Somerville, MA · Cert 28368 · Middlesex Federal MHC
State savings bank · OCC · 4 branches
Q2 2026
Market Position · Boston-Cambridge-Newton, MA-NH · 2026 SOD (annual) · 0.1% share · #48 of 100 inst. · $0.6B of $580.3B
Return on Assets (YTD, annualized)
Net Interest Margin (YTD, annualized)
Efficiency Ratio (YTD, annualized)
Tier 1 Leverage Ratio
Year to date, annualized, through each quarter.
| Metric | Q3 2024 | Q4 2024 | Q1 2025 | Q2 2025 | Q3 2025 | Q4 2025 | Q1 2026 | Q2 2026 | YoY Δ | Trend |
|---|---|---|---|---|---|---|---|---|---|---|
| Earnings | ||||||||||
| Return on Assets | 0.66% | 0.67% | 0.75% | 0.71% | 0.82% | 0.69% | 0.10% | 0.14% | -57 bps | |
| Return on Equity | 9.21% | 9.22% | 9.53% | 8.92% | 10.12% | 8.36% | 1.12% | 1.55% | -736 bps | |
| Net Interest Margin | 3.54% | 3.54% | 3.65% | 3.63% | 3.70% | 3.78% | 2.54% | 2.58% | -106 bps | |
| Efficiency Ratio | 76.53% | 75.60% | 76.78% | 75.26% | 73.58% | 73.67% | 92.25% | 93.09% | +1,784 bps | |
| Non-Interest Burden | 2.65% | 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 / Loans | 0.27% | 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 / Loans | 1.19% | 1.19% | 1.19% | 1.22% | 1.25% | 1.26% | 1.22% | 1.20% | -3 bps | |
| Allowance Coverage of NPLs | 4.4x | 20.1x | 23.5x | 13.0x | n/a | n/a | n/a | 27.1x | +14.1x | |
| Capital | ||||||||||
| Tier 1 Leverage Ratio | 9.12% | 9.24% | 9.49% | 9.49% | 9.71% | 9.88% | 10.04% | 9.97% | +48 bps | |
| Total Risk-Based Capital | 13.98% | 14.30% | 14.20% | 13.96% | 14.60% | 14.99% | 10.04% | 9.97% | -399 bps | |
| Equity / Assets | 7.58% | 7.82% | 8.00% | 8.05% | 8.51% | 8.86% | 8.82% | 8.70% | +65 bps | |
| Liquidity & Funding | ||||||||||
| Loans / Deposits | 86.71% | 87.17% | 87.53% | 90.43% | 91.18% | 89.78% | 92.89% | 92.54% | +211 bps | |
| Liquid Assets / Assets | 7.42% | 5.70% | 6.21% | 5.65% | 5.13% | 5.25% | 3.35% | 6.25% | +61 bps | |
| CRE / Total Capital | n/a | n/a | n/a | n/a | 463% | 440% | 447% | n/a | n/a | |