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Methuen Co-operative Bank

Methuen, MA · Cert 26512

SI · FDIC · 1 branch

Q2 2026

$141.3MAssets
$107.3MLoans
$127.6MDeposits
$13.3MEquity
Loan mix
94%RE $98.5M5%C&I $5.4M1%Consumer $0.8MQ2 2025Q2 2026
Deposit mix
82%Interest-bearing $105.2M18%Noninterest $22.4MQ2 2025Q2 2026

NIM

4.22%Q2 ’244.48%Q2 ’254.52%Q2 ’26+13%+5%

Non-interest income vs. expense

2.52%Q2 ’242.58%Q2 ’252.56%Q2 ’26+2%0%

Market Position · Boston-Cambridge-Newton, MA-NH · 2026 SOD (annual) · 0.0% share · #76 of 100 inst. · $0.1B of $580.3B

Executive Summary

  • Earnings: ROA of 0.45%, up 9 bps year over year; NIM at 3.04%.
  • Asset quality: problem loans at 1.05% of loans (+19 bps YoY), with net charge-offs at 0.00%.
  • Capital: tier 1 leverage ratio of 9.36%, up 7 bps from a year ago.
  • Funding: loans stand at 84.11% of deposits as of Q2 2026.

Financial Results

Return on Assets (YTD, annualized)

0.45%+9 bps YoY

Net Interest Margin (YTD, annualized)

3.04%+14 bps YoY

Efficiency Ratio (YTD, annualized)

81.40%-408 bps YoY

Tier 1 Leverage Ratio

9.36%+7 bps YoY

Year to date, annualized, through each quarter.

MetricQ2 2025Q3 2025Q4 2025Q1 2026Q2 2026YoY ΔTrend
Earnings
Return on Assets0.36%0.38%0.37%0.32%0.45%+9 bps
Return on Equity3.97%4.13%4.01%3.46%4.85%+89 bps
Net Interest Margin2.90%2.91%2.91%2.96%3.04%+14 bps
Efficiency Ratio85.48%84.67%84.85%85.95%81.40%-408 bps
Non-Interest Burden2.47%2.45%2.46%2.53%2.46%-1 bps
Growth
Asset Growth (YoY)-0.04%-0.59%0.88%4.31%1.67%+171 bps
Loan Growth (YoY)-0.06%3.67%-0.11%0.82%2.68%+274 bps
Deposit Growth (YoY)1.18%-1.09%0.44%4.17%1.29%+11 bps
Asset Quality
Nonperforming Loans / Loans0.86%1.09%1.10%1.08%1.05%+19 bps
Net Charge-Offs / Loans0.00%0.00%0.00%0.00%0.00%0 bps
Allowance / Loans0.38%0.36%0.37%0.36%0.34%-4 bps
Allowance Coverage of NPLs0.4x0.3x0.3x0.3x0.3x-0.1x
Capital
Tier 1 Leverage Ratio9.29%9.30%9.27%9.29%9.36%+7 bps
Total Risk-Based Capital9.29%9.30%9.27%9.29%9.36%+7 bps
Equity / Assets9.17%9.14%9.39%9.15%9.43%+26 bps
Liquidity & Funding
Loans / Deposits82.98%82.69%83.03%80.76%84.11%+114 bps
Liquid Assets / Assets20.23%19.69%20.81%21.19%19.88%-34 bps
CRE / Total Capitaln/a178.81%185.82%185.99%n/an/a