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Mutualone Bank

Framingham, MA · Cert 26395

SI · FDIC · 3 branches

Q2 2026

Board Package

Performance Trends and Peer Comparison

Part 1Performance Trends, own institution only2
Part 2Peer Comparison, banks $1B-$10B 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

Banks $1B-$10B in assets in the Boston-Cambridge-Newton, MA-NH area (n=27). 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

91

Q2 2024Q2 2026peer median (50)

Asset Quality

4

Q2 2024Q2 2026peer median (50)

Profitability

46

Q2 2024Q2 2026peer median (50)

Liquidity

70

Q2 2024Q2 2026peer median

Efficiency

44

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

Mutualone Bank

Framingham, MA · Cert 26395

SI · FDIC · 3 branches

Q2 2026

$1.2BAssets
$889.8MLoans
$924.5MDeposits
$257.2MEquity
Loan mix
81%RE $644.9M16%C&I $131.3M3%Consumer $22.6MQ2 2025Q2 2026
Deposit mix
88%Interest-bearing $809.9M12%Noninterest $114.6MQ2 2025Q2 2026

NIM

6.49%Q2 ’245.78%Q2 ’255.47%Q2 ’26-12%-5%

Non-interest income vs. expense

1.82%Q2 ’242.11%Q2 ’252.34%Q2 ’26+18%+11%

Market Position · Boston-Cambridge-Newton, MA-NH · 2026 SOD (annual) · 0.2% share · #34 of 100 inst. · $0.9B of $580.3B

Executive Summary

  • Earnings: ROA of 0.88%, up 262 bps year over year; NIM at 3.17%.
  • Asset quality: problem loans at 5.92% of loans (-375 bps YoY), with net charge-offs at 2.51%.
  • Capital: tier 1 leverage ratio of 21.09%, up 104 bps from a year ago.
  • Funding: loans stand at 96.25% of deposits as of Q2 2026.

Financial Results

Return on Assets (YTD, annualized)

0.88%+262 bps YoY

Net Interest Margin (YTD, annualized)

3.17%-18 bps YoY

Efficiency Ratio (YTD, annualized)

71.49%+1,013 bps YoY

Tier 1 Leverage Ratio

21.09%+104 bps YoY

Year to date, annualized, through each quarter.

MetricQ2 2025Q3 2025Q4 2025Q1 2026Q2 2026YoY ΔTrend
Earnings
Return on Assets-1.74%-0.81%-0.32%0.26%10.88%+262 bps
Return on Equity-8.60%-4.00%-1.57%1.32%4.32%+1,292 bps
Net Interest Margin3.35%3.48%3.36%3.15%3.17%-18 bps
Efficiency Ratio61.36%62.39%64.33%77.46%71.49%+1,013 bps
Non-Interest Burden2.02%2.14%2.12%2.42%2.24%+22 bps
Growth
Asset Growth (YoY)-3.66%-2.91%-0.60%0.90%0.03%+369 bps
Loan Growth (YoY)-2.14%-5.55%-11.97%-15.88%-17.28%-1,514 bps
Deposit Growth (YoY)-4.32%-0.96%7.61%8.29%8.29%+1,260 bps
Asset Quality
Nonperforming Loans / Loans9.67%8.43%8.35%6.47%5.92%-375 bps
Net Charge-Offs / Loans0.38%1.47%1.08%5.01%2.51%+213 bps
Allowance / Loans4.08%3.36%3.64%2.78%2.97%-111 bps
Allowance Coverage of NPLs0.4x0.4x0.4x0.4x0.5x+0.1x
Capital
Tier 1 Leverage Ratio20.04%21.01%20.80%20.58%21.09%+104 bps
Total Risk-Based Capital20.04%21.01%20.80%20.58%21.09%+104 bps
Equity / Assets20.05%20.41%20.12%20.10%21.12%+107 bps
Liquidity & Funding
Loans / Deposits126.00%119.57%104.44%95.53%96.25%-2,975 bps
Liquid Assets / Assets2.96%4.54%12.08%15.89%16.75%+1,379 bps
CRE / Total Capitaln/a211%200%186.78%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. 1 One-time gains made up most of net income in the marked periods.

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

Mutualone Bank

Framingham, MA · Cert 26395 · Peer group: banks $1B-$10B in assets in the Boston-Cambridge-Newton, MA-NH area (n=27)

SI · FDIC · 3 branches

Q2 2026

$1.2BAssets
$889.8MLoans
$924.5MDeposits
$257.2MEquity

Executive Summary

  • Strongest standing: equity / assets outperforms 96% of banks $1B-$10B in assets in the Boston-Cambridge-Newton, MA-NH area (rank 1 of 27).
  • Widest gap: net charge-offs / loans trails 96% of banks $1B-$10B in assets in the Boston-Cambridge-Newton, MA-NH area (rank 27 of 27).
  • Overall: at or above the peer median on 5 of 9 directional measures.

Return on Assets

0.90%

Rank 11 of 27

Net Interest Margin

3.17%

Rank 9 of 27

Efficiency Ratio

71.49%

Rank 16 of 27

Equity / Assets

21.12%

Rank 1 of 27

Non-interest income vs. expense

$1.2M$29.1MINCOMEEXPENSE
Unfavorable gap of $27.9M · efficiency ratio beats 44% of banks $1B-$10B in assets in the Boston-Cambridge-Newton, MA-NH area
Bank 71.49%Peer median 68.2%Q3 2024Q2 2026Shaded: peer 25th to 75th percentile
MetricYour BankPeer 25thPeer MedianPeer 75thStandingRankPeer Position
Earnings
Return on Assets0.90%0.48%0.78%0.99%Beats 59%11 / 27
Return on Equity4.27%5.50%7.06%8.20%Beats 11%24 / 27
Net Interest Margin3.17%2.49%2.70%3.34%Beats 67%9 / 27
Efficiency Ratio71.49%59.27%68.19%75.85%Beats 44%16 / 27
Asset Quality
Nonperforming Loans / Loans5.92%0.20%0.58%1.15%Beats 4%27 / 27
Net Charge-Offs / Loans1.31%0.00%0.01%0.05%Beats 4%27 / 27
Capital
Tier 1 Capital Ratio21.09%13.21%14.69%16.81%Beats 89%3 / 27
Total Risk-Based Capital Ratio21.09%13.71%15.43%18.07%Beats 89%3 / 27
Equity / Assets21.12%9.62%11.14%13.14%Beats 96%1 / 27
Liquidity & Funding
Loans / Deposits96.25%91.42%101.19%107.11%37th pctl17 / 27
Loans / Assets73.07%75.31%80.56%83.39%15th pctl23 / 27
Brokered Deposits / Depositsn/aNot reported for this institution