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Milford Federal Bank

Milford, MA · Cert 29835

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 assets3

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 (n=581 to 629). 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

38

Q2 2024Q2 2026peer median (50)

Asset Quality

62

Q2 2024Q2 2026peer median (50)

Profitability

14

Q2 2024Q2 2026peer median (50)

Liquidity

0

Q2 2024Q2 2026peer median

Efficiency

18

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

Milford Federal Bank

Milford, MA · Cert 29835

State savings bank · OCC · 4 branches

Q2 2026

$545.1MAssets
$466.1MLoans
$451.5MDeposits
$59.5MEquity
Loan mix
99%RE $458.6M0%C&I $0.0M1%Consumer $5.7MQ3 2024Q2 2026
Deposit mix
91%Interest-bearing $411.5M9%Noninterest $40.0MQ3 2024Q2 2026

Market Position · Worcester, MA · 2026 SOD (annual) · 1.7% share · #20 of 26 inst. · $0.4B of $22.5B

1.7% Worcester
0.2% Providence

Executive Summary

  • Earnings: ROA of 0.33%, up 13 bps year over year; NIM at 2.66%.
  • Asset quality: problem loans at 0.40% of loans (+17 bps YoY), with net charge-offs at 0.00%.
  • Capital: tier 1 leverage ratio of 11.94%, up 72 bps from a year ago.
  • Funding: loans stand at 103.22% of deposits as of Q2 2026.

Return on Assets (YTD, annualized)

0.33%+13 bps YoY

Net Interest Margin (YTD, annualized)

2.66%+36 bps YoY

Efficiency Ratio (YTD, annualized)

84.79%-465 bps YoY

Tier 1 Leverage Ratio

11.94%+72 bps YoY

NIM

4.01%Q2 ’244.27%Q2 ’254.68%Q2 ’26+0%+15%

Non-interest income vs. expense

2.46%Q2 ’242.48%Q2 ’252.57%Q2 ’26-2%+9%

Year to date, annualized, through each quarter.

MetricQ3 2024Q4 2024Q1 2025Q2 2025Q3 2025Q4 2025Q1 2026Q2 2026YoY ΔTrend
Earnings
Return on Assets0.23%0.19%0.13%0.20%0.27%0.33%0.29%0.33%+13 bps
Return on Equity2.03%1.72%1.18%1.83%2.54%3.00%2.67%3.01%+119 bps
Net Interest Margin2.27%2.21%2.17%2.30%2.34%2.34%2.45%2.66%+36 bps
Efficiency Ratio90.32%91.94%94.02%89.44%85.83%84.68%86.38%84.79%-465 bps
Non-Interest Burden2.01%2.00%2.01%2.01%1.94%1.91%2.07%2.20%+19 bps
Growth
Asset Growth (YoY)2.86%6.12%2.37%5.35%6.07%3.24%5.04%3.16%-218 bps
Loan Growth (YoY)2.55%2.75%3.74%6.00%6.62%3.97%2.35%0.51%-549 bps
Deposit Growth (YoY)-0.64%6.49%8.64%7.86%13.64%9.58%9.33%11.97%+411 bps
Asset Quality
Nonperforming Loans / Loans0.35%0.21%0.10%0.23%0.39%0.40%0.44%0.40%+17 bps
Net Charge-Offs / Loans0.01%0.01%0.01%0.00%0.01%0.01%0.00%0.00%0 bps
Allowance / Loans0.44%0.44%0.44%0.45%0.44%0.45%0.46%0.46%+1 bps
Allowance Coverage of NPLs1.3x2.1x4.6x1.9x1.1x1.1x1.0x1.1x-0.8x
Capital
Tier 1 Leverage Ratio11.55%11.25%11.13%11.22%11.11%11.05%11.13%11.94%+72 bps
Total Risk-Based Capital19.51%11.25%11.13%11.22%11.11%11.05%11.13%11.94%+72 bps
Equity / Assets11.23%10.74%10.93%10.80%10.81%10.88%10.82%10.92%+12 bps
Liquidity & Funding
Loans / Deposits119.38%113.52%111.35%114.99%112.00%107.71%104.24%103.22%-1,177 bps
Liquid Assets / Assets2.06%4.71%2.94%2.11%2.37%4.31%5.83%5.45%+333 bps
CRE / Total Capitaln/an/an/an/a81.24%72.79%74.29%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

Milford Federal Bank

Milford, MA · Cert 29835 · Peer group: banks under $1B in assets (n=581-629)

State savings bank · OCC · 4 branches

Q2 2026

$545.1MAssets
$466.1MLoans
$451.5MDeposits
$59.5MEquity

Executive Summary

  • Strongest standing: net charge-offs / loans outperforms 70% of banks under $1B in assets (rank 177 of 581).
  • Widest gap: net interest margin trails 87% of banks under $1B in assets (rank 549 of 629).
  • Overall: at or above the peer median on 3 of 9 directional measures.

Return on Assets

0.33%

Rank 542 of 629

Net Interest Margin

2.66%

Rank 549 of 629

Efficiency Ratio

84.79%

Rank 516 of 629

Equity / Assets

10.92%

Rank 296 of 629

Non-interest income vs. expense

$1.9M$13.1MINCOMEEXPENSE
Unfavorable gap of $11.2M · efficiency ratio beats 18% of banks under $1B in assets
Bank 84.79%Peer median 67.8%Q3 2024Q2 2026Shaded: peer 25th to 75th percentile
MetricYour BankPeer 25thPeer MedianPeer 75thStandingRank8-Qtr TrendPeer Position
Earnings
Return on Assets0.33%0.60%1.01%1.45%Beats 14%542 / 629
Return on Equity2.99%5.38%9.30%13.28%Beats 15%533 / 629
Net Interest Margin2.66%3.03%3.54%4.05%Beats 13%549 / 629
Efficiency Ratio84.79%58.35%67.79%79.08%Beats 18%516 / 629
Asset Quality
Nonperforming Loans / Loans0.40%0.09%0.46%1.20%Beats 53%275 / 581
Net Charge-Offs / Loans0.00%n/a0.01%0.06%Beats 70%177 / 581
Capital
Tier 1 Capital Ratio11.94%11.24%13.84%18.77%Beats 33%424 / 629
Total Risk-Based Capital Ratio11.94%11.58%14.43%19.66%Beats 28%453 / 629
Equity / Assets10.92%9.09%10.65%13.80%Beats 53%296 / 629
Liquidity & Funding
Loans / Deposits103.22%67.24%80.90%93.48%90th pctl60 / 594
Loans / Assets85.51%53.31%67.71%78.15%93rd pctl43 / 629
Brokered Deposits / Depositsn/aNot reported for this institution