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Fidelity Co-operative Bank

Leominster, MA · Cert 26451 · Mutual Bcorp

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

31

Q2 2024Q2 2026peer median (50)

Asset Quality

2

Q2 2024Q2 2026peer median (50)

Profitability

38

Q2 2024Q2 2026peer median (50)

Liquidity

100

Q2 2024Q2 2026peer median

Efficiency

16

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

Fidelity Co-operative Bank

Leominster, MA · Cert 26451 · Mutual Bcorp

SI · FDIC · 1 affiliate bank · 13 branches (36 in holding)

Q2 2026

$1.3BAssets
$962.5MLoans
$1.1BDeposits
$161.9MEquity
Loan mix
81%RE $809.8M18%C&I $175.8M2%Consumer $17.4MQ2 2025Q2 2026
Deposit mix
78%Interest-bearing $866.7M22%Noninterest $249.0MQ2 2025Q2 2026

NIM

3.34%Q2 ’245.85%Q2 ’255.61%Q2 ’26+78%+8%

Non-interest income vs. expense

1.45%Q2 ’242.92%Q2 ’253.18%Q2 ’26+110%+14%

Market Position · Worcester, MA · 2026 SOD (annual) · 4.2% share · #10 of 26 inst. · $0.9B of $22.5B

4.2% Worcester
0.1% Middlesex
0.1% Norfolk

Executive Summary

  • Earnings: ROA of 0.80%, down 6 bps year over year; NIM at 4.00%.
  • Asset quality: problem loans at 4.44% of loans (+359 bps YoY), with net charge-offs at 1.88%.
  • Capital: tier 1 leverage ratio of 9.86%, up 77 bps from a year ago.
  • Funding: loans stand at 86.27% of deposits as of Q2 2026.

Financial Results

Return on Assets (YTD, annualized)

0.80%-6 bps YoY

Net Interest Margin (YTD, annualized)

4.00%+28 bps YoY

Efficiency Ratio (YTD, annualized)

68.63%+252 bps YoY

Tier 1 Leverage Ratio

9.86%+77 bps YoY

Year to date, annualized, through each quarter.

MetricQ2 2025Q3 2025Q4 2025Q1 2026Q2 2026YoY ΔTrend
Earnings
Return on Assets0.87%-0.28%-0.51%0.79%0.80%-6 bps
Return on Equity7.72%-2.50%-4.47%6.64%6.70%-101 bps
Net Interest Margin3.72%3.81%4.10%3.91%4.00%+28 bps
Efficiency Ratio66.11%64.22%63.98%67.81%68.63%+252 bps
Non-Interest Burden2.46%2.42%2.58%2.71%2.82%+35 bps
Growth
Asset Growth (YoY)2.34%-10.85%-11.07%-14.76%-17.06%-1,940 bps
Loan Growth (YoY)4.39%1.78%-2.40%-7.34%-11.31%-1,570 bps
Deposit Growth (YoY)1.85%-11.18%-14.64%-16.71%-18.97%-2,082 bps
Asset Quality
Nonperforming Loans / Loans0.85%2.30%4.92%4.61%4.44%+359 bps
Net Charge-Offs / Loans0.00%1.66%1.29%3.59%1.88%+188 bps
Allowance / Loans0.74%1.44%2.46%1.69%1.79%+105 bps
Allowance Coverage of NPLs0.9x0.6x0.5x0.4x0.4x-0.5x
Capital
Tier 1 Leverage Ratio9.09%8.56%8.94%9.44%9.86%+77 bps
Total Risk-Based Capital9.09%8.56%8.94%9.44%9.86%+77 bps
Equity / Assets11.29%11.52%11.68%11.99%12.36%+107 bps
Liquidity & Funding
Loans / Deposits78.83%85.94%90.52%90.04%86.27%+745 bps
Liquid Assets / Assets4.17%3.23%2.02%1.66%2.28%-190 bps
CRE / Total Capitaln/a371%374%349%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

Fidelity Co-operative Bank

Leominster, MA · Cert 26451 · Peer group: banks $1B-$10B in assets operating in a single state (n=257-258) · Mutual Bcorp

SI · FDIC · 1 affiliate bank · 13 branches (36 in holding)

Q2 2026

$1.3BAssets
$962.5MLoans
$1.1BDeposits
$161.9MEquity

Executive Summary

  • Strongest standing: net interest margin outperforms 81% of banks $1B-$10B in assets operating in a single state (rank 49 of 258).
  • Widest gap: nonperforming loans / loans trails 99% of banks $1B-$10B in assets operating in a single state (rank 257 of 258).
  • Overall: at or above the peer median on 2 of 9 directional measures.

Return on Assets

0.83%

Rank 209 of 258

Net Interest Margin

4.00%

Rank 49 of 258

Efficiency Ratio

74.74%

Rank 218 of 257

Equity / Assets

12.36%

Rank 50 of 258

Non-interest income vs. expense

$4.8M$41.9MINCOMEEXPENSE
Unfavorable gap of $37.1M · efficiency ratio beats 16% of banks $1B-$10B in assets operating in a single state
Bank 74.74%Peer median 60.3%Q2 2024Q2 2026Shaded: peer 25th to 75th percentile
MetricYour BankPeer 25thPeer MedianPeer 75thStandingRankPeer Position
Earnings
Return on Assets0.83%0.93%1.23%1.54%Beats 19%209 / 258
Return on Equity6.68%9.26%11.84%14.74%Beats 13%225 / 258
Net Interest Margin4.00%3.16%3.49%3.88%Beats 81%49 / 258
Efficiency Ratio74.74%51.71%60.30%69.65%Beats 16%218 / 257
Asset Quality
Nonperforming Loans / Loans4.44%0.19%0.46%0.90%Beats 1%257 / 258
Net Charge-Offs / Loans0.94%0.01%0.02%0.07%Beats 3%252 / 258
Capital
Tier 1 Capital Ratio9.86%11.41%12.98%15.12%Beats 6%242 / 258
Total Risk-Based Capital Ratio9.86%12.10%13.91%16.08%Beats 6%242 / 258
Equity / Assets12.36%9.09%10.24%11.72%Beats 81%50 / 258
Liquidity & Funding
Loans / Deposits86.27%73.24%86.34%95.95%49th pctl131 / 258
Loans / Assets73.47%63.01%72.27%78.40%54th pctl118 / 258
Brokered Deposits / Depositsn/aNot reported for this institution