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Pittsfield Co-operative Bank

Pittsfield, MA · Cert 26393

SI · FDIC · 5 branches

Q2 2026

$451.5MAssets
$346.3MLoans
$327.7MDeposits
$55.6MEquity
Loan mix
89%RE $295.5M10%C&I $33.2M1%Consumer $3.1MQ2 2025Q2 2026
Deposit mix
77%Interest-bearing $253.9M23%Noninterest $73.9MQ2 2025Q2 2026

NIM

3.89%Q2 ’244.17%Q2 ’254.65%Q2 ’260%+12%

Non-interest income vs. expense

2.76%Q2 ’242.95%Q2 ’253.17%Q2 ’26+8%+1%

Market Position · Pittsfield, MA · 2026 SOD (annual) · 7.6% share · #6 of 9 inst. · $0.3B of $4.3B

Executive Summary

  • Earnings: ROA of 0.20%, up 11 bps year over year; NIM at 2.83%.
  • Asset quality: problem loans at 0.36% of loans (-12 bps YoY), with net charge-offs at 0.01%.
  • Capital: tier 1 leverage ratio of 13.41%, down 144 bps from a year ago.
  • Funding: loans stand at 105.66% of deposits as of Q2 2026.

Financial Results

Return on Assets (YTD, annualized)

0.20%+11 bps YoY

Net Interest Margin (YTD, annualized)

2.83%+30 bps YoY

Efficiency Ratio (YTD, annualized)

93.62%-805 bps YoY

Tier 1 Leverage Ratio

13.41%-144 bps YoY

Year to date, annualized, through each quarter.

MetricQ2 2025Q3 2025Q4 2025Q1 2026Q2 2026YoY ΔTrend
Earnings
Return on Assets0.09%-0.01%-0.31%0.13%0.20%+11 bps
Return on Equity0.71%-0.06%-2.31%1.00%1.59%+88 bps
Net Interest Margin2.54%2.54%2.62%2.87%2.83%+30 bps
Efficiency Ratio101.67%104.40%104.50%95.86%93.62%-805 bps
Non-Interest Burden2.58%2.67%2.76%2.74%2.62%+3 bps
Growth
Asset Growth (YoY)11.86%2.54%9.13%10.00%6.76%-509 bps
Loan Growth (YoY)7.50%12.35%17.72%19.97%19.68%+1,218 bps
Deposit Growth (YoY)9.50%3.85%4.57%7.96%4.38%-512 bps
Asset Quality
Nonperforming Loans / Loans0.48%0.49%0.35%0.34%0.36%-12 bps
Net Charge-Offs / Loans0.00%0.01%0.01%0.01%0.01%+1 bps
Allowance / Loans0.79%0.75%0.73%0.70%0.68%-11 bps
Allowance Coverage of NPLs1.6x1.5x2.1x2.0x1.9x+0.2x
Capital
Tier 1 Leverage Ratio14.85%14.58%14.11%13.71%13.41%-144 bps
Total Risk-Based Capital22.47%21.19%20.09%19.85%19.36%-311 bps
Equity / Assets13.01%13.41%12.81%12.43%12.32%-68 bps
Liquidity & Funding
Loans / Deposits92.16%98.20%102.39%103.05%105.66%+1,350 bps
Liquid Assets / Assets6.52%1.23%2.61%2.71%0.99%-553 bps
CRE / Total Capitaln/a100.66%115.91%126.47%n/an/a