# MUTUALONE BANK
FRAMINGHAM, MA · FDIC certificate 26395 · asset band $1-10B · latest filing 2026-06 · live

**Verdict on the desk:** this could be *credit-stressed*. Composite score 4 (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 | $1.22B | |
| Deposits | $924.5M | |
| Loans and leases | $889.8M | |
| Total equity | $257.2M | |
| Loans / deposits | 93.39% (p69 of band) | 87.10% |
| Liquid assets / assets | 24.99% (p64 of band) | |
| Uninsured deposits / deposits | 34.83% (p61 of band) | 30.76% |
| Brokered deposits | 9.04% | |
| Wholesale funding | 10.33% (p66 of band) | |
| FHLB advances / assets | 1.29% | |
| Tier 1 leverage | 21.08% (p98 of band) | 10.50% |
| Unrealized securities loss / equity | -9.51% (p42 of band) | -7.75% |
| AOCI / equity | -0.11% (p65 of band) | |
| ROA (annualized) | 0.88% (p23 of band) | 1.26% |
| Net interest margin | 3.32% (p27 of band) | 3.70% |
| Efficiency ratio | 71.49% (p82 of band) | |
| Noncurrent loans | 5.92% (p100 of band) | 0.51% |
| Net charge-offs (annualized) | 1.80% (p98 of band) | |
| Reserve coverage of noncurrent | 50.13% | |
| Real estate % of loans | 69% | |
| Construction % of loans | 41.85% (p44 of band) | |
| Auto loans | $9.5M (1.07% of loans; DQ 3.64%, NCO 0.00%) | |
| Loans to nondepository financials | $136.5M (53% of equity) (p97 of band) | |
| Deposits YoY | 8.3% | |
| Employees | 99 | |

## Flags firing in the latest filing

- **noncurrent p90** (`aq_noncurrent`)
- **charge-offs p90** (`aq_nco`)
- **reserve under noncurrent** (`aq_reserve`)
- **loans-to-lenders >50% equity** (`conc_warehouse`)

## 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 | 2 | loans exceed deposits |  |
| 2012-03 | 2 |  |  |
| 2012-06 | 2 |  |  |
| 2012-09 | 1 |  | loans exceed deposits |
| 2012-12 | 2 | capital falling |  |
| 2013-03 | 1 |  | capital falling |
| 2013-06 | 1 |  |  |
| 2013-09 | 1 |  |  |
| 2013-12 | 1 |  |  |
| 2014-03 | 2 | loans exceed deposits |  |
| 2014-06 | 2 |  |  |
| 2014-09 | 2 |  |  |
| 2014-12 | 4 | capital falling, noncurrent p90 |  |
| 2015-03 | 2 |  | capital falling, noncurrent p90 |
| 2015-06 | 3 | noncurrent p90 |  |
| 2015-09 | 3 | charge-offs p90 | noncurrent p90 |
| 2015-12 | 4 | capital falling |  |
| 2016-03 | 3 |  | charge-offs p90 |
| 2016-06 | 3 |  |  |
| 2016-09 | 2 |  | capital falling |
| 2016-12 | 2 | liquid assets <10% | reserve under noncurrent |
| 2017-03 | 2 | capital falling | liquid assets <10% |
| 2017-06 | 1 |  | capital falling |
| 2017-09 | 1 |  |  |
| 2017-12 | 2 | capital falling |  |
| 2018-03 | 2 |  |  |
| 2018-06 | 1 |  | capital falling |
| 2018-09 | 1 |  |  |
| 2018-12 | 1 |  |  |
| 2019-03 | 0 |  | loans exceed deposits |
| 2019-06 | 0 |  |  |
| 2019-09 | 0 |  |  |
| 2019-12 | 1 | loans exceed deposits |  |
| 2020-03 | 0 |  | loans exceed deposits |
| 2020-06 | 1 | loans exceed deposits |  |
| 2020-09 | 2 | deposits shrinking |  |
| 2020-12 | 1 |  | deposits shrinking |
| 2021-03 | 1 |  |  |
| 2021-06 | 1 | capital falling | loans exceed deposits |
| 2021-09 | 1 | loans exceed deposits | capital falling |
| 2021-12 | 1 |  |  |
| 2022-03 | 1 |  |  |
| 2022-06 | 1 |  |  |
| 2022-09 | 2 | wholesale funding >15% |  |
| 2022-12 | 4 | brokered >10%, capital falling |  |
| 2023-03 | 4 |  |  |
| 2023-06 | 4 |  |  |
| 2023-09 | 4 | liquid assets <10% | capital falling |
| 2023-12 | 4 |  |  |
| 2024-03 | 3 |  | liquid assets <10% |
| 2024-06 | 3 |  |  |
| 2024-09 | 3 |  |  |
| 2024-12 | 4 | liquid assets <10% |  |
| 2025-03 | 7 | losing money, noncurrent p90, charge-offs p90, reserve under noncurrent | liquid assets <10% |
| 2025-06 | 6 | capital falling | brokered >10%, charge-offs p90 |
| 2025-09 | 6 | charge-offs p90 | capital falling |
| 2025-12 | 5 |  | wholesale funding >15% |
| 2026-03 | 4 | capital falling | loans exceed deposits, losing money |
| 2026-06 | 4 | loans-to-lenders >50% equity | capital falling |

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

- 2026-02-20 [MutualOne Bank picks South Shore executive as chief credit officer - wbjournal.com](https://news.google.com/rss/articles/CBMingFBVV95cUxNOFZTNUtOMlJjaExPYzF2SVZsZElPeDVLVlFESTd6QzVWS1piakpFUlZxTHRJNW9SSHpzQ0lCMVNwRkVTb3VHRzhMUTVwazhnOHFMUXF1T3hDVDJKWU05ekVTeGdwNjlZRFpoNGVSOVQ1bXAtUlRoRW9sM2dtUGQ1M2Z2blpVT3V2VUtUREZ2SzFvbXg0OWMzUUU5ZHo5Zw?oc=5) · wbjournal.com
- 2026-06-13 [Mass. banking group honors MutualOne's Kristin Carvalho. Here's why - MetroWest Daily News](https://news.google.com/rss/articles/CBMi_gFBVV95cUxPVFdKTWdBdVdqSnc1NUhoQTFmSnZQeVhoWHE4eXBKSzNNaUpxUVNNYjBPbWJkdGFsd0tlVmdGUUFnR0lUWjQzaU1QQmxCMmZpOWNfX0ljTVNyOUNPRXB5SmEtLUIxWHNrUl9uUFVkVDNIbVFDUzkwQ0xxeWNveUtNdjdpSkltb056bXV5c1o2c1ZKSENqOGJXRldQTmFJWFNUNkthd3RVUE9sc0xQV0xHejMtM0l3aUhVbVJ3VEl5dlFFUS1SRDJTY1owSXY1WnJrdkZGVzFCdDVKRG1LcjFBcjhsUlc5YzF1N3dLQ2wzbEdLX05HR2p2c0Ytazd1UQ?oc=5) · MetroWest Daily News
- 2026-03-07 [Movers & Shakers: MutualOne Bank promotes Grieco, hires Norman - MetroWest Daily News](https://news.google.com/rss/articles/CBMi_gFBVV95cUxPTF9fSFdwZXJZU21EOVVFYXJfR2RuRlZVOW5WVDZ3MnE0enlqTVU2ampmOGZnMTVFNGNYbkk5Y3A2TmhCQm1XbUVZWklIeWRNNEJLeVBoeGxKSkRCcktFUEMzX2k1YjZRVDJYLVBVaW1KVjhOdlprXzZlRnA0LUdiclpKb2wyRnowVk8xZ1lBRWVTWlNSUkhGM2V5QmJWNlk1U0pVd25QLUd1XzhNTFd5WjRpcUFQNG9MczlNYVJNd1hraHpvSlk3aHRscVJoay1KMy00el9QVklNVGlUb0hGOVBVck10NWhiMlYtTWpkVEdQdXpGRFZreHZjZjZ3Zw?oc=5) · MetroWest Daily News
- 2015-07-22 [Holliston resident named to MutualOne Bank Board of Directors - Wicked Local](https://news.google.com/rss/articles/CBMirAFBVV95cUxOVEFPVE1FZnUwaG5QRWh6c3E4T0xDN3dqbURpSTRnYVFJYTdXaklLMWsxNWF3Rm5COFlIS0NUMEN6VlZkRExnRW53V2I4Wk1xX1dydmQzUDRjRmx4Qm5ONDdXbFBmZ1dfTjdvX0d2cjhUdnlMYzNlTlVwZktlYXNwWmNLbFVBeFppd21QQWl4WVZPZjVrazlRMUxwaThRZjBSU09MWG9SbFZkUXBm?oc=5) · Wicked Local
- 2022-05-09 [Framingham's MutualOne Bank Promotes Company Veteran Employee - Patch](https://news.google.com/rss/articles/CBMipgFBVV95cUxQTHNrNVNqbWhrck1xbk5tNlVpMXJuZm5FX3JMVm5haEF4NmFXZlFTck5ET0lYdW9ZNGVpSWd0REZRVWJUcVR1WE5QbTJUSDdzNmhVREtpUHFUU2RNdkZ4OEVPdkZEY0ZuRjFoVkIxWUU2UnZ0RF9Pb1RINTM2UWdOdU1DMTViMkFMd2lEVWVCODRqYTRKYjlTUktram0xdkU5T3lnNkl3?oc=5) · Patch
- 2023-03-15 [MutualOne Bank names former Boston Private Bank exec as new CFO - wbjournal.com](https://news.google.com/rss/articles/CBMimgFBVV95cUxPV0N6RU0xZnhmcjR1UVczUVBOYmhWMEhuMFd6VHdycF9lbE15THVwQUNHU1ZaWlZ4RkpCT2RScVR6ODdVY3JyVGMzTVdKb1BmYUd6MTRJUThzM09EaGpicDNXMGMyWVVONHN2THNMaWFVQk42UnZ1cldRRzZiNlpwbXZHZWVfTlhkUi01bXJqQ3l3MFg4QXdTWUR3?oc=5) · wbjournal.com
- 2012-09-21 [Framingham Co-Operative, Natick Federal Savings to Become MutualOne Bank Monday - Patch](https://news.google.com/rss/articles/CBMinwFBVV95cUxOSjBfbWdIcHJ2MnpuTE5tUVJQT0ljZW5zbkhkZXFvcF8xZVhERXBNcF9xUENISUdXV1RjSE8zTmdaRnNIZUtKUC1vWldTZ0xLajV1LXBzQUp2WnNtdUpVcHJ6Vk8xX29NcU5XX0FDRHZkZHdReUx6bHZiekF3Ti1sejB6bHpZMmNkVHhfVkVTY0xKd3JDSnNNVi1sNjJPbEU?oc=5) · Patch
- 2022-05-10 [MutualOne Bank promotes veteran commercial executive to chief lending officer - wbjournal.com](https://news.google.com/rss/articles/CBMirAFBVV95cUxORUI0MVl5eWcxVVJhU3IzSzBPci1GOGt5d2lPbGRBVUx1dnBodTl5eUFtSGJ4TjV3UERUZjNoNXAwdjN1MnJjNDF5LTQ0SHRDNXl3OUJpRFZtQmV1NWx1cVBGUkRYOFNpWUFRMnVyeTdDWHBycXJua3lqUF96M2JURTlPNHpnb19oQVZOOGdVR2tDczYzRGxRTXlQNlBTVHlhRU5UeWYybmdqck9i?oc=5) · wbjournal.com

## How to verify

- Page: https://getbookiq.com/bank-desk/#bank=26395 (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/27.json (key "26395", 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