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Ledyard National Bank

Norwich, VT · Cert 33418 · Ledyard Financial Group Inc.

National charter · OCC · 11 branches

Q2 2026

Board Package

Performance Trends and Peer Comparison

Part 1Performance Trends, own institution only2
Part 2Peer Comparison, banks $1B-$10B in assets operating regionally3

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 $1B-$10B in assets operating regionally (n=176). 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

19

Q2 2024Q2 2026peer median (50)

Asset Quality

82

Q2 2024Q2 2026peer median (50)

Profitability

15

Q2 2024Q2 2026peer median (50)

Liquidity

68

Q2 2024Q2 2026peer median

Efficiency

6

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

Ledyard National Bank

Norwich, VT · Cert 33418 · Ledyard Financial Group Inc.

National charter · OCC · 11 branches

Q2 2026

$1.1BAssets
$736.4MLoans
$874.4MDeposits
$79.0MEquity
Loan mix
85%RE $584.0M12%C&I $83.3M3%Consumer $17.4MQ2 2025Q2 2026
Deposit mix
77%Interest-bearing $671.2M23%Noninterest $203.1MQ2 2025Q2 2026

NIM

4.28%Q2 ’244.49%Q2 ’254.68%Q2 ’26+19%+13%

Non-interest income vs. expense

3.18%Q2 ’243.33%Q2 ’253.68%Q2 ’26-1%+15%

Market Position · Manchester-Nashua, NH · 2026 SOD (annual) · 0.1% share · #23 of 24 inst. · $0.0B of $15.4B

15.0% Grafton
2.7% Merrimack
6.9% Windsor
0.1% Hillsborough

Executive Summary

  • Earnings: ROA of 0.71%, up 9 bps year over year; NIM at 2.68%.
  • Asset quality: problem loans at 0.31% of loans (+12 bps YoY), with net charge-offs at 0.00%.
  • Capital: tier 1 leverage ratio of 8.27%, up 5 bps from a year ago.
  • Funding: loans stand at 84.22% of deposits as of Q2 2026.

Financial Results

Return on Assets (YTD, annualized)

0.71%+9 bps YoY

Net Interest Margin (YTD, annualized)

2.68%+31 bps YoY

Efficiency Ratio (YTD, annualized)

79.18%+2 bps YoY

Tier 1 Leverage Ratio

8.27%+5 bps YoY

Year to date, annualized, through each quarter.

MetricQ2 2025Q3 2025Q4 2025Q1 2026Q2 2026YoY ΔTrend
Earnings
Return on Assets0.62%0.65%0.70%0.66%0.71%+9 bps
Return on Equity8.60%9.04%9.76%9.05%9.72%+112 bps
Net Interest Margin2.37%2.36%2.37%2.65%2.68%+31 bps
Efficiency Ratio79.16%79.61%78.63%79.47%79.18%+2 bps
Non-Interest Burden1.48%1.50%1.46%1.70%1.70%+22 bps
Growth
Asset Growth (YoY)9.53%9.63%11.52%7.00%7.84%-168 bps
Loan Growth (YoY)26.87%21.64%15.71%12.50%17.01%-986 bps
Deposit Growth (YoY)2.49%2.82%8.78%10.29%6.95%+446 bps
Asset Quality
Nonperforming Loans / Loans0.19%0.19%0.19%0.21%0.31%+12 bps
Net Charge-Offs / Loans0.00%0.00%0.00%0.01%0.00%0 bps
Allowance / Loans0.70%0.69%0.68%0.73%0.73%+3 bps
Allowance Coverage of NPLs3.7x3.6x3.6x3.5x2.4x-1.3x
Capital
Tier 1 Leverage Ratio8.22%8.05%8.10%8.18%8.27%+5 bps
Total Risk-Based Capital12.43%12.33%12.34%12.37%11.92%-51 bps
Equity / Assets7.04%7.08%7.18%7.38%7.37%+33 bps
Liquidity & Funding
Loans / Deposits76.98%76.17%76.00%77.67%84.22%+724 bps
Liquid Assets / Assets21.26%22.30%22.60%19.30%16.57%-469 bps
CRE / Total Capitaln/a340%339%351%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

Ledyard National Bank

Norwich, VT · Cert 33418 · Peer group: banks $1B-$10B in assets operating regionally (n=176) · Ledyard Financial Group Inc.

National charter · OCC · 11 branches

Q2 2026

$1.1BAssets
$736.4MLoans
$874.4MDeposits
$79.0MEquity

Executive Summary

  • Strongest standing: net charge-offs / loans outperforms 90% of banks $1B-$10B in assets operating regionally (rank 19 of 176).
  • Widest gap: equity / assets trails 95% of banks $1B-$10B in assets operating regionally (rank 167 of 176).
  • Overall: at or above the peer median on 2 of 9 directional measures.

Return on Assets

0.70%

Rank 154 of 176

Net Interest Margin

2.68%

Rank 167 of 176

Efficiency Ratio

79.18%

Rank 166 of 176

Equity / Assets

7.37%

Rank 167 of 176

Non-interest income vs. expense

$20.8M$38.8MINCOMEEXPENSE
Unfavorable gap of $18.0M · efficiency ratio beats 6% of banks $1B-$10B in assets operating regionally
Bank 79.18%Peer median 59.6%Q3 2025Q2 2026Shaded: peer 25th to 75th percentile
MetricYour BankPeer 25thPeer MedianPeer 75thStandingRankPeer Position
Earnings
Return on Assets0.70%0.93%1.26%1.54%Beats 13%154 / 176
Return on Equity9.51%9.26%11.89%14.46%Beats 27%128 / 176
Net Interest Margin2.68%3.25%3.59%3.93%Beats 5%167 / 176
Efficiency Ratio79.18%52.79%59.55%67.66%Beats 6%166 / 176
Asset Quality
Nonperforming Loans / Loans0.31%0.30%0.64%1.32%Beats 74%46 / 176
Net Charge-Offs / Loans0.00%0.01%0.04%0.10%Beats 90%19 / 176
Capital
Tier 1 Capital Ratio11.19%11.15%12.72%14.15%Beats 26%130 / 176
Total Risk-Based Capital Ratio11.92%11.81%13.63%15.33%Beats 27%128 / 176
Equity / Assets7.37%9.16%10.35%11.80%Beats 5%167 / 176
Liquidity & Funding
Loans / Deposits84.22%80.94%89.73%97.21%34th pctl116 / 176
Loans / Assets68.72%69.25%75.12%80.82%22nd pctl137 / 176
Brokered Deposits / Depositsn/aNot reported for this institution