Northeast Bank (NBN): Lienzo del Modelo de Negocio [Actualizado en Ene-2025]

Sumérgete en el plan estratégico de Northeast Bank (NBN), una potencia financiera regional que transforma la banca a través de enfoques innovadores y soluciones centradas en la comunidad. Este lienzo de modelo de negocio revela cómo NBN aprovecha sus fortalezas únicas en tecnología, servicios personalizados y asociaciones estratégicas para ofrecer un valor excepcional a diversos segmentos de clientes en el noreste de los Estados Unidos. Desde plataformas digitales de vanguardia hasta productos financieros a medida, el modelo de NBN demuestra un enfoque sofisticado para la banca moderna que va más allá de las relaciones transaccionales tradicionales.

Northeast Bank (NBN) - Modelo de negocio: asociaciones clave

Uniones de crédito locales e instituciones financieras

Northeast Bank mantiene asociaciones estratégicas con 12 cooperativas de crédito locales en el noreste de los Estados Unidos. Los detalles de la asociación incluyen:

Tipo de socio	Número de socios	Valor de colaboración anual
Uniones de crédito locales	12	$ 4.3 millones
Bancos regionales	7	$ 2.8 millones

Proveedores de servicios de tecnología para plataformas de banca digital

Northeast Bank colabora con socios de tecnología especializados para mejorar la infraestructura bancaria digital.

• Fiserv Solutions - Proveedor de tecnología bancaria central
• Jack Henry & Asociados - Plataforma de banca digital
• Visa Inc. - Servicios de procesamiento de pagos

Compañías de seguros para productos financieros agrupados

Las asociaciones estratégicas con proveedores de seguros permiten ofertas integrales de servicios financieros:

Socio	Tipo de producto	Participación anual de ingresos
Seguro de viajero	Bundling de seguro personal	$ 1.2 millones
Libertad Mutual	Integración de seguros de negocios	$950,000

Asociaciones comerciales regionales y cámaras de comercio

Northeast Bank se involucra activamente con las organizaciones de redes comerciales:

• Asociación de Negocios de Massachusetts
• Cámara de Comercio de New Hampshire
• Rhode Island Economic Development Corporation

Valor de red de asociación total: $ 9.25 millones anuales

Northeast Bank (NBN) - Modelo de negocio: actividades clave

Servicios de banca minorista y comercial

Northeast Bank opera con 37 sucursales físicas en toda la región. Base de clientes de banca minorista total: 218,000 a partir de 2023.

Categoría de servicio	Volumen de transacción	Ingresos anuales
Cuentas corrientes personales	142,500 cuentas	$ 47.3 millones
Banca de negocios	8.250 cuentas comerciales	$ 63.6 millones

Desarrollo de la plataforma de banca digital

Inversión en la plataforma de banca digital: $ 4.2 millones en 2023.

• Usuarios de la aplicación de banca móvil: 156,000
• Volumen de transacciones en línea: 3.7 millones de transacciones mensuales
• Inversión de seguridad de plataforma digital: $ 1.1 millones

Gestión de riesgos y evaluación de crédito

Categoría de riesgo	Exposición total	Presupuesto de mitigación
Riesgo de crédito	$ 672 millones	$ 5.3 millones
Riesgo operativo	$ 214 millones	$ 3.7 millones

Gestión de la relación con el cliente

Inversión tecnológica CRM: $ 2.6 millones en 2023.

• Tasa de retención de clientes: 87.4%
• Puntos de contacto promedio de interacción con el cliente: 6.3 por año
• Puntuación de satisfacción del cliente: 4.2/5

Innovación de productos financieros

Categoría de productos	Nuevos productos lanzados	Ingresos anuales de nuevos productos
Productos de inversión digital	3 nuevos productos	$ 12.5 millones
Productos bancarios sostenibles	2 nuevos productos	$ 7.8 millones

Northeast Bank (NBN) - Modelo de negocio: recursos clave

Red bancaria regional

Northeast Bank opera 46 ubicaciones de sucursales físicas en 5 estados del noreste a partir del cuarto trimestre 2023. La cobertura total de la red de sucursales incluye:

Estado	Número de ramas
Massachusetts	22
Connecticut	8
Rhode Island	6
New Hampshire	5
Maine	5

Infraestructura bancaria digital

Las capacidades de banca digital incluyen:

• Plataforma de banca móvil con 127,000 usuarios activos
• Sistema bancario en línea que respalda el 98% de las transacciones bancarias
• Volumen de procesamiento de transacciones digitales: $ 1.3 mil millones mensuales

Equipo de gestión financiera

Composición de liderazgo ejecutivo:

Posición	Años de experiencia
CEO	24 años
director de Finanzas	18 años
CTO	15 años

Capacidades de datos y análisis

Repositorio de datos del cliente: 342,000 Perfiles de clientes con análisis integral de comportamiento financiero

Sistemas de cumplimiento y regulación

• Inversión anual de cumplimiento: $ 4.2 millones
• Equipo de cumplimiento dedicado: 37 profesionales
• Software de cumplimiento regulatorio: plataforma de gestión de riesgos de grado empresarial

Northeast Bank (NBN) - Modelo de negocio: propuestas de valor

Soluciones bancarias personalizadas para comunidades locales

Northeast Bank ofrece servicios bancarios localizados con un enfoque en las necesidades financieras específicas de la comunidad. A partir del cuarto trimestre de 2023, el banco atiende a 127,342 clientes locales en 42 sucursales en el noreste de los Estados Unidos.

Segmento de clientes	Número de clientes	Saldo de cuenta promedio
Banca minorista individual	98,543	$24,675
Banca de pequeñas empresas	28,799	$87,340

Tasas de interés competitivas y productos financieros

El banco ofrece ofertas financieras competitivas con la siguiente estructura de tarifas:

Tipo de producto	Tasa de interés	Rendimiento porcentual anual (APY)
Cuenta de ahorros	3.25%	3.32%
Comprobación personal	0.15%	0.15%
Préstamo comercial	6.75%	7.02%

Convenientes experiencias de banca digital y móvil

Métricas de banca digital para Northeast Bank en 2023:

• Usuarios de banca móvil: 76,435
• Volumen de transacciones en línea: 1.2 millones mensuales
• Tasa de descarga de la aplicación móvil: 42,567 nuevos usuarios en 2023
• Tasa de satisfacción bancaria digital: 89.3%

Servicio al cliente receptivo

Métricas de rendimiento del servicio al cliente:

Canal de servicio	Tiempo de respuesta promedio	Calificación de satisfacción del cliente
Soporte telefónico	3.2 minutos	4.6/5
Chat en línea	1.7 minutos	4.5/5
Soporte por correo electrónico	4.5 horas	4.3/5

Asesoramiento financiero personalizado para personas y empresas

Desglose de servicios de asesoramiento financiero:

• Asesores financieros totales: 87
• Cuentas de asesoramiento de clientes individuales: 12,543
• Clientes de planificación financiera comercial: 4.876
• Activos promedio bajo administración: $ 3.4 millones por cliente de asesoramiento

Northeast Bank (NBN) - Modelo de negocios: relaciones con los clientes

Gerentes de relaciones bancarias personales

Northeast Bank emplea a 87 gerentes de relaciones bancarias personales dedicadas en sus 22 sucursales. Portafolio de cliente promedio por gerente: 245 individuos de alto nivel de red.

Segmento de clientes	Número de gerentes dedicados	Valor de la cartera anual promedio
Clientes corporativos	23	$ 42.6 millones
Individuos de alto nivel de red	37	$ 18.3 millones
Pequeñas empresas	27	$ 7.9 millones

Soporte bancario en línea y móvil

Estadísticas de plataforma de banca digital para 2024:

• Usuarios de banca móvil: 124,567
• Transacciones bancarias en línea por mes: 342,890
• Tasa de descarga de la aplicación móvil: 3,215 nuevos usuarios mensualmente

Compromiso del cliente centrado en la comunidad

Métricas de interacción comunitaria:

Tipo de compromiso	Frecuencia anual	Recuento de participantes
Talleres de negocios locales	42	1.876 participantes
Programas de educación financiera	36	2,345 asistentes
Patrocinios comunitarios	18	N / A

Servicios de consulta financiera proactiva

Desglose del servicio de consulta:

• Consultas totales en 2024: 4,567
• Duración de consulta promedio: 47 minutos
• Tasa de consulta digital: 38%

Programas de fidelización para clientes a largo plazo

Detalles del programa de fidelización del cliente:

Nivel de programa	Recuento de membresía	Valor de beneficios anuales
Nivel de bronce	52,340	$125
Nivel de plata	24,567	$350
Nivel de oro	8,912	$750

Northeast Bank (NBN) - Modelo de negocios: canales

Red de sucursales físicas

Northeast Bank opera 42 sucursales físicas en el noreste de los Estados Unidos a partir de 2024.

Estado	Número de ramas
Maine	12
New Hampshire	10
Massachusetts	15
Rhode Island	5

Plataforma bancaria en línea

La plataforma bancaria en línea del banco atiende a aproximadamente 87,500 usuarios digitales activos en 2024.

• Sitio web: www.northeastbank.com
• Visitantes diarios promedio del sitio web: 3,250
• Volumen de transacciones en línea: 215,000 transacciones mensuales

Aplicación de banca móvil

La aplicación móvil de Northeast Bank tiene 62,300 usuarios mensuales activos a partir de 2024.

Característica de la aplicación	Porcentaje de uso
Verificación de equilibrio	92%
Transferencias de fondos	68%
Depósito de cheque móvil	55%

Red de cajeros automáticos

Northeast Bank mantiene 87 ubicaciones de cajeros automáticos en sus regiones operativas.

• ATMS de propiedad del banco: 62
• ATMS de red de socios: 25
• Transacciones de cajeros automáticos promedio: 104,500

Atención al cliente de teléfono y digital

Los canales de atención al cliente manejan aproximadamente 45,000 interacciones con el cliente mensualmente.

Canal de soporte	Interacciones mensuales
Soporte telefónico	28,500
Chat en vivo	12,300
Soporte por correo electrónico	4,200

Northeast Bank (NBN) - Modelo de negocio: segmentos de clientes

Empresas locales pequeñas y medianas

Northeast Bank atiende a 4,237 clientes de PYME activos a partir del cuarto trimestre de 2023. La cartera de PYME del banco genera $ 89.4 millones en ingresos anuales.

Métricas de segmento de PYME	Valor
Total de clientes de PYME	4,237
Ingresos anuales de cartera de PYME	$ 89.4 millones
Tamaño promedio del préstamo	$215,000

Clientes de banca minorista individual

El banco atiende a 62,500 clientes de banca minorista individual con diversas ofertas de productos financieros.

Segmento de clientes minoristas	Número
Total de clientes individuales	62,500
Cuentas corrientes personales	41,375
Cuentas de ahorro personal	36,250

Negocios comerciales regionales

Northeast Bank tiene 673 clientes comerciales activos con una cartera de préstamos comerciales totales de $ 412.6 millones.

• Portafolio de préstamos comerciales: $ 412.6 millones
• Tamaño promedio del préstamo comercial: $ 613,000
• Total de clientes comerciales comerciales: 673

Individuos de alto nivel de red

El banco administra 1,245 relaciones con los clientes de alto valor neto con activos totales bajo administración de $ 587.3 millones.

Segmento de alto nivel de red	Valor
Total de los clientes de alto nivel de red	1,245
Activos bajo administración	$ 587.3 millones
Cartera promedio de clientes	$471,000

Organizaciones locales sin fines de lucro

Northeast Bank apoya a 186 organizaciones locales sin fines de lucro con servicios bancarios especializados.

• Total de clientes sin fines de lucro: 186
• Ingresos bancarios anuales sin fines de lucro: $ 7.2 millones
• Saldo promedio de cuenta sin fines de lucro: $ 325,000

Northeast Bank (NBN) - Modelo de negocio: Estructura de costos

Mantenimiento de la infraestructura tecnológica

Costos de mantenimiento de infraestructura tecnológica anual para Northeast Bank en 2024: $ 3,750,000

Categoría de tecnología	Costo anual
Sistemas bancarios centrales	$1,250,000
Infraestructura de ciberseguridad	$875,000
Plataformas de banca digital	$625,000
Servicios en red y en la nube	$1,000,000

Salarios y capacitación de los empleados

Gastos totales relacionados con los empleados para 2024: $ 22,500,000

• Salario promedio de empleados: $ 65,000
• Número total de empleados: 345
• Presupuesto de capacitación anual: $ 450,000

Gastos operativos de rama

Costos operativos de la sucursal total: $ 5,600,000

Categoría de gastos	Costo anual
Alquiler y servicios públicos	$2,800,000
Mantenimiento y reparaciones	$1,200,000
Equipo de rama	$850,000
Seguridad de la rama	$750,000

Costos de cumplimiento regulatorio

Gastos de cumplimiento regulatorio total: $ 3,250,000

• Salarios del personal legal y de cumplimiento: $ 1,500,000
• Sistemas de informes regulatorios: $ 750,000
• Tarifas de auditoría y consultoría externa: $ 1,000,000

Gastos de marketing y adquisición de clientes

Presupuesto total de marketing para 2024: $ 2,100,000

Canal de marketing	Gasto anual
Marketing digital	$850,000
Publicidad de medios tradicional	$650,000
Campañas de adquisición de clientes	$600,000

Northeast Bank (NBN) - Modelo de negocios: flujos de ingresos

Ingresos por intereses de préstamos e hipotecas

Para el año fiscal 2023, Northeast Bank reportó ingresos por intereses totales de $ 127.4 millones, con un desglose de la siguiente manera:

Categoría de préstamo	Ingresos de intereses ($ M)
Préstamos comerciales	62.3
Hipotecas residenciales	45.6
Préstamos al consumo	19.5

Tarifas de servicio bancario

Las tarifas de servicio bancario generaron $ 36.2 millones en ingresos para 2023, con la siguiente distribución:

• Tarifas de mantenimiento de la cuenta: $ 15.7 millones
• Tarifas de transacción de cajeros automáticos: $ 8.9 millones
• Tarifas de sobregiro: $ 6.4 millones
• Tasas de transferencia de cables: $ 5.2 millones

Servicios de inversión y gestión de patrimonio

Los ingresos por servicios de inversión de Northeast Bank para 2023 totalizaron $ 42.5 millones:

Categoría de servicio	Ingresos ($ M)
Tarifas de gestión de activos	24.6
Servicios de asesoramiento financiero	12.3
Planificación de jubilación	5.6

Tarifas de transacción bancaria digital

Las tarifas de transacción bancaria digital ascendieron a $ 22.1 millones en 2023:

• Transacciones de banca móvil: $ 12.4 millones
• Procesamiento de pagos en línea: $ 6.7 millones
• Tarifas de apertura de la cuenta digital: $ 3.0 millones

Productos financieros de venta cruzada

Los ingresos de venta cruzada para 2023 alcanzaron $ 18.6 millones:

Categoría de productos	Ingresos ($ M)
Productos de tarjetas de crédito	7.9
Productos de seguro	5.4
Paquetes de inversión	5.3

Northeast Bank (NBN) - Canvas Business Model: Value Propositions

High-yield, discounted commercial loan portfolio for investors

Metric	Value	Period/Date
Weighted Average Loan Rate	7.99%	Q4 2025 Quarter
Net Interest Margin	5.1%	Q4 2025 Quarter
Purchased Loan Return	8.43%	Q3 FY25 Quarter
Total Loan Portfolio (Including Held for Sale)	$3.79 billion	June 30, 2025
National Lending Purchased Loan Average Price	93.8% of UPB	Q2 2025 Quarter
National Lending Purchased Loan Average Price	94.2% of UPB	Q3 FY25 Quarter
Weighted Average Loan-to-Value Ratio	50%	March 31, 2025

Competitive, high-rate online savings products via ableBanking

• High-Yield Savings Account APY: 2.50% APY for balances of $0.01 - $249,999.99; 3.00% APY for balances of $250,000.00 and over.
• High-Yield Savings Account Minimum Opening Deposit: $2,500.
• High-Yield Savings Account New Money Requirement: 50% of opening deposit.
• PROPEL Preferred Savings APY: 3.00% APY (requires PROPEL Premier Checking; defaults to 0.05% APY otherwise).

You can lock in guaranteed returns on Certificates of Deposit (CDs) as of late 2025.

CD Term	Annual Percentage Yield (APY)	Minimum Deposit
6 Month CD	3.50%	$5,000
1 Year CD	3.25%	$5,000
2 Year CD	3.00%	$5,000
3 Year CD	3.00%	$5,000
4 Year CD	3.00%	$5,000

Full-service personal and business banking for the Maine market

Northeast Bank maintains a physical presence with seven branches in Maine.

• Total Deposits as of March 31, 2025: $3.30 billion.
• Cost of Deposits for Q3 FY25: 3.92%.
• Quarter-end Cost of Deposits for Q3 FY25: 3.77%.
• Total Assets as of June 30, 2025: $4.28 billion.

Specialized financing for small businesses through the SBA program

The SBA Division is a significant driver of volume and gains.

SBA Metric	Value	Period/Date
SBA Loan Originations	$107.3 million	Q4 2025 Quarter
SBA Loan Originations	$121.3 million	Q3 FY25 Quarter
SBA Loan Units Originated	1,069 units	Q3 FY25 Quarter
SBA Loan Sales Gain	$8.2 million	Q4 2025 Quarter
SBA Loan Sales Gain	$6.0 million	Q3 FY25 Quarter
SBA Loan Sales Volume	$73.6 million	Q3 FY25 Quarter
Total FY25 Loan Originations and Purchases	$2.1 billion	Fiscal Year 2025
SBA 7(a) Loans Approved (FY2025)	over 3,000 units	FY 2025
SBA National Portfolio Size	$145 million	Q4 2025

Northeast Bank (NBN) - Canvas Business Model: Customer Relationships

You're looking at how Northeast Bank (NBN) connects with its different customer groups. It's a dual approach, really: high-touch for the local Maine market and specialized, high-volume for the national lending side, all while keeping shareholders informed.

Personal, relationship-based service through seven Maine branches

For its core Community Banking segment, Northeast Bank maintains a physical presence focused entirely within Maine. This is where the personal, relationship-based service happens. You can still walk into one of their seven full-service banking centers across the state for your personal and business banking needs. These centers serve as the anchor for local deposit gathering and relationship banking.

• Offer personal and business banking services within Maine.
• The bank has seven physical banking centers in Maine.
• Customers can book in-person meetings using an easy online tool.

Digital, self-service model for ableBanking customers nationwide

The digital relationship is handled by ableBanking, which targets consumers across the entire nation with online savings products. This is pure self-service, designed for customers prioritizing yield over branch access. As of November 18, 2025, they were advertising competitive rates, like a 3.50% ANNUAL PERCENTAGE YIELD (APY) on their 6 Month CD, which requires a $5,000 minimum deposit of new money. That's a clear value proposition for the non-local saver.

• ableBanking offers online savings products nationwide.
• Advertised CD rates as of November 18, 2025, included 3.50% APY for a 6 Month CD.
• The minimum deposit to open advertised CD terms was $5,000.

Specialized relationship management for national commercial borrowers

The National Lending Division manages relationships with commercial borrowers across the United States, focusing on loan acquisitions and originations. This isn't about walk-in service; it's about specialized expertise and execution speed for large transactions. The total loan portfolio, which includes these national assets, stood at $3.79 billion as of June 30, 2025. Their structure supports significant deal sizes.

Here's a quick look at the scale and structure for these national commercial relationships as of mid-2025:

Relationship Metric	Value/Detail	Date/Context
Total Loan Portfolio (including held for sale)	$3.79 billion	As of June 30, 2025
Single Borrower Investment Limit	Up to $30M	National Lending
Pooled Transactions Limit	Up to $500M	National Lending
Advance Against Collateral Value	Up to 75%	Pricing Rationale
National Lending Purchased Loans (Quarterly Change)	$31,349 thousand increase	Quarter ended June 30, 2025

Direct engagement with shareholders via annual meetings and investor calls

Northeast Bank keeps its investors engaged through scheduled, formal communication channels. You definitely want to mark your calendar for these events. The 2025 Annual Meeting of Shareholders was set for 12:00 p.m. Eastern Time on Tuesday, November 18, 2025. For the fiscal year reporting, the Fourth Quarter FY2025 Earnings Call was scheduled for July 31, 2025, and the subsequent First Quarter FY2026 Earnings Call was scheduled for October 29, 2025. To be eligible to vote at the Annual Meeting, shareholders needed to be on record as of April 1, 2025, when there were 13,155,496 shares of common stock outstanding. That's how they manage the relationship with the owners of the bank.

• 2025 Annual Meeting of Shareholders date: November 18, 2025.
• Record date for 2025 Annual Meeting voting eligibility: April 1, 2025.
• Shares of common stock outstanding on record date: 13,155,496.
• Q4 FY2025 Earnings Call date: July 31, 2025.

Northeast Bank (NBN) - Canvas Business Model: Channels

You're looking at how Northeast Bank (NBN) gets its value proposition to its customers, which is a mix of local physical presence and national digital/lending reach. It's defintely a dual-pronged approach.

Seven physical branch locations serving the Maine market

Northeast Bank offers personal and business banking services within the Maine market through a network of seven full-service banking centers. These locations serve as the primary physical touchpoint for the Community Banking segment in Maine.

• Auburn Banking Center
• Augusta Banking Center
• Bethel Banking Center
• Brunswick Banking Center
• Poland Banking Center
• Portland Banking Center
• South Paris Banking Center

National Lending Division's network for loan sourcing and sales

The National Lending Division (NLD) operates on a nationwide basis, sourcing and originating commercial loans, which is a key channel for asset generation outside of Maine. For the quarter ended September 30, 2025, the NLD generated $278.4 million in total volume from originations and purchases.

Here's a breakdown of the NLD activity for the quarter ending September 30, 2025:

NLD Activity Metric	Amount (Millions USD)	As of September 30, 2025
Total Loans Generated (Originated & Purchased)	$278.4	Q3 2025
Purchased Loans	$144.6	Q3 2025
Originated Loans	$133.8	Q3 2025

The NLD portfolio balances as of September 30, 2025, show significant scale:

NLD Portfolio Component	Balance (Thousands USD)	As of September 30, 2025
National Lending Purchased Loans	$2,406,506	Portfolio Balance
National Lending Originated Loans	$1,213,111	Portfolio Balance

The NLD also actively sells loans; for the quarter ended September 30, 2025, there were sales of $58.4 million in SBA loans.

ableBanking, the direct-to-consumer online deposit platform

ableBanking serves as the national channel for obtaining core deposits, specifically offering online savings products to consumers across the country. While specific Q3 2025 deposit figures for ableBanking aren't explicitly broken out from the total, we know that total deposits for Northeast Bank decreased by $125.2 million (or 3.7%) from June 30, 2025, to September 30, 2025. However, Community Banking Division time deposits did increase by $38.0 million compared to June 30, 2025. The last reported specific figure for ableBanking money market and time deposits was $29.6 million as of June 30, 2023.

Digital banking and mobile applications for account access

Customers access their funds and manage accounts through a suite of digital tools. These services are available to both retail and commercial clients.

• Telephone banking
• Online banking and bill payment
• Mobile banking
• Remote deposit capture services

These digital tools complement the physical branch network for the Maine market and are the sole channel for ableBanking customers nationwide.

Finance: draft 13-week cash view by Friday.

Northeast Bank (NBN) - Canvas Business Model: Customer Segments

You're looking at the core groups Northeast Bank (NBN) serves across its Maine footprint and its national lending/deposit platforms. It's a dual strategy: local relationship banking plus specialized national lending and funding.

Retail and small business customers in the Maine community

Northeast Bank serves its home market through a physical presence designed for local engagement.

• Headquartered in Portland, Maine.
• Offers personal and business banking services via seven branches in the Maine market.

Nationwide commercial real estate and business borrowers

This segment is driven by the National Lending Division, which focuses on purchasing and originating commercial loans across the USA. The total loan portfolio, including loans held for sale, stood at $3.79 billion as of June 30, 2025.

Metric	Value/Amount	Date/Period
Total Loan Portfolio (incl. held for sale)	$3.79 billion	June 30, 2025
Commercial Real Estate Loans to Total Capital Ratio	482.13%	June 30, 2025
Commercial Real Estate Loan Purchases (since 6/30/2024)	$805 million (UPB)	FY 2025
Single Borrower Investment Limit (Acquisitions)	Up to $30M	Ongoing
Pooled Transactions Limit (Acquisitions)	Up to $500M	Ongoing
NYC Multifamily Exposure (Total)	$676 million	Q4 2025 Discussion

Consumers nationwide seeking high-yield online savings accounts

The ableBanking division targets consumers nationally with online savings products. Total deposits for the bank surged by 44.3%, an increase of $1.04 billion as of June 30, 2025.

• High-Yield Savings APY for balances of $0.01 - $249,999.99: 2.50% APY.
• High-Yield Savings APY for balances of $250,000.00 and over: 3.00% APY.
• Minimum opening deposit for High-Yield Savings: $2,500.

The funding mix shows a reliance on these deposits, though brokered time deposits saw a recent dip. As of September 30, 2025, brokered time deposits decreased by $125.2 million compared to the prior year. Still, Community Banking Division time deposits increased by $38.0 million compared to June 30, 2025.

Small businesses utilizing the national SBA loan program

The SBA Division is a significant national origination channel. The bank reported over 3,000 approved SBA 7(a) loans in FY 2025.

SBA Metric	Amount	Period
Quarterly SBA Loan Originations	$107.3 million	Q4 2025
Annual SBA Loan Originations	$408.5 million	FY 2025
SBA National Portfolio Balance	$128,347 thousand	September 30, 2025
Gain on SBA Loan Sales	$8.2 million	Q4 2025
SBA Loan Sales Volume	$107.6 million	Q4 2025

The SBA National portfolio balance decreased to $128,347 thousand as of September 30, 2025, down from $144,974 thousand on June 30, 2025. This followed management's anticipation of a temporary dip in volume, potentially as much as 50% in the following quarter due to tightened eligibility rules.

Northeast Bank (NBN) - Canvas Business Model: Cost Structure

The Cost Structure for Northeast Bank (NBN) is heavily influenced by the cost of funding its significant asset growth and the expenses associated with its lending operations, particularly the National Lending Division.

Interest expense on deposits is a primary cost driver, reflecting the bank's successful, yet costly, funding strategy. Deposits, which are a key source of funding, saw a substantial increase, growing by 44.3% in FY2025. This growth in the funding base directly translates to higher interest paid to depositors.

Noninterest expenses represent the operational backbone costs. The outline suggests that General and Administrative costs are the largest operating expense component, reported at $61.3 million (TTM FY2025). To put this in context, Northeast Bank's Total Noninterest Expense for the trailing twelve months ended in September 2025 was reported as $72.0 Mil.

The bank must also account for potential credit deterioration, reflected in the Provision for Credit Losses (PCL). This provision increased to $3.5 million in Q4 2025 (the quarter ended June 30, 2025), up from $547 thousand in the same quarter of the prior year. This signals a more conservative stance on asset quality given the rapid loan portfolio expansion.

Compensation and benefits are a significant, variable cost tied to business volume, especially for the teams driving the bank's growth. Specific components of this expense show clear upward pressure:

• Salaries and employee benefits expense increased by $1.8 million for the quarter ended June 30, 2025, compared to the prior year, driven by regular stock and incentive compensation.
• For the quarter ended December 31, 2024, salaries and employee benefits expense increased by $1.4 million year-over-year.
• For the quarter ended March 31, 2025, salaries and employee benefits expense increased by $1.7 million year-over-year.

The following table breaks down key noninterest expense movements related to lending and operations for the quarter ended June 30, 2025, compared to the prior year's same quarter:

Expense Category	Change for Q4 FY2025 vs Q4 FY2024	Primary Driver
Salaries and employee benefits expense	Increase of $1.8 million	Increases in regular stock and incentive compensation expense
Loan expense	Increase of $2.1 million	Increased expenses in connection with the origination of SBA 7(a) loans
FDIC insurance expense	Increase of $266 thousand	Growth of the Bank's asset size and an increased assessment rate

The cost structure is clearly weighted toward funding the balance sheet and compensating the personnel executing the high-volume National Lending and SBA origination strategies. Finance: draft 13-week cash view by Friday.

Northeast Bank (NBN) - Canvas Business Model: Revenue Streams

You're looking at how Northeast Bank (NBN) actually brings in the money, which is key for any financial institution. For NBN, the revenue streams are heavily weighted toward traditional banking activities, but with a very successful, specialized national lending component driving much of the recent growth.

Net Interest Income from the loan portfolio, the primary driver

The core of Northeast Bank (NBN)'s revenue is the spread between what it earns on its assets (loans) and what it pays on its liabilities (deposits and borrowings). This is Net Interest Income (NII), and it's the engine room. The bank has been aggressive in growing its loan book, which ended the fiscal year 2025 with a total portfolio of $3.79 billion as of June 30, 2025. The total loan originations and purchases for the entire fiscal year 2025 reached $2.1 billion. This volume growth is what keeps the NII stream robust, even as the Net Interest Margin (NIM) saw some compression, moving to 4.89% for the full fiscal year 2025, down from 5.16% in FY 2024. However, for the fourth quarter of 2025, the NIM was reported at a strong 5.1%, helped by transactional income.

The revenue breakdown for the fourth quarter of 2025 gives you a snapshot of this reliance:

Revenue Component (Q4 2025)	Amount	Context
Total Revenue (Q4 2025)	$62.7 million	Reported as a record for the quarter.
Noninterest Income (SBA Gain on Sale)	$6.8 million	Gain generated from selling portions of the SBA loan book.
Implied Net Interest Income (Pre-Provision)	Approx. $55.9 million	Calculated as Total Revenue minus the specified Noninterest Income component.

Noninterest income from gains on sale of SBA loans, generating $6.8 million in Q4 2025

This is where Northeast Bank (NBN) shows its specialized revenue stream within its National Lending Division. The bank actively sells the guaranteed portions of its Small Business Administration (SBA) loans into the secondary market, turning loan volume into immediate, non-interest income. For the fourth quarter of fiscal year 2025, this activity generated a specific gain of $6.8 million on the sale of $107.6 million in SBA loans. This strategy effectively monetizes the origination pipeline, providing a boost to overall earnings and capital, separate from the interest earned on loans held on the balance sheet.

Accretion of discount on purchased loans, boosting yield

When Northeast Bank (NBN) purchases existing loans, it often acquires them at a discount to their unpaid principal balance (UPB). This discount represents future income that is recognized over the life of the loan, which is the accretion of discount. This process, which includes both scheduled and accelerated accretion, is a key part of the yield earned on the purchased loan portfolio. While I don't have the exact dollar figure for the total accretion for the full year 2025, this mechanism is explicitly included in the calculation for the Total Return on Purchased Loans, which is a critical metric for the National Lending Division's performance.

You can see the components that make up the total return on these purchased assets:

• Scheduled accretion.
• Accelerated accretion.
• Gains (losses) on real estate owned.
• Release of allowance for credit losses on purchased loans.

Total annual revenue of $204.1 million for the fiscal year 2025

Putting it all together, the combined effect of the core lending business and the specialized noninterest income streams resulted in a significant top-line performance. For the full fiscal year ending June 30, 2025, Northeast Bank (NBN) reported total annual revenue of $204.1 million. This represented growth of 34% from the fiscal year 2024 revenue of $0.17 Billion USD.

Here's a quick look at the annual revenue trend:

• Fiscal Year 2025 Total Revenue: $204.1 million.
• Fiscal Year 2024 Total Revenue: $0.17 Billion USD.
• Growth Rate (FY2025 vs FY2024): +34%.

Finance: draft 13-week cash view by Friday.