Financials
BUILDING STRENGTH and creating stability in 2025
In 2025, Androscoggin Bank delivered strong performance across key financial and strategic metrics, reflecting a year of disciplined execution and steady momentum. Growth in assets, loans, deposits, and capital reinforced the Bank’s financial position, while continued focus on mission, vision, and values ensured that performance remained aligned with long-term purpose. As a result, Androscoggin Bank entered 2026 well-capitalized, positioned, and prepared.
2025 financial highlights
$9.6 million
Net Income
0.56%
Return on Average Assets (ROA)
5.71%
Return on Average Equity (ROE)
103.78%
Loan-to-Deposit Ratio
8%
Loan growth vs. 2024
10%
Asset growth vs. 2024
GROWTH IS IN THE NUMBERS
In 2025, Androscoggin Bank strengthened its financial position across every major measure: from assets, loans, and deposits to capital, revenue, and net income. Together, these indicators reflect a year of disciplined growth, balance sheet strength, and continued momentum heading into 2026.
Performance overview
Growth in earning assets supported sustainable revenue expansion in 2025, while disciplined expense management contributed to solid bottom-line performance. The Bank also achieved net interest margin expansion through loan growth, improved asset repricing, and prudent management of deposit and funding costs.
- Revenue expansion supported by earning asset growth
- Stronger margin driven by loan mix and repricing
- Expense discipline helped sustain bottom-line results
Growth across assets, loans & deposits
With strong contributions from both the deposit and loan portfolios, total assets increased 10% year over year in 2025.
- Loan growth reached 8%, including 10% growth in commercial lending and 6% growth in residential mortgages.
- Deposit growth reached 10% through deeper relationships with existing customers and continued expansion among new households and businesses.
- The Bank also maintained a very low level of uninsured deposits.
Capital strength
Total capital reached $184 million as of December 31, 2025, increasing by more than $38 million from the prior year.
To support long-term expansion, the Bank executed a subordinated debt issuance that further strengthened its capital position while preserving flexibility for future opportunities.
The strong market reception reflected confidence in the Bank’s strategy, performance, and leadership.
We are well-capitalized and well positioned for 2026.
YEAR-OVER-YEAR PERFORMANCE
A LANDMARK year for lending
In 2025, Androscoggin Bank’s mortgage team delivered a landmark year marked by strong volume, statewide recognition, and continued innovation in lending solutions. Greg Dauphinee ranked #3 and Garrett Ryan #5 among Maine’s highest-producing loan officers, while the Bank ranked #3 statewide in mortgage volume with a team of just five officers.
Innovation remained a major focus for the team, including the launch of a revamped Islamic mortgage alternative that closed its first loan in early 2026. Beyond lending, the team also contributed 360 volunteer hours and partnered with Safe Voices during the holidays, to support a large family in need.
Through their work, the mortgage team continues to broaden the Bank’s impact – opening doors, expanding relationships, and helping more Mainers call this place home.
TEAM PRODUCTION
76 Loans / $16M
by mortgage loan officers
73 Loans / $11.5M
by retail lenders
LOOKING AHEAD AT FUTURE GOALS
Through strong financial performance and a landmark year for mortgage lending, Androscoggin Bank entered 2026 with momentum, stability, and continued capacity to serve more people and businesses across Maine.
