Kennebec Savings Bank
Augusta, Maine · $1.87B in assets · beside the 9 other Maine banks between $1B and $3B
The filing
Kennebec Savings Bank carries the least commercial real estate of the ten Maine banks between $1B and $3B, 13.2% of loans against a median of 36.0%, with construction at 1.5%. Return on assets is 1.35%, second of ten, and equity is 13.4% of assets, also second.
The other side of a residential book: noncurrent loans are 0.46%, seventh of ten, and the allowance covers them 1.3 times, the lowest coverage in the cohort against a median of 2.3 times. Loans stand at 111% of deposits, ninth of ten.
Deposits grew 3.9% in the year to June 2026, second of ten, and loans 4.9%. A bank funded past its deposits with the thinnest coverage in the group is a liquidity and allowance question before it is a credit one.
Commercial real estate against capital
| Kennebec Savings Bank | Rank | Cohort median | |
|---|---|---|---|
| Total CRE against capital, the 300% screen | 77% | 1st of 10 | 233% |
| Construction against capital, the 100% screen | 9% | 2nd of 10 | 30% |
| Construction and land development, share of loans | 1.5% | 2nd of 10 | 5.5% |
| Non-owner-occupied nonfarm nonresidential, share of loans | 9.3% | 1st of 10 | 22.9% |
| Total CRE, the guidance definition, share of loans | 13.2% | 1st of 10 | 36.0% |
| CRE growth over 36 months, the third prong | -16.4% | 1st of 10 | +29.4% |
Among its peers
| Institution | Assets | ROA | Efficiency | NPA / loans | Net charge-offs | Allowance / loans | Loans / deposits | Equity / assets |
|---|---|---|---|---|---|---|---|---|
 Maine Community Bank | $2.98B | 1.2% | 64.6% | 0.46% | 0.17% | 0.6% | 107.6% | 9.4% |
 Machias Savings Bank | $2.67B | 1.0% | 67.0% | 0.40% | 0.04% | 0.9% | 99.1% | 11.5% |
 Kennebunk Savings Bank | $2.17B | 0.9% | 68.8% | 0.10% | 0.01% | 1.1% | 107.1% | 8.8% |
 Norway Savings Bank | $2.16B | 1.2% | 67.4% | 0.29% | 0.05% | 0.7% | 103.8% | 12.5% |
 Kennebec Savings Bank | $1.87B | 1.4% | 71.4% | 0.46% | 0.00% | 0.6% | 111.5% | 13.4% |
 Androscoggin Savings Bank | $1.76B | 0.7% | 73.9% | 0.48% | 0.00% | 1.0% | 103.2% | 10.8% |
 Bath Savings Institution | $1.50B | 0.7% | 66.3% | 0.05% | -0.02% | 1.4% | 76.5% | 14.7% |
 Saco & Biddeford Savings Institution | $1.47B | 0.2% | 90.3% | 0.14% | 0.00% | 0.4% | 119.2% | 9.3% |
 Katahdin Trust Co | $1.16B | 0.9% | 68.4% | 0.48% | 0.07% | 1.0% | 96.4% | 9.5% |
 Partners Bank of New England | $1.09B | 1.4% | 75.2% | 0.04% | 0.00% | 1.0% | 105.6% | 10.3% |
| Kennebec Savings Bank | Cohort median | |||||
|---|---|---|---|---|---|---|
| 2021 | 2026 | Change | 2021 | 2026 | Change | |
| Loans | $1.13B | $1.57B | +38% | $968M | $1.52B | +57% |
| Deposits | $1.12B | $1.41B | +25% | $1.03B | $1.42B | +37% |
| NPA / loans | 0.44% | 0.46% | +0.02 pts | 0.39% | 0.35% | -0.05 pts |
| Efficiency | 70.7% | 71.4% | +0.7 pts | 68.8% | 68.6% | -0.2 pts |
| ROA | 1.77% | 1.35% | -0.42 pts | 1.30% | 0.93% | -0.37 pts |
This read was prepared for Kennebec Savings 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 Kennebec Savings Bank 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 ME banks $1B to $3B
Institution www.kennebecsavings.bank
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