Passumpsic Savings Bank

Passumpsic Savings Bank, based in Saint Johnsbury, Vermont, reported $934 million in assets at June 30, 2026, up 5.9% from a year earlier. It holds commercial real estate loans equal to only 34% of its capital, about a third the median of 1.2 times for the 2,660 banks with $100 million to $1 billion in assets. On the other hand, it keeps 3.36 cents of net interest income on every dollar of earning assets, lower than about three-quarters of banks its size (median 3.95 cents).

Its reported earnings move with the stock market: it holds equity securities whose value runs through net income, and they gained $5.0 million on paper in the quarter, out of $6.4 million of pre-tax income. Return on assets swings accordingly, so it is not compared with peers here. Problem loans, meaning loans on nonaccrual or 90 or more days past due, net of government guarantees, rose to 0.71% of loans from 0.43% a year earlier. Credit is the area to watch: it carries problem assets equal to 8.3% of the capital and reserves that would absorb them, about triple the median of 2.6% for banks its size.

As of June 30, 2026, Passumpsic Savings Bank reported a CET1 capital ratio of 19.67%, a return on assets of 2.24%, a nonperforming-loan ratio of 0.71% and a Texas ratio of 8.32%. The figures come from its call report filed with the FFIEC.