# KENNEBEC FS&LA OF WATERVILLE
WATERVILLE, ME · FDIC certificate 29661 · asset band <$300M · latest filing 2020-12 · stopped filing (departed)

**Verdict on the desk:** this could be *funding-stretched*. Composite score 2 (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 | $86.6M | |
| Deposits | $69.4M | |
| Loans and leases | $75.0M | |
| Total equity | $9.1M | |
| Loans / deposits | 107.45% (p97 of band) | 68.14% |
| Liquid assets / assets | 10.36% (p2 of band) | |
| Uninsured deposits / deposits | 2.78% (p2 of band) | 17.85% |
| Brokered deposits | 0.58% | |
| Wholesale funding | 9.76% (p86 of band) | |
| FHLB advances / assets | 9.18% | |
| Tier 1 leverage | 9.97% (p40 of band) | 10.68% |
| Unrealized securities loss / equity | 0.87% (p32 of band) | 2.41% |
| AOCI / equity | 0.53% (p37 of band) | |
| ROA (annualized) | 0.53% (p25 of band) | 0.92% |
| Net interest margin | 3.44% (p46 of band) | 3.52% |
| Efficiency ratio | 83.93% (p80 of band) | |
| Noncurrent loans | 0.54% (p55 of band) | 0.43% |
| Net charge-offs (annualized) | 0.06% (p74 of band) | |
| Reserve coverage of noncurrent | 128.01% | |
| Real estate % of loans | 100% | |
| Construction % of loans | 6.06% (p35 of band) | |
| Auto loans | $0 (0.00% of loans; DQ –, NCO 0.00%) | |
| Loans to nondepository financials | $0 (0% of equity) (p48 of band) | |
| Deposits YoY | -0.6% | |
| Employees | 22 | |

## Flags firing in the latest filing

- **loans exceed deposits** (`liq_ltd`)
- **assets shrinking** (`shrink_assets`)

## Warning timeline

| Quarter | Score | Flags that first fired | Flags that cleared |
|---|---|---|---|
| 2011-03 | 3 | loans exceed deposits, wholesale funding >15%, securities losses >30% of equity |  |
| 2011-06 | 3 |  |  |
| 2011-09 | 4 | liquid assets <10% |  |
| 2011-12 | 5 | reserve under noncurrent |  |
| 2012-03 | 4 | uninsured deposits leaving | securities losses >30% of equity, liquid assets <10% |
| 2012-06 | 4 | liquid assets <10% | uninsured deposits leaving |
| 2012-09 | 5 | uninsured deposits leaving |  |
| 2012-12 | 5 | capital falling | uninsured deposits leaving |
| 2013-03 | 4 |  | capital falling |
| 2013-06 | 4 |  |  |
| 2013-09 | 4 |  |  |
| 2013-12 | 5 | capital falling |  |
| 2014-03 | 4 |  | capital falling |
| 2014-06 | 4 |  |  |
| 2014-09 | 5 | capital falling |  |
| 2014-12 | 6 | uninsured deposits leaving |  |
| 2015-03 | 4 | charge-offs p90 | reserve under noncurrent, capital falling, uninsured deposits leaving |
| 2015-06 | 3 |  | charge-offs p90 |
| 2015-09 | 4 | uninsured deposits leaving |  |
| 2015-12 | 3 |  | uninsured deposits leaving |
| 2016-03 | 4 | capital falling |  |
| 2016-06 | 4 |  |  |
| 2016-09 | 3 |  | capital falling |
| 2016-12 | 3 |  |  |
| 2017-03 | 5 | expense ratio p90, uninsured deposits leaving |  |
| 2017-06 | 3 |  | expense ratio p90, uninsured deposits leaving |
| 2017-09 | 4 | uninsured deposits leaving |  |
| 2017-12 | 4 |  |  |
| 2018-03 | 4 | expense ratio p90 | uninsured deposits leaving |
| 2018-06 | 5 | capital falling |  |
| 2018-09 | 5 |  |  |
| 2018-12 | 4 |  | capital falling |
| 2019-03 | 5 | uninsured deposits leaving |  |
| 2019-06 | 3 |  | expense ratio p90, uninsured deposits leaving |
| 2019-09 | 3 |  |  |
| 2019-12 | 5 | reserve under noncurrent, uninsured deposits leaving |  |
| 2020-03 | 4 | charge-offs p90 | reserve under noncurrent, uninsured deposits leaving |
| 2020-06 | 1 |  | wholesale funding >15%, liquid assets <10%, charge-offs p90 |
| 2020-09 | 3 | liquid assets <10%, assets shrinking |  |
| 2020-12 | 2 |  | liquid assets <10% |

## 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=29661 (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/29.json (key "29661", 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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