PackageTrendsPeer
Letter portraitLegal landscape

Mechanics Cooperative Bank

Taunton, MA · Cert 26634 · Mountainone Financial MHC

SI · FDIC · 10 branches

Q2 2026

Board Package

Performance Trends and Peer Comparison

Part 1Performance Trends, own institution only2
Part 2Peer Comparison, banks under $1B in assets3

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 under $1B in assets (n=581 to 629). 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

60

Q2 2024Q2 2026peer median (50)

Asset Quality

54

Q2 2024Q2 2026peer median (50)

Profitability

63

Q2 2024Q2 2026peer median (50)

Liquidity

0

Q2 2024Q2 2026peer median

Efficiency

68

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

Mechanics Cooperative Bank

Taunton, MA · Cert 26634 · Mountainone Financial MHC

SI · FDIC · 1 affiliate bank · 10 branches (16 in holding)

Q2 2026

$898.8MAssets
$745.9MLoans
$679.6MDeposits
$118.6MEquity
Loan mix
92%RE $673.2M6%C&I $45.3M1%Consumer $10.0MQ3 2024Q2 2026
Deposit mix
84%Interest-bearing $569.2M16%Noninterest $110.4MQ3 2024Q2 2026

Market Position · Providence-Warwick, RI-MA · 2026 SOD (annual) · 1.0% share · #17 of 22 inst. · $0.6B of $61.9B

3.7% Bristol
0.3% Plymouth

Executive Summary

  • Earnings: ROA of 1.24%, down 4 bps year over year; NIM at 4.10%.
  • Asset quality: problem loans at 0.03% of loans (0 bps YoY), with net charge-offs at 0.00%.
  • Capital: tier 1 leverage ratio of 12.38%, down 40 bps from a year ago.
  • Funding: loans stand at 109.75% of deposits as of Q2 2026.

Return on Assets (YTD, annualized)

1.24%-4 bps YoY

Net Interest Margin (YTD, annualized)

4.10%+32 bps YoY

Efficiency Ratio (YTD, annualized)

56.07%-182 bps YoY

Tier 1 Leverage Ratio

12.38%-40 bps YoY

NIM

5.44%Q2 ’245.90%Q2 ’255.97%Q2 ’26+11%+8%

Non-interest income vs. expense

2.43%Q2 ’242.37%Q2 ’252.70%Q2 ’26-5%+15%

Year to date, annualized, through each quarter.

MetricQ3 2024Q4 2024Q1 2025Q2 2025Q3 2025Q4 2025Q1 2026Q2 2026YoY ΔTrend
Earnings
Return on Assets0.89%0.89%1.19%1.28%1.30%1.25%1.13%1.24%-4 bps
Return on Equity7.40%7.43%10.08%10.70%10.78%10.33%8.84%9.57%-114 bps
Net Interest Margin3.36%3.31%3.74%3.78%3.85%3.84%4.09%4.10%+32 bps
Efficiency Ratio65.40%64.92%59.47%57.89%56.97%57.17%58.17%56.07%-182 bps
Non-Interest Burden2.11%2.06%2.11%2.06%2.07%2.07%2.48%2.36%+30 bps
Growth
Asset Growth (YoY)16.36%15.80%11.21%7.35%5.76%2.95%6.10%8.21%+86 bps
Loan Growth (YoY)19.16%18.89%13.34%7.75%6.10%2.72%3.99%6.99%-76 bps
Deposit Growth (YoY)14.57%19.50%14.55%9.85%5.64%7.43%2.11%3.40%-644 bps
Asset Quality
Nonperforming Loans / Loans0.06%0.03%0.03%0.03%0.00%0.04%0.04%0.03%0 bps
Net Charge-Offs / Loans0.00%0.00%0.00%0.00%0.00%0.00%0.01%0.00%0 bps
Allowance / Loans0.76%0.79%0.81%0.81%0.81%0.86%0.86%0.86%+5 bps
Allowance Coverage of NPLs12.8x23.3x26.4x26.9x1932.3x22.5x24.5x25.4x-1.6x
Capital
Tier 1 Leverage Ratio12.51%12.25%12.38%12.78%12.89%12.99%12.06%12.38%-40 bps
Total Risk-Based Capital17.70%17.46%17.96%18.52%18.10%16.32%15.29%15.37%-315 bps
Equity / Assets11.83%11.54%12.00%12.32%12.35%12.50%13.16%13.19%+88 bps
Liquidity & Funding
Loans / Deposits108.02%108.78%105.05%106.07%108.50%104.02%106.98%109.75%+368 bps
Liquid Assets / Assets0.42%0.40%0.38%1.13%0.85%0.64%0.59%1.06%-7 bps
CRE / Total Capitaln/an/an/an/a379%378%408%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

Mechanics Cooperative Bank

Taunton, MA · Cert 26634 · Peer group: banks under $1B in assets (n=581-629) · Mountainone Financial MHC

SI · FDIC · 1 affiliate bank · 10 branches (16 in holding)

Q2 2026

$898.8MAssets
$745.9MLoans
$679.6MDeposits
$118.6MEquity

Executive Summary

  • Strongest standing: nonperforming loans / loans outperforms 83% of banks under $1B in assets (rank 101 of 581).
  • Widest gap: net charge-offs / loans trails 76% of banks under $1B in assets (rank 441 of 581).
  • Overall: at or above the peer median on 7 of 9 directional measures.

Return on Assets

1.21%

Rank 230 of 629

Net Interest Margin

4.10%

Rank 144 of 629

Efficiency Ratio

61.54%

Rank 201 of 629

Equity / Assets

13.19%

Rank 182 of 629

Non-interest income vs. expense

$3.0M$23.7MINCOMEEXPENSE
Unfavorable gap of $20.7M · efficiency ratio beats 68% of banks under $1B in assets
MetricYour BankPeer 25thPeer MedianPeer 75thStandingRank8-Qtr TrendPeer Position
Earnings
Return on Assets1.21%0.60%1.01%1.45%Beats 63%230 / 629n/a
Return on Equity9.20%5.38%9.30%13.28%Beats 48%325 / 629n/a
Net Interest Margin4.10%3.03%3.54%4.05%Beats 77%144 / 629n/a
Efficiency Ratio61.54%58.35%67.79%79.08%Beats 68%201 / 629n/a
Asset Quality
Nonperforming Loans / Loans0.03%0.09%0.46%1.20%Beats 83%101 / 581n/a
Net Charge-Offs / Loans0.07%n/a0.01%0.06%Beats 24%441 / 581n/a
Capital
Tier 1 Capital Ratio14.38%11.24%13.84%18.77%Beats 54%287 / 629n/a
Total Risk-Based Capital Ratio15.37%11.58%14.43%19.66%Beats 56%276 / 629n/a
Equity / Assets13.19%9.09%10.65%13.80%Beats 71%182 / 629n/a
Liquidity & Funding
Loans / Deposits109.75%67.24%80.90%93.48%95th pctl29 / 594n/a
Loans / Assets82.99%53.31%67.71%78.15%88th pctl77 / 629n/a
Brokered Deposits / Depositsn/aNot reported for this institution