# SPRING BANK
BRONX, NY · FDIC certificate 58668 · asset band $300M-1B · latest filing 2026-06 · live

**Verdict on the desk:** this could be *funding-stretched*. Composite score 3 (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 | $641.0M | |
| Deposits | $549.1M | |
| Loans and leases | $456.6M | |
| Total equity | $89.0M | |
| Loans / deposits | 82.15% (p50 of band) | 82.04% |
| Liquid assets / assets | 28.13% (p59 of band) | |
| Uninsured deposits / deposits | 30.76% (p68 of band) | 25.97% |
| Brokered deposits | 18.30% | |
| Wholesale funding | 18.30% (p92 of band) | |
| FHLB advances / assets | 0.00% | |
| Tier 1 leverage | 14.59% (p88 of band) | 10.81% |
| Unrealized securities loss / equity | -7.53% (p52 of band) | -8.10% |
| AOCI / equity | -0.71% (p33 of band) | |
| ROA (annualized) | 1.71% (p76 of band) | 1.28% |
| Net interest margin | 4.11% (p61 of band) | 3.91% |
| Efficiency ratio | 41.20% (p6 of band) | |
| Noncurrent loans | 0.60% (p58 of band) | 0.43% |
| Net charge-offs (annualized) | 0.05% (p76 of band) | |
| Reserve coverage of noncurrent | 203.31% | |
| Real estate % of loans | 93% | |
| Construction % of loans | 40.85% (p48 of band) | |
| Auto loans | $0 (0.00% of loans; DQ –, NCO 0.00%) | |
| Loans to nondepository financials | $0 (0% of equity) (p45 of band) | |
| Deposits YoY | 27.6% | |
| Employees | 47 | |

## Flags firing in the latest filing

- **brokered >10%** (`liq_brokered`)
- **wholesale funding >15%** (`liq_wholesale`)
- **capital falling** (`cap_falling`)

## Warning timeline

| Quarter | Score | Flags that first fired | Flags that cleared |
|---|---|---|---|
| 2011-03 | 4 | brokered >10%, wholesale funding >15%, losing money, expense ratio p90 |  |
| 2011-06 | 1 |  | wholesale funding >15%, losing money, expense ratio p90 |
| 2011-09 | 1 |  |  |
| 2011-12 | 1 |  |  |
| 2012-03 | 2 | capital falling |  |
| 2012-06 | 3 | reserve under noncurrent |  |
| 2012-09 | 1 |  | brokered >10%, reserve under noncurrent |
| 2012-12 | 0 |  | capital falling |
| 2013-03 | 1 | reserve under noncurrent |  |
| 2013-06 | 1 | uninsured deposits leaving | reserve under noncurrent |
| 2013-09 | 1 | reserve under noncurrent | uninsured deposits leaving |
| 2013-12 | 1 |  |  |
| 2014-03 | 2 | charge-offs p90 |  |
| 2014-06 | 1 |  | reserve under noncurrent |
| 2014-09 | 3 | brokered >10%, reserve under noncurrent |  |
| 2014-12 | 3 | noncurrent p90 | charge-offs p90 |
| 2015-03 | 4 | capital falling |  |
| 2015-06 | 4 | uninsured deposits leaving | noncurrent p90 |
| 2015-09 | 3 |  | uninsured deposits leaving |
| 2015-12 | 3 |  |  |
| 2016-03 | 3 |  |  |
| 2016-06 | 2 |  | capital falling |
| 2016-09 | 2 |  |  |
| 2016-12 | 3 | capital falling |  |
| 2017-03 | 2 |  | capital falling |
| 2017-06 | 1 |  | reserve under noncurrent |
| 2017-09 | 1 |  |  |
| 2017-12 | 4 | capital falling, charge-offs p90, construction >100% equity |  |
| 2018-03 | 1 |  | capital falling, charge-offs p90, construction >100% equity |
| 2018-06 | 1 |  |  |
| 2018-09 | 1 |  |  |
| 2018-12 | 1 |  |  |
| 2019-03 | 2 | reserve under noncurrent |  |
| 2019-06 | 2 |  |  |
| 2019-09 | 3 | capital falling |  |
| 2019-12 | 1 |  | brokered >10%, capital falling |
| 2020-03 | 4 | brokered >10%, wholesale funding >15%, charge-offs p90 |  |
| 2020-06 | 4 | loans exceed deposits | charge-offs p90 |
| 2020-09 | 4 |  |  |
| 2020-12 | 3 |  | brokered >10% |
| 2021-03 | 3 |  |  |
| 2021-06 | 5 | brokered >10%, capital falling |  |
| 2021-09 | 5 | charge-offs p90 | capital falling |
| 2021-12 | 6 | noncurrent p90, assets shrinking | loans exceed deposits |
| 2022-03 | 5 |  | charge-offs p90 |
| 2022-06 | 4 |  | assets shrinking |
| 2022-09 | 3 |  | wholesale funding >15% |
| 2022-12 | 3 | capital falling | brokered >10% |
| 2023-03 | 4 | brokered >10%, wholesale funding >15% | capital falling |
| 2023-06 | 4 |  |  |
| 2023-09 | 5 | capital falling |  |
| 2023-12 | 2 |  | brokered >10%, wholesale funding >15%, capital falling |
| 2024-03 | 4 | brokered >10%, wholesale funding >15% |  |
| 2024-06 | 4 |  |  |
| 2024-09 | 5 | capital falling |  |
| 2024-12 | 4 |  | capital falling |
| 2025-03 | 3 |  | noncurrent p90 |
| 2025-06 | 4 | capital falling |  |
| 2025-09 | 3 |  | wholesale funding >15% |
| 2025-12 | 3 | wholesale funding >15% | reserve under noncurrent |
| 2026-03 | 3 |  |  |
| 2026-06 | 3 |  |  |

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

- 2025-10-20 [Executive at neighboring NYC bank bets on Carver turnaround - American Banker](https://news.google.com/rss/articles/CBMimwFBVV95cUxQS3lXb0g4d1hCa2RLcklUdTljY2xJYV9tLXpVUHhMSkdraWYyWWhvSlBZZGg0ZFVQVUtsQVFLcTM2M2lDYlZoRDJzM0U5andONUNMTmFDZzJ0SW5iMkl6TXlsdEZSUGZFN282QmpQTENIT0FfOFlrek5JdDlpZTdTUzR6U3N6XzZNQTF5MzFuTmpiTHBRSndtMkhSVQ?oc=5) · American Banker
- 2025-11-12 [Mayor Adams, DCWP, NYC Public Schools Announce In-School Banking Pilot as Part of "Financial Literacy for Youth" Initiative - NYC.gov](https://news.google.com/rss/articles/CBMisAFBVV95cUxOdjdCWWpObjVUbm8zV1hmay1BbVB6MVQtT0ZVN21idEZNYXNpdjYwS0JnYl9aZ3c2YWxXbXVxSk5XbHgxQ2NIU2ozb0ZtSlFzcjNOYmxSUWxwSC1LQ1VkQmR1andDTzU5Wk1GczhGWm9aYkd5M2ZFT0l4UXpGRTFPOE5aNFk0aGd5UUVBSjNEZHF0bTQzeW96VzRCWmJjVUpOWUpwa2RleXJOOTRQMDRHYw?oc=5) · NYC.gov
- 2024-12-02 [Sen. Gounardes Celebrates Opening of Red Hook’s First Bank Branch in a Decade - The New York State Senate (.gov)](https://news.google.com/rss/articles/CBMiwgFBVV95cUxNR1hUQWZCdjlBRlp2S3RXbUVXLW96YzV4YzFhMVhjc0l6RHZDajBiWDhXV29lNFBDeHFfam1LV2NZZTktVGVIQzJ2QjRuOXRDZW1aak9HVVJKcktXeVdWTEJjSXdoSGJQeWJ1TUJMOFZncEZDZXlPRWtYUnZLeTU2UWpqMkV3MDBVVG9YSXN0RHFaUG5FbDhMYTZEeGh2Tng4end1Z0djZldaY21uSGV6MllpTFVIamYxYURyYWc5bEExQQ?oc=5) · The New York State Senate (.gov)
- 2020-07-28 [It’s Not Impossible to Start a Community Bank in a Disinvested Neighborhood During a Recession - Next City](https://news.google.com/rss/articles/CBMirgFBVV95cUxQelpUcWQtcjk3VmZyXzdJNFV4bnZMUDRIb0NRUy1kQ2xHNnd1dzJLS3U1VmM4aTNxMEEwOG1zcHpwZ3pJQTRja0l1Wi1xY2hsdXk4NEoyT3ZNNmZla1F1elR1Q2FFOE43MU9UNHMxdXUwSnVMVjdyMk9LVS1ieUR1VDlpQ1FON2t6dHBINU41b2V6VmNFVDFyM3owNUVBSXpLQVRyMU1ITXhDVXZsRXc?oc=5) · Next City
- 2024-11-26 [Red Hook welcomes Spring Bank, the neighborhood’s first local bank in 10 years - Brooklyn Paper](https://news.google.com/rss/articles/CBMiYEFVX3lxTE9nbnp4UDhLbDB6TXcwWnZFbEtZMmN5Rjh2YUxxN1RIZlo4cm83T2pkSVBwc3lfb0lidzdpYVZEY0UxQmRzOERSVWtJOWFXTV8zU2lIaVFJNHJBeUltakdHRw?oc=5) · Brooklyn Paper
- 2025-11-12 [NYC 2026 student banking program: Which Staten Island school made the list? - SILive.com](https://news.google.com/rss/articles/CBMiuwFBVV95cUxQTkZFYTJtaUltVzd0amV2RU83U2JqcF9kblNLaDBZTm4zWU9IV3JaQ1JmNkFYZnhfVVJadHZyWHhCSW5HRjdGc3BMUFBJR3FBZC1DYVZxRkRDSGQwdkhtNUNSZXJmSDEwMzloX1Y3WHpvU2FQcGc5dUExTDRYYXJBM01WRTlEdkZHZ2JiSHhQSEZRWkhpX0I3a3huNnhQbVNmaEZKX0RFMkwxSU9JS203WDl5MjJQSjFudnZR?oc=5) · SILive.com
- 2026-03-04 [DiNapoli, Sanders and Anderson Take Action to Expand Lending in Underserved Communities and Spur Economic Development - Office of the New York State Comptroller (.gov)](https://news.google.com/rss/articles/CBMi3AFBVV95cUxPM3lJZVF5RTd3SnlkckRoV0VGQ0hrakhvUWdPLWhSLXprcVZEdTA3VHRuMTN5MXZwZk1xWG5hS3VZaXVmT0xKR0hjelU5WDlXeGYtVkRpeWV5a0Y5em1HcXZhYmVYeURPLVRZeVpXS29TRDJlUzNlMERYS01LWXN6bXNiZnpXb2dVWWdZeDRqd3RUbXpfdWhDUXJkcW1MYlp5RVJYS2pNbVI1UGpxc1otZVRzWG1ob2NjQUpWVEZGYlh3dUJfODZ3d1NETlFNd2M0OWVLeWhUcXdDRFQz?oc=5) · Office of the New York State Comptroller (.gov)
- 2024-10-21 [Atlantic Union to buy Maryland’s Sandy Spring Bank for $1.6B - Virginia Business](https://news.google.com/rss/articles/CBMikgFBVV95cUxNRXR1YkVqUGtxRG1jSjFPU184TnRDQ05EQ0k5cVpGRDhfMWtSelZ6NWJXaWxVTkIzT2NHbC05WVBMbTFabjJBQ3lpLTFmRURsMXlYbTJBdkNtUzU3WlI4V3VNbk84dS0wSU1UWnJOdWZEWWViOV9KM0xTMnJha3ByV2lTRlAtX0JPSWZ0UkNvMlp2Zw?oc=5) · Virginia Business

## How to verify

- Page: https://getbookiq.com/bank-desk/#bank=58668 (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/44.json (key "58668", 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