# NORTH MIDDLESEX SAVINGS BANK
AYER, MA · FDIC certificate 90147 · asset band $300M-1B · latest filing 2017-03 · stopped filing (departed)

**Verdict on the desk:** this could be *funding-stretched*. 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 | $445.6M | |
| Deposits | $360.4M | |
| Loans and leases | $333.4M | |
| Total equity | $39.8M | |
| Loans / deposits | 91.53% (p71 of band) | 83.04% |
| Liquid assets / assets | 20.26% (p35 of band) | |
| Uninsured deposits / deposits | 13.53% (p21 of band) | 20.72% |
| Brokered deposits | 13.47% | |
| Wholesale funding | 22.04% (p93 of band) | |
| FHLB advances / assets | 8.56% | |
| Tier 1 leverage | 9.22% (p25 of band) | 10.16% |
| Unrealized securities loss / equity | 1.51% (p90 of band) | -0.46% |
| AOCI / equity | 0.26% (p48 of band) | |
| ROA (annualized) | 1.65% (p89 of band) | 0.90% |
| Net interest margin | 3.29% (p29 of band) | 3.57% |
| Efficiency ratio | 100.60% (p99 of band) | |
| Noncurrent loans | 1.02% (p69 of band) | 0.63% |
| Net charge-offs (annualized) | 0.09% (p82 of band) | |
| Reserve coverage of noncurrent | 102.03% | |
| Real estate % of loans | 91% | |
| Construction % of loans | 27.48% (p37 of band) | |
| Auto loans | $1.8M (0.54% of loans; DQ 1.49%, NCO 0.00%) | |
| Loans to nondepository financials | $0 (0% of equity) (p44 of band) | |
| Deposits YoY | 8.4% | |
| Employees | 83 | |

## Flags firing in the latest filing

- **brokered >10%** (`liq_brokered`)
- **wholesale funding >15%** (`liq_wholesale`)
- **expense ratio p90** (`earn_efficiency`)

## Warning timeline

| Quarter | Score | Flags that first fired | Flags that cleared |
|---|---|---|---|
| 2011-03 | 1 | reserve under noncurrent |  |
| 2011-06 | 1 |  |  |
| 2011-09 | 1 |  |  |
| 2011-12 | 1 |  |  |
| 2012-03 | 1 |  |  |
| 2012-06 | 1 |  |  |
| 2012-09 | 1 |  |  |
| 2012-12 | 1 |  |  |
| 2013-03 | 1 |  |  |
| 2013-06 | 1 |  |  |
| 2013-09 | 1 |  |  |
| 2013-12 | 2 | capital falling |  |
| 2014-03 | 2 |  |  |
| 2014-06 | 3 | wholesale funding >15% |  |
| 2014-09 | 2 |  | capital falling |
| 2014-12 | 2 |  |  |
| 2015-03 | 2 |  |  |
| 2015-06 | 2 |  |  |
| 2015-09 | 3 | brokered >10% |  |
| 2015-12 | 4 | capital falling |  |
| 2016-03 | 4 |  |  |
| 2016-06 | 3 |  | capital falling |
| 2016-09 | 3 |  |  |
| 2016-12 | 3 |  |  |
| 2017-03 | 3 | expense ratio p90 | reserve under noncurrent |

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

- 2016-07-13 [Marlborough and North Middlesex savings banks to merge; create $1B bank - wbjournal.com](https://news.google.com/rss/articles/CBMiogFBVV95cUxOaE9yNGh5WWw4UGlma0JqcDRuT2ZQYWhqN18zSlBLbzBIZXliQlVqZUhjcUZVdlRscG4wcWF5c3JuanV0MnJhSGpuXzRLTThMYmNsMWZOTV83RjVOX3ZxVmtvTFh6azBWYnJYcThQbkF6RndDZVdvYUNuMUV4aEtKazZIblFZUEZRbFZUN0F5ZzN4ZG82LXV3QkxyVDUyank0bFE?oc=5) · wbjournal.com
- 2017-02-08 [Marlborough, North Middlesex banks pick new name after $1B merger - wbjournal.com](https://news.google.com/rss/articles/CBMimgFBVV95cUxPVHJJRnpGZFQwTFgzQUpScWp6RDQ5ZTd5bW1YZ3ZsM2Qyd25yb3pwQTI4SDNWNi1obHk4ZzQxWS1VQkdmbnlndjFJVThmb0M5WWpIcnp2YnhsWnNDZXV5bV9DOHR0bUYtYWdrdXpQR2w2Qk5Md3htMjR1Tms4R3o2Z25aaVJuR2hfUE5yQzEtLUYtSGE4M1F0ZEZB?oc=5) · wbjournal.com
- 2010-01-29 [Massachusetts - Department of Justice (.gov)](https://news.google.com/rss/articles/CBMiiAFBVV95cUxPU2hrSUNONHNtbTdVVmtLS0NZOGFkSzBFdXlhUFEzU3dUUUE4TzljSXlReVJTamhqMVdLak5neUstWGNKZ054bmlqQmhjNnNEYjlfdHpSdjVNVUZMMEhJUmtwcEY5NFB2d05CTE1NUlphY3VzOUZ3Z0pmNDJLSXRTeVpwcHhObFF2?oc=5) · Department of Justice (.gov)
- 2024-06-08 [Kelly Partridge Obituary - Lowell, MA (1977-2022) - Lowell Sun](https://news.google.com/rss/articles/CBMic0FVX3lxTE9FRDlQNjQ4TXI3TXkxME1iMmZXVHhtTzYyS0ZKUjBtZ2x5a19lQ21ITXlWS1lxcC16WGsyNTRSdGVDbWVpLWNFX29UaDk5bi10MG40NUZxNF9qdzExcDNVWE1MS1FFLTZTLTZMb3RaU1FrMFE?oc=5) · Lowell Sun
- 2017-04-04 [Main Street Bank now official - wbjournal.com](https://news.google.com/rss/articles/CBMibEFVX3lxTE51dzJGZFV1dm1ZZVFmZEM1YXl3eFQ4ZW5YdjlRYlMybmFTbDNZOU9XbXpYV1poNjBHelhpcVJZYnN2VEZMR08zS19DUWgwZzZNN1hVX2lzV2VoNGhKVUtXbldJMFgyTXFtUEowSA?oc=5) · wbjournal.com
- 2006-10-30 [Aubuchon Co. buys restaurant - sentinelandenterprise.com](https://news.google.com/rss/articles/CBMiXkFVX3lxTE5UNlp4RXUyVGtfczZHVjNSb3hwYm1sNFAxSU5TRW02NXFBNnZ1WE5aYXROY1ROdk16MlFiVzc3Q2xqckxVQ0dJY0hZLUtJc1EzUVJmeUZRR2JXVFZXX0E?oc=5) · sentinelandenterprise.com
- 2021-10-15 [Hubert Barnes Obituary (2006) - Lunenburg, MA - Sentinel & Enterprise - legacy.com](https://news.google.com/rss/articles/CBMijgFBVV95cUxOY3k3VnA5WGdTNTU5S2s3RjRsNzJMUVo3aGZkS3gzQ0UyQzkxSGdRTkhMOTdzR25NcXdaa1ZzZV8wbHNBaVdibS1IeF9yZUJkYjBWNjdWWVFZT3hsQnlOT2dxRVFHVzNZQWcxbG1vNFQ5bV93eXlUWFFSc19semRWdVJyUTV6d2dWbVhrTFdB?oc=5) · legacy.com
- 2024-05-26 [Justin Maynard Obituary - Groton, MA - Lowell Sun](https://news.google.com/rss/articles/CBMib0FVX3lxTFBuTzhFSXdDMUtZV21ZSXhJRkJ2M1lEbWlMOTk4aDA2N0F6NThwVHh2SUlmUEdvOF9hU1NLNU1oVU1IWXpmLU4zeHpPLVZOMkZWTmJ3czlCWlY5cHlySV9NMUFvWFVreVBNQ3MwSEVldw?oc=5) · Lowell Sun

## How to verify

- Page: https://getbookiq.com/bank-desk/#bank=90147 (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/35.json (key "90147", 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