# BEVERLY BANK
BEVERLY, MA · FDIC certificate 26601 · asset band $300M-1B · latest filing 2019-09 · stopped filing (departed)

**Verdict on the desk:** this could be *funding-stretched*. 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 | $502.2M | |
| Deposits | $434.4M | |
| Loans and leases | $443.0M | |
| Total equity | $43.5M | |
| Loans / deposits | 100.96% (p88 of band) | 85.55% |
| Liquid assets / assets | 8.39% (p2 of band) | |
| Uninsured deposits / deposits | 22.12% (p51 of band) | 22.02% |
| Brokered deposits | 1.88% | |
| Wholesale funding | 6.29% (p60 of band) | |
| FHLB advances / assets | 4.41% | |
| Tier 1 leverage | 8.53% (p6 of band) | 10.66% |
| Unrealized securities loss / equity | -2.74% (p3 of band) | 0.93% |
| AOCI / equity | 1.89% (p43 of band) | |
| ROA (annualized) | 0.37% (p6 of band) | 1.13% |
| Net interest margin | 3.22% (p19 of band) | 3.75% |
| Efficiency ratio | 86.21% (p94 of band) | |
| Noncurrent loans | 0.23% (p27 of band) | 0.53% |
| Net charge-offs (annualized) | 0.01% (p41 of band) | |
| Reserve coverage of noncurrent | 431.07% | |
| Real estate % of loans | 93% | |
| Construction % of loans | 96.28% (p91 of band) | |
| Auto loans | $46,000 (0.01% of loans; DQ 15.22%, NCO 0.00%) | |
| Loans to nondepository financials | $0 (0% of equity) (p44 of band) | |
| Deposits YoY | 9.3% | |
| Employees | 71 | |

## Flags firing in the latest filing

- **loans exceed deposits** (`liq_ltd`)
- **liquid assets <10%** (`liq_thin`)
- **capital falling** (`cap_falling`)
- **expense ratio p90** (`earn_efficiency`)

## Warning timeline

| Quarter | Score | Flags that first fired | Flags that cleared |
|---|---|---|---|
| 2011-03 | 2 | wholesale funding >15%, reserve under noncurrent |  |
| 2011-06 | 1 |  | reserve under noncurrent |
| 2011-09 | 0 |  | wholesale funding >15% |
| 2011-12 | 0 |  |  |
| 2012-03 | 0 |  |  |
| 2012-06 | 0 |  |  |
| 2012-09 | 0 |  |  |
| 2012-12 | 0 |  |  |
| 2013-03 | 0 |  |  |
| 2013-06 | 0 |  |  |
| 2013-09 | 1 | capital falling |  |
| 2013-12 | 0 |  | capital falling |
| 2014-03 | 0 |  |  |
| 2014-06 | 0 |  |  |
| 2014-09 | 1 | expense ratio p90 |  |
| 2014-12 | 1 | capital falling | expense ratio p90 |
| 2015-03 | 1 | liquid assets <10% | capital falling |
| 2015-06 | 1 |  |  |
| 2015-09 | 0 |  | liquid assets <10% |
| 2015-12 | 0 |  |  |
| 2016-03 | 0 |  |  |
| 2016-06 | 2 | liquid assets <10%, capital falling |  |
| 2016-09 | 1 |  | capital falling |
| 2016-12 | 0 |  | liquid assets <10% |
| 2017-03 | 0 |  |  |
| 2017-06 | 0 |  |  |
| 2017-09 | 0 |  |  |
| 2017-12 | 0 |  |  |
| 2018-03 | 2 | loans exceed deposits, capital falling |  |
| 2018-06 | 1 |  | loans exceed deposits |
| 2018-09 | 2 | loans exceed deposits, uninsured deposits leaving | capital falling |
| 2018-12 | 0 |  | loans exceed deposits, uninsured deposits leaving |
| 2019-03 | 2 | loans exceed deposits, liquid assets <10% |  |
| 2019-06 | 1 |  | liquid assets <10% |
| 2019-09 | 4 | liquid assets <10%, capital falling, expense ratio p90 |  |

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

- 2019-10-01 [North Shore Bank and Beverly Bank Announce Merger - Northshore Magazine](https://news.google.com/rss/articles/CBMilgFBVV95cUxPeWp0QjJ6VE5aWlRxVXdhb3VuVnVWVmYta0c2b0xtekJ1MHFHUmlVR1BhRHV2VzRjNWdybVVRWUpkYzJPVzVuZFl4R0NfbnFBUDZhVndlaTFnUkpRSWpIMXppbVRGbGdVMklEYWk0TEtOMUdBYWpkb1dsWVVqYWhYLXVjTzBjZ0RmTTktclRDb1kxN0o4Y1E?oc=5) · Northshore Magazine
- 2019-04-11 [Peabody-based North Shore Bank to merge with Beverly Bank - The Business Journals](https://news.google.com/rss/articles/CBMiogFBVV95cUxNODgzS1ZTNlc3TkEwLUVacUpZM1A0T0xCdklzOUc1OWR4SUpMWURsaWJBSnd0Wl9CRXpCQnZFWGI5V2tsWGk5aXpPd1lXeDZiZ1N5V1JXMjJmbHpYUTNhNnBmRTJ4Q0R0dzZTRURuNU5YUlJJVFF0QjhwRXZTS292Y1hXWWtUcVIyVFpiMDhMMG1haW9fWU5HaUVLV0ltX0szUGc?oc=5) · The Business Journals
- 2014-09-01 [Depositors reject local bank’s Wall Street plans - The Boston Globe](https://news.google.com/rss/articles/CBMi6AFBVV95cUxPbmZfcjhoT1ZjMjhwbEhvbjJqNU8yanExc2hXeThiSExBbnNOQTgwUE1xOFJnWjdwdjZacjJCTDFrUmhCZ0t0LUlsMHJpdUttNGZGblB0U29VUk9BNlowaERBdmJIeks4ZFJtekEyYnRfSzJVZ19sVUYwOG9HS2VoMEU0cDU3YkwtSFlyVmVYX0hFS0FCaTFRa0hTeVk3SWV0Z3I2cjFVUml4NF9vbFMtWWxmeTZHNXhZSjNLT3lqY2g4Y1F0OXl5Vk1zZWFGLW1zT3RfYjZOaFNEaVRCOC1Fc2Y2SzZheWtp?oc=5) · The Boston Globe
- 2009-06-17 [UPDATED: Beverly National Bank to merge with Danversbank - Wicked Local](https://news.google.com/rss/articles/CBMiqAFBVV95cUxNaEY1N0Y3TlZ0YmpDRGVrUGUtNFdxUjRoVFhDUGNhTkdTaG9adTI1Z1pRTHRqOUtaUHZ1dzFsenIzYmlYYW1OZ2lqUk1MN2MzNEEyN2FSZkJlWnF6dkh6YVFxdGZrRVhINUdNSm4zWlBVanc4TVZjU0wxZmt4Z0pqcEdIOEJKUFkxZTNuNkJMa3BFX3dFS2U3Ni11X25FRVVxcWRXbDBibnE?oc=5) · Wicked Local
- 2014-12-05 [Convicted Bank Robber Charged with Two More Beverly Robberies - Patch](https://news.google.com/rss/articles/CBMinwFBVV95cUxQM2ZZS0lZRHg2Mm52d2tWcnBZUndhcGJoeUw4R0x1a0R4Z0JUTEhLVUticVc5eEFNRE41LVh5OE5GWUJEY3BVU1ozeHBLM1dXV2k4ZWJ6VzhsSjZyV3gweWNVQzR6Vlo4Mk1tVFdNNkt4UEw1T1RqbkJSYjkzS0F3OHRhZzdYU29hNmJpeDk4cmxETlFnNXh5ODNLbnI1VDQ?oc=5) · Patch
- 2017-01-19 [Obituary information for Linda M. Randazza - Campbell Funeral Home MA](https://news.google.com/rss/articles/CBMifEFVX3lxTE8wZ1l2Yk5fUmRtR2JxZWtLUm9RWjI1RlVBV0hKaEU1amFDYUM5MEZCVV9uaHpVSXVOajNEVWJGbFItdm5LTWQ0V3FxR2U4MXFVTnd3aVRLcDFsV3NvY0xNSTA0ZlpKRkx5Q1JyZkxYYVFyb2hjRHlkZkZVelQ?oc=5) · Campbell Funeral Home MA
- 2025-05-21 [Community bank on South Shore to be acquired in $44 million deal - The Business Journals](https://news.google.com/rss/articles/CBMilwFBVV95cUxNUUkxU1p5TVNJM2NMa3RQcTc1bG1JNmd2YWFEb0I5anp5TkpWR0xOZ2E0Zk1FRlc3OEJ6akNVNkFoV19BcGhqV05zVlRhOFpxeDZieVd5cHVRU3RHVV91RHNpZS1ycXVvSVRrYmxxZjBFWDBPWm5KVTFUbnRuclNYX1dEY1ZpWklXaEdRWmVpa2JuMVFVWW1r?oc=5) · The Business Journals
- 2018-11-27 [Patrick McAleer Obituary (1973 - 2018) - Beverly, MA - The Providence Journal - Legacy obituary](https://news.google.com/rss/articles/CBMikwFBVV95cUxPaFJnY2pwQ3dnM2pzS1JGZmVGZHRzcVdyRHdhSzF3WndaV3R6RDFjeDZpRU1sTHoxNHh0T25PamFDRDhMUkN0MWkyMXA4T202RThLMVotLUVJSThuQTFpT0FQOEVjUWNFUmVBSTJQbHFkVnlTMjdQYi1PSnJzX3Ayemk5ME5qOHAyTGc2MGg1bThBRUU?oc=5) · Legacy obituary

## How to verify

- Page: https://getbookiq.com/bank-desk/#bank=26601 (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/41.json (key "26601", 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