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Machias Savings Bank

Machias, ME · Cert 19531 · Machias Bcorp MHC

SI · FDIC · 16 branches

Q2 2026

$2.7BAssets
$2.3BLoans
$2.3BDeposits
$306.1MEquity
Loan mix
86%RE $1.8B14%C&I $0.3B0%Consumer $0.0BQ2 2025Q2 2026
Deposit mix
89%Interest-bearing $2.0B11%Noninterest $0.3BQ2 2025Q2 2026

NIM

5.06%Q2 ’245.31%Q2 ’255.45%Q2 ’26+25%+13%

Non-interest income vs. expense

2.67%Q2 ’242.54%Q2 ’252.65%Q2 ’26-5%+7%

Market Position · Bangor, ME · 2026 SOD (annual) · 11.3% share · #3 of 9 inst. · $0.6B of $4.9B

57.0% Washington
11.3% Penobscot
3.1% Cumberland
19.7% Aroostook

Executive Summary

  • Earnings: ROA of 1.11%, up 5 bps year over year; NIM at 3.51%.
  • Asset quality: problem loans at 0.40% of loans (-4 bps YoY), with net charge-offs at 0.03%.
  • Capital: tier 1 leverage ratio of 12.12%, up 69 bps from a year ago.
  • Funding: loans stand at 99.07% of deposits as of Q2 2026.

Financial Results

Return on Assets (quarter, annualized)

1.11%+5 bps YoY

Net Interest Margin (quarter, annualized)

3.51%+41 bps YoY

Efficiency Ratio (quarter, annualized)

65.80%-366 bps YoY

Tier 1 Leverage Ratio

12.12%+69 bps YoY

Discrete quarter, annualized.

MetricQ2 2025Q3 2025Q4 2025Q1 2026Q2 2026YoY ΔTrend
Earnings
Return on Assets1.06%0.86%1.02%0.87%1.11%+5 bps
Return on Equity10.10%8.04%9.43%7.90%9.76%-34 bps
Net Interest Margin3.11%3.28%3.43%3.38%3.51%+41 bps
Efficiency Ratio69.46%67.68%70.27%68.22%65.80%-366 bps
Non-Interest Burden1.99%2.04%2.24%2.14%2.13%+14 bps
Growth
Asset Growth (YoY)0.32%-0.62%4.10%3.16%2.30%+198 bps
Loan Growth (YoY)3.59%2.95%0.66%0.02%1.68%-191 bps
Deposit Growth (YoY)14.30%8.17%1.00%4.42%-0.89%-1,519 bps
Asset Quality
Nonperforming Loans / Loans0.44%0.53%0.42%0.41%0.40%-4 bps
Net Charge-Offs / Loans-0.02%0.00%0.08%0.04%0.03%+5 bps
Allowance / Loans0.88%0.91%0.92%0.95%0.90%+2 bps
Allowance Coverage of NPLs2.0x1.7x2.2x2.3x2.2x+0.3x
Capital
Tier 1 Leverage Ratio11.42%11.60%11.51%11.81%12.12%+69 bps
Total Risk-Based Capital14.15%14.34%14.99%15.02%14.95%+79 bps
Equity / Assets10.56%10.87%10.79%11.28%11.46%+90 bps
Liquidity & Funding
Loans / Deposits96.56%97.24%93.21%96.51%99.07%+250 bps
Liquid Assets / Assets1.40%1.95%8.48%5.40%2.64%+123 bps
CRE / Total Capitaln/a376%357%351%n/an/a