# BLUE HILLS BANK
BOSTON, MA · FDIC certificate 90160 · asset band $1-10B · latest filing 2019-03 · stopped filing (departed)

**Verdict on the desk:** this could be *credit-stressed*. Composite score 5 (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 | $2.49B | |
| Deposits | $1.94B | |
| Loans and leases | $2.10B | |
| Total equity | $354.3M | |
| Loans / deposits | 107.19% (p92 of band) | 89.50% |
| Liquid assets / assets | 10.27% (p8 of band) | |
| Uninsured deposits / deposits | 37.30% (p75 of band) | 26.63% |
| Brokered deposits | 8.04% | |
| Wholesale funding | 13.76% (p73 of band) | |
| FHLB advances / assets | 5.01% | |
| Tier 1 leverage | 12.54% (p85 of band) | 10.25% |
| Unrealized securities loss / equity | -3.42% (p11 of band) | -0.59% |
| AOCI / equity | -0.02% (p3 of band) | |
| ROA (annualized) | -0.43% (p1 of band) | 1.16% |
| Net interest margin | 3.19% (p24 of band) | 3.61% |
| Efficiency ratio | 187.39% (p100 of band) | |
| Noncurrent loans | 0.50% (p52 of band) | 0.48% |
| Net charge-offs (annualized) | 0.00% (p34 of band) | |
| Reserve coverage of noncurrent | 166.77% | |
| Real estate % of loans | 85% | |
| Construction % of loans | 24.16% (p28 of band) | |
| Auto loans | $9.9M (0.47% of loans; DQ 0.90%, NCO 0.00%) | |
| Loans to nondepository financials | $10.0M (3% of equity) (p84 of band) | |
| Deposits YoY | -8.2% | |
| Employees | 233 | |

## Flags firing in the latest filing

- **loans exceed deposits** (`liq_ltd`)
- **losing money** (`earn_negative`)
- **expense ratio p90** (`earn_efficiency`)
- **deposits shrinking** (`shrink_deposits`)
- **assets shrinking** (`shrink_assets`)

## Warning timeline

| Quarter | Score | Flags that first fired | Flags that cleared |
|---|---|---|---|
| 2011-03 | 1 | NIM <2.5% |  |
| 2011-06 | 0 |  | NIM <2.5% |
| 2011-09 | 0 |  |  |
| 2011-12 | 0 |  |  |
| 2012-03 | 2 | expense ratio p90, NIM <2.5% |  |
| 2012-06 | 2 |  |  |
| 2012-09 | 3 | capital falling |  |
| 2012-12 | 3 |  |  |
| 2013-03 | 2 |  | capital falling |
| 2013-06 | 2 |  |  |
| 2013-09 | 4 | wholesale funding >15%, capital falling |  |
| 2013-12 | 4 |  |  |
| 2014-03 | 3 | losing money | NIM <2.5%, wholesale funding >15% |
| 2014-06 | 3 | wholesale funding >15% | losing money |
| 2014-09 | 0 |  | expense ratio p90, capital falling, wholesale funding >15% |
| 2014-12 | 0 |  |  |
| 2015-03 | 1 | expense ratio p90 |  |
| 2015-06 | 2 | capital falling, uninsured deposits leaving | expense ratio p90 |
| 2015-09 | 1 |  | uninsured deposits leaving |
| 2015-12 | 3 | wholesale funding >15%, uninsured deposits leaving |  |
| 2016-03 | 2 |  | uninsured deposits leaving |
| 2016-06 | 2 |  |  |
| 2016-09 | 2 |  |  |
| 2016-12 | 4 | loans exceed deposits, brokered >10% |  |
| 2017-03 | 4 |  |  |
| 2017-06 | 3 |  | capital falling |
| 2017-09 | 3 |  |  |
| 2017-12 | 3 |  |  |
| 2018-03 | 3 |  |  |
| 2018-06 | 3 |  |  |
| 2018-09 | 3 |  |  |
| 2018-12 | 4 | capital falling |  |
| 2019-03 | 5 | losing money, expense ratio p90, deposits shrinking, assets shrinking | wholesale funding >15%, brokered >10%, capital falling |

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

- 2016-09-24 [Blue Hills bank brings rebrand to the seaport - Boston Herald](https://news.google.com/rss/articles/CBMijwFBVV95cUxPN2V6dkI1X3FCOU1YMUxTb0hyNEJQVjRScE52Rkotc0hRYTFRVHZhVkh2SDdlcGEzNzJLSE1pbXE4OUJLWjY5Mkw4Nmt1NUVHZmloOC1GMEFVdlE0MnVrZDNkNmM5M2FHMzlhQUlLRFg4amQ0NVZqWmZmempzNFByWFRabUpkaGdvZlM1QzZxTQ?oc=5) · Boston Herald
- 2019-02-04 [The Seaport's Blue Hills Bank Pavilion has a new name - The Business Journals](https://news.google.com/rss/articles/CBMipwFBVV95cUxOVmJ4Rk52Wm9XMGdIUTdfb0o4allaM1F3UWdrWFRfcU5kRXl1NTZPaFpCdjg0VjNaX0xYcFBNUjhNWnZ2dFk1R0EyS1YzalFVekdrZGdMUWdLQjd0aXd5Sm1kOXlOVUNWMk1BN2NBREpZZWFuMm4xY1paWnJ1bS1EWUVOQXI5WDJWdjdaaGpnS3Y2cWRYR1UwUmhNaWd0RGN3aG5HdmdzYw?oc=5) · The Business Journals
- 2018-09-20 [Rockland Trust bulks up in Boston with Blue Hills deal - The Boston Globe](https://news.google.com/rss/articles/CBMiygFBVV95cUxPVVBIX3RUd2ZqS1BvSGVObG5xLWhaYk1RTjNkbFdxWUpFTEtTeEd5ek13bXNhSUtLV01CRnFJeHlSN1Bac0g5NmtEUzRlcVRzS0pGM3B4OGhYbUtUaEp1cGZlbVlxNFd0SExkM2ZOZEpBdDJnOElWbTNtNmdNdmg1WGtuYzhYU0dMR0tad2tNY0pCOHhZLXpJUUFHNmtDSlJmcFMzWFU1el8tckFTN0toNmRlSzJSZjAzOWxGWlE4TTBwY2xzVk50eV9R?oc=5) · The Boston Globe
- 2015-08-23 [Santana – Blue Hills Bank Pavillion, Boston, MA 8/18/15 (SHOW REVIEW/PHOTOS) - Glide Magazine](https://news.google.com/rss/articles/CBMiowFBVV95cUxPVW9MRU9mWEY2ZXRuQVlwMDIyeG5JejFDcjR2YldkUWdERDNUa3hyeEVtcjVCNGFCS2ZUdVB6ZDdacDZCRkhWclptaGxOa0pJbWJGZUZGVFRLVmJpclJaYW04b2MzYzZpaDk1ZjJRby1rSnpKMEsyTVRWU29naGlGSXhqd1dneS13Zm5sRldmLVFCUXduWEpyS29rTjZfbHBvR0dj?oc=5) · Glide Magazine
- 2015-09-10 [Faith No More and Refused live at Boston, MA’s Blue Hills Bank Pavilion - Invisible Oranges](https://news.google.com/rss/articles/CBMipAFBVV95cUxNY3g2OUNhTkZ1OHhuOWJnWGJ6UTBNb25GWEwtS200WFFEcUtDSTAwdVJqdlJsa19hdHY4Z1hkaWU3T2JpQS1qOFBMWHFWQkFpSFl0WnZaQTlBaTNrcHdELTNURHFkRDZ5S0dvWVNDUUNEMHY1WFZ5dmlQREJDZ0ZaTUFlT3dERnp0VlAxYUFvU1NuV1AxbmYxaDRsMHVIUlhJTUxCMA?oc=5) · Invisible Oranges
- 2019-06-07 [Blue Hills Bank Review - SmartAsset](https://news.google.com/rss/articles/CBMifkFVX3lxTE11ZFJWZTRrZlNUQmY4WllfbmMyQl84em1qN0FNNVFHM3FlaklpUkVza2lPMWhoRlhOelF5bXBJNDJNMXQyV3JBWkJ1MHFiYUVrTUo2UUdjNXZyWGRwOHlTWlBlV3Q2WUxYWWJ6YWtXakdWcXJiWlhLWFFBNFA5QQ?oc=5) · SmartAsset
- 2016-09-12 [The Lumineers at Blue Hills Bank Pavilion - Jambands](https://news.google.com/rss/articles/CBMikgFBVV95cUxNa3hVekExRTl6NTdZZUl1ckdoVmNOaEhVdjhCLXZEVGlzcjJyZlpYcTBtS2RTU01RS2hnci1LLTZZaEtYQ2lzbnM1cVlwTDlWR2RmRzNpUTFyVFlzSFVLZllIRnJNUUhZTE1jVUdYdjFkTXplRHoyWGxWTlN2S01DSW9GeWVOcncyRWN5T0lnS0tMZw?oc=5) · Jambands
- 2015-08-11 [Faith No More – Refused: Live At Blue Hills Bank Pavilion, Boston MA - Ghost Cult Magazine](https://news.google.com/rss/articles/CBMijwFBVV95cUxOZy1Yc3dSWk12c0ZTdVpUSzI0RjdGaV9DYndrVXBZRlVlNE9KTU13a2JSQkd5M3RJQWtKUGpkWnlMN091UVRjUzN4TE5zNlRBQThQWkRHeE15d1FFdG5YY0JyaU9HcVE4V3hDbW9FdHE4NVNTZURITkFKXzdXMGlRTDRUenJJRGlOR25Hbjh6OA?oc=5) · Ghost Cult Magazine

## How to verify

- Page: https://getbookiq.com/bank-desk/#bank=90160 (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/48.json (key "90160", 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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