# MADISON BANK OF MARYLAND
FOREST HILL, MD · FDIC certificate 32331 · asset band <$300M · latest filing 2019-12 · 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 | $139.4M | |
| Deposits | $95.5M | |
| Loans and leases | $99.1M | |
| Total equity | $27.4M | |
| Loans / deposits | 102.38% (p94 of band) | 76.58% |
| Liquid assets / assets | 21.71% (p28 of band) | |
| Uninsured deposits / deposits | 2.41% (p2 of band) | 16.53% |
| Brokered deposits | 0.00% | |
| Wholesale funding | 11.57% (p88 of band) | |
| FHLB advances / assets | 10.76% | |
| Tier 1 leverage | 18.78% (p91 of band) | 11.42% |
| Unrealized securities loss / equity | 0.31% (p39 of band) | 0.65% |
| AOCI / equity | 1.17% (p37 of band) | |
| ROA (annualized) | 0.15% (p8 of band) | 1.01% |
| Net interest margin | 2.66% (p7 of band) | 3.82% |
| Efficiency ratio | 99.73% (p96 of band) | |
| Noncurrent loans | 0.25% (p36 of band) | 0.52% |
| Net charge-offs (annualized) | -0.20% (p1 of band) | |
| Reserve coverage of noncurrent | 519.52% | |
| Real estate % of loans | 98% | |
| Construction % of loans | 2.19% (p21 of band) | |
| Auto loans | $0 (0.00% of loans; DQ –, NCO 0.00%) | |
| Loans to nondepository financials | $0 (0% of equity) (p48 of band) | |
| Deposits YoY | -7.2% | |
| Employees | 24 | |

## Flags firing in the latest filing

- **loans exceed deposits** (`liq_ltd`)
- **expense ratio p90** (`earn_efficiency`)
- **deposits shrinking** (`shrink_deposits`)
- **assets shrinking** (`shrink_assets`)

## Warning timeline

| Quarter | Score | Flags that first fired | Flags that cleared |
|---|---|---|---|
| 2011-03 | 2 | securities losses >30% of equity, reserve under noncurrent |  |
| 2011-06 | 2 |  |  |
| 2011-09 | 2 |  |  |
| 2011-12 | 3 | noncurrent p90 |  |
| 2012-03 | 7 | losing money, expense ratio p90, deposits shrinking, assets shrinking, uninsured deposits leaving | securities losses >30% of equity |
| 2012-06 | 3 |  | losing money, expense ratio p90, deposits shrinking, assets shrinking |
| 2012-09 | 4 | capital falling |  |
| 2012-12 | 6 | losing money, charge-offs p90 |  |
| 2013-03 | 4 | expense ratio p90 | uninsured deposits leaving, capital falling, charge-offs p90 |
| 2013-06 | 3 | uninsured deposits leaving | losing money, expense ratio p90 |
| 2013-09 | 6 | loans exceed deposits, losing money, expense ratio p90, deposits shrinking | uninsured deposits leaving |
| 2013-12 | 8 | capital falling, assets shrinking |  |
| 2014-03 | 5 | charge-offs p90 | losing money, expense ratio p90, capital falling, assets shrinking |
| 2014-06 | 5 | assets shrinking | charge-offs p90 |
| 2014-09 | 8 | losing money, expense ratio p90, charge-offs p90 |  |
| 2014-12 | 4 |  | noncurrent p90, loans exceed deposits, deposits shrinking, assets shrinking |
| 2015-03 | 6 | loans exceed deposits, noncurrent p90, deposits shrinking | charge-offs p90 |
| 2015-06 | 4 |  | loans exceed deposits, noncurrent p90 |
| 2015-09 | 5 | uninsured deposits leaving |  |
| 2015-12 | 6 | assets shrinking |  |
| 2016-03 | 3 |  | losing money, deposits shrinking, assets shrinking |
| 2016-06 | 4 | losing money |  |
| 2016-09 | 4 | capital falling | uninsured deposits leaving |
| 2016-12 | 4 |  |  |
| 2017-03 | 3 |  | capital falling |
| 2017-06 | 3 | noncurrent p90 | losing money |
| 2017-09 | 4 | capital falling |  |
| 2017-12 | 3 |  | noncurrent p90 |
| 2018-03 | 3 |  |  |
| 2018-06 | 0 |  | reserve under noncurrent, expense ratio p90, capital falling |
| 2018-09 | 0 |  |  |
| 2018-12 | 0 |  |  |
| 2019-03 | 1 | expense ratio p90 |  |
| 2019-06 | 1 |  |  |
| 2019-09 | 1 |  |  |
| 2019-12 | 4 | loans exceed deposits, deposits shrinking, assets shrinking |  |

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

- 2019-09-06 [BayVanguard Bank to acquire Madison Bank of Maryland - Baltimore Sun](https://news.google.com/rss/articles/CBMimAFBVV95cUxPQUlEUGFDajdNSUt4X0tQZ01mRjloT0xKRFg1SDVYc3F0T3lVYzBIODkxVnRjemo0WXdOZk9SdHBDWDdaTWpXUHJrMjg3czgxeC1OYWNMS0hUQ1kzTjF6d19tUmM0TktaOXNxd1BxMG5xV29IRW1oSnFSN3pXMXFpNXgtSHBsX0VTajhZQVZRUmw0OE9hSjdBUQ?oc=5) · Baltimore Sun
- 1991-06-19 [MADISON TAKEOVER ENDED BANK'S MINORITY MISSION - The Washington Post](https://news.google.com/rss/articles/CBMi2gFBVV95cUxNak1oNE50eXVpQXd5RVE4OC13VEZQSkdnWFNycnVLOUZxaTZGdFl2MzU3dUl4R0NSVFNDX196NmpCampyLW1uWHJ2aG04Z09kbkZ5T19BdE9IOENzb3BZYXdGbWZFMVVQdzB2SEdKdWN1RS1ENGlXWnRrYWVwelJoN1hCTmc1VE9MYmo0Rlp5QTRpT3lRd3JialA4VkFpVjhQU3J2U2lnN0xaR2lTc01aOGJtVVVmdjJEdTZHeDZsMkx6ZTFXdjdxaFFlSG85UmpLcFJtR1MzZHA0Zw?oc=5) · The Washington Post
- 2020-06-02 [Tricia M. Mermagen Obituary Jun 2, 2020 - McComas Family Funeral Homes](https://news.google.com/rss/articles/CBMicEFVX3lxTE1zdkItMmYyTktBT1FiTUh5TU1BV0ZVSkVUWUV6azlWMHJWWTJvZEhHN1lDNmVDSE8tMTJ5LXdvTFp1dUtoM3NCX2dvV1pXeTJXUUlBeHAyME5aSWIxOWROLXRmS1RBQ3FReVlDWEJRT2Q?oc=5) · McComas Family Funeral Homes
- 2012-07-18 [John RYAN Obituary (2012) - Baltimore, MD - Baltimore Sun - Legacy obituary](https://news.google.com/rss/articles/CBMijgFBVV95cUxONXZMYWlmN25FZmpCOWM3SFBpSHlCaU1qUE1lMWZRUTExdGRlOE1kbWc0SnJNTGdZVHQyX3kyQnJXWjl2MV94QkthVkdqaWg0UEFDQlQ3YUIycmZscnplTUlZclVaQ2p2LXNRU0NHdEctM3ZMTWFGMG1zV081VnRuUE85aGdFZWRRcjNINnJn?oc=5) · Legacy obituary
- 2010-02-03 [Kelly Slaski Obituary (2010) - Baltimore, MD - Baltimore Sun - Legacy obituary](https://news.google.com/rss/articles/CBMikgFBVV95cUxQYTlkSzVOLXJ5OERzWnB6Y1hXZWhLb1NMSGxldHhWenB2UVdMSnMzWXlGR2NKUk93aWZFLWhLUEFpNDlqMlN4UDlUMUsyRHpwWjVRbktHbXFfVE5jNE9kYTNTbDhDNVNpVS1wT2FFTzEtUVpQdDJlempHV1NHNHU3UXVYVFlHeHc2WG13MjZWWVZwUQ?oc=5) · Legacy obituary

## How to verify

- Page: https://getbookiq.com/bank-desk/#bank=32331 (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 "32331", 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