# BANK OF FAIRFIELD
FAIRFIELD, CT · FDIC certificate 58880 · asset band <$300M · latest filing 2013-06 · stopped filing (departed)

**Verdict on the desk:** this could be *funding-stretched*. Composite score 1 (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 | $169.7M | |
| Deposits | $147.7M | |
| Loans and leases | $150.0M | |
| Total equity | $13.8M | |
| Loans / deposits | 100.12% (p95 of band) | 68.67% |
| Liquid assets / assets | 11.27% (p4 of band) | |
| Uninsured deposits / deposits | 22.37% (p86 of band) | 11.61% |
| Brokered deposits | 2.80% | |
| Wholesale funding | 6.93% (p76 of band) | |
| FHLB advances / assets | 4.12% | |
| Tier 1 leverage | 8.41% (p16 of band) | 10.18% |
| Unrealized securities loss / equity | 0.01% (p61 of band) | -0.21% |
| AOCI / equity | -0.83% (p71 of band) | |
| ROA (annualized) | 0.69% (p45 of band) | 0.77% |
| Net interest margin | 4.11% (p77 of band) | 3.59% |
| Efficiency ratio | 68.69% (p37 of band) | |
| Noncurrent loans | 0.27% (p24 of band) | 1.13% |
| Net charge-offs (annualized) | 0.00% (p29 of band) | |
| Reserve coverage of noncurrent | 534.63% | |
| Real estate % of loans | 93% | |
| Construction % of loans | 69.59% (p89 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 | 38.5% | |
| Employees | 15 | |

## Flags firing in the latest filing

- **loans exceed deposits** (`liq_ltd`)

## Warning timeline

| Quarter | Score | Flags that first fired | Flags that cleared |
|---|---|---|---|
| 2011-03 | 2 | loans exceed deposits, losing money |  |
| 2011-06 | 1 |  | loans exceed deposits |
| 2011-09 | 2 | loans exceed deposits |  |
| 2011-12 | 1 |  | losing money |
| 2012-03 | 3 | liquid assets <10%, capital falling |  |
| 2012-06 | 3 |  |  |
| 2012-09 | 1 |  | loans exceed deposits, liquid assets <10% |
| 2012-12 | 2 | loans exceed deposits |  |
| 2013-03 | 2 | liquid assets <10% | capital falling |
| 2013-06 | 1 |  | liquid assets <10% |

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

- 2022-07-07 [Startup commercial bank — CT’s first in over a decade — gets preliminary approval - hartfordbusiness.com](https://news.google.com/rss/articles/CBMitAFBVV95cUxPQWlENW40X1RWZlI2VHF5YWlPeG1OMTZvTGJma2ZHblRjNTNtUlpiXy1yY01Cc2tYOTBUQ2pOekdvc0ZSX2lMM19CRTBQSzE3SHBaUldxZ0lDbWtuYmVCWUQ0RHRtSGRvNzVSTzl1UGJ0cnhza0lqYjNrNi1zREFuQlFWeEdMdXU4cEloMHlMcEtqWVh3Y2NHNTBtX1V0UzYtaGQzRVpZU1BOVlhKSHF2SXloVHQ?oc=5) · hartfordbusiness.com
- 2024-02-04 [FORGOTSON - Southern New England Jewish Ledger](https://news.google.com/rss/articles/CBMiW0FVX3lxTE9fcjA2NXllWHdQYjZnYkJ2ekJtQUFRTklSNzdzbXYzY0E3TmtXWERiV0Q4OGVpWFlTRFYwUkJXY2xlcHhUMGlXeUNIVTA2U3BQazdvMW1SYXQ4elk?oc=5) · Southern New England Jewish Ledger
- 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
- 2012-04-19 [Former NewAlliance CEO taking over at BNC - CTPost](https://news.google.com/rss/articles/CBMikwFBVV95cUxOdFlKcUVsT3ZhdkkwNkRXOTVpVW9MZmgtN01wU1ZTN29NQnYwTTR6TjF4WnZtOHd4VDFkT3k1R2JfVnZReko5Y2FPSEFPdmdya0cyaHI0enZGRWhoTmJYUExVWWxISmozZ2RLb1M5Ym16eGJWV1NrYnlyb3J2WWVZMjFQU3lrMU45YzBaQ1BVVnVvdms?oc=5) · CTPost
- 2022-05-09 [Former bankers, others look to launch new CT community bank - hartfordbusiness.com](https://news.google.com/rss/articles/CBMinAFBVV95cUxQU3lNU2pVZ3JDLVhhdHN5WjB6NFlZbnM1dTRJei1nOUtCRmpWbVF0VS1qMzUyRnhGZmtBYkhBakhFVnZnYV9PbTVQbnlvY3Z2UVFrU2VfVlZvdFdHaWdMZWxEakR5M1JOaXJKNEhtNUF6cXptbkpXQW9kelJIcGNYUG5yNHoxdTVjdXJ5WTYySGQ2bTZabVFfQ2pJRFY?oc=5) · hartfordbusiness.com
- 2024-01-17 [Merrill Forgotson Obituary - Stamford, CT - Dignity Memorial](https://news.google.com/rss/articles/CBMiiAFBVV95cUxOLUF6UjcxUWloUkx1MEtRZFdaYXFETV9WbGEyNUxyUEZucWtab0h1UzM1NHlCM3lxODRWWFdpbjJ0LXlZS3Y1S2FHWUo1TDZOR3FkdzF0QVhOOFZFdmY3SjF4dmFKejU4SUFHUWs2Q2JOS0NuQVZSMzNtd2Y5Mk84ZkMtbUdLWEpZ?oc=5) · Dignity Memorial
- 2021-11-07 [Louis Bailey Obituary (2008) - Bridgeport, CT - Connecticut Post - legacy.com](https://news.google.com/rss/articles/CBMiigFBVV95cUxNUkFJQ0o1N0ExZ295dzJwOGtIdWI1dzZHZjBGVEZLT3N2XzNhOVpZTUZZWEdFZFdJMWx0UmoxMndzZkhvWTl4U1lKaEQzdVFaWU1TZW9ZV3ozXzNGemdodTJ1cG1GUmJ3Y2l3RXNYZVhjTFdyMTVKTWlLaDRsMnpKU1NVWDVvZ1lhMUE?oc=5) · legacy.com
- 2013-01-17 [Monroe Diner Celebrates its Grand Opening - Patch](https://news.google.com/rss/articles/CBMihAFBVV95cUxOLUJIeE0zLVBOR1FwV2g2bWkwS3g1dVJqbW9GYzhsTnlHeG12VmtFUTRuaFVud01fTUZ2SUhWSnZ2dGpJc2VGbDBQR2w0Q3Z1M09JNHFVR1pPWk8wUy1QQVdYcTQzZTdVMVpzMUhQVUZ4OWMtc3BrZlNlRGNJRUtubEhla2o?oc=5) · Patch

## How to verify

- Page: https://getbookiq.com/bank-desk/#bank=58880 (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/0.json (key "58880", 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