# GEORGETOWN BANK
GEORGETOWN, MA · FDIC certificate 90202 · 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 | $321.8M | |
| Deposits | $242.8M | |
| Loans and leases | $282.2M | |
| Total equity | $31.1M | |
| Loans / deposits | 115.14% (p98 of band) | 83.04% |
| Liquid assets / assets | 9.15% (p4 of band) | |
| Uninsured deposits / deposits | 16.97% (p36 of band) | 20.72% |
| Brokered deposits | 0.39% | |
| Wholesale funding | 14.52% (p81 of band) | |
| FHLB advances / assets | 13.86% | |
| Tier 1 leverage | 9.66% (p38 of band) | 10.16% |
| Unrealized securities loss / equity | -0.04% (p64 of band) | -0.46% |
| AOCI / equity | 0.12% (p32 of band) | |
| ROA (annualized) | 0.47% (p14 of band) | 0.90% |
| Net interest margin | 3.58% (p51 of band) | 3.57% |
| Efficiency ratio | 79.95% (p84 of band) | |
| Noncurrent loans | 0.33% (p29 of band) | 0.63% |
| Net charge-offs (annualized) | 0.00% (p46 of band) | |
| Reserve coverage of noncurrent | 284.70% | |
| Real estate % of loans | 92% | |
| Construction % of loans | 68.41% (p74 of band) | |
| Auto loans | $11,000 (0.00% of loans; DQ 0.00%, NCO 0.00%) | |
| Loans to nondepository financials | $0 (0% of equity) (p44 of band) | |
| Deposits YoY | 1.6% | |
| Employees | 49 | |

## Flags firing in the latest filing

- **loans exceed deposits** (`liq_ltd`)
- **liquid assets <10%** (`liq_thin`)
- **capital falling** (`cap_falling`)

## Warning timeline

| Quarter | Score | Flags that first fired | Flags that cleared |
|---|---|---|---|
| 2011-03 | 4 | loans exceed deposits, wholesale funding >15%, liquid assets <10%, construction >100% equity |  |
| 2011-06 | 3 |  | wholesale funding >15% |
| 2011-09 | 4 | reserve under noncurrent |  |
| 2011-12 | 3 |  | liquid assets <10% |
| 2012-03 | 2 |  | loans exceed deposits |
| 2012-06 | 2 | capital falling | construction >100% equity |
| 2012-09 | 2 | loans exceed deposits | capital falling |
| 2012-12 | 3 | liquid assets <10% |  |
| 2013-03 | 4 | wholesale funding >15% |  |
| 2013-06 | 3 | deposits shrinking | reserve under noncurrent, liquid assets <10% |
| 2013-09 | 3 | capital falling | deposits shrinking |
| 2013-12 | 4 | liquid assets <10% |  |
| 2014-03 | 4 | charge-offs p90 | liquid assets <10% |
| 2014-06 | 3 | liquid assets <10% | capital falling, charge-offs p90 |
| 2014-09 | 3 | construction >100% equity | liquid assets <10% |
| 2014-12 | 4 | liquid assets <10% |  |
| 2015-03 | 2 |  | construction >100% equity, liquid assets <10% |
| 2015-06 | 4 | liquid assets <10%, construction >100% equity |  |
| 2015-09 | 3 |  | construction >100% equity |
| 2015-12 | 3 | capital falling | liquid assets <10% |
| 2016-03 | 3 | expense ratio p90 | wholesale funding >15% |
| 2016-06 | 3 | liquid assets <10% | capital falling |
| 2016-09 | 3 |  |  |
| 2016-12 | 4 | capital falling |  |
| 2017-03 | 3 |  | expense ratio p90 |

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

- 2016-11-08 [Salem Five Bank Comes to NH - Business NH Magazine](https://news.google.com/rss/articles/CBMiekFVX3lxTFBLbXZuUGdwTGp2aE5qbGRsWC1zc3R5TGZMSnkwR0EyN2hGb3FTeXhwX1RpTnduREM4NmEzTXFualliekc3N3h2dmg1NVBhb0Q4NjRPRjBEZmRmQ3gyQ2JYMGNTQTlPVERRVWZFMUFaZmpHbnZVV0ExR29R?oc=5) · Business NH Magazine
- 2017-07-05 [Hood joins commercial banking team at NBT Bank - Foster's Daily Democrat](https://news.google.com/rss/articles/CBMirgFBVV95cUxPY2xtaDdfSm1SV0xVaEZ1T2ZJOEpSQ28wRmFTNkNOWXV0UVdWWVdVS2RBdlNoY2E3Y3JNWVc3dmIxV01KcF9RaU04TGlhYnozQ3pIdVBRNVJ1dDMwN2RxVVBOQkJDYTlyb19Ydi1oZFo1dXZKTTZaMVRlUEtzTXpOUEx1aVhJbkVtcDNSSXZHLW1jSko0NWV5U3V4M0lVVjFnQWpJc3hlNUk3alM1NXc?oc=5) · Foster's Daily Democrat
- 2017-08-16 [Capital One Café Coming to Georgetown - georgetowner.com](https://news.google.com/rss/articles/CBMinAFBVV95cUxQSHNfQ0paN19KbjZUVTgwSEpWZl9EY3NmQkxxNXhjOW0zM3JWRFpBWlVIYk5EUm54UnZaVklrb3dobFV6Zlo1SFBuRHNhSTgySzRKVEVvdWplMk9GUEVQZTEwRk4yQWQzSUZreDFxLUdFY016Z1NmLVoxcU9MZVhObkZOMlRrYTB6ZXNLTXBVcGw5VTRzUlUycmN0OHM?oc=5) · georgetowner.com
- 2017-09-29 [Georgetown bank teller stole $185,000 from homeless customer with garbage bag of cash - The Washington Post](https://news.google.com/rss/articles/CBMingJBVV95cUxPRzlOenFyNHZ3X2d1N0k5V1pFSC1HTkdXVEE5N0ZRckxuRnhobTJYd04zazVZbTlvcHZrYzg5cUN1Qm1WZGtpZnAyZ0l3Y1djSXZYMklhakFmd1NDenVCZFJRbzRXRnV3elowTWExMHZhVnc2SnVEQXZjcGhGTE93NHpRY19vVTZuaVVTZGg0UHJlN043UnhrWnl4RUs5WjB6TDh6aUl6WG9uWkxDbkVFY0M3WFNYT0QtR3g1dUN3Sy11RXhuUi01dVBwUXEtVGJSMlhDVDAtRGJSYUhTeDZEYWNoSnJlQUE5ci16Ynl4MHBQbnlsZ3gxZDFJeGhuc3ZnRWVRUnRmOWVQTEE4bVdkQ3FENjVhNEV6eXIyeVR3?oc=5) · The Washington Post
- 2016-10-06 [Salem Five to buy $300M bank, extend footprint northward - The Business Journals](https://news.google.com/rss/articles/CBMiogFBVV95cUxOQ09SXzBMNWdGNzZrWVh5clFFSlVRNHhvcjJZTFF6Tmk2dDBDdnc2UHhiakF5UVU2NmthWWx4elZ0YlZhMGREU1daaXlLNy1qTldxcnByRWlUSlVzckZWMkhRQkJpNVNXM3RXN2VNNFdBM3lGV25IdFhYS2hTb3ItV1NYQXBpSklUTloxNFQzRnpiZFZkWmkzTnJ3RVk1MFZxY2c?oc=5) · The Business Journals
- 2014-11-03 [GMHS student suddenly passes - Wicked Local](https://news.google.com/rss/articles/CBMiowFBVV95cUxNMmRFcDdueF9ITHZyZEVQQUhSSVRmdTMwc05LWUhrNFF5cktNTGY1LU8zS25NMnRrZ0d2UkNVQk9fMWxXRUx0NExDekFycFpZLVdtQktqdjB4RjZDaEJzbEQ1Mklzd2JYeUdEWEZ4bHItWjNnNUt4dWc4b2FTY3F4RmQzTWFYM3pGUVhuX1lTckJJdlNraWttR2xiTldURjJqTXYw?oc=5) · Wicked Local
- 2011-05-10 [Charges against two in bank robbery dropped - Eagle-Tribune](https://news.google.com/rss/articles/CBMi1AFBVV95cUxQYmZxWWoxQ1Y3d3VoRExpSmU1NWlMQWpfa1FvYVZoaGJKLVBRek45XzlzNjRpaFdGTllfN2VYVnU5eXU0TjNTeThNUjBwa0sySnJ0VElMSUxzbEdZVGZPTVc3aFVQVklFOFBiMDRqSnUzNTVyX2tpdFFYb3N4WE9xRi1QRlZySV9ZUzM1NWcxZHV4bzZlc3ZOWGlqMlJsY2lac2c3cGpXUFhzN3Iwc2poZWlScWxRU0NIcmN6SzI4VTdEMjZZeDRDZ0dpdjkwZWRJbVFUYw?oc=5) · Eagle-Tribune
- 2015-10-16 [Robert Morehouse Obituary (2015) - Georgetown, MA - Campbell Funeral Home - Gloucester - legacy.com](https://news.google.com/rss/articles/CBMihgFBVV95cUxNb0w2M2FDMnlEUXRpVVRTVC03NDdoT3NMZ0NERHBINERtNHJjN1ZXNGlRbTdkalNmVHYxWEQ0ckU5b1R2ckpYTFp1WTIyNzgwbWlPTi1tcVNNTnlMc0hwZGJSUzBNR0dkZGZCREVGT1pqWVpUTkFEZi1XY2xwRUM2MUE0cy1JUQ?oc=5) · legacy.com

## How to verify

- Page: https://getbookiq.com/bank-desk/#bank=90202 (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/26.json (key "90202", 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