Machias Savings Bank
Machias, Maine · $2.67B in assets · beside the 9 other Maine banks between $1B and $3B
The filing
Machias Savings Bank sits mid-table across the ten Maine banks between $1B and $3B: return on assets 0.98%, fifth; efficiency 67.0%, third; equity 11.5% of assets, fourth. Noncurrent loans are 0.40%, sixth, with the allowance covering them 2.3 times.
Loans grew 1.7% in the year to June 2026, eighth of ten, and deposits fell 0.9%. Loans stand at 99% of deposits, third best in the group, which leaves room the faster-growing members no longer have. Commercial real estate is 38.8% of the book, seventh of ten.
The filing side is quiet. The register side is not: Machias is the seventh largest 7(a) lender into Maine, first in Penobscot and second in Hancock and Aroostook, gaining share in all three, while six of its eighteen markets have gone quiet.
SBA 7(a), FY2008 to FY2026
Machias Savings Bank is the 7th largest 7(a) lender into Maine of 130, with $62M across 233 loans, 5.0% of everything approved in the state (Bangor Savings Bank leads with $138M). 6 of its 18 markets have had no approvals since before FY2023: an absence in the record, not a stated withdrawal.
| County | Approved | Rank | Share | Trend |
|---|---|---|---|---|
| Penobscot, ME | $27M | 1st of 50 | 16.6% | +11.1 pts |
| Hancock, ME | $10M | 2nd of 26 | 16.0% | +8.9 pts |
| Aroostook, ME | $8M | 2nd of 23 | 13.2% | +37.6 pts |
| Kennebec, ME | $3M | 9th of 35 | 4.2% | -17.6 pts |
| Somerset, ME | $3M | 4th of 20 | 9.0% | quiet FY2022 |
| Waldo, ME | $2M | 5th of 22 | 7.4% | +0.4 pts |
| Cumberland, ME | $2M | 29th of 71 | 0.6% | -1.0 pts |
| Piscataquis, ME | $2M | 3rd of 15 | 17.3% | quiet FY2011 |
| Knox, ME | $2M | 11th of 31 | 3.3% | thin |
| Androscoggin, ME | $2M | 13th of 37 | 2.0% | quiet FY2021 |
| Sagadahoc, ME | $1M | 9th of 30 | 4.1% | -3.7 pts |
| York, ME | $937K | 32nd of 67 | 0.4% | +0.8 pts |
| Oxford, ME | $450K | 14th of 23 | 1.3% | quiet FY2015 |
| Industry | Loans | Approved | Share of book | Share of sector | Rank |
|---|---|---|---|---|---|
| Retail trade | 44 | $15M | 23.7% | 0.02% | 381st of 2,589 |
| Accommodation & food services | 27 | $6M | 9.8% | 0.01% | 728th of 2,596 |
| Health care & social assistance | 17 | $5M | 8.5% | 0.01% | 536th of 2,172 |
| Real estate & leasing | 12 | $5M | 8.3% | 0.04% | 313th of 1,452 |
| Transportation & warehousing | 16 | $5M | 8.0% | 0.04% | 311th of 1,563 |
Commercial real estate against capital
| Machias Savings Bank | Rank | Cohort median | |
|---|---|---|---|
| Total CRE against capital, the 300% screen | 251% | 6th of 10 | 233% |
| Construction against capital, the 100% screen | 38% | 7th of 10 | 30% |
| Construction and land development, share of loans | 5.9% | 8th of 10 | 5.5% |
| Non-owner-occupied nonfarm nonresidential, share of loans | 23.6% | 6th of 10 | 22.9% |
| Total CRE, the guidance definition, share of loans | 38.8% | 7th of 10 | 36.0% |
| CRE growth over 36 months, the third prong | +14.2% | 3rd 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% |
| Machias Savings Bank | Cohort median | |||||
|---|---|---|---|---|---|---|
| 2021 | 2026 | Change | 2021 | 2026 | Change | |
| Loans | $1.59B | $2.25B | +42% | $968M | $1.52B | +57% |
| Deposits | $1.73B | $2.27B | +31% | $1.03B | $1.42B | +37% |
| NPA / loans | 0.39% | 0.40% | +0.01 pts | 0.39% | 0.35% | -0.05 pts |
| Efficiency | 63.3% | 67.0% | +3.7 pts | 68.8% | 68.6% | -0.2 pts |
| ROA | 1.49% | 0.98% | -0.50 pts | 1.30% | 0.93% | -0.37 pts |
This read was prepared for Machias 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 Machias 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.MachiasSavings.com
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