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Needham Bank

Needham, MA · Cert 26483 · NB Bcorp Inc.

State charter, Fed member · FED · 21 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

20

Q2 2024Q2 2026peer median (50)

Asset Quality

32

Q2 2024Q2 2026peer median (50)

Profitability

79

Q2 2024Q2 2026peer median (50)

Liquidity

90

Q2 2024Q2 2026peer median

Efficiency

78

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

Needham Bank

Needham, MA · Cert 26483 · NB Bcorp Inc.

State charter, Fed member · FED · 21 branches

Q2 2026

$7.4BAssets
$6.5BLoans
$6.3BDeposits
$810.6MEquity
Loan mix
77%RE $4.6B18%C&I $1.1B5%Consumer $0.3BQ3 2024Q2 2026
Deposit mix
85%Interest-bearing $5.4B15%Noninterest $1.0BQ3 2024Q2 2026

Market Position · Boston-Cambridge-Newton, MA-NH · 2026 SOD (annual) · 1.1% share · #9 of 100 inst. · $6.2B of $580.3B

9.5% Norfolk
1.1% Middlesex
0.9% Essex
1.8% Rockingham

Executive Summary

  • Earnings: ROA of 1.01%, up 3 bps year over year; NIM at 3.66%.
  • Asset quality: problem loans at 0.43% of loans (+15 bps YoY), with net charge-offs at 0.45%.
  • Capital: tier 1 leverage ratio of 10.89%, down 172 bps from a year ago.
  • Funding: loans stand at 102.56% of deposits as of Q2 2026.

Return on Assets (YTD, annualized)

1.01%+3 bps YoY

Net Interest Margin (YTD, annualized)

3.66%+26 bps YoY

Efficiency Ratio (YTD, annualized)

58.00%-221 bps YoY

Tier 1 Leverage Ratio

10.89%-172 bps YoY

NIM

5.94%Q2 ’246.07%Q2 ’256.01%Q2 ’26+5%+8%

Non-interest income vs. expense

2.23%Q2 ’242.24%Q2 ’252.32%Q2 ’26-3%+6%

Year to date, annualized, through each quarter.

MetricQ3 2024Q4 2024Q1 2025Q2 2025Q3 2025Q4 2025Q1 2026Q2 2026YoY ΔTrend
Earnings
Return on Assets0.67%0.73%0.87%0.98%1.02%0.90%0.82%1.01%+3 bps
Return on Equity5.23%5.82%7.17%8.04%8.41%7.53%7.33%9.14%+110 bps
Net Interest Margin3.17%3.06%3.28%3.40%3.40%2.79%3.69%3.66%+26 bps
Efficiency Ratio62.06%62.24%63.36%60.22%59.62%63.45%60.49%58.00%-221 bps
Non-Interest Burden1.87%1.80%1.97%1.92%1.91%1.68%2.17%2.04%+12 bps
Growth
Asset Growth (YoY)14.57%14.04%13.79%9.99%10.51%38.37%39.89%44.68%+3,468 bps
Loan Growth (YoY)14.37%11.41%12.88%10.81%10.97%39.66%40.51%42.76%+3,195 bps
Deposit Growth (YoY)17.63%21.59%14.65%9.03%12.95%40.09%40.89%47.77%+3,874 bps
Asset Quality
Nonperforming Loans / Loans0.38%0.32%0.25%0.27%0.24%0.72%0.91%0.43%+15 bps
Net Charge-Offs / Loans0.25%0.19%0.12%0.06%0.05%0.10%0.87%0.45%+39 bps
Allowance / Loans0.89%0.89%0.86%0.94%0.91%1.44%1.28%1.27%+33 bps
Allowance Coverage of NPLs2.3x2.8x3.4x3.4x3.8x2.0x1.4x3.0x-0.4x
Capital
Tier 1 Leverage Ratio12.63%12.51%12.47%12.61%12.59%10.90%11.04%10.89%-172 bps
Total Risk-Based Capital13.89%14.11%13.79%14.10%13.94%12.37%12.25%12.31%-179 bps
Equity / Assets12.25%12.12%12.08%12.36%12.16%11.25%11.03%10.93%-143 bps
Liquidity & Funding
Loans / Deposits104.98%103.61%103.08%106.16%103.15%103.29%102.80%102.56%-360 bps
Liquid Assets / Assets1.86%3.11%2.78%1.77%2.97%3.96%3.92%4.19%+243 bps
CRE / Total Capitaln/an/an/an/a388%425%427%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

Needham Bank

Needham, MA · Cert 26483 · Peer group: banks $1B-$10B in assets in the Boston-Cambridge-Newton, MA-NH area (n=27) · NB Bcorp Inc.

State charter, Fed member · FED · 21 branches

Q2 2026

$7.4BAssets
$6.5BLoans
$6.3BDeposits
$810.6MEquity

Executive Summary

  • Strongest standing: return on equity outperforms 85% of banks $1B-$10B in assets in the Boston-Cambridge-Newton, MA-NH area (rank 4 of 27).
  • Widest gap: tier 1 capital ratio trails 93% of banks $1B-$10B in assets in the Boston-Cambridge-Newton, MA-NH area (rank 25 of 27).
  • Overall: at or above the peer median on 5 of 9 directional measures.

Return on Assets

0.98%

Rank 9 of 27

Net Interest Margin

3.66%

Rank 4 of 27

Efficiency Ratio

59.27%

Rank 7 of 27

Equity / Assets

10.93%

Rank 16 of 27

Non-interest income vs. expense

$20.1M$167.4MINCOMEEXPENSE
Unfavorable gap of $147.3M · efficiency ratio beats 78% of banks $1B-$10B in assets in the Boston-Cambridge-Newton, MA-NH area
Bank 59.27%Peer median 68.2%Q3 2024Q2 2026Shaded: peer 25th to 75th percentile
MetricYour BankPeer 25thPeer MedianPeer 75thStandingRank8-Qtr TrendPeer Position
Earnings
Return on Assets0.98%0.48%0.78%0.99%Beats 67%9 / 27
Return on Equity8.95%5.50%7.06%8.20%Beats 85%4 / 27
Net Interest Margin3.66%2.49%2.70%3.34%Beats 85%4 / 27
Efficiency Ratio59.27%59.27%68.19%75.85%Beats 78%7 / 27
Asset Quality
Nonperforming Loans / Loans0.43%0.20%0.58%1.15%Beats 56%13 / 27
Net Charge-Offs / Loans0.25%0.00%0.01%0.05%Beats 7%26 / 27
Capital
Tier 1 Capital Ratio11.50%13.21%14.69%16.81%Beats 7%25 / 27
Total Risk-Based Capital Ratio12.31%13.71%15.43%18.07%Beats 11%24 / 27
Equity / Assets10.93%9.62%11.14%13.14%Beats 41%16 / 27
Liquidity & Funding
Loans / Deposits102.56%91.42%101.19%107.11%56th pctl12 / 27
Loans / Assets87.40%75.31%80.56%83.39%96th pctl1 / 27
Brokered Deposits / Depositsn/aNot reported for this institution