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Mills42

Lowell, MA · Charter 12666

NCUA · 1 branch

Q2 2026

Board Package

Performance Trends and Peer Comparison

Part 1Performance Trends, own institution only2
Part 2Peer Comparison, credit unions under $1B in assets in the Boston-Cambridge-Newton, MA-NH area3

Basis

Quarter: Q2 2026, the quarter ended June 30, 2026, on both parts.

Income statement: year to date as filed, annualized, on both parts.

Balance sheet: as filed at quarter end.

Peer group

Credit unions under $1B in assets in the Boston-Cambridge-Newton, MA-NH area (n=66). Each measure ranks only the institutions that reported it, so n varies by measure.

Peer groups below the disclosure floor are suppressed.

Peer standing

Capital

38

Q2 2024Q2 2026peer median (50)

Asset Quality

44

Q2 2024Q2 2026peer median (50)

Profitability

69

Q2 2024Q2 2026peer median (50)

Liquidity

93

Q2 2024Q2 2026peer median

Efficiency

42

Q2 2024Q2 2026peer median (50)

Growth

No peer data yet

Capital, Asset Quality, Profitability, Efficiency: higher is always a stronger peer standing (▲ better, ▼ worse). Liquidity, Growth: the score reflects closeness to the peer median -- 100 is sitting exactly at the median, falling the same way whether the bank runs above or below it.

Source: NCUA 5300 Call Report, as filed. Dollar figures derived from reported amounts in thousands. Ratios computed by CallReports.ai using published regulatory formulas.

CallReports · callreports.ai · Board PackageGenerated 2026-10-11

Mills42

Lowell, MA · Charter 12666

NCUA · 1 branch

Q2 2026

$31.5MAssets
$20.0MLoans
$27.5MShares
$3.8MNet Worth

Executive Summary

  • Earnings: ROA of 0.79%, down 11 bps year over year; NIM at 3.63%.
  • Asset quality: problem loans at 0.61% of loans (+61 bps YoY).
  • Capital: net worth / assets of 11.91%, up 32 bps from a year ago.
  • Funding: loans stand at 72.74% of shares as of Q2 2026.

Return on Assets (YTD, annualized)

0.79%-11 bps YoY

Net Interest Margin (YTD, annualized)

3.63%+2 bps YoY

Efficiency Ratio (YTD, annualized)

82.97%+151 bps YoY

Net Worth / Assets

11.91%+32 bps YoY

Year to date, annualized, through each quarter.

MetricQ3 2024Q4 2024Q1 2025Q2 2025Q3 2025Q4 2025Q1 2026Q2 2026YoY ΔTrend
Earnings
Return on Assets0.93%0.78%0.74%0.90%0.98%1.02%0.67%0.79%-11 bps
Return on Equity7.84%6.84%6.65%7.76%8.46%8.75%5.84%6.61%-115 bps
Net Interest Margin4.13%3.90%3.49%3.61%3.63%3.62%3.56%3.63%+2 bps
Efficiency Ratio78.61%81.46%82.49%81.47%78.85%77.36%84.60%82.97%+151 bps
Growth
Asset Growth (YoY)3.99%8.23%10.70%5.56%10.49%7.81%5.89%5.97%+41 bps
Loan Growth (YoY)-3.37%-1.99%-6.25%-5.21%-1.57%-2.41%-0.18%0.64%+585 bps
Share Growth (YoY)6.69%11.66%13.20%7.13%12.37%9.20%5.87%5.96%-117 bps
Asset Quality
Delinquent Loans / Loans1.30%1.19%1.20%0.00%0.04%0.02%0.03%0.61%+61 bps
Net Charge-Offs / Loansn/an/an/an/an/an/an/an/an/an/a
Allowance / Loans0.00%0.00%0.00%0.00%0.00%0.00%0.00%0.00%0 bps
Capital
Risk-Based Capital11.88%11.44%11.18%11.58%11.61%11.64%11.55%11.91%+32 bps
Net Worth / Assets11.88%11.44%11.18%11.58%11.61%11.64%11.55%11.91%+32 bps
Liquidity & Funding
Loans / Shares88.02%83.87%75.35%76.59%77.10%74.95%71.05%72.74%-385 bps
Liquid Assets / Assets0.00%0.00%0.00%0.00%0.00%0.00%0.00%0.00%0 bps

Source: NCUA 5300 Call Report, as filed. Dollar figures derived from reported amounts in thousands. Ratios computed by CallReports.ai using published regulatory formulas. Income-statement figures are year-to-date as filed, annualized (the UBPR convention). Each quarter includes the ones before it.

CallReports · callreports.ai· Performance TrendsGenerated 2026-10-11

Mills42

Lowell, MA · Charter 12666 · Peer group: credit unions under $1B in assets in the Boston-Cambridge-Newton, MA-NH area (n=66)

NCUA · 1 branch

Q2 2026

$31.5MAssets
$20.0MLoans
$27.5MShares
$3.8MNet Worth

Executive Summary

  • Strongest standing: return on equity outperforms 76% of credit unions under $1B in assets in the Boston-Cambridge-Newton, MA-NH area (rank 16 of 66).
  • Widest gap: equity / assets trails 62% of credit unions under $1B in assets in the Boston-Cambridge-Newton, MA-NH area (rank 41 of 66).
  • Overall: at or above the peer median on 3 of 7 directional measures.

Return on Assets

0.79%

Rank 24 of 66

Net Interest Margin

3.63%

Rank 21 of 66

Efficiency Ratio

82.91%

Rank 39 of 66

Equity / Assets

11.91%

Rank 41 of 66

MetricYour Credit UnionPeer 25thPeer MedianPeer 75thStandingRank8-Qtr TrendPeer Position
Earnings
Return on Assets0.79%0.38%0.59%1.00%Beats 64%24 / 66
Return on Equity6.61%2.62%4.89%6.39%Beats 76%16 / 66
Net Interest Margin3.63%2.83%3.27%3.84%Beats 68%21 / 66
Efficiency Ratio82.91%68.43%80.15%87.18%Beats 42%39 / 66
Asset Quality
Nonperforming Loans / Loans0.61%0.08%0.48%1.18%Beats 44%38 / 66
Net Charge-Offs / Loansn/aNot reported for this institution
Capital
Tier 1 Capital Ratio11.91%9.84%13.79%17.21%Beats 38%41 / 66
Total Risk-Based Capital Ration/aNot reported for this institution
Equity / Assets11.91%9.84%13.79%17.21%Beats 38%41 / 66
Liquidity & Funding
Loans / Deposits72.74%50.73%71.54%81.61%56th pctl29 / 66
Loans / Assets63.60%40.53%57.05%68.92%59th pctl27 / 66
Brokered Deposits / Depositsn/aNot reported for this institution