Woburn, MA · Cert 18266 · Northern Bcorp Inc.
State charter, non-member · FDIC · 14 branches
Q2 2026
Market Position · Boston-Cambridge-Newton, MA-NH · 2026 SOD (annual) · 0.5% share · #17 of 100 inst. · $2.8B of $580.3B
Return on Assets (quarter, annualized)
Net Interest Margin (quarter, annualized)
Efficiency Ratio (quarter, annualized)
Tier 1 Leverage Ratio
Discrete quarter, annualized.
| Metric | Q3 2024 | Q4 2024 | Q1 2025 | Q2 2025 | Q3 2025 | Q4 2025 | Q1 2026 | Q2 2026 | YoY Δ | Trend |
|---|---|---|---|---|---|---|---|---|---|---|
| Earnings | ||||||||||
| Return on Assets | 1.35% | 1.44% | 1.63% | 1.98% | 1.65% | 1.30% | 1.78% | 2.01% | +3 bps | |
| Return on Equity | 9.74% | 10.16% | 11.20% | 13.44% | 11.24% | 8.89% | 12.30% | 14.13% | +69 bps | |
| Net Interest Margin | 4.46% | 4.12% | 5.35% | 4.65% | 4.72% | 4.94% | 4.77% | 4.75% | +9 bps | |
| Efficiency Ratio | 48.36% | 55.01% | 33.49% | 41.26% | 45.99% | 64.89% | 49.17% | 45.06% | +380 bps | |
| Non-Interest Burden | 2.05% | 2.18% | 1.67% | 1.82% | 2.06% | 3.15% | 2.27% | 2.02% | +20 bps | |
| Growth | ||||||||||
| Asset Growth (YoY) | 8.61% | 3.60% | -3.01% | -2.63% | 1.02% | -1.85% | 4.36% | 4.97% | +760 bps | |
| Loan Growth (YoY) | 7.18% | 3.48% | -2.64% | -1.36% | 0.15% | -0.44% | 6.43% | 3.82% | +518 bps | |
| Deposit Growth (YoY) | 7.67% | 5.29% | -3.53% | -4.25% | 1.23% | -3.70% | 4.88% | 5.76% | +1,001 bps | |
| Asset Quality | ||||||||||
| Nonperforming Loans / Loans | 1.26% | 2.20% | 2.43% | 2.50% | 3.19% | 3.07% | 2.09% | 2.07% | -43 bps | |
| Net Charge-Offs / Loans | 0.51% | 0.00% | 0.21% | -0.04% | 0.16% | 0.58% | 0.14% | 0.00% | +4 bps | |
| Allowance / Loans | 1.89% | 1.88% | 2.33% | 2.32% | 2.39% | 2.28% | 2.22% | 2.20% | -12 bps | |
| Allowance Coverage of NPLs | 1.5x | 0.9x | 1.0x | 0.9x | 0.7x | 0.7x | 1.1x | 1.1x | +0.1x | |
| Capital | ||||||||||
| Tier 1 Leverage Ratio | 14.18% | 14.35% | 14.85% | 15.23% | 14.90% | 14.70% | 14.66% | 14.55% | -68 bps | |
| Total Risk-Based Capital | 16.34% | 16.45% | 17.19% | 17.28% | 17.05% | 16.63% | 16.41% | 16.56% | -72 bps | |
| Equity / Assets | 14.17% | 14.20% | 14.84% | 14.68% | 14.74% | 14.58% | 14.35% | 14.13% | -55 bps | |
| Liquidity & Funding | ||||||||||
| Loans / Deposits | 107.50% | 105.38% | 105.22% | 104.84% | 106.36% | 108.94% | 106.77% | 102.92% | -192 bps | |
| Liquid Assets / Assets | 3.03% | 3.76% | 5.32% | 5.19% | 3.93% | 2.01% | 2.15% | 5.21% | +2 bps | |
| CRE / Total Capital | n/a | n/a | n/a | n/a | 250% | 250% | 262% | n/a | n/a | |