Northeast Bank: how it compares with its peers
Against 335 U.S. banks with half to twice its assets, Northeast Bank's strongest measure in Q2 2026 is return on assets (2.53% vs. a 1.32% peer median). Its weakest relative measure is efficiency ratio (35.71% vs. 56.11%).
| Measure | Northeast Bank | Peer median | Rank |
|---|---|---|---|
| Return on assets Annualized net income over average assets. | 2.53% | 1.32% | Top third Ahead of 95% of peers |
| Net interest margin Annualized net interest income over earning assets. | 5.01% | 3.66% | Top third Ahead of 93% of peers |
| Efficiency ratio Noninterest expense per dollar of revenue. Lower is better. | 35.71% | 56.11% | Top third Ahead of 92% of peers |
| Assets per employee Total assets over full-time-equivalent staff. | $22.7M | $9.7M | Top third Ahead of 93% of peers |
| Loans to deposits Net loans and leases over total deposits. | 121.47% | 88.47% | Context |
What it means for lending operations
Its efficiency ratio of 35.71% is better than the 56.11% peer median. Banks that already run lean usually find their next gains in loan growth: faster digital applications and fewer borrowers abandoning a slow document chase.
Banks closest in size
- Southern Bank Poplar Bluff, MO · $5.19B
- Alerus Financial, National Association Grand Forks, ND · $5.28B
- Leader Bank, National Association Arlington, MA · $5.28B
- Barrington Bank & Trust Company, National Association Barrington, IL · $5.17B
- Southern Bank and Trust Company Mount Olive, NC · $5.30B
- Vantage Bank Texas San Antonio, TX · $5.14B
Questions about Northeast Bank
How big is Northeast Bank?
Northeast Bank, established in 1872, is headquartered in Portland, ME. It reported $5.23B in total assets in its Q2 2026 FDIC call report and operates 9 offices.
What is Northeast Bank's return on assets?
2.53% annualized in Q2 2026, against a 1.32% median for 335 U.S. banks with half to twice its assets, ahead of 95% of them.
What is Northeast Bank's efficiency ratio?
35.71% in Q2 2026: it spent about 36 cents in noninterest expense for each dollar of revenue. The peer median is 56.11%, and lower is better.
Is Northeast Bank growing its loans?
Net loans grew 21.1% over the year to Q2 2026, while deposits grew 9.6%.
Sources and method
Figures are from the FDIC’s public call report data for the quarter ending 06/30/2026, via FDIC BankFind. Return on assets and net interest margin are annualized year to date. Peers are U.S. banks with half to twice its assets in the same quarter, excluding this bank. The page refreshes daily, so new quarters appear as banks file. Compare another bank or see every Maine bank ranked.