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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 1.10%, 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.

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

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%

Year to date, annualized, through each quarter.

MetricQ3 2024Q4 2024Q1 2025Q2 2025Q3 2025Q4 2025Q1 2026Q2 2026YoY ΔTrend
Earnings
Return on Assets0.91%0.82%0.57%0.75%0.84%0.92%0.89%1.10%+35 bps
Return on Equity7.11%6.32%4.24%5.54%6.17%6.70%6.30%7.75%+221 bps
Net Interest Margin3.38%3.35%3.21%3.27%3.36%3.40%3.46%3.46%+20 bps
Efficiency Ratio84.25%85.37%88.97%86.50%85.53%84.49%85.19%82.46%-404 bps
Non-Interest Burden2.07%2.13%2.30%2.13%2.11%2.05%2.12%1.86%-27 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