# PULASKI SAVINGS BANK
CHICAGO, IL · FDIC certificate 28611 · asset band <$300M · latest filing 2024-09 · FAILED

**Verdict on the desk:** this could be *credit-stressed*. 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 | $49.5M | |
| Deposits | $42.7M | |
| Loans and leases | $42.0M | |
| Total equity | $5.0M | |
| Loans / deposits | 97.32% (p89 of band) | 72.07% |
| Liquid assets / assets | 8.94% (p3 of band) | |
| Uninsured deposits / deposits | 4.99% (p4 of band) | 18.87% |
| Brokered deposits | 0.00% | |
| Wholesale funding | 3.03% (p55 of band) | |
| FHLB advances / assets | 3.03% | |
| Tier 1 leverage | 10.33% (p33 of band) | 11.60% |
| Unrealized securities loss / equity | -0.36% (p83 of band) | -10.38% |
| AOCI / equity | 0.00% (p8 of band) | |
| ROA (annualized) | -0.59% (p4 of band) | 0.91% |
| Net interest margin | 3.44% (p46 of band) | 3.54% |
| Efficiency ratio | 117.43% (p96 of band) | |
| Noncurrent loans | 0.00% (p13 of band) | 0.27% |
| Net charge-offs (annualized) | 0.00% (p37 of band) | |
| Reserve coverage of noncurrent | – | |
| Real estate % of loans | 99% | |
| Construction % of loans | 2.05% (p22 of band) | |
| Auto loans | $63,000 (0.15% of loans; DQ 0.00%, NCO 0.00%) | |
| Loans to nondepository financials | $0 (0% of equity) (p48 of band) | |
| Deposits YoY | 0.8% | |
| Employees | 9 | |

## Flags firing in the latest filing

- **liquid assets <10%** (`liq_thin`)
- **losing money** (`earn_negative`)
- **expense ratio p90** (`earn_efficiency`)

## Warning timeline

| Quarter | Score | Flags that first fired | Flags that cleared |
|---|---|---|---|
| 2011-03 | 1 | reserve under noncurrent |  |
| 2011-06 | 1 | losing money | reserve under noncurrent |
| 2011-09 | 2 | capital falling |  |
| 2011-12 | 3 | expense ratio p90, reserve under noncurrent | capital falling |
| 2012-03 | 1 |  | losing money, expense ratio p90 |
| 2012-06 | 3 | losing money, expense ratio p90 |  |
| 2012-09 | 7 | capital falling, deposits shrinking, assets shrinking, uninsured deposits leaving |  |
| 2012-12 | 3 |  | reserve under noncurrent, deposits shrinking, assets shrinking, uninsured deposits leaving |
| 2013-03 | 1 | reserve under noncurrent | losing money, expense ratio p90, capital falling |
| 2013-06 | 3 | expense ratio p90, charge-offs p90 |  |
| 2013-09 | 4 | AOCI drag >20% of equity, securities losses >30% of equity | charge-offs p90 |
| 2013-12 | 4 |  |  |
| 2014-03 | 5 | capital falling, losing money | AOCI drag >20% of equity |
| 2014-06 | 5 | uninsured deposits leaving | securities losses >30% of equity |
| 2014-09 | 4 |  | capital falling |
| 2014-12 | 4 |  |  |
| 2015-03 | 4 | capital falling, charge-offs p90 | reserve under noncurrent, uninsured deposits leaving |
| 2015-06 | 3 |  | capital falling |
| 2015-09 | 3 |  |  |
| 2015-12 | 5 | deposits shrinking, assets shrinking |  |
| 2016-03 | 4 | capital falling | charge-offs p90, deposits shrinking |
| 2016-06 | 3 |  | assets shrinking |
| 2016-09 | 4 | NIM <2.5% |  |
| 2016-12 | 4 |  |  |
| 2017-03 | 4 |  |  |
| 2017-06 | 3 |  | capital falling |
| 2017-09 | 3 |  |  |
| 2017-12 | 4 | capital falling |  |
| 2018-03 | 4 | reserve under noncurrent | NIM <2.5% |
| 2018-06 | 4 |  |  |
| 2018-09 | 3 |  | reserve under noncurrent |
| 2018-12 | 3 |  |  |
| 2019-03 | 1 | deposits shrinking | expense ratio p90, losing money, capital falling |
| 2019-06 | 3 | losing money, expense ratio p90, NIM <2.5% | deposits shrinking |
| 2019-09 | 4 | capital falling, reserve under noncurrent | NIM <2.5% |
| 2019-12 | 4 | loans exceed deposits, NIM <2.5% | losing money, capital falling |
| 2020-03 | 2 |  | expense ratio p90, NIM <2.5% |
| 2020-06 | 3 | expense ratio p90, uninsured deposits leaving | loans exceed deposits |
| 2020-09 | 5 | loans exceed deposits, capital falling |  |
| 2020-12 | 2 |  | expense ratio p90, loans exceed deposits, capital falling |
| 2021-03 | 3 | expense ratio p90 |  |
| 2021-06 | 2 |  | uninsured deposits leaving |
| 2021-09 | 1 |  | expense ratio p90 |
| 2021-12 | 0 |  | reserve under noncurrent |
| 2022-03 | 0 |  |  |
| 2022-06 | 1 | loans exceed deposits |  |
| 2022-09 | 2 | capital falling |  |
| 2022-12 | 3 | uninsured deposits leaving |  |
| 2023-03 | 5 | losing money, expense ratio p90 |  |
| 2023-06 | 4 | liquid assets <10%, assets shrinking | capital falling, uninsured deposits leaving, losing money |
| 2023-09 | 3 |  | liquid assets <10% |
| 2023-12 | 1 |  | loans exceed deposits, expense ratio p90 |
| 2024-03 | 2 | losing money, expense ratio p90 | assets shrinking |
| 2024-06 | 3 | capital falling |  |
| 2024-09 | 3 | liquid assets <10% | capital falling |

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

- 2025-01-17 [Failed Bank Information for Pulaski Savings Bank, Chicago, IL - Federal Deposit Insurance Corporation (FDIC) (.gov)](https://news.google.com/rss/articles/CBMifEFVX3lxTE5lSVZuR1F6Sloya2VRYVRhVDJSTkx4ZS1BV2ZzT1M5OHEtVkdGMUlrNUxqX1ByNlZqUGRxUktxc1NXbFZRZWxXNUJDLVVuMUxHaFZXeEQ5ZzRrOGRTcjYwOWRlV0huRllBV1hBTDNVc3RmMk1idWhDU1pDUFI?oc=5) · Federal Deposit Insurance Corporation (FDIC) (.gov)
- 2026-02-02 [Chicago bank first to fail in 2026 - Banking Dive](https://news.google.com/rss/articles/CBMisgFBVV95cUxNS1MyR0VXLWdNQ0ZzRmR2VGZ1c2RaZjJnc2ZZUkljR05OcWFWNTRGRk9OYXRMRFZTWTZ5ZVk0VC1oeGkwdDEwdEFyS1h6M3FLLWI5NTBqc0V2OE9yalA1RXZjb0o5YTYxcnlVdUNyNVJEaHZGemplV3kyaXB1TW0tWUI4QnMxc2w1UXNPZzdGOEh3Y1NoSmpGRXNIaWpIRmFtSzZISTZTd3BDemlyTENMSFVR?oc=5) · Banking Dive
- 2026-02-09 [15 most recent bank failures - American Banker](https://news.google.com/rss/articles/CBMickFVX3lxTE9OU0FZMFVvZ2QtYXVOTWpCa3djUGxETDEzbzlFTWhobUpfVnZMdWlDWmswQzNrOEIzc0ZDWVM3cnFTV1ZXTlRMamp2V25jM0ppMTBYM3BEZFM3OFI4bnIyaFlBSlQtT2NNa0RxMURCZ3JaQQ?oc=5) · American Banker
- 2026-01-30 [Chicago bank becomes first failure of 2026 - American Banker](https://news.google.com/rss/articles/CBMihAFBVV95cUxOZ1h4UUI2VkdobDBoN2xvOXVMVkJrWFk2TXRfMGR5X19fNjZxaDhTYmpQeHpQeXdHczVXa3dGal9uN1RnQjhkU19QQzNpNTdnN1h4MnU1NHJxSDhsa1dFd2lzTjhpcEFpNGthZ2xtYV9ieE9vRmFsOEFFYWZrSUdYUlNXR3Q?oc=5) · American Banker
- 2025-01-17 [Chicago’s Pulaski Savings collapses in first bank failure of 2025 - The Real Deal](https://news.google.com/rss/articles/CBMirAFBVV95cUxOa0ZGQ1BQU19xQkVRUnpZSlJPbGRWVlBYUzVQQTRGMUpqV1ZabFlFR01XS3hsX3VPWmYxRFhMYk9EdzBQa2ZMTk9FSk4yVk9Yc29tVEtHZEJEVWV6UlhJU1F0RW1zY3ZvUGpDZTNSTThOZ2dEUXhWaVRHM1NwenU0VjhURFhhTldnS0FPdWl4OFA5Z0NGZHRJNWdXR3VteTZPdlVpTmk3Vm9MN25X?oc=5) · The Real Deal
- 2025-01-21 [First Bank Failure of 2025 - KBRA](https://news.google.com/rss/articles/CBMihgFBVV95cUxPSzEyT1dDUnFwN2pZdEJDRl8yaVpzUUViSFVnaVZtbTFUNUcxMkdfMmNlUWtZZWNaMnZrbl9EeUR6UEE4LWVfQ0RZQkRpRnk3REVTSV95eHQwU2pCRGZoRGw0aUNUS1Fxd1VpWkxHTGtLcldUZDRUamlKMHE0VUVJZFN0aTNtdw?oc=5) · KBRA
- 2025-06-05 [Pulaski Bank’s failure spurred by ‘impaired capital’: FDIC OIG - Banking Dive](https://news.google.com/rss/articles/CBMiwwFBVV95cUxOWGd3bnRMWVNwTm5fMEFCbTE4QXlDM1VWSTdIR3psM0dJUkI2NmVaZUZZTEpNT1F4bmFHNjNaSFJDYy1ydjBkamdqYXRZaXRsMnNRMHF1TDc5bjExcG5CVHE4MFJxMS1hT29LWE1CVkRlXzJIRE1FYlhxQ1g0ejBKVUt0OEE2MHYyX21JQnVrZWozb0tOSDhTQXlmblhQRzVVVUZpd2tTaUN4Sk1TcGhaUWlIU2ZJUm4xSUNDZHNzUFhYQzQ?oc=5) · Banking Dive
- 2025-01-17 [Regulators Shut Down Savings Bank in Illinois Amid Safety Concerns - q985online.com](https://news.google.com/rss/articles/CBMic0FVX3lxTFBRSDQ0dk1iWW5aM19GQms4elJDcGswOTNES1plMng1c2otVWJBR3J3SW42N2JmWVRzREdjVTJiSWR3S3RkUjIzbHFLZXAyeTlDcmxENVNNRmlUS3NMRXpNdVdFQ09HWDM5LWI4QVVXTjBvUnM?oc=5) · q985online.com

## How to verify

- Page: https://getbookiq.com/bank-desk/#bank=28611 (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/3.json (key "28611", 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