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First Federal Savings and Loan Association of Bath

Bath, ME · Cert 29636

State savings bank · OCC · 5 branches

Q2 2026

$189.1MAssets
$148.5MLoans
$144.4MDeposits
$28.7MEquity
Loan mix
98%RE $146.1M1%C&I $1.4M1%Consumer $1.3MQ2 2025Q2 2026
Deposit mix
90%Interest-bearing $129.9M10%Noninterest $14.5MQ2 2025Q2 2026

NIM

4.18%Q2 ’244.50%Q2 ’254.67%Q2 ’26+7%+11%

Non-interest income vs. expense

3.21%Q2 ’243.25%Q2 ’253.50%Q2 ’26+2%+8%

Market Position · Portland-South Portland, ME · 2026 SOD (annual) · 0.4% share · #18 of 23 inst. · $0.1B of $22.8B

9.8% Sagadahoc
3.0% Lincoln

Executive Summary

  • Earnings: ROA of 0.43%, up 10 bps year over year; NIM at 3.60%.
  • Asset quality: problem loans at 2.89% of loans (+77 bps YoY), with net charge-offs at 0.09%.
  • Capital: tier 1 leverage ratio of 14.79%, up 30 bps from a year ago.
  • Funding: loans stand at 102.86% of deposits as of Q2 2026.

Financial Results

Return on Assets (quarter, annualized)

0.43%+10 bps YoY

Net Interest Margin (quarter, annualized)

3.60%+37 bps YoY

Efficiency Ratio (quarter, annualized)

86.38%-226 bps YoY

Tier 1 Leverage Ratio

14.79%+30 bps YoY

Discrete quarter, annualized.

MetricQ2 2025Q3 2025Q4 2025Q1 2026Q2 2026YoY ΔTrend
Earnings
Return on Assets0.33%0.51%0.20%0.56%0.43%+10 bps
Return on Equity2.22%3.41%1.31%3.64%2.84%+62 bps
Net Interest Margin3.24%3.41%3.56%3.67%3.60%+37 bps
Efficiency Ratio88.64%83.15%92.03%82.87%86.38%-226 bps
Non-Interest Burden2.82%2.76%3.24%2.97%3.05%+23 bps
Growth
Asset Growth (YoY)2.95%2.62%1.97%0.15%1.90%-105 bps
Loan Growth (YoY)6.02%6.19%3.65%2.91%1.08%-494 bps
Deposit Growth (YoY)1.94%3.22%-1.25%-0.26%3.36%+142 bps
Asset Quality
Nonperforming Loans / Loans2.11%2.30%2.31%2.49%2.89%+77 bps
Net Charge-Offs / Loans0.04%-0.01%-0.02%0.00%0.09%+6 bps
Allowance / Loans1.33%1.31%1.27%1.27%1.25%-8 bps
Allowance Coverage of NPLs0.6x0.6x0.5x0.5x0.4x-0.2x
Capital
Tier 1 Leverage Ratio14.49%14.67%14.73%14.65%14.79%+30 bps
Total Risk-Based Capital27.17%27.14%26.89%27.20%27.19%+3 bps
Equity / Assets14.90%14.99%15.21%15.29%15.18%+28 bps
Liquidity & Funding
Loans / Deposits105.18%102.11%106.32%103.75%102.86%-232 bps
Liquid Assets / Assets5.29%4.73%4.13%4.03%4.91%-38 bps
CRE / Total Capitaln/a47.25%51.84%49.03%n/an/a