# DANVERSBANK
DANVERS, MA · FDIC certificate 90185 · asset band $1-10B · latest filing 2011-06 · stopped filing (departed)

**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 | $2.58B | |
| Deposits | $2.08B | |
| Loans and leases | $1.87B | |
| Total equity | $235.5M | |
| Loans / deposits | 89.12% (p75 of band) | 79.44% |
| Liquid assets / assets | 21.82% (p30 of band) | |
| Uninsured deposits / deposits | 28.72% (p79 of band) | 17.54% |
| Brokered deposits | 0.00% | |
| Wholesale funding | 8.41% (p44 of band) | |
| FHLB advances / assets | 6.47% | |
| Tier 1 leverage | 7.68% (p16 of band) | 9.28% |
| Unrealized securities loss / equity | -0.28% (p12 of band) | 2.76% |
| AOCI / equity | 0.27% (p27 of band) | |
| ROA (annualized) | 0.05% (p15 of band) | 0.72% |
| Net interest margin | 3.61% (p45 of band) | 3.67% |
| Efficiency ratio | 89.25% (p92 of band) | |
| Noncurrent loans | 0.51% (p9 of band) | 2.56% |
| Net charge-offs (annualized) | 0.16% (p30 of band) | |
| Reserve coverage of noncurrent | 194.08% | |
| Real estate % of loans | 66% | |
| Construction % of loans | 48.31% (p60 of band) | |
| Auto loans | $521,000 (0.03% of loans; DQ 6.14%, NCO 0.00%) | |
| Loans to nondepository financials | $0 (0% of equity) (p41 of band) | |
| Deposits YoY | – | |
| Employees | 367 | |

## Flags firing in the latest filing

- **expense ratio p90** (`earn_efficiency`)

## Warning timeline

| Quarter | Score | Flags that first fired | Flags that cleared |
|---|---|---|---|
| 2011-03 | 0 |  |  |
| 2011-06 | 1 | expense ratio p90 |  |

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

- 2009-06-17 [UPDATED: Beverly National Bank to merge with Danversbank - Wicked Local](https://news.google.com/rss/articles/CBMiqAFBVV95cUxNaEY1N0Y3TlZ0YmpDRGVrUGUtNFdxUjRoVFhDUGNhTkdTaG9adTI1Z1pRTHRqOUtaUHZ1dzFsenIzYmlYYW1OZ2lqUk1MN2MzNEEyN2FSZkJlWnF6dkh6YVFxdGZrRVhINUdNSm4zWlBVanc4TVZjU0wxZmt4Z0pqcEdIOEJKUFkxZTNuNkJMa3BFX3dFS2U3Ni11X25FRVVxcWRXbDBibnE?oc=5) · Wicked Local
- 2021-02-22 [People's United to be acquired by M&T Bank for $7.6B - The Business Journals](https://news.google.com/rss/articles/CBMimAFBVV95cUxQaFJjRmp3TnNneENnbFRhYkVFYkl5Z1JyZEs1VDBYVGRmWWwxU0RjeVJKNGpjM1BSLUxSRHVkMUJnLUp3WXF2elNVT2hwZ2tNazV1YjA1WV8zLXBLbVVlTEYwcG91QUJjbEU5bW56UjVITzZsTUp1WllQOVFiTzBIUUJkeFRzR0VRNzlfQkYxZzBaMHdrV2lwYw?oc=5) · The Business Journals
- 2020-12-02 [Radius Bank Announces Changes to Executive Leadership Team - Business Wire](https://news.google.com/rss/articles/CBMitgFBVV95cUxPa1Q3NmxGekttNzNWYzR5S25OTEd5Vkp1bkFIR3VxSVQ4V0NnUjlPOXVPaGNWSVU0cEkydUJHN3l0c0NxenlhZzFieUE4aFNVNS1pQk9IcFJMY1FSQkRoa25iZFowLUxEZUVDVF9JSUtrLXBXZXZWNm1BblAyU21GZDJkYUZaRDViZHpwaDY3S214Ui05S2tTTGMwY2tZWlJEZUwwM2VGXzZPS2RsNms1T2lONFdWZw?oc=5) · Business Wire
- 2011-03-21 [MICHAEL W. MCCURDY - Massachusetts Lawyers Weekly](https://news.google.com/rss/articles/CBMia0FVX3lxTFBzemUwb1dnT3dIandmeHVDS0ZlTnZ3VG5hZWR0R3l3bkRiMVJidTVaU1lldDVaWUhXcUZJWGpzY1NOeUFBamhHX3lld1hvNHBjdHlXbkRtUEZORG5Ea0FHMk01cUdNQmwwTUF3?oc=5) · Massachusetts Lawyers Weekly
- 2014-09-01 [Depositors reject local bank’s Wall Street plans - The Boston Globe](https://news.google.com/rss/articles/CBMi6AFBVV95cUxPbmZfcjhoT1ZjMjhwbEhvbjJqNU8yanExc2hXeThiSExBbnNOQTgwUE1xOFJnWjdwdjZacjJCTDFrUmhCZ0t0LUlsMHJpdUttNGZGblB0U29VUk9BNlowaERBdmJIeks4ZFJtekEyYnRfSzJVZ19sVUYwOG9HS2VoMEU0cDU3YkwtSFlyVmVYX0hFS0FCaTFRa0hTeVk3SWV0Z3I2cjFVUml4NF9vbFMtWWxmeTZHNXhZSjNLT3lqY2g4Y1F0OXl5Vk1zZWFGLW1zT3RfYjZOaFNEaVRCOC1Fc2Y2SzZheWtp?oc=5) · The Boston Globe
- 2011-01-31 [Bank practice of charging customers check-cashing fees, requiring thumbprint criticized as heavy-handed - masslive.com](https://news.google.com/rss/articles/CBMilwFBVV95cUxNT3pCbkRmOHRzamFwOGZUNEFYbDZ4aTV2cEVlbVJ5REVKbDZVaVN2bDZfUDhuUDRUc01GNnp6aVhoY0czRU9LWmpBYzN3ZXN1MFk2Vm9yNkVya25SRjdtY1pwRk50SUthdm5jbGN6bVpBNnQ2SVhJSnVxNUxwN2lpbTQ3MW5ZbXFtWFBYQ1B0bE16VEhRV1Rr?oc=5) · masslive.com
- 2024-06-04 [John Good Obituary - Essex, MA (1943-2020) - Lowell Sun](https://news.google.com/rss/articles/CBMiakFVX3lxTE9FLURBX1JBZmo3dDI2Sl92Zm5GRHZkSG5wcU5id2FMeVFhMUNubi1lVk54T1l0dGVYX0RYSEVHVnNIVDh6MUd5anE4OGNiODRVYU5OdHVHdS1iWlRIYkJQZzNMcVVCNll4dnc?oc=5) · Lowell Sun

## How to verify

- Page: https://getbookiq.com/bank-desk/#bank=90185 (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/9.json (key "90185", 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