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Eastern Federal Bank

Norwich, CT · Cert 28167

FDIC · 5 branches

Q2 2025

Board Package

Performance Trends and Peer Comparison

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

Basis

Quarter: Q2 2025, the quarter ended June 30, 2025, 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=528 to 576). 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

16

Q2 2024Q2 2025peer median (50)

Asset Quality

24

Q2 2024Q2 2025peer median (50)

Profitability

14

Q2 2024Q2 2025peer median (50)

Liquidity

30

Q2 2024Q2 2025peer median

Efficiency

9

Q2 2024Q2 2025peer 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

Eastern Federal Bank

Norwich, CT · Cert 28167

FDIC · 5 branches

Q2 2025

$262.6MAssets
$221.6MLoans
$234.9MDeposits
$18.5MEquity
Loan mix
94%RE $196.5M4%C&I $8.3M2%Consumer $4.7MQ2 2024Q2 2025
Deposit mix
78%Interest-bearing $182.1M22%Noninterest $52.9MQ2 2024Q2 2025

NIM

4.04%Q2 ’234.39%Q2 ’244.45%Q2 ’25-11%+4%

Non-interest income vs. expense

3.31%Q2 ’233.25%Q2 ’243.07%Q2 ’25-1%-6%

Market Position · Norwich-New London-Willimantic, CT · 2025 SOD (annual) · 2.8% share · #8 of 14 inst. · $0.2B of $6.5B

2.8% Southeastern Connecticut
3.5% Northeastern Connecticut

Executive Summary

  • Earnings: ROA of 0.09%, up 19 bps year over year; NIM at 2.75%.
  • Asset quality: problem loans at 1.60% of loans (-33 bps YoY), with net charge-offs at 0.05%.
  • Capital: tier 1 leverage ratio of 6.93%, down 12 bps from a year ago.
  • Funding: loans stand at 94.33% of deposits as of Q2 2025.

Financial Results

Return on Assets (YTD, annualized)

0.09%+19 bps YoY

Net Interest Margin (YTD, annualized)

2.75%+11 bps YoY

Efficiency Ratio (YTD, annualized)

96.21%-851 bps YoY

Tier 1 Leverage Ratio

6.93%-12 bps YoY

Year to date, annualized, through each quarter.

MetricQ2 2024Q3 2024Q4 2024Q1 2025Q2 2025YoY ΔTrend
Earnings
Return on Assets-0.10%-0.13%-0.17%-0.16%0.09%+19 bps
Return on Equity-1.46%-1.85%-2.36%-2.24%1.29%+275 bps
Net Interest Margin2.63%2.66%2.65%2.74%2.75%+11 bps
Efficiency Ratio104.72%107.21%108.21%106.28%96.21%-851 bps
Non-Interest Burden2.78%2.88%2.90%2.93%2.62%-16 bps
Growth
Asset Growth (YoY)-4.15%-4.59%-3.37%1.94%-1.66%+248 bps
Loan Growth (YoY)-5.38%-6.96%-6.25%-6.32%-4.64%+74 bps
Deposit Growth (YoY)0.11%-1.75%-1.30%4.15%-1.48%-158 bps
Asset Quality
Nonperforming Loans / Loans1.93%1.84%1.72%1.52%1.60%-33 bps
Net Charge-Offs / Loans0.00%0.00%0.00%0.01%0.05%+5 bps
Allowance / Loans0.74%0.70%0.71%0.72%0.69%-5 bps
Allowance Coverage of NPLs0.4x0.4x0.4x0.5x0.4x+0.1x
Capital
Tier 1 Leverage Ratio7.04%7.12%7.00%6.94%6.93%-12 bps
Total Risk-Based Capital11.46%11.54%11.45%11.56%11.48%+3 bps
Equity / Assets7.10%7.22%7.07%6.87%7.05%-5 bps
Liquidity & Funding
Loans / Deposits97.46%98.03%95.97%91.88%94.33%-313 bps
Liquid Assets / Assets6.60%6.44%7.96%11.48%9.17%+257 bps
CRE / Total Capitaln/an/an/an/an/an/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

Eastern Federal Bank

Norwich, CT · Cert 28167 · Peer group: banks under $1B in assets (n=528-576)

FDIC · 5 branches

Q2 2025

$262.6MAssets
$221.6MLoans
$234.9MDeposits
$18.5MEquity

Executive Summary

  • Strongest standing: net charge-offs / loans outperforms 35% of banks under $1B in assets (rank 343 of 528).
  • Widest gap: equity / assets trails 91% of banks under $1B in assets (rank 522 of 575).
  • Overall: at or above the peer median on 0 of 9 directional measures.

Return on Assets

0.09%

Rank 516 of 576

Net Interest Margin

2.75%

Rank 456 of 575

Efficiency Ratio

96.21%

Rank 522 of 575

Equity / Assets

7.05%

Rank 522 of 575

Non-interest income vs. expense

$1.2M$8.1MINCOMEEXPENSE
Unfavorable gap of $6.9M · efficiency ratio beats 9% of banks under $1B in assets
Bank 96.21%Peer median 70.1%Q4 2024Q2 2025Shaded: peer 25th to 75th percentile
MetricYour BankPeer 25thPeer MedianPeer 75thStandingRankPeer Position
Earnings
Return on Assets0.09%0.51%0.91%1.43%Beats 10%516 / 576
Return on Equity1.30%4.85%8.92%13.13%Beats 12%505 / 575
Net Interest Margin2.75%2.85%3.33%3.90%Beats 21%456 / 575
Efficiency Ratio96.21%58.61%70.08%82.08%Beats 9%522 / 575
Asset Quality
Nonperforming Loans / Loans1.60%0.06%0.34%0.93%Beats 13%460 / 528
Net Charge-Offs / Loans0.03%n/a0.01%0.06%Beats 35%343 / 528
Capital
Tier 1 Capital Ratio10.58%11.22%13.91%18.96%Beats 17%478 / 575
Total Risk-Based Capital Ratio11.48%11.76%14.45%19.92%Beats 22%449 / 575
Equity / Assets7.05%8.53%10.12%12.97%Beats 9%522 / 575
Liquidity & Funding
Loans / Deposits94.33%64.54%78.36%91.99%79th pctl114 / 538
Loans / Assets84.38%55.85%68.40%77.98%91st pctl49 / 528
Brokered Deposits / Depositsn/aNot reported for this institution