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Millyard Bank, The

Nashua, NH · Cert 59176

State charter, non-member · FDIC · 2 branches

Q2 2026

$333.2MAssets
$263.6MLoans
$276.2MDeposits
$30.6MEquity
Loan mix
88%RE $221.0M12%C&I $31.2M0%Consumer $0.0MQ2 2025Q2 2026
Deposit mix
87%Interest-bearing $238.9M13%Noninterest $37.3MQ2 2025Q2 2026

NIM

5.14%Q2 ’245.18%Q2 ’255.57%Q2 ’26+12%+12%

Non-interest income vs. expense

2.38%Q2 ’242.25%Q2 ’252.06%Q2 ’26-6%-8%

Market Position · Manchester-Nashua, NH · 2026 SOD (annual) · 1.8% share · #10 of 24 inst. · $0.3B of $15.4B

Executive Summary

  • Earnings: ROA of 0.64%, up 48 bps year over year; NIM at 2.92%.
  • Asset quality: problem loans at 0.85% of loans (+85 bps YoY), with net charge-offs at 0.00%.
  • Capital: tier 1 leverage ratio of 9.70%, down 149 bps from a year ago.
  • Funding: loans stand at 95.43% of deposits as of Q2 2026.

Financial Results

Return on Assets (YTD, annualized)

0.64%+48 bps YoY

Net Interest Margin (YTD, annualized)

2.92%+32 bps YoY

Efficiency Ratio (YTD, annualized)

68.52%-1,444 bps YoY

Tier 1 Leverage Ratio

9.70%-149 bps YoY

Year to date, annualized, through each quarter.

MetricQ2 2025Q3 2025Q4 2025Q1 2026Q2 2026YoY ΔTrend
Earnings
Return on Assets0.17%0.27%0.38%0.63%0.64%+48 bps
Return on Equity1.56%2.60%3.67%6.37%6.69%+513 bps
Net Interest Margin2.60%2.48%2.55%3.00%2.92%+32 bps
Efficiency Ratio82.97%79.31%74.03%70.28%68.52%-1,444 bps
Non-Interest Burden2.15%1.95%1.87%2.09%1.98%-17 bps
Growth
Asset Growth (YoY)21.52%33.91%22.35%23.17%19.42%-210 bps
Loan Growth (YoY)25.19%32.88%32.28%31.12%25.79%+59 bps
Deposit Growth (YoY)20.55%32.40%24.01%27.87%20.55%0 bps
Asset Quality
Nonperforming Loans / Loans0.00%0.00%0.00%0.36%0.85%+85 bps
Net Charge-Offs / Loans0.00%0.00%0.00%0.00%0.00%0 bps
Allowance / Loans0.95%0.94%0.96%0.95%0.95%0 bps
Allowance Coverage of NPLsn/an/an/a2.7x1.1xn/a
Capital
Tier 1 Leverage Ratio11.19%10.22%10.10%10.00%9.70%-149 bps
Total Risk-Based Capital11.19%10.22%10.10%10.00%9.70%-149 bps
Equity / Assets10.25%9.51%10.18%9.62%9.18%-107 bps
Liquidity & Funding
Loans / Deposits91.47%88.11%97.91%97.26%95.43%+397 bps
Liquid Assets / Assets20.52%20.33%11.73%12.57%14.90%-561 bps
CRE / Total Capitaln/a532%562%577%n/an/a