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

Northeast Bank

Portland, Maine · $5.23B in assets · beside the 11 other New England banks between $3B and $10B (the state alone holds too few in the band to rank)

The filing

2.53%
ROA
1st of 12
35.7%
Efficiency
1st of 12
+21.2%
Loans, year over year
1st of 12, largest first

Northeast Bank is the eighth largest of the 12 New England banks nearest its size between $3B and $10B, with $5.23B in assets at 30 June 2026. Loans are 123.0% of deposits, 10th of 12 against a median of 98.8%, and equity is 11.6% of assets, 4th of 12. Loans grew +21.2% in the year, the fastest in the cohort, and deposits grew 9.6%; the cohort's median loan growth is +2.9%.

Noncurrent loans are 0.55% of the book, 8th of 12 against a median of 0.50%; 0.07% is 30 to 89 days past due, and the allowance covers them 2.3 times. Net charge-offs are 0.23% of loans, the highest in the cohort. Commercial real estate is 66.7% of loans, 11th of 12 against a median of 41.6%, and 464% of capital, above the 300% screen, with construction at 4% against the 100% screen. CRE has grown +85.5% over 36 months, past the guidance's 50% prong.

Return on assets is 2.53%, the highest in the cohort against a median of 0.97%, on an efficiency ratio of 35.7%, the lowest in the cohort. Five years ago it was 6.48%. 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 5.8% of loans).

Return on assetsNew England banks $3B to $10B · 30 June 2026 · higher is stronger, listed first
median 0.97% NB Northeast Bank 2.53% BB Bankwell Bank 1.61% BH Bar Harbor Bank & Trust 1.42% CN Camden National Bank 1.34% HI Hingham Institution for Savings 1.25% IS Institution Savings Newburyport & 1.05% WT Washington Trust Co. of Westerly 0.90% LB Leader Bank National Association 0.85% CC Cape Cod Five Cents Savings Bank 0.75% MS Middlesex Savings Bank 0.72% P Peoplesbank 0.42% CS Cambridge Savings Bank 0.36%
Loans, year over yearNew England banks $3B to $10B · 30 June 2026 · no better direction, largest first
median +2.9% NB Northeast Bank +21.2% BH Bar Harbor Bank & Trust +14.9% BB Bankwell Bank +10.9% LB Leader Bank National Association +10.2% MS Middlesex Savings Bank +6.4% P Peoplesbank +3.1% IS Institution Savings Newburyport & +2.6% CN Camden National Bank +1.3% CS Cambridge Savings Bank +0.9% HI Hingham Institution for Savings -0.7% WT Washington Trust Co. of Westerly -0.8% CC Cape Cod Five Cents Savings Bank -5.1%

SBA 7(a), FY2008 to FY2026

Northeast Bank is the 36th largest 7(a) lender into California of 512, with $445M across 2,403 loans, 0.7% of everything approved in the state (Wells Fargo Bank National Association leads with $5.56B). 144 of its 1,564 markets have had no approvals since before FY2023: an absence in the record, not a stated withdrawal.

Where it lends in California, 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
Los Angeles, CA$134M39th of 3080.7%+2.4 pts
Miami-Dade, FL$61M20th of 2151.5%+2.5 pts
Maricopa, AZ$54M36th of 3030.7%+1.7 pts
Cook, IL$53M27th of 2820.8%+2.2 pts
Orange, CA$50M32nd of 2560.7%+2.4 pts
Broward, FL$45M19th of 2091.5%thin
Harris, TX$39M52nd of 3140.5%+1.1 pts
New York, NY$36M19th of 2081.3%+3.7 pts
San Diego, CA$36M35th of 2380.7%+1.8 pts
Dallas, TX$33M41st of 3140.6%+1.1 pts
Palm Beach, FL$28M24th of 1951.1%thin
Kings, NY$27M26th of 1691.1%+2.9 pts
Queens, NY$26M14th of 1551.4%+3.4 pts
1551 smaller markets not shown.
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
Construction2,437$450M14.9%1.41%12th of 2,063
Accommodation & food services1,462$403M13.4%0.53%48th of 2,596
Retail trade2,004$384M12.7%0.63%32nd of 2,589
Professional & technical services2,184$334M11.1%1.03%19th of 1,955
Health care & social assistance1,407$270M9.0%0.57%33rd of 2,172
7(a) lenders into California, share of approvals since FY2008512 lenders on record; the ten largest and Northeast Bank
WF Wells Fargo Bank National Associa… 8.5% $5.56B · 15,065 loans UB U.S. Bank, National Association 7.3% $4.78B · 14,424 loans LO Live Oak Banking Company 4.5% $2.95B · 2,312 loans EB Enterprise Bank & Trust 4.3% $2.82B · 2,975 loans Bo Bank of Hope 3.9% $2.57B · 6,200 loans CB Columbia Bank 3.6% $2.33B · 3,734 loans JC JPMorgan Chase Bank, National Ass… 2.8% $1.86B · 9,370 loans OB Open Bank 2.5% $1.65B · 1,421 loans HS Harvest Small Business Finance, L… 2.4% $1.59B · 1,278 loans CB Celtic Bank Corporation 2.4% $1.57B · 2,551 loans NB Northeast Bank 0.7% $445M · 2,403 loans

Commercial real estate against capital

Commercial real estate concentrationthe 2006 interagency screens against total risk-based capital; owner-occupied excluded; bold marks a screen met
Northeast BankRankCohort median
Total CRE against capital, the 300% screen464%11th of 12302%
Construction against capital, the 100% screen4%1st of 1226%
Construction and land development, share of loans0.6%1st of 123.8%
Non-owner-occupied nonfarm nonresidential, share of loans51.9%12th of 1225.6%
Total CRE, the guidance definition, share of loans66.7%11th of 1241.6%
CRE growth over 36 months, the third prong+85.5%12th of 12+7.5%

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
Cambridge Savings Bank$6.98B0.4%75.9%1.26%0.09%1.0%108.8%10.2%
Camden National Bank$6.94B1.3%54.4%0.24%0.04%0.9%89.7%10.8%
Washington Trust Co. of Westerly$6.55B0.9%63.9%0.78%0.00%0.8%95.8%8.7%
Middlesex Savings Bank$6.15B0.7%68.2%0.33%0.01%0.9%73.2%13.1%
Cape Cod Five Cents Savings Bank$5.62B0.7%71.8%0.47%0.02%0.5%95.7%10.6%
Institution Savings Newburyport &$5.56B1.1%74.0%0.04%0.00%0.3%126.5%12.5%
Leader Bank National Association$5.28B0.9%63.4%0.03%0.00%1.0%102.9%10.5%
Northeast Bank$5.23B2.5%35.7%0.55%0.23%1.3%123.0%11.6%
Bar Harbor Bank & Trust$4.73B1.4%56.1%0.32%0.19%0.9%93.9%12.6%
Peoplesbank$4.62B0.4%72.0%0.57%0.21%0.6%100.3%8.9%
Hingham Institution for Savings$4.56B1.2%36.3%0.78%0.00%0.8%150.5%11.1%
Bankwell Bank$3.47B1.6%44.2%0.54%0.01%1.0%97.4%10.2%
Five years, 2021 to 2026same quarter, five years apart; dollars as growth, ratios in points
Northeast BankCohort median
20212026Change20212026Change
Loans$1.04B$4.59B+341%$2.81B$4.31B+54%
Deposits$1.88B$3.73B+99%$3.07B$4.06B+32%
NPA / loans1.80%0.55%-1.25 pts0.47%0.50%+0.03 pts
Efficiency20.2%35.7%+15.5 pts57.6%63.6%+6.1 pts
ROA6.48%2.53%-3.95 pts1.29%0.97%-0.32 pts

This read was prepared for Northeast 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 Northeast 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 New England banks $3B to $10B
Institution www.northeastbank.com

Public record only: FFIEC Call Report, 30 June 2026; FDIC data; cohort by New England 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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