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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