PackageTrendsPeer
Letter portraitLegal landscapeQuarterYTD

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 $0.0MQ2 2025Q2 2026
Deposit mix
92%Interest-bearing $530.5M8%Noninterest $46.0MQ2 2025Q2 2026

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%

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.

Financial Results

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

Year to date, annualized, through each quarter.

MetricQ2 2025Q3 2025Q4 2025Q1 2026Q2 2026YoY ΔTrend
Earnings
Return on Assets0.71%0.82%0.69%0.10%0.14%-57 bps
Return on Equity8.92%10.12%8.36%1.12%1.55%-736 bps
Net Interest Margin3.63%3.70%3.78%2.54%2.58%-106 bps
Efficiency Ratio75.26%73.58%73.67%92.25%93.09%+1,784 bps
Non-Interest Burden2.68%2.66%2.72%2.27%2.33%-34 bps
Growth
Asset Growth (YoY)4.26%1.01%1.05%-0.49%-1.06%-531 bps
Loan Growth (YoY)7.90%4.69%3.16%4.41%0.03%-787 bps
Deposit Growth (YoY)0.87%-0.44%0.16%-1.62%-2.26%-313 bps
Asset Quality
Nonperforming Loans / Loans0.09%0.00%0.00%0.00%0.04%-5 bps
Net Charge-Offs / Loans0.00%0.00%0.00%0.00%0.00%0 bps
Allowance / Loans1.22%1.25%1.26%1.22%1.20%-3 bps
Allowance Coverage of NPLs13.0xn/an/an/a27.1x+14.1x
Capital
Tier 1 Leverage Ratio9.49%9.71%9.88%10.04%9.97%+48 bps
Total Risk-Based Capital13.96%14.60%14.99%10.04%9.97%-399 bps
Equity / Assets8.05%8.51%8.86%8.82%8.70%+65 bps
Liquidity & Funding
Loans / Deposits90.43%91.18%89.78%92.89%92.54%+211 bps
Liquid Assets / Assets5.65%5.13%5.25%3.35%6.25%+61 bps
CRE / Total Capitaln/a463%440%447%n/an/a