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Marblehead Municipal

Marblehead, MA · Charter 23276

NCUA · 1 branch

Q2 2026

Board Package

Performance Trends and Peer Comparison

Part 1Performance Trends, own institution only2
Part 2Peer Comparison, credit unions under $1B in assets in the Boston-Cambridge-Newton, MA-NH area3

Basis

Quarter: Q2 2026, the quarter ended June 30, 2026, on both parts.

Income statement: year to date as filed, annualized, on both parts.

Balance sheet: as filed at quarter end.

Peer group

Credit unions under $1B in assets in the Boston-Cambridge-Newton, MA-NH area (n=66). Each measure ranks only the institutions that reported it, so n varies by measure.

Peer groups below the disclosure floor are suppressed.

Peer standing

Capital

59

Q2 2024Q2 2026peer median (50)

Asset Quality

45

Q2 2024Q2 2026peer median (50)

Profitability

36

Q2 2024Q2 2026peer median (50)

Liquidity

99

Q2 2024Q2 2026peer median

Efficiency

55

Q2 2024Q2 2026peer median (50)

Growth

No peer data yet

Capital, Asset Quality, Profitability, Efficiency: higher is always a stronger peer standing (▲ better, ▼ worse). Liquidity, Growth: the score reflects closeness to the peer median -- 100 is sitting exactly at the median, falling the same way whether the bank runs above or below it.

Source: NCUA 5300 Call Report, as filed. Dollar figures derived from reported amounts in thousands. Ratios computed by CallReports.ai using published regulatory formulas.

CallReports · callreports.ai · Board PackageGenerated 2026-10-11

Marblehead Municipal

Marblehead, MA · Charter 23276

NCUA · 1 branch

Q2 2026

$13.5MAssets
$8.2MLoans
$11.4MShares
$2.1MNet Worth

Executive Summary

  • Earnings: ROA of 0.59%, unchanged from a year ago; NIM at 2.76%.
  • Asset quality: problem loans at 0.61% of loans (+37 bps YoY).
  • Capital: net worth / assets of 15.44%, down 92 bps from a year ago.
  • Funding: loans stand at 71.53% of shares as of Q2 2026.

Return on Assets (YTD, annualized)

0.59%0 bps YoY

Net Interest Margin (YTD, annualized)

2.76%-19 bps YoY

Efficiency Ratio (YTD, annualized)

77.98%-122 bps YoY

Net Worth / Assets

15.44%-92 bps YoY

Year to date, annualized, through each quarter.

MetricQ3 2024Q4 2024Q1 2025Q2 2025Q3 2025Q4 2025Q1 2026Q2 2026YoY ΔTrend
Earnings
Return on Assets0.68%0.64%0.69%0.59%0.62%0.62%0.69%0.59%0 bps
Return on Equity4.16%3.84%4.18%3.59%3.73%3.77%4.31%3.81%+22 bps
Net Interest Margin2.89%2.96%2.94%2.96%3.05%2.98%2.96%2.76%-19 bps
Efficiency Ratio78.53%78.91%79.41%79.20%79.01%79.58%73.99%77.98%-122 bps
Growth
Asset Growth (YoY)10.24%6.47%4.01%2.96%1.25%5.53%6.83%9.92%+695 bps
Loan Growth (YoY)2.00%0.32%6.66%8.37%7.71%2.33%-1.45%-7.49%-1,586 bps
Share Growth (YoY)11.38%6.89%3.95%2.98%0.88%5.87%7.44%11.16%+817 bps
Asset Quality
Delinquent Loans / Loans0.17%0.41%0.21%0.24%1.10%0.89%0.45%0.61%+37 bps
Net Charge-Offs / Loansn/an/an/an/an/an/an/an/an/an/a
Allowance / Loans0.00%0.00%0.00%0.00%0.00%0.00%0.00%0.00%0 bps
Capital
Risk-Based Capital16.32%16.67%16.55%16.36%16.66%16.36%16.05%15.44%-92 bps
Net Worth / Assets16.32%16.67%16.55%16.36%16.66%16.36%16.05%15.44%-92 bps
Liquidity & Funding
Loans / Shares82.92%84.80%83.94%85.95%88.54%81.97%76.99%71.53%-1,442 bps
Liquid Assets / Assets0.00%0.00%0.00%0.00%0.00%0.00%0.00%0.00%0 bps

Source: NCUA 5300 Call Report, as filed. Dollar figures derived from reported amounts in thousands. Ratios computed by CallReports.ai using published regulatory formulas. Income-statement figures are year-to-date as filed, annualized (the UBPR convention). Each quarter includes the ones before it.

CallReports · callreports.ai· Performance TrendsGenerated 2026-10-11

Marblehead Municipal

Marblehead, MA · Charter 23276 · Peer group: credit unions under $1B in assets in the Boston-Cambridge-Newton, MA-NH area (n=66)

NCUA · 1 branch

Q2 2026

$13.5MAssets
$8.2MLoans
$11.4MShares
$2.1MNet Worth

Executive Summary

  • Strongest standing: tier 1 capital ratio outperforms 59% of credit unions under $1B in assets in the Boston-Cambridge-Newton, MA-NH area (rank 27 of 66).
  • Widest gap: net interest margin trails 83% of credit unions under $1B in assets in the Boston-Cambridge-Newton, MA-NH area (rank 55 of 66).
  • Overall: at or above the peer median on 4 of 7 directional measures.

Return on Assets

0.59%

Rank 33 of 66

Net Interest Margin

2.75%

Rank 55 of 66

Efficiency Ratio

78.49%

Rank 31 of 66

Equity / Assets

15.44%

Rank 27 of 66

MetricYour Credit UnionPeer 25thPeer MedianPeer 75thStandingRank8-Qtr TrendPeer Position
Earnings
Return on Assets0.59%0.38%0.59%1.00%Beats 50%33 / 66
Return on Equity3.84%2.62%4.89%6.39%Beats 41%39 / 66
Net Interest Margin2.75%2.83%3.27%3.84%Beats 17%55 / 66
Efficiency Ratio78.49%68.43%80.15%87.18%Beats 55%31 / 66
Asset Quality
Nonperforming Loans / Loans0.61%0.08%0.48%1.18%Beats 45%37 / 66
Net Charge-Offs / Loansn/aNot reported for this institution
Capital
Tier 1 Capital Ratio15.44%9.84%13.79%17.21%Beats 59%27 / 66
Total Risk-Based Capital Ration/aNot reported for this institution
Equity / Assets15.44%9.84%13.79%17.21%Beats 59%27 / 66
Liquidity & Funding
Loans / Deposits71.54%50.73%71.54%81.61%50th pctl33 / 66
Loans / Assets60.38%40.53%57.05%68.92%56th pctl29 / 66
Brokered Deposits / Depositsn/aNot reported for this institution