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River Works

Lynn, MA · Charter 66346

NCUA · 5 branches

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

17

Q2 2024Q2 2026peer median (50)

Asset Quality

35

Q2 2024Q2 2026peer median (50)

Profitability

50

Q2 2024Q2 2026peer median (50)

Liquidity

0

Q2 2024Q2 2026peer median

Efficiency

35

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 2026-10-10

River Works

Lynn, MA · Charter 66346

NCUA · 5 branches

Q2 2026

$192.9MAssets
$162.4MLoans
$173.6MShares
$17.7MNet Worth

Executive Summary

  • Earnings: ROA of 0.54%, up 22 bps year over year; NIM at 3.05%.
  • Asset quality: problem loans at 0.82% of loans (+47 bps YoY).
  • Capital: net worth / assets of 9.16%, up 15 bps from a year ago.
  • Funding: loans stand at 93.54% of shares as of Q2 2026.

Return on Assets (YTD, annualized)

0.54%+22 bps YoY

Net Interest Margin (YTD, annualized)

3.05%+30 bps YoY

Efficiency Ratio (YTD, annualized)

84.46%-527 bps YoY

Net Worth / Assets

9.16%+15 bps YoY

Year to date, annualized, through each quarter.

MetricQ3 2024Q4 2024Q1 2025Q2 2025Q3 2025Q4 2025Q1 2026Q2 2026YoY ΔTrend
Earnings
Return on Assets0.27%0.28%0.47%0.32%0.35%0.35%0.73%0.54%+22 bps
Return on Equity2.52%2.60%4.75%3.54%3.86%3.73%7.92%5.87%+234 bps
Net Interest Margin2.86%2.95%2.88%2.75%2.81%2.88%3.00%3.05%+30 bps
Efficiency Ratio92.26%91.91%87.45%89.73%88.48%88.29%79.97%84.46%-527 bps
Growth
Asset Growth (YoY)22.61%22.53%30.29%29.70%22.84%22.15%11.44%3.36%-2,634 bps
Loan Growth (YoY)12.07%21.36%28.11%38.09%25.75%18.28%13.08%12.53%-2,556 bps
Share Growth (YoY)27.58%27.46%34.50%34.34%23.92%24.55%13.84%2.47%-3,187 bps
Asset Quality
Delinquent Loans / Loans0.76%1.14%0.56%0.35%0.89%0.59%0.56%0.82%+47 bps
Net Charge-Offs / Loansn/an/an/an/an/an/an/an/an/an/a
Allowance / Loans0.00%0.00%0.00%0.00%0.00%0.00%0.00%0.00%0 bps
Capital
Risk-Based Capital10.86%10.90%9.81%9.00%9.17%9.27%9.22%9.16%+15 bps
Net Worth / Assets10.86%10.90%9.81%9.00%9.17%9.27%9.22%9.16%+15 bps
Liquidity & Funding
Loans / Shares85.06%93.23%86.66%85.18%86.32%88.53%86.09%93.54%+836 bps
Liquid Assets / Assets0.00%0.00%0.00%0.00%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 2026-10-10

River Works

Lynn, MA · Charter 66346 · Peer group: credit unions under $1B in assets in the Boston-Cambridge-Newton, MA-NH area (n=66)

NCUA · 5 branches

Q2 2026

$192.9MAssets
$162.4MLoans
$173.6MShares
$17.7MNet Worth

Executive Summary

  • Strongest standing: return on equity outperforms 68% of credit unions under $1B in assets in the Boston-Cambridge-Newton, MA-NH area (rank 21 of 66).
  • Widest gap: equity / assets trails 83% of credit unions under $1B in assets in the Boston-Cambridge-Newton, MA-NH area (rank 55 of 66).
  • Overall: at or above the peer median on 1 of 7 directional measures.

Return on Assets

0.54%

Rank 38 of 66

Net Interest Margin

3.05%

Rank 40 of 66

Efficiency Ratio

84.45%

Rank 44 of 66

Equity / Assets

9.15%

Rank 55 of 66

MetricYour Credit UnionPeer 25thPeer MedianPeer 75thStandingRank8-Qtr TrendPeer Position
Earnings
Return on Assets0.54%0.38%0.59%1.00%Beats 42%38 / 66
Return on Equity5.88%2.62%4.89%6.39%Beats 68%21 / 66
Net Interest Margin3.05%2.83%3.27%3.84%Beats 39%40 / 66
Efficiency Ratio84.45%68.43%80.15%87.18%Beats 35%44 / 66
Asset Quality
Nonperforming Loans / Loans0.82%0.08%0.48%1.18%Beats 35%44 / 66
Net Charge-Offs / Loansn/aNot reported for this institution
Capital
Tier 1 Capital Ratio9.15%9.84%13.79%17.21%Beats 17%55 / 66
Total Risk-Based Capital Ration/aNot reported for this institution
Equity / Assets9.15%9.84%13.79%17.21%Beats 17%55 / 66
Liquidity & Funding
Loans / Deposits93.54%50.73%71.54%81.61%89th pctl7 / 66
Loans / Assets84.18%40.53%57.05%68.92%97th pctl2 / 66
Brokered Deposits / Depositsn/aNot reported for this institution