblJjX0dmLUlvcGlFanFwSDZvNVluSFlqWHhSZFV6WHNMYTlMR09iWXZjRGF0NHBmQ3IxREF2cExlVTMtbS1uMUdBNFhaS01kNTVFUVk0MWY1V0pNelE?oc=5) · thelocalnews.news
- 1976-04-13 [Obituary information for David A. Lang - campbellfuneral.com](https://news.google.com/rss/articles/CBMieEFVX3lxTFBDaDlNOUdHbkJhLWNDeXZyMVhER210d1dHLTZjZE1DdkN6NFF4QVcwUmxuSDdvSTFxMHRPR19KZGtMZ1lJUjR1ZnI2aGd3YzhDR3FDdlRqaWN3MGhTaG1LWkZab1daQ1E1TG5ESFdNRUpMcFVDb0Ywag?oc=5) · campbellfuneral.com

## How to verify

- Page: https://getbookiq.com/bank-desk/#bank=2595 (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/35.json (key "2595", 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