# PIERMONT BANK
NEW YORK, NY · FDIC certificate 59154 · asset band $300M-1B · latest filing 2026-06 · live

**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 | $505.1M | |
| Deposits | $386.4M | |
| Loans and leases | $324.7M | |
| Total equity | $58.6M | |
| Loans / deposits | 83.31% (p54 of band) | 82.04% |
| Liquid assets / assets | 33.03% (p72 of band) | |
| Uninsured deposits / deposits | 63.07% (p99 of band) | 25.97% |
| Brokered deposits | 9.83% | |
| Wholesale funding | 19.73% (p93 of band) | |
| FHLB advances / assets | 9.90% | |
| Tier 1 leverage | 12.70% (p76 of band) | 10.81% |
| Unrealized securities loss / equity | -9.82% (p44 of band) | -8.10% |
| AOCI / equity | -0.78% (p30 of band) | |
| ROA (annualized) | -1.96% (p0 of band) | 1.28% |
| Net interest margin | 2.27% (p2 of band) | 3.91% |
| Efficiency ratio | 159.07% (p100 of band) | |
| Noncurrent loans | 0.00% (p4 of band) | 0.43% |
| Net charge-offs (annualized) | 0.29% (p93 of band) | |
| Reserve coverage of noncurrent | – | |
| Real estate % of loans | 85% | |
| Construction % of loans | 0.00% (p2 of band) | |
| Auto loans | $0 (0.00% of loans; DQ –, NCO 0.00%) | |
| Loans to nondepository financials | $24.6M (42% of equity) (p99 of band) | |
| Deposits YoY | 2.4% | |
| Employees | 48 | |

## Flags firing in the latest filing

- **uninsured deposits >50%** (`liq_uninsured`)
- **wholesale funding >15%** (`liq_wholesale`)
- **losing money** (`earn_negative`)
- **expense ratio p90** (`earn_efficiency`)
- **NIM <2.5%** (`earn_nim`)
- **charge-offs p90** (`aq_nco`)

## Warning timeline

| Quarter | Score | Flags that first fired | Flags that cleared |
|---|---|---|---|
| 2019-09 | 4 | uninsured deposits >50%, losing money, expense ratio p90, NIM <2.5% |  |
| 2019-12 | 5 | loans exceed deposits |  |
| 2020-03 | 7 | brokered >10%, wholesale funding >15%, capital falling | loans exceed deposits |
| 2020-06 | 7 |  |  |
| 2020-09 | 6 |  | NIM <2.5% |
| 2020-12 | 6 |  |  |
| 2021-03 | 5 | NIM <2.5% | brokered >10%, wholesale funding >15% |
| 2021-06 | 5 |  |  |
| 2021-09 | 4 |  | capital falling |
| 2021-12 | 4 |  |  |
| 2022-03 | 3 | capital falling | losing money, NIM <2.5% |
| 2022-06 | 3 | losing money | capital falling |
| 2022-09 | 4 | brokered >10% |  |
| 2022-12 | 6 | wholesale funding >15%, capital falling |  |
| 2023-03 | 6 |  |  |
| 2023-06 | 6 |  |  |
| 2023-09 | 6 |  |  |
| 2023-12 | 7 | noncurrent p90, reserve under noncurrent | losing money |
| 2024-03 | 6 |  | expense ratio p90 |
| 2024-06 | 6 | expense ratio p90 | capital falling |
| 2024-09 | 7 | uninsured deposits leaving |  |
| 2024-12 | 9 | losing money, deposits shrinking |  |
| 2025-03 | 12 | NIM <2.5%, charge-offs p90, assets shrinking |  |
| 2025-06 | 12 |  |  |
| 2025-09 | 11 |  | uninsured deposits leaving |
| 2025-12 | 8 |  | noncurrent p90, reserve under noncurrent, deposits shrinking |
| 2026-03 | 7 | capital falling | charge-offs p90, assets shrinking |
| 2026-06 | 6 | charge-offs p90 | brokered >10%, capital falling |

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

- 2026-03-20 [Piermont hires Day, ABA's fraud directory goes global - American Banker](https://news.google.com/rss/articles/CBMinAFBVV95cUxPNFZHTHJMRm9VeXBaTlVtekNIaHd4b2tBV0oxb3FYSmlQQVdXM2trWldTYVlkdldaR0RpVDY5aDlUS0ZNZWxXR25NNFYyYU9DS1B3RXBOLWtXejZjLXQ0QmVQb2pKNjFMc3kxMWhwWHpsQll6M2VXSHFmVl9DR3NXNjh2TTlhZ09OR0RSQjI5Rzdlc2I5aU9EX3JsUXk?oc=5) · American Banker
- 2024-04-01 [Piermont, Sutton banks hit with FDIC consent orders over BaaS - Banking Dive](https://news.google.com/rss/articles/CBMitgFBVV95cUxOVTBwakRfSjk3MkNMZG1yRVQ1R3VxZ0lkdVJsdjA2RS1wS0VTTUl4TWkwRm9xODk4NjhOTnNHNkptRXRjM0doeGQ3OXJjWjAySDZxc0NXdm1NUUpPT2lQZVJURnVZeDM4M3VMOVhybzF4YTJrMEUya0lhSGw4RWhwZ0Z4MGE4UWRfOVNfM2tsd3ZSb2pYR3NQb21qbFI4V2U0ejYyajF6OEMxTHdFbGVPVWRBSDd1QQ?oc=5) · Banking Dive
- 2026-07-06 [Piermont Bank lands strategic backing from Pegatron's venture arm - Dealroom](https://news.google.com/rss/articles/CBMioAFBVV95cUxQeWRRZTdCWHRNQ3UwTV9FbVhJZWo1dmhpX1ppVGxMMVhOSDFab1lNRVBqaFRxZmhhcG5rYXhfcVVfWDkxT3BHQVVUYmptb0pjX2ZRSWFkYzY4ekdnVlQwTkZYUmc2Q1lPZjF1ajFoZzRlX2ZDNzVmdGJodEFSc29KS2lzOW14YXR3dzlOTG5DWERCdXdOTWFoRDU2Qlo5VDM2?oc=5) · Dealroom
- 2019-07-17 [City's first new bank in 11 years opens - Crain's New York](https://news.google.com/rss/articles/CBMif0FVX3lxTE5SVTFFU1V3bG9wVDM2MU93UXVyQ090aGNFUS00b2JIVzVDNF9ZSERfRDJNaXJaczBpbmZvSjRzSURSb0FFQjVqSEpzMHExeExRbExsWkRsZDBYcDVWSGpMc0l5c1ZONG5MUm1OaThLZ1piMkRua3lNeTZlM3hwVzQ?oc=5) · Crain's New York
- 2021-10-04 [Wendy Cai-Lee, Piermont Bank President & CEO, discusses the current state of CRE lending - The Business Journals](https://news.google.com/rss/articles/CBMipAFBVV95cUxNSzNxS3ZDYzY3TjNmTG5tYmZzX0hxZjJMcW5XZnB3UkVOZXNFTXlDQ1NqUXlTZVRKZXB6RF9tZlZzelNmWGRocHJGZ0EwMnM5amh2QWk5bklkOHFTaFVqY09IeFdIb3liTlZmdDkzU1ZRcFN5UnJRS3Q0dnBUVWJBZnc2YlVGZ0kxN0wyVmFRbjMxZkFjQ1Y0d1RseDdGc0dNSm5WQw?oc=5) · The Business Journals
- 2025-09-24 [2025 The Most Powerful Women to Watch, No. 10, Wendy Cai-Lee, Piermont Bank - American Banker](https://news.google.com/rss/articles/CBMiqwFBVV95cUxNN0x0dExwNlBrOEFrbkxOWEpYcGoxRmtHeFZQZDhZZ3JubGM3Z0c1UUJodnBLLUEza2JoWVRvYUx3UkZEd1NDcjZ0M0xwdUFtcHlBUjNqdDhuM0ktM0ljRlFLWWJpcEVxb3FSUDBFSW9uY3dNTTUwSGFiY0xLZ01RMGRpbjJsY1RULTZ3dzNjdVpibkxQVURTMzBGWk5tUHlYTGlRVHQ1aVkyUDQ?oc=5) · American Banker
- 2020-06-02 [Rynarzewski and Gladstone of Piermont Bank place $8 million for Nassi of Buchanan Development - New York Real Estate Journal](https://news.google.com/rss/articles/CBMiQ0FVX3lxTFBiM19xaUh5TmxNT3BKZ1I3TWN0cHh2SmhlWDg5YW1SYTJxZ3luT01ud2VrR3lXcTVOWWsyVkpSM1pGVE0?oc=5) · New York Real Estate Journal
- 2025-09-10 [The Most Powerful Women in Banking NEXT No. 8, Wenni Wu, Piermont Bank - American Banker](https://news.google.com/rss/articles/CBMifkFVX3lxTFBKVDlpY3R2RzExQmZ4Z2Z1TzdabGJGQW5rLWxyTlhyYVpaaEVod2FKWUFZRDhKUEx3MGs1eDREM2l4N1NGVV80eGJIU0d2N0tmcC1pWkxhQ0hrWWNoaWh1dGtvSmkyVW4xbXF2Nl9WTkx4M2VRWWJ3ZWVaMVp6dw?oc=5) · American Banker

## How to verify

- Page: https://getbookiq.com/bank-desk/#bank=59154 (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/18.json (key "59154", 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