PackageTrendsPeer
Letter portraitLegal landscapeQuarterYTD

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