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Northfield Savings Bank

Northfield, VT · Cert 14140 · Northfield MHC

SI · FDIC · 13 branches

Q2 2026

Board Package

Performance Trends and Peer Comparison

Part 1Performance Trends, own institution only2
Part 2Peer Comparison, banks $1B-$10B in assets operating in a single state3

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

Banks $1B-$10B in assets operating in a single state (n=257 to 258). 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

27

Q2 2024Q2 2026peer median (50)

Asset Quality

61

Q2 2024Q2 2026peer median (50)

Profitability

14

Q2 2024Q2 2026peer median (50)

Liquidity

97

Q2 2024Q2 2026peer median

Efficiency

17

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: FFIEC Call Report (031/041/051), 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

Northfield Savings Bank

Northfield, VT · Cert 14140 · Northfield MHC

SI · FDIC · 13 branches

Q2 2026

$1.6BAssets
$1.2BLoans
$1.3BDeposits
$156.8MEquity
Loan mix
91%RE $1.0B9%C&I $0.1B0%Consumer $0.0BQ2 2025Q2 2026
Deposit mix
79%Interest-bearing $1.1B21%Noninterest $0.3BQ2 2025Q2 2026

NIM

3.74%Q2 ’243.94%Q2 ’254.27%Q2 ’26+8%+22%

Non-interest income vs. expense

2.34%Q2 ’242.40%Q2 ’252.47%Q2 ’26+2%+1%

Market Position · Burlington-South Burlington, VT · 2026 SOD (annual) · 4.6% share · #6 of 15 inst. · $0.4B of $8.2B

46.3% Washington
5.2% Chittenden
10.8% Orange
3.0% Windsor

Executive Summary

  • Earnings: ROA of 0.71%, up 39 bps year over year; NIM at 2.90%.
  • Asset quality: problem loans at 0.52% of loans (-15 bps YoY), with net charge-offs at 0.01%.
  • Capital: tier 1 leverage ratio of 10.96%, up 61 bps from a year ago.
  • Funding: loans stand at 86.80% of deposits as of Q2 2026.

Financial Results

Return on Assets (YTD, annualized)

0.71%+39 bps YoY

Net Interest Margin (YTD, annualized)

2.90%+53 bps YoY

Efficiency Ratio (YTD, annualized)

73.51%-1,287 bps YoY

Tier 1 Leverage Ratio

10.96%+61 bps YoY

Year to date, annualized, through each quarter.

MetricQ2 2025Q3 2025Q4 2025Q1 2026Q2 2026YoY ΔTrend
Earnings
Return on Assets0.32%0.37%0.40%0.60%0.71%+39 bps
Return on Equity3.60%4.08%4.39%6.31%7.33%+374 bps
Net Interest Margin2.37%2.42%2.44%2.81%2.90%+53 bps
Efficiency Ratio86.38%84.68%82.57%76.76%73.51%-1,287 bps
Non-Interest Burden1.99%1.99%1.94%2.06%2.01%+2 bps
Growth
Asset Growth (YoY)4.14%3.94%3.35%1.32%1.01%-312 bps
Loan Growth (YoY)2.66%4.62%4.25%4.27%4.42%+175 bps
Deposit Growth (YoY)6.85%8.52%10.46%3.50%3.79%-306 bps
Asset Quality
Nonperforming Loans / Loans0.67%0.79%0.58%0.55%0.52%-15 bps
Net Charge-Offs / Loans0.01%0.02%0.02%0.01%0.01%0 bps
Allowance / Loans0.81%0.79%0.85%0.87%0.88%+7 bps
Allowance Coverage of NPLs1.2x1.0x1.5x1.6x1.7x+0.5x
Capital
Tier 1 Leverage Ratio10.36%10.36%10.23%10.70%10.96%+61 bps
Total Risk-Based Capital10.36%10.36%10.23%10.70%10.96%+61 bps
Equity / Assets9.14%9.31%9.44%9.73%9.95%+80 bps
Liquidity & Funding
Loans / Deposits86.28%85.04%84.17%86.25%86.80%+52 bps
Liquid Assets / Assets0.37%0.97%1.56%0.21%1.37%+100 bps
CRE / Total Capitaln/a257%257%251%n/an/a

Source: FFIEC Call Report (031/041/051), 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

Northfield Savings Bank

Northfield, VT · Cert 14140 · Peer group: banks $1B-$10B in assets operating in a single state (n=257-258) · Northfield MHC

SI · FDIC · 13 branches

Q2 2026

$1.6BAssets
$1.2BLoans
$1.3BDeposits
$156.8MEquity

Executive Summary

  • Strongest standing: net charge-offs / loans outperforms 79% of banks $1B-$10B in assets operating in a single state (rank 55 of 258).
  • Widest gap: return on assets trails 88% of banks $1B-$10B in assets operating in a single state (rank 226 of 258).
  • Overall: at or above the peer median on 1 of 9 directional measures.

Return on Assets

0.72%

Rank 226 of 258

Net Interest Margin

2.90%

Rank 217 of 258

Efficiency Ratio

73.51%

Rank 214 of 257

Equity / Assets

9.95%

Rank 143 of 258

Non-interest income vs. expense

$7.2M$38.9MINCOMEEXPENSE
Unfavorable gap of $31.7M · efficiency ratio beats 17% of banks $1B-$10B in assets operating in a single state
Bank 73.51%Peer median 60.3%Q3 2024Q2 2026Shaded: peer 25th to 75th percentile
MetricYour BankPeer 25thPeer MedianPeer 75thStandingRankPeer Position
Earnings
Return on Assets0.72%0.93%1.23%1.54%Beats 12%226 / 258
Return on Equity7.21%9.26%11.84%14.74%Beats 15%220 / 258
Net Interest Margin2.90%3.16%3.49%3.88%Beats 16%217 / 258
Efficiency Ratio73.51%51.71%60.30%69.65%Beats 17%214 / 257
Asset Quality
Nonperforming Loans / Loans0.52%0.19%0.46%0.90%Beats 42%150 / 258
Net Charge-Offs / Loans0.01%0.01%0.02%0.07%Beats 79%55 / 258
Capital
Tier 1 Capital Ratio10.96%11.41%12.98%15.12%Beats 21%205 / 258
Total Risk-Based Capital Ratio10.96%12.10%13.91%16.08%Beats 16%217 / 258
Equity / Assets9.95%9.09%10.24%11.72%Beats 45%143 / 258
Liquidity & Funding
Loans / Deposits86.80%73.24%86.34%95.95%52nd pctl123 / 258
Loans / Assets73.19%63.01%72.27%78.40%53rd pctl121 / 258
Brokered Deposits / Depositsn/aNot reported for this institution