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Cambridge Trust Company

Cambridge, MA · Cert 8152

FDIC · 24 branches

Q2 2024

Board Package

Performance Trends and Peer Comparison

Part 1Performance Trends, own institution only2
Part 2Peer Comparison, banks $1B-$10B in assets in the Boston-Cambridge-Newton, MA-NH area3

Basis

Quarter: Q2 2024, the quarter ended June 30, 2024, on both parts.

Income statement: year to date as filed, annualized, on both parts.

Balance sheet: as filed at quarter end.

Peer group

Banks $1B-$10B in assets in the Boston-Cambridge-Newton, MA-NH area (n=29). 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

36

Q2 2024Q2 2024peer median (50)

Asset Quality

30

Q2 2024Q2 2024peer median (50)

Profitability

42

Q2 2024Q2 2024peer median (50)

Liquidity

69

Q2 2024Q2 2024peer median

Efficiency

59

Q2 2024Q2 2024peer 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: FFIEC Call Report (031/041/051), 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

Cambridge Trust Company

Cambridge, MA · Cert 8152

FDIC · 24 branches

Q2 2024

$5.3BAssets
$4.0BLoans
$4.0BDeposits
$515.3MEquity
Loan mix
87%RE $2.8B12%C&I $0.4B1%Consumer $0.0BQ3 2022Q2 2024
Deposit mix
74%Interest-bearing $3.0B26%Noninterest $1.0BQ3 2022Q2 2024

Market Position · Boston-Cambridge-Newton, MA-NH · 2024 SOD (annual) · 0.8% share · #13 of 108 inst. · $4.0B of $496.2B

2.9% Middlesex
0.2% Suffolk
3.0% Rockingham
1.0% Norfolk

Executive Summary

  • Earnings: ROA of 0.49%, down 22 bps year over year; NIM at 2.01%.
  • Asset quality: problem loans at 0.21% of loans (+3 bps YoY), with net charge-offs at 0.34%.
  • Capital: tier 1 leverage ratio of 8.71%, up 37 bps from a year ago.
  • Funding: loans stand at 98.08% of deposits as of Q2 2024.

Return on Assets (YTD, annualized)

0.49%-22 bps YoY

Net Interest Margin (YTD, annualized)

2.01%-34 bps YoY

Efficiency Ratio (YTD, annualized)

72.44%+382 bps YoY

Tier 1 Leverage Ratio

8.71%+37 bps YoY

NIM

2.79%Q2 ’223.84%Q2 ’234.19%Q2 ’24-11%-14%

Non-interest income vs. expense

2.07%Q2 ’222.12%Q2 ’232.03%Q2 ’24+17%-10%

Year to date, annualized, through each quarter.

MetricQ3 2022Q4 2022Q1 2023Q2 2023Q3 2023Q4 2023Q1 2024Q2 2024YoY ΔTrend
Earnings
Return on Assets1.11%1.03%0.90%0.71%0.63%0.62%0.51%0.49%-22 bps
Return on Equity13.04%12.02%9.89%7.77%6.92%6.77%5.38%5.08%-269 bps
Net Interest Margin2.70%2.62%2.50%2.35%2.29%2.24%2.03%2.01%-34 bps
Efficiency Ratio57.76%58.93%62.45%68.62%70.62%70.24%74.42%72.44%+382 bps
Non-Interest Burden1.19%1.21%1.27%1.38%1.39%1.34%1.31%1.24%-14 bps
Growth
Asset Growth (YoY)14.72%13.66%10.17%8.53%6.00%-2.56%-2.80%-2.98%-1,152 bps
Loan Growth (YoY)9.93%22.35%17.55%14.24%11.02%-1.02%-0.58%-1.50%-1,574 bps
Deposit Growth (YoY)9.06%11.28%4.20%4.30%6.75%-10.12%-10.07%-9.44%-1,374 bps
Asset Quality
Nonperforming Loans / Loans0.18%0.16%0.18%0.18%0.19%0.41%0.43%0.21%+3 bps
Net Charge-Offs / Loans0.00%0.00%0.00%0.00%0.00%0.00%0.00%0.34%+34 bps
Allowance / Loans0.96%0.93%0.95%0.95%0.95%0.97%0.98%0.90%-4 bps
Allowance Coverage of NPLs5.4x5.8x5.2x5.3x4.9x2.4x2.3x4.2x-1.1x
Capital
Tier 1 Leverage Ratio7.87%8.21%8.22%8.34%8.43%8.50%8.64%8.71%+37 bps
Total Risk-Based Capital12.90%13.09%13.29%13.51%13.60%13.55%13.86%14.01%+50 bps
Equity / Assets8.36%9.02%9.13%9.21%9.25%9.47%9.57%9.68%+47 bps
Liquidity & Funding
Loans / Deposits84.44%84.10%85.90%90.17%87.82%92.61%94.96%98.08%+790 bps
Liquid Assets / Assets20.90%19.02%19.43%18.45%18.09%17.80%17.64%17.36%-109 bps
CRE / Total Capitaln/an/an/an/an/an/an/an/an/an/a

Source: FFIEC Call Report (031/041/051), 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

Cambridge Trust Company

Cambridge, MA · Cert 8152 · Peer group: banks $1B-$10B in assets in the Boston-Cambridge-Newton, MA-NH area (n=29)

FDIC · 24 branches

Q2 2024

$5.3BAssets
$4.0BLoans
$4.0BDeposits
$515.3MEquity

Executive Summary

  • Strongest standing: efficiency ratio outperforms 59% of banks $1B-$10B in assets in the Boston-Cambridge-Newton, MA-NH area (rank 13 of 29).
  • Widest gap: net charge-offs / loans trails 86% of banks $1B-$10B in assets in the Boston-Cambridge-Newton, MA-NH area (rank 26 of 29).
  • Overall: at or above the peer median on 2 of 9 directional measures.

Return on Assets

0.49%

Rank 13 of 29

Net Interest Margin

2.01%

Rank 22 of 29

Efficiency Ratio

73.03%

Rank 13 of 29

Equity / Assets

9.68%

Rank 16 of 29

Non-interest income vs. expense

$43.0M$109.6MINCOMEEXPENSE
Unfavorable gap of $66.6M · efficiency ratio beats 59% of banks $1B-$10B in assets in the Boston-Cambridge-Newton, MA-NH area
MetricYour BankPeer 25thPeer MedianPeer 75thStandingRank8-Qtr TrendPeer Position
Earnings
Return on Assets0.49%0.34%0.49%0.67%Beats 55%13 / 29n/a
Return on Equity5.07%3.75%5.07%5.84%Beats 48%15 / 29n/a
Net Interest Margin2.01%2.01%2.27%3.07%Beats 24%22 / 29n/a
Efficiency Ratio73.03%66.93%77.14%87.02%Beats 59%13 / 29n/a
Asset Quality
Nonperforming Loans / Loans0.21%0.11%0.21%0.53%Beats 45%17 / 29n/a
Net Charge-Offs / Loans0.17%0.00%0.00%0.02%Beats 14%26 / 29n/a
Capital
Tier 1 Capital Ratio12.97%12.64%13.66%15.85%Beats 31%20 / 29n/a
Total Risk-Based Capital Ratio14.01%13.58%14.88%16.94%Beats 31%20 / 29n/a
Equity / Assets9.68%9.10%9.80%11.67%Beats 45%16 / 29n/a
Liquidity & Funding
Loans / Deposits98.08%94.85%104.75%108.73%28th pctl21 / 29n/a
Loans / Assets74.45%78.61%80.41%84.31%17th pctl24 / 29n/a
Brokered Deposits / Depositsn/aNot reported for this institution