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Trunorth Bank

Peabody, MA · Cert 26484 · Hometown Financial Group MHC

State charter, Fed member · FED · 29 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

70

Q2 2024Q2 2026peer median (50)

Asset Quality

36

Q2 2024Q2 2026peer median (50)

Profitability

74

Q2 2024Q2 2026peer median (50)

Liquidity

48

Q2 2024Q2 2026peer median

Efficiency

74

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

Trunorth Bank

Peabody, MA · Cert 26484 · Hometown Financial Group MHC

State charter, Fed member · FED · 2 affiliate banks · 29 branches (55 in holding)

Q2 2026

$3.3BAssets
$2.5BLoans
$2.7BDeposits
$489.5MEquity
Loan mix
94%RE $2.3B6%C&I $0.1B0%Consumer $0.0BQ2 2025Q2 2026
Deposit mix
78%Interest-bearing $2.1B22%Noninterest $0.6BQ2 2025Q2 2026

NIM

4.82%Q2 ’245.27%Q2 ’255.36%Q2 ’26+17%+7%

Non-interest income vs. expense

2.30%Q2 ’242.28%Q2 ’252.60%Q2 ’26-3%+16%

Market Position · Boston-Cambridge-Newton, MA-NH · 2026 SOD (annual) · 0.5% share · #18 of 100 inst. · $2.7B of $580.3B

4.4% Essex
2.0% Norfolk
1.1% Plymouth
0.5% Rockingham

Executive Summary

  • Earnings: ROA of 1.06%, down 17 bps year over year; NIM at 4.10%.
  • Asset quality: problem loans at 0.58% of loans (+1 bps YoY), with net charge-offs at 0.12%.
  • Capital: tier 1 leverage ratio of 11.46%, up 18 bps from a year ago.
  • Funding: loans stand at 92.65% of deposits as of Q2 2026.

Financial Results

Return on Assets (YTD, annualized)

1.06%-17 bps YoY

Net Interest Margin (YTD, annualized)

4.10%+28 bps YoY

Efficiency Ratio (YTD, annualized)

56.48%+382 bps YoY

Tier 1 Leverage Ratio

11.46%+18 bps YoY

Year to date, annualized, through each quarter.

MetricQ2 2025Q3 2025Q4 2025Q1 2026Q2 2026YoY ΔTrend
Earnings
Return on Assets1.23%1.28%1.31%1.27%1.06%-17 bps
Return on Equity8.40%8.67%8.87%8.56%7.15%-125 bps
Net Interest Margin3.83%3.90%3.74%4.16%4.10%+28 bps
Efficiency Ratio52.65%51.78%51.53%49.46%56.48%+382 bps
Non-Interest Burden1.96%1.96%1.84%2.00%2.27%+31 bps
Growth
Asset Growth (YoY)77.89%1.40%10.74%9.73%12.24%-6,565 bps
Loan Growth (YoY)73.90%-1.24%6.54%6.27%7.53%-6,637 bps
Deposit Growth (YoY)69.83%2.41%11.73%9.94%12.56%-5,727 bps
Asset Quality
Nonperforming Loans / Loans0.57%0.66%0.52%0.47%0.58%+1 bps
Net Charge-Offs / Loans0.00%0.00%0.00%0.25%0.12%+12 bps
Allowance / Loans0.47%0.48%0.49%0.53%0.54%+7 bps
Allowance Coverage of NPLs0.8x0.7x0.9x1.1x0.9x+0.1x
Capital
Tier 1 Leverage Ratio11.28%11.66%11.40%11.42%11.46%+18 bps
Total Risk-Based Capital15.30%15.78%15.69%16.58%16.59%+130 bps
Equity / Assets14.91%15.17%14.77%14.84%14.72%-18 bps
Liquidity & Funding
Loans / Deposits96.98%95.79%94.36%92.07%92.65%-433 bps
Liquid Assets / Assets4.80%6.35%3.88%5.82%3.87%-93 bps
CRE / Total Capitaln/a360%350%331%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

Trunorth Bank

Peabody, MA · Cert 26484 · Peer group: banks $1B-$10B in assets in the Boston-Cambridge-Newton, MA-NH area (n=27) · Hometown Financial Group MHC

State charter, Fed member · FED · 2 affiliate banks · 29 branches (55 in holding)

Q2 2026

$3.3BAssets
$2.5BLoans
$2.7BDeposits
$489.5MEquity

Executive Summary

  • Strongest standing: net interest margin outperforms 89% of banks $1B-$10B in assets in the Boston-Cambridge-Newton, MA-NH area (rank 3 of 27).
  • Widest gap: net charge-offs / loans trails 81% of banks $1B-$10B in assets in the Boston-Cambridge-Newton, MA-NH area (rank 23 of 27).
  • Overall: at or above the peer median on 8 of 9 directional measures.

Return on Assets

1.04%

Rank 5 of 27

Net Interest Margin

4.10%

Rank 3 of 27

Efficiency Ratio

60.86%

Rank 8 of 27

Equity / Assets

14.72%

Rank 4 of 27

Non-interest income vs. expense

$10.9M$86.2MINCOMEEXPENSE
Unfavorable gap of $75.3M · efficiency ratio beats 74% of banks $1B-$10B in assets in the Boston-Cambridge-Newton, MA-NH area
Bank 60.86%Peer median 68.2%Q3 2024Q2 2026Shaded: peer 25th to 75th percentile
MetricYour BankPeer 25thPeer MedianPeer 75thStandingRankPeer Position
Earnings
Return on Assets1.04%0.48%0.78%0.99%Beats 81%5 / 27
Return on Equity7.07%5.50%7.06%8.20%Beats 52%13 / 27
Net Interest Margin4.10%2.49%2.70%3.34%Beats 89%3 / 27
Efficiency Ratio60.86%59.27%68.19%75.85%Beats 74%8 / 27
Asset Quality
Nonperforming Loans / Loans0.58%0.20%0.58%1.15%Beats 52%14 / 27
Net Charge-Offs / Loans0.06%0.00%0.01%0.05%Beats 19%23 / 27
Capital
Tier 1 Capital Ratio15.98%13.21%14.69%16.81%Beats 63%10 / 27
Total Risk-Based Capital Ratio16.59%13.71%15.43%18.07%Beats 63%10 / 27
Equity / Assets14.72%9.62%11.14%13.14%Beats 85%4 / 27
Liquidity & Funding
Loans / Deposits92.65%91.42%101.19%107.11%26th pctl20 / 27
Loans / Assets75.31%75.31%80.56%83.39%22nd pctl21 / 27
Brokered Deposits / Depositsn/aNot reported for this institution