Northeast Bank
Northeast Bank reported total assets of $5.2 bn at Q2 2026, up 22.2% on a year earlier, the 280th largest of 497 banks in our US coverage. The CET1 capital ratio at Northeast Bank was 13.46%, and the uninsured share of Northeast Bank was 4.05%. Source: FDIC Call Reports.
Key takeaways
- On noncurrent loans to total loans, Northeast Bank climbed from 389th to 216th among 500 US banks between and (1 = lowest; FDIC Call Reports).
- Northeast Bank has one of the highest loan-to-deposit ratio readings among banks of $1 bn to $10 bn: 121.47% at , against a median of 88.61% across 339 banks (FDIC Call Reports).
- The uninsured share of domestic deposits of Northeast Bank, 4.05% at , places Northeast Bank in the bottom tenth of banks of $1 bn to $10 bn (group median 32.61%; FDIC Call Reports).
What sets Northeast Bank apart
- Few banks of $1 bn to $10 bn report a higher return on equity (ROE) than Northeast Bank, at 22.56% in against a group median of 12.68%.
- Northeast Bank has one of the highest return on assets (ROA) readings among banks of $1 bn to $10 bn: 2.53% at , against a median of 1.32% across 339 banks.
- The efficiency ratio of Northeast Bank, 35.71% at , places Northeast Bank in the bottom tenth of banks of $1 bn to $10 bn (group median 56.87%).
How large is Northeast Bank?
The balance sheet of Northeast Bank at : assets $5.2 bn, deposits $3.7 bn, net loans $4.5 bn (loans equal to 121.47% of deposits). Securities make up 1.8% of total assets at Northeast Bank. Since , when Northeast Bank held $922.3 mn, its assets grew 466.8%. In the year to , deposits at Northeast Bank rose 9.6% while its total assets rose 22.2%. At , Northeast Bank employed 230 full-time equivalent staff across 9 offices, about $22.7 mn of assets per employee and $414.7 mn of deposits per office.
How much funding at Northeast Bank is uninsured?
At Northeast Bank, uninsured deposits (above the FDIC limit) made up 4.05% of domestic deposits at (-0.04 pp on a year earlier); Northeast Bank ranks 485th of 500 on this measure. In dollars, Northeast Bank estimated $151.2 mn of uninsured deposits.
Key facts, Q2 2026
| Metric | Value | Change from a year earlier | US rank |
|---|---|---|---|
| Total deposits | $3.7 bn | +9.6% | 301st of 499 |
| Net loans and leases | $4.5 bn | +21.1% | 228th of 500 |
| Loan-to-deposit ratio | 121.47% | +11.60 pp | 12th of 500 |
| Tier 1 leverage ratio | 11.90% | +0.25 pp | 102nd of 500 |
| Total risk-based capital ratio | 14.71% | +0.01 pp | 194th of 448 |
| Net interest margin | 5.01% | +0.12 pp | 41st of 500 |
| Return on assets (ROA) | 2.53% | +0.44 pp | 25th of 500 |
| Efficiency ratio | 35.71% | -0.45 pp | 37th of 500 (1 = lowest) |
| Unrealized gain/loss on available-for-sale securities | Loss of $827,000 | Widened by $825,000 | |
| Noncurrent loans to total loans | 0.55% | -0.37 pp | 216th of 500 (1 = lowest) |
| Net charge-offs to average loans | 0.23% | +0.09 pp | 361st of 500 (1 = lowest) |
US rank of Northeast Bank: 1 = highest unless marked 1 = lowest.
Balance sheet
Northeast Bank: assets, deposits and loans
- Total assets $5.2bn
- Deposits $3.7bn
- Net loans $4.5bn
Capital and securities
The CET1 ratio of Northeast Bank stood at 13.46% in , +0.01 pp year on year. Low and high at Northeast Bank since : 10.84% () to 22.16% (). Equity capital of Northeast Bank at : $603.9 mn, or 11.6% of total assets. Northeast Bank also reported a total capital ratio of 14.71% for , and a tier 1 leverage ratio of 11.90%.
The available-for-sale portfolio of Northeast Bank showed an unrealized loss of $827,000 at ; the loss widened by $825,000 over the year.
Northeast Bank: capital ratios
- Total capital 15%
- CET1 13%
- Tier 1 leverage 12%
Northeast Bank: unrealized securities gains and losses
- Available for sale -$827,000
- Held to maturity $0
Profitability and loan quality
For the year to , Northeast Bank earned a return on equity of 22.56%; return on assets: 2.53%. Net interest margin at Northeast Bank: 5.01%, +0.12 pp in a year. Northeast Bank net income: $64.2 mn, up 46.2% year on year. The efficiency ratio of Northeast Bank was 35.71%: about 36 cents cost per revenue dollar, against 58 cents at the median peer.
At , noncurrent loans were 0.55% of total loans at Northeast Bank; net charge-offs: 0.23% of average loans. Gross loans and leases at Northeast Bank: $4.6 bn, up 21.2% in a year.
Northeast Bank: profitability
- Return on equity 23%
- Net interest margin 5.0%
- Return on assets 2.5%
Peer group of Northeast Bank
The peer group of Northeast Bank is the 6 banks nearest to it by total assets at : 3 larger and 3 smaller. Of the peers, 1 shares the charter type of Northeast Bank (state nonmember bank), 6 sit in the same size group ($1 bn to $10 bn) and 0 have head offices in Maine. Against them, Northeast Bank shows CET1 ratio 13.46% against a peer median of 11.52%, return on equity 22.56% against a peer median of 15.49% and uninsured deposit share 4.05% against a peer median of 33.45%.
| Bank | Charter | State | Total assets | CET1 ratio | Return on equity | Uninsured share | |
|---|---|---|---|---|---|---|---|
| Southern Bank and Trust Company | State nonmember bank | NC | $5.3 bn | 12.68% | 17.13% | 47.66% | |
| Leader Bank | National bank | MA | $5.3 bn | 19.80% | 7.84% | 31.82% | |
| Alerus Financial | National bank | ND | $5.3 bn | 10.92% | 16.35% | 35.07% | |
| Northeast Bank | State nonmember bank | ME | $5.2 bn | 13.46% | 22.56% | 4.05% | |
| Southern Bank | State member bank | MO | $5.2 bn | 12.12% | 14.63% | 18.89% | |
| Barrington Bank & Trust Company | National bank | IL | $5.2 bn | 10.91% | 12.04% | 23.07% | |
| Vantage Bank Texas | State member bank | TX | $5.1 bn | 10.13% | 18.91% | 48.74% | |
. FDIC Call Reports.
Last eight quarters
Two years at Northeast Bank, to : assets +32.7%, deposits +18.0%, equity +53.8%. Staff 203 to 230.
| Metric | Q3 2024 | Q4 2024 | Q1 2025 | Q2 2025 | Q3 2025 | Q4 2025 | Q1 2026 | Q2 2026 |
|---|---|---|---|---|---|---|---|---|
| Total assets | $3.9 bn | $4.1 bn | $4.2 bn | $4.3 bn | $4.2 bn | $4.9 bn | $5.0 bn | $5.2 bn |
| Total deposits | $3.2 bn | $3.2 bn | $3.3 bn | $3.4 bn | $3.3 bn | $3.9 bn | $3.7 bn | $3.7 bn |
| Bank equity capital | $392.6 mn | $444.1 mn | $467.5 mn | $494.3 mn | $513.6 mn | $536.0 mn | $567.7 mn | $603.9 mn |
| CET1 ratio | 11.45% | 12.66% | 12.73% | 13.45% | 13.86% | 12.47% | 12.95% | 13.46% |
| Return on equity (ROE) | 16.98% | 18.11% | 16.39% | 18.73% | 18.46% | 17.75% | 21.64% | 22.56% |
| Uninsured share of domestic deposits | 3.92% | 4.47% | 4.12% | 4.10% | 4.19% | 3.82% | 4.53% | 4.05% |
| Full-time equivalent employees | 203 | 208 | 210 | 218 | 219 | 219 | 224 | 230 |
| Number of offices | 9 | 9 | 9 | 9 | 9 | 9 | 9 | 9 |
FDIC Call Reports.
Mergers and acquisitions
Large one-quarter moves at Northeast Bank
- Total assets at Northeast Bank changed by +38.9% in the quarter to 2021-03-31, with no FDIC structure event in that quarter.
- Total assets at Northeast Bank changed by +26.8% in the quarter to 2021-06-30, with no FDIC structure event in that quarter.
- Total assets at Northeast Bank changed by -36.4% in the quarter to 2021-09-30, with no FDIC structure event in that quarter.
- Total assets at Northeast Bank changed by +61.2% in the quarter to 2022-12-31, with no FDIC structure event in that quarter.
- Total assets at Northeast Bank changed by +25.8% in the quarter to 2024-09-30, with no FDIC structure event in that quarter.
Questions and identifiers
What were the total assets of Northeast Bank?
Northeast Bank reported $5.2 bn at in its Call Report. That makes Northeast Bank the 280th largest of 497 banks in our US coverage.
Is Northeast Bank profitable?
Northeast Bank reported net income of $64.2 mn for the year to ; annualized return on equity: 22.56%. So yes: Northeast Bank made a profit over these months.
When is data for Northeast Bank next updated?
Figures from Northeast Bank for are due after .
Where can I check the figures for Northeast Bank?
In the FDIC BankFind Suite record for certificate 19690, and in the Call Reports of Northeast Bank (RSSD ID 468806) at the FFIEC Central Data Repository.