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

Passumpsic Savings Bank

Saint Johnsbury, Vermont · $934M in assets · beside the 11 other New England banks between $300M and $1B (the state alone holds too few in the band to rank)

The filing

13.6%
Equity / assets
1st of 12
6.7%
CRE / loans
1st of 12
34.3%
CRE / capital
1st of 12

Passumpsic Savings Bank is the third largest of the 12 New England banks nearest its size between $300M and $1B, with $934M in assets at 30 June 2026. Loans are 87.0% of deposits, 5th of 12 against a median of 91.4%, and equity is 13.6% of assets, the highest in the cohort. Loans grew +3.2% in the year, 10th of 12, and deposits grew 7.3%; the cohort's median loan growth is +6.3%.

Noncurrent loans are 0.71% of the book, 9th of 12 against a median of 0.46%; 1.13% is 30 to 89 days past due, and the allowance covers them 1.5 times. Commercial real estate is 6.7% of loans, the lowest in the cohort against a median of 26.2%, and 34% of capital, below the 300% screen, with construction at 9% against the 100% screen.

Return on assets is 1.34%, 2nd of 12 against a median of 0.58%, on an efficiency ratio of 86.5%, 10th of 12. Five years ago it was 1.30%. The question is what the capital is for: the balance sheet carries less risk than it could.

Commercial real estate, share of loansNew England banks $300M to $1B · 30 June 2026 · lower is stronger, listed first
median 26.2% PS Passumpsic Savings Bank 6.7% WC Winchester Coop Bank 12.3% SB Savings Bank of Walpole 13.1% DB DR Bank 15.6% GC Greenfield Coop Bank 20.8% CH Coastal Heritage Bank 25.9% WF Windsor Federal Bank 26.5% FP Fieldpoint Private Bank & Trust 28.1% SB Savings Bank 29.0% SA Stonehambank A Coop Bank 33.6% FS Franklin Savings Bank 45.4% MC Mechanics Coop Bank 48.3%
Loans, year over yearNew England banks $300M to $1B · 30 June 2026 · no better direction, largest first
median +6.3% DB DR Bank +23.5% WF Windsor Federal Bank +10.6% GC Greenfield Coop Bank +7.9% MC Mechanics Coop Bank +7.0% WC Winchester Coop Bank +6.8% SB Savings Bank of Walpole +6.6% SB Savings Bank +6.0% FS Franklin Savings Bank +5.4% SA Stonehambank A Coop Bank +4.8% PS Passumpsic Savings Bank +3.2% CH Coastal Heritage Bank -3.3% FP Fieldpoint Private Bank & Trust -22.6%

SBA 7(a), FY2008 to FY2026

Passumpsic Savings Bank is the 36th largest 7(a) lender into New Hampshire of 177, with $12M across 82 loans, 0.6% of everything approved in the state (TD Bank, National Association leads with $151M). 7 of its 9 markets have had no approvals since before FY2023: an absence in the record, not a stated withdrawal.

Where it lends in New Hampshire, 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
Coos, NH$7M2nd of 3114.8%quiet FY2018
Caledonia, VT$7M2nd of 2425.4%-30.8 pts
Grafton, NH$3M13th of 562.7%thin
Orleans, VT$1M5th of 194.8%quiet FY2017
Merrimack, NH$571K38th of 620.3%quiet FY2015
Washington, VT$485K21st of 300.7%quiet FY2013
Belknap, NH$412K27th of 500.5%quiet FY2014
Essex, VT$188K3rd of 911.9%quiet FY2014
Chittenden, VT$150K53rd of 580.1%quiet FY2009
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
Retail trade59$6M29.5%0.01%641st of 2,589
Manufacturing24$5M22.4%0.01%722nd of 2,246
Accommodation & food services20$2M8.4%0.00%1307th of 2,596
Agriculture, forestry & fishing16$2M7.9%0.02%355th of 1,007
Real estate & leasing7$2M7.7%0.01%602nd of 1,452
7(a) lenders into New Hampshire, share of approvals since FY2008177 lenders on record; the ten largest and Passumpsic Savings Bank
TB TD Bank, National Association 8.3% $151M · 1,346 loans LO Live Oak Banking Company 6.9% $125M · 110 loans EB Eastern Bank 5.4% $98M · 739 loans PB Primary Bank 5.0% $91M · 246 loans Ma Manufacturers and Traders Trust C… 4.7% $86M · 412 loans CB Citizens Bank, National Associati… 4.0% $72M · 563 loans NB Needham Bank 3.7% $67M · 249 loans RT Rockland Trust Company 3.4% $62M · 258 loans BH Bar Harbor Bank & Trust 2.9% $53M · 374 loans BS Bangor Savings Bank 2.8% $50M · 279 loans PS Passumpsic Savings Bank 0.6% $12M · 82 loans

Commercial real estate against capital

Commercial real estate concentrationthe 2006 interagency screens against total risk-based capital; Tier 1 stands in for the 7 CBLR filers; owner-occupied excluded; bold marks a screen met
Passumpsic Savings BankRankCohort median
Total CRE against capital, the 300% screen34%1st of 12195%
Construction against capital, the 100% screen9%1st of 1236%
Construction and land development, share of loans1.7%1st of 124.8%
Non-owner-occupied nonfarm nonresidential, share of loans4.5%2nd of 1211.1%
Total CRE, the guidance definition, share of loans6.7%1st of 1226.2%
CRE growth over 36 months, the third prong+14.2%5th of 12+17.1%

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
Coastal Heritage Bank$984M0.4%83.1%0.60%0.00%1.1%95.6%11.0%
Winchester Coop Bank$947M0.6%66.1%0.43%0.00%0.4%89.9%11.6%
Passumpsic Savings Bank$934M1.3%86.5%0.71%0.06%1.1%87.0%13.6%
Franklin Savings Bank$931M1.1%61.9%0.50%0.00%0.9%94.3%8.8%
Stonehambank A Coop Bank$918M0.5%75.7%0.32%0.00%1.0%93.0%7.7%
DR Bank$913M2.5%50.6%0.14%0.30%0.7%99.6%9.6%
Greenfield Coop Bank$902M0.6%76.8%0.72%0.00%1.0%69.7%10.9%
Mechanics Coop Bank$899M1.2%61.5%0.03%0.00%0.9%109.8%13.2%
Windsor Federal Bank$895M0.2%74.3%0.99%0.77%0.9%97.8%8.9%
Savings Bank$891M0.4%94.4%0.17%0.00%0.8%84.2%9.4%
Fieldpoint Private Bank & Trust$867M-0.3%119.0%1.93%0.02%1.0%79.2%6.5%
Savings Bank of Walpole$858M0.8%72.5%0.26%-0.06%1.0%81.8%7.7%
Five years, 2021 to 2026same quarter, five years apart; dollars as growth, ratios in points
Passumpsic Savings BankCohort median
20212026Change20212026Change
Loans$581M$655M+13%$482M$705M+46%
Deposits$717M$753M+5%$614M$773M+26%
NPA / loans1.10%0.71%-0.39 pts0.49%0.46%-0.03 pts
Efficiency73.6%86.5%+12.9 pts78.5%75.0%-3.5 pts
ROA1.30%1.34%+0.04 pts0.51%0.58%+0.07 pts

This read was prepared for Passumpsic 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 Passumpsic 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 pack

Prepared 7 September 2026
Filing 30 June 2026
Cohort New England banks $300M to $1B
Institution www.passumpsicbank.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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