# MILLINGTON BANK
MILLINGTON, NJ · FDIC certificate 30022 · asset band $300M-1B · latest filing 2020-06 · stopped filing (departed)

**Verdict on the desk:** this could be *funding-stretched*. 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 | $609.2M | |
| Deposits | $452.2M | |
| Loans and leases | $535.7M | |
| Total equity | $63.1M | |
| Loans / deposits | 117.12% (p98 of band) | 82.55% |
| Liquid assets / assets | 7.34% (p1 of band) | |
| Uninsured deposits / deposits | 27.06% (p63 of band) | 23.22% |
| Brokered deposits | 0.98% | |
| Wholesale funding | 15.99% (p88 of band) | |
| FHLB advances / assets | 14.70% | |
| Tier 1 leverage | 10.46% (p59 of band) | 10.04% |
| Unrealized securities loss / equity | 0.20% (p13 of band) | 2.80% |
| AOCI / equity | 0.00% (p7 of band) | |
| ROA (annualized) | 0.67% (p23 of band) | 1.04% |
| Net interest margin | 3.21% (p26 of band) | 3.59% |
| Efficiency ratio | 67.14% (p58 of band) | |
| Noncurrent loans | 0.81% (p65 of band) | 0.55% |
| Net charge-offs (annualized) | 0.00% (p40 of band) | |
| Reserve coverage of noncurrent | 139.10% | |
| Real estate % of loans | 81% | |
| Construction % of loans | 78.97% (p84 of band) | |
| Auto loans | $7,000 (0.00% of loans; DQ 0.00%, NCO 0.00%) | |
| Loans to nondepository financials | $16.5M (26% of equity) (p98 of band) | |
| Deposits YoY | 7.2% | |
| Employees | 56 | |

## Flags firing in the latest filing

- **loans exceed deposits** (`liq_ltd`)
- **wholesale funding >15%** (`liq_wholesale`)
- **liquid assets <10%** (`liq_thin`)
- **capital falling** (`cap_falling`)

## Warning timeline

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

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

- 2019-12-19 [Millington Bank to merge with Kearny in $94M deal - NJBIZ](https://news.google.com/rss/articles/CBMiZ0FVX3lxTE5FNl9waWdVLXZSRk8wd0VBSHp4V0hsZnl3Z0EtN2lMMFZubl9BZkl2MVdMM3RSVURoZG1nNGRMUnk4NUpyTENDSzdvMlRKT040d1c3WkpNWlBkZ2h0bUVPUWlJY1lwcVE?oc=5) · NJBIZ
- 2024-01-02 [BCB Bancorp names Michael Shriner its CEO and president - ROI-NJ](https://news.google.com/rss/articles/CBMinwFBVV95cUxOVnowZXdSTktFWnU3bXFMbGFCcjhVRGpwSXhlOS1aMDVSNlJNR1ZNclZXZFREdVFDOFg4eDMtbDVWM0Zrdmp1RkxwcGdxNF84VHVFSHNlMkVFSnU1UTlQTHRaYi04RmFkejlpeGdVWnktQ2p3NkJ1VTFFSEtUbzlQbTlFVnBaWUZBVkRiN0xMc3RZV3Vsc3dMLWJvelFmeXc?oc=5) · ROI-NJ
- 2023-12-29 [Michael Shriner named CEO of New Jersey's BCB Community Bancorp - American Banker](https://news.google.com/rss/articles/CBMinwFBVV95cUxNUnhDY3AyMWh5emVfUnd0bjIzWEFvQmFxWmxiRUxfeXRBeng2U0ZpZWtoaWRKSnNycDBLbWVzeEFkVXBsUGliNXdKcHZwRUhqM1M5LUFGalZvWk9BNE1nYlJiRmZmRmltSWxFbGQwRDVSRXNaT0MtaTN1U0FRN2t6THRVbTNyOUY0aC1NNkxwOXpDTk5zcUc0aVlqNmxTR2s?oc=5) · American Banker
- 2012-08-28 [Millington Bank Helps 'Stuff the Bus' - Patch](https://news.google.com/rss/articles/CBMigAFBVV95cUxPaHpFeXV5Zjcyd3cxam1ncFVKSURHbUMtaWxWTVNUUzZzVXZ2bEFDQTRpNFE2YUhUT2hSNTM2YWtNclB4MG52dGVFRzdRa0Q4SVIxbDFkYUgzMHFRY3FVM0FKOG9FeGdkNTFfWEpsaUtwTFdZNzBEX3cwVFVmbnVmVA?oc=5) · Patch
- 2017-01-24 [Nicole Jungels Falt, formerly of Long Hill, officer at Millington Bank - New Jersey Hills](https://news.google.com/rss/articles/CBMigAJBVV95cUxPc3JfMFlGZHRJNUtETWNWR2VZSGR2d25QRkk1THVVakNFMTZMRkQ5QXhDa0lqME16VTJtWUFNNEFsQUR4MVVZenJxMWtxeTVwSnlJT3RBRHIzazI4RU9hdU1pOUc4a3ZGaDluYmoxZWNkOTZ2YWFqaVllaDFpWWJWUWZmYklQNWRla1dRczR3el92aTRpMHlnc2NVX1c4SktZUDBLSkgtUms4R21pZFh1UDZTMnd0eXlCWjZyVU5SeXlad3pxeExHOWtDX1d4T01iX054MGZtOWRZZkVCeEQwRWZHbHpFVS0tbUh1ZWlUQk0teDNUc254S2dtV3BieDJC?oc=5) · New Jersey Hills
- 2023-12-28 [BCB Bancorp, Inc. Names Michael A. Shriner President and Chief Executive Officer - GlobeNewswire](https://news.google.com/rss/articles/CBMi6AFBVV95cUxQdVVzOWhJaEl3dDh4NDVWWHFNazV2a2t1Z2FNbHcybXB0VHhEanhnVjdWMzU1Q05FVjhxWXNVWlBoTWlBNTM0OVdDZTFTalZ6YkJWN0hvcU5MaS1JTDFCQ2tnYWhrdnBsc1h4RlhnOVNncUlvRFk2LXFPM093TmhHS04td21uMG5BWVY1dTJINFp6NVRsOFN4Rm0wSE50dzZOZ2todm9tVHhFMEx6SzBBa0JqSWVmWlRwS1lJR1VMTHRHR1lpSDN3MUVLYk9XZ1lNOVdvclhScktJSW83R0R2MmFsQkhjREFT?oc=5) · GlobeNewswire
- 2020-07-13 [Kearny completes Millington Bank acquisition - NJBIZ](https://news.google.com/rss/articles/CBMicEFVX3lxTE5DT09pTnlWQ0ZlUjNSYzBRRkoxY1VyOXVmRl9qZllHMENIT2RwcHI4WVdyZExsQXplT25GaThreThZeVBzdmxCdmNybkxpR1ZFTThfbHFQc0hhT3RwM0tad2RMWHg3NEprZUcwbU85UEs?oc=5) · NJBIZ
- 2021-09-26 [KATHLEEN KARDAN Obituary (2018) - Fairfield, NJ - NJ.com](https://news.google.com/rss/articles/CBMijwFBVV95cUxORjA3Q3oxcTA5Vkl4WGt4eFdINnl0ZGYyYWo2QUhETFIxLUVpd25kQlYySnFxY2NWUGctdXc0Tnl6eGxTUzhNQTZzRWZxbW9NMW4xVFdhY0trNkU2VTZjQjlFOFZXcnRrNF9ZNzh6QWhySklhRmM1eTJ3WHozQVlJdVNWRDctS2dpSFFIYlJlOA?oc=5) · NJ.com

## How to verify

- Page: https://getbookiq.com/bank-desk/#bank=30022 (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/6.json (key "30022", 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