# LEDYARD NATIONAL BANK
NORWICH, VT · FDIC certificate 33418 · asset band $1-10B · latest filing 2026-06 · live

**Verdict on the desk:** this could be *run candidate*. 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 | $1.07B | |
| Deposits | $874.4M | |
| Loans and leases | $736.4M | |
| Total equity | $79.0M | |
| Loans / deposits | 83.61% (p42 of band) | 87.10% |
| Liquid assets / assets | 25.55% (p66 of band) | |
| Uninsured deposits / deposits | 12.99% (p7 of band) | 30.76% |
| Brokered deposits | 4.45% | |
| Wholesale funding | 14.30% (p78 of band) | |
| FHLB advances / assets | 9.84% | |
| Tier 1 leverage | 8.27% (p4 of band) | 10.50% |
| Unrealized securities loss / equity | -33.04% (p7 of band) | -7.75% |
| AOCI / equity | 0.88% (p95 of band) | |
| ROA (annualized) | 0.71% (p15 of band) | 1.26% |
| Net interest margin | 2.85% (p11 of band) | 3.70% |
| Efficiency ratio | 79.18% (p92 of band) | |
| Noncurrent loans | 0.31% (p34 of band) | 0.51% |
| Net charge-offs (annualized) | 0.00% (p27 of band) | |
| Reserve coverage of noncurrent | 239.28% | |
| Real estate % of loans | 85% | |
| Construction % of loans | 94.01% (p85 of band) | |
| Auto loans | $0 (0.00% of loans; DQ –, NCO 0.00%) | |
| Loans to nondepository financials | $0 (0% of equity) (p35 of band) | |
| Deposits YoY | 7.0% | |
| Employees | 147 | |

## Flags firing in the latest filing

- **securities losses >30% of equity** (`cap_secloss`)
- **expense ratio p90** (`earn_efficiency`)

## Warning timeline

| Quarter | Score | Flags that first fired | Flags that cleared |
|---|---|---|---|
| 2011-03 | 1 | reserve under noncurrent |  |
| 2011-06 | 0 |  | reserve under noncurrent |
| 2011-09 | 0 |  |  |
| 2011-12 | 0 |  |  |
| 2012-03 | 0 |  |  |
| 2012-06 | 0 |  |  |
| 2012-09 | 1 | capital falling |  |
| 2012-12 | 0 |  | capital falling |
| 2013-03 | 0 |  |  |
| 2013-06 | 0 |  |  |
| 2013-09 | 0 |  |  |
| 2013-12 | 0 |  |  |
| 2014-03 | 1 | capital falling |  |
| 2014-06 | 1 |  |  |
| 2014-09 | 0 |  | capital falling |
| 2014-12 | 0 |  |  |
| 2015-03 | 0 |  |  |
| 2015-06 | 0 |  |  |
| 2015-09 | 0 |  |  |
| 2015-12 | 1 | capital falling |  |
| 2016-03 | 0 |  | capital falling |
| 2016-06 | 0 |  |  |
| 2016-09 | 0 |  |  |
| 2016-12 | 0 |  |  |
| 2017-03 | 0 |  |  |
| 2017-06 | 1 | capital falling |  |
| 2017-09 | 0 |  | capital falling |
| 2017-12 | 0 |  |  |
| 2018-03 | 0 |  |  |
| 2018-06 | 0 |  |  |
| 2018-09 | 0 |  |  |
| 2018-12 | 0 |  |  |
| 2019-03 | 0 |  |  |
| 2019-06 | 0 |  |  |
| 2019-09 | 2 | deposits shrinking, uninsured deposits leaving |  |
| 2019-12 | 0 |  | deposits shrinking, uninsured deposits leaving |
| 2020-03 | 2 | wholesale funding >15%, uninsured deposits leaving |  |
| 2020-06 | 2 | capital falling | uninsured deposits leaving |
| 2020-09 | 3 | brokered >10% |  |
| 2020-12 | 0 |  | wholesale funding >15%, capital falling, brokered >10% |
| 2021-03 | 0 |  |  |
| 2021-06 | 1 | capital falling |  |
| 2021-09 | 0 |  | capital falling |
| 2021-12 | 0 |  |  |
| 2022-03 | 2 | AOCI drag >20% of equity, securities losses >30% of equity |  |
| 2022-06 | 3 | deposits shrinking |  |
| 2022-09 | 3 |  |  |
| 2022-12 | 4 | uninsured deposits leaving |  |
| 2023-03 | 4 | wholesale funding >15% | AOCI drag >20% of equity |
| 2023-06 | 3 |  | deposits shrinking |
| 2023-09 | 4 | capital falling |  |
| 2023-12 | 5 | expense ratio p90 |  |
| 2024-03 | 3 | NIM <2.5% | uninsured deposits leaving, wholesale funding >15%, expense ratio p90 |
| 2024-06 | 3 |  |  |
| 2024-09 | 3 |  |  |
| 2024-12 | 3 |  |  |
| 2025-03 | 3 | construction >100% equity | NIM <2.5% |
| 2025-06 | 3 |  |  |
| 2025-09 | 4 | expense ratio p90 |  |
| 2025-12 | 2 |  | capital falling, expense ratio p90 |
| 2026-03 | 2 | expense ratio p90 | construction >100% equity |
| 2026-06 | 2 |  |  |

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

- 2026-03-24 [Ledyard Bank’s Josephine Moran receives VBA Woman of the Year award - Vermont Business Magazine](https://news.google.com/rss/articles/CBMiowFBVV95cUxOam1xSmRYNHZyVW9fOV9zRVJmUGItSHFjR3ZRLWVDS0xkSXNRRVk5eV9LeTg4aFNtdnREdVdXYmlER2xMY1hzdjZBVkE3ZGxBdFhxYjlxWkJrajFPSmluc3ppWndWRjA5bDFTSUo4X1VKRm5ITk9GQ0RITEJHSTJ2Q2lsZ3RySjFUcWNDd2xNZ1dSR2FnU1lHQUJoNWt3eGVDOURN?oc=5) · Vermont Business Magazine
- 2026-04-09 [Ledyard Wealth Management announces McDonough as CIO - Vermont Business Magazine](https://news.google.com/rss/articles/CBMijgFBVV95cUxOZno2VUpXelpZQVhDWmYwWXBOcy1LOUhVdWRlTnZYb2hnLVpPVWJkRDlJNTN1SnVJbzdjTlZ4V2oyQW1ESjQ4SHByb2RQS1JMZlV2TjdtTV9HRUs4bFhHVmFVbzBQV0hQb3VVYnZIYU5SN1lWOVM4dmtkV202WHRrMG4zalF3Z2djV0JKLUtB?oc=5) · Vermont Business Magazine
- 2020-12-14 [Ledyard National Bank announces a promotion and a new employee - Vermont Business Magazine](https://news.google.com/rss/articles/CBMimgFBVV95cUxPb054Q0Nvd05NaTFyZ2o5LURaZ0tDazlpUFo0bjhldUZwemxjUm51cGdpYlNQVHEzRUhNZTQ5TURwd2xqN0hKb09CVVV3Z05OWUUwbU1QWFMwendMNWlxMTRoaVZLR1lNaWhRUmltQnhEamNPd1BEOUJNOGpFMzAwMnpEbEhvRFgyaTFIeFRyOXhZaDR3WEVmTEJ3?oc=5) · Vermont Business Magazine
- 2023-11-15 [Ledyard National Bank’s commercial banking division welcomes Joe Scearbo - Vermont Business Magazine](https://news.google.com/rss/articles/CBMiqgFBVV95cUxQZUZ0ZjNzQmVVTzF3RmhkUFZWNmNTUW5HVmNHQVozQ25ZdDZHMnZHTEVqTjVIVjBmeTlScXg5cFczV1VyQi1tRGpxeWFvWGlYMDJGaVZ3OHUtTXFSZUIzcTNfN3RUMTgtbU5PWXNsVkJNNURPajNUSnBoallYWlBmLUNDcFROaThoeUJxVW4yWGJ4dTN6Uzk3OXRVaFhLVm9kWkJwSkNVVE90dw?oc=5) · Vermont Business Magazine
- 2023-07-30 [Ledyard National Bank’s financial advisors division welcomes Susan Winchester - Vermont Business Magazine](https://news.google.com/rss/articles/CBMisAFBVV95cUxPMWNfd2JVTW5DVXNubzhsQl9XZmozVDdxZklwMzNKQ2pkNDhyMzgtN1hqZzZkUWNXYVNiVTF6dnBTT21xenp0LWR2eGNpY0xTWk9rYVgyanhETVJ5N0J0Z0ZJSTkwbkpKakNBTFpmSWpKb2RDaHRWUVZfd0djM0R1SUgwNW0tTVhodGRDeUREbjhvMmVVY09hUTU4RTREQV81SzUzTWRtZW4yRmZzYmc2bg?oc=5) · Vermont Business Magazine
- 2018-04-25 [Ledyard National Bank promotes Donna Batchelder to senior vice president - Vermont Business Magazine](https://news.google.com/rss/articles/CBMiqAFBVV95cUxPcjc1VVlfYWdmbWxZSEhqWHFGWnhvNTRrLV9jc1RfcDVTcDktNVdoQXRfdzBOT0FmQndxN3FPdFcxNmpUT0Z6RlptSVNNSTNfUmZVcEFDendXU3hQRDhvWE9BTTIyT0tVbnVFNUNXbGF1dGJ3V3JkNk1XRG83M0FjMjVGcnoyUGJELWZsZFlUR1B0RWpPLVp4N25XY3k2VWFBeUFtV2hFclA?oc=5) · Vermont Business Magazine
- 2019-05-01 [Ledyard National Bank promotes St Martin to Chief Technology Officer - Vermont Business Magazine](https://news.google.com/rss/articles/CBMioAFBVV95cUxNQno0ekFOV0F1YmhRejhCUUtDdDIwR1VZeHhSU2tRZU5JSW5yclMxQmFZTFZlWkVtcWxvc1U1QTF2MXZfd1YzR093R0s2dUdrbmZFNVVLT1h5aVZWMzc1SmJyVEhmaWJOTXJDcGpTSm5FcF9jS2U1RkQya1IwNGdUcnBjMTh6Z1hKY3U5a1lFNWx1bVJsNlVDSnRGWVViV3Fl?oc=5) · Vermont Business Magazine
- 2023-07-04 [Ledyard National Bank welcomes Tim Allen as senior financial adviser - Vermont Business Magazine](https://news.google.com/rss/articles/CBMiogFBVV95cUxNY2NwekdFNFNYYm5JallqMmJ2TlVXTGJFeGFoNHg2VFpSeXVaVlhsRzlLcTFHTFVpMWEtUW1nbThVbUFWdi02S2cxQTJlbjZUTHE2VGV0bDN1c1hzTzB1VGJIb2h0bERNRXo0N0t3SmppNGZhbEl1Q3JYZkNTRmFGd1BocG9QcGZDRjRvOTNESUYzcW1fb3ljZVhmbV80Nm1IZkE?oc=5) · Vermont Business Magazine

## How to verify

- Page: https://getbookiq.com/bank-desk/#bank=33418 (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/10.json (key "33418", 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