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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 $0.0BQ3 2024Q2 2026
Deposit mix
87%Interest-bearing $1.1B13%Noninterest $0.2BQ3 2024Q2 2026

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 1.03%, up 65 bps year over year; NIM at 3.16%.
  • Asset quality: problem loans at 0.50% of loans (+32 bps YoY), with net charge-offs at 0.06%.
  • 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.

Return on Assets (YTD, annualized)

1.03%+65 bps YoY

Net Interest Margin (YTD, annualized)

3.16%+57 bps YoY

Efficiency Ratio (YTD, annualized)

67.45%-1,610 bps YoY

Tier 1 Leverage Ratio

9.65%-126 bps YoY

NIM

4.12%Q2 ’244.34%Q2 ’254.71%Q2 ’26+15%+22%

Non-interest income vs. expense

2.68%Q2 ’242.69%Q2 ’252.60%Q2 ’26-2%-4%

Year to date, annualized, through each quarter.

MetricQ3 2024Q4 2024Q1 2025Q2 2025Q3 2025Q4 2025Q1 2026Q2 2026YoY ΔTrend
Earnings
Return on Assets0.21%10.17%0.23%0.39%0.25%0.49%0.87%1.03%+65 bps
Return on Equity2.05%1.70%2.32%3.82%2.46%4.94%8.78%10.35%+653 bps
Net Interest Margin2.22%2.24%2.48%2.58%2.44%2.62%3.18%3.16%+57 bps
Efficiency Ratio93.63%92.28%86.73%83.56%87.91%80.68%69.27%67.45%-1,610 bps
Non-Interest Burden2.05%2.03%2.07%2.06%2.09%2.02%2.07%1.98%-9 bps
Growth
Asset Growth (YoY)6.55%3.79%7.20%5.31%24.59%25.21%23.93%26.35%+2,104 bps
Loan Growth (YoY)9.08%5.95%6.66%7.10%31.02%32.49%28.99%30.00%+2,290 bps
Deposit Growth (YoY)12.62%8.37%9.80%6.24%26.51%26.13%24.59%26.09%+1,985 bps
Asset Quality
Nonperforming Loans / Loans0.22%0.24%0.15%0.18%0.30%0.36%0.41%0.50%+32 bps
Net Charge-Offs / Loans0.00%0.00%0.07%0.03%0.29%0.06%0.12%0.06%+3 bps
Allowance / Loans0.59%0.63%0.62%0.62%0.63%0.76%0.74%0.76%+15 bps
Allowance Coverage of NPLs2.7x2.6x4.1x3.4x2.1x2.1x1.8x1.5x-1.9x
Capital
Tier 1 Leverage Ratio11.09%10.91%10.79%10.91%9.37%9.35%9.58%9.65%-126 bps
Total Risk-Based Capital11.09%10.91%10.79%10.91%9.37%9.35%9.58%9.65%-126 bps
Equity / Assets10.27%10.14%10.05%10.30%9.82%9.84%9.94%10.11%-19 bps
Liquidity & Funding
Loans / Deposits84.51%84.33%83.84%85.50%87.52%88.59%86.80%88.15%+265 bps
Liquid Assets / Assets2.50%3.43%3.56%1.49%1.75%1.55%3.63%2.46%+97 bps
CRE / Total Capitaln/an/an/an/a325%340%328%n/an/a