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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 $0.0BQ3 2024Q2 2026
Deposit mix
69%Interest-bearing $1.2B31%Noninterest $0.5BQ3 2024Q2 2026

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 1.07%, up 35 bps year over year; NIM at 3.19%.
  • Asset quality: problem loans at 0.65% of loans (+2 bps YoY), with net charge-offs at 0.04%.
  • 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.

Return on Assets (YTD, annualized)

1.07%+35 bps YoY

Net Interest Margin (YTD, annualized)

3.19%+48 bps YoY

Efficiency Ratio (YTD, annualized)

62.32%-1,042 bps YoY

Tier 1 Leverage Ratio

10.68%+59 bps YoY

NIM

4.17%Q2 ’244.34%Q2 ’254.58%Q2 ’26+9%+18%

Non-interest income vs. expense

2.35%Q2 ’242.38%Q2 ’252.39%Q2 ’26-2%-4%

Year to date, annualized, through each quarter.

MetricQ3 2024Q4 2024Q1 2025Q2 2025Q3 2025Q4 2025Q1 2026Q2 2026YoY ΔTrend
Earnings
Return on Assets0.48%0.51%0.61%0.72%0.73%0.78%1.04%1.07%+35 bps
Return on Equity6.67%7.00%7.86%9.14%9.03%9.40%11.44%11.62%+249 bps
Net Interest Margin2.48%2.49%2.61%2.71%2.76%2.79%3.10%3.19%+48 bps
Efficiency Ratio78.11%77.49%76.28%72.74%72.62%71.47%61.16%62.32%-1,042 bps
Non-Interest Burden1.82%1.81%1.86%1.81%1.85%1.83%1.66%1.74%-7 bps
Growth
Asset Growth (YoY)4.69%2.37%2.15%2.09%1.32%4.22%3.73%3.90%+181 bps
Loan Growth (YoY)10.26%6.81%4.87%4.64%5.78%8.02%7.89%7.06%+242 bps
Deposit Growth (YoY)2.93%2.47%1.73%1.42%1.36%3.46%3.76%4.08%+266 bps
Asset Quality
Nonperforming Loans / Loans0.75%0.68%0.53%0.63%0.61%0.62%0.65%0.65%+2 bps
Net Charge-Offs / Loans0.05%0.07%-0.05%0.00%0.01%0.01%0.00%0.04%+4 bps
Allowance / Loans0.94%0.92%0.94%0.93%0.93%0.91%0.96%0.99%+6 bps
Allowance Coverage of NPLs1.3x1.4x1.8x1.5x1.5x1.5x1.5x1.5x+0.1x
Capital
Tier 1 Leverage Ratio9.67%9.72%9.93%10.09%10.19%10.24%10.43%10.68%+59 bps
Total Risk-Based Capital9.67%9.72%9.93%10.09%10.19%10.24%10.43%10.68%+59 bps
Equity / Assets7.76%7.56%7.92%8.16%8.84%9.03%9.22%9.40%+125 bps
Liquidity & Funding
Loans / Deposits80.89%81.82%82.36%82.45%84.42%85.43%85.64%84.81%+236 bps
Liquid Assets / Assets2.38%1.94%2.08%3.01%1.50%1.15%1.33%2.59%-42 bps
CRE / Total Capitaln/an/an/an/a344%353%347%n/an/a