# WALDEN MUTUAL BANK
CONCORD, NH · FDIC certificate 59289 · asset band <$300M · latest filing 2026-06 · live

**Verdict on the desk:** this could be *credit-stressed*. Composite score 4 (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 | $192.6M | |
| Deposits | $173.5M | |
| Loans and leases | $127.2M | |
| Total equity | $17.7M | |
| Loans / deposits | 72.83% (p49 of band) | 73.59% |
| Liquid assets / assets | 33.26% (p51 of band) | |
| Uninsured deposits / deposits | 15.67% (p34 of band) | 19.81% |
| Brokered deposits | 0.00% | |
| Wholesale funding | 0.00% (p23 of band) | |
| FHLB advances / assets | 0.00% | |
| Tier 1 leverage | 9.33% (p15 of band) | 11.76% |
| Unrealized securities loss / equity | -1.98% (p70 of band) | -6.57% |
| AOCI / equity | 0.00% (p78 of band) | |
| ROA (annualized) | 0.02% (p7 of band) | 1.17% |
| Net interest margin | 3.98% (p53 of band) | 3.93% |
| Efficiency ratio | 92.00% (p91 of band) | |
| Noncurrent loans | 3.50% (p94 of band) | 0.36% |
| Net charge-offs (annualized) | 0.12% (p88 of band) | |
| Reserve coverage of noncurrent | 19.59% | |
| Real estate % of loans | 37% | |
| Construction % of loans | 5.89% (p31 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 | 34.4% | |
| Employees | 24 | |

## Flags firing in the latest filing

- **expense ratio p90** (`earn_efficiency`)
- **noncurrent p90** (`aq_noncurrent`)
- **reserve under noncurrent** (`aq_reserve`)
- **uninsured deposits leaving** (`flight_uninsured`)

## Warning timeline

| Quarter | Score | Flags that first fired | Flags that cleared |
|---|---|---|---|
| 2022-12 | 4 | loans exceed deposits, losing money, expense ratio p90, NIM <2.5% |  |
| 2023-03 | 2 |  | loans exceed deposits, NIM <2.5% |
| 2023-06 | 3 | capital falling |  |
| 2023-09 | 3 |  |  |
| 2023-12 | 3 |  |  |
| 2024-03 | 3 |  |  |
| 2024-06 | 3 |  |  |
| 2024-09 | 5 | noncurrent p90, reserve under noncurrent |  |
| 2024-12 | 6 | charge-offs p90 |  |
| 2025-03 | 6 |  |  |
| 2025-06 | 5 |  | charge-offs p90 |
| 2025-09 | 5 |  |  |
| 2025-12 | 5 | charge-offs p90 | expense ratio p90 |
| 2026-03 | 5 | uninsured deposits leaving | losing money |
| 2026-06 | 4 | expense ratio p90 | capital falling, charge-offs p90 |

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

- 2026-01-24 [Opinion: Banking locally drives our local economy - Concord Monitor](https://news.google.com/rss/articles/CBMigAFBVV95cUxOa2s0eDFNdjVON1h2WXRFSzQtclBHWWI0eFpqRHR6bE5oMVlfbFY5V3hVaWx5dDg4SjFqZ1ZKeEVyWFA5bXUtVkZUbWhQZDl4S005VDlqdzZLUTNMbWZ6VW5Mb3k3RV9TbWdzdTc5dDB4aEdrQnhuUEU2Q2JSMElPaQ?oc=5) · Concord Monitor
- 2022-10-06 [FDIC approves first new US mutual bank in 50 years - Banking Dive](https://news.google.com/rss/articles/CBMiswFBVV95cUxOVE1YNXNST3N6LWUzVEtJNFJDZ3hxNktZcTFMeWE2TWRncTMySjlUM1hqV3dwWTJqQnlnYU9LWTVTT3VXRWQ0QzQzVmNhWWxpVFl5YlJnZVFtZkprb2dqQ1Rmay0xZk5lMExOUEpfcnZHT1FBV0Y0dm9qZXpuVHpJUWo5dUFuWFBGVkV3TWhXVlZRcVJzZGpKcEFab3Npa0RFT01HZVVObTJIa0NqLWhHSjJaWQ?oc=5) · Banking Dive
- 2021-09-13 [From Food To Finance: Walden Mutual Bank, Based In Concord, N.H., Lends To Farmers - New Hampshire Public Radio](https://news.google.com/rss/articles/CBMiuAFBVV95cUxOZ0hBc3g3T0hrRmVzZG84WHZabFpmRWpCRFRYelFVWkVJXzVVeC1IdmZpLVZobFhjYTg3dldra1dlb0lMOV9HOU9TTlRfOGZOYkt6TW93SFlvZW5oV0dhQWxweGhILXVpcmVhWk9mcm1McUlJQW5sRDVPLTgyWTREOEp0cjNNZ05DY055Rk8td1lrTzBFMHBmd3QzeXRDalVycnNOOG8yZXR4Rl9aZThjSENhbjRkRE9Y?oc=5) · New Hampshire Public Radio
- 2023-07-05 [How To Build a Bank To Scale Up Local Food Ecosystems - Next City](https://news.google.com/rss/articles/CBMikgFBVV95cUxPNkgxRjVKdzJ5ZjFvbXZySUhBTlRSbDR3dU5aeDNlai1nUGtvYmctakFHWWFwQ1JJcnNBQm1WeDZkSXYyV0dHZXJiY3p2UzlyZFhzRU9iTVJKMDVQdWFtZ1lib1RtZ3V6MjRqTUZHS1NPclRYcU5aLWlheDVKU0JNdmdzRGRFWm9lNEFOdlcyWVhrZw?oc=5) · Next City
- 2023-08-02 [A new mutual bank focuses on developing the region's agricultural ecosystem - WBUR](https://news.google.com/rss/articles/CBMihgFBVV95cUxPWFUzRjRabWRYZ2ZEN2ZPOTBwVUtXSUVVelBUUm5sN2RTczRnZnR6bHdiS0E2N2F1NGRIME1kVXlmWkpLSFh6dk5CWkF0X3I2ZDNRaVA4amxjSl9Vbng4NkRiUVJMV01hVHFRUkh2OUdHTW5LUEZCSFZFX0hrSXVKUmlyc0JxQQ?oc=5) · WBUR
- 2022-08-19 [Charley Cummings, Walden Mutual Bank: Sustainable lending for sustainable food - ImpactAlpha](https://news.google.com/rss/articles/CBMiowFBVV95cUxOVHF1WmVWVTdwUzhreFYzV21haVJwcTc1WmVvUFBDLVl2eklFTXRxdEUzZkN1NjlfZFZfbV8zRnZ1SHViUVdWZWRIYm5sME4wT2RKczFibUtYUzRCS0ttbTlVWXZ6ejR4QTBEVTFCSktyU0lPdG4wVU1RRmFyNWd6TU1oTlJ4QklMWGtOdmczY0YxdEpZVWR4MGRWeDlSZ2h4M0RF?oc=5) · ImpactAlpha
- 2022-10-11 [Walden Mutual Bank on Main Street set to open - Concord Monitor](https://news.google.com/rss/articles/CBMiigFBVV95cUxPYWVkRnVhUXdMcUJlajFVRHR3Vk1MSDFFTlNUcnE5RkJ3ek13VHh0VGJQSVdvYzVWamQ5ekh4NFB5d2NxMFFhSXJwTkZTVzl2bjF1aEdDLTk4WWpKX1RTdUtBU0pucThKN29RbkJxQzl4bHlpcFdJLVg1OXRScVFreDJWTUhZMkV3WlE?oc=5) · Concord Monitor
- 2022-10-07 [Walden Mutual Bank first of its kind in 100 years to open in Concord after FDIC approval - UnionLeader.com](https://news.google.com/rss/articles/CBMi-gFBVV95cUxQWUFYWUQyRkMxMk1RcTdnb2p3UGZjb3BJb2g0N3RaaC1vWkRrSUs4dzhRbDN2cTFDeUh4eFhjRUdvbWpLLTNUanVBSnNpc1Z5bDdpU1Z1WjNGQllabXRrcHdWanZITnA4R1NwRmZjNzN6RUVBRzB0dXB4MVZuRmQ3c051Y0RyZ0E4Z3JxYjBIc183dlpiYjlvajJiTkY5U1BNNnJDMnd3TmZ2enUyY0d3bjNYeUsxQy1qSnB3Vzg4WVpaeV9OVzJ1TmZGdjJBamYzcC14aWwxT09XSlZjV2pEeElsNHJTaDFiSDRQRFF4NkppVVdqUHRqeXlB?oc=5) · UnionLeader.com

## How to verify

- Page: https://getbookiq.com/bank-desk/#bank=59289 (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/25.json (key "59289", 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