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Letter portraitLegal landscapeQuarterYTD

Union Savings Bank

Danbury, CT · Cert 18190 · Usb Bcorp Inc.

SI · FDIC · 26 branches

Q2 2026

$3.3BAssets
$2.4BLoans
$2.5BDeposits
$326.2MEquity
Loan mix
98%RE $2.3B1%C&I $0.0B0%Consumer $0.0BQ2 2025Q2 2026
Deposit mix
72%Interest-bearing $1.8B28%Noninterest $0.7BQ2 2025Q2 2026

NIM

3.91%Q2 ’244.12%Q2 ’254.19%Q2 ’26+17%+7%

Non-interest income vs. expense

2.33%Q2 ’242.36%Q2 ’252.37%Q2 ’26+2%+0%

Market Position · Bridgeport-Stamford-Danbury, CT · 2026 SOD (annual) · 2.5% share · #8 of 25 inst. · $1.9B of $77.9B

2.9% Western Connecticut
13.7% Northwest Hills
0.6% Greater Bridgeport
0.5% Naugatuck Valley

Executive Summary

  • Earnings: ROA of 0.81%, up 14 bps year over year; NIM at 2.77%.
  • Asset quality: problem loans at 0.29% of loans (-10 bps YoY), with net recoveries of 0.01%.
  • Capital: tier 1 leverage ratio of 11.48%, down 2 bps from a year ago.
  • Funding: loans stand at 93.58% of deposits as of Q2 2026.

Financial Results

Return on Assets (YTD, annualized)

0.81%+14 bps YoY

Net Interest Margin (YTD, annualized)

2.77%+17 bps YoY

Efficiency Ratio (YTD, annualized)

69.65%-351 bps YoY

Tier 1 Leverage Ratio

11.48%-2 bps YoY

Year to date, annualized, through each quarter.

MetricQ2 2025Q3 2025Q4 2025Q1 2026Q2 2026YoY ΔTrend
Earnings
Return on Assets0.67%0.68%0.61%0.77%0.81%+14 bps
Return on Equity7.44%7.42%6.68%8.09%8.38%+94 bps
Net Interest Margin2.60%2.63%2.59%2.74%2.77%+17 bps
Efficiency Ratio73.16%73.19%75.82%70.12%69.65%-351 bps
Non-Interest Burden1.73%1.75%1.81%1.74%1.73%+1 bps
Growth
Asset Growth (YoY)3.66%5.60%6.83%5.87%4.61%+95 bps
Loan Growth (YoY)11.24%11.93%8.78%7.62%7.57%-367 bps
Deposit Growth (YoY)5.68%4.46%6.53%6.95%6.46%+78 bps
Asset Quality
Nonperforming Loans / Loans0.38%0.34%0.33%0.31%0.29%-10 bps
Net Charge-Offs / Loans-0.04%-0.03%0.01%-0.01%-0.01%+3 bps
Allowance / Loans1.07%1.06%1.01%1.03%1.02%-4 bps
Allowance Coverage of NPLs2.8x3.2x3.0x3.3x3.5x+0.8x
Capital
Tier 1 Leverage Ratio11.50%11.53%11.33%11.41%11.48%-2 bps
Total Risk-Based Capital11.50%11.53%11.33%11.41%11.48%-2 bps
Equity / Assets9.26%9.38%9.48%9.65%9.87%+61 bps
Liquidity & Funding
Loans / Deposits92.62%96.99%93.40%92.11%93.58%+97 bps
Liquid Assets / Assets3.24%3.78%4.79%6.15%4.66%+142 bps
CRE / Total Capitaln/a381%384%376%n/an/a