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Q2 2026 · read from the 30 June 2026 Call Report · United States · New England · Massachusetts, the state note

Baycoast Bank

Swansea, Massachusetts · $2.86B in assets · beside the 11 other Massachusetts banks between $1B and $3B

The filing

84.8%
Efficiency
12th of 12
1.45%
NPA / loans
11th of 12
-4.4%
Loans, year over year
11th of 12, largest first

Baycoast Bank is the largest of the 12 Massachusetts banks nearest its size between $1B and $3B, with $2.86B in assets at 30 June 2026. Loans are 91.7% of deposits, 6th of 12 against a median of 93.1%, and equity is 9.0% of assets, 9th of 12. Loans grew -4.4% in the year, 11th of 12, and deposits grew 0.5%; the cohort's median loan growth is +4.0%.

Noncurrent loans are 1.45% of the book, 11th of 12 against a median of 0.74%; 0.05% is 30 to 89 days past due, and the allowance covers them 0.8 times. Net charge-offs are 0.12% of loans, 11th of 12. Commercial real estate is 35.2% of loans, 6th of 12 against a median of 36.6%, and 303% of capital, above the 300% screen, with construction at 63% against the 100% screen.

Return on assets is 0.51%, 10th of 12 against a median of 0.71%, on an efficiency ratio of 84.8%, the highest in the cohort. Five years ago it was 1.08%. The question is what the concentration does under a commercial real estate stress, and how much of it is owner-occupied (owner-occupied nonresidential is 18.2% of loans).

The efficiency ratioMA banks $1B to $3B · 30 June 2026 · lower is stronger, listed first
median 69.8% LF Lowell Five Cent Savings Bank 61.7% AB Avidia Bank 65.3% WB Westfield Bank 68.2% FB Florence Bank 68.3% SS South Shore Bank 69.1% B Bankesb 69.6% CB Country Bank for Savings 70.0% DI Dedham Institution for Savings 73.2% VB Village Bank 75.9% FR Fall River Five Cents Savings Bank 83.5% CB Cornerstone Bank 83.5% BB Baycoast Bank 84.8%
Loans, year over yearMA banks $1B to $3B · 30 June 2026 · no better direction, largest first
median +4.0% CB Cornerstone Bank +38.0% LF Lowell Five Cent Savings Bank +9.0% SS South Shore Bank +7.7% FB Florence Bank +6.6% WB Westfield Bank +4.8% CB Country Bank for Savings +4.6% VB Village Bank +3.4% DI Dedham Institution for Savings +2.5% AB Avidia Bank +0.5% FR Fall River Five Cents Savings Bank -2.0% BB Baycoast Bank -4.4% B Bankesb -6.2%

SBA 7(a), FY2008 to FY2026

Baycoast Bank is the 67th largest 7(a) lender into Massachusetts of 309, with $15M across 111 loans, 0.2% of everything approved in the state (Eastern Bank leads with $778M). Every market on its book has had an approval since FY2023.

Where it lends in Massachusetts, and where it has gone quietshare movement, FY2023 to FY2025 against FY2020 to FY2022; outlined counties are on the book
Gaining shareLosing shareFlatGone quiet: nothing since FY2023Too thin to read a directionNo record
Every market on the book, largest firstrank and share among every lender in the county, FY2008 to FY2026
CountyApprovedRankShareTrend
Bristol, MA$12M10th of 1122.6%+2.2 pts
Providence, RI$3M31st of 990.4%+0.1 pts
Newport, RI$2M14th of 482.1%-13.7 pts
Middlesex, MA$1M105th of 1900.1%+0.1 pts
Plymouth, MA$1M61st of 1070.2%thin
Norfolk, MA$583K102nd of 1450.1%thin
Washington, RI$400K42nd of 540.2%+0.3 pts
Bristol, RI$385K29th of 410.7%thin
Kent, RI$315K51st of 640.1%thin
What it lends to: the five largest industries on the bookshare of book is concentration; share of sector and rank are position, among every 7(a) lender nationally
IndustryLoansApprovedShare of bookShare of sectorRank
Construction24$4M20.3%0.01%616th of 2,063
Retail trade23$3M15.7%0.01%889th of 2,589
Other services14$3M14.5%0.01%705th of 2,248
Accommodation & food services23$3M13.5%0.00%1061st of 2,596
Manufacturing9$2M11.4%0.01%994th of 2,246
7(a) lenders into Massachusetts, share of approvals since FY2008309 lenders on record; the ten largest and Baycoast Bank
EB Eastern Bank 12.2% $778M · 8,606 loans LO Live Oak Banking Company 6.9% $442M · 354 loans RT Rockland Trust Company 6.7% $426M · 1,996 loans TB TD Bank, National Association 4.6% $295M · 2,208 loans CB Citizens Bank, National Associati… 4.1% $261M · 1,649 loans BB Beacon Bank and Trust 3.8% $246M · 1,377 loans WB Webster Bank National Association 3.1% $202M · 579 loans SF Salem Five Cents Savings Bank 2.8% $179M · 667 loans Ma Manufacturers and Traders Trust C… 2.2% $142M · 794 loans LB Leader Bank, National Association 2.0% $126M · 675 loans BB Baycoast Bank 0.2% $15M · 111 loans

Commercial real estate against capital

Commercial real estate concentrationthe 2006 interagency screens against total risk-based capital; Tier 1 stands in for the 2 CBLR filers; owner-occupied excluded; bold marks a screen met
Baycoast BankRankCohort median
Total CRE against capital, the 300% screen303%10th of 12270%
Construction against capital, the 100% screen63%9th of 1241%
Construction and land development, share of loans7.3%7th of 125.8%
Non-owner-occupied nonfarm nonresidential, share of loans15.0%4th of 1222.4%
Total CRE, the guidance definition, share of loans35.2%6th of 1236.6%
CRE growth over 36 months, the third prong-12.7%1st of 12+15.9%

Among its peers

Where it sits among its peersnavy: the stronger half of each column; amber: the weaker; darker at the ends
InstitutionAssetsROAEfficiencyNPA / loansNet charge-offsAllowance / loansLoans / depositsEquity / assets
Baycoast Bank$2.86B0.5%84.8%1.45%0.12%1.2%91.7%9.0%
Avidia Bank$2.77B1.0%65.3%0.75%-0.03%1.1%101.2%12.2%
Westfield Bank$2.73B0.7%68.2%0.35%0.17%0.9%91.3%9.3%
Dedham Institution for Savings$2.60B0.9%73.2%1.15%0.00%0.7%98.9%11.2%
Cornerstone Bank$2.57B0.6%83.5%0.35%0.04%0.4%99.8%8.8%
South Shore Bank$2.52B0.7%69.1%0.24%0.00%0.9%76.8%9.6%
Country Bank for Savings$2.24B0.8%70.0%1.14%0.00%1.0%101.6%14.2%
Village Bank$2.07B0.5%75.9%0.23%0.00%0.5%94.5%8.5%
Bankesb$2.02B0.5%69.6%1.67%0.08%1.2%91.2%9.7%
Florence Bank$2.01B0.7%68.3%0.46%0.01%0.7%71.5%10.7%
Lowell Five Cent Savings Bank$1.90B0.8%61.7%1.03%0.01%1.3%90.2%12.3%
Fall River Five Cents Savings Bank$1.86B0.4%83.5%0.73%-0.02%0.7%105.2%7.4%
Five years, 2021 to 2026same quarter, five years apart; dollars as growth, ratios in points
Baycoast BankCohort median
20212026Change20212026Change
Loans$1.75B$2.26B+29%$1.18B$1.73B+46%
Deposits$1.94B$2.46B+27%$1.52B$1.87B+23%
NPA / loans0.20%1.45%+1.25 pts0.34%0.74%+0.40 pts
Efficiency82.6%84.8%+2.2 pts67.2%69.8%+2.6 pts
ROA1.08%0.51%-0.57 pts0.92%0.71%-0.21 pts

This read was prepared for Baycoast Bank'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 Baycoast Bank is prepared on request, and thirty days on the institution's own numbers are open to anyone at the bank.

Ask for the pack

Prepared 7 September 2026
Filing 30 June 2026
Cohort MA banks $1B to $3B
Institution www.baycoast.bank

Public record only: FFIEC Call Report, 30 June 2026; FDIC data; cohort by state and asset band; SBA 7(a) FOIA release as of the 2026 file, loans credited to the institution holding them today. Computed from the institution's own Call Report and its peers' as published; no estimate, no adjustment; not a rating, not an audited statement and not a supervisory judgement.
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