# ECONOMY COOP BANK
MERRIMAC, MA · FDIC certificate 26583 · asset band <$300M · latest filing 2011-12 · stopped filing (departed)

**Verdict on the desk:** this could be *credit-stressed*. Composite score 3 (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 | $25.1M | |
| Deposits | $22.6M | |
| Loans and leases | $17.7M | |
| Total equity | $2.5M | |
| Loans / deposits | 77.78% (p66 of band) | 70.28% |
| Liquid assets / assets | 27.63% (p35 of band) | |
| Uninsured deposits / deposits | 12.26% (p70 of band) | 8.25% |
| Brokered deposits | 0.00% | |
| Wholesale funding | 0.00% (p16 of band) | |
| FHLB advances / assets | 0.00% | |
| Tier 1 leverage | 9.75% (p47 of band) | 9.92% |
| Unrealized securities loss / equity | 0.04% (p14 of band) | 3.23% |
| AOCI / equity | 1.34% (p51 of band) | |
| ROA (annualized) | -0.20% (p15 of band) | 0.69% |
| Net interest margin | 3.57% (p33 of band) | 3.86% |
| Efficiency ratio | 98.96% (p89 of band) | |
| Noncurrent loans | 1.53% (p53 of band) | 1.38% |
| Net charge-offs (annualized) | 0.00% (p13 of band) | |
| Reserve coverage of noncurrent | 35.79% | |
| Real estate % of loans | 98% | |
| Construction % of loans | 0.00% (p7 of band) | |
| Auto loans | $203,000 (1.15% of loans; DQ 16.26%, NCO 0.00%) | |
| Loans to nondepository financials | $0 (0% of equity) (p48 of band) | |
| Deposits YoY | – | |
| Employees | 5 | |

## Flags firing in the latest filing

- **capital falling** (`cap_falling`)
- **losing money** (`earn_negative`)
- **reserve under noncurrent** (`aq_reserve`)

## Warning timeline

| Quarter | Score | Flags that first fired | Flags that cleared |
|---|---|---|---|
| 2011-03 | 0 |  |  |
| 2011-06 | 0 |  |  |
| 2011-09 | 1 | capital falling |  |
| 2011-12 | 3 | losing money, reserve under noncurrent |  |

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

- nothing found for that search

## How to verify

- Page: https://getbookiq.com/bank-desk/#bank=26583 (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/23.json (key "26583", 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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