# MIDDLESEX SAVINGS BANK
NATICK, MA · FDIC certificate 90183 · asset band $1-10B · latest filing 2026-06 · live

**Verdict on the desk:** this could be *ordinary*. Composite score 0 (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 | $6.15B | |
| Deposits | $5.18B | |
| Loans and leases | $3.79B | |
| Total equity | $808.0M | |
| Loans / deposits | 72.54% (p20 of band) | 87.10% |
| Liquid assets / assets | 33.05% (p81 of band) | |
| Uninsured deposits / deposits | 22.40% (p22 of band) | 30.76% |
| Brokered deposits | 0.00% | |
| Wholesale funding | 2.10% (p30 of band) | |
| FHLB advances / assets | 0.03% | |
| Tier 1 leverage | 13.44% (p88 of band) | 10.50% |
| Unrealized securities loss / equity | -7.32% (p52 of band) | -7.75% |
| AOCI / equity | -0.62% (p29 of band) | |
| ROA (annualized) | 0.72% (p16 of band) | 1.26% |
| Net interest margin | 2.72% (p8 of band) | 3.70% |
| Efficiency ratio | 68.19% (p75 of band) | |
| Noncurrent loans | 0.33% (p35 of band) | 0.51% |
| Net charge-offs (annualized) | 0.01% (p34 of band) | |
| Reserve coverage of noncurrent | 271.31% | |
| Real estate % of loans | 93% | |
| Construction % of loans | 33.36% (p34 of band) | |
| Auto loans | $367,000 (0.01% of loans; DQ 0.00%, NCO 0.00%) | |
| Loans to nondepository financials | $0 (0% of equity) (p35 of band) | |
| Deposits YoY | -1.1% | |
| Employees | 490 | |

## Flags firing in the latest filing

- none

## 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 | 0 |  | reserve under noncurrent |
| 2013-03 | 1 | reserve under noncurrent |  |
| 2013-06 | 0 |  | reserve under noncurrent |
| 2013-09 | 0 |  |  |
| 2013-12 | 0 |  |  |
| 2014-03 | 0 |  |  |
| 2014-06 | 0 |  |  |
| 2014-09 | 0 |  |  |
| 2014-12 | 0 |  |  |
| 2015-03 | 0 |  |  |
| 2015-06 | 0 |  |  |
| 2015-09 | 0 |  |  |
| 2015-12 | 1 | capital falling |  |
| 2016-03 | 0 |  | capital falling |
| 2016-06 | 0 |  |  |
| 2016-09 | 0 |  |  |
| 2016-12 | 1 | capital falling |  |
| 2017-03 | 0 |  | capital falling |
| 2017-06 | 0 |  |  |
| 2017-09 | 0 |  |  |
| 2017-12 | 0 |  |  |
| 2018-03 | 0 |  |  |
| 2018-06 | 0 |  |  |
| 2018-09 | 0 |  |  |
| 2018-12 | 0 |  |  |
| 2019-03 | 0 |  |  |
| 2019-06 | 0 |  |  |
| 2019-09 | 0 |  |  |
| 2019-12 | 0 |  |  |
| 2020-03 | 0 |  |  |
| 2020-06 | 0 |  |  |
| 2020-09 | 2 | capital falling, reserve under noncurrent |  |
| 2020-12 | 3 | expense ratio p90 |  |
| 2021-03 | 4 | NIM <2.5% |  |
| 2021-06 | 4 |  |  |
| 2021-09 | 4 | noncurrent p90 | capital falling |
| 2021-12 | 3 |  | noncurrent p90 |
| 2022-03 | 2 |  | reserve under noncurrent |
| 2022-06 | 3 | securities losses >30% of equity |  |
| 2022-09 | 3 | AOCI drag >20% of equity | expense ratio p90 |
| 2022-12 | 3 |  |  |
| 2023-03 | 3 | deposits shrinking | AOCI drag >20% of equity |
| 2023-06 | 4 | uninsured deposits leaving |  |
| 2023-09 | 5 | expense ratio p90, construction >100% equity | uninsured deposits leaving |
| 2023-12 | 4 |  | deposits shrinking |
| 2024-03 | 2 |  | securities losses >30% of equity, construction >100% equity |
| 2024-06 | 3 | charge-offs p90 |  |
| 2024-09 | 3 |  |  |
| 2024-12 | 2 |  | charge-offs p90 |
| 2025-03 | 2 |  |  |
| 2025-06 | 1 |  | expense ratio p90 |
| 2025-09 | 1 |  |  |
| 2025-12 | 1 |  |  |
| 2026-03 | 0 |  | NIM <2.5% |
| 2026-06 | 0 |  |  |

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

- 2026-06-08 [2026 Power 100: Dana Neshe - wbjournal.com](https://news.google.com/rss/articles/CBMiZ0FVX3lxTFAycFJTM0lWczdWY0tPYml4eng0SHgxQXEtaU9leksxRm9RakNLVmdsOHU2TjZjWjBuVTk1X2FvczBaV1dlMTM3Uk9YVkFJRVZEb2xDZjlETXFla1dRdFNrMkh1U0k3bGc?oc=5) · wbjournal.com
- 2026-07-16 [Middlesex Bank Boosts Medway Food Pantry - Franklin Observer](https://news.google.com/rss/articles/CBMipgFBVV95cUxNZk1aZlJpUzZiYWtuVV9XSHc3Q2ZZTndPWUZiT1h6LVl6N1BfdzdkOURKR3UyemhjODA0c0wtRFZPWkQxZE1vX1lpMm9wQnQ1UGV5Nm9qTl8xN0hZMWt1QmIzc21CTV9QSm1GdnlSMDRfUTFCR09OeTZZYXJXYjcyNm9yMVUza0daNXlkejBmM1d3UWVCbmRQbm5sbnhGUlpVNTAzYWZR?oc=5) · Franklin Observer
- 2016-08-14 [Local residents promoted by Middlesex Savings Bank - Worcester Telegram](https://news.google.com/rss/articles/CBMixwFBVV95cUxOeWRWdTRiaElxNVhvUURTMXEzZzNZcWFSZ2ZROUdjdWtZazMxbHo0eHFham1UVFFrY3F2QnNDd1EydVVaOGw0OGhaS192QUZ2b1g2S1dQYjB4M2VNYlUtcFppZFItby1TamtyVXUtWU8zbzFzdVFOb09ydExJRDFka1h0OGxKY0kzOC1rSi15c19WU3Q4YzlGQ3hST0xBM1BlekQwNVFwZjF4bTgtcVRwMVdPUEVEenk3RnJZSk1TcU43bDBacXgw?oc=5) · Worcester Telegram
- 2022-11-20 [Middlesex Savings Bank Unveils Newly Renovated Concord Branch - Associated Construction Publications](https://news.google.com/rss/articles/CBMipAFBVV95cUxOTXlrZ21IMzR6THZ4dUJlMnc4Z1VsdTh6cHh5a3JqRksyb2ZSb1U2YnpJOGUwUFRxa1NDTFd6QUdRSDJGRGVRbVphS0Q2a3A0ZHhLYnJidEJUUXBwWVBLbmFsaFVjWFJwVGc2NUdOWTVOYUZyWXBMZ2pMUExzTFZiVlVtZDFTOGdPaElkN3JaSlpzTzBKNVgxRGg2d2pPV2RHeDd5cw?oc=5) · Associated Construction Publications
- 2023-04-27 [Middlesex Savings names a woman to be CEO starting in 2024 - The Business Journals](https://news.google.com/rss/articles/CBMilwFBVV95cUxOMy1ZSF9Wd0xPamFmdG5HeFE1UThaNXJQWndKQklFc0l0S1l2Qjc3X0JCSTVMRHZkUFdJZ21RLTNKalhFbDJtcUZtaUVSaHZINGNwZ1Q2SVhHbVNBbU1RekxQSlZ1dWh6OGpEOTFmT2dfemE0cEtKdE03ak9GS1pYeWZkU1dtTGJTblUxczZjdVhDYW9WLVhR?oc=5) · The Business Journals
- 2016-06-05 [Middlesex Savings Bank finances new residential construction projects - MetroWest Daily News](https://news.google.com/rss/articles/CBMisAFBVV95cUxOTWNyQk05RUpMLS1JOXBGMWZvWmRxeVlub3dCVWR6VlZlMzVxR2NYZHp5VnpfX2Qwd0NPbkdib3FBWXRNa0hNWXY0Sjh1YU5ISFBaYk43dEJseDR1M3JDamdJQWRzTW9NcU01LV90cERDb25jMHF0YXZoY2h4YVgzVVVPYXRoaG05TVJYZDRVOG82RGotMjFYVDhRdUNrWWZ2YTc0SjVERmFXY0dLeU9WbA?oc=5) · MetroWest Daily News
- 2018-01-02 [Best Banks in Massachusetts - Yahoo Finance](https://news.google.com/rss/articles/CBMiekFVX3lxTE1JbHVmRnhHak9nNTlzd2hzUHRFT0JXdTZoLVdtUlZxSjVkdGN0ek5BMzhBcXhxUmgza0wxQVlITmFlOTNLSXpfTGJreDRxVFdQQWFRR2ZjQ1JiOENpdnJkRUN6TzloVDd3WkZwcXZPRVQybnZjU3RHWlRB?oc=5) · Yahoo Finance
- 2020-07-31 [Middlesex Savings Bank Expanding To Hudson - framinghamsource.com](https://news.google.com/rss/articles/CBMimAFBVV95cUxPV2dZT3RSWExFZXFtdG1EYTVWYlUtWW5RenZnM05sM0dEakhIOFg1RF8wNTFUWGRHc2FaZWxTNVlSLXZhbDBkSUUxT2U1cGlUMmd4aXhuenpwc1YzWEFVR2FIQ2tIQ09OWm5PbmhmN091SEZvWGN1V0dMNm54LU1yaWJOck0ydFhBUGJmR0VGOGlNVmxjdUZoSA?oc=5) · framinghamsource.com

## How to verify

- Page: https://getbookiq.com/bank-desk/#bank=90183 (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/7.json (key "90183", 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