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Reading Co-operative Bank

Reading, MA · Cert 26620

State charter, Fed member · FED · 13 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

3

Q2 2024Q2 2026peer median (50)

Asset Quality

60

Q2 2024Q2 2026peer median (50)

Profitability

42

Q2 2024Q2 2026peer median (50)

Liquidity

65

Q2 2024Q2 2026peer median

Efficiency

19

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

Reading Co-operative Bank

Reading, MA · Cert 26620

State charter, Fed member · FED · 13 branches

Q2 2026

$1.2BAssets
$969.4MLoans
$1.0BDeposits
$77.0MEquity
Loan mix
93%RE $883.6M4%C&I $40.1M2%Consumer $23.6MQ2 2025Q2 2026
Deposit mix
81%Interest-bearing $824.6M19%Noninterest $190.9MQ2 2025Q2 2026

NIM

4.72%Q2 ’244.37%Q2 ’255.15%Q2 ’26+0%+34%

Non-interest income vs. expense

2.39%Q2 ’242.28%Q2 ’252.77%Q2 ’26-11%+31%

Market Position · Boston-Cambridge-Newton, MA-NH · 2026 SOD (annual) · 0.2% share · #33 of 100 inst. · $1.0B of $580.3B

0.9% Middlesex
0.8% Essex

Executive Summary

  • Earnings: ROA of 0.42%, up 11 bps year over year; NIM at 3.20%.
  • Asset quality: problem loans at 0.06% of loans (-76 bps YoY), with net charge-offs at 0.08%.
  • Capital: tier 1 leverage ratio of 7.35%, up 43 bps from a year ago.
  • Funding: loans stand at 95.46% of deposits as of Q2 2026.

Financial Results

Return on Assets (YTD, annualized)

0.42%+11 bps YoY

Net Interest Margin (YTD, annualized)

3.20%+82 bps YoY

Efficiency Ratio (YTD, annualized)

80.79%-305 bps YoY

Tier 1 Leverage Ratio

7.35%+43 bps YoY

Year to date, annualized, through each quarter.

MetricQ2 2025Q3 2025Q4 2025Q1 2026Q2 2026YoY ΔTrend
Earnings
Return on Assets0.30%0.55%0.52%0.42%0.42%+11 bps
Return on Equity5.28%9.38%8.93%6.81%6.60%+133 bps
Net Interest Margin2.38%2.65%2.78%3.15%3.20%+82 bps
Efficiency Ratio83.85%78.72%80.26%81.16%80.79%-305 bps
Non-Interest Burden1.92%2.01%2.16%2.50%2.52%+60 bps
Growth
Asset Growth (YoY)32.00%29.97%33.56%27.60%-2.07%-3,406 bps
Loan Growth (YoY)35.51%33.41%28.07%29.92%0.14%-3,537 bps
Deposit Growth (YoY)53.73%55.56%60.92%31.16%-4.03%-5,776 bps
Asset Quality
Nonperforming Loans / Loans0.81%0.66%1.05%0.16%0.06%-76 bps
Net Charge-Offs / Loans0.06%0.10%0.11%0.07%0.08%+2 bps
Allowance / Loans0.63%0.61%0.57%0.57%0.57%-6 bps
Allowance Coverage of NPLs0.8x0.9x0.5x3.6x10.0x+9.2x
Capital
Tier 1 Leverage Ratio6.92%6.84%7.01%7.14%7.35%+43 bps
Total Risk-Based Capital10.62%11.23%10.99%11.33%11.33%+71 bps
Equity / Assets5.58%5.99%5.98%6.42%6.49%+92 bps
Liquidity & Funding
Loans / Deposits91.48%90.51%84.41%90.36%95.46%+398 bps
Liquid Assets / Assets0.09%0.13%0.12%0.13%0.12%+2 bps
CRE / Total Capitaln/a353%346%349%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

Reading Co-operative Bank

Reading, MA · Cert 26620 · Peer group: banks $1B-$10B in assets in the Boston-Cambridge-Newton, MA-NH area (n=27)

State charter, Fed member · FED · 13 branches

Q2 2026

$1.2BAssets
$969.4MLoans
$1.0BDeposits
$77.0MEquity

Executive Summary

  • Strongest standing: nonperforming loans / loans outperforms 93% of banks $1B-$10B in assets in the Boston-Cambridge-Newton, MA-NH area (rank 3 of 27).
  • Widest gap: equity / assets trails 100% of banks $1B-$10B in assets in the Boston-Cambridge-Newton, MA-NH area (rank 27 of 27).
  • Overall: at or above the peer median on 2 of 9 directional measures.

Return on Assets

0.42%

Rank 22 of 27

Net Interest Margin

3.20%

Rank 8 of 27

Efficiency Ratio

80.79%

Rank 23 of 27

Equity / Assets

6.49%

Rank 27 of 27

Non-interest income vs. expense

$2.8M$32.2MINCOMEEXPENSE
Unfavorable gap of $29.4M · efficiency ratio beats 19% of banks $1B-$10B in assets in the Boston-Cambridge-Newton, MA-NH area
Bank 80.79%Peer median 68.2%Q2 2025Q2 2026Shaded: peer 25th to 75th percentile
MetricYour BankPeer 25thPeer MedianPeer 75thStandingRankPeer Position
Earnings
Return on Assets0.42%0.48%0.78%0.99%Beats 19%22 / 27
Return on Equity6.48%5.50%7.06%8.20%Beats 37%17 / 27
Net Interest Margin3.20%2.49%2.70%3.34%Beats 70%8 / 27
Efficiency Ratio80.79%59.27%68.19%75.85%Beats 19%23 / 27
Asset Quality
Nonperforming Loans / Loans0.06%0.20%0.58%1.15%Beats 93%3 / 27
Net Charge-Offs / Loans0.05%0.00%0.01%0.05%Beats 26%21 / 27
Capital
Tier 1 Capital Ratio10.61%13.21%14.69%16.81%Beats 4%26 / 27
Total Risk-Based Capital Ratio11.33%13.71%15.43%18.07%Beats 4%26 / 27
Equity / Assets6.49%9.62%11.14%13.14%Beats 0%27 / 27
Liquidity & Funding
Loans / Deposits95.46%91.42%101.19%107.11%33rd pctl18 / 27
Loans / Assets81.67%75.31%80.56%83.39%59th pctl11 / 27
Brokered Deposits / Depositsn/aNot reported for this institution