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Lowell, MA · Charter 66365

NCUA · 6 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

9

Q2 2024Q2 2026peer median (50)

Asset Quality

17

Q2 2024Q2 2026peer median (50)

Profitability

5

Q2 2024Q2 2026peer median (50)

Liquidity

83

Q2 2024Q2 2026peer median

Efficiency

3

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

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Lowell, MA · Charter 66365

NCUA · 6 branches

Q2 2026

$650.9MAssets
$416.6MLoans
$556.8MShares
$56.4MNet 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 -0.45%, up 60 bps year over year; NIM at 2.72%.
  • Asset quality: problem loans at 1.46% of loans (+71 bps YoY).
  • Capital: net worth / assets of 8.67%, down 54 bps from a year ago.
  • Funding: loans stand at 74.82% of shares as of Q2 2026.

Financial Results

Return on Assets (YTD, annualized)

-0.45%+60 bps YoY

Net Interest Margin (YTD, annualized)

2.72%+57 bps YoY

Efficiency Ratio (YTD, annualized)

108.80%-2,584 bps YoY

Net Worth / Assets

8.67%-54 bps YoY

Year to date, annualized, through each quarter.

MetricQ2 2025Q3 2025Q4 2025Q1 2026Q2 2026YoY ΔTrend
Earnings
Return on Assets-1.05%-0.80%-0.80%-0.54%-0.45%+60 bps
Return on Equity-11.37%-8.73%-8.95%-6.11%-5.22%+615 bps
Net Interest Margin2.15%2.24%2.31%2.67%2.72%+57 bps
Efficiency Ratio134.64%118.92%119.08%111.42%108.80%-2,584 bps
Growth
Asset Growth (YoY)-4.35%-4.74%-3.11%-2.39%-0.17%+418 bps
Loan Growth (YoY)-2.59%-0.50%1.97%5.35%8.25%+1,084 bps
Share Growth (YoY)1.00%0.03%0.09%-1.17%-1.61%-261 bps
Asset Quality
Delinquent Loans / Loans0.75%1.71%1.89%1.64%1.46%+71 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 Capital9.22%9.21%8.95%8.89%8.67%-54 bps
Net Worth / Assets9.22%9.21%8.95%8.89%8.67%-54 bps
Liquidity & Funding
Loans / Shares68.00%70.47%71.82%72.13%74.82%+681 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

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Lowell, MA · Charter 66365 · Peer group: credit unions under $1B in assets in the Boston-Cambridge-Newton, MA-NH area (n=66)

NCUA · 6 branches

Q2 2026

$650.9MAssets
$416.6MLoans
$556.8MShares
$56.4MNet Worth

Executive Summary

  • Strongest standing: nonperforming loans / loans outperforms 17% of credit unions under $1B in assets in the Boston-Cambridge-Newton, MA-NH area (rank 56 of 66).
  • Widest gap: return on equity trails 100% of credit unions under $1B in assets in the Boston-Cambridge-Newton, MA-NH area (rank 66 of 66).
  • Overall: at or above the peer median on 0 of 7 directional measures.

Return on Assets

-0.45%

Rank 65 of 66

Net Interest Margin

2.72%

Rank 57 of 66

Efficiency Ratio

108.80%

Rank 65 of 66

Equity / Assets

8.67%

Rank 60 of 66

MetricYour Credit UnionPeer 25thPeer MedianPeer 75thStandingRankPeer Position
Earnings
Return on Assets-0.45%0.38%0.59%1.00%Beats 2%65 / 66
Return on Equity-5.22%2.62%4.89%6.39%Beats 0%66 / 66
Net Interest Margin2.72%2.83%3.27%3.84%Beats 14%57 / 66
Efficiency Ratio108.80%68.43%80.15%87.18%Beats 3%65 / 66
Asset Quality
Nonperforming Loans / Loans1.46%0.08%0.48%1.18%Beats 17%56 / 66
Net Charge-Offs / Loansn/aNot reported for this institution
Capital
Tier 1 Capital Ratio8.67%9.84%13.79%17.21%Beats 9%60 / 66
Total Risk-Based Capital Ration/aNot reported for this institution
Equity / Assets8.67%9.84%13.79%17.21%Beats 9%60 / 66
Liquidity & Funding
Loans / Deposits74.82%50.73%71.54%81.61%59th pctl27 / 66
Loans / Assets63.99%40.53%57.05%68.92%64th pctl24 / 66
Brokered Deposits / Depositsn/aNot reported for this institution