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Winchester Co-operative Bank

Winchester, MA · Cert 27238

SI · FDIC · 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

44

Q2 2024Q2 2026peer median (50)

Asset Quality

64

Q2 2024Q2 2026peer median (50)

Profitability

55

Q2 2024Q2 2026peer median (50)

Liquidity

90

Q2 2024Q2 2026peer median

Efficiency

93

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

Winchester Co-operative Bank

Winchester, MA · Cert 27238

SI · FDIC · 2 branches

Q2 2026

$946.9MAssets
$695.9MLoans
$773.8MDeposits
$110.0MEquity
Loan mix
100%RE $682.9M0%C&I $0.7M0%Consumer $0.9MQ2 2025Q2 2026
Deposit mix
95%Interest-bearing $732.3M5%Noninterest $41.5MQ2 2025Q2 2026

NIM

4.16%Q2 ’244.53%Q2 ’254.63%Q2 ’26+18%+16%

Non-interest income vs. expense

1.66%Q2 ’241.54%Q2 ’251.55%Q2 ’26-12%+7%

Market Position · Boston-Cambridge-Newton, MA-NH · 2026 SOD (annual) · 0.1% share · #44 of 100 inst. · $0.8B of $580.3B

Executive Summary

  • Earnings: ROA of 0.61%, up 18 bps year over year; NIM at 2.22%.
  • Asset quality: problem loans at 0.43% of loans (-29 bps YoY), with net charge-offs at 0.00%.
  • Capital: tier 1 leverage ratio of 11.80%, down 20 bps from a year ago.
  • Funding: loans stand at 89.93% of deposits as of Q2 2026.

Financial Results

Return on Assets (YTD, annualized)

0.61%+18 bps YoY

Net Interest Margin (YTD, annualized)

2.22%+31 bps YoY

Efficiency Ratio (YTD, annualized)

66.13%-650 bps YoY

Tier 1 Leverage Ratio

11.80%-20 bps YoY

Year to date, annualized, through each quarter.

MetricQ2 2025Q3 2025Q4 2025Q1 2026Q2 2026YoY ΔTrend
Earnings
Return on Assets0.43%0.44%0.47%0.63%0.61%+18 bps
Return on Equity3.60%3.69%3.93%5.37%5.21%+161 bps
Net Interest Margin1.92%1.94%1.96%2.24%2.22%+31 bps
Efficiency Ratio72.63%72.19%71.62%64.91%66.13%-650 bps
Non-Interest Burden1.34%1.35%1.36%1.41%1.43%+9 bps
Growth
Asset Growth (YoY)5.93%5.89%6.49%6.66%7.44%+151 bps
Loan Growth (YoY)4.32%6.12%6.51%6.68%6.81%+249 bps
Deposit Growth (YoY)6.92%6.71%7.39%7.52%8.48%+156 bps
Asset Quality
Nonperforming Loans / Loans0.72%0.81%0.60%0.48%0.43%-29 bps
Net Charge-Offs / Loans0.00%0.00%-0.05%0.00%0.00%0 bps
Allowance / Loans0.32%0.30%0.35%0.35%0.35%+3 bps
Allowance Coverage of NPLs0.4x0.4x0.6x0.7x0.8x+0.4x
Capital
Tier 1 Leverage Ratio12.00%11.93%11.92%11.82%11.80%-20 bps
Total Risk-Based Capital12.00%11.93%11.92%11.82%11.80%-20 bps
Equity / Assets11.90%11.89%11.81%11.65%11.61%-29 bps
Liquidity & Funding
Loans / Deposits91.34%92.80%92.23%90.08%89.93%-141 bps
Liquid Assets / Assets23.33%22.08%22.41%23.91%23.97%+64 bps
CRE / Total Capitaln/a103.82%92.83%95.90%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

Winchester Co-operative Bank

Winchester, MA · Cert 27238 · Peer group: banks under $1B in assets in the Boston-Cambridge-Newton, MA-NH area (n=28-29)

SI · FDIC · 2 branches

Q2 2026

$946.9MAssets
$695.9MLoans
$773.8MDeposits
$110.0MEquity

Executive Summary

  • Strongest standing: net charge-offs / loans outperforms 100% of banks under $1B in assets in the Boston-Cambridge-Newton, MA-NH area (rank 15 of 29).
  • Widest gap: net interest margin trails 86% of banks under $1B in assets in the Boston-Cambridge-Newton, MA-NH area (rank 25 of 29).
  • Overall: at or above the peer median on 5 of 9 directional measures.

Return on Assets

0.60%

Rank 5 of 29

Net Interest Margin

2.22%

Rank 25 of 29

Efficiency Ratio

66.13%

Rank 3 of 29

Equity / Assets

11.61%

Rank 7 of 29

Non-interest income vs. expense

$1.1M$14.4MINCOMEEXPENSE
Unfavorable gap of $13.3M · efficiency ratio beats 93% of banks under $1B in assets in the Boston-Cambridge-Newton, MA-NH area
Bank 66.13%Peer median 84.1%Q3 2024Q2 2026Shaded: peer 25th to 75th percentile
MetricYour BankPeer 25thPeer MedianPeer 75thStandingRankPeer Position
Earnings
Return on Assets0.60%0.23%0.39%0.50%Beats 83%5 / 29
Return on Equity5.14%2.29%3.46%5.78%Beats 69%9 / 29
Net Interest Margin2.22%2.42%2.71%3.01%Beats 14%25 / 29
Efficiency Ratio66.13%78.96%84.14%93.09%Beats 93%3 / 29
Asset Quality
Nonperforming Loans / Loans0.43%0.03%0.13%0.43%Beats 28%22 / 29
Net Charge-Offs / Loans0.00%n/a0.00%0.00%Beats 100%15 / 29
Capital
Tier 1 Capital Ratio11.80%11.54%13.48%16.99%Beats 28%21 / 29
Total Risk-Based Capital Ratio11.80%11.54%14.44%17.87%Beats 28%21 / 29
Equity / Assets11.61%8.70%9.70%11.05%Beats 76%7 / 29
Liquidity & Funding
Loans / Deposits89.93%84.22%92.17%95.56%39th pctl17 / 28
Loans / Assets73.49%69.12%73.70%81.02%45th pctl16 / 29
Brokered Deposits / Depositsn/aNot reported for this institution