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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