# MUTUAL SAVINGS BANK
FRANKLIN, IN · FDIC certificate 27742 · asset band $300M-1B · latest filing 2026-06 · live

**Verdict on the desk:** this could be *run candidate*. Composite score 1 (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 | $352.9M | |
| Deposits | $284.3M | |
| Loans and leases | $223.8M | |
| Total equity | $25.3M | |
| Loans / deposits | 77.63% (p40 of band) | 82.04% |
| Liquid assets / assets | 31.43% (p67 of band) | |
| Uninsured deposits / deposits | 33.33% (p75 of band) | 25.97% |
| Brokered deposits | 0.00% | |
| Wholesale funding | 11.90% (p82 of band) | |
| FHLB advances / assets | 11.90% | |
| Tier 1 leverage | 10.22% (p40 of band) | 10.81% |
| Unrealized securities loss / equity | -52.21% (p4 of band) | -8.10% |
| AOCI / equity | 4.93% (p99 of band) | |
| ROA (annualized) | 0.88% (p26 of band) | 1.28% |
| Net interest margin | 3.21% (p16 of band) | 3.91% |
| Efficiency ratio | 71.36% (p76 of band) | |
| Noncurrent loans | 0.00% (p4 of band) | 0.43% |
| Net charge-offs (annualized) | 0.00% (p37 of band) | |
| Reserve coverage of noncurrent | – | |
| Real estate % of loans | 91% | |
| Construction % of loans | 85.07% (p80 of band) | |
| Auto loans | $2.3M (1.02% of loans; DQ 0.00%, NCO 0.00%) | |
| Loans to nondepository financials | $0 (0% of equity) (p45 of band) | |
| Deposits YoY | 16.4% | |
| Employees | 46 | |

## Flags firing in the latest filing

- **securities losses >30% of equity** (`cap_secloss`)

## Warning timeline

| Quarter | Score | Flags that first fired | Flags that cleared |
|---|---|---|---|
| 2011-03 | 0 |  |  |
| 2011-06 | 1 | charge-offs p90 |  |
| 2011-09 | 1 | loans exceed deposits | charge-offs p90 |
| 2011-12 | 2 | reserve under noncurrent |  |
| 2012-03 | 2 |  |  |
| 2012-06 | 4 | wholesale funding >15%, capital falling, uninsured deposits leaving | reserve under noncurrent |
| 2012-09 | 2 |  | wholesale funding >15%, capital falling |
| 2012-12 | 2 | wholesale funding >15% | uninsured deposits leaving |
| 2013-03 | 2 |  |  |
| 2013-06 | 2 |  |  |
| 2013-09 | 3 | capital falling |  |
| 2013-12 | 1 |  | wholesale funding >15%, capital falling |
| 2014-03 | 1 |  |  |
| 2014-06 | 3 | assets shrinking, uninsured deposits leaving |  |
| 2014-09 | 0 |  | loans exceed deposits, assets shrinking, uninsured deposits leaving |
| 2014-12 | 0 |  |  |
| 2015-03 | 0 |  |  |
| 2015-06 | 0 |  |  |
| 2015-09 | 1 | loans exceed deposits |  |
| 2015-12 | 1 |  |  |
| 2016-03 | 2 | capital falling |  |
| 2016-06 | 2 |  |  |
| 2016-09 | 2 |  |  |
| 2016-12 | 2 | wholesale funding >15% | capital falling |
| 2017-03 | 3 | charge-offs p90 |  |
| 2017-06 | 4 | capital falling |  |
| 2017-09 | 2 |  | loans exceed deposits, wholesale funding >15% |
| 2017-12 | 2 | loans exceed deposits | charge-offs p90 |
| 2018-03 | 1 |  | capital falling |
| 2018-06 | 1 |  |  |
| 2018-09 | 2 | capital falling |  |
| 2018-12 | 2 |  |  |
| 2019-03 | 1 |  | capital falling |
| 2019-06 | 0 |  | loans exceed deposits |
| 2019-09 | 0 |  |  |
| 2019-12 | 0 |  |  |
| 2020-03 | 0 |  |  |
| 2020-06 | 0 |  |  |
| 2020-09 | 0 |  |  |
| 2020-12 | 0 |  |  |
| 2021-03 | 1 | capital falling |  |
| 2021-06 | 1 |  |  |
| 2021-09 | 1 |  |  |
| 2021-12 | 0 |  | capital falling |
| 2022-03 | 1 | AOCI drag >20% of equity |  |
| 2022-06 | 2 | securities losses >30% of equity |  |
| 2022-09 | 3 | capital falling |  |
| 2022-12 | 2 |  | capital falling |
| 2023-03 | 2 | wholesale funding >15% | AOCI drag >20% of equity |
| 2023-06 | 3 | capital falling |  |
| 2023-09 | 4 | deposits shrinking |  |
| 2023-12 | 3 |  | deposits shrinking |
| 2024-03 | 3 |  |  |
| 2024-06 | 2 |  | capital falling |
| 2024-09 | 2 |  |  |
| 2024-12 | 2 |  |  |
| 2025-03 | 2 |  |  |
| 2025-06 | 2 |  |  |
| 2025-09 | 2 |  |  |
| 2025-12 | 1 |  | wholesale funding >15% |
| 2026-03 | 1 |  |  |
| 2026-06 | 1 |  |  |

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

- 2026-05-05 [Boston-area mutual bank agrees to buy New Hampshire lender - American Banker](https://news.google.com/rss/articles/CBMimgFBVV95cUxPZDZXUmJyMmswQUwwZ0RWMHdSZzZBLWgzdU9jem5KZnBlcUo0Z0FCcGxhNXNQbElWWnVuM2F6WHY0cEJsX3BoeUl5RTlSRDZIOTNaNU03N19Mdm1LVHBUVnpCa3FYeXdnUTJOWG9QaEw3LWRFdE1HWmZXY2c0RXFCRjdXTVFQRy1YVzd4cTM0cEZTU21oWnZiZE5R?oc=5) · American Banker
- 2026-03-09 [Thomaston Savings Bank joins Mutuals Matter Association - The Bristol Edition](https://news.google.com/rss/articles/CBMimgFBVV95cUxOUU5lSmZsa2dOOU8yQnFrdXJXcXBBWVhzM2Z2VXZUTUtBZ2I5eFVSd0pVeWNCTUhzcloxcXFmWUxHSml4YnBFXzhzS0V0NU9IUUhnTlBwNU0xSVRYUS03aXk2WjRwSXN1MkVOMGxnYzdJNjBkTXpNbEg1d1FEWW85R1pMcEtlNGtFLV8tbWlxQ0o1NGE4cWt6aHNR?oc=5) · The Bristol Edition
- 2026-04-08 [NJ Bank Can't Get Conversion Plan Revived On Appeal - Law360](https://news.google.com/rss/articles/CBMilgFBVV95cUxOOWR1Z1RYRGdsdEt5NVl5VjNhVnN4bTJUcVNoREJCY185X29GQ0w4b1o3Mkp3MXFFUDBJanhQRkVnN21UMGVQMnBERzNTU3JCNmc3d1A3VmZRUU95NENRdmVTX1ZHQllDRy1OM0twNmN1UG9vTkxHVzdxcWpvSURkS0lfc2cyY3ZvaXdYQTZoSkpQM3RGVEHSAVZBVV95cUxPLWNnbkg1QmVyOGUtVmlhNlotVnMxZGJRS2V1Wk1EVUNURXIzZkk5ZW1XQ3RBeElUZjhJQk81TkMtY3BPWFdHX3dZZFV6QS1JdjVWRWRaZw?oc=5) · Law360
- 2026-05-05 [Cambridge Savings Bank expands into NH in $80.9M deal - Banking Dive](https://news.google.com/rss/articles/CBMiuAFBVV95cUxPSDBEc3VUYk5KT3drOHplQmJvbWNCakZiTVg4TFM4WDAxVUpwV3luRmltWUN5RHAyTkRONENtRnRqaXdVZ1pFdkM1Sy1JU3h3SWpOX0FRcTJBemMtSTFiR1dfaThic0hXVUlPTHVBTWZ1bzRYampvWTUwNHlKVUlxeXVZTnhiTUk3LWk4bjdJZHNrN3puNHZYVjZvYUswR3gyQnhsSWhDUS12aVVaTVk0bHI3TnNILXlF?oc=5) · Banking Dive
- 2026-06-17 [Jewett City Savings Bank CEO named business leader - Norwich Bulletin](https://news.google.com/rss/articles/CBMi8wFBVV95cUxQRHhYN2xkemJvaUd2VHpwRkgxNWlyZmQtMGJaZHhjRjRtdDJTRXp2M19JYWg3WkpmXzFmT0NUeUd4SFV6aUJRUUVvYlRWQkVhUTJlSFU0c1lKMC1SN2txc0g3cEhWd2lsVTdiVVZyVnM3MnVCMDVkc0tBS1lDNWpRVWxGLVEwUWhTclhqOVFoS2FDRjNTTUUyR1NMdmRQRlBhd0V1RWJoRnprN1VpN0tweGZIU3RCVVdvY19zU0p4R0dkQ3IybC1NR250YUd5STZUTlJsMkZMbjRfRXAzaUo1dzcxbEFSRndrWlB0NmlfejhpT2M?oc=5) · Norwich Bulletin
- 2025-10-03 [Thomaston Savings Bank reopens remodeled Middlebury branch - hartfordbusiness.com](https://news.google.com/rss/articles/CBMinAFBVV95cUxNRk95aUZWRG92dmZwY0NBdExndW1YTTQ3ZUJMYXo0dHhaQjVpUXc2Uzh6OTNVTU5rZGs5dW9hRXZobllVX1czbXFHRzVqQWw0cDdUdndsczNtWV9GVDhyVkFiZHdMUHZSTDZ3S3lWVW43bFloQjJfZWJsTU1oamdjNkhvQ1gtdDF5QXZYYmR3MWFiRnVzYTMtYUxicTE?oc=5) · hartfordbusiness.com
- 2026-01-05 [Coatesville's Presence Bank, founded more than 100 years ago, sells for $55M - The Business Journals](https://news.google.com/rss/articles/CBMilwFBVV95cUxOaVhQM2Fudko5RTBRSjNKLVhRM0NyOF9aUDBRNldvVkVSRFI0TmR2Sjhja0ROUkRxdGdMU3U5dUs4VTkzUGNXaUxidUdyb21vV0ttb1BWWmVxTUdIRU1UZmVVOFRCNFlza1lRcS03QkZBREtMZnRaRmNTbGthYTBMNmhVY0c4dV85S003MXNXeFJYZkNkbWhz?oc=5) · The Business Journals
- 2023-12-07 [Gorham Saving Bank, Maine Community Bank agree to merger - mainebiz.biz](https://news.google.com/rss/articles/CBMijgFBVV95cUxNZkt4M3huRFg3YWhaelpaQ0NqR09FdnB3Q1pMSGdXWXViMG5CcVJIaHlYWU9xMXh3TmNZaGN1RkJUd2IyRzR3cnVRYVlMRHdOT3dubGdadVVteGM2Ti1ULVJiU2tydHZiLW1nNUQyeW1sMUd4MVZnUkRUSU9JdnNQQWdHRU5ZZ2l5YzlSS1hB?oc=5) · mainebiz.biz

## How to verify

- Page: https://getbookiq.com/bank-desk/#bank=27742 (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/30.json (key "27742", 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.

---
Rendered 2026-09-10 from the desks' own data files. Full guide: https://getbookiq.com/guide