# LINCOLN 1ST BANK
LINCOLN PARK, NJ · FDIC certificate 28963 · asset band <$300M · latest filing 2022-06 · stopped filing (departed)

**Verdict on the desk:** this could be *run candidate*. Composite score 11 (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 | $264.2M | |
| Deposits | $184.2M | |
| Loans and leases | $160.9M | |
| Total equity | $11.4M | |
| Loans / deposits | 86.20% (p86 of band) | 61.37% |
| Liquid assets / assets | 33.47% (p34 of band) | |
| Uninsured deposits / deposits | 18.05% (p40 of band) | 20.48% |
| Brokered deposits | 12.41% | |
| Wholesale funding | 36.47% (p99 of band) | |
| FHLB advances / assets | 24.03% | |
| Tier 1 leverage | 5.94% (p1 of band) | 10.54% |
| Unrealized securities loss / equity | -52.41% (p19 of band) | -19.24% |
| AOCI / equity | -33.60% (p26 of band) | |
| ROA (annualized) | -2.06% (p1 of band) | 0.80% |
| Net interest margin | 1.90% (p6 of band) | 3.08% |
| Efficiency ratio | 220.37% (p99 of band) | |
| Noncurrent loans | 0.09% (p38 of band) | 0.23% |
| Net charge-offs (annualized) | -0.09% (p4 of band) | |
| Reserve coverage of noncurrent | 1403.29% | |
| Real estate % of loans | 97% | |
| Construction % of loans | 16.99% (p48 of band) | |
| Auto loans | $30,000 (0.02% of loans; DQ 0.00%, NCO 0.00%) | |
| Loans to nondepository financials | $0 (0% of equity) (p48 of band) | |
| Deposits YoY | -6.4% | |
| Employees | 25 | |

## Flags firing in the latest filing

- **brokered >10%** (`liq_brokered`)
- **wholesale funding >15%** (`liq_wholesale`)
- **leverage <7%** (`cap_low`)
- **capital falling** (`cap_falling`)
- **AOCI drag >20% of equity** (`cap_aoci`)
- **securities losses >30% of equity** (`cap_secloss`)
- **losing money** (`earn_negative`)
- **expense ratio p90** (`earn_efficiency`)
- **NIM <2.5%** (`earn_nim`)
- **deposits shrinking** (`shrink_deposits`)
- **assets shrinking** (`shrink_assets`)

## Warning timeline

| Quarter | Score | Flags that first fired | Flags that cleared |
|---|---|---|---|
| 2011-03 | 2 | wholesale funding >15%, reserve under noncurrent |  |
| 2011-06 | 2 |  |  |
| 2011-09 | 2 |  |  |
| 2011-12 | 2 |  |  |
| 2012-03 | 2 |  |  |
| 2012-06 | 2 |  |  |
| 2012-09 | 3 | noncurrent p90 |  |
| 2012-12 | 4 | deposits shrinking |  |
| 2013-03 | 5 | NIM <2.5% |  |
| 2013-06 | 6 | capital falling |  |
| 2013-09 | 5 |  | deposits shrinking |
| 2013-12 | 6 | securities losses >30% of equity |  |
| 2014-03 | 4 |  | NIM <2.5%, capital falling |
| 2014-06 | 3 |  | securities losses >30% of equity |
| 2014-09 | 2 |  | noncurrent p90 |
| 2014-12 | 3 | noncurrent p90 |  |
| 2015-03 | 5 | capital falling, NIM <2.5% |  |
| 2015-06 | 5 |  |  |
| 2015-09 | 7 | leverage <7%, uninsured deposits leaving |  |
| 2015-12 | 6 |  | uninsured deposits leaving |
| 2016-03 | 7 | uninsured deposits leaving |  |
| 2016-06 | 5 | brokered >10% | capital falling, leverage <7%, uninsured deposits leaving |
| 2016-09 | 6 | leverage <7% |  |
| 2016-12 | 8 | capital falling, securities losses >30% of equity |  |
| 2017-03 | 8 |  |  |
| 2017-06 | 7 |  | securities losses >30% of equity |
| 2017-09 | 5 |  | noncurrent p90, capital falling |
| 2017-12 | 7 | losing money, expense ratio p90 |  |
| 2018-03 | 5 |  | losing money, expense ratio p90 |
| 2018-06 | 7 | deposits shrinking, assets shrinking |  |
| 2018-09 | 8 | securities losses >30% of equity, uninsured deposits leaving | reserve under noncurrent |
| 2018-12 | 8 | expense ratio p90 | securities losses >30% of equity |
| 2019-03 | 9 | losing money |  |
| 2019-06 | 8 |  | uninsured deposits leaving |
| 2019-09 | 8 |  |  |
| 2019-12 | 7 |  | brokered >10% |
| 2020-03 | 12 | brokered >10%, capital falling, noncurrent p90, charge-offs p90, reserve under noncurrent |  |
| 2020-06 | 10 |  | capital falling, noncurrent p90 |
| 2020-09 | 9 | noncurrent p90, uninsured deposits leaving | deposits shrinking, assets shrinking, charge-offs p90 |
| 2020-12 | 9 | charge-offs p90 | uninsured deposits leaving |
| 2021-03 | 8 | uninsured deposits leaving | losing money, charge-offs p90 |
| 2021-06 | 7 | losing money | noncurrent p90, uninsured deposits leaving |
| 2021-09 | 8 | deposits shrinking, assets shrinking | reserve under noncurrent |
| 2021-12 | 9 | uninsured deposits leaving |  |
| 2022-03 | 8 |  | uninsured deposits leaving |
| 2022-06 | 11 | capital falling, AOCI drag >20% of equity, securities losses >30% of equity |  |

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

- 2021-11-24 [Ion Bank to acquire New Jersey lender - hartfordbusiness.com](https://news.google.com/rss/articles/CBMigAFBVV95cUxQVFctdWpYcnJLd00xd2xrcnp5ZldnLTM3MnN1VUlMYmVYTzNMWDUtZkptS25tYkN6MFA5b0ZXbVNEZ1dOQlZhdS05V1h3NVFTVXE1b0Y2OVZ5bXVUQWRRM0pPclVBSnowYjNCZ1BFWW5TdDNJV0tjcWRkWXdXVUt1eQ?oc=5) · hartfordbusiness.com
- 2024-07-23 [Connecticut-based Ion Bank asks regulators to approve NJ bank acquisition - ctinsider.com](https://news.google.com/rss/articles/CBMiqAFBVV95cUxNNlF5MnRzVnJ6UnJwdm5UOEdzMVpfU2tFN2VMdUh6R3dUUE94dnV3RnZjTGRYd0s2NzJod1RDekhPVlFBd0w3S2JBa25fQUg1bzBhQWtnVS1TX08xVy0zMXdYakJXMlI0S2VQaU1lS3htV2d1MW4zYXJ4ai1wZjdpWkNnc0JhT1RXSkxDNk5pazhEaWpnZmk4UGw0dmNUOHoyY3RNanFIcjY?oc=5) · ctinsider.com
- 2024-12-26 [Naugatuck-based Ion Bank’s merger with a New Jersey bank receives state approval - hartfordbusiness.com](https://news.google.com/rss/articles/CBMiuAFBVV95cUxQQVdYTmo1NFRlREJ0UHNQdzJ1cmFlZENnZEJhMzJScEV2cnF4VE1sREwtZ29wY1p4NWRmaXNvN3lid293dnBwUmNuNjl3U1pWSlc1ZEtBaFpLSE1HZVVtNUtDYV81M3dKNVlYd1N5eGU4VUswdkxDQWp0eC1GZ0JoZ04wU0NxT0hPLWNYTGpOdEExcFNaUWNSNFREVzM5UmpmMTBpLXpnS25wcXFtdmExZGFGMzFBcE5l?oc=5) · hartfordbusiness.com
- 2019-04-09 [Madison presents Girl Scouts with proclamation - morrisfocus.com](https://news.google.com/rss/articles/CBMiigFBVV95cUxQb25rWVZzbGFGV0xjRi02VDlqM2V3RlgybXRRMEdTSzRWSk1BaGY1UjI0TVotTjdhRWp3NXB2TXZQaWIyM2NFOFRVNnJNV2IwRmFGVEkzZ2NrYVpxZTJXNEZGMDJ0NVBVMnVQMVUtSG5nVFdpbjY3bVl5bTBOUkM1dERjOHVxbzdYTUE?oc=5) · morrisfocus.com
- 2021-12-28 [Ion Bank to close a Naugatuck branch - hartfordbusiness.com](https://news.google.com/rss/articles/CBMif0FVX3lxTFBtSDg2bnQ1cmpPOEdGNDJjSUxaTmFuSWc4a3RNNFNZQnVMdVRjTHlCUUdlMG0wTUtiM1BsSUN1d21QU1hobHdZWWhSbnJqVGUteVIyS3Z2V25nZG9RcGx6TlZpSkF6MU1BNU0zTWVoc29tRi1zajlvaEctWHpOUVk?oc=5) · hartfordbusiness.com
- 2026-03-02 [How acquisitions and mergers have reshaped Connecticut's banking industry - ctinsider.com](https://news.google.com/rss/articles/CBMipAFBVV95cUxPeFBXUWYyMUt2c1NfZ1VySmp2THNhLVc3MWdldkpOZm1paEZTbWkyYWZ2VEJHZnJoQTU3ZG1EMDNfdGdCT19jUVk1bWozeU5Keno2TWVBYUpMcklsMVl2MFB1U0tiWnFKZG5TVklsNlV6S25fRzBBRmNFTjhoV01mVkhxR2pBb2x3bUs2a3hqR0VDVnQ4T0VvY014V25pTWFJMmJ0OA?oc=5) · ctinsider.com
- 2018-08-01 [NJ Today: Central Jersey Daily Rundown, Wednesday, Aug. 1 - Central New Jersey News](https://news.google.com/rss/articles/CBMisgFBVV95cUxPbVoxZzVoNWhYZGVXdGpmVHp0OW9JajZRSkVxRDJHZXM2b01VZF9yVGY0NDBGSW53QXZaQUZuNXlEUmNYUW9FQy1OQnJCSDhZYkJHV0dKVlhVT1ZoOVE3TmlvRkdjUldUT2VXaXZGTUNjTFBjLU8wOWRJSklwbWE0VUNEd1FTUmFzZy1DQ3c4RldKTFdxOG0wVVd5by1YeFQzYUNPeDlVMzBaMUMtam4xLWlB?oc=5) · Central New Jersey News

## How to verify

- Page: https://getbookiq.com/bank-desk/#bank=28963 (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/35.json (key "28963", 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