# NORTHEAST BANK
PORTLAND, ME · FDIC certificate 19690 · asset band $1-10B · latest filing 2026-06 · live

**Verdict on the desk:** this could be *lender to lenders*. Composite score 4 (one point per flag, capital below 5% counted twice; 7 or more is where departures cluster).

## What the filing shows (filed dollars, derived ratios; band percentiles in parentheses)

| Measure | Value | Band median |
|---|---|---|
| Total assets | $5.23B | |
| Deposits | $3.73B | |
| Loans and leases | $4.59B | |
| Total equity | $603.9M | |
| Loans / deposits | 121.47% (p98 of band) | 87.10% |
| Liquid assets / assets | 10.14% (p6 of band) | |
| Uninsured deposits / deposits | 4.05% (p2 of band) | 30.76% |
| Brokered deposits | 33.49% | |
| Wholesale funding | 49.90% (p99 of band) | |
| FHLB advances / assets | 16.05% | |
| Tier 1 leverage | 11.90% (p75 of band) | 10.50% |
| Unrealized securities loss / equity | -1.07% (p87 of band) | -7.75% |
| AOCI / equity | -0.03% (p72 of band) | |
| ROA (annualized) | 2.53% (p96 of band) | 1.26% |
| Net interest margin | 5.01% (p95 of band) | 3.70% |
| Efficiency ratio | 35.71% (p5 of band) | |
| Noncurrent loans | 0.55% (p52 of band) | 0.51% |
| Net charge-offs (annualized) | 0.20% (p86 of band) | |
| Reserve coverage of noncurrent | 231.71% | |
| Real estate % of loans | 75% | |
| Construction % of loans | 4.64% (p8 of band) | |
| Auto loans | $0 (0.00% of loans; DQ –, NCO 0.00%) | |
| Loans to nondepository financials | $892.1M (148% of equity) (p99 of band) | |
| Deposits YoY | 9.6% | |
| Employees | 230 | |

## Flags firing in the latest filing

- **loans exceed deposits** (`liq_ltd`)
- **brokered >10%** (`liq_brokered`)
- **wholesale funding >15%** (`liq_wholesale`)
- **loans-to-lenders >50% equity** (`conc_warehouse`)

## Warning timeline

| Quarter | Score | Flags that first fired | Flags that cleared |
|---|---|---|---|
| 2011-03 | 3 | wholesale funding >15%, expense ratio p90, reserve under noncurrent |  |
| 2011-06 | 3 |  |  |
| 2011-09 | 3 |  |  |
| 2011-12 | 3 |  |  |
| 2012-03 | 4 | uninsured deposits leaving |  |
| 2012-06 | 5 | capital falling |  |
| 2012-09 | 3 |  | wholesale funding >15%, capital falling |
| 2012-12 | 3 |  |  |
| 2013-03 | 1 |  | expense ratio p90, uninsured deposits leaving |
| 2013-06 | 1 |  |  |
| 2013-09 | 1 |  |  |
| 2013-12 | 2 | capital falling |  |
| 2014-03 | 2 |  |  |
| 2014-06 | 1 |  | capital falling |
| 2014-09 | 1 |  |  |
| 2014-12 | 1 |  |  |
| 2015-03 | 1 |  |  |
| 2015-06 | 1 |  |  |
| 2015-09 | 2 | capital falling |  |
| 2015-12 | 1 |  | capital falling |
| 2016-03 | 1 |  |  |
| 2016-06 | 2 | capital falling |  |
| 2016-09 | 2 |  |  |
| 2016-12 | 1 |  | capital falling |
| 2017-03 | 2 | noncurrent p90 |  |
| 2017-06 | 1 |  | noncurrent p90 |
| 2017-09 | 2 | noncurrent p90 |  |
| 2017-12 | 2 |  |  |
| 2018-03 | 1 |  | noncurrent p90 |
| 2018-06 | 1 |  |  |
| 2018-09 | 1 |  |  |
| 2018-12 | 1 |  |  |
| 2019-03 | 1 |  |  |
| 2019-06 | 2 | loans exceed deposits |  |
| 2019-09 | 4 | deposits shrinking, assets shrinking |  |
| 2019-12 | 4 | noncurrent p90, uninsured deposits leaving | deposits shrinking, assets shrinking |
| 2020-03 | 3 |  | loans exceed deposits |
| 2020-06 | 3 |  |  |
| 2020-09 | 2 |  | uninsured deposits leaving |
| 2020-12 | 2 |  |  |
| 2021-03 | 3 | charge-offs p90 |  |
| 2021-06 | 4 | uninsured deposits >50%, capital falling | charge-offs p90 |
| 2021-09 | 2 |  | uninsured deposits >50%, capital falling |
| 2021-12 | 2 |  |  |
| 2022-03 | 5 | brokered >10%, wholesale funding >15%, assets shrinking |  |
| 2022-06 | 5 | deposits shrinking, uninsured deposits leaving | noncurrent p90, wholesale funding >15% |
| 2022-09 | 5 | loans exceed deposits, wholesale funding >15%, capital falling | assets shrinking, deposits shrinking, uninsured deposits leaving |
| 2022-12 | 6 | liquid assets <10% |  |
| 2023-03 | 7 | uninsured deposits leaving |  |
| 2023-06 | 6 |  | capital falling |
| 2023-09 | 5 |  | reserve under noncurrent |
| 2023-12 | 6 | reserve under noncurrent |  |
| 2024-03 | 7 | charge-offs p90 |  |
| 2024-06 | 5 |  | uninsured deposits leaving, charge-offs p90 |
| 2024-09 | 4 |  | reserve under noncurrent |
| 2024-12 | 5 | capital falling |  |
| 2025-03 | 4 |  | capital falling |
| 2025-06 | 3 |  | liquid assets <10% |
| 2025-09 | 4 | liquid assets <10% |  |
| 2025-12 | 5 | loans-to-lenders >50% equity |  |
| 2026-03 | 6 | capital falling |  |
| 2026-06 | 4 |  | liquid assets <10%, capital falling |

## In the news (Google News, unfiltered, newest first; check the city)

- 2026-09-09 [Northeast Bank plans to expand to Bangor early next year - mainebiz.biz](https://news.google.com/rss/articles/CBMijwFBVV95cUxPNnZiNTBmbWN4S21FTzRmd1JDeWx3VW15STBDMlhsUndLb0I5RnZxR0pKZU10MmR5bVNWUHp2b2JTd1l4a3J1OG9EQ1h3UEZWOXo4YXNidDFZRHpCY09XUzNvU2xCZFp4bEltc3FPMTFhMl9NNXVORVhEOUlWTnJSZ0NDaTlpV0NOb3V1YzZLdw?oc=5) · mainebiz.biz
- 2026-07-16 [Northeast Bank Announces Dates for Fiscal 2026 Fourth Quarter Earnings Results and Conference Call - Yahoo Finance](https://news.google.com/rss/articles/CBMipAFBVV95cUxOZjRGZjNQR01zZThBa2M2M0x4ZVFjaEZZR24tNFlvYkNVN0ozNmJMS3B6Nk8ycE0xZ0tuOFo4LXdyZ3lZZG50XzRqdFdjNzFuSTFfdDFKNk00WGczcloySGVuNUZxeEtzM3JfVWlieFZadUNQUzBHYTJGV2E3VWJXVlE3VFYteHp5WHM1eHZYZkRsM3FwTEpfRjV4cGFaRTB6VkU4aA?oc=5) · Yahoo Finance
- 2026-08-30 [Northeast Bank (NBN) Stock Price Lags Record Profit As Margin Risks Linger - simplywall.st](https://news.google.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?oc=5) · simplywall.st
- 2026-04-29 [Northeast Bank breaks ground on replacement for Augusta branch - mainebiz.biz](https://news.google.com/rss/articles/CBMilwFBVV95cUxQUHRYNkJPWUJSdFZSS0RLLWZRUUNPaV80OGxxR0VnRlFhcVUzVUZ3VVVmS0ZUYnhwTkxjamE3VUh5LUY0cUdHZE8xanpnaC04cjBVYmdncUtSZFhFbVdLQmdnMGhwVmhIdGpWcVc4OXIxVkRkQ0hSZ2ZIQ2pWZmhVWWxiUE52c0JmQU01aGFOMFRrMks4dWNN?oc=5) · mainebiz.biz
- 2026-07-28 [Northeast Bank: Strong Q4 Results Validate Its Valuation - Seeking Alpha](https://news.google.com/rss/articles/CBMipgFBVV95cUxNdHpyUk1Odk9yNU0zTE5JZ2FpbFJtU3pJZVFWa2ROYUJKSWpiZ0R0OFBQTURxZm1BdWtQeHpPVEVLWVF0Mi1rb01wS0RNY2gyNjE5ZXFDSTJhVFF4aUJDS2p1Wi1Nd0VRY00zY1RVa2tjYmRQeXAtdXBTd091Ri1QMlkzQ0dNMXRVOXZnQjl0VGdJeFJlaTNZTWtpdUJSZFVwQ2ZqTnhn?oc=5) · Seeking Alpha
- 2026-04-28 [Earnings call transcript: Northeast Bank Q3 2026 results exceed expectations - Investing.com](https://news.google.com/rss/articles/CBMiywFBVV95cUxOVXpHS1A4LUF0Y1RQNXNoX1Q3SzI1MkxTWnVsYWs5VkREOU03dDBzRHdaSFNMc3dpVTVmSkt3aHo1UEs0YW9MdWZmVnpsVlhxSnFfTGZZdV9iLXJ1djBTR2VlWnVhOEdRVzU3cUJYeVZMNXE4dUdVQ1EtYTg4ejVCeWF3UzdMTlZjUXB2OGh0RHFpb0xWc0VKbGVqMUpzakRuUFJoZGlKdlppLWhBelJ2bUk1OHRKejhiZ1NRUjhmNVhBUUFaajZxNS14SQ?oc=5) · Investing.com
- 2026-07-13 [SBA Lenders: Best Options for 2026 - NerdWallet](https://news.google.com/rss/articles/CBMia0FVX3lxTE5DdWRnc194MzUtMzRmYTk0Si1FZ0NvT180RXJJMjFNc0tnMWNuMU1tQ1hVNGxqdlNqeFY1a3gxQ0tNcFBvNGFwVUdYX0ZMd1FUSmkwd29NbERwdFQ5ZUZjOXlucEwyUHg0UjU4?oc=5) · NerdWallet
- 2025-12-17 [Northeast Bank Announces Significant Loan Purchase Volume - GlobeNewswire](https://news.google.com/rss/articles/CBMizAFBVV95cUxNZlJZdFNiY01MNHdVQXNLRFg4cE4tTm02YmFlZHRqRXBjbnBoRC1Yd0wwQThnWGFrajYwWkNHbllxWGJFczF3R01zdUlwUG8td2ttYlBoRXNwVjdhcmE1b2NkYmJIaUdEa3FObTNUQ29JV3dxbm5ldFZiMFU2SGYtOVdiTjFwaTJqT3pzQm4tTDFqVnFSbE5TOUx3aTJkM09FaUp3SURUbUwtTmFYTEEtSEhNTVdQUTR3czRMQ1B1dzFKVEFuZnlZbXNqenI?oc=5) · GlobeNewswire

## How to verify

- Page: https://getbookiq.com/bank-desk/#bank=19690 (click any number for its formula and FFIEC field codes)
- Latest row, JSON: https://getbookiq.com/bank-desk/data/summary.json · history: https://getbookiq.com/bank-desk/data/h/42.json (key "19690", columns cycle, ASSET, DEP, LNLSGR, EQTOT, ltd, liquid_pct, unins_pct, lev, aoci_pct_eq, sec_loss_eq, roa, nim, eff, nc_pct, nco_pct, LNAUTO, auto_dq, auto_nco, LNNDEPD, ndfi_eq, wholesale_pct, dep_yoy, score, flags)
- Field definitions: https://getbookiq.com/dictionary/#bank-LNNDEPD and the rest of the bank dictionary
- Source: FDIC call report via BankFind, dollars in thousands as filed. Departed means stopped filing, which is usually a merger; FAILED is the FDIC's own list.

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Rendered 2026-09-10 from the desks' own data files. Full guide: https://getbookiq.com/guide