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Bankgloucester

Gloucester, MA · Cert 26536

SI · FDIC · 3 branches

Q2 2026

$386.9MAssets
$334.9MLoans
$304.2MDeposits
$32.6MEquity
Loan mix
97%RE $326.9M3%C&I $9.3M0%Consumer $0.5MQ2 2025Q2 2026
Deposit mix
81%Interest-bearing $246.6M19%Noninterest $57.6MQ2 2025Q2 2026

NIM

5.01%Q2 ’245.27%Q2 ’255.59%Q2 ’26+18%+12%

Non-interest income vs. expense

3.01%Q2 ’242.99%Q2 ’253.25%Q2 ’26+0%+10%

Market Position · Boston-Cambridge-Newton, MA-NH · 2026 SOD (annual) · 0.1% share · #57 of 100 inst. · $0.3B of $580.3B

Executive Summary

  • Earnings: ROA of 0.43%, up 13 bps year over year; NIM at 3.75%.
  • Asset quality: problem loans at 2.98% of loans (+77 bps YoY), with net charge-offs at 0.00%.
  • Capital: tier 1 leverage ratio of 8.70%, up 50 bps from a year ago.
  • Funding: loans stand at 110.10% of deposits as of Q2 2026.

Financial Results

Return on Assets (quarter, annualized)

0.43%+13 bps YoY

Net Interest Margin (quarter, annualized)

3.75%+41 bps YoY

Efficiency Ratio (quarter, annualized)

82.09%-189 bps YoY

Tier 1 Leverage Ratio

8.70%+50 bps YoY

Discrete quarter, annualized.

MetricQ2 2025Q3 2025Q4 2025Q1 2026Q2 2026YoY ΔTrend
Earnings
Return on Assets0.30%0.45%0.48%0.42%0.43%+13 bps
Return on Equity3.86%5.75%6.01%5.08%5.14%+128 bps
Net Interest Margin3.34%3.53%3.58%3.52%3.75%+41 bps
Efficiency Ratio83.99%78.93%82.03%84.37%82.09%-189 bps
Non-Interest Burden2.77%2.75%2.90%2.94%3.04%+27 bps
Growth
Asset Growth (YoY)4.10%6.70%1.95%1.59%-0.91%-501 bps
Loan Growth (YoY)4.54%2.93%3.62%0.82%-1.07%-560 bps
Deposit Growth (YoY)-2.48%1.23%1.48%-3.68%-2.75%-27 bps
Asset Quality
Nonperforming Loans / Loans2.20%2.52%2.49%2.75%2.98%+77 bps
Net Charge-Offs / Loans0.01%0.00%0.00%0.00%0.00%-1 bps
Allowance / Loans1.04%1.09%1.08%1.03%1.05%+1 bps
Allowance Coverage of NPLs0.5x0.4x0.4x0.4x0.4x-0.1x
Capital
Tier 1 Leverage Ratio8.20%8.18%8.27%8.53%8.70%+50 bps
Total Risk-Based Capital13.23%13.48%13.47%14.28%14.73%+150 bps
Equity / Assets7.81%7.81%8.13%8.35%8.42%+60 bps
Liquidity & Funding
Loans / Deposits108.22%106.91%108.37%114.12%110.10%+188 bps
Liquid Assets / Assets2.05%4.32%1.70%1.23%0.68%-137 bps
CRE / Total Capitaln/a349%352%346%n/an/a