# MILFORD FEDERAL BANK
MILFORD, MA · FDIC certificate 29835 · asset band $300M-1B · latest filing 2026-06 · live

**Verdict on the desk:** this could be *funding-stretched*. 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 | $545.1M | |
| Deposits | $451.5M | |
| Loans and leases | $466.1M | |
| Total equity | $59.5M | |
| Loans / deposits | 102.75% (p92 of band) | 82.04% |
| Liquid assets / assets | 9.77% (p4 of band) | |
| Uninsured deposits / deposits | 7.88% (p2 of band) | 25.97% |
| Brokered deposits | 0.00% | |
| Wholesale funding | 5.94% (p63 of band) | |
| FHLB advances / assets | 5.94% | |
| Tier 1 leverage | 11.94% (p68 of band) | 10.81% |
| Unrealized securities loss / equity | -2.40% (p76 of band) | -8.10% |
| AOCI / equity | -0.39% (p47 of band) | |
| ROA (annualized) | 0.33% (p7 of band) | 1.28% |
| Net interest margin | 2.63% (p4 of band) | 3.91% |
| Efficiency ratio | 84.79% (p92 of band) | |
| Noncurrent loans | 0.40% (p48 of band) | 0.43% |
| Net charge-offs (annualized) | 0.00% (p39 of band) | |
| Reserve coverage of noncurrent | 114.71% | |
| Real estate % of loans | 99% | |
| Construction % of loans | 14.80% (p19 of band) | |
| Auto loans | $99,000 (0.02% of loans; DQ 0.00%, NCO 0.00%) | |
| Loans to nondepository financials | $0 (0% of equity) (p45 of band) | |
| Deposits YoY | 12.0% | |
| Employees | 65 | |

## Flags firing in the latest filing

- **loans exceed deposits** (`liq_ltd`)
- **liquid assets <10%** (`liq_thin`)
- **expense ratio p90** (`earn_efficiency`)

## Warning timeline

| Quarter | Score | Flags that first fired | Flags that cleared |
|---|---|---|---|
| 2011-03 | 1 | reserve under noncurrent |  |
| 2011-06 | 2 | securities losses >30% of equity |  |
| 2011-09 | 4 | capital falling, expense ratio p90 |  |
| 2011-12 | 1 |  | securities losses >30% of equity, capital falling, expense ratio p90 |
| 2012-03 | 2 | uninsured deposits leaving |  |
| 2012-06 | 2 |  |  |
| 2012-09 | 2 |  |  |
| 2012-12 | 2 |  |  |
| 2013-03 | 1 |  | uninsured deposits leaving |
| 2013-06 | 1 |  |  |
| 2013-09 | 1 |  |  |
| 2013-12 | 1 |  |  |
| 2014-03 | 3 | losing money, expense ratio p90 |  |
| 2014-06 | 2 |  | losing money |
| 2014-09 | 4 | loans exceed deposits, liquid assets <10% |  |
| 2014-12 | 5 | capital falling |  |
| 2015-03 | 4 |  | expense ratio p90 |
| 2015-06 | 4 |  |  |
| 2015-09 | 3 |  | capital falling |
| 2015-12 | 3 |  |  |
| 2016-03 | 4 | expense ratio p90 |  |
| 2016-06 | 4 | capital falling | expense ratio p90 |
| 2016-09 | 4 |  |  |
| 2016-12 | 3 |  | capital falling |
| 2017-03 | 4 | expense ratio p90 |  |
| 2017-06 | 5 | capital falling |  |
| 2017-09 | 4 |  | capital falling |
| 2017-12 | 4 |  |  |
| 2018-03 | 4 |  |  |
| 2018-06 | 4 |  |  |
| 2018-09 | 4 |  |  |
| 2018-12 | 4 |  |  |
| 2019-03 | 5 | capital falling |  |
| 2019-06 | 5 |  |  |
| 2019-09 | 5 |  |  |
| 2019-12 | 5 |  |  |
| 2020-03 | 5 |  |  |
| 2020-06 | 3 |  | reserve under noncurrent, liquid assets <10% |
| 2020-09 | 1 |  | loans exceed deposits, capital falling |
| 2020-12 | 2 | liquid assets <10% |  |
| 2021-03 | 2 | capital falling | liquid assets <10% |
| 2021-06 | 2 |  |  |
| 2021-09 | 1 |  | capital falling |
| 2021-12 | 1 |  |  |
| 2022-03 | 1 |  |  |
| 2022-06 | 2 | liquid assets <10% |  |
| 2022-09 | 3 | loans exceed deposits |  |
| 2022-12 | 2 |  | expense ratio p90 |
| 2023-03 | 4 | capital falling, uninsured deposits leaving |  |
| 2023-06 | 4 | deposits shrinking | capital falling |
| 2023-09 | 3 |  | deposits shrinking |
| 2023-12 | 3 |  |  |
| 2024-03 | 4 | expense ratio p90, NIM <2.5% | uninsured deposits leaving |
| 2024-06 | 4 |  |  |
| 2024-09 | 5 | wholesale funding >15% |  |
| 2024-12 | 5 | capital falling | wholesale funding >15% |
| 2025-03 | 5 |  |  |
| 2025-06 | 4 |  | capital falling |
| 2025-09 | 3 |  | NIM <2.5% |
| 2025-12 | 4 | capital falling |  |
| 2026-03 | 2 |  | liquid assets <10%, capital falling |
| 2026-06 | 3 | liquid assets <10% |  |

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

- 2024-10-21 [Milford Federal Bank branch in Woonsocket robbed - WJAR](https://news.google.com/rss/articles/CBMi1gFBVV95cUxPY1pYQllBbVRuSUtuQm1aOU1XSzVCVnlvaUJHdWVaQUpPajEtdUVKS3VLUzNGeVNlbFZMd2w5SndvNHZPM19DU3NIZkJhWFlYem5xMXh6MUtGZ3hxaDZleGtnV0V1ZHllZFJBa3FxN2s1c0tmblAyc0ExUi1SejFMTldoWUNYbkpUZnlFZUxXNjVnOFBTd0F0S1FxcHhIcVZMYU9DNVg1X09FQkVYYlZzMVp1dUpiWlJzRldhbEM3QkFYLXhNdXhxQ2FybU1YQnNGS3hzenRR?oc=5) · WJAR
- 2023-04-05 [Milford Federal takes first step to opening new branch office on Medway Road - Milford Daily News](https://news.google.com/rss/articles/CBMiywFBVV95cUxNWkZ2TTVqSWVYN2RDcHVQOTJnSjBpYWEwY25aNTBtdHA4dWlLbnk1bTZsNFNCdDlEZ29wY2VhLXNpSUhDcUZJaFpnZmJlMWMxSWd6NGhnNWpEMktyT3FubU1QNHh1RUhDZUVJOTVpbExhTHFzUVdQVy1rNjdYYVozTHRaTW15VEgyNjduTE56T01IYWt0LXpjWXRHTHU2SUpROEpVbnNqbVh3eFdLOFJON2lxazVzNE5VSzhyRjB0T3RreFI5ME5LN3dVRQ?oc=5) · Milford Daily News
- 2022-07-07 [Milford Bank Development Stalls Over Traffic Concerns - Patch](https://news.google.com/rss/articles/CBMinAFBVV95cUxPYmljY3o3clR6Qmx6SlFLSGpzNld6TkxlVkxmSksxSEZUUzBOMmJ2QkFXV1dJZjdVb3FPeEJuby1LakFfV2M2eFNuc2tsS3RId1RmYmxYWHZnN3YzajdtcGJvYnZuSVZDSkhGbUEycTl5VDZ5dUFBWkZDanNkd3lETUxsUktqNWVHbEd4dG4tR2M1ajBmLTd0Y3phbGE?oc=5) · Patch
- 2018-08-08 [Milford Federal moving to former Bank of America building - The Valley Breeze](https://news.google.com/rss/articles/CBMiuwFBVV95cUxPRzhZaTY0WHk2cnh5VmptS0hzXzdDbnltMm5tRUNqRER3VjZZbmI0LUtGTzNvSXBhbmxQVU9abWozczlpNmgxcUZwSkZ6MHBxZ0pWSGlZbGVQdzdkVXlJWXFZTS1CYlBZamt2cnVneU44N21qN2tsWW1UdlF0ZFBDMlRyUzZEcVp2NlBRd3FCS2tZYURmY01yalRFX1VWQnN3cUNxT3JBMFBqOXJyejVlbndDN3hfZ1RkUFEw?oc=5) · The Valley Breeze
- 2019-08-25 [Peter Beecher named VP at Milford Federal Bank - Worcester Telegram](https://news.google.com/rss/articles/CBMivgFBVV95cUxOZ3BuNW1ZOW9jNFR1eDMyQUtwRFo0WjYzcHJWVE5rTmo0bWxYYVowby1QZTRKM0NQUmNwdGkxbjRzTkVfMy1RY0tfUlpNT0s2Z21lZ25oaUFlbjdZM0k3OTd4eFo4aW5TLV8xWVU2UWpwWVNQcDkyWDlsdkxNTzlPOVFtN1l0elh3SXJIM3pLM0g4MS1aZnY2dEtmYzhaSkpUamNiXzJ4bGVwT0V6b3dLdzV5MUhub1BYUE1Mdm1B?oc=5) · Worcester Telegram
- 2022-06-27 [Milford Federal Bank wants new branch office at former restaurant site - Milford Daily News](https://news.google.com/rss/articles/CBMizgFBVV95cUxQbFhpLTczMlFXZ2h3ckdDMjFMWXlsVW9SMV9KOHJxbU15QXlTb0k1RXVyLTMzYm9Ibkx6S2hwRDBGMUE4QkFLTEpFTWlWUnc1RUpYZGhTYWd0VHVCS1MwQ1BJTXplU2pzRTNZU2IxUXpVOUxXUUZqOFVLSEpZZ19ZcExveVdXR1Q2ai1XMkdtTmVhWFFVUEVjLXNDT0hCU3Z5OVBWNFEyNlp6a1pTdDhVaFg5SHV3c0k4dkJCQTVLR0NyYUlaTkkyZUplV2hLdw?oc=5) · Milford Daily News
- 2019-05-17 [Milford Police Surprised With Donated Lunch For Police Week - Patch](https://news.google.com/rss/articles/CBMimAFBVV95cUxOUjhaZnpfMlprRGt0T19pQWFKdjRYQUFuZ1FrTWhUQTBrVzEybXhkdjVTbFRLOVhzQmd2czVSSjBzNHVVdkFaQUNGQjIzV2JRbHhRejJUOXlGbnc5NmQ0UG5ZZ1RfZkoxbU5WRkx5a29NSkxxWU1GS1V3SjU0ZjQwNTl1ZmZsZTJRcXQ0UjgxYk4yeGlmUy15Qw?oc=5) · Patch
- 2022-05-27 [Milford volunteers keep the American flag visible ahead of Memorial Day - Milford Daily News](https://news.google.com/rss/articles/CBMixAFBVV95cUxPbndUYkZaU2RvNDVocEpsa2RRTk4tR2xlMC1sX1MxRGJLaW0xcVFOWExrSW9ZVTVpQ1p1bDhaaEpKaVVDby02Wnp5eXdkQ0FjeWUyWE41V0ZsTUJoMFFwZ0djOGNfbXJucjNhOXFjdzV6Mkx2ejg3dTJpSUJJRUJ6aVpxbE9iLWMzNC1OSWVWSC1CWW5GT1E1Y0pMMDkybk5oRzRsandRTTVtUzdDZ1RMZjV0VVk2NHllZHpjZXlWTUYzNU9x?oc=5) · Milford Daily News

## How to verify

- Page: https://getbookiq.com/bank-desk/#bank=29835 (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/11.json (key "29835", 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