Milford, MA · Cert 29835
State savings bank · OCC · 4 branches
Q2 2026
Market Position · Worcester, MA · 2026 SOD (annual) · 1.7% share · #20 of 26 inst. · $0.4B of $22.5B
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 | 0.23% | 0.19% | 0.13% | 0.20% | 0.27% | 0.33% | 0.29% | 0.33% | +13 bps | |
| Return on Equity | 2.03% | 1.72% | 1.18% | 1.83% | 2.54% | 3.00% | 2.67% | 3.01% | +119 bps | |
| Net Interest Margin | 2.27% | 2.21% | 2.17% | 2.30% | 2.34% | 2.34% | 2.45% | 2.66% | +36 bps | |
| Efficiency Ratio | 90.32% | 91.94% | 94.02% | 89.44% | 85.83% | 84.68% | 86.38% | 84.79% | -465 bps | |
| Non-Interest Burden | 2.01% | 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 / Loans | 0.35% | 0.21% | 0.10% | 0.23% | 0.39% | 0.40% | 0.44% | 0.40% | +17 bps | |
| Net Charge-Offs / Loans | 0.01% | 0.01% | 0.01% | 0.00% | 0.01% | 0.01% | 0.00% | 0.00% | 0 bps | |
| Allowance / Loans | 0.44% | 0.44% | 0.44% | 0.45% | 0.44% | 0.45% | 0.46% | 0.46% | +1 bps | |
| Allowance Coverage of NPLs | 1.3x | 2.1x | 4.6x | 1.9x | 1.1x | 1.1x | 1.0x | 1.1x | -0.8x | |
| Capital | ||||||||||
| Tier 1 Leverage Ratio | 11.55% | 11.25% | 11.13% | 11.22% | 11.11% | 11.05% | 11.13% | 11.94% | +72 bps | |
| Total Risk-Based Capital | 19.51% | 11.25% | 11.13% | 11.22% | 11.11% | 11.05% | 11.13% | 11.94% | +72 bps | |
| Equity / Assets | 11.23% | 10.74% | 10.93% | 10.80% | 10.81% | 10.88% | 10.82% | 10.92% | +12 bps | |
| Liquidity & Funding | ||||||||||
| Loans / Deposits | 119.38% | 113.52% | 111.35% | 114.99% | 112.00% | 107.71% | 104.24% | 103.22% | -1,177 bps | |
| Liquid Assets / Assets | 2.06% | 4.71% | 2.94% | 2.11% | 2.37% | 4.31% | 5.83% | 5.45% | +333 bps | |
| CRE / Total Capital | n/a | n/a | n/a | n/a | 81.24% | 72.79% | 74.29% | n/a | n/a | |