# SHOREHAM BANK
WARWICK, RI · FDIC certificate 27417 · asset band $300M-1B · latest filing 2026-06 · live

**Verdict on the desk:** this could be *funding-stretched*. Composite score 5 (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 | $534.8M | |
| Deposits | $420.5M | |
| Loans and leases | $468.8M | |
| Total equity | $55.3M | |
| Loans / deposits | 109.13% (p97 of band) | 82.04% |
| Liquid assets / assets | 10.40% (p5 of band) | |
| Uninsured deposits / deposits | 10.91% (p5 of band) | 25.97% |
| Brokered deposits | 15.92% | |
| Wholesale funding | 26.21% (p96 of band) | |
| FHLB advances / assets | 10.29% | |
| Tier 1 leverage | 10.65% (p48 of band) | 10.81% |
| Unrealized securities loss / equity | -0.21% (p93 of band) | -8.10% |
| AOCI / equity | -0.12% (p65 of band) | |
| ROA (annualized) | 0.63% (p15 of band) | 1.28% |
| Net interest margin | 4.30% (p73 of band) | 3.91% |
| Efficiency ratio | 76.56% (p85 of band) | |
| Noncurrent loans | 1.12% (p76 of band) | 0.43% |
| Net charge-offs (annualized) | 0.78% (p98 of band) | |
| Reserve coverage of noncurrent | 187.93% | |
| Real estate % of loans | 77% | |
| Construction % of loans | 0.00% (p2 of band) | |
| Auto loans | $55.0M (11.73% of loans; DQ 3.83%, NCO 0.27%) | |
| Loans to nondepository financials | $0 (0% of equity) (p45 of band) | |
| Deposits YoY | -2.4% | |
| Employees | 101 | |

## Flags firing in the latest filing

- **loans exceed deposits** (`liq_ltd`)
- **brokered >10%** (`liq_brokered`)
- **wholesale funding >15%** (`liq_wholesale`)
- **capital falling** (`cap_falling`)
- **charge-offs p90** (`aq_nco`)

## Warning timeline

| Quarter | Score | Flags that first fired | Flags that cleared |
|---|---|---|---|
| 2011-03 | 5 | losing money, expense ratio p90, noncurrent p90, charge-offs p90, reserve under noncurrent |  |
| 2011-06 | 5 |  |  |
| 2011-09 | 6 | capital falling |  |
| 2011-12 | 5 |  | capital falling |
| 2012-03 | 4 | assets shrinking | losing money, expense ratio p90 |
| 2012-06 | 5 | losing money |  |
| 2012-09 | 4 |  | noncurrent p90 |
| 2012-12 | 4 | capital falling | assets shrinking |
| 2013-03 | 1 |  | reserve under noncurrent, losing money, capital falling |
| 2013-06 | 1 | liquid assets <10% | charge-offs p90 |
| 2013-09 | 0 |  | liquid assets <10% |
| 2013-12 | 0 |  |  |
| 2014-03 | 1 | charge-offs p90 |  |
| 2014-06 | 1 |  |  |
| 2014-09 | 1 |  |  |
| 2014-12 | 2 | uninsured deposits leaving |  |
| 2015-03 | 1 |  | uninsured deposits leaving |
| 2015-06 | 2 | reserve under noncurrent |  |
| 2015-09 | 2 |  |  |
| 2015-12 | 1 |  | charge-offs p90 |
| 2016-03 | 2 | charge-offs p90 |  |
| 2016-06 | 4 | capital falling, auto book souring |  |
| 2016-09 | 4 |  |  |
| 2016-12 | 3 |  | capital falling |
| 2017-03 | 2 |  | reserve under noncurrent |
| 2017-06 | 5 | loans exceed deposits, liquid assets <10%, capital falling |  |
| 2017-09 | 5 |  |  |
| 2017-12 | 2 |  | auto book souring, loans exceed deposits, capital falling |
| 2018-03 | 2 | loans exceed deposits | charge-offs p90 |
| 2018-06 | 4 | capital falling, charge-offs p90 |  |
| 2018-09 | 5 | auto book souring |  |
| 2018-12 | 6 | reserve under noncurrent |  |
| 2019-03 | 5 |  | reserve under noncurrent |
| 2019-06 | 5 |  |  |
| 2019-09 | 5 |  |  |
| 2019-12 | 2 |  | liquid assets <10%, loans exceed deposits, capital falling |
| 2020-03 | 3 | liquid assets <10% |  |
| 2020-06 | 3 |  |  |
| 2020-09 | 3 |  |  |
| 2020-12 | 3 | noncurrent p90 | liquid assets <10% |
| 2021-03 | 3 |  |  |
| 2021-06 | 3 |  |  |
| 2021-09 | 4 | deposits shrinking |  |
| 2021-12 | 5 | brokered >10%, assets shrinking | noncurrent p90 |
| 2022-03 | 5 |  |  |
| 2022-06 | 5 | loans exceed deposits | auto book souring |
| 2022-09 | 5 | wholesale funding >15% | assets shrinking |
| 2022-12 | 4 | capital falling | deposits shrinking, loans exceed deposits |
| 2023-03 | 4 | noncurrent p90 | capital falling |
| 2023-06 | 4 |  |  |
| 2023-09 | 4 |  |  |
| 2023-12 | 6 | loans exceed deposits, liquid assets <10%, capital falling | noncurrent p90 |
| 2024-03 | 5 |  | liquid assets <10% |
| 2024-06 | 4 |  | loans exceed deposits |
| 2024-09 | 6 | loans exceed deposits, liquid assets <10% |  |
| 2024-12 | 5 |  | loans exceed deposits |
| 2025-03 | 3 |  | capital falling, liquid assets <10% |
| 2025-06 | 5 | loans exceed deposits, liquid assets <10% |  |
| 2025-09 | 4 | capital falling | loans exceed deposits, liquid assets <10% |
| 2025-12 | 5 | loans exceed deposits, liquid assets <10% | capital falling |
| 2026-03 | 4 |  | liquid assets <10% |
| 2026-06 | 5 | capital falling |  |

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

- 2026-01-26 [Shoreham Bank appoints Sengkeo Bouchard as new chief financial officer - Providence Business News](https://news.google.com/rss/articles/CBMikAFBVV95cUxPWDE3QkNXLW14UXcxN1k5c01XWTVkZXNqRFdMY2RjelhZUWIzZjV0ci1SN2xoeC1KNXBZMjJOaVY4OTJyeW1pQUZ1RmRkZ1RGVDdweHF0bnBFLVZoaEJPNlBSLXVoalM3b0pvd25ONnl0a0dRbzZGM3lPY1hlWGw5ZjQzS2Rxb0NTOWc4Wk45ZjPSAZgBQVVfeXFMUGM1M0lFTV9pUjIycGJKQVAtUEc4Y3diY010cDdhanhiVC1IZEFEaDlWLVlkMEFtYlNKTlcwYnA2ZXltMjR6VnJPRlh5ZUpRZi1nWE9XQnJTcFJIcVRScEhBYU9aN2xNdUFKNHNLMGxSSTVPLU1KUWhJNnJaYk5DaTkwNk45WkYySmJSdWFidEZIZU02QXZ5NUw?oc=5) · Providence Business News
- 2024-03-18 [Why Home Loan Investment Bank rebranded to Shoreham Bank - WPRI.com](https://news.google.com/rss/articles/CBMiqwFBVV95cUxNMmtCaFdFeG1hdVJJNDNlRWxMUHk0SDFWaVEzT0NRd1dQLVEtR2l3dF9IS0VnZmRCQ3NKbXM2eEJnZ2RGdDF1MFo1QWx6U1pray1tVEloOE1aUEsxUjZUeHVyd3dkdFR5NTNCd19qN0tyeTI1Q2V4aTRzQzFSUnJya3o1bzdJbVBUejZ5MnY0RUp4T2RVa2I1S0QwX05TaVVNdXh5MG9sR2I3YVXSAbABQVVfeXFMTmRPR1BWeUpTQWMzRW1jVUR3U0NoYW5kdjB0ZHh0QVFDQTJHLWNaVUppV2F4RW9FWWJOXzdWajVGaVZZend5dlBOdTBiYnJpOG1GbUxINXhvT3NvcEdad1JqS0Q5Tld3bWp5UWlDbWw1N3ZqSnF3NVljMmJZZFNzRElxQlpMQ1UyMy1QSzVobWN4TURPbzNZeTVJVkF6c3dVZ1VtSWRieGlpamJxU1JwUkI?oc=5) · WPRI.com
- 2024-03-18 [After 65 years, Home Loan Investment Bank changes name to Shoreham Bank - Providence Business News](https://news.google.com/rss/articles/CBMikAFBVV95cUxQeEtPUWt5cnJtSXlqb1ljQnZHc0wzU2tQTXpDLVYyZEFRMU9saU9IblpLSE16dnh3YnZKMHBqNTV1YWdoYW5uOUtsV3FhUXc3b0U3bnFpSV9aQ2JjdzBSb0NvdlZ4MDl6M2FHNkM5V3RCWmtNMVhUd0xQZW92U2hWNjhNYmFJR3c5Ujhnc29KR03SAZgBQVVfeXFMTnFoTHYyWXBfVDVtVXRzdm1ZMGozcVNvMjExSW55THhNMDZuMjh1el9aalduQUVVWXZtbUxpaERaMm5NNzQ1d1I1dTVmZjNfSkFua1NPdnNRTDdCanZ4dHJhYTRyY2JSRnpLOWd1cnJZLVJJSjd6TjhXcTNuOFFhTVZYQ0o4aHFOczYwZDdCQm5RWDRWQXlZakg?oc=5) · Providence Business News
- 2026-04-13 [Let Shoreham Bank help your local business thrive - WPRI.com](https://news.google.com/rss/articles/CBMiogFBVV95cUxQYjhTSU1oUWw0WFBSMDBfQWYtYlJzTWd3N3pPdlBBd29uLTFuYjE4WGx3RDVOLVNHWVdOUFZoVGZvVC0wRjhZbTBqS0RXVjdUNlFhbDM1ZGh2TGw4SkZEdkljNmRQOEhyc09WV3RINmZlRmEzZVhXRURHTDZTdUxNMEljdF8tenpTM0JySVJYUDdOUGtDbEhDdERUZ1NYOXFCLVHSAacBQVVfeXFMUFRqbGZibDNQMFA2NkpnRUsxRlN5R0JyWnBPakE3bmR6MWktdlJ6d2swaF85TnFjUDBvMGpqRXBZMWN2TjZwRnpqN2daUDA5Rk5waHJnOXNxa2k1MHVXWDZ3aTZZRnhNTmJLTkpJSk5OZENaTndhaWs1SXZrYnE2ODlRY2luejZkczNTMFJhTTNvZ0o4Q2JGWU5JX0QwRkg3X25UaFJtZ0k?oc=5) · WPRI.com
- 2025-10-15 [Citizens' private bank surpasses $12.5B in deposits; wealth unit reaches break-even - The Business Journals](https://news.google.com/rss/articles/CBMirAFBVV95cUxNMGk4SXh5TkhISkZDX3JZMW16T1UwVXNCY0Q5MlgzMGU1bW9vRm1Nck9OUHpfWWQzcFNIOEVNdC16T2xmelFRUmRTMkpXQ1hXSnU5WHVxdnRxSzM4MTZ6dVlHMDhZWWRxdlJQSlJJc1B6YTAtX2xvRlhRdW8zbzlIOWxoYnVobFctUklOWnIyeGJJV0JwdnhyRlNXSkRLMnBiTHdfMDJDYjBQdC1P?oc=5) · The Business Journals
- 2026-03-19 [70th Annual St. Patrick’s Day Parade Highlights - Newport This Week](https://news.google.com/rss/articles/CBMikAFBVV95cUxQS09IalpRbW90b1RiV2EyOWh6cHFtR1dBVTk4MG92VDU1SXJfT0kwNm1pVmlwbHpCdFlCeVNBUTJKaVR0ZVlySDJINFdfdnBkdnYweXQyU0JRT3pVdGxqay1saks0d09KZTZ6dFlFcVJuTFNPOFJTQUduUU5TN1AyQms4TTlGTnFCY3FwUEdscko?oc=5) · Newport This Week
- 2025-05-05 [Santander Bank plans to close 18 branches, including one in Rhode Island - The Business Journals](https://news.google.com/rss/articles/CBMipwFBVV95cUxNSjZWNS0zMDJTdS04RHVvdDZ5ckYxNlZRRVVBNFF0a0VTV29pcU95NlVEZjJwVlVuQ2p1VjBycHJXbkJxUWxQWms5NS1HS21PQXdSUFNIM0J5LVBBZWRjbjVqTExWMFg5VG5oMWJBazdadkpuam9fRVJkNkFPLXh1bm9fY0U4ei1SUG1KTFFob1dDZzVSSE9CMFA0NnNEMDV2VVlzRTVKUQ?oc=5) · The Business Journals
- 2025-09-12 ['Feet on the street': Citizens' new business-banking chief is on the hunt for new clients - The Business Journals](https://news.google.com/rss/articles/CBMipgFBVV95cUxORE9SaWp1VE9IblBVV285TVN1OTNUeE5pUVI5bzFWejFjT0lwREpHT3BSWHpRUXd0RFNmSy04YV9UR1Q4VG9wNWY3dHJ2QUw3X2EzR1F2UDdvVUdCQmd3cVBnRGNSdHc4SkpBZ3F3aHVvdVVxZ05teUFaZENUQXZ4bEdLN084OWl3WGgzLUtvYXhmNnNKdFlxLXZUZzQyZEZsck1uWnlR?oc=5) · The Business Journals

## How to verify

- Page: https://getbookiq.com/bank-desk/#bank=27417 (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/25.json (key "27417", 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