# TRUNORTH BANK
PEABODY, MA · FDIC certificate 26484 · asset band $1-10B · latest filing 2026-06 · live

**Verdict on the desk:** this could be *ordinary*. 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 | $3.32B | |
| Deposits | $2.70B | |
| Loans and leases | $2.50B | |
| Total equity | $489.5M | |
| Loans / deposits | 92.15% (p66 of band) | 87.10% |
| Liquid assets / assets | 15.99% (p27 of band) | |
| Uninsured deposits / deposits | 30.70% (p50 of band) | 30.76% |
| Brokered deposits | 0.00% | |
| Wholesale funding | 2.58% (p32 of band) | |
| FHLB advances / assets | 2.58% | |
| Tier 1 leverage | 11.46% (p69 of band) | 10.50% |
| Unrealized securities loss / equity | -1.47% (p84 of band) | -7.75% |
| AOCI / equity | -0.68% (p27 of band) | |
| ROA (annualized) | 1.06% (p34 of band) | 1.26% |
| Net interest margin | 4.45% (p86 of band) | 3.70% |
| Efficiency ratio | 56.48% (p42 of band) | |
| Noncurrent loans | 0.58% (p55 of band) | 0.51% |
| Net charge-offs (annualized) | 0.09% (p75 of band) | |
| Reserve coverage of noncurrent | 93.87% | |
| Real estate % of loans | 94% | |
| Construction % of loans | 31.11% (p32 of band) | |
| Auto loans | $131,000 (0.01% of loans; DQ 0.00%, NCO 0.00%) | |
| Loans to nondepository financials | $0 (0% of equity) (p35 of band) | |
| Deposits YoY | 12.6% | |
| Employees | 290 | |

## Flags firing in the latest filing

- **reserve under noncurrent** (`aq_reserve`)

## Warning timeline

| Quarter | Score | Flags that first fired | Flags that cleared |
|---|---|---|---|
| 2011-03 | 0 |  |  |
| 2011-06 | 1 | reserve under noncurrent |  |
| 2011-09 | 0 |  | reserve under noncurrent |
| 2011-12 | 0 |  |  |
| 2012-03 | 0 |  |  |
| 2012-06 | 0 |  |  |
| 2012-09 | 0 |  |  |
| 2012-12 | 0 |  |  |
| 2013-03 | 0 |  |  |
| 2013-06 | 1 | loans exceed deposits |  |
| 2013-09 | 0 |  | loans exceed deposits |
| 2013-12 | 0 |  |  |
| 2014-03 | 0 |  |  |
| 2014-06 | 1 | loans exceed deposits |  |
| 2014-09 | 0 |  | loans exceed deposits |
| 2014-12 | 0 |  |  |
| 2015-03 | 0 |  |  |
| 2015-06 | 0 |  |  |
| 2015-09 | 0 |  |  |
| 2015-12 | 0 |  |  |
| 2016-03 | 0 |  |  |
| 2016-06 | 1 | capital falling |  |
| 2016-09 | 1 |  |  |
| 2016-12 | 0 |  | capital falling |
| 2017-03 | 0 |  |  |
| 2017-06 | 0 |  |  |
| 2017-09 | 0 |  |  |
| 2017-12 | 1 | loans exceed deposits |  |
| 2018-03 | 1 |  |  |
| 2018-06 | 0 |  | loans exceed deposits |
| 2018-09 | 1 | construction >100% equity |  |
| 2018-12 | 2 | loans exceed deposits |  |
| 2019-03 | 0 |  | construction >100% equity, loans exceed deposits |
| 2019-06 | 0 |  |  |
| 2019-09 | 0 |  |  |
| 2019-12 | 1 | capital falling |  |
| 2020-03 | 0 |  | capital falling |
| 2020-06 | 0 |  |  |
| 2020-09 | 0 |  |  |
| 2020-12 | 0 |  |  |
| 2021-03 | 0 |  |  |
| 2021-06 | 0 |  |  |
| 2021-09 | 0 |  |  |
| 2021-12 | 0 |  |  |
| 2022-03 | 0 |  |  |
| 2022-06 | 0 |  |  |
| 2022-09 | 0 |  |  |
| 2022-12 | 0 |  |  |
| 2023-03 | 1 | deposits shrinking |  |
| 2023-06 | 1 |  |  |
| 2023-09 | 1 |  |  |
| 2023-12 | 0 |  | deposits shrinking |
| 2024-03 | 0 |  |  |
| 2024-06 | 0 |  |  |
| 2024-09 | 2 | NIM <2.5%, reserve under noncurrent |  |
| 2024-12 | 1 |  | NIM <2.5% |
| 2025-03 | 1 |  |  |
| 2025-06 | 1 |  |  |
| 2025-09 | 1 |  |  |
| 2025-12 | 1 |  |  |
| 2026-03 | 0 |  | reserve under noncurrent |
| 2026-06 | 1 | reserve under noncurrent |  |

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

- 2026-07-07 [Massachusetts lender to acquire NH bank for $160M - Banking Dive](https://news.google.com/rss/articles/CBMiiwFBVV95cUxPQmdMWF9sWUJLOEZWZThDemxRT1dqOXhGaldidkpqSDM1MGJmMTVKeUwydjJRVVhYa3E5MHI3U0FsejRDcDlpTjZUeWwwQ0NUUW14SS1FYXVhOXByRFloU2ktcXNBSnVNaXNLVzlXSzZOY19INWFfU28wRlhOODRLWnBNXy0zQzJiaGNv?oc=5) · Banking Dive
- 2026-07-14 [Primary Bank to be Acquired by Mass. Bank - businessnhmagazine.com](https://news.google.com/rss/articles/CBMiiwFBVV95cUxNTDFTenBHRXpSdzFkajkwc19OVE5GdTM3RFpCRGRpazlWTnhUS2FPQkpTcHJFVDVBQ3YxQVlXaFo3V3VSckpjV1dKTTBxRlEyQ1R3d2h3TUNrRkhZbGVDMlFVdWRQeHdaZVNzOEY2aktRU0p5R3hncmY5Y3E2ZnJjcW5MakZ0Sk5sb19r?oc=5) · businessnhmagazine.com
- 2026-07-06 [Hometown Financial Group, Inc. Announces Agreement to Acquire Primary Bank and Plan for Mutual-to-Stock Conversion - PR Newswire](https://news.google.com/rss/articles/CBMi_AFBVV95cUxOU09pMFYwM24wT2xWTkNwaVJhNVY2UVR1X2JNdjdYcnh4UEVvMDJJN0M4S05hazMxbHZPQml1MnJFQ2RzNHNsSzcyLTN0bTFVZU9QTzVjQXRIWUlOSGR4TER2WjlWRzdlWFJZcFMzWENhOVdsLUtHcHI5U01jbmEySzhJU2dDNjNYb0kzTFJFNE40V1hQMUtqeXZ2NXg4ZHdwWUFLQkNBNXlQeVZfeklYb1hfMnVBRE16WVppV0toOFpYd0x0SUxNd1pKeVR2YXoySFpLYjRZQWU5OFJia3ZjVXhyR2ZwcGZydHFQWjk4LVNFLUlpZmVleDJweUo?oc=5) · PR Newswire
- 2026-07-13 [‘The heart and soul of a community bank.’ Why bankHometown is becoming TruNorth. - Worcester Business Journal](https://news.google.com/rss/articles/CBMiqwFBVV95cUxOTTR4bGY1LURKd2J1LW1PSDZpbzNaWVhGNXJzN1IxWjVpX3BSWjlXT080TzBUU2hZdzl3ekhQU0Vvc2JSbV9ybElVM1BKcW9IQnJBNlJmNXg5OF9wVUtwaFBYUUN5STJic1RXM2NLdmt0blNvY0U2V0UzdjY5VHFmdGdnbmw2eFV0MFY2cGV6WVg0Q3diU2F4UXRreDYxQllLNUJHTXh0MjJ1UTA?oc=5) · Worcester Business Journal
- 2026-08-17 [Sosik leads Hometown Financial, the state’s fastest-growing bank, to new heights - The Boston Globe](https://news.google.com/rss/articles/CBMiiwFBVV95cUxQelVyTVVYYXREN2hOOW55bDdPaEdXZ2FTTGJvUHV4bGw3TEtlOGc0dEhoVExXZ1hiMGFzSm1PU1ZIUUE3cHkyaHVPR0p6VmdndUxhaFhNSXYtVUNlb01JcXVmLVpNNFJmbm81TzNHd1RUaG9CR0JXNWg4WGJPYUNRZVBraXlmLVFtR2Uw?oc=5) · The Boston Globe
- 2026-05-11 [bankESB to become TruNorth Bank this summer - Daily Hampshire Gazette](https://news.google.com/rss/articles/CBMihAFBVV95cUxNM1lxbF8zUWx4SGFHaFJuQk56SUhjSjI3M0Q0MFBTeXY1UXBXZVBXNTBRM2ZlZTdUdmt4bHN3OU1DSFgwcnZhbl9obERSZUZlOFNpRERac205RkNqV2JjeExGMHRacV9KVUJVUkl6dzFNMi10WXhhTWJ6ejNiYm1sLWl3d2U?oc=5) · Daily Hampshire Gazette
- 2026-06-08 [What’s Behind bankESB’s Pending Name Change to TruNorth Bank - BusinessWest](https://news.google.com/rss/articles/CBMikwFBVV95cUxNbDJ5OExoRnhUeURPR1RhTlV3TFVXVEJ1bkdXM092NDA5S2I2QlowblV4a1liNG5KcnI1VWNDT2FfY2c5WEg4SmFNMnRqMmRnSjZwck1oLUFpRGVmSm9veVFBLTRybjdERGF1RUJreTQtaFc4OTRDRUY3dGVMb2lFZUFsM1F3cHk1b3hKMEFIZ243b2s?oc=5) · BusinessWest
- 2026-07-07 [Hometown Financial to Acquire New Hampshire Lender, Rebrand as TruNorth Bank - Connect CRE](https://news.google.com/rss/articles/CBMisAFBVV95cUxQNDU3TjlYcGZsV0hnSzlHQ3FucnRUS3RfWnhJS0NIdDlzMjR0eHpodmhVVHhYd1hkOEVkQUZtVVZWalJLcXRZVUhDTzk2Q3dMdldVUnNMOGpmc2lkeE9Ydm01ZEhKOWxvSW5XemNPSUJCY1dDNlY0RmpKXzA5NVRmUUprWTdWbXcxU2VaZkZSU3pyLV9GamlON2xvLWVBWDZQUEhMUzFIMzNCTWUtVVpMdg?oc=5) · Connect CRE

## How to verify

- Page: https://getbookiq.com/bank-desk/#bank=26484 (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/52.json (key "26484", 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