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Skowhegan Savings Bank

Skowhegan, ME · Cert 19532

SI · FDIC · 12 branches

Q2 2026

$855.0MAssets
$616.7MLoans
$715.3MDeposits
$124.0MEquity
Loan mix
84%RE $511.6M9%C&I $52.9M8%Consumer $47.6MQ2 2025Q2 2026
Deposit mix
77%Interest-bearing $547.7M23%Noninterest $167.6MQ2 2025Q2 2026

NIM

4.27%Q2 ’244.42%Q2 ’254.60%Q2 ’26+17%+10%

Non-interest income vs. expense

2.40%Q2 ’242.71%Q2 ’252.97%Q2 ’26+17%+11%

Market Position · Bangor, ME · 2026 SOD (annual) · 1.3% share · #9 of 9 inst. · $0.1B of $4.9B

55.9% Somerset
18.1% Franklin
1.3% Penobscot
1.2% Kennebec

Executive Summary

  • Earnings: ROA of 1.58%, up 60 bps year over year; NIM at 3.58%.
  • Asset quality: problem loans at 0.42% of loans (+11 bps YoY), with net recoveries of 0.02%.
  • Capital: tier 1 leverage ratio of 15.81%, up 134 bps from a year ago.
  • Funding: loans stand at 86.21% of deposits as of Q2 2026.

Financial Results

Return on Assets (YTD, annualized)

1.58%+60 bps YoY

Net Interest Margin (YTD, annualized)

3.58%+32 bps YoY

Efficiency Ratio (YTD, annualized)

73.91%+33 bps YoY

Tier 1 Leverage Ratio

15.81%+134 bps YoY

Year to date, annualized, through each quarter.

MetricQ2 2025Q3 2025Q4 2025Q1 2026Q2 2026YoY ΔTrend
Earnings
Return on Assets0.98%1.11%1.07%0.93%1.58%+60 bps
Return on Equity7.78%8.60%8.14%6.60%11.12%+334 bps
Net Interest Margin3.26%3.33%3.39%3.54%3.58%+32 bps
Efficiency Ratio73.58%72.66%73.71%72.19%73.91%+33 bps
Non-Interest Burden2.28%2.29%2.36%2.43%2.52%+24 bps
Growth
Asset Growth (YoY)-4.28%-3.29%0.02%0.08%1.41%+569 bps
Loan Growth (YoY)3.57%0.95%0.45%-0.96%-0.16%-373 bps
Deposit Growth (YoY)-0.39%-0.79%-2.31%-1.84%1.22%+161 bps
Asset Quality
Nonperforming Loans / Loans0.31%0.37%0.43%0.39%0.42%+11 bps
Net Charge-Offs / Loans0.01%0.01%0.02%-0.01%-0.02%-3 bps
Allowance / Loans0.99%0.99%0.97%0.99%1.00%+1 bps
Allowance Coverage of NPLs3.2x2.7x2.2x2.6x2.4x-0.8x
Capital
Tier 1 Leverage Ratio14.47%14.83%15.08%15.38%15.81%+134 bps
Total Risk-Based Capital21.87%22.65%23.90%24.12%23.56%+169 bps
Equity / Assets13.06%13.63%14.00%14.18%14.50%+144 bps
Liquidity & Funding
Loans / Deposits87.40%85.34%86.47%86.51%86.21%-119 bps
Liquid Assets / Assets0.92%1.43%1.00%1.56%0.95%+4 bps
CRE / Total Capitaln/a140.23%130.29%135.16%n/an/a