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Meredith Village Savings Bank

Meredith, NH · Cert 17180 · New Hampshire Mutual Bcorp

SI · FDIC · 2 affiliate banks · 15 branches (31 in holding)

Q2 2026

$1.6BAssets
$1.4BLoans
$1.4BDeposits
$157.5MEquity
Loan mix
87%RE $1.2B3%C&I $0.0B11%Consumer $0.1BQ3 2024Q2 2026
Deposit mix
86%Interest-bearing $1.2B14%Noninterest $0.2BQ3 2024Q2 2026

Market Position · Boston-Cambridge-Newton, MA-NH · 2026 SOD (annual) · 0.0% share · #84 of 100 inst. · $0.1B of $580.3B

26.3% Belknap
21.3% Carroll
4.5% Grafton
0.4% Rockingham

Executive Summary

  • Earnings: ROA of 0.56%, up 23 bps year over year; NIM at 3.16%.
  • Asset quality: problem loans at 0.41% of loans (+5 bps YoY), with net charge-offs at 0.05%.
  • Capital: tier 1 leverage ratio of 10.26%, up 30 bps from a year ago.
  • Funding: loans stand at 107.05% of deposits as of Q2 2026.

Return on Assets (YTD, annualized)

0.56%+23 bps YoY

Net Interest Margin (YTD, annualized)

3.16%+45 bps YoY

Efficiency Ratio (YTD, annualized)

79.14%-738 bps YoY

Tier 1 Leverage Ratio

10.26%+30 bps YoY

NIM

4.51%Q2 ’244.62%Q2 ’254.86%Q2 ’26+8%+17%

Non-interest income vs. expense

2.26%Q2 ’242.68%Q2 ’252.78%Q2 ’26+20%+6%

Year to date, annualized, through each quarter.

MetricQ3 2024Q4 2024Q1 2025Q2 2025Q3 2025Q4 2025Q1 2026Q2 2026YoY ΔTrend
Earnings
Return on Assets0.40%0.46%0.30%0.32%0.36%0.43%0.56%0.56%+23 bps
Return on Equity4.68%5.41%3.34%3.54%3.89%4.65%5.90%5.83%+229 bps
Net Interest Margin2.54%2.61%2.60%2.71%2.72%2.82%3.13%3.16%+45 bps
Efficiency Ratio79.86%79.80%87.05%86.52%85.70%83.37%78.66%79.14%-738 bps
Non-Interest Burden1.96%2.00%2.21%2.29%2.28%2.28%2.39%2.43%+14 bps
Growth
Asset Growth (YoY)0.16%-2.24%-4.12%-1.89%-0.18%0.69%2.03%2.20%+409 bps
Loan Growth (YoY)-1.52%-4.15%-6.13%-4.52%-2.92%0.25%1.78%3.68%+820 bps
Deposit Growth (YoY)0.37%2.61%9.59%11.29%10.61%7.56%2.35%1.99%-930 bps
Asset Quality
Nonperforming Loans / Loans0.41%0.43%0.42%0.36%0.41%0.30%0.37%0.41%+5 bps
Net Charge-Offs / Loans0.02%0.01%0.02%0.02%0.02%0.02%0.08%0.05%+3 bps
Allowance / Loans1.03%0.98%0.99%0.99%0.98%0.94%0.92%0.90%-8 bps
Allowance Coverage of NPLs2.5x2.3x2.4x2.7x2.4x3.1x2.5x2.2x-0.6x
Capital
Tier 1 Leverage Ratio9.35%9.69%9.65%9.96%9.80%10.02%10.00%10.26%+30 bps
Total Risk-Based Capital15.10%15.59%15.99%16.12%16.24%16.20%16.35%16.33%+22 bps
Equity / Assets8.82%8.96%9.17%9.17%9.28%9.52%9.58%9.58%+41 bps
Liquidity & Funding
Loans / Deposits119.96%116.37%107.62%105.30%105.28%108.46%107.02%107.05%+175 bps
Liquid Assets / Assets1.26%1.44%1.76%2.49%3.27%1.26%1.86%1.30%-118 bps
CRE / Total Capitaln/an/an/an/a186.40%193.76%193.64%n/an/a