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Dean Co-operative Bank

Franklin, MA · Cert 27269

SI · FDIC · 4 branches

Q2 2026

$494.3MAssets
$355.7MLoans
$420.6MDeposits
$33.2MEquity
Loan mix
91%RE $316.1M8%C&I $26.5M1%Consumer $4.6MQ3 2024Q2 2026
Deposit mix
70%Interest-bearing $292.3M30%Noninterest $128.3MQ3 2024Q2 2026

Market Position · Boston-Cambridge-Newton, MA-NH · 2026 SOD (annual) · 0.0% share · #60 of 100 inst. · $0.3B of $580.3B

0.6% Norfolk
0.6% Worcester

Executive Summary

  • Earnings: ROA of 0.39%, up 15 bps year over year; NIM at 3.06%.
  • Asset quality: problem loans at 0.13% of loans (+1 bps YoY), with net charge-offs at 0.06%.
  • Capital: tier 1 leverage ratio of 8.26%, up 25 bps from a year ago.
  • Funding: loans stand at 84.58% of deposits as of Q2 2026.

Return on Assets (YTD, annualized)

0.39%+15 bps YoY

Net Interest Margin (YTD, annualized)

3.06%+40 bps YoY

Efficiency Ratio (YTD, annualized)

86.55%-475 bps YoY

Tier 1 Leverage Ratio

8.26%+25 bps YoY

NIM

3.81%Q2 ’244.05%Q2 ’254.33%Q2 ’26+8%+15%

Non-interest income vs. expense

3.03%Q2 ’242.99%Q2 ’253.20%Q2 ’260%+8%

Year to date, annualized, through each quarter.

MetricQ3 2024Q4 2024Q1 2025Q2 2025Q3 2025Q4 2025Q1 2026Q2 2026YoY ΔTrend
Earnings
Return on Assets0.09%0.11%0.22%0.24%0.27%0.29%0.40%0.39%+15 bps
Return on Equity1.55%1.82%3.74%3.94%4.38%4.65%5.97%5.84%+190 bps
Net Interest Margin2.45%2.42%2.63%2.66%2.71%2.74%3.03%3.06%+40 bps
Efficiency Ratio97.10%96.47%91.70%91.30%90.20%89.43%86.03%86.55%-475 bps
Non-Interest Burden2.36%2.31%2.36%2.37%2.38%2.38%2.52%2.57%+19 bps
Growth
Asset Growth (YoY)4.59%2.82%3.34%4.34%1.77%3.01%3.40%2.67%-167 bps
Loan Growth (YoY)3.40%2.88%4.79%6.61%5.51%4.25%2.60%3.18%-343 bps
Deposit Growth (YoY)1.81%0.13%3.08%3.60%2.73%5.24%3.71%1.37%-224 bps
Asset Quality
Nonperforming Loans / Loans0.18%0.30%0.28%0.12%0.08%0.08%0.07%0.13%+1 bps
Net Charge-Offs / Loans0.00%0.00%0.00%0.00%0.00%0.00%0.13%0.06%+6 bps
Allowance / Loans0.99%0.97%0.95%0.93%0.94%0.92%0.89%0.87%-6 bps
Allowance Coverage of NPLs5.4x3.2x3.4x7.9x11.4x12.2x13.4x6.7x-1.3x
Capital
Tier 1 Leverage Ratio8.10%7.98%8.01%8.02%8.11%8.14%8.25%8.26%+25 bps
Total Risk-Based Capital14.63%14.27%14.19%14.19%14.38%14.36%14.64%14.44%+25 bps
Equity / Assets6.41%5.82%6.17%6.14%6.62%6.68%6.61%6.71%+57 bps
Liquidity & Funding
Loans / Deposits81.39%83.54%83.02%83.09%83.59%82.76%82.14%84.58%+149 bps
Liquid Assets / Assets3.99%3.00%1.64%1.78%1.94%2.93%4.95%3.21%+143 bps
CRE / Total Capitaln/an/an/an/a193.46%192.98%181.03%n/an/a