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First Priority

Boston, MA · Charter 66593

NCUA · 2 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

44

Q2 2024Q2 2026peer median (50)

Asset Quality

77

Q2 2024Q2 2026peer median (50)

Profitability

35

Q2 2024Q2 2026peer median (50)

Liquidity

52

Q2 2024Q2 2026peer median

Efficiency

14

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

First Priority

Boston, MA · Charter 66593

NCUA · 2 branches

Q2 2026

$139.4MAssets
$98.2MLoans
$120.2MShares
$18.3MNet 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 0.34%, up 3 bps year over year; NIM at 3.47%.
  • Asset quality: problem loans at 0.07% of loans (-21 bps YoY).
  • Capital: net worth / assets of 13.13%, down 73 bps from a year ago.
  • Funding: loans stand at 81.73% of shares as of Q2 2026.

Financial Results

Return on Assets (YTD, annualized)

0.34%+3 bps YoY

Net Interest Margin (YTD, annualized)

3.47%-3 bps YoY

Efficiency Ratio (YTD, annualized)

91.08%-66 bps YoY

Net Worth / Assets

13.13%-73 bps YoY

Year to date, annualized, through each quarter.

MetricQ2 2025Q3 2025Q4 2025Q1 2026Q2 2026YoY ΔTrend
Earnings
Return on Assets0.31%0.36%0.37%0.32%0.34%+3 bps
Return on Equity2.23%2.69%2.94%2.52%2.62%+39 bps
Net Interest Margin3.50%3.38%3.25%3.39%3.47%-3 bps
Efficiency Ratio91.74%90.02%89.37%91.67%91.08%-66 bps
Growth
Asset Growth (YoY)-1.58%4.48%10.98%5.71%9.00%+1,058 bps
Loan Growth (YoY)7.24%7.18%8.46%5.99%6.40%-84 bps
Share Growth (YoY)-1.94%3.25%10.62%4.45%8.35%+1,030 bps
Asset Quality
Delinquent Loans / Loans0.28%0.51%0.11%0.10%0.07%-21 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 Capital13.86%13.35%12.61%12.70%13.13%-73 bps
Net Worth / Assets13.86%13.35%12.61%12.70%13.13%-73 bps
Liquidity & Funding
Loans / Shares83.23%82.62%78.00%78.18%81.73%-150 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

First Priority

Boston, MA · Charter 66593 · Peer group: credit unions under $1B in assets in the Boston-Cambridge-Newton, MA-NH area (n=66)

NCUA · 2 branches

Q2 2026

$139.4MAssets
$98.2MLoans
$120.2MShares
$18.3MNet Worth

Executive Summary

  • Strongest standing: nonperforming loans / loans outperforms 77% of credit unions under $1B in assets in the Boston-Cambridge-Newton, MA-NH area (rank 16 of 66).
  • Widest gap: efficiency ratio trails 86% of credit unions under $1B in assets in the Boston-Cambridge-Newton, MA-NH area (rank 58 of 66).
  • Overall: at or above the peer median on 2 of 7 directional measures.

Return on Assets

0.34%

Rank 53 of 66

Net Interest Margin

3.47%

Rank 26 of 66

Efficiency Ratio

91.07%

Rank 58 of 66

Equity / Assets

13.13%

Rank 37 of 66

MetricYour Credit UnionPeer 25thPeer MedianPeer 75thStandingRankPeer Position
Earnings
Return on Assets0.34%0.38%0.59%1.00%Beats 20%53 / 66
Return on Equity2.62%2.62%4.89%6.39%Beats 24%50 / 66
Net Interest Margin3.47%2.83%3.27%3.84%Beats 61%26 / 66
Efficiency Ratio91.07%68.43%80.15%87.18%Beats 14%58 / 66
Asset Quality
Nonperforming Loans / Loans0.07%0.08%0.48%1.18%Beats 77%16 / 66
Net Charge-Offs / Loansn/aNot reported for this institution
Capital
Tier 1 Capital Ratio13.13%9.84%13.79%17.21%Beats 44%37 / 66
Total Risk-Based Capital Ration/aNot reported for this institution
Equity / Assets13.13%9.84%13.79%17.21%Beats 44%37 / 66
Liquidity & Funding
Loans / Deposits81.73%50.73%71.54%81.61%76th pctl16 / 66
Loans / Assets70.47%40.53%57.05%68.92%82nd pctl12 / 66
Brokered Deposits / Depositsn/aNot reported for this institution