PackageTrendsPeer
Letter portraitLegal landscapeQuarterYTD

Kennebec Savings Bank

Augusta, ME · Cert 17897 · Kennebec Savings MHC

SI · FDIC · 8 branches

Q2 2026

$1.9BAssets
$1.6BLoans
$1.4BDeposits
$251.2MEquity
Loan mix
94%RE $1.4B6%C&I $0.1B0%Consumer $0.0BQ3 2024Q2 2026
Deposit mix
90%Interest-bearing $1.3B10%Noninterest $0.1BQ3 2024Q2 2026

Market Position · Portland-South Portland, ME · 2026 SOD (annual) · 0.6% share · #17 of 23 inst. · $0.1B of $22.8B

41.0% Kennebec
0.9% Cumberland

Executive Summary

  • Earnings: ROA of 2.16%, up 65 bps year over year; NIM at 2.98%.
  • Asset quality: problem loans at 0.46% of loans (+10 bps YoY), with net charge-offs at 0.00%.
  • Capital: tier 1 leverage ratio of 13.96%, up 73 bps from a year ago.
  • Funding: loans stand at 111.48% of deposits as of Q2 2026.

Return on Assets (quarter, annualized)

2.16%1+65 bps YoY

Net Interest Margin (quarter, annualized)

2.98%+23 bps YoY

Efficiency Ratio (quarter, annualized)

73.19%-142 bps YoY

Tier 1 Leverage Ratio

13.96%+73 bps YoY

NIM

4.55%Q2 ’244.74%Q2 ’254.77%Q2 ’26+20%+8%

Non-interest income vs. expense

2.39%Q2 ’242.34%Q2 ’252.46%Q2 ’26-4%+6%

Discrete quarter, annualized.

MetricQ3 2024Q4 2024Q1 2025Q2 2025Q3 2025Q4 2025Q1 2026Q2 2026YoY ΔTrend
Earnings
Return on Assets1.04%1-0.05%0.44%1.51%11.43%1.16%0.56%2.16%1+65 bps
Return on Equity8.40%-0.42%3.55%12.04%11.15%8.88%4.29%16.23%+418 bps
Net Interest Margin2.37%2.51%2.59%2.75%2.88%2.98%2.93%2.98%+23 bps
Efficiency Ratio87.26%87.70%78.29%74.61%72.02%73.98%69.55%73.19%-142 bps
Non-Interest Burden2.02%2.16%1.95%1.95%1.97%2.09%1.93%2.08%+12 bps
Growth
Asset Growth (YoY)4.26%3.18%2.48%3.35%3.23%3.25%3.88%4.52%+117 bps
Loan Growth (YoY)1.15%1.80%2.73%3.73%4.46%3.85%4.13%4.94%+121 bps
Deposit Growth (YoY)0.62%3.28%3.76%3.18%3.57%2.96%3.81%3.93%+74 bps
Asset Quality
Nonperforming Loans / Loans0.33%0.31%0.33%0.36%0.36%0.42%0.46%0.46%+10 bps
Net Charge-Offs / Loans0.01%0.00%0.01%-0.01%0.02%0.00%0.00%0.00%+1 bps
Allowance / Loans0.61%0.61%0.62%0.61%0.61%0.61%0.61%0.61%0 bps
Allowance Coverage of NPLs1.8x1.9x1.9x1.7x1.7x1.4x1.3x1.3x-0.4x
Capital
Tier 1 Leverage Ratio13.08%12.91%12.94%13.22%13.41%13.60%13.60%13.96%+73 bps
Total Risk-Based Capital18.01%17.60%17.59%17.68%17.92%18.07%18.27%18.02%+34 bps
Equity / Assets12.60%12.21%12.45%12.62%12.98%13.12%13.20%13.42%+80 bps
Liquidity & Funding
Loans / Deposits109.06%108.97%109.33%110.40%109.99%109.91%109.67%111.48%+108 bps
Liquid Assets / Assets2.93%2.38%2.08%2.20%1.82%1.97%1.95%1.90%-31 bps
CRE / Total Capitaln/an/an/an/a162.14%157.60%158.17%n/an/a