# BUSINESS BANK THE
S BURLINGTON, VT · FDIC certificate 59298 · asset band $300M-1B · latest filing 2026-06 · live

**Verdict on the desk:** this could be *credit-stressed*. 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 | $352.2M | |
| Deposits | $310.8M | |
| Loans and leases | $237.3M | |
| Total equity | $39.2M | |
| Loans / deposits | 75.56% (p36 of band) | 82.04% |
| Liquid assets / assets | 32.17% (p69 of band) | |
| Uninsured deposits / deposits | 39.87% (p87 of band) | 25.97% |
| Brokered deposits | 10.46% | |
| Wholesale funding | 10.46% (p79 of band) | |
| FHLB advances / assets | 0.00% | |
| Tier 1 leverage | 12.40% (p73 of band) | 10.81% |
| Unrealized securities loss / equity | -2.80% (p74 of band) | -8.10% |
| AOCI / equity | -1.66% (p11 of band) | |
| ROA (annualized) | -0.33% (p2 of band) | 1.28% |
| Net interest margin | 3.04% (p11 of band) | 3.91% |
| Efficiency ratio | 99.39% (p98 of band) | |
| Noncurrent loans | 0.09% (p22 of band) | 0.43% |
| Net charge-offs (annualized) | 0.00% (p14 of band) | |
| Reserve coverage of noncurrent | 1169.67% | |
| Real estate % of loans | 83% | |
| Construction % of loans | 48.11% (p55 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 | 28.1% | |
| Employees | 34 | |

## Flags firing in the latest filing

- **brokered >10%** (`liq_brokered`)
- **losing money** (`earn_negative`)
- **expense ratio p90** (`earn_efficiency`)

## Warning timeline

| Quarter | Score | Flags that first fired | Flags that cleared |
|---|---|---|---|
| 2022-09 | 5 | loans exceed deposits, uninsured deposits >50%, losing money, expense ratio p90, NIM <2.5% |  |
| 2022-12 | 4 |  | loans exceed deposits |
| 2023-03 | 4 | capital falling | uninsured deposits >50% |
| 2023-06 | 4 | uninsured deposits >50% | NIM <2.5% |
| 2023-09 | 3 |  | uninsured deposits >50% |
| 2023-12 | 4 | uninsured deposits >50% |  |
| 2024-03 | 4 | NIM <2.5% | uninsured deposits >50% |
| 2024-06 | 6 | brokered >10%, wholesale funding >15% |  |
| 2024-09 | 4 |  | brokered >10%, wholesale funding >15% |
| 2024-12 | 5 | brokered >10% |  |
| 2025-03 | 3 |  | losing money, expense ratio p90 |
| 2025-06 | 3 | expense ratio p90 | capital falling |
| 2025-09 | 4 | losing money |  |
| 2025-12 | 2 |  | NIM <2.5%, brokered >10% |
| 2026-03 | 2 |  |  |
| 2026-06 | 3 | brokered >10% |  |

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

- 2025-10-21 [Bank of Burlington rebrands as The Business Bank, announces expansion - Vermont Business Magazine](https://news.google.com/rss/articles/CBMipAFBVV95cUxNMTVvNFV6S2t5dksyYXB2MjFQa3BBcGhMZ0NCcUR6SXdvdWMtWWNvRzllM1JRX2ZHZUFFSjgybVBXTlJ5RHNqZFZZRjE4M181V2hUSFo5bnNCa2ZEZUxVRGp1OGlkTE1MQWd4cU14Rm9CeDVzOHZXUDVHRHF5a2ZXamRmU1hDZ2x2VGkwT0Yxd1ZweUtQSExJOGJjaUZTSi1uS3pxOQ?oc=5) · Vermont Business Magazine
- 2026-04-13 [British government investor ups emerging VC fund commitment pace - New Private Markets](https://news.google.com/rss/articles/CBMioAFBVV95cUxPaFI0djFxQTJ2WFZpS1BDRktLcWN0OHA4bVZsd0NrVnppWEFhQzNOV1E2MmxqS0w1Zmo5SDdyR01IQkZCQ0JpanNWMWpkUmZLSG9ZdE56NkwxWXlDbzY4aEdYVXRzMWlZUVVNNmJ1UFJLMlFwRzZyT2JoQ0RuMDViS290SWVnMC0teW1CZF83X2xRVnloTTVXcTdFYnFheHA4?oc=5) · New Private Markets
- 2022-10-19 [John Antonucci Connects Startups and Small Businesses With Funding ­— and the Right People - Seven Days Vermont](https://news.google.com/rss/articles/CBMiygFBVV95cUxPeGRnckJCekZtc1JvTS1YZGxqc1BJSWJPVy1kY3BfR21lSFhNZTlyNEJFSjZzQnNXTTB5dWRqMjRZWFdIUkhpUEVNRTk4aklibzJKZGhFRi1LRjkyOWRBTHg0SWhZUzE2NmdMeG10ZTZwRnR4N3gwdVlELWtLcmxqNDBSRjdsNkt4Y0FNNGNCeF9oWmNjczVqTml4NXI1RXlOUVB4akNwU0RsY210eTdHcUlycFM3UUUwdE5uMWRrVXYxbkE2c0lZeUFR?oc=5) · Seven Days Vermont
- 2018-03-21 [Europe Boiler Market Size & Share, Statistics Report 2034 - Global Market Insights Inc.](https://news.google.com/rss/articles/CBMic0FVX3lxTE5YR19rNi1XUmFXeXZVV2xMQzN6TDhWMlh5OGxwQzZCNHl3d01DTUNkcHVOUVVBTUw4UWx6cE1pQ2dZemFVbEVEX3NxdXhBN2EtYzVhbEZOQnZrT29FMjBJcXI3NGZZUTJoTHFCRTRnV2lKUVE?oc=5) · Global Market Insights Inc.

## How to verify

- Page: https://getbookiq.com/bank-desk/#bank=59298 (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/34.json (key "59298", 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