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Salem Co-operative Bank

Salem, NH · Cert 27824

SL · 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

75

Q2 2024Q2 2026peer median (50)

Asset Quality

24

Q2 2024Q2 2026peer median (50)

Profitability

24

Q2 2024Q2 2026peer median (50)

Liquidity

0

Q2 2024Q2 2026peer median

Efficiency

48

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

Salem Co-operative Bank

Salem, NH · Cert 27824

SL · FDIC · 2 branches

Q2 2026

$580.0MAssets
$486.1MLoans
$405.9MDeposits
$63.9MEquity
Loan mix
92%RE $437.0M3%C&I $15.6M4%Consumer $21.2MQ2 2025Q2 2026
Deposit mix
87%Interest-bearing $353.9M13%Noninterest $52.0MQ2 2025Q2 2026

NIM

3.98%Q2 ’244.30%Q2 ’254.48%Q2 ’26+18%+29%

Non-interest income vs. expense

2.13%Q2 ’242.31%Q2 ’252.06%Q2 ’26+9%-12%

Market Position · Boston-Cambridge-Newton, MA-NH · 2026 SOD (annual) · 0.1% share · #54 of 100 inst. · $0.4B of $580.3B

2.5% Rockingham
0.3% Essex

Executive Summary

  • Earnings: ROA of 0.25%, up 56 bps year over year; NIM at 2.28%.
  • Asset quality: problem loans at 0.26% of loans (-18 bps YoY), with net charge-offs at 0.04%.
  • Capital: tier 1 leverage ratio of 11.89%, up 29 bps from a year ago.
  • Funding: loans stand at 119.76% of deposits as of Q2 2026.

Financial Results

Return on Assets (YTD, annualized)

0.25%+56 bps YoY

Net Interest Margin (YTD, annualized)

2.28%+52 bps YoY

Efficiency Ratio (YTD, annualized)

84.66%-3,716 bps YoY

Tier 1 Leverage Ratio

11.89%+29 bps YoY

Year to date, annualized, through each quarter.

MetricQ2 2025Q3 2025Q4 2025Q1 2026Q2 2026YoY ΔTrend
Earnings
Return on Assets-0.31%-0.15%-0.04%0.28%0.25%+56 bps
Return on Equity-2.81%-1.36%-0.39%2.50%2.30%+510 bps
Net Interest Margin1.76%1.83%1.91%2.26%2.28%+52 bps
Efficiency Ratio121.82%108.42%101.52%83.63%84.66%-3,716 bps
Non-Interest Burden2.17%2.00%1.94%1.87%1.90%-27 bps
Growth
Asset Growth (YoY)2.60%2.48%0.89%-0.87%1.46%-114 bps
Loan Growth (YoY)2.36%2.66%0.39%0.12%3.10%+74 bps
Deposit Growth (YoY)6.94%8.96%9.62%5.55%4.55%-239 bps
Asset Quality
Nonperforming Loans / Loans0.43%0.25%0.26%0.26%0.26%-18 bps
Net Charge-Offs / Loans0.02%0.08%0.06%0.02%0.04%+2 bps
Allowance / Loans0.63%0.63%0.62%0.64%0.63%+1 bps
Allowance Coverage of NPLs1.4x2.5x2.4x2.5x2.5x+1.0x
Capital
Tier 1 Leverage Ratio11.60%11.52%11.64%11.76%11.89%+29 bps
Total Risk-Based Capital18.96%18.64%18.77%19.25%18.90%-6 bps
Equity / Assets10.87%10.89%11.12%11.18%11.02%+15 bps
Liquidity & Funding
Loans / Deposits121.44%118.58%119.88%117.27%119.76%-168 bps
Liquid Assets / Assets1.81%1.32%0.54%1.85%1.09%-72 bps
CRE / Total Capitaln/a182.23%187.45%191.20%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

Salem Co-operative Bank

Salem, NH · Cert 27824 · Peer group: banks under $1B in assets in the Boston-Cambridge-Newton, MA-NH area (n=28-29)

SL · FDIC · 2 branches

Q2 2026

$580.0MAssets
$486.1MLoans
$405.9MDeposits
$63.9MEquity

Executive Summary

  • Strongest standing: total risk-based capital ratio outperforms 79% of banks under $1B in assets in the Boston-Cambridge-Newton, MA-NH area (rank 6 of 29).
  • Widest gap: net charge-offs / loans trails 93% of banks under $1B in assets in the Boston-Cambridge-Newton, MA-NH area (rank 28 of 29).
  • Overall: at or above the peer median on 3 of 9 directional measures.

Return on Assets

0.25%

Rank 20 of 29

Net Interest Margin

2.28%

Rank 24 of 29

Efficiency Ratio

84.66%

Rank 17 of 29

Equity / Assets

11.02%

Rank 9 of 29

Non-interest income vs. expense

$0.9M$11.8MINCOMEEXPENSE
Unfavorable gap of $10.9M · efficiency ratio beats 48% of banks under $1B in assets in the Boston-Cambridge-Newton, MA-NH area
Bank 84.66%Peer median 84.1%Q3 2024Q2 2026Shaded: peer 25th to 75th percentile
MetricYour BankPeer 25thPeer MedianPeer 75thStandingRankPeer Position
Earnings
Return on Assets0.25%0.23%0.39%0.50%Beats 31%20 / 29
Return on Equity2.29%2.29%3.46%5.78%Beats 24%22 / 29
Net Interest Margin2.28%2.42%2.71%3.01%Beats 17%24 / 29
Efficiency Ratio84.66%78.96%84.14%93.09%Beats 48%17 / 29
Asset Quality
Nonperforming Loans / Loans0.26%0.03%0.13%0.43%Beats 41%18 / 29
Net Charge-Offs / Loans0.03%n/a0.00%0.00%Beats 7%28 / 29
Capital
Tier 1 Capital Ratio18.04%11.54%13.48%16.99%Beats 76%7 / 29
Total Risk-Based Capital Ratio18.90%11.54%14.44%17.87%Beats 79%6 / 29
Equity / Assets11.02%8.70%9.70%11.05%Beats 69%9 / 29
Liquidity & Funding
Loans / Deposits119.76%84.22%92.17%95.56%96th pctl1 / 28
Loans / Assets83.80%69.12%73.70%81.02%83rd pctl5 / 29
Brokered Deposits / Depositsn/aNot reported for this institution