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Florence Bank

Florence, MA · Cert 23293 · Florence Bcorp MHC

SI · FDIC · 13 branches

Q2 2026

Board Package

Performance Trends and Peer Comparison

Part 1Performance Trends, own institution only2
Part 2Peer Comparison, banks $1B-$10B in assets operating in a single state3

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

Banks $1B-$10B in assets operating in a single state (n=257 to 258). 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

41

Q2 2024Q2 2026peer median (50)

Asset Quality

65

Q2 2024Q2 2026peer median (50)

Profitability

11

Q2 2024Q2 2026peer median (50)

Liquidity

33

Q2 2024Q2 2026peer median

Efficiency

28

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: FFIEC Call Report (031/041/051), 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

Florence Bank

Florence, MA · Cert 23293 · Florence Bcorp MHC

SI · FDIC · 13 branches

Q2 2026

$2.0BAssets
$1.3BLoans
$1.8BDeposits
$216.4MEquity
Loan mix
97%RE $1.2B3%C&I $0.0B0%Consumer $0.0BQ3 2024Q2 2026
Deposit mix
75%Interest-bearing $1.3B25%Noninterest $0.4BQ3 2024Q2 2026

Market Position · Amherst Town-Northampton, MA · 2026 SOD (annual) · 25.3% share · #1 of 15 inst. · $1.7B of $6.6B

25.3% Hampshire
0.9% Hampden

Executive Summary

  • Earnings: ROA of 0.72%, up 8 bps year over year; NIM at 2.65%.
  • Asset quality: problem loans at 0.46% of loans (+25 bps YoY), with net charge-offs at 0.01%.
  • Capital: tier 1 leverage ratio of 12.23%, up 24 bps from a year ago.
  • Funding: loans stand at 71.48% of deposits as of Q2 2026.

Return on Assets (YTD, annualized)

0.72%+8 bps YoY

Net Interest Margin (YTD, annualized)

2.65%+17 bps YoY

Efficiency Ratio (YTD, annualized)

68.27%-231 bps YoY

Tier 1 Leverage Ratio

12.23%+24 bps YoY

NIM

3.62%Q2 ’243.72%Q2 ’253.83%Q2 ’26+20%+7%

Non-interest income vs. expense

1.73%Q2 ’242.03%Q2 ’252.06%Q2 ’26+18%+3%

Year to date, annualized, through each quarter.

MetricQ3 2024Q4 2024Q1 2025Q2 2025Q3 2025Q4 2025Q1 2026Q2 2026YoY ΔTrend
Earnings
Return on Assets0.57%0.53%0.54%0.64%0.66%0.62%0.66%0.72%+8 bps
Return on Equity6.57%6.07%5.62%6.52%6.60%6.14%6.28%6.83%+31 bps
Net Interest Margin2.06%2.17%2.36%2.49%2.53%2.52%2.62%2.65%+17 bps
Efficiency Ratio71.14%73.12%74.29%70.58%68.95%70.43%70.52%68.27%-231 bps
Non-Interest Burden1.36%1.49%1.66%1.64%1.62%1.66%1.74%1.69%+5 bps
Growth
Asset Growth (YoY)13.27%2.70%-7.02%-8.43%-8.45%2.37%2.44%3.79%+1,222 bps
Loan Growth (YoY)4.14%4.72%3.22%2.76%4.09%4.37%5.42%6.63%+387 bps
Deposit Growth (YoY)-0.46%3.48%3.00%1.94%2.33%3.53%4.06%5.98%+404 bps
Asset Quality
Nonperforming Loans / Loans0.26%0.30%0.31%0.21%0.26%0.21%0.49%0.46%+25 bps
Net Charge-Offs / Loans0.01%0.01%0.01%0.01%0.01%0.01%0.01%0.01%0 bps
Allowance / Loans0.58%0.59%0.60%0.59%0.62%0.63%0.64%0.66%+7 bps
Allowance Coverage of NPLs2.3x2.0x1.9x2.8x2.4x3.0x1.3x1.5x-1.3x
Capital
Tier 1 Leverage Ratio10.54%11.14%11.69%12.00%12.14%12.10%12.22%12.23%+24 bps
Total Risk-Based Capital10.54%11.14%11.69%12.00%12.14%12.10%12.22%12.23%+24 bps
Equity / Assets8.92%9.36%9.86%10.27%10.53%10.40%10.54%10.74%+47 bps
Liquidity & Funding
Loans / Deposits70.89%70.19%69.58%71.04%72.11%70.76%70.49%71.48%+44 bps
Liquid Assets / Assets25.38%17.78%17.99%16.24%15.59%16.23%16.58%15.62%-62 bps
CRE / Total Capitaln/an/an/an/a179.99%187.35%188.57%n/an/a

Source: FFIEC Call Report (031/041/051), 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

Florence Bank

Florence, MA · Cert 23293 · Peer group: banks $1B-$10B in assets operating in a single state (n=257-258) · Florence Bcorp MHC

SI · FDIC · 13 branches

Q2 2026

$2.0BAssets
$1.3BLoans
$1.8BDeposits
$216.4MEquity

Executive Summary

  • Strongest standing: net charge-offs / loans outperforms 79% of banks $1B-$10B in assets operating in a single state (rank 54 of 258).
  • Widest gap: net interest margin trails 92% of banks $1B-$10B in assets operating in a single state (rank 237 of 258).
  • Overall: at or above the peer median on 3 of 9 directional measures.

Return on Assets

0.72%

Rank 225 of 258

Net Interest Margin

2.65%

Rank 237 of 258

Efficiency Ratio

68.27%

Rank 185 of 257

Equity / Assets

10.74%

Rank 111 of 258

Non-interest income vs. expense

$7.6M$42.0MINCOMEEXPENSE
Unfavorable gap of $34.4M · efficiency ratio beats 28% of banks $1B-$10B in assets operating in a single state
Bank 68.27%Peer median 60.3%Q2 2024Q2 2026Shaded: peer 25th to 75th percentile
MetricYour BankPeer 25thPeer MedianPeer 75thStandingRank8-Qtr TrendPeer Position
Earnings
Return on Assets0.72%0.93%1.23%1.54%Beats 13%225 / 258
Return on Equity6.71%9.26%11.84%14.74%Beats 13%224 / 258
Net Interest Margin2.65%3.16%3.49%3.88%Beats 8%237 / 258
Efficiency Ratio68.27%51.71%60.30%69.65%Beats 28%185 / 257
Asset Quality
Nonperforming Loans / Loans0.46%0.19%0.46%0.90%Beats 50%131 / 258
Net Charge-Offs / Loans0.01%0.01%0.02%0.07%Beats 79%54 / 258
Capital
Tier 1 Capital Ratio12.23%11.41%12.98%15.12%Beats 37%162 / 258
Total Risk-Based Capital Ratio12.23%12.10%13.91%16.08%Beats 28%185 / 258
Equity / Assets10.74%9.09%10.24%11.72%Beats 57%111 / 258
Liquidity & Funding
Loans / Deposits71.48%73.24%86.34%95.95%21st pctl205 / 258
Loans / Assets63.35%63.01%72.27%78.40%26th pctl191 / 258
Brokered Deposits / Depositsn/aNot reported for this institution