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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

Trailing 9 quarters, through Q2 2026

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 (100)

Efficiency

80

Q2 2024Q2 2026Peer median (50)

Growth

No peer data yet

Capital, Asset Quality, Profitability, Efficiency: higher is a stronger peer standing, and the peer median is fixed at 50. Liquidity, Growth: closeness to the peer median, 100 at the median.

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 2026-10-12

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 2026-10-12

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