# MUTUAL BANK
WHITMAN, MA · FDIC certificate 29755 · asset band $300M-1B · latest filing 2019-03 · stopped filing (departed)

**Verdict on the desk:** this could be *ordinary*. 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 | $531.3M | |
| Deposits | $443.3M | |
| Loans and leases | $410.2M | |
| Total equity | $47.5M | |
| Loans / deposits | 91.80% (p68 of band) | 84.98% |
| Liquid assets / assets | 17.09% (p30 of band) | |
| Uninsured deposits / deposits | 13.71% (p18 of band) | 21.58% |
| Brokered deposits | 0.00% | |
| Wholesale funding | 6.26% (p59 of band) | |
| FHLB advances / assets | 6.26% | |
| Tier 1 leverage | 9.60% (p29 of band) | 10.59% |
| Unrealized securities loss / equity | 0.90% (p89 of band) | -0.32% |
| AOCI / equity | -0.49% (p0 of band) | |
| ROA (annualized) | 0.89% (p34 of band) | 1.08% |
| Net interest margin | 3.34% (p25 of band) | 3.73% |
| Efficiency ratio | 72.14% (p68 of band) | |
| Noncurrent loans | 0.79% (p66 of band) | 0.51% |
| Net charge-offs (annualized) | 0.24% (p93 of band) | |
| Reserve coverage of noncurrent | 100.28% | |
| Real estate % of loans | 83% | |
| Construction % of loans | 46.07% (p56 of band) | |
| Auto loans | $329,000 (0.08% of loans; DQ 0.00%, NCO -0.01%) | |
| Loans to nondepository financials | $0 (0% of equity) (p44 of band) | |
| Deposits YoY | 3.9% | |
| Employees | 90 | |

## Flags firing in the latest filing

- **charge-offs p90** (`aq_nco`)

## 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 | 3 | expense ratio p90 |  |
| 2012-06 | 3 | capital falling | expense ratio p90 |
| 2012-09 | 2 |  | capital falling |
| 2012-12 | 2 |  |  |
| 2013-03 | 5 | capital falling, expense ratio p90, NIM <2.5% |  |
| 2013-06 | 5 | loans exceed deposits | reserve under noncurrent |
| 2013-09 | 3 |  | capital falling, loans exceed deposits |
| 2013-12 | 3 |  |  |
| 2014-03 | 2 |  | NIM <2.5% |
| 2014-06 | 2 |  |  |
| 2014-09 | 2 |  |  |
| 2014-12 | 2 |  |  |
| 2015-03 | 2 | loans exceed deposits | expense ratio p90 |
| 2015-06 | 1 |  | loans exceed deposits |
| 2015-09 | 1 |  |  |
| 2015-12 | 2 | expense ratio p90 |  |
| 2016-03 | 2 |  |  |
| 2016-06 | 1 |  | expense ratio p90 |
| 2016-09 | 0 |  | wholesale funding >15% |
| 2016-12 | 1 | capital falling |  |
| 2017-03 | 0 |  | capital falling |
| 2017-06 | 1 | expense ratio p90 |  |
| 2017-09 | 0 |  | expense ratio p90 |
| 2017-12 | 1 | expense ratio p90 |  |
| 2018-03 | 0 |  | expense ratio p90 |
| 2018-06 | 1 | uninsured deposits leaving |  |
| 2018-09 | 0 |  | uninsured deposits leaving |
| 2018-12 | 0 |  |  |
| 2019-03 | 1 | charge-offs p90 |  |

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

- 2026-08-13 [Two Mass. banks to merge, form lender with $1.5B in assets - The Business Journals](https://news.google.com/rss/articles/CBMiowFBVV95cUxOaGZrWHZRcHU5d1ZLbElNVUFLQkUyOF8zeHoxbnU4b1BUNkFaQ05jb1NKbzB0VElndTBFeHRTN2JWbXEzMW1BcTRnZEU3MjdHSU5raE0zZmJ3eVB3UjBnVVRrS2UxMGRxYXkzMkhRTTEyRmFrYlZoWmJHZEpHSE1NV0VTVUttQTljaDBEN0tzcFF4QmdQdFNMWWhRb25PTmwwcmV3?oc=5) · The Business Journals
- 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 [PeoplesBank plants its flag across a growing stretch of CT - hartfordbusiness.com](https://news.google.com/rss/articles/CBMinAFBVV95cUxOU3ZUSGxBLTFtVTdKdHkwZzRGOU1sM3RWSGlDb2w5TnphbFpyRHpKLTAwaFkxam42UGc2QzIteVhOXzZkcUpDMVQyeWl3WVhKYzZweFRGNS1YeEkySDhoc0hUVjhYZl9PLVEtc0p0a2FWdWFVU0pVTWVCcjIteThBOFNLdWY4OUFUeDhIQjltd1AyQ1ZFb0tYVWptdWM?oc=5) · hartfordbusiness.com
- 2026-07-06 [bankESB parent buying NH bank, plans to convert from mutual to stock ownership - masslive.com](https://news.google.com/rss/articles/CBMixgFBVV95cUxOamtudldDbzExOUNTVkNBRzd6VlBUaHg5c0ZtU2l3elNsMEJhbU9xVlhkTmdfV29NTG9yc2hTZHRyOUFESWdpZUJteTVxNHh6VjBIWGthTVpsRU1iTTNMN09oSTczS0RLVVJPT2hPVTFwQzhaaU1LSjNnekpqSDVkdVpwdV9iS2Y5RWRiWUNpbVFEYnNaUDRLdVBZOGtUbmFyaXB6Y09GZzluS3d3a1VLbW44UTVkRW93VDFycEVzRzdBdE9KelE?oc=5) · masslive.com
- 2025-11-19 [A Massachusetts mutual bank moves into private banking - American Banker](https://news.google.com/rss/articles/CBMilAFBVV95cUxNVDQxQ3BGQmIySG5yOTlGSjdCc2tQMFZFQmNfTG13ekx6Slc2SXljUDVPMTdBeHNFUWF4amxESGlucVRuWFNvc3RrSF9UQ3BkOU1XeG1wRGtVX29HLVV0RDY1dllJNUdfOFZqLUdYc3o1OUp6MWhObTZHQmtGam1zSWNvSjhEbmJxcUJCRmpmTG5NXzhr?oc=5) · American Banker
- 2022-10-06 [FDIC approves first new US mutual bank in 50 years - Banking Dive](https://news.google.com/rss/articles/CBMiswFBVV95cUxOVE1YNXNST3N6LWUzVEtJNFJDZ3hxNktZcTFMeWE2TWRncTMySjlUM1hqV3dwWTJqQnlnYU9LWTVTT3VXRWQ0QzQzVmNhWWxpVFl5YlJnZVFtZkprb2dqQ1Rmay0xZk5lMExOUEpfcnZHT1FBV0Y0dm9qZXpuVHpJUWo5dUFuWFBGVkV3TWhXVlZRcVJzZGpKcEFab3Npa0RFT01HZVVObTJIa0NqLWhHSjJaWQ?oc=5) · Banking Dive
- 2018-11-06 [North Easton Savings Bank and Mutual Bank Announce Merger Agreement - PR Newswire](https://news.google.com/rss/articles/CBMiwAFBVV95cUxOQ3h1ZkJMQUhLMzZqZlEyMlhSVEtfNTUxdnlWOTNtUEFTdmU5UEV0bTZLZlBtRnZ2Nm00NnU0aVI1NlNfdFc2QVNGdWxFbEpoc3BGVGQ1OWZkVW5RekNQQUFfeFVJTnVTZ09nTGI3eERyZ1pnQmRDb1RqQ1ItSjJxNHFGOWRkYkJzUzdZUGZCSnZ6X00wZFFNYzl2UGNXRVRYazRfRU9iMlZnbW9lVWpzZWhHenF5V0VqZ2VvQzZTWGw?oc=5) · PR Newswire
- 2026-05-13 [bankESB, once Easthampton Savings Bank, rebranding statewide to TruNorth Bank - masslive.com](https://news.google.com/rss/articles/CBMiwwFBVV95cUxOTGU2eGZfX2dzd3pCQ3luTWpyTzRoQTJrWm9IU2NHOFVTRTI4STR3c3NvN2t5M2M4cm16eW9OZE5OU241d09DSVBnOHBNdkZKa0pZbmRuSVNDRGs5OU5NVTlJR3U3Y3hhblNQa3NSakppa1NaZkcwdUNtZnlseUQxYkJmWWg5QjNHS1VwcVN3c1BHV29ENzFER2NPT3VzTVVnU0xxT21GS3d0emU1bW9weTNQM1pnUS1zUVpPeV9UWkxtQTQ?oc=5) · masslive.com

## How to verify

- Page: https://getbookiq.com/bank-desk/#bank=29755 (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/59.json (key "29755", 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