# MARBLEHEAD BANK
MARBLEHEAD, OH · FDIC certificate 9860 · asset band <$300M · latest filing 2024-12 · stopped filing (departed)

**Verdict on the desk:** this could be *run candidate*. Composite score 8 (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 | $54.4M | |
| Deposits | $53.3M | |
| Loans and leases | $19.5M | |
| Total equity | $45,000 | |
| Loans / deposits | 36.19% (p10 of band) | 72.20% |
| Liquid assets / assets | 60.49% (p88 of band) | |
| Uninsured deposits / deposits | 12.32% (p23 of band) | 19.30% |
| Brokered deposits | 5.52% | |
| Wholesale funding | 7.35% (p75 of band) | |
| FHLB advances / assets | 1.84% | |
| Tier 1 leverage | 8.47% (p8 of band) | 11.46% |
| Unrealized securities loss / equity | -14157.78% (p0 of band) | -13.79% |
| AOCI / equity | -453.33% (p0 of band) | |
| ROA (annualized) | -0.54% (p5 of band) | 0.90% |
| Net interest margin | 2.47% (p11 of band) | 3.57% |
| Efficiency ratio | 130.26% (p97 of band) | |
| Noncurrent loans | 0.00% (p13 of band) | 0.26% |
| Net charge-offs (annualized) | 0.00% (p33 of band) | |
| Reserve coverage of noncurrent | – | |
| Real estate % of loans | 79% | |
| Construction % of loans | 1717.78% (p100 of band) | |
| Auto loans | $80,000 (0.41% of loans; DQ 0.00%, NCO 0.00%) | |
| Loans to nondepository financials | $0 (0% of equity) (p48 of band) | |
| Deposits YoY | -4.3% | |
| Employees | 12 | |

## Flags firing in the latest filing

- **AOCI drag >20% of equity** (`cap_aoci`)
- **securities losses >30% of equity** (`cap_secloss`)
- **losing money** (`earn_negative`)
- **expense ratio p90** (`earn_efficiency`)
- **NIM <2.5%** (`earn_nim`)
- **construction >100% equity** (`conc_construction`)
- **assets shrinking** (`shrink_assets`)
- **uninsured deposits leaving** (`flight_uninsured`)

## Warning timeline

| Quarter | Score | Flags that first fired | Flags that cleared |
|---|---|---|---|
| 2011-03 | 1 | reserve under noncurrent |  |
| 2011-06 | 1 |  |  |
| 2011-09 | 2 | capital falling |  |
| 2011-12 | 2 |  |  |
| 2012-03 | 0 |  | reserve under noncurrent, capital falling |
| 2012-06 | 1 | uninsured deposits leaving |  |
| 2012-09 | 1 | capital falling | uninsured deposits leaving |
| 2012-12 | 1 |  |  |
| 2013-03 | 1 | NIM <2.5% | capital falling |
| 2013-06 | 1 |  |  |
| 2013-09 | 2 | expense ratio p90 |  |
| 2013-12 | 0 |  | NIM <2.5%, expense ratio p90 |
| 2014-03 | 0 |  |  |
| 2014-06 | 1 | capital falling |  |
| 2014-09 | 1 |  |  |
| 2014-12 | 0 |  | capital falling |
| 2015-03 | 0 |  |  |
| 2015-06 | 0 |  |  |
| 2015-09 | 1 | capital falling |  |
| 2015-12 | 1 |  |  |
| 2016-03 | 0 |  | capital falling |
| 2016-06 | 0 |  |  |
| 2016-09 | 1 | capital falling |  |
| 2016-12 | 1 |  |  |
| 2017-03 | 0 |  | capital falling |
| 2017-06 | 0 |  |  |
| 2017-09 | 0 |  |  |
| 2017-12 | 0 |  |  |
| 2018-03 | 0 |  |  |
| 2018-06 | 0 |  |  |
| 2018-09 | 0 |  |  |
| 2018-12 | 0 |  |  |
| 2019-03 | 0 |  |  |
| 2019-06 | 0 |  |  |
| 2019-09 | 0 |  |  |
| 2019-12 | 0 |  |  |
| 2020-03 | 0 |  |  |
| 2020-06 | 0 |  |  |
| 2020-09 | 1 | capital falling |  |
| 2020-12 | 1 |  |  |
| 2021-03 | 1 | expense ratio p90 | capital falling |
| 2021-06 | 1 |  |  |
| 2021-09 | 3 | capital falling, NIM <2.5% |  |
| 2021-12 | 3 |  |  |
| 2022-03 | 2 | AOCI drag >20% of equity, securities losses >30% of equity | expense ratio p90, capital falling, NIM <2.5% |
| 2022-06 | 5 | construction >100% equity, assets shrinking, uninsured deposits leaving |  |
| 2022-09 | 2 | capital falling | AOCI drag >20% of equity, securities losses >30% of equity, construction >100% equity, uninsured deposits leaving |
| 2022-12 | 5 | AOCI drag >20% of equity, securities losses >30% of equity, construction >100% equity |  |
| 2023-03 | 2 |  | assets shrinking, capital falling, AOCI drag >20% of equity |
| 2023-06 | 2 |  |  |
| 2023-09 | 1 | capital falling | securities losses >30% of equity, construction >100% equity |
| 2023-12 | 4 | securities losses >30% of equity, expense ratio p90, construction >100% equity, uninsured deposits leaving | capital falling |
| 2024-03 | 6 | AOCI drag >20% of equity, losing money, NIM <2.5% | uninsured deposits leaving |
| 2024-06 | 8 | capital falling, deposits shrinking, uninsured deposits leaving | NIM <2.5% |
| 2024-09 | 5 | NIM <2.5% | construction >100% equity, AOCI drag >20% of equity, deposits shrinking, uninsured deposits leaving |
| 2024-12 | 8 | AOCI drag >20% of equity, construction >100% equity, assets shrinking, uninsured deposits leaving | capital falling |

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

- 2025-01-20 [SB Financial finalises Marblehead acquisition - Retail Banker International](https://news.google.com/rss/articles/CBMiiwFBVV95cUxNYWQ4ZWd1Z0EtNDFTdnJESUp4Qk1vTUI4Nm9qUDlXS2dtUmRvMDNpc0NsYUNmYVVmWm1JZnBFTm1pUUp1SnlYSnd0YUxjVVJNaEwycEtrbEM5c2N1b1VkdzZMT21rcF91d09yNWpOWU0yOUhfWE81SnVnLWlvZ3d5YWN6WXpfWGlyeXVv?oc=5) · Retail Banker International
- 2021-02-26 [Marblehead Bank Names Mark Llewellyn New CEO - The Business Journals](https://news.google.com/rss/articles/CBMiggFBVV95cUxOcVpybHJkLXJtSW5keFcwUXBVTTFRWG5maU1lQnFvOUkyNFp5RUJacnFWNV9yc0tIRjljSEpVS0ZkNEZJXzV5WWNyYVRzSVEydzV0MVdsMjR0alBDUXJSZUd3R2RJbWIzcVJzdkw2eXB0VUJsUGZKNjZrbjllZDJXektR?oc=5) · The Business Journals
- 2021-02-17 [New CEO for Marblehead Bank As Livingston Remains President - Banker & Tradesman](https://news.google.com/rss/articles/CBMilgFBVV95cUxOY180X1dJN2U2S0NBTEhLalNrNkhTZzhLd2QzeDhYcjZNd2N6UTlrT3I1aEZScTQtc0tIMzFoRGZfbGdkd3RlSnhkaFhfMi1oamJURnAyN1hxSEVyNHRQbUJIQUpGdlVaaEppbFY2N3I3X1N1MndPbjlWWVBkZ2JPbFBDcHpmVTNLTHk5MFdUNlNwRnpuTnc?oc=5) · Banker &amp; Tradesman
- 2002-09-02 [Marblehead Bank happy to remain small, friendly - Toledo Blade](https://news.google.com/rss/articles/CBMisgFBVV95cUxQZWdTTDF0WVNlQjljTzctUzZOcHpLTUZuUVlmWWZfaUNiMFk2WFZuM0luWDg4cm5samNqN0hKSjhWZ3FfTkVuMmRxbTVJOXhyZVNtaERYWDJUY0poMXpnbGtzcFg1Y0ZRZlFnUnRrSzFHeC1lbWJleC1BaWVpZl8zTElqUjY4Z2pLMENEVjcyMmNRX1R2Zks3YzhpVVJhck5SMzNmNVZyLWszQWZrN3VRck9n?oc=5) · Toledo Blade
- 2024-10-02 [Marblehead Bank hosts MarbleShred and food drive - Marblehead Weekly News](https://news.google.com/rss/articles/CBMiigFBVV95cUxOVDlyMVNGNnZBWFJSdENBN1JhNEdHWGUtTnVSazNkc2pIVmRIMEJmQTQzeFBLRW9DV1BMTzV0N3VEOVRxVFhvQU5EM3J6bHNkd2N1aEhMRURKbFBPODJkZnZ3LU1saEk2OXZGeS13RFpSM1JZQWNyRVdWRHV1YU1GazJCVHpPRi1wNVE?oc=5) · Marblehead Weekly News
- 2012-11-16 [Marblehead Bank's Livingston honored for distinguished leadership - Wicked Local](https://news.google.com/rss/articles/CBMitAFBVV95cUxNdl91QTNNbHp3THdMY0x3QmVRb01FVmdaWnhTWGoxbFpNd1FLUTBMSjNOOGNEckZSTGxUSEVCSTF0czNQZ3dIWVZ5bXNGZVBYSGFxLU1hVFNOd3NfaVBsSTVBbmV2b3QzNjZ6WmNuWlV3bUx1akdScEpBSTVGcFV4REJrT2NPNTZTZ2pPanVzcHZzS3ViZnFSX2VORW1kaDRMb2t0RXFnOWt5VUs0VmJwX0pVMEk?oc=5) · Wicked Local
- 2018-12-30 [Business roundup: Marblehead Bank rated five stars for financial strength - thenews-messenger.com](https://news.google.com/rss/articles/CBMi4gFBVV95cUxPMWowVEhieEtmX3pEZndFaElENGMzU3pvekJZTG8yWGJ4WTNCbXh1d1dyVzRwRzNfVEtxZzZnNHI3X3A2aXBSRVNXZVB2dW5sd3pXR05VdmhrSmdWcVVmbXNJWk1FbWlUSjEyaHl6azBKVGY3SFdxanA1UmNxS0FEUFJ2TnBJdFlfZXJDc3BSQV9qVWw2VlEwRUNfZ3hldWtmUTJoVTR2WThKejA2Y1E4dnVYMHN4NkdKUV9jYUYydkFWWXdQMGE0TVl1RVd4aXBzZ0tzWWhreGdWSk1uRTNBSTBR?oc=5) · thenews-messenger.com
- 2016-03-30 [Schwager promoted at Marblehead Bank - Port Clinton News-Herald](https://news.google.com/rss/articles/CBMirgFBVV95cUxOaE9qN0E0RTB5RFJ1QVhYTk02OFlHckR2ZnZzY3ZoS0FrLVF1QmlqblV6UVE1SWlzSzJ5WEJDcDV1d3lYRE5tVEl6Wi1QSUFQUHVTbFZ5d2xQS0E4UU5PekkxUUpCaWU2T2xZUVZUZk8zdU14Tmtqa0REMkQ1LU9UbzVKdU13clUtSWl6Tm9lVjAtR3l2Tm5ScUdnVGU5Q285d0lCbGtFYkJtWWJKc0E?oc=5) · Port Clinton News-Herald

## How to verify

- Page: https://getbookiq.com/bank-desk/#bank=9860 (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 "9860", 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