# PRIMARY BANK
BEDFORD, NH · FDIC certificate 59086 · asset band $300M-1B · latest filing 2026-06 · live

**Verdict on the desk:** this could be *funding-stretched*. 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 | $769.5M | |
| Deposits | $644.2M | |
| Loans and leases | $671.4M | |
| Total equity | $121.4M | |
| Loans / deposits | 103.19% (p93 of band) | 82.04% |
| Liquid assets / assets | 12.35% (p10 of band) | |
| Uninsured deposits / deposits | 41.91% (p90 of band) | 25.97% |
| Brokered deposits | 8.07% | |
| Wholesale funding | 8.07% (p71 of band) | |
| FHLB advances / assets | 0.00% | |
| Tier 1 leverage | 16.32% (p93 of band) | 10.81% |
| Unrealized securities loss / equity | -6.31% (p56 of band) | -8.10% |
| AOCI / equity | 0.00% (p77 of band) | |
| ROA (annualized) | 1.75% (p77 of band) | 1.28% |
| Net interest margin | 4.05% (p58 of band) | 3.91% |
| Efficiency ratio | 45.63% (p11 of band) | |
| Noncurrent loans | 1.48% (p83 of band) | 0.43% |
| Net charge-offs (annualized) | 0.08% (p81 of band) | |
| Reserve coverage of noncurrent | 66.61% | |
| Real estate % of loans | 79% | |
| Construction % of loans | 70.58% (p71 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 | 5.1% | |
| Employees | 60 | |

## Flags firing in the latest filing

- **loans exceed deposits** (`liq_ltd`)
- **reserve under noncurrent** (`aq_reserve`)

## Warning timeline

| Quarter | Score | Flags that first fired | Flags that cleared |
|---|---|---|---|
| 2015-09 | 3 | losing money, expense ratio p90, NIM <2.5% |  |
| 2015-12 | 3 |  |  |
| 2016-03 | 5 | loans exceed deposits, capital falling |  |
| 2016-06 | 5 |  |  |
| 2016-09 | 5 |  |  |
| 2016-12 | 5 |  |  |
| 2017-03 | 3 |  | NIM <2.5%, loans exceed deposits |
| 2017-06 | 3 |  |  |
| 2017-09 | 3 |  |  |
| 2017-12 | 3 |  |  |
| 2018-03 | 0 |  | losing money, expense ratio p90, capital falling |
| 2018-06 | 0 |  |  |
| 2018-09 | 1 | capital falling |  |
| 2018-12 | 1 |  |  |
| 2019-03 | 2 | brokered >10% |  |
| 2019-06 | 2 |  |  |
| 2019-09 | 3 | reserve under noncurrent |  |
| 2019-12 | 3 |  |  |
| 2020-03 | 1 |  | capital falling, reserve under noncurrent |
| 2020-06 | 3 | loans exceed deposits, wholesale funding >15% |  |
| 2020-09 | 2 | capital falling, reserve under noncurrent | brokered >10%, loans exceed deposits, wholesale funding >15% |
| 2020-12 | 1 |  | reserve under noncurrent |
| 2021-03 | 1 |  |  |
| 2021-06 | 1 |  |  |
| 2021-09 | 1 |  |  |
| 2021-12 | 0 |  | capital falling |
| 2022-03 | 0 |  |  |
| 2022-06 | 0 |  |  |
| 2022-09 | 0 |  |  |
| 2022-12 | 2 | loans exceed deposits, deposits shrinking |  |
| 2023-03 | 0 |  | loans exceed deposits, deposits shrinking |
| 2023-06 | 1 | charge-offs p90 |  |
| 2023-09 | 0 |  | charge-offs p90 |
| 2023-12 | 0 |  |  |
| 2024-03 | 0 |  |  |
| 2024-06 | 0 |  |  |
| 2024-09 | 1 | reserve under noncurrent |  |
| 2024-12 | 0 |  | reserve under noncurrent |
| 2025-03 | 1 | loans exceed deposits |  |
| 2025-06 | 3 | noncurrent p90, reserve under noncurrent |  |
| 2025-09 | 2 |  | noncurrent p90 |
| 2025-12 | 2 |  |  |
| 2026-03 | 2 |  |  |
| 2026-06 | 2 |  |  |

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

- 2026-07-14 [Primary Bank to be Acquired by Mass. Bank - businessnhmagazine.com](https://news.google.com/rss/articles/CBMiiwFBVV95cUxNTDFTenBHRXpSdzFkajkwc19OVE5GdTM3RFpCRGRpazlWTnhUS2FPQkpTcHJFVDVBQ3YxQVlXaFo3V3VSckpjV1dKTTBxRlEyQ1R3d2h3TUNrRkhZbGVDMlFVdWRQeHdaZVNzOEY2aktRU0p5R3hncmY5Y3E2ZnJjcW5MakZ0Sk5sb19r?oc=5) · businessnhmagazine.com
- 2026-08-28 [Hometown Financial Group to acquire Primary Bank - nhbr.com](https://news.google.com/rss/articles/CBMiekFVX3lxTE8zQzN6eFlKckVkdDY3clBHRU9xb0dsaVRoYlRpVlJrYjQwYWl6VWZJRVY1bktoWGt3dkxwcFMyenI0OWN5UEVlY0xGQjQ1VW1YOGRKdVgzdzRxRFpqVjV5amZoNHltNHJUcFZvWXVzeUk3aUtKZjNHenNB?oc=5) · nhbr.com
- 2026-07-07 [Massachusetts lender to acquire NH bank for $160M - Banking Dive](https://news.google.com/rss/articles/CBMiiwFBVV95cUxPQmdMWF9sWUJLOEZWZThDemxRT1dqOXhGaldidkpqSDM1MGJmMTVKeUwydjJRVVhYa3E5MHI3U0FsejRDcDlpTjZUeWwwQ0NUUW14SS1FYXVhOXByRFloU2ktcXNBSnVNaXNLVzlXSzZOY19INWFfU28wRlhOODRLWnBNXy0zQzJiaGNv?oc=5) · Banking Dive
- 2026-07-09 [Hometown to buy New Hampshire's Primary Bank for $160m - FinTech Futures](https://news.google.com/rss/articles/CBMiggFBVV95cUxPdExlTXpJTXI5MWNDelNYZ1hPdEtkOFI2ci1qZmJSU3FWUHdRS0R3cWpXemRZdDdYVnNEd2JfMU5RZno1Q04td0tQQzNGMHdGcnF1OHV1dG9mVVM2djIyYnBYY0ltdFNIWlA5Wk1XX0daUU42U1NDdExEYU1OVUIzc293?oc=5) · FinTech Futures
- 2026-07-06 [Hometown Financial Group, Inc. Announces Agreement to Acquire Primary Bank and Plan for Mutual-to-Stock Conversion - PR Newswire](https://news.google.com/rss/articles/CBMi_AFBVV95cUxOU09pMFYwM24wT2xWTkNwaVJhNVY2UVR1X2JNdjdYcnh4UEVvMDJJN0M4S05hazMxbHZPQml1MnJFQ2RzNHNsSzcyLTN0bTFVZU9QTzVjQXRIWUlOSGR4TER2WjlWRzdlWFJZcFMzWENhOVdsLUtHcHI5U01jbmEySzhJU2dDNjNYb0kzTFJFNE40V1hQMUtqeXZ2NXg4ZHdwWUFLQkNBNXlQeVZfeklYb1hfMnVBRE16WVppV0toOFpYd0x0SUxNd1pKeVR2YXoySFpLYjRZQWU5OFJia3ZjVXhyR2ZwcGZydHFQWjk4LVNFLUlpZmVleDJweUo?oc=5) · PR Newswire
- 2026-07-15 [bankESB parent to expand into New Hampshire with new acquisition - Daily Hampshire Gazette](https://news.google.com/rss/articles/CBMioAFBVV95cUxQMTh0c3JMLU44dDNfYnpKclBqY0V4OUdWLTZLaG9mR3VTOVQ0ZG50bjZRZFFYcmhBek40NHZJYXBiQWFoVkh4QklPN1BvOHRkOWVZaGFBMkVyUllPN2dYLXBUd0Y3UzEtM3lXa21POHljZmhFemJCb2o0eFZxUE9CQTVrTFFWWk5jZFYwZTNJME1idHR5TkNFVTNLQUJXV1Fa?oc=5) · Daily Hampshire Gazette
- 2026-07-07 [Hometown Financial to buy Primary Bank, shift to stock structure - Yahoo Finance](https://news.google.com/rss/articles/CBMiogFBVV95cUxNNGlNWWpjMmJrZlk1cmJkNzIxcHZubDJIUzJCbUo4ZGxlUGgyOTFDZmlocFlFLUJnNkcwb2xUU1hDMHBianBrU0xKaDNBSzUzdnBZeWZjd08wSTVyN0R2T2U5cEdGSTlPaUQ1clBzWDJEOHE2LVhYZGt6dlZteDExUVhTV3pUNUZraGFHejR2LU9Xb2t3eGFHS0hYVy1iclBwaUE?oc=5) · Yahoo Finance
- 2026-07-07 [Hometown Financial Group To Acquire Primary Bank For $160 Million - Pulse 2.0](https://news.google.com/rss/articles/CBMijAFBVV95cUxOWGptNFdNOHVQc21Xb1FVbmVOLWRLa0pCRnNIVXM1aU5FZ0NJYVp0NzV2UVpPWDBVSHFmdV9WZ1NkVl9rdHZ2MVNkVml1UzNJVG1lcU1aSk9hdDhrbVV6SW1TQUk2VllKTmFMc3gwYmVXV3JwTnZZdzMtRWFia1pWS1ZvSUcwbEZqNEJWOdIBkgFBVV95cUxNT0FFeklGQW03czRjaEU1WUs1T3hSU2ZHaDBqSGtybzRNY2JsTGVrUkNhN0JSbzdFcEpsQjA5YjlzX0RkWGdZcGllb3lCS0FsVHZkT1NKTzFrdVJzQUx1ay02dmFSbHUwdHhCM3k2eGpfX0VXMGEyTVVORWd6V2IySy00WWVXdUNPcU5tSXczY0VDQQ?oc=5) · Pulse 2.0

## How to verify

- Page: https://getbookiq.com/bank-desk/#bank=59086 (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 "59086", 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.

---
Rendered 2026-09-10 from the desks' own data files. Full guide: https://getbookiq.com/guide