# NORTH SHORE BANK OF COMMERCE
DULUTH, MN · FDIC certificate 8850 · asset band $300M-1B · latest filing 2026-06 · live

**Verdict on the desk:** this could be *ordinary*. 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 | $598.5M | |
| Deposits | $516.5M | |
| Loans and leases | $471.6M | |
| Total equity | $49.9M | |
| Loans / deposits | 90.72% (p72 of band) | 82.04% |
| Liquid assets / assets | 13.96% (p14 of band) | |
| Uninsured deposits / deposits | 13.27% (p9 of band) | 25.97% |
| Brokered deposits | 0.07% | |
| Wholesale funding | 3.67% (p51 of band) | |
| FHLB advances / assets | 3.61% | |
| Tier 1 leverage | 8.74% (p9 of band) | 10.81% |
| Unrealized securities loss / equity | -3.70% (p69 of band) | -8.10% |
| AOCI / equity | -0.89% (p26 of band) | |
| ROA (annualized) | 1.56% (p68 of band) | 1.28% |
| Net interest margin | 4.40% (p77 of band) | 3.91% |
| Efficiency ratio | 72.56% (p79 of band) | |
| Noncurrent loans | 0.14% (p28 of band) | 0.43% |
| Net charge-offs (annualized) | 0.00% (p29 of band) | |
| Reserve coverage of noncurrent | 448.58% | |
| Real estate % of loans | 91% | |
| Construction % of loans | 67.63% (p70 of band) | |
| Auto loans | $4.5M (0.94% of loans; DQ 1.21%, NCO 0.00%) | |
| Loans to nondepository financials | $0 (0% of equity) (p45 of band) | |
| Deposits YoY | 10.5% | |
| Employees | 129 | |

## Flags firing in the latest filing

- **capital falling** (`cap_falling`)

## Warning timeline

| Quarter | Score | Flags that first fired | Flags that cleared |
|---|---|---|---|
| 2011-03 | 1 | leverage <7% |  |
| 2011-06 | 2 | reserve under noncurrent |  |
| 2011-09 | 2 |  |  |
| 2011-12 | 3 | capital falling |  |
| 2012-03 | 2 |  | capital falling |
| 2012-06 | 1 |  | reserve under noncurrent |
| 2012-09 | 2 | reserve under noncurrent |  |
| 2012-12 | 3 | uninsured deposits leaving |  |
| 2013-03 | 1 |  | reserve under noncurrent, uninsured deposits leaving |
| 2013-06 | 2 | reserve under noncurrent |  |
| 2013-09 | 2 |  |  |
| 2013-12 | 2 |  |  |
| 2014-03 | 2 |  |  |
| 2014-06 | 2 |  |  |
| 2014-09 | 2 |  |  |
| 2014-12 | 2 |  |  |
| 2015-03 | 1 |  | reserve under noncurrent |
| 2015-06 | 1 |  |  |
| 2015-09 | 2 | reserve under noncurrent |  |
| 2015-12 | 1 |  | reserve under noncurrent |
| 2016-03 | 1 |  |  |
| 2016-06 | 1 |  |  |
| 2016-09 | 2 | reserve under noncurrent |  |
| 2016-12 | 2 |  |  |
| 2017-03 | 2 | capital falling | reserve under noncurrent |
| 2017-06 | 0 |  | leverage <7%, capital falling |
| 2017-09 | 0 |  |  |
| 2017-12 | 0 |  |  |
| 2018-03 | 0 |  |  |
| 2018-06 | 0 |  |  |
| 2018-09 | 0 |  |  |
| 2018-12 | 0 |  |  |
| 2019-03 | 0 |  |  |
| 2019-06 | 1 | capital falling |  |
| 2019-09 | 0 |  | capital falling |
| 2019-12 | 0 |  |  |
| 2020-03 | 0 |  |  |
| 2020-06 | 0 |  |  |
| 2020-09 | 0 |  |  |
| 2020-12 | 0 |  |  |
| 2021-03 | 0 |  |  |
| 2021-06 | 0 |  |  |
| 2021-09 | 1 | capital falling |  |
| 2021-12 | 0 |  | capital falling |
| 2022-03 | 0 |  |  |
| 2022-06 | 1 | capital falling |  |
| 2022-09 | 0 |  | capital falling |
| 2022-12 | 0 |  |  |
| 2023-03 | 2 | expense ratio p90, uninsured deposits leaving |  |
| 2023-06 | 1 |  | expense ratio p90 |
| 2023-09 | 2 | capital falling |  |
| 2023-12 | 1 |  | uninsured deposits leaving |
| 2024-03 | 2 | loans exceed deposits |  |
| 2024-06 | 2 |  |  |
| 2024-09 | 1 |  | capital falling |
| 2024-12 | 0 |  | loans exceed deposits |
| 2025-03 | 0 |  |  |
| 2025-06 | 0 |  |  |
| 2025-09 | 1 | capital falling |  |
| 2025-12 | 0 |  | capital falling |
| 2026-03 | 0 |  |  |
| 2026-06 | 1 | capital falling |  |

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

- 2026-02-25 [North Shore Announces Closing of $20.0 Million Subordinated Note Upsize and Extension - newswire.com](https://news.google.com/rss/articles/CBMipwFBVV95cUxNM2RYTTc5b1libXVxUzVlOE1IWlVVMTBJcmROZWVabTZzVmhzZWpJYkpJUmpxN1pITDdEeUF5LVBaVUtXV2xLWXd0LTh4cE5kQ2FpVnkzQkNkWkk0cEFldHBXanBNMU5iY0JiOFUyX2N5ZHpBZ3kzcEREVm5TMzFvY0Z6X3VtTEQtR0pERXl4dTY5dG5sT18yTWRnLTJiYzRoYXRyRXplVQ?oc=5) · newswire.com
- 2018-05-13 [Making plans for more good days: Johnson retires from North Shore Bank - Duluth News Tribune](https://news.google.com/rss/articles/CBMisgFBVV95cUxNOEtGSi1xTmNKLTc2bG1ZUjBNWjkyX1JnMGxTcnk2LThiUTh0SGJubHFTYjR1ekV4TWpxQUl5Z3VBTDhCSTJ5VXRMc3RKaU9RaXppVW1YMFFHS2JNOW5VVmRiUEZqLUlLblM1OExYSWdKdzlYck85Z1dyV0U1Zk0tMXhpRy0zeTZoRDlHMVBhM2g2WkxFMThKZTRGaERUZWNZRFlwZktDQ3FRLWRFelFtcnRB?oc=5) · Duluth News Tribune
- 2025-02-17 [Thomas "Tom" Dahlberg Obituary Feb 17, 2025 - Dougherty Funeral Home Duluth](https://news.google.com/rss/articles/CBMieEFVX3lxTFBTVFAwa3ZiZDdkMDlibjFDVHJ2TTBQeVN2clBBVTh3YlphUVZrLUR0RWl4NVE2QnJoUzVobUVuYlpjbXdLb3h2V1ZmT0xUcU81dWtfSUYtQXBoV1JNdTFsRkF1dHNqUjc0RTNidnM5bzRpRmhhNmxUTw?oc=5) · Dougherty Funeral Home Duluth
- 2026-07-30 [Christine Katherine Carlson - Legacy obituary](https://news.google.com/rss/articles/CBMihwFBVV95cUxPVFotRHhWR1oxdVhlMVdZMjF4cHNudlpzTXRjVTU5Q3lDN1RON3J5RjRwdVhmbERjMS1SYWFDXzFOSlI0bUNHMy1TVEQzUFl5SWpRZjNZSGdhanFYMzlWWmdWckxXSFo5STNoc1lKdXcxTUpCQVNsVTA2U2tZU0xsLWR5NE5sWkk?oc=5) · Legacy obituary
- 2016-08-04 [William Zelen Obituary - Duluth, MN - Dignity Memorial](https://news.google.com/rss/articles/CBMif0FVX3lxTFBQQ1h1RmZwMTExdWNjTGxKNS1UbGxrUkg3SjBNTHZOLU1WeG1LdjRqM1BnblA3RjZzckJWdlMyU1g5MzdVbkVRSGdwOHNYYUVzRzNLVzk5SWh1MUJ0cVVXNmJWajVqU2ctcVhtaDJPWl9yVE03OUlwTW1OcWJWaUU?oc=5) · Dignity Memorial
- 2013-04-10 [Duluth banker and business leader Fred Lewis dies at age 93 - Duluth News Tribune](https://news.google.com/rss/articles/CBMipAFBVV95cUxObFdDcC1WTi12YWxaclZOYkxUSHJLYVVjNmFEak9uWFF1RVFpenpjWUh4dWFMTDhwa25VNkNraHBvWmNDMDBpOHFqU0R3RHIxTHRycHJTc3lvU1JENlpSUnJtVjMyTmlvaExIRElKQVVjOVc1am1WUlZEUVJMcVRRMjRxUDRxTjZWcTh6RHBKQktOeDdRRWtrUC16eGRtakQ4QnplQQ?oc=5) · Duluth News Tribune
- 2013-04-10 [Fredrick Lewis Obituary Apr 10, 2013 - Dougherty Funeral Home Duluth](https://news.google.com/rss/articles/CBMickFVX3lxTE1pcDdBT3ZCMi1QTFVKRk5WZm50LWFMZnFIRlVJWm1zQ1hJQkE1WHlIcFhNa1YtNnZubmJQOEp2UjVTTGJaVC1ZZE5lX0JIOXgzSVgtZkx1Q0dLX2dWOWlOM3dBSDYyNGYyWVBaMllqWk4zZw?oc=5) · Dougherty Funeral Home Duluth
- 2009-06-27 [Koski, Johnson Wedding - Duluth News Tribune](https://news.google.com/rss/articles/CBMiZkFVX3lxTFAtQmh6ZGhqRl9ONHhrYWtkNm0zZmtGUTRZWksydnBpWXhMUVV2WHZIQU5EcGpCQUFYa0FMbTJSRmtrSHc2dW8xMGhycWdERlBBWmo4XzhkRFlzbFdkWkxOVjJ0d1hlUQ?oc=5) · Duluth News Tribune

## How to verify

- Page: https://getbookiq.com/bank-desk/#bank=8850 (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 "8850", 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