PackageTrendsPeer
Letter portraitLegal landscape

Middlesex Savings Bank

Natick, MA · Cert 90183 · Middlesex Bcorp MHC

State charter, non-member · FDIC · 34 branches

Q2 2026

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 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

Banks $1B-$10B in assets in the Boston-Cambridge-Newton, MA-NH area (n=27). 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

79

Q2 2024Q2 2026peer median (50)

Asset Quality

60

Q2 2024Q2 2026peer median (50)

Profitability

29

Q2 2024Q2 2026peer median (50)

Liquidity

0

Q2 2024Q2 2026peer median

Efficiency

52

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: 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

Middlesex Savings Bank

Natick, MA · Cert 90183 · Middlesex Bcorp MHC

State charter, non-member · FDIC · 34 branches

Q2 2026

$6.1BAssets
$3.8BLoans
$5.2BDeposits
$808.0MEquity
Loan mix
94%RE $3.5B5%C&I $0.2B1%Consumer $0.0BQ2 2025Q2 2026
Deposit mix
75%Interest-bearing $3.9B25%Noninterest $1.3BQ2 2025Q2 2026

NIM

3.94%Q2 ’244.02%Q2 ’254.31%Q2 ’26+20%+25%

Non-interest income vs. expense

1.82%Q2 ’241.82%Q2 ’251.92%Q2 ’26+1%+4%

Market Position · Boston-Cambridge-Newton, MA-NH · 2026 SOD (annual) · 0.8% share · #14 of 100 inst. · $4.7B of $580.3B

4.6% Middlesex
1.8% Norfolk
2.1% Worcester

Executive Summary

  • Earnings: ROA of 0.72%, up 35 bps year over year; NIM at 2.55%.
  • Asset quality: problem loans at 0.33% of loans (+14 bps YoY), with net charge-offs at 0.01%.
  • Capital: tier 1 leverage ratio of 13.44%, up 72 bps from a year ago.
  • Funding: loans stand at 73.19% of deposits as of Q2 2026.

Financial Results

Return on Assets (YTD, annualized)

0.72%+35 bps YoY

Net Interest Margin (YTD, annualized)

2.55%+50 bps YoY

Efficiency Ratio (YTD, annualized)

68.19%-1,143 bps YoY

Tier 1 Leverage Ratio

13.44%+72 bps YoY

Year to date, annualized, through each quarter.

MetricQ2 2025Q3 2025Q4 2025Q1 2026Q2 2026YoY ΔTrend
Earnings
Return on Assets0.37%0.53%0.54%0.58%0.72%+35 bps
Return on Equity3.15%4.39%4.47%4.54%5.57%+242 bps
Net Interest Margin2.05%2.14%2.21%2.48%2.55%+50 bps
Efficiency Ratio79.63%74.88%74.47%73.46%68.19%-1,143 bps
Non-Interest Burden1.58%1.51%1.56%1.76%1.65%+7 bps
Growth
Asset Growth (YoY)1.05%2.18%1.32%0.24%0.77%-28 bps
Loan Growth (YoY)-3.61%-2.07%1.28%3.86%6.40%+1,001 bps
Deposit Growth (YoY)3.67%1.34%-0.08%-1.29%-1.10%-477 bps
Asset Quality
Nonperforming Loans / Loans0.19%0.21%0.20%0.20%0.33%+14 bps
Net Charge-Offs / Loans0.04%0.03%0.02%0.00%0.01%-3 bps
Allowance / Loans0.99%0.97%0.94%0.93%0.90%-9 bps
Allowance Coverage of NPLs5.1x4.7x4.8x4.8x2.7x-2.4x
Capital
Tier 1 Leverage Ratio12.72%12.92%13.06%13.25%13.44%+72 bps
Total Risk-Based Capital18.34%18.80%18.69%18.81%19.01%+67 bps
Equity / Assets12.10%12.48%12.85%12.91%13.14%+104 bps
Liquidity & Funding
Loans / Deposits68.03%68.51%70.10%71.18%73.19%+516 bps
Liquid Assets / Assets1.15%1.18%0.49%1.32%0.47%-68 bps
CRE / Total Capitaln/a234%236%232%n/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

Middlesex Savings Bank

Natick, MA · Cert 90183 · Peer group: banks $1B-$10B in assets in the Boston-Cambridge-Newton, MA-NH area (n=27) · Middlesex Bcorp MHC

State charter, non-member · FDIC · 34 branches

Q2 2026

$6.1BAssets
$3.8BLoans
$5.2BDeposits
$808.0MEquity

Executive Summary

  • Strongest standing: tier 1 capital ratio outperforms 81% of banks $1B-$10B in assets in the Boston-Cambridge-Newton, MA-NH area (rank 5 of 27).
  • Widest gap: return on equity trails 78% of banks $1B-$10B in assets in the Boston-Cambridge-Newton, MA-NH area (rank 21 of 27).
  • Overall: at or above the peer median on 6 of 9 directional measures.

Return on Assets

0.72%

Rank 18 of 27

Net Interest Margin

2.55%

Rank 18 of 27

Efficiency Ratio

68.19%

Rank 14 of 27

Equity / Assets

13.14%

Rank 7 of 27

Non-interest income vs. expense

$16.8M$117.9MINCOMEEXPENSE
Unfavorable gap of $101.1M · efficiency ratio beats 52% of banks $1B-$10B in assets in the Boston-Cambridge-Newton, MA-NH area
Bank 68.19%Peer median 68.2%Q3 2024Q2 2026Shaded: peer 25th to 75th percentile
MetricYour BankPeer 25thPeer MedianPeer 75thStandingRankPeer Position
Earnings
Return on Assets0.72%0.48%0.78%0.99%Beats 33%18 / 27
Return on Equity5.50%5.50%7.06%8.20%Beats 22%21 / 27
Net Interest Margin2.55%2.49%2.70%3.34%Beats 33%18 / 27
Efficiency Ratio68.19%59.27%68.19%75.85%Beats 52%14 / 27
Asset Quality
Nonperforming Loans / Loans0.33%0.20%0.58%1.15%Beats 63%11 / 27
Net Charge-Offs / Loans0.01%0.00%0.01%0.05%Beats 56%13 / 27
Capital
Tier 1 Capital Ratio18.24%13.21%14.69%16.81%Beats 81%5 / 27
Total Risk-Based Capital Ratio19.01%13.71%15.43%18.07%Beats 81%5 / 27
Equity / Assets13.14%9.62%11.14%13.14%Beats 74%7 / 27
Liquidity & Funding
Loans / Deposits73.19%91.42%101.19%107.11%4th pctl26 / 27
Loans / Assets61.61%75.31%80.56%83.39%4th pctl26 / 27
Brokered Deposits / Depositsn/aNot reported for this institution