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Millbury National Bank

Millbury, MA · Cert 2616

National charter · OCC · 1 branch

Q2 2026

Board Package

Performance Trends and Peer Comparison

Part 1Performance Trends, own institution only2
Part 2Peer Comparison, banks under $1B 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 under $1B in assets operating in a single state (n=743 to 746). 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

39

Q2 2024Q2 2026peer median (50)

Asset Quality

51

Q2 2024Q2 2026peer median (50)

Profitability

55

Q2 2024Q2 2026peer median (50)

Liquidity

42

Q2 2024Q2 2026peer median

Efficiency

37

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

Millbury National Bank

Millbury, MA · Cert 2616

National charter · OCC · 1 branch

Q2 2026

$146.5MAssets
$112.3MLoans
$123.4MDeposits
$13.4MEquity
Loan mix
96%RE $104.9M3%C&I $3.6M1%Consumer $1.0MQ2 2025Q2 2026
Deposit mix
81%Interest-bearing $99.6M19%Noninterest $23.8MQ2 2025Q2 2026

NIM

6.18%Q2 ’246.82%Q2 ’256.98%Q2 ’26+20%+11%

Non-interest income vs. expense

3.33%Q2 ’243.60%Q2 ’253.41%Q2 ’26+9%-5%

Market Position · Worcester, MA · 2026 SOD (annual) · 0.5% share · #25 of 26 inst. · $0.1B of $22.5B

Executive Summary

  • Earnings: ROA of 0.85%, up 32 bps year over year; NIM at 4.77%.
  • Asset quality: problem loans at 0.44% of loans (-174 bps YoY), with net charge-offs at 0.02%.
  • Capital: tier 1 leverage ratio of 9.51%, up 26 bps from a year ago.
  • Funding: loans stand at 91.00% of deposits as of Q2 2026.

Financial Results

Return on Assets (YTD, annualized)

0.85%+32 bps YoY

Net Interest Margin (YTD, annualized)

4.77%+47 bps YoY

Efficiency Ratio (YTD, annualized)

70.17%-1,143 bps YoY

Tier 1 Leverage Ratio

9.51%+26 bps YoY

Year to date, annualized, through each quarter.

MetricQ2 2025Q3 2025Q4 2025Q1 2026Q2 2026YoY ΔTrend
Earnings
Return on Assets0.53%0.60%0.70%0.90%0.85%+32 bps
Return on Equity6.06%6.83%7.88%9.64%9.17%+311 bps
Net Interest Margin4.29%4.32%4.31%4.69%4.77%+47 bps
Efficiency Ratio81.59%79.72%77.12%71.94%70.17%-1,143 bps
Non-Interest Burden3.48%3.42%3.30%3.34%3.32%-16 bps
Growth
Asset Growth (YoY)6.77%5.56%4.90%4.25%8.01%+124 bps
Loan Growth (YoY)2.35%7.16%8.57%9.98%14.43%+1,208 bps
Deposit Growth (YoY)8.30%7.56%6.03%5.60%8.35%+5 bps
Asset Quality
Nonperforming Loans / Loans2.18%1.78%2.60%1.98%0.44%-174 bps
Net Charge-Offs / Loans0.01%0.01%0.01%0.03%0.02%+1 bps
Allowance / Loans0.61%0.58%0.57%0.55%0.53%-8 bps
Allowance Coverage of NPLs0.3x0.3x0.2x0.3x1.2x+0.9x
Capital
Tier 1 Leverage Ratio9.24%9.27%9.22%9.46%9.51%+26 bps
Total Risk-Based Capital14.70%14.32%14.24%14.23%13.81%-89 bps
Equity / Assets8.91%8.88%9.30%9.30%9.14%+24 bps
Liquidity & Funding
Loans / Deposits86.16%93.43%95.75%92.14%91.00%+484 bps
Liquid Assets / Assets7.66%4.62%4.67%5.09%5.44%-222 bps
CRE / Total Capitaln/a292%310%320%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

Millbury National Bank

Millbury, MA · Cert 2616 · Peer group: banks under $1B in assets operating in a single state (n=743-746)

National charter · OCC · 1 branch

Q2 2026

$146.5MAssets
$112.3MLoans
$123.4MDeposits
$13.4MEquity

Executive Summary

  • Strongest standing: net interest margin outperforms 93% of banks under $1B in assets operating in a single state (rank 51 of 746).
  • Widest gap: equity / assets trails 72% of banks under $1B in assets operating in a single state (rank 536 of 746).
  • Overall: at or above the peer median on 2 of 9 directional measures.

Return on Assets

0.82%

Rank 506 of 746

Net Interest Margin

4.77%

Rank 51 of 746

Efficiency Ratio

70.17%

Rank 473 of 746

Equity / Assets

9.14%

Rank 536 of 746

Non-interest income vs. expense

$0.1M$4.8MINCOMEEXPENSE
Unfavorable gap of $4.7M · efficiency ratio beats 37% of banks under $1B in assets operating in a single state
Bank 70.17%Peer median 64.6%Q3 2024Q2 2026Shaded: peer 25th to 75th percentile
MetricYour BankPeer 25thPeer MedianPeer 75thStandingRankPeer Position
Earnings
Return on Assets0.82%0.72%1.06%1.45%Beats 32%506 / 746
Return on Equity9.00%6.74%10.51%13.63%Beats 40%446 / 746
Net Interest Margin4.77%3.17%3.68%4.16%Beats 93%51 / 746
Efficiency Ratio70.17%55.74%64.58%75.47%Beats 37%473 / 746
Asset Quality
Nonperforming Loans / Loans0.44%0.09%0.42%1.07%Beats 49%381 / 743
Net Charge-Offs / Loans0.01%0.00%0.01%0.05%Beats 52%358 / 743
Capital
Tier 1 Capital Ratio13.21%11.55%13.75%17.60%Beats 44%416 / 746
Total Risk-Based Capital Ratio13.81%11.71%14.33%18.43%Beats 45%413 / 746
Equity / Assets9.14%8.90%10.51%13.06%Beats 28%536 / 746
Liquidity & Funding
Loans / Deposits91.00%61.31%78.27%90.78%76th pctl182 / 746
Loans / Assets76.66%53.60%66.97%76.08%77th pctl172 / 746
Brokered Deposits / Depositsn/aNot reported for this institution