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Bank of Millbrook

Millbrook, NY · Cert 618 · Millbrook Bank System Inc.

State charter, Fed member · FED · 5 branches

Q2 2026

$311.7MAssets
$138.3MLoans
$269.8MDeposits
$39.0MEquity
Loan mix
91%RE $122.0M6%C&I $7.4M3%Consumer $4.1MQ2 2025Q2 2026
Deposit mix
49%Interest-bearing $131.2M51%Noninterest $138.6MQ2 2025Q2 2026

NIM

3.66%Q2 ’244.17%Q2 ’254.43%Q2 ’26+15%+7%

Non-interest income vs. expense

2.47%Q2 ’242.45%Q2 ’252.59%Q2 ’26-9%+11%

Market Position · Kiryas Joel-Poughkeepsie-Newburgh, NY · 2026 SOD (annual) · 1.4% share · #16 of 26 inst. · $0.3B of $19.5B

Executive Summary

  • Earnings: ROA of 2.23%, up 38 bps year over year; NIM at 4.31%.
  • Asset quality: problem loans at 1.76% of loans (+96 bps YoY), with net recoveries of 0.01%.
  • Capital: tier 1 leverage ratio of 12.11%, up 43 bps from a year ago.
  • Funding: loans stand at 51.28% of deposits as of Q2 2026.

Financial Results

Return on Assets (YTD, annualized)

2.23%+38 bps YoY

Net Interest Margin (YTD, annualized)

4.31%+27 bps YoY

Efficiency Ratio (YTD, annualized)

49.81%+44 bps YoY

Tier 1 Leverage Ratio

12.11%+43 bps YoY

Year to date, annualized, through each quarter.

MetricQ2 2025Q3 2025Q4 2025Q1 2026Q2 2026YoY ΔTrend
Earnings
Return on Assets1.86%1.79%1.84%2.46%2.23%+38 bps
Return on Equity16.15%15.39%15.67%20.56%18.38%+224 bps
Net Interest Margin4.05%4.06%3.89%4.18%4.31%+27 bps
Efficiency Ratio49.36%50.57%51.35%49.46%49.81%+44 bps
Non-Interest Burden1.51%1.58%1.56%1.55%1.68%+17 bps
Growth
Asset Growth (YoY)-0.80%2.96%11.15%13.48%9.35%+1,015 bps
Loan Growth (YoY)13.64%10.92%10.05%2.75%2.96%-1,069 bps
Deposit Growth (YoY)-3.40%1.31%9.54%12.64%8.34%+1,174 bps
Asset Quality
Nonperforming Loans / Loans0.81%1.03%1.17%0.81%1.76%+96 bps
Net Charge-Offs / Loans0.01%0.01%0.03%-0.02%-0.01%-2 bps
Allowance / Loans1.78%1.83%1.85%1.92%1.91%+13 bps
Allowance Coverage of NPLs2.2x1.8x1.6x2.4x1.1x-1.1x
Capital
Tier 1 Leverage Ratio11.69%11.99%11.46%11.62%12.11%+43 bps
Total Risk-Based Capital23.04%24.96%24.67%26.52%25.58%+253 bps
Equity / Assets11.98%11.96%12.02%11.94%12.51%+53 bps
Liquidity & Funding
Loans / Deposits53.96%49.44%50.79%47.73%51.28%-268 bps
Liquid Assets / Assets13.01%18.74%15.90%18.34%15.70%+269 bps
CRE / Total Capitaln/a109.85%110.92%104.19%n/an/a