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Shoreham Bank

Warwick, RI · Cert 27417 · Jamestown Trust#3

State savings bank · OCC · 4 branches

Q2 2026

Board Package

Performance Trends and Peer Comparison

Part 1Performance Trends, own institution only2
Part 2Peer Comparison, banks under $1B in assets3

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 (n=581 to 629). 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

16

Q2 2024Q2 2026peer median (50)

Profitability

38

Q2 2024Q2 2026peer median (50)

Liquidity

0

Q2 2024Q2 2026peer median

Efficiency

30

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

Shoreham Bank

Warwick, RI · Cert 27417 · Jamestown Trust#3

State savings bank · OCC · 4 branches

Q2 2026

$534.8MAssets
$468.8MLoans
$420.5MDeposits
$55.3MEquity
Loan mix
77%RE $353.6M2%C&I $9.1M21%Consumer $94.9MQ2 2025Q2 2026
Deposit mix
96%Interest-bearing $405.1M4%Noninterest $15.4MQ2 2025Q2 2026

NIM

8.03%Q2 ’247.86%Q2 ’257.12%Q2 ’26-3%-13%

Non-interest income vs. expense

4.78%Q2 ’244.85%Q2 ’254.33%Q2 ’26-7%-1%

Market Position · Providence-Warwick, RI-MA · 2026 SOD (annual) · 0.7% share · #19 of 22 inst. · $0.4B of $61.9B

5.5% Kent
0.4% Providence

Executive Summary

  • Earnings: ROA of 0.50%, down 45 bps year over year; NIM at 4.06%.
  • Asset quality: problem loans at 1.12% of loans (+35 bps YoY), with net charge-offs at 0.85%.
  • Capital: tier 1 leverage ratio of 10.65%, down 32 bps from a year ago.
  • Funding: loans stand at 111.49% of deposits as of Q2 2026.

Financial Results

Return on Assets (YTD, annualized)

0.50%-45 bps YoY

Net Interest Margin (YTD, annualized)

4.06%-61 bps YoY

Efficiency Ratio (YTD, annualized)

76.56%+477 bps YoY

Tier 1 Leverage Ratio

10.65%-32 bps YoY

Year to date, annualized, through each quarter.

MetricQ2 2025Q3 2025Q4 2025Q1 2026Q2 2026YoY ΔTrend
Earnings
Return on Assets0.95%0.79%0.66%0.24%0.50%-45 bps
Return on Equity8.67%7.24%5.95%2.15%4.62%-405 bps
Net Interest Margin4.67%4.54%4.65%4.17%4.06%-61 bps
Efficiency Ratio71.79%74.07%76.63%80.17%76.56%+477 bps
Non-Interest Burden2.76%2.84%3.12%3.14%2.73%-3 bps
Growth
Asset Growth (YoY)7.17%0.52%-0.85%5.66%6.38%-79 bps
Loan Growth (YoY)9.07%-2.14%-1.10%6.26%5.64%-343 bps
Deposit Growth (YoY)4.29%0.50%-4.25%-3.33%-2.44%-673 bps
Asset Quality
Nonperforming Loans / Loans0.78%1.07%1.28%1.38%1.12%+35 bps
Net Charge-Offs / Loans0.39%0.50%0.57%1.08%0.85%+46 bps
Allowance / Loans2.25%2.36%2.38%2.13%2.11%-14 bps
Allowance Coverage of NPLs2.9x2.2x1.9x1.5x1.9x-1.0x
Capital
Tier 1 Leverage Ratio10.98%10.78%11.20%11.17%10.65%-32 bps
Total Risk-Based Capital14.21%14.10%14.41%14.13%13.99%-22 bps
Equity / Assets10.88%10.92%11.41%10.50%10.34%-54 bps
Liquidity & Funding
Loans / Deposits102.96%100.27%104.23%109.51%111.49%+853 bps
Liquid Assets / Assets6.64%8.37%6.44%6.97%7.22%+58 bps
CRE / Total Capitaln/a258%255%297%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

Shoreham Bank

Warwick, RI · Cert 27417 · Peer group: banks under $1B in assets (n=581-629) · Jamestown Trust#3

State savings bank · OCC · 4 branches

Q2 2026

$534.8MAssets
$468.8MLoans
$420.5MDeposits
$55.3MEquity

Executive Summary

  • Strongest standing: net interest margin outperforms 75% of banks under $1B in assets (rank 156 of 629).
  • Widest gap: net charge-offs / loans trails 96% of banks under $1B in assets (rank 561 of 581).
  • Overall: at or above the peer median on 1 of 9 directional measures.

Return on Assets

0.48%

Rank 510 of 629

Net Interest Margin

4.06%

Rank 156 of 629

Efficiency Ratio

76.56%

Rank 440 of 629

Equity / Assets

10.34%

Rank 347 of 629

Non-interest income vs. expense

$8.3M$22.5MINCOMEEXPENSE
Unfavorable gap of $14.2M · efficiency ratio beats 30% of banks under $1B in assets
Bank 76.56%Peer median 67.8%Q2 2024Q2 2026Shaded: peer 25th to 75th percentile
MetricYour BankPeer 25thPeer MedianPeer 75thStandingRankPeer Position
Earnings
Return on Assets0.48%0.60%1.01%1.45%Beats 19%510 / 629
Return on Equity4.60%5.38%9.30%13.28%Beats 21%497 / 629
Net Interest Margin4.06%3.03%3.54%4.05%Beats 75%156 / 629
Efficiency Ratio76.56%58.35%67.79%79.08%Beats 30%440 / 629
Asset Quality
Nonperforming Loans / Loans1.12%0.09%0.46%1.20%Beats 27%426 / 581
Net Charge-Offs / Loans0.45%n/a0.01%0.06%Beats 4%561 / 581
Capital
Tier 1 Capital Ratio12.73%11.24%13.84%18.77%Beats 41%373 / 629
Total Risk-Based Capital Ratio13.99%11.58%14.43%19.66%Beats 46%337 / 629
Equity / Assets10.34%9.09%10.65%13.80%Beats 45%347 / 629
Liquidity & Funding
Loans / Deposits111.49%67.24%80.90%93.48%96th pctl25 / 594
Loans / Assets87.66%53.31%67.71%78.15%96th pctl24 / 629
Brokered Deposits / Depositsn/aNot reported for this institution