# MUTUAL SAVINGS BANK
HARTSVILLE, SC · FDIC certificate 29999 · asset band <$300M · latest filing 2023-12 · stopped filing (departed)

**Verdict on the desk:** this could be *credit-stressed*. Composite score 4 (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 | $50.4M | |
| Deposits | $32.6M | |
| Loans and leases | $37.3M | |
| Total equity | $11.0M | |
| Loans / deposits | 113.52% (p97 of band) | 70.54% |
| Liquid assets / assets | 22.35% (p23 of band) | |
| Uninsured deposits / deposits | 11.30% (p20 of band) | 19.32% |
| Brokered deposits | 0.00% | |
| Wholesale funding | 13.38% (p86 of band) | |
| FHLB advances / assets | 13.38% | |
| Tier 1 leverage | 23.68% (p93 of band) | 11.31% |
| Unrealized securities loss / equity | -9.71% (p63 of band) | -16.04% |
| AOCI / equity | 1.26% (p31 of band) | |
| ROA (annualized) | -0.82% (p3 of band) | 0.93% |
| Net interest margin | 2.86% (p21 of band) | 3.54% |
| Efficiency ratio | 128.45% (p98 of band) | |
| Noncurrent loans | 0.34% (p59 of band) | 0.20% |
| Net charge-offs (annualized) | 0.00% (p51 of band) | |
| Reserve coverage of noncurrent | 242.86% | |
| Real estate % of loans | 91% | |
| Construction % of loans | 11.81% (p39 of band) | |
| Auto loans | $1.3M (3.46% of loans; DQ 0.39%, NCO 0.00%) | |
| Loans to nondepository financials | $0 (0% of equity) (p48 of band) | |
| Deposits YoY | -6.8% | |
| Employees | 11 | |

## Flags firing in the latest filing

- **loans exceed deposits** (`liq_ltd`)
- **losing money** (`earn_negative`)
- **expense ratio p90** (`earn_efficiency`)
- **deposits shrinking** (`shrink_deposits`)

## Warning timeline

| Quarter | Score | Flags that first fired | Flags that cleared |
|---|---|---|---|
| 2011-03 | 0 |  |  |
| 2011-06 | 3 | losing money, expense ratio p90, reserve under noncurrent |  |
| 2011-09 | 2 |  | reserve under noncurrent |
| 2011-12 | 1 |  | losing money |
| 2012-03 | 2 | charge-offs p90 |  |
| 2012-06 | 3 | capital falling, deposits shrinking, uninsured deposits leaving | expense ratio p90, charge-offs p90 |
| 2012-09 | 0 |  | capital falling, deposits shrinking, uninsured deposits leaving |
| 2012-12 | 1 | deposits shrinking |  |
| 2013-03 | 5 | losing money, expense ratio p90, charge-offs p90, uninsured deposits leaving |  |
| 2013-06 | 4 | reserve under noncurrent, assets shrinking | expense ratio p90, charge-offs p90, uninsured deposits leaving |
| 2013-09 | 5 | expense ratio p90 |  |
| 2013-12 | 4 |  | reserve under noncurrent |
| 2014-03 | 3 | uninsured deposits leaving | losing money, expense ratio p90 |
| 2014-06 | 3 | losing money, expense ratio p90 | assets shrinking, uninsured deposits leaving |
| 2014-09 | 5 | reserve under noncurrent, assets shrinking |  |
| 2014-12 | 5 | noncurrent p90, charge-offs p90 | deposits shrinking, assets shrinking |
| 2015-03 | 5 |  |  |
| 2015-06 | 7 | deposits shrinking, uninsured deposits leaving |  |
| 2015-09 | 5 |  | charge-offs p90, deposits shrinking |
| 2015-12 | 2 |  | reserve under noncurrent, noncurrent p90, uninsured deposits leaving |
| 2016-03 | 3 | charge-offs p90 |  |
| 2016-06 | 4 | capital falling, uninsured deposits leaving | charge-offs p90 |
| 2016-09 | 3 |  | uninsured deposits leaving |
| 2016-12 | 3 | uninsured deposits leaving | capital falling |
| 2017-03 | 2 |  | uninsured deposits leaving |
| 2017-06 | 2 |  |  |
| 2017-09 | 2 |  |  |
| 2017-12 | 2 |  |  |
| 2018-03 | 1 | uninsured deposits leaving | losing money, expense ratio p90 |
| 2018-06 | 1 |  |  |
| 2018-09 | 2 | loans exceed deposits, capital falling | uninsured deposits leaving |
| 2018-12 | 5 | brokered >10%, losing money, expense ratio p90 |  |
| 2019-03 | 4 |  | loans exceed deposits |
| 2019-06 | 4 | loans exceed deposits | losing money |
| 2019-09 | 5 | wholesale funding >15% |  |
| 2019-12 | 5 |  |  |
| 2020-03 | 4 | losing money | brokered >10%, wholesale funding >15% |
| 2020-06 | 2 |  | capital falling, loans exceed deposits |
| 2020-09 | 4 | loans exceed deposits, reserve under noncurrent |  |
| 2020-12 | 3 |  | reserve under noncurrent |
| 2021-03 | 3 | reserve under noncurrent | loans exceed deposits |
| 2021-06 | 4 | capital falling, charge-offs p90 | reserve under noncurrent |
| 2021-09 | 4 | reserve under noncurrent | charge-offs p90 |
| 2021-12 | 4 | noncurrent p90 | capital falling |
| 2022-03 | 9 | NIM <2.5%, charge-offs p90, deposits shrinking, assets shrinking, uninsured deposits leaving |  |
| 2022-06 | 7 |  | noncurrent p90, NIM <2.5% |
| 2022-09 | 7 |  |  |
| 2022-12 | 7 | capital falling | charge-offs p90 |
| 2023-03 | 4 |  | deposits shrinking, assets shrinking, uninsured deposits leaving |
| 2023-06 | 4 | loans exceed deposits | reserve under noncurrent |
| 2023-09 | 4 |  |  |
| 2023-12 | 4 | deposits shrinking | capital falling |

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

- 2023-07-24 [Oconee Federal, Mutual Savings Bank in South Carolina to merge - American Banker](https://news.google.com/rss/articles/CBMingFBVV95cUxNcWlfbDJCWE9XN1hCTmtZRnNyV1ctbXBBMkxma2toWW1CMWptcTBmUllFTFFkVkVSN3NpNWZubkp5M3RwYnU1QkF6MFBOZllEaUdqSUtuU1BKMDhlTmcxQ0JVUFNuak51bVZWTy00N2VudEdRN0Z4d2Vvc2NkUGlhV1E4dlVNOW1YOEZVV1dGQ3BTcTk0Q1ZfUHY5cXJwZw?oc=5) · American Banker
- 2023-07-20 [Oconee Federal to Merge With Mutual Savings Bank - Business Wire](https://news.google.com/rss/articles/CBMiqAFBVV95cUxNOVJrSzhzQ2I2dGdnUmdCYjBQWkhKdkpzb0VBUU1KYVRHODdoR1V0TlpsTTh6QkJiQ3RoeVpaTDV5N1hxOTg5aHFDTGZmMzlNZDE3MlZDNTVOZ25ackFZbHJibHNpNU9YRlg1WUlBYzNpTXNUOU1OZ1AzYXFoMEhyZXhYbmRRVWExSWFnSzl4dGYwRjRBM0NFNTJBb3psdFZLOWJuWjhOR0E?oc=5) · Business Wire
- 2023-10-04 [Ridgewood Savings Bank welcomes new board member with longtime trustees set to retire - qns.com](https://news.google.com/rss/articles/CBMiZ0FVX3lxTE16TGd3NjVyLU9Va1plZ0prbXU0ckZtcHBsOVNnVVdjT1ZLTHI1TmhQckg1M0F1bkQ2dlJ0MGQ3UVR4SXRhYnBzdHdJemNpOWw0N0FVcy13M2Q3U01YdnJqaWFXMnE2RVk?oc=5) · qns.com
- 2010-08-12 [One-branch wonders – knowing the market helps niche banks thrive - Maryland Daily Record](https://news.google.com/rss/articles/CBMiogFBVV95cUxQOGtzSEJjT3h1OTRzcUhTMDhtU3JGeEtVUlg1YzJGTzQ5WkwyUjM3aTlRbzQzMWpCRm9wVllIZXpSUno0MXJEX2lXTjlxZVFRSVhJRDJJZnJkOWhHemZBSmswREZRMWVPMnhPczk5SG9Oc0Ywa2FubVpJVG5ORWQxTDNrRkJlclF4MmRfSDNVakRSNWQydWVkeW11ako2SW1fUmc?oc=5) · Maryland Daily Record
- 2018-05-01 [SC Lowy makes bet on Italy’s banking system - Euromoney](https://news.google.com/rss/articles/CBMiqwFBVV95cUxPTXkwQ3V0ejRBNnJlTUtJQ1RoQjQxM2pLY1o5RWItQlMwUEFoa3BrZVE1U2lqQkR5NnZuMWtaWUlpTVQ4a21zZmpIXzJVOXBHbGJnRFNzTWhNRVhoclA2QkJUYTJfUHNJd3dKdTRudXNKb2hBX3JIMlFJelpEXzJfbjVZaU1WOG5aa0U2NEJWTHFCbTJVMnhXaGZPLXpZTmxPN0dUVnpqcWlzSUk?oc=5) · Euromoney
- 2026-06-02 [Bogota, GSL set merger to establish $1B bank - NJBIZ](https://news.google.com/rss/articles/CBMiV0FVX3lxTE5wdEtrN2ZMM2JFbDZBY1BfcE8tRF9uVllodUtaZFBhajJMNE1xc1BOZTVaaVV1RFRuZGJtNk15cjg5MDFwdFpTblAxRkJ4cHZFMi1NTTRTUQ?oc=5) · NJBIZ
- 2022-02-08 [Clarence Shahid - Post and Courier](https://news.google.com/rss/articles/CBMioAFBVV95cUxPZG8zaUEydVBGRkxHWFNweWg2N2F5QTFxWXJ2MkVDX1hKLWlqc2FoM2pLVEFpS0tOT0JEemp2cnBLajY4bHM3SGZGUUprTVdkZWFEMHQ3ZmFnbmhFcmdKdklhdTBMMFB5UDdURFFWSUI4aV90UVNtVGN5cC13OVJaQ3czMXV1Qkk3S25GUURldE96MGRqc2QwMmdscEZSczVn?oc=5) · Post and Courier
- 2009-06-18 [SC holding company approved - Korea JoongAng Daily](https://news.google.com/rss/articles/CBMihwFBVV95cUxOb0o5N1NBZU1vd1JFelJyVE9LM2xza2poOVBjMFRBZFpLS0swaVMyVEFJcy1vS0FvTVpzanFnUl8yaDdySVh6NGg4czRaNU1sMEEtUE92cnlRcWxXY2pkbHlRNkNuRDlOQTdZYWlKRjhILVpTemhqa2xSekhfWEl0WWdwTG9KeUk?oc=5) · Korea JoongAng Daily

## How to verify

- Page: https://getbookiq.com/bank-desk/#bank=29999 (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/47.json (key "29999", 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