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Middlesex Federal Savings, F.A.

Somerville, MA · Cert 28368 · Middlesex Federal MHC

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 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

15

Q2 2024Q2 2026peer median (50)

Asset Quality

50

Q2 2024Q2 2026peer median (50)

Profitability

25

Q2 2024Q2 2026peer median (50)

Liquidity

96

Q2 2024Q2 2026peer median

Efficiency

28

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

Middlesex Federal Savings, F.A.

Somerville, MA · Cert 28368 · Middlesex Federal MHC

State savings bank · OCC · 4 branches

Q2 2026

$654.4MAssets
$533.5MLoans
$576.5MDeposits
$56.9MEquity
Loan mix
97%RE $520.7M3%C&I $14.0M0%Consumer $0.0MQ3 2024Q2 2026
Deposit mix
92%Interest-bearing $530.5M8%Noninterest $46.0MQ3 2024Q2 2026

Market Position · Boston-Cambridge-Newton, MA-NH · 2026 SOD (annual) · 0.1% share · #48 of 100 inst. · $0.6B of $580.3B

Executive Summary

  • Earnings: ROA of 0.14%, down 57 bps year over year; NIM at 2.58%.
  • Asset quality: problem loans at 0.04% of loans (-5 bps YoY), with net charge-offs at 0.00%.
  • Capital: tier 1 leverage ratio of 9.97%, up 48 bps from a year ago.
  • Funding: loans stand at 92.54% of deposits as of Q2 2026.

Return on Assets (YTD, annualized)

0.14%-57 bps YoY

Net Interest Margin (YTD, annualized)

2.58%-106 bps YoY

Efficiency Ratio (YTD, annualized)

93.09%+1,784 bps YoY

Tier 1 Leverage Ratio

9.97%+48 bps YoY

NIM

4.26%Q2 ’244.42%Q2 ’254.72%Q2 ’26+3%-29%

Non-interest income vs. expense

2.88%Q2 ’242.91%Q2 ’253.26%Q2 ’26+2%-13%

Year to date, annualized, through each quarter.

MetricQ3 2024Q4 2024Q1 2025Q2 2025Q3 2025Q4 2025Q1 2026Q2 2026YoY ΔTrend
Earnings
Return on Assets0.66%0.67%0.75%0.71%0.82%0.69%0.10%0.14%-57 bps
Return on Equity9.21%9.22%9.53%8.92%10.12%8.36%1.12%1.55%-736 bps
Net Interest Margin3.54%3.54%3.65%3.63%3.70%3.78%2.54%2.58%-106 bps
Efficiency Ratio76.53%75.60%76.78%75.26%73.58%73.67%92.25%93.09%+1,784 bps
Non-Interest Burden2.65%2.61%2.75%2.68%2.66%2.72%2.27%2.33%-34 bps
Growth
Asset Growth (YoY)-0.19%-1.73%0.22%4.26%1.01%1.05%-0.49%-1.06%-531 bps
Loan Growth (YoY)4.11%4.36%5.24%7.90%4.69%3.16%4.41%0.03%-787 bps
Deposit Growth (YoY)-3.36%-3.07%-1.60%0.87%-0.44%0.16%-1.62%-2.26%-313 bps
Asset Quality
Nonperforming Loans / Loans0.27%0.06%0.05%0.09%0.00%0.00%0.00%0.04%-5 bps
Net Charge-Offs / Loans-0.01%0.00%0.00%0.00%0.00%0.00%0.00%0.00%0 bps
Allowance / Loans1.19%1.19%1.19%1.22%1.25%1.26%1.22%1.20%-3 bps
Allowance Coverage of NPLs4.4x20.1x23.5x13.0xn/an/an/a27.1x+14.1x
Capital
Tier 1 Leverage Ratio9.12%9.24%9.49%9.49%9.71%9.88%10.04%9.97%+48 bps
Total Risk-Based Capital13.98%14.30%14.20%13.96%14.60%14.99%10.04%9.97%-399 bps
Equity / Assets7.58%7.82%8.00%8.05%8.51%8.86%8.82%8.70%+65 bps
Liquidity & Funding
Loans / Deposits86.71%87.17%87.53%90.43%91.18%89.78%92.89%92.54%+211 bps
Liquid Assets / Assets7.42%5.70%6.21%5.65%5.13%5.25%3.35%6.25%+61 bps
CRE / Total Capitaln/an/an/an/a463%440%447%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

Middlesex Federal Savings, F.A.

Somerville, MA · Cert 28368 · Peer group: banks under $1B in assets in the Boston-Cambridge-Newton, MA-NH area (n=28-29) · Middlesex Federal MHC

State savings bank · OCC · 4 branches

Q2 2026

$654.4MAssets
$533.5MLoans
$576.5MDeposits
$56.9MEquity

Executive Summary

  • Strongest standing: nonperforming loans / loans outperforms 66% of banks under $1B in assets in the Boston-Cambridge-Newton, MA-NH area (rank 11 of 29).
  • Widest gap: total risk-based capital ratio trails 90% of banks under $1B in assets in the Boston-Cambridge-Newton, MA-NH area (rank 26 of 29).
  • Overall: at or above the peer median on 1 of 9 directional measures.

Return on Assets

0.13%

Rank 24 of 29

Net Interest Margin

2.58%

Rank 18 of 29

Efficiency Ratio

93.09%

Rank 22 of 29

Equity / Assets

8.70%

Rank 22 of 29

Non-interest income vs. expense

$6.0M$21.1MINCOMEEXPENSE
Unfavorable gap of $15.1M · efficiency ratio beats 28% of banks under $1B in assets in the Boston-Cambridge-Newton, MA-NH area
Bank 93.09%Peer median 84.1%Q3 2024Q2 2026Shaded: peer 25th to 75th percentile
MetricYour BankPeer 25thPeer MedianPeer 75thStandingRank8-Qtr TrendPeer Position
Earnings
Return on Assets0.13%0.23%0.39%0.50%Beats 17%24 / 29
Return on Equity1.55%2.29%3.46%5.78%Beats 21%23 / 29
Net Interest Margin2.58%2.42%2.71%3.01%Beats 38%18 / 29
Efficiency Ratio93.09%78.96%84.14%93.09%Beats 28%22 / 29
Asset Quality
Nonperforming Loans / Loans0.04%0.03%0.13%0.43%Beats 66%11 / 29
Net Charge-Offs / Loans0.00%n/a0.00%0.00%Beats 34%21 / 29
Capital
Tier 1 Capital Ratio9.97%11.54%13.48%16.99%Beats 10%26 / 29
Total Risk-Based Capital Ratio9.97%11.54%14.44%17.87%Beats 10%26 / 29
Equity / Assets8.70%8.70%9.70%11.05%Beats 24%22 / 29
Liquidity & Funding
Loans / Deposits92.54%84.22%92.17%95.56%57th pctl12 / 28
Loans / Assets81.53%69.12%73.70%81.02%76th pctl7 / 29
Brokered Deposits / Depositsn/aNot reported for this institution