# CHARLES RIVER BANK
MEDWAY, MA · FDIC certificate 26602 · asset band $300M-1B · latest filing 2026-06 · live

**Verdict on the desk:** this could be *run candidate*. Composite score 2 (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 | $336.1M | |
| Deposits | $312.6M | |
| Loans and leases | $232.3M | |
| Total equity | $21.6M | |
| Loans / deposits | 73.82% (p33 of band) | 82.04% |
| Liquid assets / assets | 25.42% (p51 of band) | |
| Uninsured deposits / deposits | 29.64% (p65 of band) | 25.97% |
| Brokered deposits | 0.00% | |
| Wholesale funding | 0.00% (p11 of band) | |
| FHLB advances / assets | 0.00% | |
| Tier 1 leverage | 7.93% (p2 of band) | 10.81% |
| Unrealized securities loss / equity | -33.72% (p10 of band) | -8.10% |
| AOCI / equity | -0.33% (p51 of band) | |
| ROA (annualized) | 0.41% (p9 of band) | 1.28% |
| Net interest margin | 3.34% (p21 of band) | 3.91% |
| Efficiency ratio | 83.68% (p92 of band) | |
| Noncurrent loans | 0.47% (p53 of band) | 0.43% |
| Net charge-offs (annualized) | 0.00% (p16 of band) | |
| Reserve coverage of noncurrent | 139.01% | |
| Real estate % of loans | 94% | |
| Construction % of loans | 62.78% (p66 of band) | |
| Auto loans | $151,000 (0.07% of loans; DQ 0.00%, NCO 0.00%) | |
| Loans to nondepository financials | $0 (0% of equity) (p45 of band) | |
| Deposits YoY | 4.7% | |
| Employees | 48 | |

## Flags firing in the latest filing

- **securities losses >30% of equity** (`cap_secloss`)
- **expense ratio p90** (`earn_efficiency`)

## 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 | 1 |  |  |
| 2012-03 | 1 |  |  |
| 2012-06 | 1 |  |  |
| 2012-09 | 1 |  |  |
| 2012-12 | 1 |  |  |
| 2013-03 | 1 |  |  |
| 2013-06 | 1 |  |  |
| 2013-09 | 1 |  |  |
| 2013-12 | 1 |  |  |
| 2014-03 | 1 |  |  |
| 2014-06 | 1 |  |  |
| 2014-09 | 1 |  |  |
| 2014-12 | 2 | expense ratio p90 |  |
| 2015-03 | 2 |  |  |
| 2015-06 | 1 |  | reserve under noncurrent |
| 2015-09 | 0 |  | expense ratio p90 |
| 2015-12 | 0 |  |  |
| 2016-03 | 2 | reserve under noncurrent, uninsured deposits leaving |  |
| 2016-06 | 0 |  | reserve under noncurrent, uninsured deposits leaving |
| 2016-09 | 0 |  |  |
| 2016-12 | 0 |  |  |
| 2017-03 | 0 |  |  |
| 2017-06 | 0 |  |  |
| 2017-09 | 0 |  |  |
| 2017-12 | 0 |  |  |
| 2018-03 | 2 | expense ratio p90, uninsured deposits leaving |  |
| 2018-06 | 2 |  |  |
| 2018-09 | 2 |  |  |
| 2018-12 | 2 |  |  |
| 2019-03 | 1 |  | uninsured deposits leaving |
| 2019-06 | 1 | capital falling | expense ratio p90 |
| 2019-09 | 0 |  | capital falling |
| 2019-12 | 0 |  |  |
| 2020-03 | 0 |  |  |
| 2020-06 | 1 | reserve under noncurrent |  |
| 2020-09 | 2 | capital falling |  |
| 2020-12 | 2 |  |  |
| 2021-03 | 3 | expense ratio p90 |  |
| 2021-06 | 2 |  | expense ratio p90 |
| 2021-09 | 2 | expense ratio p90 | reserve under noncurrent |
| 2021-12 | 3 | leverage <7% |  |
| 2022-03 | 3 |  |  |
| 2022-06 | 5 | AOCI drag >20% of equity, securities losses >30% of equity |  |
| 2022-09 | 4 |  | capital falling |
| 2022-12 | 5 | deposits shrinking, assets shrinking | leverage <7% |
| 2023-03 | 3 |  | expense ratio p90, AOCI drag >20% of equity |
| 2023-06 | 1 |  | deposits shrinking, assets shrinking |
| 2023-09 | 4 | expense ratio p90, deposits shrinking, assets shrinking |  |
| 2023-12 | 2 |  | deposits shrinking, assets shrinking |
| 2024-03 | 3 | deposits shrinking, assets shrinking | expense ratio p90 |
| 2024-06 | 3 | expense ratio p90 | assets shrinking |
| 2024-09 | 2 |  | deposits shrinking |
| 2024-12 | 2 |  |  |
| 2025-03 | 3 | capital falling |  |
| 2025-06 | 2 |  | capital falling |
| 2025-09 | 2 |  |  |
| 2025-12 | 2 |  |  |
| 2026-03 | 2 |  |  |
| 2026-06 | 2 |  |  |

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

- 2021-09-10 [Medway CPA named chairman of Charles River Bank - wbjournal.com](https://news.google.com/rss/articles/CBMihAFBVV95cUxNcWlJN3ZVbndyUERTMmM0aGlYQWxFWlhpQzFPTkdRSjdsMVNJbHg5UHcyM1Y4aTZXRl9NeV92QVFjaTFoNzFWS2VKUWo3ZV9sMVVrOURXMlFHYnVlbWlpLXY1OTUxQkZIS3NKZVdIN3hTVkNCWWhvZTdjU3NoaFY1cTVWRVc?oc=5) · wbjournal.com
- 2022-01-04 [Derek Plourde succeeds Jack Hamilton in leading Medway's Charles River Bank - Milford Daily News](https://news.google.com/rss/articles/CBMi2gFBVV95cUxObXptUDlMOW5ZQzh3ZS14RFN1ZGdJeHk3d1ZZa1NvZGNQOHFVYUdKTWoydWZRVTFVbnZwekRLSm92OFRSczI5OVpVM2J1YmFrd3NBWEh2c0dOV2VyWlA4Q195aVd3UnFMRTVhNVA4cFFRV1hfWWd5U3dUdmk4bXFvd3pGeWdXNGZRWnlLQlRUREJta3p0QWd5LThxWGU5UFZOZ0JidEhrelFhM3V1ZWcwVkN1TjNuNkV1c0FXVWNFNFFuRTRNSjloTHBSUjMwUWNVdEFSRVNpMmJjQQ?oc=5) · Milford Daily News
- 2023-03-11 [Our History: G. Fred Robinson — Beautified Charles River Bank, Erected Monuments - watertownmanews.com](https://news.google.com/rss/articles/CBMitgFBVV95cUxNQ2ZYaWN2V2VwYUVvWnpzT282WjF6T3F4azdZOF9GSERxYTIzejZlM1ZLUHpjUUZWT0hxd195WjEzd3lYUUo0QmJXSkhONnBhSzQ5b0lYQzhkU18weERKVC01YU5xdGRHRExrRlAzclpraXBWTUFFQjZlckxZSDBWQjZXc0VLRm9qNFRJd21NWXkyZkstWUVzYkZqcHBVSzU1ZS00UHV4TkVtZVhHQm13OVIwUG1nUQ?oc=5) · watertownmanews.com
- 2016-03-04 [Charles River Bank donates $850 to Medway Public Library - MetroWest Daily News](https://news.google.com/rss/articles/CBMiqgFBVV95cUxOOXY5TG1ZN3kxaVFDeDZsQnRXZnd3NTZmZmY1bTJyOE9Uc3J1WEtDaC01VDIzV0dwd0ZsUXBBTEdtWGxtYlZKeDRQcmM2NEwySF9hQXZpSVIwUTNxMlFheHZ0SVdvdi1vN0E5SGcycWU3bjJObExKVFYta1lXRU1zM2YxRWYzczRoRkhXNENMWGdWdzZpeEZaVmUxRE1IRjl2YXNMc1N3UV9nQQ?oc=5) · MetroWest Daily News
- 2013-10-20 [Merge With Caution - wbjournal.com](https://news.google.com/rss/articles/CBMiXkFVX3lxTFBYbmtwSmNfYmxfOVlERnRJbXZYMUdTWFhTUUJmUE01NGQ1YkVfTmNnRVpiZ09UWTlmUUF4bFhpX1pPYWJTdkdvOTVWZUdzRkhsY0t6SW5idkoyMjRoTnc?oc=5) · wbjournal.com
- 2016-05-27 [Charles River Bank Donates $1,000 to Bellingham - Milford Daily News](https://news.google.com/rss/articles/CBMipAFBVV95cUxPakY3M1k2bFFhMDI1ZWc0d1doS2FiZjBydWotRFJhS0Mwb1ZKWjAtLWZ6dVZUa01sT1VNMlJOLXFTZ1FlT1l1eFVwTms0Rm1kN09nd2FYRzlBOGRvUTNnRy13VklCeVZ4V3BRT21oUllXelhRUHZqUzY0M25QTWRmbENrR01JZ0RSU0hGSHU2MVM4bTN5R0p0Q0FXRXBLVlhEbzRLZw?oc=5) · Milford Daily News
- 2025-08-12 [Jane C Betzner Obituary - Cape Cod Times](https://news.google.com/rss/articles/CBMiYEFVX3lxTE9famZvZUlKWG92Y0UxYTFwYnZmZzhqejZGVGNJUHJncXBPbUY1Q0Fwclo5UlBYYjdVM0Y1TnZ6UDh5b1JJWG1jUzdlRlJ3TWFNVnd4UkE2X01FUl82VGdBQw?oc=5) · Cape Cod Times
- 2009-11-23 [Charles River Converting To Mutual Holding Company | Will allow the bank to raise capital, possibly merge - wbjournal.com](https://news.google.com/rss/articles/CBMiugFBVV95cUxOakhHWDVvcjZtWmRiaGZDZ3JXNDBVcUpNeWo4enB2eEJZZzVXZFZuTWRpaXd1OVJPamg5MUJCNkFtRTk1Tk9zblhNZHMxaUtybVpRMzhseDR4UW05X0RuXzQ3WVQ3REVvX2JIeTRyc0xJd2V6YjhJMlJXRS1aU3ZaZHc4eXg5S1RFTWh6VnQ4TVJkbVVGLW5zWlY2TnpGenZwZ0h1MnFCbXZ1dVlneWlkZUYwNHNHaWFtSkE?oc=5) · wbjournal.com

## How to verify

- Page: https://getbookiq.com/bank-desk/#bank=26602 (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/42.json (key "26602", 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