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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

3.86%Q2 ’244.28%Q2 ’254.52%Q2 ’26+12%+6%

Non-interest income vs. expense

2.51%Q2 ’242.45%Q2 ’252.60%Q2 ’26-12%+22%

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 1.98%, up 2 bps year over year; NIM at 4.41%.
  • Asset quality: problem loans at 1.76% of loans (+96 bps YoY), with net charge-offs at 0.00%.
  • 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 (quarter, annualized)

1.98%+2 bps YoY

Net Interest Margin (quarter, annualized)

4.41%+24 bps YoY

Efficiency Ratio (quarter, annualized)

50.16%+217 bps YoY

Tier 1 Leverage Ratio

12.11%+43 bps YoY

Discrete quarter, annualized.

MetricQ2 2025Q3 2025Q4 2025Q1 2026Q2 2026YoY ΔTrend
Earnings
Return on Assets1.96%1.69%1.94%2.46%1.98%+2 bps
Return on Equity16.67%14.11%16.21%20.56%16.19%-49 bps
Net Interest Margin4.16%4.18%4.26%4.18%4.41%+24 bps
Efficiency Ratio47.98%52.88%53.45%49.46%50.16%+217 bps
Non-Interest Burden1.48%1.75%1.83%1.55%1.80%+32 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%0.00%0.11%-0.02%0.00%-1 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