PackageTrendsPeer
Letter portraitLegal landscape

42 North Private Bank

Canton, MA · Cert 27015 · 42 North Private Holdings Inc.

State savings bank · OCC · 2 branches

Q2 2026

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: 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 in the Boston-Cambridge-Newton, MA-NH area (n=28 to 29). 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

24

Q2 2024Q2 2026peer median (50)

Asset Quality

45

Q2 2024Q2 2026peer median (50)

Profitability

0

Q2 2024Q2 2026peer median (50)

Liquidity

0

Q2 2024Q2 2026peer median

Efficiency

3

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

42 North Private Bank

Canton, MA · Cert 27015 · 42 North Private Holdings Inc.

State savings bank · OCC · 2 branches

Q2 2026

$182.2MAssets
$158.5MLoans
$144.4MDeposits
$13.8MEquity
Loan mix
92%RE $138.6M0%C&I $0.0M8%Consumer $12.0MQ2 2025Q2 2026
Deposit mix
100%Interest-bearing $143.8M0%Noninterest $0.6MQ2 2025Q2 2026

NIM

5.32%Q2 ’246.07%Q2 ’254.32%Q2 ’26+102%-57%

Non-interest income vs. expense

2.94%Q2 ’244.51%Q2 ’254.84%Q2 ’26+75%-6%

Market Position · Boston-Cambridge-Newton, MA-NH · 2026 SOD (annual) · 0.0% share · #74 of 100 inst. · $0.1B of $580.3B

0.3% Norfolk
0.0% New York

Executive Summary

  • Earnings: ROA of -3.86%, down 123 bps year over year; NIM at 0.99%.
  • Asset quality: problem loans at 0.03% of loans (-1 bps YoY), with net recoveries of 0.05%.
  • Capital: tier 1 leverage ratio of 7.72%, down 131 bps from a year ago.
  • Funding: loans stand at 109.77% of deposits as of Q2 2026.

Financial Results

Return on Assets (YTD, annualized)

-3.86%-123 bps YoY

Net Interest Margin (YTD, annualized)

0.99%-133 bps YoY

Efficiency Ratio (YTD, annualized)

482%+21,868 bps YoY

Tier 1 Leverage Ratio

7.72%-131 bps YoY

Year to date, annualized, through each quarter.

MetricQ2 2025Q3 2025Q4 2025Q1 2026Q2 2026YoY ΔTrend
Earnings
Return on Assets-2.63%-2.74%-2.88%-4.00%-3.86%-123 bps
Return on Equity-29.01%-30.41%-32.57%-47.65%-47.56%-1,855 bps
Net Interest Margin2.32%2.17%2.07%1.12%0.99%-133 bps
Efficiency Ratio263%270%279%449%482%+21,868 bps
Non-Interest Burden5.11%5.13%5.20%5.04%4.82%-29 bps
Growth
Asset Growth (YoY)-19.02%-18.52%-15.28%-16.49%-2.43%+1,659 bps
Loan Growth (YoY)-16.71%-16.29%-12.95%-9.14%2.47%+1,918 bps
Deposit Growth (YoY)-19.16%-13.65%-10.48%-12.52%6.15%+2,531 bps
Asset Quality
Nonperforming Loans / Loans0.04%0.10%0.03%0.03%0.03%-1 bps
Net Charge-Offs / Loans-0.05%-0.06%0.22%-0.09%-0.05%0 bps
Allowance / Loans1.37%1.41%1.28%1.30%1.24%-13 bps
Allowance Coverage of NPLs37.7x13.6x39.3x42.6x45.7x+8.0x
Capital
Tier 1 Leverage Ratio9.02%8.68%8.04%8.62%7.72%-131 bps
Total Risk-Based Capital17.15%16.37%14.60%15.95%13.37%-378 bps
Equity / Assets9.17%8.90%8.01%8.77%7.57%-160 bps
Liquidity & Funding
Loans / Deposits113.71%113.80%111.49%112.18%109.77%-394 bps
Liquid Assets / Assets13.38%11.21%11.89%11.83%10.24%-314 bps
CRE / Total Capitaln/a142.66%180.43%163.90%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

42 North Private Bank

Canton, MA · Cert 27015 · Peer group: banks under $1B in assets in the Boston-Cambridge-Newton, MA-NH area (n=28-29) · 42 North Private Holdings Inc.

State savings bank · OCC · 2 branches

Q2 2026

$182.2MAssets
$158.5MLoans
$144.4MDeposits
$13.8MEquity

Executive Summary

  • Strongest standing: nonperforming loans / loans outperforms 76% of banks under $1B in assets in the Boston-Cambridge-Newton, MA-NH area (rank 8 of 29).
  • Widest gap: net interest margin trails 100% of banks under $1B in assets in the Boston-Cambridge-Newton, MA-NH area (rank 29 of 29).
  • Overall: at or above the peer median on 1 of 9 directional measures.

Return on Assets

-3.79%

Rank 29 of 29

Net Interest Margin

0.99%

Rank 29 of 29

Efficiency Ratio

482%

Rank 29 of 29

Equity / Assets

7.57%

Rank 27 of 29

Non-interest income vs. expense

$0.0M$8.6MINCOMEEXPENSE
Unfavorable gap of $8.6M · efficiency ratio beats 3% of banks under $1B in assets in the Boston-Cambridge-Newton, MA-NH area
Bank 482%Peer median 84.1%Q3 2024Q2 2026Shaded: peer 25th to 75th percentile
MetricYour BankPeer 25thPeer MedianPeer 75thStandingRankPeer Position
Earnings
Return on Assets-3.79%0.23%0.39%0.50%Beats 0%29 / 29
Return on Equity-50.00%2.29%3.46%5.78%Beats 0%29 / 29
Net Interest Margin0.99%2.42%2.71%3.01%Beats 0%29 / 29
Efficiency Ratio482%78.96%84.14%93.09%Beats 3%29 / 29
Asset Quality
Nonperforming Loans / Loans0.03%0.03%0.13%0.43%Beats 76%8 / 29
Net Charge-Offs / Loans0.00%n/a0.00%0.00%Beats 14%26 / 29
Capital
Tier 1 Capital Ratio12.12%11.54%13.48%16.99%Beats 31%20 / 29
Total Risk-Based Capital Ratio13.37%11.54%14.44%17.87%Beats 34%19 / 29
Equity / Assets7.57%8.70%9.70%11.05%Beats 7%27 / 29
Liquidity & Funding
Loans / Deposits109.77%84.22%92.17%95.56%89th pctl3 / 28
Loans / Assets87.02%69.12%73.70%81.02%97th pctl1 / 29
Brokered Deposits / Depositsn/aNot reported for this institution