Essex Bank

Essex, CT · Cert 17262

SI · FDIC · 8 branches

Q2 2026

$536.6MAssets

$369.3MLoans

$447.9MDeposits

$76.6MEquity

Loan mix

Deposit mix

NIM

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

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%.

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.

Metric	Q2 2025	Q3 2025	Q4 2025	Q1 2026	Q2 2026	YoY Δ
Earnings
Return on Assets	0.75%	0.84%	0.92%	0.89%	1.10%	+35 bps
Return on Equity	5.54%	6.17%	6.70%	6.30%	7.75%	+221 bps
Net Interest Margin	3.27%	3.36%	3.40%	3.46%	3.46%	+20 bps
Efficiency Ratio	86.50%	85.53%	84.49%	85.19%	82.46%	-404 bps
Non-Interest Burden	2.13%	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 / Loans	1.42%	1.37%	1.36%	1.29%	1.27%	-15 bps
Net Charge-Offs / Loans	0.00%	0.00%	0.00%	0.00%	0.00%	0 bps
Allowance / Loans	0.89%	0.89%	0.92%	0.92%	0.94%	+5 bps
Allowance Coverage of NPLs	0.6x	0.6x	0.7x	0.7x	0.7x	+0.1x
Capital
Tier 1 Leverage Ratio	12.13%	12.45%	12.61%	12.78%	12.87%	+74 bps
Total Risk-Based Capital	12.13%	12.45%	12.61%	12.78%	12.87%	+74 bps
Equity / Assets	13.63%	14.13%	14.15%	14.23%	14.27%	+64 bps
Liquidity & Funding
Loans / Deposits	84.44%	87.63%	84.39%	84.31%	82.45%	-199 bps
Liquid Assets / Assets	11.72%	9.38%	12.97%	13.01%	14.39%	+266 bps
CRE / Total Capital	n/a	228%	217%	214%	n/a	n/a