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Thomaston Savings Bank

Thomaston, CT · Cert 18258

SI · FDIC · 16 branches

Q2 2026

$1.9BAssets
$1.4BLoans
$1.7BDeposits
$182.0MEquity
Loan mix
87%RE $1.2B10%C&I $0.1B3%Consumer $0.0BQ2 2025Q2 2026
Deposit mix
69%Interest-bearing $1.2B31%Noninterest $0.5BQ2 2025Q2 2026

NIM

4.24%Q2 ’244.41%Q2 ’254.63%Q2 ’26+14%+17%

Non-interest income vs. expense

2.37%Q2 ’242.36%Q2 ’252.52%Q2 ’26-3%+3%

Market Position · Waterbury-Shelton, CT · 2026 SOD (annual) · 10.7% share · #4 of 16 inst. · $1.3B of $12.5B

10.7% Naugatuck Valley
0.4% Capitol
4.6% Northwest Hills

Executive Summary

  • Earnings: ROA of 1.10%, up 27 bps year over year; NIM at 3.28%.
  • Asset quality: problem loans at 0.65% of loans (+2 bps YoY), with net charge-offs at 0.07%.
  • Capital: tier 1 leverage ratio of 10.68%, up 59 bps from a year ago.
  • Funding: loans stand at 84.81% of deposits as of Q2 2026.

Financial Results

Return on Assets (quarter, annualized)

1.10%+27 bps YoY

Net Interest Margin (quarter, annualized)

3.28%+47 bps YoY

Efficiency Ratio (quarter, annualized)

63.38%-608 bps YoY

Tier 1 Leverage Ratio

10.68%+59 bps YoY

Discrete quarter, annualized.

MetricQ2 2025Q3 2025Q4 2025Q1 2026Q2 2026YoY ΔTrend
Earnings
Return on Assets0.83%0.76%0.92%1.04%1.10%+27 bps
Return on Equity10.35%8.93%10.33%11.44%11.83%+148 bps
Net Interest Margin2.81%2.92%3.00%3.10%3.28%+47 bps
Efficiency Ratio69.46%72.38%68.38%61.16%63.38%-608 bps
Non-Interest Burden1.77%1.96%1.85%1.66%1.83%+6 bps
Growth
Asset Growth (YoY)2.09%1.32%4.22%3.73%3.90%+181 bps
Loan Growth (YoY)4.64%5.78%8.02%7.89%7.06%+242 bps
Deposit Growth (YoY)1.42%1.36%3.46%3.76%4.08%+266 bps
Asset Quality
Nonperforming Loans / Loans0.63%0.61%0.62%0.65%0.65%+2 bps
Net Charge-Offs / Loans0.05%0.02%0.03%0.00%0.07%+2 bps
Allowance / Loans0.93%0.93%0.91%0.96%0.99%+6 bps
Allowance Coverage of NPLs1.5x1.5x1.5x1.5x1.5x+0.1x
Capital
Tier 1 Leverage Ratio10.09%10.19%10.24%10.43%10.68%+59 bps
Total Risk-Based Capital10.09%10.19%10.24%10.43%10.68%+59 bps
Equity / Assets8.16%8.84%9.03%9.22%9.40%+125 bps
Liquidity & Funding
Loans / Deposits82.45%84.42%85.43%85.64%84.81%+236 bps
Liquid Assets / Assets3.01%1.50%1.15%1.33%2.59%-42 bps
CRE / Total Capitaln/a344%353%347%n/an/a