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Berlin City Bank, The

Berlin, NH · Cert 14240

FDIC · 17 branches

Q4 2024

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: Q4 2024, the quarter ended December 31, 2024, 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=280 to 281). 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

58

Q2 2024Q4 2024peer median (50)

Asset Quality

62

Q2 2024Q4 2024peer median (50)

Profitability

27

Q2 2024Q4 2024peer median (50)

Liquidity

83

Q2 2024Q4 2024peer median

Efficiency

12

Q2 2024Q4 2024peer 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

Berlin City Bank, The

Berlin, NH · Cert 14240

FDIC · 17 branches

Q4 2024

$1.2BAssets
$874.8MLoans
$977.5MDeposits
$89.6MEquity
Loan mix
93%RE $558.0M5%C&I $27.7M2%Consumer $12.4MQ4 2023Q4 2024
Deposit mix
79%Interest-bearing $774.6M21%Noninterest $202.8MQ4 2023Q4 2024

NIM

2.91%Q4 ’223.72%Q4 ’233.99%Q4 ’24-2%0%

Non-interest income vs. expense

2.34%Q4 ’222.29%Q4 ’232.47%Q4 ’24-3%+7%

Market Position · Boston-Cambridge-Newton, MA-NH · 2024 SOD (annual) · 0.0% share · #96 of 108 inst. · $0.0B of $496.2B

18.0% Carroll
36.0% Coos
6.3% Belknap
3.5% Grafton

Executive Summary

  • Earnings: ROA of 0.50%, up 3 bps year over year; NIM at 2.60%.
  • Asset quality: problem loans at 0.34% of loans (+3 bps YoY), with net charge-offs at 0.00%.
  • Capital: tier 1 leverage ratio of 9.42%, up 112 bps from a year ago.
  • Funding: loans stand at 89.50% of deposits as of Q4 2024.

Financial Results

Return on Assets (YTD, annualized)

0.50%+3 bps YoY

Net Interest Margin (YTD, annualized)

2.60%-1 bps YoY

Efficiency Ratio (YTD, annualized)

83.67%+535 bps YoY

Tier 1 Leverage Ratio

9.42%+112 bps YoY

Year to date, annualized, through each quarter.

MetricQ4 2023Q1 2024Q2 2024Q3 2024Q4 2024YoY ΔTrend
Earnings
Return on Assets0.48%0.49%0.41%0.46%0.50%+3 bps
Return on Equity7.62%6.95%5.89%6.33%6.90%-72 bps
Net Interest Margin2.61%2.66%2.58%2.53%2.60%-1 bps
Efficiency Ratio78.32%84.23%85.84%84.46%83.67%+535 bps
Non-Interest Burden1.96%2.17%2.15%2.07%2.10%+14 bps
Growth
Asset Growth (YoY)-0.99%-9.25%-6.85%-10.13%-7.54%-655 bps
Loan Growth (YoY)-0.98%-3.17%-3.21%-5.62%-5.01%-402 bps
Deposit Growth (YoY)-6.37%-3.54%-4.37%-3.88%-2.44%+393 bps
Asset Quality
Nonperforming Loans / Loans0.31%0.36%0.38%0.41%0.34%+3 bps
Net Charge-Offs / Loans0.00%0.00%0.00%0.00%0.00%0 bps
Allowance / Loans1.16%1.16%1.15%1.17%1.17%+1 bps
Allowance Coverage of NPLs3.8x3.3x3.0x2.9x3.5x-0.3x
Capital
Tier 1 Leverage Ratio8.30%8.98%9.21%9.09%9.42%+112 bps
Total Risk-Based Capital15.65%16.08%16.00%16.52%17.15%+149 bps
Equity / Assets7.00%7.10%6.97%7.97%7.54%+54 bps
Liquidity & Funding
Loans / Deposits91.92%93.53%91.04%90.03%89.50%-242 bps
Liquid Assets / Assets4.31%2.18%3.63%0.66%3.01%-131 bps
CRE / Total Capitaln/an/an/an/an/an/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

Berlin City Bank, The

Berlin, NH · Cert 14240 · Peer group: banks $1B-$10B in assets operating in a single state (n=280-281)

FDIC · 17 branches

Q4 2024

$1.2BAssets
$874.8MLoans
$977.5MDeposits
$89.6MEquity

Executive Summary

  • Strongest standing: total risk-based capital ratio outperforms 83% of banks $1B-$10B in assets operating in a single state (rank 49 of 281).
  • Widest gap: equity / assets trails 89% of banks $1B-$10B in assets operating in a single state (rank 251 of 281).
  • Overall: at or above the peer median on 4 of 9 directional measures.

Return on Assets

0.53%

Rank 215 of 281

Net Interest Margin

2.60%

Rank 199 of 281

Efficiency Ratio

83.67%

Rank 247 of 281

Equity / Assets

7.54%

Rank 251 of 281

Non-interest income vs. expense

$4.5M$30.8MINCOMEEXPENSE
Unfavorable gap of $26.2M · efficiency ratio beats 12% of banks $1B-$10B in assets operating in a single state
Bank 83.67%Peer median 66.6%Q2 2024Q4 2024Shaded: peer 25th to 75th percentile
MetricYour BankPeer 25thPeer MedianPeer 75thStandingRankPeer Position
Earnings
Return on Assets0.53%0.56%0.90%1.25%Beats 23%215 / 281
Return on Equity6.97%6.02%9.54%12.57%Beats 30%195 / 280
Net Interest Margin2.60%2.56%2.92%3.42%Beats 29%199 / 281
Efficiency Ratio83.67%57.29%66.60%75.94%Beats 12%247 / 281
Asset Quality
Nonperforming Loans / Loans0.34%0.14%0.36%0.76%Beats 52%136 / 281
Net Charge-Offs / Loans0.02%0.01%0.05%0.16%Beats 71%82 / 281
Capital
Tier 1 Capital Ratio15.90%11.44%13.17%15.12%Beats 81%53 / 281
Total Risk-Based Capital Ratio17.15%12.18%14.01%16.01%Beats 83%49 / 281
Equity / Assets7.54%8.36%9.62%11.13%Beats 11%251 / 281
Liquidity & Funding
Loans / Deposits89.50%73.71%85.86%95.66%59th pctl116 / 281
Loans / Assets73.64%63.83%71.78%79.09%55th pctl127 / 281
Brokered Deposits / Depositsn/aNot reported for this institution