Bank of New England
Salem, New Hampshire · $1.82B in assets · beside the 11 other New England banks between $1B and $3B (the state alone holds too few in the band to rank)
The filing
Bank of New England earned 2.19% on assets in the year to June 2026, the highest of the twelve New England banks between $1B and $3B, on an efficiency ratio of 29.7% against a median of 71.6%. New Hampshire alone has four banks in the band, so the cohort is regional.
The book is 86.5% commercial real estate and 37.7% construction, both the highest in the cohort by a wide margin against medians of 26.6% and 4.5%. Noncurrent loans are 1.73%, twelfth of twelve, and the allowance covers them 0.5 times where the median is 1.3.
Equity is 16.6% of assets, the highest in the group, and 97% of securities are held to maturity. This is the shape the 2006 interagency CRE guidance was written about, carried by capital.
Commercial real estate against capital
| Bank of New England | Rank | Cohort median | |
|---|---|---|---|
| Total CRE against capital, the 300% screen | 447% | 12th of 12 | 220% |
| Construction against capital, the 100% screen | 195% | 12th of 12 | 29% |
| Construction and land development, share of loans | 37.7% | 12th of 12 | 4.5% |
| Non-owner-occupied nonfarm nonresidential, share of loans | 45.1% | 12th of 12 | 19.0% |
| Total CRE, the guidance definition, share of loans | 86.5% | 12th of 12 | 26.6% |
| CRE growth over 36 months, the third prong | +36.3% | 10th of 12 | +17.9% |
Among its peers
| Institution | Assets | ROA | Efficiency | NPA / loans | Net charge-offs | Allowance / loans | Loans / deposits | Equity / assets |
|---|---|---|---|---|---|---|---|---|
 Thomaston Savings Bank | $1.93B | 1.1% | 62.3% | 0.65% | 0.04% | 1.0% | 84.8% | 9.4% |
 Fairfield County Bank | $1.92B | 0.7% | 75.3% | 0.05% | 0.00% | 1.2% | 102.4% | 12.9% |
 Lowell Five Cent Savings Bank | $1.90B | 0.8% | 61.7% | 1.03% | 0.01% | 1.3% | 90.2% | 12.3% |
 Newtown Savings Bank | $1.87B | 0.8% | 72.2% | 0.37% | 0.01% | 1.3% | 97.3% | 8.9% |
 Kennebec Savings Bank | $1.87B | 1.4% | 71.4% | 0.46% | 0.00% | 0.6% | 111.5% | 13.4% |
 Fall River Five Cents Savings Bank | $1.86B | 0.4% | 83.5% | 0.73% | -0.02% | 0.7% | 105.2% | 7.4% |
 North Easton Savings Bank | $1.84B | 0.8% | 71.8% | 1.64% | 0.03% | 0.5% | 82.3% | 11.4% |
 Bank of New England | $1.82B | 2.2% | 29.7% | 1.73% | 0.12% | 0.9% | 104.6% | 16.6% |
 Androscoggin Savings Bank | $1.76B | 0.7% | 73.9% | 0.48% | 0.00% | 1.0% | 103.2% | 10.8% |
 Chelsea Groton Bank | $1.75B | 1.4% | 58.4% | 0.48% | 0.00% | 0.9% | 111.5% | 15.8% |
 Ives Bank | $1.73B | 1.1% | 62.5% | 1.41% | 0.00% | 1.3% | 105.3% | 13.3% |
 Cape & Coast Bank | $1.68B | 0.5% | 77.4% | 0.94% | 0.00% | 0.7% | 104.3% | 9.6% |
| Bank of New England | Cohort median | |||||
|---|---|---|---|---|---|---|
| 2021 | 2026 | Change | 2021 | 2026 | Change | |
| Loans | $1.00B | $1.56B | +56% | $1.00B | $1.47B | +46% |
| Deposits | $996M | $1.49B | +50% | $1.18B | $1.45B | +23% |
| NPA / loans | 0.09% | 1.73% | +1.64 pts | 0.44% | 0.69% | +0.25 pts |
| Efficiency | 35.1% | 29.7% | -5.4 pts | 70.4% | 71.6% | +1.3 pts |
| ROA | 1.79% | 2.19% | +0.40 pts | 0.94% | 0.75% | -0.19 pts |
This read was prepared for Bank of New England's board and management from the public record, and is one slice of what Lynx builds for any bank from its own filing: the peer cohort, the capital, liquidity and rate models with the assumptions the institution sets, and a summary report of twenty sections for the board.
The full pack on Bank of New England is prepared on request, and thirty days on the institution's own numbers are open to anyone at the bank.
Ask for the packPrepared 6 September 2026
Filing 30 June 2026
Cohort New England banks $1B to $3B
Institution www.bankofnewengland.com
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