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Mechanics' Savings Bank

Auburn, ME · Cert 17476

FDIC · 4 branches

Q4 2019

Board Package

Performance Trends and Peer Comparison

Part 1Performance Trends, own institution only2
Part 2Peer Comparison, not published for this institution and quartern/a

Basis

Quarter: Q4 2019, the quarter ended December 31, 2019, on both parts.

Income statement: year to date as filed, annualized, on both parts.

Balance sheet: as filed at quarter end.

Peer group

No peer standings are published for this institution and quarter.

Peer groups below the disclosure floor are suppressed.

Source: FFIEC Call Report (031/041/051), as filed. Dollar figures derived from reported amounts in thousands. Ratios computed by CallReports.ai using published regulatory formulas.

CallReports · callreports.ai · Board PackageGenerated 2026-10-11

Mechanics' Savings Bank

Auburn, ME · Cert 17476

FDIC · 4 branches

Q4 2019

$424.7MAssets
$359.3MLoans
$321.7MDeposits
$55.9MEquity
Loan mix
88%RE $275.7M11%C&I $35.7M1%Consumer $3.5MQ4 2018Q4 2019
Deposit mix
83%Interest-bearing $267.9M17%Noninterest $53.8MQ4 2018Q4 2019

NIM

4.24%Q4 ’174.42%Q4 ’184.46%Q4 ’190%-5%

Non-interest income vs. expense

2.78%Q4 ’172.66%Q4 ’182.57%Q4 ’19-5%-5%

Market Position · Lewiston-Auburn, ME · 2019 SOD (annual) · 13.6% share · #4 of 9 inst. · $0.3B of $2.0B

13.6% Androscoggin
0.4% Cumberland

Executive Summary

  • Earnings: ROA of 0.93%, down 5 bps year over year; NIM at 3.37%.
  • Asset quality: problem loans at 0.51% of loans (-17 bps YoY), with net charge-offs at 0.01%.
  • Capital: tier 1 leverage ratio of 13.65%, up 62 bps from a year ago.
  • Funding: loans stand at 111.68% of deposits as of Q4 2019.

Financial Results

Return on Assets (YTD, annualized)

0.93%-5 bps YoY

Net Interest Margin (YTD, annualized)

3.37%-19 bps YoY

Efficiency Ratio (YTD, annualized)

70.59%+70 bps YoY

Tier 1 Leverage Ratio

13.65%+62 bps YoY

Year to date, annualized, through each quarter.

MetricQ4 2018Q1 2019Q2 2019Q3 2019Q4 2019YoY ΔTrend
Earnings
Return on Assets0.98%0.92%0.88%0.91%0.93%-5 bps
Return on Equity8.09%7.29%6.98%7.19%7.30%-79 bps
Net Interest Margin3.56%3.45%3.38%3.38%3.37%-19 bps
Efficiency Ratio69.90%75.61%74.07%71.74%70.59%+70 bps
Non-Interest Burden2.41%2.56%2.44%2.35%2.29%-12 bps
Growth
Asset Growth (YoY)4.07%2.47%5.49%3.76%2.93%-114 bps
Loan Growth (YoY)2.98%1.40%4.95%2.31%2.53%-46 bps
Deposit Growth (YoY)6.96%6.37%4.82%8.26%7.32%+35 bps
Asset Quality
Nonperforming Loans / Loans0.68%0.62%0.63%0.64%0.51%-17 bps
Net Charge-Offs / Loans0.04%0.01%0.01%0.00%0.01%-3 bps
Allowance / Loans0.80%0.81%0.79%0.83%0.83%+3 bps
Allowance Coverage of NPLs1.2x1.3x1.3x1.3x1.6x+0.5x
Capital
Tier 1 Leverage Ratio13.03%13.35%13.32%13.39%13.65%+62 bps
Total Risk-Based Capital17.23%17.57%17.37%17.87%18.01%+78 bps
Equity / Assets12.43%12.75%12.61%12.98%13.17%+74 bps
Liquidity & Funding
Loans / Deposits116.90%114.98%115.98%110.37%111.68%-522 bps
Liquid Assets / Assets0.00%0.00%1.38%1.32%0.28%+28 bps
CRE / Total Capitaln/an/an/an/an/an/an/a