# 42 NORTH PRIVATE BANK
CANTON, MA · FDIC certificate 27015 · asset band <$300M · latest filing 2026-06 · live

**Verdict on the desk:** this could be *credit-stressed*. Composite score 6 (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 | $182.2M | |
| Deposits | $144.4M | |
| Loans and leases | $158.5M | |
| Total equity | $13.8M | |
| Loans / deposits | 108.41% (p96 of band) | 73.59% |
| Liquid assets / assets | 10.53% (p4 of band) | |
| Uninsured deposits / deposits | 17.24% (p40 of band) | 19.81% |
| Brokered deposits | 16.30% | |
| Wholesale funding | 28.38% (p98 of band) | |
| FHLB advances / assets | 12.08% | |
| Tier 1 leverage | 7.72% (p2 of band) | 11.76% |
| Unrealized securities loss / equity | 0.00% (p95 of band) | -6.57% |
| AOCI / equity | 0.00% (p78 of band) | |
| ROA (annualized) | -3.86% (p2 of band) | 1.17% |
| Net interest margin | 1.03% (p1 of band) | 3.93% |
| Efficiency ratio | 481.58% (p100 of band) | |
| Noncurrent loans | 0.03% (p27 of band) | 0.36% |
| Net charge-offs (annualized) | -0.04% (p5 of band) | |
| Reserve coverage of noncurrent | 4567.44% | |
| Real estate % of loans | 90% | |
| Construction % of loans | 30.86% (p65 of band) | |
| Auto loans | $0 (0.00% of loans; DQ –, NCO 0.00%) | |
| Loans to nondepository financials | $0 (0% of equity) (p48 of band) | |
| Deposits YoY | 6.2% | |
| Employees | 25 | |

## Flags firing in the latest filing

- **loans exceed deposits** (`liq_ltd`)
- **brokered >10%** (`liq_brokered`)
- **wholesale funding >15%** (`liq_wholesale`)
- **losing money** (`earn_negative`)
- **expense ratio p90** (`earn_efficiency`)
- **NIM <2.5%** (`earn_nim`)

## 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 | 2 | brokered >10% |  |
| 2012-03 | 2 | capital falling | brokered >10% |
| 2012-06 | 1 |  | capital falling |
| 2012-09 | 2 | brokered >10% |  |
| 2012-12 | 3 | wholesale funding >15% |  |
| 2013-03 | 6 | capital falling, losing money, expense ratio p90 |  |
| 2013-06 | 3 |  | capital falling, losing money, expense ratio p90 |
| 2013-09 | 3 |  |  |
| 2013-12 | 7 | expense ratio p90, deposits shrinking, assets shrinking, uninsured deposits leaving |  |
| 2014-03 | 8 | losing money |  |
| 2014-06 | 8 |  |  |
| 2014-09 | 8 |  |  |
| 2014-12 | 7 |  | uninsured deposits leaving |
| 2015-03 | 8 | charge-offs p90 |  |
| 2015-06 | 9 | noncurrent p90 |  |
| 2015-09 | 9 |  |  |
| 2015-12 | 7 |  | deposits shrinking, assets shrinking |
| 2016-03 | 6 |  | charge-offs p90 |
| 2016-06 | 7 | deposits shrinking |  |
| 2016-09 | 7 | capital falling | deposits shrinking |
| 2016-12 | 9 | deposits shrinking, assets shrinking |  |
| 2017-03 | 6 |  | noncurrent p90, capital falling, assets shrinking |
| 2017-06 | 8 | charge-offs p90, assets shrinking, uninsured deposits leaving | reserve under noncurrent |
| 2017-09 | 7 |  | charge-offs p90 |
| 2017-12 | 8 | loans exceed deposits |  |
| 2018-03 | 9 | charge-offs p90 |  |
| 2018-06 | 10 | reserve under noncurrent |  |
| 2018-09 | 8 |  | brokered >10%, uninsured deposits leaving |
| 2018-12 | 8 |  |  |
| 2019-03 | 5 | capital falling | wholesale funding >15%, deposits shrinking, loans exceed deposits, reserve under noncurrent |
| 2019-06 | 6 | loans exceed deposits, deposits shrinking | capital falling |
| 2019-09 | 4 |  | charge-offs p90, deposits shrinking |
| 2019-12 | 4 |  |  |
| 2020-03 | 6 | capital falling, deposits shrinking, uninsured deposits leaving | assets shrinking |
| 2020-06 | 6 | charge-offs p90 | deposits shrinking |
| 2020-09 | 4 |  | loans exceed deposits, charge-offs p90 |
| 2020-12 | 4 |  |  |
| 2021-03 | 3 |  | capital falling |
| 2021-06 | 3 | assets shrinking | uninsured deposits leaving |
| 2021-09 | 4 | deposits shrinking |  |
| 2021-12 | 5 | charge-offs p90 |  |
| 2022-03 | 5 |  |  |
| 2022-06 | 5 |  |  |
| 2022-09 | 8 | loans exceed deposits, reserve under noncurrent, uninsured deposits leaving |  |
| 2022-12 | 6 |  | reserve under noncurrent, uninsured deposits leaving |
| 2023-03 | 5 |  | assets shrinking |
| 2023-06 | 5 | capital falling | deposits shrinking |
| 2023-09 | 8 | wholesale funding >15%, noncurrent p90, reserve under noncurrent |  |
| 2023-12 | 7 | NIM <2.5% | charge-offs p90, wholesale funding >15% |
| 2024-03 | 6 | wholesale funding >15% | capital falling, noncurrent p90 |
| 2024-06 | 6 |  |  |
| 2024-09 | 7 | deposits shrinking, assets shrinking | reserve under noncurrent |
| 2024-12 | 7 |  |  |
| 2025-03 | 7 | capital falling | NIM <2.5% |
| 2025-06 | 8 | brokered >10%, NIM <2.5% | capital falling |
| 2025-09 | 8 |  |  |
| 2025-12 | 9 | capital falling |  |
| 2026-03 | 9 | uninsured deposits leaving | capital falling |
| 2026-06 | 6 |  | deposits shrinking, assets shrinking, uninsured deposits leaving |

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

- 2025-03-21 [Massachusetts bank deemed in ‘troubled condition’ by OCC - Banking Dive](https://news.google.com/rss/articles/CBMimwFBVV95cUxOblJ3d0t1aEpfS3Y5WUdyNVRaTFBhNUNrRk00TnY1N2JMdGNLWm5fY25jVzRnOVhCOTVRSlZKU2ZOREhuR3VsYXZ0M1FUbnhJeEdzUFg2QkRKNkZueWRhWVZSRjQ2X2VFTGdWWGh1cHRMdHZnLTJoYnRjZXF3UjVXR1pGZXF0YzFSQ3ozRTNTbkJLMVRVUUxaZ01oMA?oc=5) · Banking Dive
- 2025-06-30 [42 North, newest iteration of Admirals Bank, opens Manhattan branch - The Business Journals](https://news.google.com/rss/articles/CBMiogFBVV95cUxNSmNKeU9mSXVndVJUYnlqQ21yRUdsNWY2ak9rNzlIQ0lEV1JMX3dwajZqLTB2dVh1VTNjU2N0dkVOZ3NuaHhkVlRKSXhIOG1TQ2FmSURFbWxiZ3dLRklIeTlvQ005NUh5WmwwcVBwcXBYOFpHT2RWTFl2MmNuQ1VfclFqUEpqcF9fM3M2Q1N5b2ZfQTF4RzVoalhHdmlyOG1YbFE?oc=5) · The Business Journals
- 2025-03-24 [Canton-based 42 North Private Bank in 'troubled condition,' federal regulator says - The Business Journals](https://news.google.com/rss/articles/CBMikgFBVV95cUxOU1ZSNzFZOG5GVVBOMThkRE1KY3Y3a0pnWTRXLUQ5TUJvQks4V0Y2ZEVkckdzc0JmNFNDeWdRZGNlX041VGpPSVdlbmlXUHQyY0ZaMXAxQ000VWR6cFctNFhQM2NXaC02U3d6Y2hwOVZtMGhGLUZpYjRSTTg2d2FJRkd6ajNTWERUa1N6ZWFxNURqdw?oc=5) · The Business Journals
- 2025-10-02 [Backbase Makes Wealth Management Push With Senior Hires in US, Asia and Europe - Fintech Singapore](https://news.google.com/rss/articles/CBMigAFBVV95cUxQNm9OV2tqTl9wckNMY3hSOVdMRlpTTzVKU0liejV1bktLTHF6eWpLRnVZSlNsVFhQbDQ4QzFKV0tkWmt5QTRHTlFWQXk0TWc1OXRhTzZ0d0hEeEM3ZEV1Vy0yVnpmX0V4c0xHeEhuOTlRWG9SZFMzRmlmVFBsWjNNcg?oc=5) · Fintech Singapore
- 2025-07-01 [Five things you need to know, and I want to hear from you - The Business Journals](https://news.google.com/rss/articles/CBMipgFBVV95cUxPX0xyWC1fSGxZSkdvY3dfR19HVWF6NHpZMGlwZHctMnlKSjZDRmFzUENxeW5rRVFWUXRMU2JFZlE4RDAzV1lEeENFQlltWDVZVGVBVHRtb1FNNWRlczV0a3NGY0JHX0g1TVpCLUZKT0FES2pQWmhTVHRMdG8ydGhjNG10RGVCVXZEUTZrbDhVQk5kN0RkYzBBWDBWOUhXc1kxUmlvRHBB?oc=5) · The Business Journals

## How to verify

- Page: https://getbookiq.com/bank-desk/#bank=27015 (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/7.json (key "27015", 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