# MADISON SQUARE FSB
BALTIMORE, MD · FDIC certificate 32334 · asset band <$300M · latest filing 2014-12 · 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 | $135.3M | |
| Deposits | $122.2M | |
| Loans and leases | $78.4M | |
| Total equity | $12.5M | |
| Loans / deposits | 63.49% (p37 of band) | 71.50% |
| Liquid assets / assets | 39.46% (p61 of band) | |
| Uninsured deposits / deposits | 4.47% (p11 of band) | 13.21% |
| Brokered deposits | 0.00% | |
| Wholesale funding | 0.22% (p37 of band) | |
| FHLB advances / assets | 0.00% | |
| Tier 1 leverage | 9.39% (p30 of band) | 10.45% |
| Unrealized securities loss / equity | -2.23% (p8 of band) | 0.49% |
| AOCI / equity | 6.30% (p84 of band) | |
| ROA (annualized) | 0.07% (p10 of band) | 0.81% |
| Net interest margin | 2.63% (p9 of band) | 3.66% |
| Efficiency ratio | 97.09% (p90 of band) | |
| Noncurrent loans | 1.43% (p67 of band) | 0.76% |
| Net charge-offs (annualized) | 0.06% (p55 of band) | |
| Reserve coverage of noncurrent | 71.00% | |
| Real estate % of loans | 92% | |
| Construction % of loans | 25.07% (p62 of band) | |
| Auto loans | $173,000 (0.22% of loans; DQ 0.00%, NCO 0.00%) | |
| Loans to nondepository financials | $0 (0% of equity) (p48 of band) | |
| Deposits YoY | -7.7% | |
| Employees | 28 | |

## Flags firing in the latest filing

- **expense ratio p90** (`earn_efficiency`)
- **reserve under noncurrent** (`aq_reserve`)
- **deposits shrinking** (`shrink_deposits`)
- **assets shrinking** (`shrink_assets`)

## Warning timeline

| Quarter | Score | Flags that first fired | Flags that cleared |
|---|---|---|---|
| 2011-03 | 1 | losing money |  |
| 2011-06 | 1 |  |  |
| 2011-09 | 0 |  | losing money |
| 2011-12 | 0 |  |  |
| 2012-03 | 2 | losing money, expense ratio p90 |  |
| 2012-06 | 1 | capital falling | losing money, expense ratio p90 |
| 2012-09 | 1 | NIM <2.5% | capital falling |
| 2012-12 | 1 |  |  |
| 2013-03 | 1 |  |  |
| 2013-06 | 3 | deposits shrinking, uninsured deposits leaving |  |
| 2013-09 | 2 |  | deposits shrinking |
| 2013-12 | 2 | reserve under noncurrent | uninsured deposits leaving |
| 2014-03 | 1 |  | NIM <2.5% |
| 2014-06 | 3 | deposits shrinking, assets shrinking |  |
| 2014-09 | 4 | expense ratio p90 |  |
| 2014-12 | 4 |  |  |

## 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=32334 (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/14.json (key "32334", 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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