# NORTHMARK BANK
NORTH ANDOVER, MA · FDIC certificate 27119 · asset band $300M-1B · latest filing 2022-09 · stopped filing (departed)

**Verdict on the desk:** this could be *funding-stretched*. 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 | $431.1M | |
| Deposits | $373.0M | |
| Loans and leases | $316.5M | |
| Total equity | $52.8M | |
| Loans / deposits | 83.79% (p69 of band) | 72.27% |
| Liquid assets / assets | 24.65% (p35 of band) | |
| Uninsured deposits / deposits | 40.86% (p86 of band) | 27.64% |
| Brokered deposits | 0.00% | |
| Wholesale funding | 0.87% (p37 of band) | |
| FHLB advances / assets | 0.00% | |
| Tier 1 leverage | 12.33% (p83 of band) | 9.98% |
| Unrealized securities loss / equity | -2.26% (p93 of band) | -28.34% |
| AOCI / equity | 0.00% (p98 of band) | |
| ROA (annualized) | 0.03% (p3 of band) | 1.08% |
| Net interest margin | 3.36% (p52 of band) | 3.33% |
| Efficiency ratio | 98.66% (p98 of band) | |
| Noncurrent loans | 0.00% (p5 of band) | 0.24% |
| Net charge-offs (annualized) | 0.00% (p45 of band) | |
| Reserve coverage of noncurrent | – | |
| Real estate % of loans | 94% | |
| Construction % of loans | 51.03% (p48 of band) | |
| Auto loans | $138,000 (0.04% of loans; DQ 0.00%, NCO 0.00%) | |
| Loans to nondepository financials | $0 (0% of equity) (p45 of band) | |
| Deposits YoY | -5.0% | |
| Employees | 42 | |

## Flags firing in the latest filing

- **expense ratio p90** (`earn_efficiency`)
- **deposits shrinking** (`shrink_deposits`)
- **assets shrinking** (`shrink_assets`)

## Warning timeline

| Quarter | Score | Flags that first fired | Flags that cleared |
|---|---|---|---|
| 2011-03 | 0 |  |  |
| 2011-06 | 0 |  |  |
| 2011-09 | 0 |  |  |
| 2011-12 | 0 |  |  |
| 2012-03 | 0 |  |  |
| 2012-06 | 1 | capital falling |  |
| 2012-09 | 0 |  | capital falling |
| 2012-12 | 0 |  |  |
| 2013-03 | 0 |  |  |
| 2013-06 | 0 |  |  |
| 2013-09 | 0 |  |  |
| 2013-12 | 0 |  |  |
| 2014-03 | 0 |  |  |
| 2014-06 | 1 | capital falling |  |
| 2014-09 | 1 | loans exceed deposits | capital falling |
| 2014-12 | 1 |  |  |
| 2015-03 | 1 |  |  |
| 2015-06 | 1 |  |  |
| 2015-09 | 0 |  | loans exceed deposits |
| 2015-12 | 0 |  |  |
| 2016-03 | 1 | loans exceed deposits |  |
| 2016-06 | 1 |  |  |
| 2016-09 | 1 |  |  |
| 2016-12 | 0 |  | loans exceed deposits |
| 2017-03 | 2 | loans exceed deposits, capital falling |  |
| 2017-06 | 1 |  | loans exceed deposits |
| 2017-09 | 1 |  |  |
| 2017-12 | 1 |  |  |
| 2018-03 | 0 |  | capital falling |
| 2018-06 | 1 | loans exceed deposits |  |
| 2018-09 | 1 |  |  |
| 2018-12 | 1 |  |  |
| 2019-03 | 1 |  |  |
| 2019-06 | 1 |  |  |
| 2019-09 | 0 |  | loans exceed deposits |
| 2019-12 | 1 | loans exceed deposits |  |
| 2020-03 | 1 |  |  |
| 2020-06 | 0 |  | loans exceed deposits |
| 2020-09 | 1 | capital falling |  |
| 2020-12 | 1 |  |  |
| 2021-03 | 0 |  | capital falling |
| 2021-06 | 0 |  |  |
| 2021-09 | 1 | capital falling |  |
| 2021-12 | 0 |  | capital falling |
| 2022-03 | 0 |  |  |
| 2022-06 | 2 | deposits shrinking, assets shrinking |  |
| 2022-09 | 3 | expense ratio p90 |  |

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

- 2022-10-03 [Cambridge Bancorp Announces Completion of Merger with Northmark Bank - PR Newswire](https://news.google.com/rss/articles/CBMiwgFBVV95cUxONXNrZE94TkxyWDZxaHBBMUUwV3VQdnNWbGNnSlh3aUxqd2Q2Nk10OEt5QVpKdy1MaDE3RVlQQzdtS0tfUEdYMmk2Z0JERF9xcldIbXdhc1BBSlpabVU0SE91TUJMaHBNOFRmSExVYWZ4MGxmNW51YjduNmF2dl9UaUt1VjNVRnV1YWhtSGczWS1xaHFIRjAyUXBWbV81dVVqRzJqUDZTM0ZkVWY5SU9pS2ZRWFN4dloxQVhjYlhtSnJUdw?oc=5) · PR Newswire
- 2022-05-23 [Cambridge Trust to Acquire Northmark Bank - Banker & Tradesman](https://news.google.com/rss/articles/CBMifkFVX3lxTE13MHhrZElKS1N0WHV4WTNGaEd3R1RnUkNEemh5N3htQk44cmdsVzF5QU50WG50UU9Md1dlSlVLS1BwU01KX1RWcnhFTEhYbTdSOXZMVlBnalREUlVqOXhEekZaZHFfenhZcW45bHlsU0tEVHUwcjc5M1hkU2NPdw?oc=5) · Banker & Tradesman
- 2023-04-25 [Cambridge Trust sees slight decline in loans in Q1 - The Business Journals](https://news.google.com/rss/articles/CBMijwFBVV95cUxNcWNwR2w3cVFRdWl5VmxqQWRqTF94LUdobmJDd3ltWFQwV1BDOU1mX2NuZ3hvbzNsRjNheUhvUGZ2ZnNkM09tQVNjNGhtTWc3bTFycUJCWXpyV3owb29yM0l2dlh3UUVseVBDSWlDUXFpSTZaQXkta0tGcThfV1F1Nm13Z29zTEl6WnB4eUd2Yw?oc=5) · The Business Journals
- 2024-05-28 [Kerri Pramas Obituary - MA - Lowell Sun](https://news.google.com/rss/articles/CBMiZkFVX3lxTE1Ca2kzNEpCZjY0aVpxZ3V2UnJ3MjJHTTZqRDBtM0hLdm5RdUk0UXA2c19uYnhLM2VycVdxRG9melBDbzU3dGw5Y3hvMFZIXzdiN3MteVJyR1dSWjBIa093aGlYYTBPZw?oc=5) · Lowell Sun
- 2021-10-12 [Michael Dunleavy Obituary (2002) - Burlington, Winchester, Woburn, MA - Boston Globe - legacy.com](https://news.google.com/rss/articles/CBMilgFBVV95cUxNOTdLTUZkc0Q2RWlHVEh6OXF3d094RDl2bl90Umd0d1h5bkFQZUFCN1pGeXp3dGhOcElfZUxCX3BxdDVjTXFNYU5SWkNScXFxNldGZFpJRzd4NVFXSGRNVE81bkFYV0Y1QnpMQTZKWHdfa2lCUy1vQWZoUVBGOTk0R2Z0Q3lGbFhPZ3M2Y0FCcndKRVJhSVE?oc=5) · legacy.com
- 2024-06-08 [Domenic Scalise Obituary - North Andover, MA - Lowell Sun](https://news.google.com/rss/articles/CBMifEFVX3lxTE9KYkhLSno0a2doYXVJdE42QXlZMVhLQktmdGxKX0pKdDVUUGJ4WVdfQUpPdkVvRTJlMmFrVEhhR3RvdkNJazJTblhjcFJGVlRCcEtmaEFpYXhUQ0FkWHg4WFVVU01HU201ZnJ1NHJmOHdhbHRpalhOUEUtdFQ?oc=5) · Lowell Sun
- 2007-01-18 [Donald Roy Obituary (2007) - Lowell, North Andover, MA - Boston Globe - legacy.com](https://news.google.com/rss/articles/CBMijgFBVV95cUxOYVFuT19SeFFWZVZRcF9oNnVRTC14bTB1aHYzaGIwR3B3ZHM5MHpmWUlOWmREWjJySFVTMENUaXhocFpzLVVsd3Z1azVvLWpBR0puM3JwYUk0QWtDOHBYTDM5VlAtRDNpeHNMQW0zR01aYjVFUk51VkFETmlIOUZaSWVWZnBEX3hpRW0xcEZB?oc=5) · legacy.com
- 2009-09-11 [Melinda Rosengarten Obituary (2009) - Westchester, NY - The Journal News - legacy.com](https://news.google.com/rss/articles/CBMikgFBVV95cUxQTkY2aXZscGhvbGI4Um9NckptdDdER3ZQSDBhVDY4QTEteDlsNEhJaGpJZjhIOFVvcFpwTTRST29EVU9nWDVwdkF1S0FTa1Ezb1ptNWZvX2N6NzFXNkVWQzlwel9zeFZSTmxrTkxMczlSWVViOWdWWGNvRXBTOElabE41OExXemtKT1YycEg4Wk40Zw?oc=5) · legacy.com

## How to verify

- Page: https://getbookiq.com/bank-desk/#bank=27119 (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/47.json (key "27119", 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