Northeast Bank in Lewiston, Maine (ME)
Overview, Financial Summary, Detailed Financial Reports, Branches


Northeast Bank - Overview

  • General
  • FDIC Certificate #: 19690
    Status: Active
    Federal Reserve ID: 468806
    Bank Holding Company (Regulatory Top Holder): Northeast Bancorp (RSSDID: 2324111, Location: Lewiston, ME)
    Date Established: Febuary 05, 1872
    WWW: http://www.northeastbank.com
    Trust Powers Granted: Yes
    Bank Charter Class: Commercial bank, state charter and Fed member, supervised by the Federal Reserve (FRB)
    Offices: 11 (Domestic: 11, Interstate: No)
    OTS Docket #: 7705
    FDIC's unique #: 13489
    Numeric code: 13
    Regulator: FED
    Insurance Fund Membership: Deposit Insurance Fund (DIF)
    Insured commercial Banks: Yes
    FDIC Insured: Yes
    Deposit Insurance Fund member: Yes
    Ownership Type: Non-Stock
    FFIEC Call Report 31 Filer: No
    State Chartered: Yes
    Subchapter S Corporations: No
    Asset Concentration Hierarchy: Commercial Lending Specialization
    Date of Deposit Insurance: March 16, 1967
    Last Structure Change Effective Date: March 31, 2006
    Last Structure Change Process Date: November 03, 2006
    Last Data Update: November 03, 2006
    Data Source Date: April 05, 2012
  • Location
  • Address: 500 Canal Street, Lewiston, ME 4240
    County: Androscoggin
    Quarterly Banking Profile Region: New York
    FDIC Geographic Region: New York
    FDIC Supervisory Region: New York
    FDIC Field Office: Concord
    Office of the Comptroller the Currency (OCC) District: Northeast
    Office of Thrift Supervision Region: Northeast
    Metropolitan Statistical Area (MSA): Lewiston-Auburn, ME (#4240)
    Combined Statistical Area (CSA): Portland-Lewiston-South Portland, ME (#438)
    Core Based Statistical Area (CBSA): Lewiston-Auburn, ME (#30340)
    CBSA Metro Statistical Area: Lewiston-Auburn, ME (#30340)
  • History of Changes
  • Merge BIF and SAIF Funds into DIF
  • Financial Summary
  • Total assets: $587.1 mil
    Equity capital: $71.7 mil
    Deposits held in domestic offices: $401.6 mil
    Return on assets (ROA): 0.06% ($0.4 mil)
    Quarterly return on assets: 0.20% ($1.2 mil)
    Return on Equity (ROE): 0.51% ($0.4 mil)
    Quarterly return on equity: 1.62% ($1.2 mil)
    Net income: $0.4 mil
    Quarterly Net income: $0.3 mil
    Pretax return on assets: 0.03% ($176.1 mil)
    Quarterly Pretax return on assets: 0.28% ($1,643.8 mil)

1992 - 1999 Historical total assets, liabilities and capital ($ mil)

2000 - 2011 Historical total assets, liabilities and capital ($ mil)

Historical Total Incomes ($ mil)

Historical Total Expenses ($ mil)

Historical total employees (full-time equivalent)

Assets and Liabilities (December 31, 2011)

  • Dollar figures in thousands
  • 197Total employees (full-time equivalent)
  • $587,085Total assets
  • $57,655Cash and due from depository institutions
  • $54,558Interest-bearing balances
  • $139,480Securities
  • $0Federal funds sold & reverse repurchase agreements
  • $352,329Net loans & leases
  • $5,436Loan loss allowance
  • $0Trading account assets
  • $8,350Bank premises and fixed assets
  • $824Other real estate owned
  • $94Goodwill and other intangibles
  • $587,085Life insurance assets
  • $28,353All other assets
  • $515,402Total liabilities and capital
  • $401,552Total liabilities
  • $356,337Total deposits
  • $401,552Interest-bearing deposits
  • $96Deposits held in domestic offices
  • 66744.00%% insured (estimated)
  • $0Federal funds purchased & repurchase agreements
  • $44,494Trading liabilities
  • $0Other borrowed funds
  • $2,612Subordinated debt
  • $71,683All other liabilities
  • $71,683Total equity capital
  • $71,683Total bank equity capital
  • $0Perpetual preferred stock
  • $191Common stock
  • $28,850Surplus
  • $42,642Undivided profits
  • Memoranda
  • $0Noncurrent loans and leases
  • $8,189Noncurrent loans that are wholly or partially guaranteed by the U.S. government
  • $8,439Income earned, not collected on loans
  • $1,013Earning assets
  • $1,755Long-term assets (5+ years)
  • $546,367Average Assets, year-to-date
  • $190,699Average Assets, quarterly
  • $599,786Volatile liabilities
  • $583,173Insider loans
  • $367,209FHLB advances
  • $583,399Loans and leases held for sale
  • $14,784Unused loan commitments
  • $8,175Tier 1 (core) risk-based capital
  • $71,086Tier 2 risk-based capital
  • $0Total risk weighted assets
  • $6,609Total unused commitments
  • $46,970Restructured Loans and leases
  • $1,757Derivatives

Income and Expense (December 31, 2011)

  • Dollar figures in thousands
  • $24,281Total interest income
  • $9,490Total interest expense
  • $14,791Net interest income
  • $673Provision for loan and lease losses
  • $12,080Total noninterest income
  • $179Fiduciary activities
  • $671Service charges on deposit accounts
  • $0Trading account gains & fees
  • $11,230Additional noninterest income
  • $31,291Total noninterest expense
  • $17,460Salaries and employee benefits
  • $3,450Premises and equipment expense
  • $10,381Additional noninterest expense
  • -$5,093Pre-tax net operating income
  • $5,243Securities gains (losses)
  • -$217Applicable income taxes
  • $367Income before extraordinary items
  • $0Extraordinary gains - net
  • $367Net income attributable to bank
  • $0Net charge-offs
  • $367Cash dividends
  • $1,217Sale, conversion, retirement of capital stock, net
  • $0Net operating income

Performance and Condition Ratios (December 31, 2011)

  • Dollar figures in thousands
  • Performance Ratios (%, annualized)
  • 4.38%Yield on earning assets
  • 1.71%Cost of funding earning assets
  • 2.67%Net interest margin
  • 2.18%Noninterest income to earning assets
  • 5.64%Noninterest expense to earning assets
  • -0.81%Net operating income to assets
  • 0.06%Return on assets (ROA)
  • 0.03%Pretax return on assets
  • 0.51%Return on equity (ROE)
  • 0.51%Retained earnings to average equity (YTD only)
  • 0.36%Net charge-offs to loans
  • 55.30%Credit loss provision to net charge-offs
  • -3.63%Efficiency ratio
  • 106,300Assets per employee
  • 2.98%Cash dividends to net income (YTD only)
  • Condition Ratios (%)
  • 0.00%Loss allowance to loans
  • 1.52%Loss allowance to noncurrent loans
  • 64.42%Noncurrent assets plus other real estate owned to assets
  • 1.58%Noncurrent loans to loans
  • 2.36%Net loans and leases to deposits
  • 87.74%Net loans and leases to core deposits
  • 91.82%Equity capital to assets
  • 12.21%Core capital (leverage) ratio
  • 12.18%Tier 1 risk-based capital ratio
  • 19.36%Total risk-based capital ratio
  • Memoranda
  • $21Average assets
  • $599,786Average earning assets
  • $72,515Average equity
  • $554,473Average loans

Total Fiduciary and Related Assets (December 31, 2010)

  • Dollar figures in thousands
  • $1Total fiduciary and related assets
  • 1Number of Fiduciary Accounts and Related Asset Accounts
  • YesFiduciary powers granted
  • YesFiduciary or related activity
  • $81,019Managed Assets
  • 1Number of Accounts
  • $76,015Personal trust and agency accounts
  • $9,012Employee benefit-defined contribution accounts
  • $2,352Employee benefit-defined benefit accounts
  • $0Other retirement accounts
  • $0Corporate trust and agency accounts
  • $0Investment management agency accounts
  • $22,366Other fiduciary accounts
  • $0Fiduciary accounts held in foreign offices
  • $42,285Non-managed Assets
  • 108Number of Accounts
  • $0Personal trust and agency accounts
  • $0Employee benefit-defined contribution accounts
  • $0Employee benefit-defined benefit accounts
  • $5,004Other retirement accounts
  • $2,286Corporate trust and agency accounts
  • $0Other fiduciary accounts
  • $678Fiduciary accounts held in foreign offices

List of branches

  • 11 Maine Branches as of April 05, 2012
  • NoIDNameAddressEstablishedService TypeMap
    013489Northeast Bank500 Canal Street, Lewiston, ME 4240Febuary 05, 1872Full Service Brick and Mortar
    1249240Harrison BranchMain Street, Harrison, ME 4040May 12, 1975Full Service Brick and Mortar
    2249241Oxford Hill Branch235 Main Street, South Paris, ME 4281March 27, 1978Full Service Brick and Mortar
    5249244Buckfield Branch2 Depot Street, Buckfield, ME 4220October 31, 1994Full Service Brick and Mortar
    642675186 Main Street Branch186 Maine Street, Brunswick, ME 4011January 01, 1888Full Service Brick and Mortar
    9249245Auburn Branch232 Center Street, Auburn, ME 4210Febuary 10, 1997Full Service Brick and Mortar
    11262213Augusta Branch235 Western Avenue, Augusta, ME 4330March 29, 1993Full Service Brick and Mortar
    13442637Portland Branch77 Middle Street, Portland, ME 4101November 04, 2002Full Service Brick and Mortar
    14442942Bethel Branch11 Main Street, Bethel, ME 4217July 01, 1997Full Service Brick and Mortar
    15453457Lewiston Gateway Branch500 Canal Street, Lewiston, ME 4240August 29, 2005Full Service Brick and Mortar
    16510427Poland Branch1399 Maine Street, Poland, ME 4274Febuary 12, 2010Full Service Brick and Mortar

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