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Somerville Municipal

Somerville, MA · Charter 4524

NCUA · 1 branch

Q2 2026

Board Package

Performance Trends and Peer Comparison

Part 1Performance Trends, own institution only2
Part 2Peer Comparison, credit unions under $1B in assets in the Boston-Cambridge-Newton, MA-NH area3

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

Credit unions under $1B in assets in the Boston-Cambridge-Newton, MA-NH area (n=66). 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

79

Q2 2024Q2 2026peer median (50)

Asset Quality

50

Q2 2024Q2 2026peer median (50)

Profitability

69

Q2 2024Q2 2026peer median (50)

Liquidity

71

Q2 2024Q2 2026peer median

Efficiency

73

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: NCUA 5300 Call Report, 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

Somerville Municipal

Somerville, MA · Charter 4524

NCUA · 1 branch

Q2 2026

$49.0MAssets
$24.0MLoans
$39.5MShares
$9.4MNet Worth

NIM

NIM decomposition not available for credit unions

Non-interest income vs. expense

Non-interest trend not available for credit unions

Executive Summary

  • Earnings: ROA of 1.12%, down 28 bps year over year; NIM at 3.46%.
  • Asset quality: problem loans at 0.48% of loans (+48 bps YoY).
  • Capital: net worth / assets of 19.08%, up 181 bps from a year ago.
  • Funding: loans stand at 60.65% of shares as of Q2 2026.

Financial Results

Return on Assets (YTD, annualized)

1.12%-28 bps YoY

Net Interest Margin (YTD, annualized)

3.46%-3 bps YoY

Efficiency Ratio (YTD, annualized)

69.75%+797 bps YoY

Net Worth / Assets

19.08%+181 bps YoY

Year to date, annualized, through each quarter.

MetricQ2 2025Q3 2025Q4 2025Q1 2026Q2 2026YoY ΔTrend
Earnings
Return on Assets1.40%1.43%1.22%1.16%1.12%-28 bps
Return on Equity8.09%8.22%6.82%6.38%5.85%-224 bps
Net Interest Margin3.49%3.47%3.51%3.34%3.46%-3 bps
Efficiency Ratio61.78%60.96%67.32%66.79%69.75%+797 bps
Growth
Asset Growth (YoY)3.90%5.25%2.62%-1.35%-4.00%-790 bps
Loan Growth (YoY)-4.30%-2.37%-2.94%-4.38%-4.75%-45 bps
Share Growth (YoY)3.24%5.02%1.65%-3.02%-6.01%-925 bps
Asset Quality
Delinquent Loans / Loans0.00%0.34%0.36%0.47%0.48%+48 bps
Net Charge-Offs / Loansn/an/an/an/an/an/an/a
Allowance / Loans0.00%0.00%0.00%0.00%0.00%0 bps
Capital
Risk-Based Capital17.27%17.43%17.85%18.16%19.08%+181 bps
Net Worth / Assets17.27%17.43%17.85%18.16%19.08%+181 bps
Liquidity & Funding
Loans / Shares59.85%58.85%59.21%58.20%60.65%+80 bps
Liquid Assets / Assets0.00%0.00%0.00%0.00%0.00%0 bps

Source: NCUA 5300 Call Report, 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

Somerville Municipal

Somerville, MA · Charter 4524 · Peer group: credit unions under $1B in assets in the Boston-Cambridge-Newton, MA-NH area (n=66)

NCUA · 1 branch

Q2 2026

$49.0MAssets
$24.0MLoans
$39.5MShares
$9.4MNet Worth

Executive Summary

  • Strongest standing: return on assets outperforms 80% of credit unions under $1B in assets in the Boston-Cambridge-Newton, MA-NH area (rank 13 of 66).
  • Widest gap: nonperforming loans / loans trails 50% of credit unions under $1B in assets in the Boston-Cambridge-Newton, MA-NH area (rank 34 of 66).
  • Overall: at or above the peer median on 7 of 7 directional measures.

Return on Assets

1.12%

Rank 13 of 66

Net Interest Margin

3.46%

Rank 27 of 66

Efficiency Ratio

69.82%

Rank 19 of 66

Equity / Assets

19.08%

Rank 14 of 66

MetricYour Credit UnionPeer 25thPeer MedianPeer 75thStandingRankPeer Position
Earnings
Return on Assets1.12%0.38%0.59%1.00%Beats 80%13 / 66
Return on Equity5.86%2.62%4.89%6.39%Beats 67%22 / 66
Net Interest Margin3.46%2.83%3.27%3.84%Beats 59%27 / 66
Efficiency Ratio69.82%68.43%80.15%87.18%Beats 73%19 / 66
Asset Quality
Nonperforming Loans / Loans0.48%0.08%0.48%1.18%Beats 50%34 / 66
Net Charge-Offs / Loansn/aNot reported for this institution
Capital
Tier 1 Capital Ratio19.08%9.84%13.79%17.21%Beats 79%14 / 66
Total Risk-Based Capital Ration/aNot reported for this institution
Equity / Assets19.08%9.84%13.79%17.21%Beats 79%14 / 66
Liquidity & Funding
Loans / Deposits60.65%50.73%71.54%81.61%38th pctl41 / 66
Loans / Assets48.90%40.53%57.05%68.92%36th pctl42 / 66
Brokered Deposits / Depositsn/aNot reported for this institution