PackageTrendsPeer
Letter portraitLegal landscape

Wakefield Co-operative Bank

Wakefield, MA · Cert 26516

FDIC · 3 branches

Q1 2025

Board Package

Performance Trends and Peer Comparison

Part 1Performance Trends, own institution only2
Part 2Peer Comparison, banks under $1B in assets in the Boston-Cambridge-Newton, MA-NH area3

Basis

Quarter: Q1 2025, the quarter ended March 31, 2025, on both parts.

Income statement: year to date as filed, annualized, on both parts.

Balance sheet: as filed at quarter end.

Peer group

Banks under $1B in assets in the Boston-Cambridge-Newton, MA-NH area (n=35). 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 2024Q1 2025peer median (50)

Asset Quality

49

Q2 2024Q1 2025peer median (50)

Profitability

10

Q2 2024Q1 2025peer median (50)

Liquidity

60

Q2 2024Q1 2025peer median

Efficiency

14

Q2 2024Q1 2025peer 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

Wakefield Co-operative Bank

Wakefield, MA · Cert 26516

FDIC · 3 branches

Q1 2025

$305.8MAssets
$252.4MLoans
$261.0MDeposits
$18.1MEquity
Loan mix
100%RE $237.2M0%C&I $0.0M0%Consumer $0.0MQ1 2024Q1 2025
Deposit mix
87%Interest-bearing $227.9M13%Noninterest $33.1MQ1 2024Q1 2025

NIM

3.62%Q1 ’234.18%Q1 ’244.11%Q1 ’25-20%0%

Non-interest income vs. expense

2.63%Q1 ’232.28%Q1 ’242.43%Q1 ’25-15%+8%

Market Position · Boston-Cambridge-Newton, MA-NH · 2024 SOD (annual) · 0.1% share · #69 of 108 inst. · $0.3B of $496.2B

0.2% Middlesex
0.3% Essex

Executive Summary

  • Earnings: ROA of -0.34%, down 13 bps year over year; NIM at 1.78%.
  • Asset quality: problem loans at 0.41% of loans (+20 bps YoY), with net charge-offs at 0.00%.
  • Capital: tier 1 leverage ratio of 6.77%, down 4 bps from a year ago.
  • Funding: loans stand at 96.70% of deposits as of Q1 2025.

Financial Results

Return on Assets (YTD, annualized)

-0.34%-13 bps YoY

Net Interest Margin (YTD, annualized)

1.78%0 bps YoY

Efficiency Ratio (YTD, annualized)

124.09%+880 bps YoY

Tier 1 Leverage Ratio

6.77%-4 bps YoY

Year to date, annualized, through each quarter.

MetricQ1 2024Q2 2024Q3 2024Q4 2024Q1 2025YoY ΔTrend
Earnings
Return on Assets-0.21%-0.28%-0.25%-0.27%-0.34%-13 bps
Return on Equity-3.47%-4.71%-4.17%-4.48%-5.75%-229 bps
Net Interest Margin1.78%1.75%1.71%1.72%1.78%0 bps
Efficiency Ratio115.29%119.90%121.57%124.77%124.09%+880 bps
Non-Interest Burden2.08%2.14%2.12%2.20%2.25%+17 bps
Growth
Asset Growth (YoY)1.95%-0.21%-0.25%-4.46%-2.61%-457 bps
Loan Growth (YoY)7.66%2.85%-1.00%-4.55%-2.97%-1,063 bps
Deposit Growth (YoY)-1.15%-1.11%-0.70%-3.56%-0.95%+21 bps
Asset Quality
Nonperforming Loans / Loans0.21%0.24%0.41%0.41%0.41%+20 bps
Net Charge-Offs / Loans0.00%0.00%0.00%0.00%0.00%0 bps
Allowance / Loans0.83%0.79%0.75%0.70%0.69%-14 bps
Allowance Coverage of NPLs4.0x3.3x1.8x1.7x1.7x-2.3x
Capital
Tier 1 Leverage Ratio6.81%6.81%6.73%6.78%6.77%-4 bps
Total Risk-Based Capital12.86%12.91%13.01%13.06%12.95%+9 bps
Equity / Assets6.01%5.93%6.05%5.98%5.91%-10 bps
Liquidity & Funding
Loans / Deposits98.71%97.15%95.78%97.33%96.70%-202 bps
Liquid Assets / Assets4.27%4.75%6.54%5.28%5.69%+141 bps
CRE / Total Capitaln/an/an/an/an/an/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

Wakefield Co-operative Bank

Wakefield, MA · Cert 26516 · Peer group: banks under $1B in assets in the Boston-Cambridge-Newton, MA-NH area (n=35)

FDIC · 3 branches

Q1 2025

$305.8MAssets
$252.4MLoans
$261.0MDeposits
$18.1MEquity

Executive Summary

  • Strongest standing: net charge-offs / loans outperforms 57% of banks under $1B in assets in the Boston-Cambridge-Newton, MA-NH area (rank 18 of 35).
  • Widest gap: equity / assets trails 100% of banks under $1B in assets in the Boston-Cambridge-Newton, MA-NH area (rank 35 of 35).
  • Overall: at or above the peer median on 1 of 9 directional measures.

Return on Assets

-0.34%

Rank 30 of 35

Net Interest Margin

1.78%

Rank 31 of 35

Efficiency Ratio

124.09%

Rank 31 of 35

Equity / Assets

5.91%

Rank 35 of 35

Non-interest income vs. expense

$0.5M$7.5MINCOMEEXPENSE
Unfavorable gap of $6.9M · efficiency ratio beats 14% of banks under $1B in assets in the Boston-Cambridge-Newton, MA-NH area
Bank 124.09%Peer median 91.7%Q2 2024Q1 2025Shaded: peer 25th to 75th percentile
MetricYour BankPeer 25thPeer MedianPeer 75thStandingRankPeer Position
Earnings
Return on Assets-0.34%-0.10%0.14%0.47%Beats 14%30 / 35
Return on Equity-5.78%-1.12%1.92%4.19%Beats 6%33 / 35
Net Interest Margin1.78%2.04%2.40%2.73%Beats 11%31 / 35
Efficiency Ratio124.09%80.77%91.70%100.02%Beats 14%31 / 35
Asset Quality
Nonperforming Loans / Loans0.41%0.05%0.25%0.52%Beats 40%22 / 35
Net Charge-Offs / Loans0.00%n/a0.00%0.00%Beats 57%18 / 35
Capital
Tier 1 Capital Ratio11.85%11.54%13.10%17.00%Beats 29%25 / 35
Total Risk-Based Capital Ratio12.95%12.07%14.19%17.62%Beats 31%24 / 35
Equity / Assets5.91%8.46%9.22%12.57%Beats 0%35 / 35
Liquidity & Funding
Loans / Deposits96.70%83.02%91.22%101.96%66th pctl12 / 35
Loans / Assets82.54%70.21%75.63%80.46%86th pctl5 / 35
Brokered Deposits / Depositsn/aNot reported for this institution