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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

4.29%Q2 ’244.60%Q2 ’254.69%Q2 ’26+20%+13%

Non-interest income vs. expense

1.70%Q2 ’241.54%Q2 ’251.59%Q2 ’26-19%+16%

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 0.59%, up 8 bps year over year; NIM at 2.24%.
  • 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 (quarter, annualized)

0.59%+8 bps YoY

Net Interest Margin (quarter, annualized)

2.24%+26 bps YoY

Efficiency Ratio (quarter, annualized)

67.34%-80 bps YoY

Tier 1 Leverage Ratio

11.80%-20 bps YoY

Discrete quarter, annualized.

MetricQ2 2025Q3 2025Q4 2025Q1 2026Q2 2026YoY ΔTrend
Earnings
Return on Assets0.51%0.46%0.55%0.63%0.59%+8 bps
Return on Equity4.26%3.88%4.63%5.37%5.06%+79 bps
Net Interest Margin1.98%2.05%2.10%2.24%2.24%+26 bps
Efficiency Ratio68.14%71.34%70.03%64.91%67.34%-80 bps
Non-Interest Burden1.26%1.43%1.43%1.41%1.47%+20 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%-0.20%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