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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 $0.1MQ3 2024Q2 2026
Deposit mix
63%Interest-bearing $282.0M37%Noninterest $166.0MQ3 2024Q2 2026

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 1.31%, up 39 bps year over year; NIM at 3.54%.
  • 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.

Return on Assets (quarter, annualized)

1.31%+39 bps YoY

Net Interest Margin (quarter, annualized)

3.54%+18 bps YoY

Efficiency Ratio (quarter, annualized)

79.92%-428 bps YoY

Tier 1 Leverage Ratio

12.87%+74 bps YoY

NIM

4.06%Q2 ’244.25%Q2 ’254.31%Q2 ’26+0%+5%

Non-interest income vs. expense

6.57%Q2 ’246.97%Q2 ’257.28%Q2 ’26-1%-17%

Discrete quarter, annualized.

MetricQ3 2024Q4 2024Q1 2025Q2 2025Q3 2025Q4 2025Q1 2026Q2 2026YoY ΔTrend
Earnings
Return on Assets1.01%0.55%0.57%0.92%1.03%1.17%0.89%1.31%+39 bps
Return on Equity7.67%4.01%4.24%6.82%7.39%8.25%6.30%9.18%+237 bps
Net Interest Margin3.36%3.27%3.21%3.36%3.51%3.66%3.46%3.54%+18 bps
Efficiency Ratio83.29%88.78%88.97%84.20%83.70%81.65%85.19%79.92%-428 bps
Non-Interest Burden1.92%2.34%2.30%1.99%2.05%1.96%2.12%1.65%-35 bps
Growth
Asset Growth (YoY)-0.98%-1.10%1.37%0.56%3.36%3.97%2.65%4.59%+403 bps
Loan Growth (YoY)4.50%8.22%7.95%7.34%5.92%2.41%3.50%1.24%-611 bps
Deposit Growth (YoY)-2.79%-2.64%0.22%-0.85%2.71%2.99%1.52%3.68%+453 bps
Asset Quality
Nonperforming Loans / Loans0.05%0.05%0.09%1.42%1.37%1.36%1.29%1.27%-15 bps
Net Charge-Offs / Loans0.00%0.00%0.00%0.00%0.00%0.00%0.00%0.00%0 bps
Allowance / Loans0.88%0.87%0.89%0.89%0.89%0.92%0.92%0.94%+5 bps
Allowance Coverage of NPLs18.4x18.9x9.7x0.6x0.6x0.7x0.7x0.7x+0.1x
Capital
Tier 1 Leverage Ratio11.83%11.98%12.04%12.13%12.45%12.61%12.78%12.87%+74 bps
Total Risk-Based Capital11.83%11.98%12.04%12.13%12.45%12.61%12.78%12.87%+74 bps
Equity / Assets13.66%13.50%13.39%13.63%14.13%14.15%14.23%14.27%+64 bps
Liquidity & Funding
Loans / Deposits84.98%84.87%82.70%84.44%87.63%84.39%84.31%82.45%-199 bps
Liquid Assets / Assets7.23%8.35%11.36%11.72%9.38%12.97%13.01%14.39%+266 bps
CRE / Total Capitaln/an/an/an/a228%217%214%n/an/a