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

Primary Bank

Bedford, New Hampshire · $770M in assets · beside the 9 other New Hampshire banks between $300M and $1B

The filing

48.7%
CRE / loans
10th of 10
1.48%
NPA / loans
10th of 10
1.75%
ROA
1st of 10

Primary Bank earned 1.75% on assets in the year to June 2026, the highest of the ten New Hampshire banks between $300M and $1B, on an efficiency ratio of 45.6% against a median of 79.8%. Equity is 15.8% of assets, also first. Loans grew 8.5%, third.

The book is 48.7% commercial real estate and 12.8% construction, both the highest in the cohort against medians of 17.0% and 5.7%. Noncurrent loans are 1.48%, tenth of ten, though down from 2.23% a year ago, and 1.03% is 30 to 89 days past due, also tenth.

The allowance covers noncurrent loans 0.7 times against a median of 2.0. Primary is the fourth largest 7(a) lender into New Hampshire and has lost 12 to 26 points of share in its three largest markets over the last three years.

Construction, share of loansNH banks $300M to $1B · 30 June 2026 · lower is stronger, listed first
median 5.7% Piscataqua Savings Bank 0.4% Savings Bank of Walpole 3.6% First Seacoast Bank 3.7% Sugar River Bank 4.5% Franklin Savings Bank 5.0% Profile Bank 6.3% Claremont Savings Bank 6.4% Salem Coop Bank 7.6% Millyard Bank 7.8% Primary Bank 12.8%
Noncurrent loans, share of loansNH banks $300M to $1B · 30 June 2026 · lower is stronger, listed first
median 0.29% Piscataqua Savings Bank 0.00% Profile Bank 0.02% First Seacoast Bank 0.03% Salem Coop Bank 0.26% Savings Bank of Walpole 0.26% Sugar River Bank 0.33% Claremont Savings Bank 0.45% Franklin Savings Bank 0.50% Millyard Bank 0.85% Primary Bank 1.48%

SBA 7(a), FY2008 to FY2026

Primary Bank is the 4th largest 7(a) lender into New Hampshire of 177, with $91M across 246 loans, 5.0% of everything approved in the state (TD Bank, National Association leads with $151M). 11 of its 19 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
Rockingham, NH$31M6th of 1085.7%-11.7 pts
Hillsborough, NH$29M5th of 1176.1%-15.8 pts
Merrimack, NH$16M3rd of 628.4%-26.4 pts
Strafford, NH$9M3rd of 576.1%-0.5 pts
Norfolk, MA$4M45th of 1450.5%quiet FY2021
Middlesex, MA$3M65th of 1900.2%-0.4 pts
Belknap, NH$3M10th of 503.7%thin
Essex, MA$2M55th of 1290.2%+0.0 pts
Providence, RI$1M47th of 990.2%-0.9 pts
Grafton, NH$1M28th of 561.1%quiet FY2022
Carroll, NH$770K26th of 471.1%quiet FY2020
Lenoir, NC$750K8th of 172.2%quiet FY2022
York, ME$500K38th of 670.2%quiet FY2022
6 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
Manufacturing20$15M14.5%0.04%353rd of 2,246
Construction39$15M14.4%0.05%290th of 2,063
Accommodation & food services53$14M13.1%0.02%488th of 2,596
Health care & social assistance18$13M12.3%0.03%334th of 2,172
Wholesale trade18$12M11.3%0.05%266th of 1,651
7(a) lenders into New Hampshire, share of approvals since FY2008177 lenders on record; the ten largest and Primary Bank
TD Bank, National Association 8.3% $151M · 1,346 loans Live Oak Banking Company 6.9% $125M · 110 loans Eastern Bank 5.4% $98M · 739 loans Primary Bank 5.0% $91M · 246 loans Manufacturers and Traders Trust C… 4.7% $86M · 412 loans Citizens Bank, National Associati… 4.0% $72M · 563 loans Needham Bank 3.7% $67M · 249 loans Rockland Trust Company 3.4% $62M · 258 loans Bar Harbor Bank & Trust 2.9% $53M · 374 loans Bangor Savings Bank 2.8% $50M · 279 loans

Commercial real estate against capital

Commercial real estate concentrationthe 2006 interagency screens against total risk-based capital; Tier 1 stands in for the 6 CBLR filers; owner-occupied excluded; bold marks a screen met
Primary BankRankCohort median
Total CRE against capital, the 300% screen253%8th of 10121%
Construction against capital, the 100% screen66%10th of 1041%
Construction and land development, share of loans12.8%10th of 105.7%
Non-owner-occupied nonfarm nonresidential, share of loans28.4%10th of 105.7%
Total CRE, the guidance definition, share of loans48.7%10th of 1017.0%
CRE growth over 36 months, the third prong+24.9%6th of 10+24.2%

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
Franklin Savings Bank$931M1.1%61.9%0.50%0.00%0.9%94.3%8.8%
Savings Bank of Walpole$858M0.8%72.5%0.26%-0.06%1.0%81.8%7.7%
Primary Bank$770M1.8%45.6%1.48%0.09%1.0%104.2%15.8%
Claremont Savings Bank$620M0.3%88.4%0.45%-0.02%0.9%103.5%11.7%
Salem Coop Bank$580M0.3%84.7%0.26%0.04%0.6%119.8%11.0%
First Seacoast Bank$576M-0.1%102.8%0.03%0.00%0.8%89.3%8.2%
Sugar River Bank$424M0.6%76.5%0.33%0.03%0.6%80.5%11.6%
Piscataqua Savings Bank$373M0.4%83.1%0.00%0.00%0.7%66.4%11.1%
Millyard Bank$333M0.6%68.5%0.85%0.00%0.9%95.4%9.2%
Profile Bank$317M0.3%90.6%0.02%0.01%0.4%71.0%8.9%
Five years, 2021 to 2026same quarter, five years apart; dollars as growth, ratios in points
Primary BankCohort median
20212026Change20212026Change
Loans$500M$671M+34%$348M$454M+31%
Deposits$577M$644M+12%$366M$439M+20%
NPA / loans0.42%1.48%+1.06 pts0.38%0.29%-0.09 pts
Efficiency43.7%45.6%+1.9 pts82.4%79.8%-2.6 pts
ROA1.16%1.75%+0.59 pts0.48%0.50%+0.02 pts

This read was prepared for Primary 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 Primary 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 6 September 2026
Filing 30 June 2026
Cohort NH banks $300M to $1B
Institution www.primarybanknh.com

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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