Leominster, MA · Cert 26451 · Mutual Bcorp
SI · FDIC · 1 affiliate bank · 13 branches (36 in holding)
Q2 2026
Market Position · Worcester, MA · 2026 SOD (annual) · 4.2% share · #10 of 26 inst. · $0.9B of $22.5B
Return on Assets (YTD, annualized)
Net Interest Margin (YTD, annualized)
Efficiency Ratio (YTD, annualized)
Tier 1 Leverage Ratio
Year to date, annualized, through each quarter.
| Metric | Q3 2024 | Q4 2024 | Q1 2025 | Q2 2025 | Q3 2025 | Q4 2025 | Q1 2026 | Q2 2026 | YoY Δ | Trend |
|---|---|---|---|---|---|---|---|---|---|---|
| Earnings | ||||||||||
| Return on Assets | 0.42% | 0.52% | 0.86% | 0.87% | -0.28% | -0.51% | 0.79% | 0.80% | -6 bps | |
| Return on Equity | 4.20% | 4.98% | 7.64% | 7.72% | -2.50% | -4.47% | 6.64% | 6.70% | -101 bps | |
| Net Interest Margin | 2.63% | 2.96% | 3.76% | 3.72% | 3.81% | 4.10% | 3.91% | 4.00% | +28 bps | |
| Efficiency Ratio | 58.40% | 62.83% | 66.10% | 66.11% | 64.22% | 63.98% | 67.81% | 68.63% | +252 bps | |
| Non-Interest Burden | 1.53% | 1.87% | 2.49% | 2.46% | 2.42% | 2.58% | 2.71% | 2.82% | +35 bps | |
| Growth | ||||||||||
| Asset Growth (YoY) | 6.54% | 2.67% | 8.14% | 2.34% | -10.85% | -11.07% | -14.76% | -17.06% | -1,940 bps | |
| Loan Growth (YoY) | -4.84% | -2.40% | -1.58% | 4.39% | 1.78% | -2.40% | -7.34% | -11.31% | -1,570 bps | |
| Deposit Growth (YoY) | 8.27% | 3.97% | 2.21% | 1.85% | -11.18% | -14.64% | -16.71% | -18.97% | -2,082 bps | |
| Asset Quality | ||||||||||
| Nonperforming Loans / Loans | 0.84% | 0.83% | 0.83% | 0.85% | 2.30% | 4.92% | 4.61% | 4.44% | +359 bps | |
| Net Charge-Offs / Loans | 0.00% | 0.00% | 0.00% | 0.00% | 1.66% | 1.29% | 3.59% | 1.88% | +188 bps | |
| Allowance / Loans | 0.73% | 0.71% | 0.71% | 0.74% | 1.44% | 2.46% | 1.69% | 1.79% | +105 bps | |
| Allowance Coverage of NPLs | 0.9x | 0.9x | 0.9x | 0.9x | 0.6x | 0.5x | 0.4x | 0.4x | -0.5x | |
| Capital | ||||||||||
| Tier 1 Leverage Ratio | 9.29% | 9.16% | 9.07% | 9.09% | 8.56% | 8.94% | 9.44% | 9.86% | +77 bps | |
| Total Risk-Based Capital | 9.29% | 9.16% | 9.07% | 9.09% | 8.56% | 8.94% | 9.44% | 9.86% | +77 bps | |
| Equity / Assets | 11.30% | 11.26% | 11.18% | 11.29% | 11.52% | 11.68% | 11.99% | 12.36% | +107 bps | |
| Liquidity & Funding | ||||||||||
| Loans / Deposits | 75.00% | 79.17% | 80.93% | 78.83% | 85.94% | 90.52% | 90.04% | 86.27% | +745 bps | |
| Liquid Assets / Assets | 9.33% | 5.14% | 4.83% | 4.17% | 3.23% | 2.02% | 1.66% | 2.28% | -190 bps | |
| CRE / Total Capital | n/a | n/a | n/a | n/a | 371% | 374% | 349% | n/a | n/a | |