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Essex Bank

Essex, CT · Cert 17262

SI · FDIC · 8 branches

Q2 2026

Board Package

Performance Trends and Peer Comparison

Part 1Performance Trends, own institution only2
Part 2Peer Comparison, banks under $1B 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 under $1B in assets operating in a single state (n=743 to 746). 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

53

Q2 2024Q2 2026peer median (50)

Asset Quality

61

Q2 2024Q2 2026peer median (50)

Profitability

40

Q2 2024Q2 2026peer median (50)

Liquidity

81

Q2 2024Q2 2026peer median

Efficiency

14

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

Essex Bank

Essex, CT · Cert 17262

SI · FDIC · 8 branches

Q2 2026

$536.6MAssets
$369.3MLoans
$447.9MDeposits
$76.6MEquity
Loan mix
93%RE $342.4M7%C&I $27.7M0%Consumer $0.1MQ2 2025Q2 2026
Deposit mix
63%Interest-bearing $282.0M37%Noninterest $166.0MQ2 2025Q2 2026

NIM

3.96%Q2 ’244.16%Q2 ’254.23%Q2 ’26-2%+6%

Non-interest income vs. expense

6.48%Q2 ’246.93%Q2 ’257.25%Q2 ’26+1%-13%

Market Position · Hartford-West Hartford-East Hartford, CT · 2026 SOD (annual) · 0.6% share · #14 of 27 inst. · $0.4B of $58.8B

6.3% Lower Connecticut River Valley
0.3% South Central Connecticut

Executive Summary

  • Earnings: ROA of 1.10%, up 35 bps year over year; NIM at 3.46%.
  • Asset quality: problem loans at 1.27% of loans (-15 bps YoY), with net charge-offs at 0.00%.
  • Capital: tier 1 leverage ratio of 12.87%, up 74 bps from a year ago.
  • Funding: loans stand at 82.45% of deposits as of Q2 2026.

Financial Results

Return on Assets (YTD, annualized)

1.10%+35 bps YoY

Net Interest Margin (YTD, annualized)

3.46%+20 bps YoY

Efficiency Ratio (YTD, annualized)

82.46%-404 bps YoY

Tier 1 Leverage Ratio

12.87%+74 bps YoY

Year to date, annualized, through each quarter.

MetricQ2 2025Q3 2025Q4 2025Q1 2026Q2 2026YoY ΔTrend
Earnings
Return on Assets0.75%0.84%0.92%0.89%1.10%+35 bps
Return on Equity5.54%6.17%6.70%6.30%7.75%+221 bps
Net Interest Margin3.27%3.36%3.40%3.46%3.46%+20 bps
Efficiency Ratio86.50%85.53%84.49%85.19%82.46%-404 bps
Non-Interest Burden2.13%2.11%2.05%2.12%1.86%-27 bps
Growth
Asset Growth (YoY)0.56%3.36%3.97%2.65%4.59%+403 bps
Loan Growth (YoY)7.34%5.92%2.41%3.50%1.24%-611 bps
Deposit Growth (YoY)-0.85%2.71%2.99%1.52%3.68%+453 bps
Asset Quality
Nonperforming Loans / Loans1.42%1.37%1.36%1.29%1.27%-15 bps
Net Charge-Offs / Loans0.00%0.00%0.00%0.00%0.00%0 bps
Allowance / Loans0.89%0.89%0.92%0.92%0.94%+5 bps
Allowance Coverage of NPLs0.6x0.6x0.7x0.7x0.7x+0.1x
Capital
Tier 1 Leverage Ratio12.13%12.45%12.61%12.78%12.87%+74 bps
Total Risk-Based Capital12.13%12.45%12.61%12.78%12.87%+74 bps
Equity / Assets13.63%14.13%14.15%14.23%14.27%+64 bps
Liquidity & Funding
Loans / Deposits84.44%87.63%84.39%84.31%82.45%-199 bps
Liquid Assets / Assets11.72%9.38%12.97%13.01%14.39%+266 bps
CRE / Total Capitaln/a228%217%214%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

Essex Bank

Essex, CT · Cert 17262 · Peer group: banks under $1B in assets operating in a single state (n=743-746)

SI · FDIC · 8 branches

Q2 2026

$536.6MAssets
$369.3MLoans
$447.9MDeposits
$76.6MEquity

Executive Summary

  • Strongest standing: net charge-offs / loans outperforms 100% of banks under $1B in assets operating in a single state (rank 185 of 743).
  • Widest gap: efficiency ratio trails 86% of banks under $1B in assets operating in a single state (rank 640 of 746).
  • Overall: at or above the peer median on 3 of 9 directional measures.

Return on Assets

1.08%

Rank 360 of 746

Net Interest Margin

3.46%

Rank 465 of 746

Efficiency Ratio

82.46%

Rank 640 of 746

Equity / Assets

14.27%

Rank 126 of 746

Non-interest income vs. expense

$28.6M$38.5MINCOMEEXPENSE
Unfavorable gap of $9.9M · efficiency ratio beats 14% of banks under $1B in assets operating in a single state
Bank 82.46%Peer median 64.6%Q2 2024Q2 2026Shaded: peer 25th to 75th percentile
MetricYour BankPeer 25thPeer MedianPeer 75thStandingRankPeer Position
Earnings
Return on Assets1.08%0.72%1.06%1.45%Beats 52%360 / 746
Return on Equity7.59%6.74%10.51%13.63%Beats 31%516 / 746
Net Interest Margin3.46%3.17%3.68%4.16%Beats 38%465 / 746
Efficiency Ratio82.46%55.74%64.58%75.47%Beats 14%640 / 746
Asset Quality
Nonperforming Loans / Loans1.27%0.09%0.42%1.07%Beats 21%589 / 743
Net Charge-Offs / Loans0.00%0.00%0.01%0.05%Beats 100%185 / 743
Capital
Tier 1 Capital Ratio12.87%11.55%13.75%17.60%Beats 40%450 / 746
Total Risk-Based Capital Ratio12.87%11.71%14.33%18.43%Beats 35%483 / 746
Equity / Assets14.27%8.90%10.51%13.06%Beats 83%126 / 746
Liquidity & Funding
Loans / Deposits82.45%61.31%78.27%90.78%59th pctl308 / 746
Loans / Assets68.82%53.60%66.97%76.08%54th pctl340 / 746
Brokered Deposits / Depositsn/aNot reported for this institution