# SAGE BANK
LOWELL, MA · FDIC certificate 26467 · asset band <$300M · latest filing 2018-06 · stopped filing (departed)

**Verdict on the desk:** this could be *credit-stressed*. Composite score 8 (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 | $143.4M | |
| Deposits | $83.9M | |
| Loans and leases | $123.8M | |
| Total equity | $10.0M | |
| Loans / deposits | 146.58% (p100 of band) | 76.78% |
| Liquid assets / assets | 9.28% (p5 of band) | |
| Uninsured deposits / deposits | 9.44% (p23 of band) | 15.22% |
| Brokered deposits | 0.00% | |
| Wholesale funding | 34.05% (p99 of band) | |
| FHLB advances / assets | 31.38% | |
| Tier 1 leverage | 7.24% (p2 of band) | 11.19% |
| Unrealized securities loss / equity | 0.00% (p90 of band) | -2.38% |
| AOCI / equity | 0.00% (p91 of band) | |
| ROA (annualized) | -0.94% (p2 of band) | 1.00% |
| Net interest margin | 3.30% (p24 of band) | 3.78% |
| Efficiency ratio | 116.06% (p98 of band) | |
| Noncurrent loans | 1.68% (p79 of band) | 0.57% |
| Net charge-offs (annualized) | 0.00% (p40 of band) | |
| Reserve coverage of noncurrent | 36.54% | |
| Real estate % of loans | 99% | |
| Construction % of loans | 2.11% (p21 of band) | |
| Auto loans | $2,000 (0.00% of loans; DQ 0.00%, NCO 0.00%) | |
| Loans to nondepository financials | $0 (0% of equity) (p48 of band) | |
| Deposits YoY | -16.8% | |
| Employees | 64 | |

## Flags firing in the latest filing

- **loans exceed deposits** (`liq_ltd`)
- **wholesale funding >15%** (`liq_wholesale`)
- **liquid assets <10%** (`liq_thin`)
- **losing money** (`earn_negative`)
- **expense ratio p90** (`earn_efficiency`)
- **reserve under noncurrent** (`aq_reserve`)
- **deposits shrinking** (`shrink_deposits`)
- **uninsured deposits leaving** (`flight_uninsured`)

## Warning timeline

| Quarter | Score | Flags that first fired | Flags that cleared |
|---|---|---|---|
| 2011-03 | 5 | loans exceed deposits, liquid assets <10%, losing money, expense ratio p90, reserve under noncurrent |  |
| 2011-06 | 5 |  |  |
| 2011-09 | 6 | capital falling |  |
| 2011-12 | 4 | wholesale funding >15% | losing money, expense ratio p90, capital falling |
| 2012-03 | 3 |  | wholesale funding >15% |
| 2012-06 | 3 |  |  |
| 2012-09 | 3 |  |  |
| 2012-12 | 3 |  |  |
| 2013-03 | 1 |  | loans exceed deposits, liquid assets <10% |
| 2013-06 | 2 | loans exceed deposits, liquid assets <10% | reserve under noncurrent |
| 2013-09 | 2 |  |  |
| 2013-12 | 7 | wholesale funding >15%, capital falling, losing money, expense ratio p90, uninsured deposits leaving |  |
| 2014-03 | 6 | leverage <7%, deposits shrinking | losing money, expense ratio p90, uninsured deposits leaving |
| 2014-06 | 6 | uninsured deposits leaving | deposits shrinking |
| 2014-09 | 9 | losing money, expense ratio p90, deposits shrinking |  |
| 2014-12 | 9 | assets shrinking | capital falling |
| 2015-03 | 6 |  | leverage <7%, losing money, expense ratio p90 |
| 2015-06 | 7 | reserve under noncurrent |  |
| 2015-09 | 8 | losing money, expense ratio p90 | reserve under noncurrent |
| 2015-12 | 9 | capital falling, reserve under noncurrent | uninsured deposits leaving |
| 2016-03 | 6 |  | liquid assets <10%, capital falling, reserve under noncurrent |
| 2016-06 | 6 |  |  |
| 2016-09 | 6 | reserve under noncurrent | losing money |
| 2016-12 | 7 | uninsured deposits leaving |  |
| 2017-03 | 7 | losing money | uninsured deposits leaving |
| 2017-06 | 9 | liquid assets <10%, capital falling |  |
| 2017-09 | 10 | uninsured deposits leaving |  |
| 2017-12 | 8 |  | assets shrinking, uninsured deposits leaving |
| 2018-03 | 9 | uninsured deposits leaving |  |
| 2018-06 | 8 |  | capital falling |

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

- 2013-08-30 [Hello, My Name Is… Truity, Bankwell, Ion, Align, Sage - The Financial Brand](https://news.google.com/rss/articles/CBMiqAFBVV95cUxPRWxQQjgtSFd5YUxrNmZYVWlWeVk5UEJ4X0hJYl8zajgtVDFtdWxtMFo0SXZ6eDZxanVyVnVKVDBfNWdTd3pMZl9mdHNnY3dfSzVWSHp5SjIwNUdBS2Q0WHpTNUZoTTFPUWdyVlFTMk1jcFNxUWZfck9Ob0FoNVg4Mmpwd0xWY2R6d0xlZnJGWHNCZFJuM1czTjZUMzNpZDlWVWZEbWFYRlI?oc=5) · The Financial Brand
- 2017-04-01 [Edward M. "Ted" Cawley Obituary Apr 1, 2017 - obits.mckennaouellette.com](https://news.google.com/rss/articles/CBMiXEFVX3lxTE1vVTg1UVpQZmdXUnNGdUxkZ2hQX2NLd1FESnAyUnU3a2h2NkZiTW10NHRqejBuYjE2akJxYnF3NDJKb1h4SlNDb25LMmNXaFdGQzU3c1FmVV9wc3R5?oc=5) · obits.mckennaouellette.com
- 2018-06-08 [Richard M. Simonian Obituary Jun 8, 2018 - Callahan Fay Caswell Funeral Home](https://news.google.com/rss/articles/CBMiWkFVX3lxTE9STFgwdjVxQ1Y2MEtwUmZSazc0TkRyNW1FN21pT3dSa1lfRnpVMWtMWTJXSFlKQ1p1czlXWEhvcE1VN3oySmY2WlJ2aFA3RHlqSEFRVkc5TnZCUQ?oc=5) · Callahan Fay Caswell Funeral Home
- 2022-09-21 [Helena Scondras Obituary - Lowell, MA (1943-2022) - Lowell Sun](https://news.google.com/rss/articles/CBMicEFVX3lxTE5aZjJLbW9Zb29JNi0wS2xOWFhVOUIxUmtLZ1Z6Y1pheDNUMzJlS2lGT09vNU02UnoxLXpSWVlOdkJ0bFliRWhjMklINGpFSkZrbHBiX0RWMDJfNFlMMFR5N3JoV25wRUw2Z3F5U1k4TjI?oc=5) · Lowell Sun
- 2015-04-09 [John Bardis Obituary Apr 9, 2015 - mcdonaldfs.com](https://news.google.com/rss/articles/CBMiXkFVX3lxTFBvNEw2VTFpM3RzVVFlb3FwVElXVTIwcWNNd3pDNV9SRmhmcjRZU245czZFXzRGbVRCdGJvWUhZRFFKZjYtYVJBSVFFbDN2VzRUdkJURlEyeUJlOE94Wmc?oc=5) · mcdonaldfs.com
- 2013-10-27 [Pelletier - Giangregorio - Eagle-Tribune](https://news.google.com/rss/articles/CBMisgFBVV95cUxOd2tUTnBZMWExeHJfbGtnMmlkdHM0dUtJUW00THNIak1yYVowZGJDWWRBdzdKNDc2WGktSHhfZDMya0dQclh3akVTUzZLX2FQV3lUNENNUnE1U185UlpPRG40Z09vQ25UR0l3NDdvZi0taFczTnNKNEVYbDhTVUxiYXVfWkI3S09OcW1pT1Nhb05tUUdURk0wYUE5aUFxOU05eU1lZkRmQUlNVVBfVUVOT3NB?oc=5) · Eagle-Tribune
- 2023-08-21 [Edward Cawley Obituary (2017) - Tewksbury, MA - McKenna-Ouellette Funeral Home - Lowell - legacy.com](https://news.google.com/rss/articles/CBMihAFBVV95cUxOLUZNSDF1THlXQ0lMbHJNejZVbjVaald4V0dycFRISnE0Z0l0YnJDazJpb09MVXU4M2NDVHNZcXRJd2E3bC1VMldkX3lVX2VIZm9IeUZvUkFPeDVqZk5Va0FKdkdXaXdfVy1vc0hicUpEMmRNeDFPd1p2ejBkR3kxOGJTNjk?oc=5) · legacy.com
- 2024-06-02 [Edward Cawley Obituary - Tewksbury, MA (1959-2017) - Lowell Sun](https://news.google.com/rss/articles/CBMidEFVX3lxTE1QUUdTeC1tRjBVRzZNZmU0R0VGSGVIRjN6SXIxaGRqNUtHR1lsN3RQTVFOdGFGM2FYT2taSWUwSGhoVjJTb254cE5JXzkwbzZqUmtUUFNDWGFzcjJuRFp2Y3ZaLWExV3RMNGxKTXZiZGJDWFkz?oc=5) · Lowell Sun

## How to verify

- Page: https://getbookiq.com/bank-desk/#bank=26467 (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 "26467", 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