# BANK OF SOUTHERN CONNECTICUT
NEW HAVEN, CT · FDIC certificate 57251 · asset band <$300M · latest filing 2013-03 · stopped filing (departed)

**Verdict on the desk:** this could be *credit-stressed*. Composite score 6 (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 | $121.1M | |
| Deposits | $106.8M | |
| Loans and leases | $100.2M | |
| Total equity | $10.7M | |
| Loans / deposits | 91.73% (p91 of band) | 66.54% |
| Liquid assets / assets | 15.58% (p7 of band) | |
| Uninsured deposits / deposits | 9.87% (p40 of band) | 11.77% |
| Brokered deposits | 2.06% | |
| Wholesale funding | 3.01% (p61 of band) | |
| FHLB advances / assets | 0.00% | |
| Tier 1 leverage | 8.93% (p28 of band) | 10.04% |
| Unrealized securities loss / equity | 0.00% (p11 of band) | 2.48% |
| AOCI / equity | 0.00% (p79 of band) | |
| ROA (annualized) | -0.19% (p8 of band) | 0.72% |
| Net interest margin | 4.08% (p77 of band) | 3.55% |
| Efficiency ratio | 104.52% (p93 of band) | |
| Noncurrent loans | 5.54% (p91 of band) | 1.19% |
| Net charge-offs (annualized) | -0.02% (p17 of band) | |
| Reserve coverage of noncurrent | 40.23% | |
| Real estate % of loans | 79% | |
| Construction % of loans | 13.30% (p47 of band) | |
| Auto loans | $35,000 (0.03% of loans; DQ 71.43%, NCO 0.00%) | |
| Loans to nondepository financials | $74,000 (1% of equity) (p97 of band) | |
| Deposits YoY | -11.9% | |
| Employees | 32 | |

## Flags firing in the latest filing

- **losing money** (`earn_negative`)
- **expense ratio p90** (`earn_efficiency`)
- **noncurrent p90** (`aq_noncurrent`)
- **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 | 3 | losing money, charge-offs p90, reserve under noncurrent |  |
| 2011-06 | 3 |  |  |
| 2011-09 | 3 |  |  |
| 2011-12 | 4 | leverage <7% |  |
| 2012-03 | 6 | expense ratio p90, noncurrent p90, deposits shrinking, assets shrinking | charge-offs p90, leverage <7% |
| 2012-06 | 4 |  | expense ratio p90, noncurrent p90 |
| 2012-09 | 4 | uninsured deposits leaving | losing money |
| 2012-12 | 5 | losing money |  |
| 2013-03 | 6 | expense ratio p90, noncurrent p90 | uninsured deposits leaving |

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

- 2025-05-03 [Liberty Bank celebrates 200 years after humble start in a Middletown apothecary - ctinsider.com](https://news.google.com/rss/articles/CBMilwFBVV95cUxNb3RPQ0hqN1ZsYTFxM3BjRjY1dDNtOWlHZGp1b2JvRlNNVTJKWGw2U1VVU0FQRlVOekJhTUdrSzJsSTBaRlJLT1VNTDhkMWZ6dmRLeVRZTmFxcFNIMlVXQm5rRm9TTURtUWVGaThhR2prMlp6cTBRRkFTTFlMamNFV0ZtczBLZnp2bTY4SU1YMWk2LVhVaGJB?oc=5) · ctinsider.com
- 2025-05-29 [200-Year-Old Connecticut-Based Bank Set To Close Branch In Naugatuck - Patch](https://news.google.com/rss/articles/CBMipAFBVV95cUxPQUZFRFh4d29BUnJLYjlMTFdnODBkcmFLNFMwS1NLZndRQ1V3Wms0OEd1SEpSNG4yWGRUVGJ0LTZiMUhoVXEwZWVWRThmNmJ0bUxuTkkycTNhQUxDUkJWT1lRNjhnNG1EaEt1TmZ0bHJhQ04ySS1DUzdpM2ZLaUhMRVB1bERwejJxNHg0ekFKeHhZUkpwV3VvLWNON0wweXphM3VaRQ?oc=5) · Patch
- 2015-02-13 [Jorge Perez, a banker, pol and activist, picked for banking post - CT Mirror](https://news.google.com/rss/articles/CBMimgFBVV95cUxQWVlKUThKc29VTjV2b3BnTVp6WFNnZHJNRnB6QTRFelk5Q3BUV0JMS0c1QU0wSy05X180THVqNFR6YjVqLUl4VDdEaHZfTWdFbzdEN2h1SUQ4NEZ6U0FSampyREpHV0s1dm9oUG5Ha080X3gzOEZiZWEtRGpIOGN3NGw3UUpzaGtIcVU3TFVPSU5EZUlSYWV4VFlB?oc=5) · CT Mirror
- 2011-04-22 [Ex-New Haven banker lands at Greenwich lender - hartfordbusiness.com](https://news.google.com/rss/articles/CBMiiwFBVV95cUxORmpJODgzMGNPbTd4Ykp0eGpqN2xsRDVXZk5mUHF6Ni15aDZ1cmd3YThPMi1ad1hjai1tTUV0WGYyRmJzWE81OXhHY2VQcHRYUE42MDRjVnRDM0U3TEptZXZJVUNVeURMQktWMDdmNVdiTFhhQ05XeXlTeHFuZ3dDZXRROVBFTUlLVEdV?oc=5) · hartfordbusiness.com
- 2026-03-02 [How acquisitions and mergers have reshaped Connecticut's banking industry - ctinsider.com](https://news.google.com/rss/articles/CBMipAFBVV95cUxPeFBXUWYyMUt2c1NfZ1VySmp2THNhLVc3MWdldkpOZm1paEZTbWkyYWZ2VEJHZnJoQTU3ZG1EMDNfdGdCT19jUVk1bWozeU5Keno2TWVBYUpMcklsMVl2MFB1U0tiWnFKZG5TVklsNlV6S25fRzBBRmNFTjhoV01mVkhxR2pBb2x3bUs2a3hqR0VDVnQ4T0VvY014V25pTWFJMmJ0OA?oc=5) · ctinsider.com
- 2015-08-17 [Court documents: Man who died in police altercation a serial bank robber - fox61.com](https://news.google.com/rss/articles/CBMijgJBVV95cUxPOWpiOURtUFlGT1VERzAxbVdscktROGdGZ2FYTEt2dnVnNk9pbDZaYVdua2hNV0hYZVhsUTJGc2ZNVkJqdUJIT3dlTnU2YVd1cnlkVi05R3VjSjU2eFhTUklrS2FzamMzU3p5WlM1S0RkVXcyekM2dkY3TThvTC01aUxTeF9BRnZLQTUxNnE5SEF3WXZ3d18wV2htZU5zSDdaWlM3TGRkaUxZRWdYYTNHYWg0a3QtNU0ySjBiVVM2eHNjLWpGUHNWRXE5Q25BTzE1ZUxGQmFZcTl2V2FaRmdsaVhNbnBieFZrUm5ncUUteHQ0UHVZMDIzcG9iVzc5LW82RW15UDMwdUg0UEJxSWc?oc=5) · fox61.com
- 2018-09-30 [Lorraine Cronin Obituary (2018) - New Haven, CT - Hartford Courant - legacy.com](https://news.google.com/rss/articles/CBMimAFBVV95cUxNOXBYQkF1YmtCU0NaTlNoaW5Oc0xldzFTcGVBOEU5Q3dlTW5MRVVtVHRSSkJDS0Rkc3dsSkFpNmE2aXJzN3FneUxOc0JLZVZHVGtVQlhEUUM5UWtGZW5BRmtHeGJZMVE3bE1SQ2RSbEZZb1ZLdkNfU01QOFJnSmRnVThtSU9jVGxDdHB3UnBMNk8zWm9FVmxvZQ?oc=5) · legacy.com
- 2011-09-13 [NewAlliance Castoffs Finding Safe Harbor at Rockville Bank - Patch](https://news.google.com/rss/articles/CBMioAFBVV95cUxNQmJrak5YdnVSbkVMRmpVVzNkMHRwNW9Bck9FQVI4dE5IMW9iWUtNclFzUmV2RVlQVkEzZFptX09mT3NUakRIci0xN3kxeXNQVlItN0F3eDJ1YW15SkhTbFNSNnUxZGx4VFhoWFBudXZBSTQtM2RpNDVaajNzSjAxZVBQOVktenExN0llN0tYX2pyM0pmN0g5czR5eUpWMDR4?oc=5) · Patch

## How to verify

- Page: https://getbookiq.com/bank-desk/#bank=57251 (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/35.json (key "57251", 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