# BAY STATE SAVINGS BANK
WORCESTER, MA · FDIC certificate 90311 · 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 | $580.3M | |
| Deposits | $513.7M | |
| Loans and leases | $489.7M | |
| Total equity | $52.1M | |
| Loans / deposits | 94.49% (p80 of band) | 82.04% |
| Liquid assets / assets | 11.09% (p7 of band) | |
| Uninsured deposits / deposits | 30.55% (p68 of band) | 25.97% |
| Brokered deposits | 0.00% | |
| Wholesale funding | 1.52% (p38 of band) | |
| FHLB advances / assets | 1.52% | |
| Tier 1 leverage | 8.82% (p10 of band) | 10.81% |
| Unrealized securities loss / equity | -7.12% (p53 of band) | -8.10% |
| AOCI / equity | -0.74% (p32 of band) | |
| ROA (annualized) | 0.51% (p11 of band) | 1.28% |
| Net interest margin | 3.38% (p23 of band) | 3.91% |
| Efficiency ratio | 81.59% (p90 of band) | |
| Noncurrent loans | 0.47% (p53 of band) | 0.43% |
| Net charge-offs (annualized) | 0.01% (p57 of band) | |
| Reserve coverage of noncurrent | 188.68% | |
| Real estate % of loans | 94% | |
| Construction % of loans | 30.20% (p37 of band) | |
| Auto loans | $385,000 (0.08% of loans; DQ 0.00%, NCO 0.00%) | |
| Loans to nondepository financials | $0 (0% of equity) (p45 of band) | |
| Deposits YoY | 3.9% | |
| Employees | 84 | |

## Flags firing in the latest filing

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

## 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 | 2 | capital falling |  |
| 2012-12 | 1 |  | capital falling |
| 2013-03 | 1 |  |  |
| 2013-06 | 1 |  |  |
| 2013-09 | 2 | capital falling |  |
| 2013-12 | 2 |  |  |
| 2014-03 | 2 |  |  |
| 2014-06 | 2 |  |  |
| 2014-09 | 3 | loans exceed deposits |  |
| 2014-12 | 3 |  |  |
| 2015-03 | 4 | wholesale funding >15% |  |
| 2015-06 | 3 |  | wholesale funding >15% |
| 2015-09 | 3 |  |  |
| 2015-12 | 4 | noncurrent p90 |  |
| 2016-03 | 3 |  | noncurrent p90 |
| 2016-06 | 3 | liquid assets <10% | capital falling |
| 2016-09 | 3 | wholesale funding >15% | reserve under noncurrent |
| 2016-12 | 1 |  | liquid assets <10%, wholesale funding >15% |
| 2017-03 | 2 | reserve under noncurrent |  |
| 2017-06 | 3 | liquid assets <10% |  |
| 2017-09 | 2 |  | reserve under noncurrent |
| 2017-12 | 3 | expense ratio p90 |  |
| 2018-03 | 2 |  | expense ratio p90 |
| 2018-06 | 5 | wholesale funding >15%, capital falling, expense ratio p90 |  |
| 2018-09 | 5 |  |  |
| 2018-12 | 4 |  | capital falling |
| 2019-03 | 3 |  | wholesale funding >15% |
| 2019-06 | 3 |  |  |
| 2019-09 | 3 |  |  |
| 2019-12 | 3 |  |  |
| 2020-03 | 3 | capital falling | expense ratio p90 |
| 2020-06 | 3 |  |  |
| 2020-09 | 3 | reserve under noncurrent | capital falling |
| 2020-12 | 1 |  | loans exceed deposits, liquid assets <10% |
| 2021-03 | 1 |  |  |
| 2021-06 | 1 |  |  |
| 2021-09 | 0 |  | reserve under noncurrent |
| 2021-12 | 0 |  |  |
| 2022-03 | 0 |  |  |
| 2022-06 | 1 | capital falling |  |
| 2022-09 | 0 |  | capital falling |
| 2022-12 | 0 |  |  |
| 2023-03 | 1 | expense ratio p90 |  |
| 2023-06 | 2 | capital falling |  |
| 2023-09 | 2 |  |  |
| 2023-12 | 4 | losing money, reserve under noncurrent |  |
| 2024-03 | 2 |  | losing money, reserve under noncurrent |
| 2024-06 | 0 |  | expense ratio p90, capital falling |
| 2024-09 | 0 |  |  |
| 2024-12 | 0 |  |  |
| 2025-03 | 1 | expense ratio p90 |  |
| 2025-06 | 1 |  |  |
| 2025-09 | 1 |  |  |
| 2025-12 | 2 | capital falling |  |
| 2026-03 | 0 |  | expense ratio p90, capital falling |
| 2026-06 | 1 | expense ratio p90 |  |

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

- 2025-12-08 [Bay State Bank names new CFO - wbjournal.com](https://news.google.com/rss/articles/CBMia0FVX3lxTFBPU2FGbFJkcjBMTXJTRUN1RXNZNFZMU05CRWppRWtkT3F4SEhWSjZSVGNuMnFvTVBjLWhzZjg4NDlqM2xIVm9vaGVfWEJYZjlGQUV3QXBDYUJtdzI2ZTJnaHh6MXFaUWtmM3c0?oc=5) · wbjournal.com
- 2024-08-16 [In $3.15 million deal, Bay State Savings Bank buys former Becker College Student Center - Worcester Telegram](https://news.google.com/rss/articles/CBMiwgFBVV95cUxQdUVWUVFyVGNENXh3cTBBNUFMM1h5c3hLRUdwRktpVGJDTHVBRVhqWDZQVXBZel8tMlhjSU5uWDMxUkprVGprbGE5S01LeXhGeVgwOHJwRGZCTWNwMVFRcmVUSXNZb2FFbzRUbkk4VnBxM20yaGxhOWRPTERkNFh5dzhjaEh6N1Zsc0dZb2dGSnQxZTlsMFRfVnB3UTJMQzRNWC1EOWxHVDZvbmw4T3BHdHZPNy1welRQV29laXFjRzdPQQ?oc=5) · Worcester Telegram
- 2022-06-03 [Bay State Savings Bank 'CEO Soak' will raise money for ALS research - Spectrum News](https://news.google.com/rss/articles/CBMikAFBVV95cUxPUmFUNEZOYnROSWsxUUdBX1B5TF9iUjZMaFMxS0xSb0ROTElLNGtOOTQ5TFVfR2pDbXRMaDBneTM3N0pNcE1IeHpPUHAyWldIZnFpTVIzZGotak9KcXdsOVRyajV0RFVOaWp6MVJFZ0JVN2FoQUR0Ml91YnJWMGdFZWR3eVBFNnh0d1FpLUZwQnI?oc=5) · Spectrum News
- 2016-05-23 [Personnel File - Banker & Tradesman](https://news.google.com/rss/articles/CBMiXEFVX3lxTE9sVDN0RjJHUFhPYjZwTEItT21HN21zZktLWnhZeDhHRUdxTGI2amVlOXZGZldWWWFKZ3JSU0FQbkNNQ0NZbWJBajdaYzVRTEc1dVZqa3FxNV9kQ05u?oc=5) · Banker &amp; Tradesman
- 2024-08-16 [Bay State Savings buys former Becker student center for $3M, will reveal plans at later date - wbjournal.com](https://news.google.com/rss/articles/CBMivgFBVV95cUxQbzZWekVoMG1rbV9EVzk0LUtwZ2U5Vm4wWmFSZnNDRUo4UkdSSjZJU2dERmt1VGszUGJvT0xzaUxVRkI3RmpRLTNmeENzaXFpNFBPNmVUUkZFWk9vNHh5QXkwaWF2NHFtaGlqNXRvbVNMR2QtUVpsQ1ZSQk5zOGY3TVdhbkRUMXI3VUR5Qkx2aWtqUEhvNmd1Q2pidDN3WEFPT0Z2X0ZQUDdiTVlqME80UHJlZkQ5MXhOYXd0aFNR?oc=5) · wbjournal.com
- 2023-06-29 [Seth Pitts to take over as CEO of Bay State Savings Bank in Worcester - Worcester Telegram](https://news.google.com/rss/articles/CBMizgFBVV95cUxQLWRPZkN2anBEd2E2ejNqeUZkTWxNeDdBTTVxSWcxdlR5WFFnajZnaU8wYUJBaVhtX0FaYVA2Y0ZZTTRxaEZBSktTVjNCcVJGRVJWakxGVkRXSDZwRXRhOVA3dHNZTGJ6bFc0VEVMbk92THRjRzBNUWJsVHBqbGNFcnJLdW5Cd3FteEIzZEZRSTJmWGhsbFVRQ185Yy11dGY1XzRoR1hXMDFwTlVsWG1zNm9Rd2wxVkRISXBuczc0eF9wa2Fja0IzZl9aOFpOQQ?oc=5) · Worcester Telegram
- 2023-06-29 [Bay State Savings Bank CEO to retire; CFO to take over Sept. 1 - wbjournal.com](https://news.google.com/rss/articles/CBMilgFBVV95cUxPNzJfRlg1Tm9RN0ZLR2dEMlIwbGs3SVA2dnZ6U3l4LU1WY0lIa05OUHhMLWFoUFhVbTlsOFZNSVJuREdTSjFmYXNuaWh4QjRpdTl4V2dKLThhQU1PTmpERFhsWXNDTXg1QmY0TmVfLVRsY1pUNXRocVNVYXR5eFhja2M1U2VMbm9sODR5N3A4SHI0U1laU2c?oc=5) · wbjournal.com
- 2024-09-19 [Gail Theresa Lucarino - MetroWest Daily News](https://news.google.com/rss/articles/CBMiaEFVX3lxTE5ZQnVBX1NCbVJNT2pYX1BkVk9iVDYxT3FhanRYZEhCbC1mTzljZ2t6WFBhRHBqckFOSTEtY0FTeGZsUW1PcG13aEJlSnRVWi00ZWZZWDc2XzU0a2k1NWtxTTlSY3B5NG5m?oc=5) · MetroWest Daily News

## How to verify

- Page: https://getbookiq.com/bank-desk/#bank=90311 (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 "90311", 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