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The Andovers

Andover, MA · Charter 16067

NCUA · 2 branches

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

45

Q2 2024Q2 2026peer median (50)

Asset Quality

41

Q2 2024Q2 2026peer median (50)

Profitability

56

Q2 2024Q2 2026peer median (50)

Liquidity

0

Q2 2024Q2 2026peer median

Efficiency

80

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

The Andovers

Andover, MA · Charter 16067

NCUA · 2 branches

Q2 2026

$36.9MAssets
$7.5MLoans
$32.0MShares
$4.9MNet Worth

NIM

NIM decomposition not available for credit unions

Non-interest income vs. expense

Non-interest trend not available for credit unions

Executive Summary

  • Earnings: ROA of 1.00%, up 43 bps year over year; NIM at 2.69%.
  • Asset quality: problem loans at 0.67% of loans (-149 bps YoY).
  • Capital: net worth / assets of 13.21%, up 86 bps from a year ago.
  • Funding: loans stand at 23.54% of shares as of Q2 2026.

Financial Results

Return on Assets (YTD, annualized)

1.00%+43 bps YoY

Net Interest Margin (YTD, annualized)

2.69%+32 bps YoY

Efficiency Ratio (YTD, annualized)

66.72%-1,442 bps YoY

Net Worth / Assets

13.21%+86 bps YoY

Year to date, annualized, through each quarter.

MetricQ2 2025Q3 2025Q4 2025Q1 2026Q2 2026YoY ΔTrend
Earnings
Return on Assets0.56%0.62%0.75%0.80%1.00%+43 bps
Return on Equity4.57%4.96%5.83%6.12%7.54%+297 bps
Net Interest Margin2.37%2.41%2.54%2.56%2.69%+32 bps
Efficiency Ratio81.14%77.02%71.87%74.16%66.72%-1,442 bps
Growth
Asset Growth (YoY)-2.03%0.45%0.89%-0.15%0.81%+284 bps
Loan Growth (YoY)-5.64%-3.33%-7.96%-9.52%-13.22%-758 bps
Share Growth (YoY)-2.82%-0.10%0.16%-1.13%-0.18%+264 bps
Asset Quality
Delinquent Loans / Loans2.16%2.10%0.98%1.16%0.67%-149 bps
Net Charge-Offs / Loansn/an/an/an/an/an/an/a
Allowance / Loans0.00%0.00%0.00%0.00%0.00%0 bps
Capital
Risk-Based Capital12.35%12.54%12.94%13.06%13.21%+86 bps
Net Worth / Assets12.35%12.54%12.94%13.06%13.21%+86 bps
Liquidity & Funding
Loans / Shares27.08%27.06%26.04%24.97%23.54%-354 bps
Liquid Assets / Assets0.00%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

The Andovers

Andover, MA · Charter 16067 · Peer group: credit unions under $1B in assets in the Boston-Cambridge-Newton, MA-NH area (n=66)

NCUA · 2 branches

Q2 2026

$36.9MAssets
$7.5MLoans
$32.0MShares
$4.9MNet Worth

Executive Summary

  • Strongest standing: return on equity outperforms 83% of credit unions under $1B in assets in the Boston-Cambridge-Newton, MA-NH area (rank 11 of 66).
  • Widest gap: net interest margin trails 89% of credit unions under $1B in assets in the Boston-Cambridge-Newton, MA-NH area (rank 59 of 66).
  • Overall: at or above the peer median on 3 of 7 directional measures.

Return on Assets

1.00%

Rank 17 of 66

Net Interest Margin

2.69%

Rank 59 of 66

Efficiency Ratio

66.67%

Rank 14 of 66

Equity / Assets

13.21%

Rank 36 of 66

MetricYour Credit UnionPeer 25thPeer MedianPeer 75thStandingRankPeer Position
Earnings
Return on Assets1.00%0.38%0.59%1.00%Beats 74%17 / 66
Return on Equity7.55%2.62%4.89%6.39%Beats 83%11 / 66
Net Interest Margin2.69%2.83%3.27%3.84%Beats 11%59 / 66
Efficiency Ratio66.67%68.43%80.15%87.18%Beats 80%14 / 66
Asset Quality
Nonperforming Loans / Loans0.66%0.08%0.48%1.18%Beats 41%40 / 66
Net Charge-Offs / Loansn/aNot reported for this institution
Capital
Tier 1 Capital Ratio13.21%9.84%13.79%17.21%Beats 45%36 / 66
Total Risk-Based Capital Ration/aNot reported for this institution
Equity / Assets13.21%9.84%13.79%17.21%Beats 45%36 / 66
Liquidity & Funding
Loans / Deposits23.54%50.73%71.54%81.61%2nd pctl65 / 66
Loans / Assets20.40%40.53%57.05%68.92%2nd pctl65 / 66
Brokered Deposits / Depositsn/aNot reported for this institution