# NAUGATUCK VALLEY S&L
NAUGATUCK, CT · FDIC certificate 30365 · asset band $300M-1B · latest filing 2015-12 · 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 | $492.8M | |
| Deposits | $380.7M | |
| Loans and leases | $381.5M | |
| Total equity | $56.3M | |
| Loans / deposits | 99.42% (p85 of band) | 82.78% |
| Liquid assets / assets | 17.23% (p26 of band) | |
| Uninsured deposits / deposits | 9.27% (p11 of band) | 20.30% |
| Brokered deposits | 0.80% | |
| Wholesale funding | 11.79% (p72 of band) | |
| FHLB advances / assets | 10.99% | |
| Tier 1 leverage | 11.33% (p72 of band) | 10.05% |
| Unrealized securities loss / equity | 0.23% (p44 of band) | 0.46% |
| AOCI / equity | -2.19% (p6 of band) | |
| ROA (annualized) | 0.04% (p3 of band) | 0.91% |
| Net interest margin | 3.44% (p39 of band) | 3.59% |
| Efficiency ratio | 122.55% (p99 of band) | |
| Noncurrent loans | 0.81% (p56 of band) | 0.71% |
| Net charge-offs (annualized) | 0.00% (p27 of band) | |
| Reserve coverage of noncurrent | 98.29% | |
| Real estate % of loans | 92% | |
| Construction % of loans | 9.44% (p16 of band) | |
| Auto loans | $4.8M (1.25% of loans; DQ 0.00%, NCO 0.00%) | |
| Loans to nondepository financials | $0 (0% of equity) (p44 of band) | |
| Deposits YoY | -0.2% | |
| Employees | 111 | |

## Flags firing in the latest filing

- **expense ratio p90** (`earn_efficiency`)
- **reserve under noncurrent** (`aq_reserve`)

## Warning timeline

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

## 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=30365 (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 "30365", 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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