# WINCHESTER SAVINGS BANK
WINCHESTER, MA · FDIC certificate 90308 · asset band $1-10B · latest filing 2026-06 · live

**Verdict on the desk:** this could be *funding-stretched*. Composite score 4 (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 | $1.09B | |
| Deposits | $817.7M | |
| Loans and leases | $875.9M | |
| Total equity | $101.3M | |
| Loans / deposits | 106.53% (p94 of band) | 87.10% |
| Liquid assets / assets | 16.22% (p28 of band) | |
| Uninsured deposits / deposits | 36.90% (p66 of band) | 30.76% |
| Brokered deposits | 1.09% | |
| Wholesale funding | 15.64% (p81 of band) | |
| FHLB advances / assets | 14.55% | |
| Tier 1 leverage | 9.63% (p26 of band) | 10.50% |
| Unrealized securities loss / equity | -2.41% (p77 of band) | -7.75% |
| AOCI / equity | -0.18% (p59 of band) | |
| ROA (annualized) | 0.42% (p7 of band) | 1.26% |
| Net interest margin | 2.61% (p7 of band) | 3.70% |
| Efficiency ratio | 73.92% (p85 of band) | |
| Noncurrent loans | 0.18% (p22 of band) | 0.51% |
| Net charge-offs (annualized) | 0.00% (p29 of band) | |
| Reserve coverage of noncurrent | 300.82% | |
| Real estate % of loans | 100% | |
| Construction % of loans | 114.83% (p93 of band) | |
| Auto loans | $37,000 (0.00% of loans; DQ 0.00%, NCO 0.00%) | |
| Loans to nondepository financials | $0 (0% of equity) (p35 of band) | |
| Deposits YoY | 19.9% | |
| Employees | 76 | |

## Flags firing in the latest filing

- **loans exceed deposits** (`liq_ltd`)
- **wholesale funding >15%** (`liq_wholesale`)
- **capital falling** (`cap_falling`)
- **construction >100% equity** (`conc_construction`)

## Warning timeline

| Quarter | Score | Flags that first fired | Flags that cleared |
|---|---|---|---|
| 2011-03 | 0 |  |  |
| 2011-06 | 0 |  |  |
| 2011-09 | 0 |  |  |
| 2011-12 | 0 |  |  |
| 2012-03 | 1 | reserve under noncurrent |  |
| 2012-06 | 1 |  |  |
| 2012-09 | 0 |  | reserve under noncurrent |
| 2012-12 | 0 |  |  |
| 2013-03 | 0 |  |  |
| 2013-06 | 0 |  |  |
| 2013-09 | 0 |  |  |
| 2013-12 | 3 | capital falling, NIM <2.5%, reserve under noncurrent |  |
| 2014-03 | 4 | expense ratio p90 |  |
| 2014-06 | 3 |  | capital falling |
| 2014-09 | 2 |  | reserve under noncurrent |
| 2014-12 | 2 |  |  |
| 2015-03 | 1 |  | NIM <2.5% |
| 2015-06 | 1 |  |  |
| 2015-09 | 1 |  |  |
| 2015-12 | 1 |  |  |
| 2016-03 | 0 |  | expense ratio p90 |
| 2016-06 | 2 | capital falling, expense ratio p90 |  |
| 2016-09 | 0 |  | capital falling, expense ratio p90 |
| 2016-12 | 0 |  |  |
| 2017-03 | 1 | expense ratio p90 |  |
| 2017-06 | 1 |  |  |
| 2017-09 | 0 |  | expense ratio p90 |
| 2017-12 | 2 | assets shrinking, uninsured deposits leaving |  |
| 2018-03 | 0 |  | assets shrinking, uninsured deposits leaving |
| 2018-06 | 0 |  |  |
| 2018-09 | 0 |  |  |
| 2018-12 | 0 |  |  |
| 2019-03 | 1 | capital falling |  |
| 2019-06 | 1 |  |  |
| 2019-09 | 0 |  | capital falling |
| 2019-12 | 1 | expense ratio p90 |  |
| 2020-03 | 1 | capital falling | expense ratio p90 |
| 2020-06 | 1 |  |  |
| 2020-09 | 2 | expense ratio p90 |  |
| 2020-12 | 1 |  | capital falling |
| 2021-03 | 2 | NIM <2.5% |  |
| 2021-06 | 2 |  |  |
| 2021-09 | 1 |  | NIM <2.5% |
| 2021-12 | 2 | capital falling |  |
| 2022-03 | 1 |  | expense ratio p90 |
| 2022-06 | 2 | expense ratio p90 |  |
| 2022-09 | 0 |  | capital falling, expense ratio p90 |
| 2022-12 | 0 |  |  |
| 2023-03 | 2 | loans exceed deposits, capital falling |  |
| 2023-06 | 4 | expense ratio p90, NIM <2.5% |  |
| 2023-09 | 4 | wholesale funding >15% | capital falling |
| 2023-12 | 5 | construction >100% equity |  |
| 2024-03 | 6 | capital falling |  |
| 2024-06 | 6 |  |  |
| 2024-09 | 8 | losing money, charge-offs p90 |  |
| 2024-12 | 6 |  | losing money, charge-offs p90 |
| 2025-03 | 6 |  |  |
| 2025-06 | 3 |  | expense ratio p90, construction >100% equity, capital falling |
| 2025-09 | 4 | construction >100% equity |  |
| 2025-12 | 5 | expense ratio p90 |  |
| 2026-03 | 3 | capital falling | NIM <2.5%, construction >100% equity, expense ratio p90 |
| 2026-06 | 4 | construction >100% equity |  |

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

- 2025-03-20 [Winchester Savings Bank takes step toward becoming stockholder-owned - The Business Journals](https://news.google.com/rss/articles/CBMilgFBVV95cUxNbE9xLUZZdWV6Ym5oY3VIbmtNT3FLazdoeVRmYklhbGJWN1Y4T1dvSEUyWGVRaUFzTUR3RnhkNk41NUl0NDBqNkV0OEcxajU1Sl9aV19ZMUNlaUxSMUNPb0EwMWpBeVJ5RmlBbmRZcWZwU3ZEMXdQU3RiOGFZRlBhRlZ2a2txZTBqeXdKMWRmUllqOWhvS0E?oc=5) · The Business Journals
- 2025-04-30 [Winchester Bancorp, Inc. Announces Closing of Initial Public Offering - Business Wire](https://news.google.com/rss/articles/CBMiwwFBVV95cUxOeVRaemw1ZmRpSnBhTlpYcFpDZmhTeDdjTVBsaFZ0OHlKNy0yb3RJbjFXbG5zaVN0cWhSMW1SS1VWRVFPcG41NzdMVXJDQlNCeng3WFVIcUhnMnF4d2VlM01obElNMlltM1FEak9tNXc2bGlQMTlwdnRKVXFmTWhVbndaUGpkTGVBclZQX3Z6UzZwX3o5S0E2MFoyV3otMVNVeWQySEVHMTV1ek55OWtmT2EzQTZSRE1SVnA3MkN2RHlYcm8?oc=5) · Business Wire
- 2019-10-15 [Resident named to Winchester Savings Bank board - Wicked Local](https://news.google.com/rss/articles/CBMiswFBVV95cUxOMFNKemUybDZhQkR6bHRSSVhBSUIwX0pJT0d3dnV0amlSWmhqVWVnTjg3WXhkNk01OFhKSkpESWNkZGxRZlpoN1hCZ2NkSDV2a1FzN0NNd2JfcHBQMm1yVmZrM09HSXhoQllMbGk5NWJaYWNZV05nNE15V1dwT3lsUXBHbVhxSVNVUlBuODJvdUtKREhmeDdUSE16TUp2VE1wdU9wUHFFa2tvR3JwdHQ5VWZvQQ?oc=5) · Wicked Local
- 2011-10-27 [FBI Violent Crimes Task Force Seeks Bank Robber - fbi.gov](https://news.google.com/rss/articles/CBMimgFBVV95cUxQMndHMjRiVk5fTXd4c3hUQnQtRXN5eEVPaHNZbmpnak5ZdEVfMndPVS05SjByQUJjbjViWERqRkFIYThtaE1zWGxtVFNtclpQbVdrcVM5ZUtFYnRlVFgwZlpkTkxYYjd6VDVDRzFaQl9fUjVnNXpkSkVXbkJGSTVlUDR2V1RsN2RiVFU1ZHhEMzZfSWlTcnZkYWF3?oc=5) · fbi.gov
- 2019-04-15 ['Incognito Bandit' Sentenced For Arlington Bank Robbery - Patch](https://news.google.com/rss/articles/CBMilgFBVV95cUxOSnc3Y19qUEhDWmRTWThRc3ZoOHhlTjVzdXhlX2RoMTdtVXdseGRHOWptZGZZMHFweThVamx3Smcxb3NYd0Jidlc4bFRjVEFVX2IyaTFhRV8zR19rNjkzMU0wZFcwRm9EVFpHcWcyWm16REZUOVBaYWdoVlNGbDdULTE0WlN3ZS1fYnFvQUl1TmI4VkQ2QUE?oc=5) · Patch
- 2025-05-01 [Winchester Savings raises nearly $40M in IPO, to start trading Friday - The Business Journals](https://news.google.com/rss/articles/CBMipgFBVV95cUxOX2lnNmMwVkJreUJZb3JYdXVxZGVJeWZZRU5DV0pGWWRuQ1p2aFdGNlY0SkEwVVhaOFlnZlh3VnlxTDBwRno4a01iM2gwdXJ4ZlZpdVRQRGNORGF6MjN2NTZWOUItYWlrOWY1ODlxaXdyZHN6SG1lNkpCUjV6M0Q3Z2NISVFuTDdLX2tQZlE3WXFKcEJvZW1CWF9VQUR3RkktanRIaG13?oc=5) · The Business Journals
- 2019-01-08 ['Incognito Bandit' Pleads Guilty To Arlington Bank Robbery - Patch](https://news.google.com/rss/articles/CBMimwFBVV95cUxNR2tyTTZpZkJMTjhkZzRteDZoWVhhYW5HaDZ5cFk2dHFSbGxSOW9vTEEzVU84MFhQNXNDdUNzcnBoUkNzSUhveTNtVURENmlDSmlOT3ZBQ2R2eHNCdF9ET0NSVEhCMTJBbk9DM2p6RlVMcFFOcG9YS01uNWJMUE11dkp5N2k2akQwWkxCM2l0N2YzcUtMSEhHamZfTQ?oc=5) · Patch
- 2018-09-21 [2 More Suspects ID'd In Arlington Bank Robberies - Patch](https://news.google.com/rss/articles/CBMijwFBVV95cUxQN20yNTE4bUVGYkdDd2lrTWtQRVdiOHVVbXF3N3hTVjZHNjN5LXZXVWlDTWZrTE03aU1XTE5mOXp0c21KSDJMRUdBLTZOYkdBRGdjRmtybUJOV3EzZ0Z5angwQzRnMVBtM0JpRnRSdHp0ZlR6TE1ZYnR1TnhnaWk3UWlYZ0VicDdreU9Wd0lfZw?oc=5) · Patch

## How to verify

- Page: https://getbookiq.com/bank-desk/#bank=90308 (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/4.json (key "90308", 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