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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

5.35%Q2 ’245.30%Q2 ’254.19%Q2 ’26+66%-51%

Non-interest income vs. expense

2.82%Q2 ’244.70%Q2 ’254.61%Q2 ’26+86%-12%

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 -3.75%, down 40 bps year over year; NIM at 0.86%.
  • Asset quality: problem loans at 0.03% of loans (-1 bps YoY), with net recoveries of 0.01%.
  • 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 (quarter, annualized)

-3.75%-40 bps YoY

Net Interest Margin (quarter, annualized)

0.86%-89 bps YoY

Efficiency Ratio (quarter, annualized)

523%+13,814 bps YoY

Tier 1 Leverage Ratio

7.72%-131 bps YoY

Discrete quarter, annualized.

MetricQ2 2025Q3 2025Q4 2025Q1 2026Q2 2026YoY ΔTrend
Earnings
Return on Assets-3.34%-3.02%-3.39%-4.00%-3.75%-40 bps
Return on Equity-37.39%-33.47%-40.07%-47.65%-45.89%-850 bps
Net Interest Margin1.75%1.65%1.62%1.12%0.86%-89 bps
Efficiency Ratio385%284%310%449%523%+13,814 bps
Non-Interest Burden5.23%4.69%5.02%5.04%4.59%-64 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 / Loans0.03%-0.07%1.06%-0.09%-0.01%-4 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