# EASTERN CONNECTICUT SB
NORWICH, CT · FDIC certificate 28167 · asset band <$300M · latest filing 2025-06 · stopped filing (departed)

**Verdict on the desk:** this could be *credit-stressed*. Composite score 4 (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 | $262.6M | |
| Deposits | $234.9M | |
| Loans and leases | $221.6M | |
| Total equity | $18.5M | |
| Loans / deposits | 93.67% (p86 of band) | 72.67% |
| Liquid assets / assets | 10.50% (p4 of band) | |
| Uninsured deposits / deposits | 11.02% (p18 of band) | 19.13% |
| Brokered deposits | 0.00% | |
| Wholesale funding | 3.29% (p62 of band) | |
| FHLB advances / assets | 3.28% | |
| Tier 1 leverage | 6.93% (p1 of band) | 11.61% |
| Unrealized securities loss / equity | -0.01% (p89 of band) | -10.04% |
| AOCI / equity | 0.00% (p15 of band) | |
| ROA (annualized) | 0.09% (p11 of band) | 1.04% |
| Net interest margin | 2.92% (p17 of band) | 3.76% |
| Efficiency ratio | 96.21% (p91 of band) | |
| Noncurrent loans | 1.60% (p83 of band) | 0.31% |
| Net charge-offs (annualized) | 0.04% (p80 of band) | |
| Reserve coverage of noncurrent | 43.52% | |
| Real estate % of loans | 94% | |
| Construction % of loans | 32.82% (p67 of band) | |
| Auto loans | $23,000 (0.01% of loans; DQ 0.00%, NCO 0.00%) | |
| Loans to nondepository financials | $0 (0% of equity) (p48 of band) | |
| Deposits YoY | -1.5% | |
| Employees | 48 | |

## Flags firing in the latest filing

- **leverage <7%** (`cap_low`)
- **capital falling** (`cap_falling`)
- **expense ratio p90** (`earn_efficiency`)
- **reserve under noncurrent** (`aq_reserve`)

## Warning timeline

| Quarter | Score | Flags that first fired | Flags that cleared |
|---|---|---|---|
| 2011-03 | 4 | loans exceed deposits, wholesale funding >15%, liquid assets <10%, reserve under noncurrent |  |
| 2011-06 | 4 |  |  |
| 2011-09 | 4 |  |  |
| 2011-12 | 4 |  |  |
| 2012-03 | 3 | capital falling | wholesale funding >15%, liquid assets <10% |
| 2012-06 | 3 | liquid assets <10% | capital falling |
| 2012-09 | 3 |  |  |
| 2012-12 | 6 | wholesale funding >15%, capital falling, losing money |  |
| 2013-03 | 7 | expense ratio p90, uninsured deposits leaving | wholesale funding >15% |
| 2013-06 | 5 |  | capital falling, uninsured deposits leaving |
| 2013-09 | 3 |  | losing money, expense ratio p90 |
| 2013-12 | 4 | losing money |  |
| 2014-03 | 6 | capital falling, expense ratio p90 |  |
| 2014-06 | 5 | wholesale funding >15% | losing money, expense ratio p90 |
| 2014-09 | 4 |  | capital falling |
| 2014-12 | 5 | expense ratio p90 |  |
| 2015-03 | 5 | capital falling | expense ratio p90 |
| 2015-06 | 4 |  | capital falling |
| 2015-09 | 5 | expense ratio p90 |  |
| 2015-12 | 5 |  |  |
| 2016-03 | 6 | losing money |  |
| 2016-06 | 7 | capital falling |  |
| 2016-09 | 7 |  |  |
| 2016-12 | 6 |  | capital falling |
| 2017-03 | 5 | charge-offs p90 | wholesale funding >15%, losing money |
| 2017-06 | 5 |  |  |
| 2017-09 | 5 | assets shrinking | charge-offs p90 |
| 2017-12 | 6 | losing money |  |
| 2018-03 | 4 |  | assets shrinking, losing money |
| 2018-06 | 5 | noncurrent p90 |  |
| 2018-09 | 5 |  |  |
| 2018-12 | 3 |  | loans exceed deposits, noncurrent p90 |
| 2019-03 | 7 | loans exceed deposits, capital falling, losing money, charge-offs p90 |  |
| 2019-06 | 5 |  | loans exceed deposits, charge-offs p90 |
| 2019-09 | 4 | noncurrent p90 | capital falling, losing money |
| 2019-12 | 3 |  | liquid assets <10% |
| 2020-03 | 5 | capital falling, losing money |  |
| 2020-06 | 4 |  | losing money |
| 2020-09 | 3 | liquid assets <10% | noncurrent p90, capital falling |
| 2020-12 | 2 |  | expense ratio p90 |
| 2021-03 | 4 | leverage <7%, capital falling |  |
| 2021-06 | 4 |  |  |
| 2021-09 | 2 |  | leverage <7%, capital falling |
| 2021-12 | 3 | construction >100% equity |  |
| 2022-03 | 3 |  |  |
| 2022-06 | 6 | loans exceed deposits, capital falling, charge-offs p90 |  |
| 2022-09 | 5 |  | loans exceed deposits |
| 2022-12 | 6 | loans exceed deposits, leverage <7% | charge-offs p90 |
| 2023-03 | 7 | expense ratio p90 |  |
| 2023-06 | 7 | noncurrent p90 | construction >100% equity |
| 2023-09 | 6 | uninsured deposits leaving | capital falling, noncurrent p90 |
| 2023-12 | 7 | noncurrent p90 |  |
| 2024-03 | 8 | losing money, assets shrinking | leverage <7% |
| 2024-06 | 4 |  | loans exceed deposits, uninsured deposits leaving, noncurrent p90, assets shrinking |
| 2024-09 | 4 |  |  |
| 2024-12 | 5 | leverage <7% |  |
| 2025-03 | 5 | capital falling | liquid assets <10% |
| 2025-06 | 4 |  | losing money |

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

- nothing found for that search

## How to verify

- Page: https://getbookiq.com/bank-desk/#bank=28167 (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 "28167", 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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