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Ascend Bank

Guilford, CT · Cert 18194 · Ascend Mutual Holding

SI · FDIC · 14 branches

Q2 2026

$1.5BAssets
$1.2BLoans
$1.3BDeposits
$151.2MEquity
Loan mix
94%RE $1.1B4%C&I $0.0B1%Consumer $0.0BQ2 2025Q2 2026
Deposit mix
87%Interest-bearing $1.1B13%Noninterest $0.2BQ2 2025Q2 2026

NIM

4.12%Q2 ’244.43%Q2 ’254.80%Q2 ’26+21%+19%

Non-interest income vs. expense

2.73%Q2 ’242.68%Q2 ’252.59%Q2 ’26-4%-6%

Market Position · New Haven, CT · 2026 SOD (annual) · 4.8% share · #9 of 17 inst. · $1.0B of $20.4B

4.8% South Central Connecticut
2.7% Southeastern Connecticut
1.7% Lower Connecticut River Valley
3.6% Northeastern Connecticut

Executive Summary

  • Earnings: ROA of 1.19%, up 66 bps year over year; NIM at 3.21%.
  • Asset quality: problem loans at 0.50% of loans (+32 bps YoY), with net charge-offs at 0.00%.
  • Capital: tier 1 leverage ratio of 9.65%, down 126 bps from a year ago.
  • Funding: loans stand at 88.15% of deposits as of Q2 2026.

Financial Results

Return on Assets (quarter, annualized)

1.19%+66 bps YoY

Net Interest Margin (quarter, annualized)

3.21%+52 bps YoY

Efficiency Ratio (quarter, annualized)

65.72%-1,489 bps YoY

Tier 1 Leverage Ratio

9.65%-126 bps YoY

Discrete quarter, annualized.

MetricQ2 2025Q3 2025Q4 2025Q1 2026Q2 2026YoY ΔTrend
Earnings
Return on Assets0.54%0.01%11.12%0.87%1.19%+66 bps
Return on Equity5.30%0.07%11.39%8.78%11.86%+656 bps
Net Interest Margin2.69%3.04%3.23%3.18%3.21%+52 bps
Efficiency Ratio80.61%94.29%64.62%69.27%65.72%-1,489 bps
Non-Interest Burden2.05%2.88%1.88%2.07%1.94%-12 bps
Growth
Asset Growth (YoY)5.31%24.59%25.21%23.93%26.35%+2,104 bps
Loan Growth (YoY)7.10%31.02%32.49%28.99%30.00%+2,290 bps
Deposit Growth (YoY)6.24%26.51%26.13%24.59%26.09%+1,985 bps
Asset Quality
Nonperforming Loans / Loans0.18%0.30%0.36%0.41%0.50%+32 bps
Net Charge-Offs / Loans0.00%0.82%-0.60%0.12%0.00%0 bps
Allowance / Loans0.62%0.63%0.76%0.74%0.76%+15 bps
Allowance Coverage of NPLs3.4x2.1x2.1x1.8x1.5x-1.9x
Capital
Tier 1 Leverage Ratio10.91%9.37%9.35%9.58%9.65%-126 bps
Total Risk-Based Capital10.91%9.37%9.35%9.58%9.65%-126 bps
Equity / Assets10.30%9.82%9.84%9.94%10.11%-19 bps
Liquidity & Funding
Loans / Deposits85.50%87.52%88.59%86.80%88.15%+265 bps
Liquid Assets / Assets1.49%1.75%1.55%3.63%2.46%+97 bps
CRE / Total Capitaln/a325%340%328%n/an/a