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Merrimack County Savings Bank

Concord, NH · Cert 17960 · New Hampshire Mutual Bcorp

SI · FDIC · 9 branches

Q2 2026

Board Package

Performance Trends and Peer Comparison

Part 1Performance Trends, own institution only2
Part 2Peer Comparison, banks $1B-$10B 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 $1B-$10B in assets operating in a single state (n=257 to 258). 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

40

Q2 2024Q2 2026peer median (50)

Asset Quality

26

Q2 2024Q2 2026peer median (50)

Profitability

14

Q2 2024Q2 2026peer median (50)

Liquidity

12

Q2 2024Q2 2026peer median

Efficiency

12

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

Merrimack County Savings Bank

Concord, NH · Cert 17960 · New Hampshire Mutual Bcorp

SI · FDIC · 2 affiliate banks · 9 branches (31 in holding)

Q2 2026

$1.4BAssets
$1.2BLoans
$1.2BDeposits
$125.7MEquity
Loan mix
72%RE $825.9M9%C&I $102.7M19%Consumer $222.1MQ3 2024Q2 2026
Deposit mix
84%Interest-bearing $975.6M16%Noninterest $188.8MQ3 2024Q2 2026

Market Position · Manchester-Nashua, NH · 2026 SOD (annual) · 0.4% share · #19 of 24 inst. · $0.1B of $15.4B

18.8% Merrimack
0.4% Hillsborough
0.0% Rockingham

Executive Summary

  • Earnings: ROA of 0.47%, up 21 bps year over year; NIM at 3.20%.
  • Asset quality: problem loans at 0.64% of loans (-3 bps YoY), with net charge-offs at 0.18%.
  • Capital: tier 1 leverage ratio of 9.76%, up 10 bps from a year ago.
  • Funding: loans stand at 101.80% of deposits as of Q2 2026.

Return on Assets (YTD, annualized)

0.47%+21 bps YoY

Net Interest Margin (YTD, annualized)

3.20%+41 bps YoY

Efficiency Ratio (YTD, annualized)

76.03%-914 bps YoY

Tier 1 Leverage Ratio

9.76%+10 bps YoY

NIM

4.44%Q2 ’244.74%Q2 ’254.89%Q2 ’26+9%+15%

Non-interest income vs. expense

2.25%Q2 ’242.63%Q2 ’252.64%Q2 ’26+17%+2%

Year to date, annualized, through each quarter.

MetricQ3 2024Q4 2024Q1 2025Q2 2025Q3 2025Q4 2025Q1 2026Q2 2026YoY ΔTrend
Earnings
Return on Assets0.21%0.23%0.29%0.26%0.29%0.27%0.53%0.47%+21 bps
Return on Equity2.53%2.70%3.40%3.02%3.27%3.06%5.93%5.30%+228 bps
Net Interest Margin2.56%2.61%2.76%2.79%2.86%2.86%3.13%3.20%+41 bps
Efficiency Ratio80.22%80.40%83.10%85.18%85.04%82.14%75.20%76.03%-914 bps
Non-Interest Burden1.99%2.04%2.24%2.32%2.39%2.29%2.29%2.36%+4 bps
Growth
Asset Growth (YoY)1.47%-1.05%-0.33%-2.37%-2.32%2.25%2.70%4.12%+649 bps
Loan Growth (YoY)-0.08%-1.25%-1.51%-2.64%-2.15%0.35%0.49%3.37%+601 bps
Deposit Growth (YoY)1.46%8.76%10.85%5.04%4.44%1.31%2.46%5.86%+82 bps
Asset Quality
Nonperforming Loans / Loans0.59%0.63%0.66%0.67%0.65%0.49%0.71%0.64%-3 bps
Net Charge-Offs / Loans0.33%0.29%0.07%0.07%0.09%0.26%0.12%0.18%+11 bps
Allowance / Loans1.01%1.07%1.09%1.12%1.11%1.11%1.13%1.14%+2 bps
Allowance Coverage of NPLs1.7x1.7x1.7x1.7x1.7x2.3x1.6x1.8x+0.1x
Capital
Tier 1 Leverage Ratio9.30%9.44%9.55%9.66%9.80%9.57%9.56%9.76%+10 bps
Total Risk-Based Capital13.45%13.69%13.75%13.80%14.00%13.96%14.18%14.00%+21 bps
Equity / Assets8.53%8.52%8.72%8.83%9.03%8.90%8.96%8.93%+11 bps
Liquidity & Funding
Loans / Deposits111.15%102.68%103.42%104.25%104.14%101.70%101.43%101.80%-245 bps
Liquid Assets / Assets1.63%1.09%1.59%0.92%2.06%3.74%3.47%2.01%+109 bps
CRE / Total Capitaln/an/an/an/a243%249%251%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

Merrimack County Savings Bank

Concord, NH · Cert 17960 · Peer group: banks $1B-$10B in assets operating in a single state (n=257-258) · New Hampshire Mutual Bcorp

SI · FDIC · 2 affiliate banks · 9 branches (31 in holding)

Q2 2026

$1.4BAssets
$1.2BLoans
$1.2BDeposits
$125.7MEquity

Executive Summary

  • Strongest standing: total risk-based capital ratio outperforms 52% of banks $1B-$10B in assets operating in a single state (rank 125 of 258).
  • Widest gap: return on assets trails 95% of banks $1B-$10B in assets operating in a single state (rank 244 of 258).
  • Overall: at or above the peer median on 1 of 9 directional measures.

Return on Assets

0.47%

Rank 244 of 258

Net Interest Margin

3.20%

Rank 184 of 258

Efficiency Ratio

76.03%

Rank 226 of 257

Equity / Assets

8.93%

Rank 204 of 258

Non-interest income vs. expense

$3.8M$36.8MINCOMEEXPENSE
Unfavorable gap of $32.9M · efficiency ratio beats 12% of banks $1B-$10B in assets operating in a single state
Bank 76.03%Peer median 60.3%Q3 2024Q2 2026Shaded: peer 25th to 75th percentile
MetricYour BankPeer 25thPeer MedianPeer 75thStandingRank8-Qtr TrendPeer Position
Earnings
Return on Assets0.47%0.93%1.23%1.54%Beats 5%244 / 258
Return on Equity5.25%9.26%11.84%14.74%Beats 7%239 / 258
Net Interest Margin3.20%3.16%3.49%3.88%Beats 29%184 / 258
Efficiency Ratio76.03%51.71%60.30%69.65%Beats 12%226 / 257
Asset Quality
Nonperforming Loans / Loans0.64%0.19%0.46%0.90%Beats 31%178 / 258
Net Charge-Offs / Loans0.11%0.01%0.02%0.07%Beats 21%205 / 258
Capital
Tier 1 Capital Ratio12.75%11.41%12.98%15.12%Beats 46%139 / 258
Total Risk-Based Capital Ratio14.00%12.10%13.91%16.08%Beats 52%125 / 258
Equity / Assets8.93%9.09%10.24%11.72%Beats 21%204 / 258
Liquidity & Funding
Loans / Deposits101.80%73.24%86.34%95.95%86th pctl36 / 258
Loans / Assets84.23%63.01%72.27%78.40%93rd pctl19 / 258
Brokered Deposits / Depositsn/aNot reported for this institution