# WASHINGTON SAVINGS BANK
LOWELL, MA · FDIC certificate 90229 · asset band $300M-1B · latest filing 2026-06 · live

**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 | $302.3M | |
| Deposits | $249.3M | |
| Loans and leases | $236.7M | |
| Total equity | $29.3M | |
| Loans / deposits | 94.35% (p80 of band) | 82.04% |
| Liquid assets / assets | 15.76% (p18 of band) | |
| Uninsured deposits / deposits | 14.93% (p13 of band) | 25.97% |
| Brokered deposits | 3.06% | |
| Wholesale funding | 10.26% (p77 of band) | |
| FHLB advances / assets | 7.19% | |
| Tier 1 leverage | 9.65% (p26 of band) | 10.81% |
| Unrealized securities loss / equity | -6.21% (p56 of band) | -8.10% |
| AOCI / equity | 3.32% (p99 of band) | |
| ROA (annualized) | 0.23% (p6 of band) | 1.28% |
| Net interest margin | 2.66% (p5 of band) | 3.91% |
| Efficiency ratio | 90.15% (p95 of band) | |
| Noncurrent loans | 0.29% (p41 of band) | 0.43% |
| Net charge-offs (annualized) | 0.00% (p37 of band) | |
| Reserve coverage of noncurrent | 222.33% | |
| Real estate % of loans | 100% | |
| Construction % of loans | 17.81% (p23 of band) | |
| Auto loans | $84,000 (0.04% of loans; DQ 0.00%, NCO 0.00%) | |
| Loans to nondepository financials | $0 (0% of equity) (p45 of band) | |
| Deposits YoY | 7.7% | |
| Employees | 41 | |

## Flags firing in the latest filing

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

## Warning timeline

| Quarter | Score | Flags that first fired | Flags that cleared |
|---|---|---|---|
| 2011-03 | 2 | charge-offs p90, reserve under noncurrent |  |
| 2011-06 | 1 |  | charge-offs p90 |
| 2011-09 | 2 | capital falling |  |
| 2011-12 | 2 |  |  |
| 2012-03 | 2 |  |  |
| 2012-06 | 2 |  |  |
| 2012-09 | 1 |  | capital falling |
| 2012-12 | 1 |  |  |
| 2013-03 | 1 |  |  |
| 2013-06 | 1 |  |  |
| 2013-09 | 0 |  | reserve under noncurrent |
| 2013-12 | 1 | reserve under noncurrent |  |
| 2014-03 | 2 | uninsured deposits leaving |  |
| 2014-06 | 1 |  | uninsured deposits leaving |
| 2014-09 | 1 |  |  |
| 2014-12 | 2 | wholesale funding >15% |  |
| 2015-03 | 1 |  | wholesale funding >15% |
| 2015-06 | 2 | wholesale funding >15% |  |
| 2015-09 | 3 | capital falling |  |
| 2015-12 | 2 |  | reserve under noncurrent |
| 2016-03 | 1 |  | capital falling |
| 2016-06 | 1 |  |  |
| 2016-09 | 0 |  | wholesale funding >15% |
| 2016-12 | 0 |  |  |
| 2017-03 | 0 |  |  |
| 2017-06 | 0 |  |  |
| 2017-09 | 1 | loans exceed deposits |  |
| 2017-12 | 1 |  |  |
| 2018-03 | 0 |  | loans exceed deposits |
| 2018-06 | 1 | loans exceed deposits |  |
| 2018-09 | 3 | wholesale funding >15%, capital falling |  |
| 2018-12 | 3 |  |  |
| 2019-03 | 2 |  | capital falling |
| 2019-06 | 2 |  |  |
| 2019-09 | 2 |  |  |
| 2019-12 | 1 |  | wholesale funding >15% |
| 2020-03 | 0 |  | loans exceed deposits |
| 2020-06 | 0 |  |  |
| 2020-09 | 1 | reserve under noncurrent |  |
| 2020-12 | 1 |  |  |
| 2021-03 | 0 |  | reserve under noncurrent |
| 2021-06 | 1 | capital falling |  |
| 2021-09 | 0 |  | capital falling |
| 2021-12 | 0 |  |  |
| 2022-03 | 0 |  |  |
| 2022-06 | 0 |  |  |
| 2022-09 | 0 |  |  |
| 2022-12 | 1 | uninsured deposits leaving |  |
| 2023-03 | 1 |  |  |
| 2023-06 | 1 | expense ratio p90 | uninsured deposits leaving |
| 2023-09 | 1 |  |  |
| 2023-12 | 2 | loans exceed deposits, wholesale funding >15% | expense ratio p90 |
| 2024-03 | 5 | capital falling, expense ratio p90, NIM <2.5%, deposits shrinking | loans exceed deposits |
| 2024-06 | 3 |  | capital falling, expense ratio p90 |
| 2024-09 | 3 | expense ratio p90 | deposits shrinking |
| 2024-12 | 4 | loans exceed deposits |  |
| 2025-03 | 4 |  |  |
| 2025-06 | 5 | capital falling |  |
| 2025-09 | 5 |  |  |
| 2025-12 | 3 |  | loans exceed deposits, capital falling |
| 2026-03 | 0 |  | wholesale funding >15%, NIM <2.5%, expense ratio p90 |
| 2026-06 | 1 | expense ratio p90 |  |

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

- 2025-10-10 [Repeat offender arrested in attempted bank robbery in Downtown Lowell - Lowell Sun](https://news.google.com/rss/articles/CBMiqwFBVV95cUxPWnh2RkRuXzVBV3lMaDEyNzdoOWRQeER0eXNVNjk2MXpMWXhZOFhveHRWaTZDdmN2cm1xZC1ZSnE4Nlh0MzVXc0hDYy1SRXlNazNiSUpiM1c2enpzY25tcUlDeUpvVk5tcEhKNUMxV0RYNmVfY0I2WC13XzVSOF82M1gzOWUxTmlWSU9sMnFrQWk0SGRiZDdoRmcxVkljLUxXTm5FaEhsNUk5V3M?oc=5) · Lowell Sun
- 2026-02-18 [List Of Failed Banks: 2009-2026 - Bankrate](https://news.google.com/rss/articles/CBMiZEFVX3lxTFAtbi1TaWMteGEyOHdQbnlXd0tPRzM2WFJQZjdPdzViQTZFLVVHODJRTEdqRWhnMkxIOG5xMUVSWU5iNHZSbVpnQ2Z4TWdiMDVwN2NTdUNGd3dXZ2tGcGZ2VWVJRnM?oc=5) · Bankrate
- 2013-05-16 [Arrest made in Lowell ATM robberies - WCVB](https://news.google.com/rss/articles/CBMif0FVX3lxTE1QZFRzZWQwUFlaQ1h4R0pFRzVIM1NYY3h6S25WM3pLZUt2ZkFCRklNckNfS01pVVJGZDY5cW1sa3k4ckdWMmpGcWVUM0UxMTRvOFp6NkhvZ0lwV3F6SmloeHE4ZVdtcEJMcUtkT3NKQTh2UWJGQUpxMVNyZnJXOWc?oc=5) · WCVB
- 2015-03-31 [Daley marks 50 years as corporator at Washington Savings Bank - Lowell Sun](https://news.google.com/rss/articles/CBMilwFBVV95cUxPYjhWamY5UzlJUlNKMlZKQm1BVjZ2SU5XWlQ0dkQ5SjdoM2k4TDZyUE96TDVTQmpBM2hrb296Uks4dGMwLTdOckdSMGdfam9waUxXbUE4RDNvQ2llVTJGeUMxV0FNTS1VUkpFMlJJSGJ2MWVoTjJQME9QRmgyNjRPS1dQbUNzUHNZTk9GN3JNRzQxdUJRUkdR?oc=5) · Lowell Sun
- 2021-03-09 [Adam M. Lavertue Obituary Mar 9, 2021 - McKenna-Ouellette Funeral Home](https://news.google.com/rss/articles/CBMiXEFVX3lxTE1uanNuNXRVWXpqRVRPQTFvclJxQUtpOEprQ2FlLTRfUF9ZM2tVVHlNYTVOTUlGY0NucEptUlEteG1IRjVlQTVQQVVIUkJaUWJsUmVwR24tUlFGbFhD?oc=5) · McKenna-Ouellette Funeral Home
- 2024-05-27 [Albert Lavallee Obituary - Dracut, MA (1936-2021) - Lowell Sun](https://news.google.com/rss/articles/CBMic0FVX3lxTFBQbW9NY0RRWlpnRllwVjlWRk5BNjBaS3NPZHdZX1hUanhPTlQ4UnpVTE10ZzA3MVZCV3JQWHRaaWJJNnVvUW1TY0c1SU9ZNGdUdmNYcWlnMFZsaGZhcXdZZERlclhyRFRnOS1VcFNEbW1saHc?oc=5) · Lowell Sun
- 2024-05-31 [James Sullivan Obituary - MA - Lowell Sun](https://news.google.com/rss/articles/CBMia0FVX3lxTE5LT3dJaVZXckcwMlRTOENDWTl0MFZza0dJX3RuOFNzbC1JelNwTXhueDdpbFRfc1kxNkFnQm5MWWJmcHJ3dlJRejJPZ3dyczNtX0dxSHQ5VS1FZUVlTTVxbW04X1RKSzl5dmY4?oc=5) · Lowell Sun
- 2025-01-21 [Alan S Rosen Obituary - Lowell, MA - Lowell Sun](https://news.google.com/rss/articles/CBMibEFVX3lxTE0wZXhpOG5mRVZUcjRuUnlIaEJ0Z1lkMnRTWEdkck5ybjZpMDZydlhrRXhkWUU3MVpkcXlTcFF1VFRRRGxQODA3NEFka3NFdTVlSmpSal9yeTBEbHVEUi10WlN3ZHE0OHdfVDltWA?oc=5) · Lowell Sun

## How to verify

- Page: https://getbookiq.com/bank-desk/#bank=90229 (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/53.json (key "90229", 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