# SEABOARD
BUCKSPORT, ME · NCUA charter 4118 · asset band $200-500M · latest filing 2026-03 · live
Share link (named URL with a preview card): https://getbookiq.com/cu/seaboard-4118

Who the members are: federal charter, community charter, organized 1940. 13,367 members of 287,840 potential (4.6% of the field); checking penetration 57% (share draft accounts per 100 members); loans per 100 members 52.

**Verdict on the desk:** this could be *indirect buyer*. Composite score 2 of 18 (one point per flag across 17 flags, capital below 7% counted twice).

## What the filing shows

| Measure | Value |
|---|---|
| Total assets | $242.9M |
| Members | 13,367 (2.3% YoY) |
| Full-time staff | 34 |
| Net worth | $21.4M |
| Net worth ratio | 8.8% (p12 of band) |
| ROA (annualized) | 0.54% (p38 of band) |
| Total delinquency | 0.84% (p70 of band) |
| Net charge-offs (annualized) | 0.26% (p36 of band) |
| Loans / shares | 66% (p32 of band) |
| Cash / assets | 10.8% |
| Borrowings / assets | 0.97% |
| Net interest margin | 3.22% (p27 of band) |
| Operating expense / assets | 3.19% (p30 of band) |
| Vehicles % of loans | 25% (p34 of band) |
| Indirect vehicle % of vehicle (all-channel basis before 2022) | 68% |
| Third-party paper % of net worth | 127% (p65 of band) |
| Vehicle delinquency | 1.14% (p80 of band) |
| Vehicle NCO | 1.02% (p71 of band) |
| Repossessed % of vehicle book | 0.00% (p25 of band) |
| Real estate % of loans | 58% |
| Credit cards % of loans | 2% |
| Unsecured % of loans | 4% |
| Commercial % of net worth | 54% |
| Core shares % of member funds | 43% |
| Certificates % of member funds | 25% |
| Average share balance | $7,634 |
| Participations bought / yr | $5.7M |
| Participations sold / yr | $0 |
| Participations outstanding | $5.2M |
| Loans outstanding per 100 members | 52% |
| Loans granted per 100 members, annualized | 17% |
| Average loan balance | $20,641 |
| Loans granted, annualized | $31.9M |

## Participation posture (from the same filings)

Bought $5.7M and sold $0 in the latest annualized quarter; $5.2M outstanding purchased (24.4% of net worth), $0 sold and retained. Sold in 0 and bought in 8 of the last 8 quarters. Shares 4.6% year over year.

## Flags firing in the latest filing

- **thin capital** (`cap_low`)
- **3rd-party paper>100% NW** (`str_thirdparty`)

## Warning timeline

| Quarter | Score | Flags that first fired | Flags that cleared |
|---|---|---|---|
| 2016-03 | 0 |  |  |
| 2016-06 | 2 | delinquency 2x band, 3rd-party paper>100% NW |  |
| 2016-09 | 2 |  |  |
| 2016-12 | 2 |  |  |
| 2017-03 | 0 |  | delinquency 2x band, 3rd-party paper>100% NW |
| 2017-06 | 2 | delinquency 2x band, 3rd-party paper>100% NW |  |
| 2017-09 | 1 |  | delinquency 2x band |
| 2017-12 | 2 | delinquency 2x band |  |
| 2018-03 | 1 |  | 3rd-party paper>100% NW |
| 2018-06 | 1 |  |  |
| 2018-09 | 1 |  |  |
| 2018-12 | 1 |  |  |
| 2019-03 | 1 | members leaving | delinquency 2x band |
| 2019-06 | 2 | delinquency 2x band |  |
| 2019-09 | 1 |  | delinquency 2x band |
| 2019-12 | 2 | delinquency 2x band |  |
| 2020-03 | 0 |  | members leaving, delinquency 2x band |
| 2020-06 | 3 | net worth falling, margin squeeze, delinquency 2x band |  |
| 2020-09 | 3 |  |  |
| 2020-12 | 4 | thin capital |  |
| 2021-03 | 3 |  | delinquency 2x band |
| 2021-06 | 3 | delinquency 2x band | margin squeeze |
| 2021-09 | 3 |  |  |
| 2021-12 | 3 |  |  |
| 2022-03 | 3 | delinquency rising | net worth falling |
| 2022-06 | 3 |  |  |
| 2022-09 | 2 | 3rd-party paper>100% NW | delinquency 2x band, delinquency rising |
| 2022-12 | 1 |  | thin capital |
| 2023-03 | 1 |  |  |
| 2023-06 | 2 | delinquency 2x band |  |
| 2023-09 | 2 |  |  |
| 2023-12 | 2 | delinquency rising | delinquency 2x band |
| 2024-03 | 2 | thin capital | delinquency rising |
| 2024-06 | 3 | net worth falling |  |
| 2024-09 | 3 |  |  |
| 2024-12 | 2 |  | net worth falling |
| 2025-03 | 2 |  |  |
| 2025-06 | 2 |  |  |
| 2025-09 | 3 | delinquency 2x band |  |
| 2025-12 | 5 | delinquency rising, members leaving |  |
| 2026-03 | 2 |  | delinquency 2x band, delinquency rising, members leaving |

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

- 2026-05-11 [Bangor-area Credit Union group 5K Color Run to benefit Children’s Miracle Network - WABI](https://news.google.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?oc=5) · WABI
- 2023-12-11 [Area food banks receive checks at Bucksport Luncheon - WABI](https://news.google.com/rss/articles/CBMiiAFBVV95cUxQT1pDR2VGRVBOUkhyT3ZpOWdPYTJZa3VjZ2o0dkFHS2tXWkRSX29xUFVGSms0eVVJOUpOdEdpeENmSVliUXpkSnM2OFRUY05xaTQ3UmFrS0NzNEZUcGh1djJsYlZsNHpHamZWSXJQdlhicDF5NkxVZW12OGNtdUNjUVlJWjlreUtj0gGcAUFVX3lxTE1vUGR2eU42RVhGX25RNWpkV2tQcjhYRDdGWmk3NmxPbVd4cXZ2VzJZTWc3U0dQc3BuNm1YblFPNUlOdkdZTGhSR3lEU2dQN2hXdXJBY0FYNEtTdHZfeU1fN09mNEYxRlpCcEUzbXZZTl9TNW5LREVmQjNrN1FsdDRyRG9wak95c0NfNno2VnAzLU05VGtnTmgycG1Leg?oc=5) · WABI
- 2020-07-06 [James M. Wentworth Obituary Jul 6, 2020 - Dolby, Blais & Segee](https://news.google.com/rss/articles/CBMiakFVX3lxTE5BN2hFWThqdWpnZ3k3LXBrTkxMOUpSUUl5NDI0aDBhMzQ2NEprcWdzMWUzbUc4ZWx6ZkRsc1RrcGYySllvQWkyYTdoU1N3WUlJTG5zTkFNUEw2M2s5djlaQ3A0aEZjS1QycVE?oc=5) · Dolby, Blais & Segee
- 2015-01-23 [Patrick "Pat" Albert Roche Obituary Jan 23, 2015 - harrisfuneral.com](https://news.google.com/rss/articles/CBMiZEFVX3lxTE14cVVwWnptUzJXdU1udzB2TVJlMTBUU0t5QXo5NGZXcDl1dnhxeVY1N0lBVlI5YTFQcC1ZSnFJa3lmUXFOS0tqRnFMSEVZMEdtcmNWS0hsenpIM3JzZk5WYld6eFc?oc=5) · harrisfuneral.com
- 2019-01-13 [Stephen Clark Obituary - Old Town, ME - Dignity Memorial](https://news.google.com/rss/articles/CBMiggFBVV95cUxQaW5mZ2pmc1FZYTgxSy1uMU83b18yUmVqNlVBbDdndkdFQVBUSzUxa3dhU29ETmVXQUNYVHpuU2V4OFpZYVEyb2tRaUpXaXNCN3V0MWtlZkFEM2ZPU3lpdTAwUDJMS2FrZnoyb0F5M1RtVzhUZ2loTlFvNnlUX2M2OS1R?oc=5) · Dignity Memorial
- 2025-01-28 [Ellsworth lawyers leave Eaton Peabody to create new local firm - Bangor Daily News](https://news.google.com/rss/articles/CBMiuwFBVV95cUxQN1prdTB0WVdhWTc3alJ3bThseDNZSXVEMDdKTkxwQmZzSk9wREp0VDZGTGtZaElQbzZoRy1aOTVlMVpzOEpWd1VhNEZzQ05iNVdGdWN3NlhhT19uSG0zMUtjM2JVbzFhY3R3SXd2VldXMFo5cEpocFJTcXdGeWxycVdiYW5DNm5lSVFxSU9ET29YMlc1VUF1MzFDQ0Z5VlNxVkJZUU9JTk5WN0kybHM5c0g3WTM1bFotYnhv?oc=5) · Bangor Daily News
- 2020-07-13 [Dorothy Robertson Obituary - Jacksonville, FL - Dignity Memorial](https://news.google.com/rss/articles/CBMijAFBVV95cUxPS3ZoYW5ZdFZNcGxwdF9MSjMtS25FRjYyZzAzaC1WZHFTZTluNktnV0ZzSFVvWW11MmotR3JXV0hsNklERmhEMXpWclV6Q083ZUozdkhPcjlNdGkwVm45LXo5QTdFUlAyZGxpRUV0Wmh0dFdEaUdPODZyWmY0dEc2VFBVZlZsbi1PQkFQUQ?oc=5) · Dignity Memorial

## How to verify

- Page: https://getbookiq.com/cu-intel/#cu=4118 (every cell opens its formula and NCUA account codes; the News tab is the same search)
- Latest row, JSON: https://getbookiq.com/cu-intel/data/summary.json · history: https://getbookiq.com/cu-intel/data/h/22.json (key "4118", columns cycle, assets, loans, shares, networth, nwr, roa, total_dq_pct, total_nco_pct, vehicle, veh_pct_loans, indirect, ind_pct_veh, ind_veh, ind_re, ind_comm, ind_other, ind_pct_loans, loans_n, granted_n_ytd, granted_ann, loan_pen, granted_pen, avg_loan_bal, loans_per_fte, veh_part, tp_pct_nw, veh_dq_pct, veh_nco_pct, repo_pct_veh, members_yoy, ltos, cash_pct, borrow_pct, nim_pct, opex_pct, risk_score, members, fte, cash_total, invest_sec, allowance_eff, int_income_ytd, int_exp_ytd, provision_eff_ytd, nonint_income_ytd, nonint_exp_ytd, net_income_ytd, n_flags, re_pct_loans, cc_pct_loans, comm_pct_loans, cert_pct_shares, core_pct_shares, part_buy_ann, part_sell_ann, pot_members, sh_draft_n, chk_pen, fom_pen, flags)
- Participation history: https://getbookiq.com/participation-desk/#cu=4118
- Field definitions: https://getbookiq.com/dictionary/#cu-ltos and the rest of the credit union dictionary
- Source: NCUA 5300 call report bulk files. Income fields are annualized by cycle month (Mar x4, Jun x2, Sep x4/3, Dec x1). Percentiles are within the asset band in the same quarter.

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Rendered 2026-09-10 from the desks' own data files. Full guide: https://getbookiq.com/guide