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

Deposit mix

NIM

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

Earnings: ROA of 0.86%, up 40 bps year over year; NIM at 2.62%.
Asset quality: problem loans at 0.33% of loans (+14 bps YoY), with net charge-offs at 0.02%.

Return on Assets (quarter, annualized)

0.86%+40 bps YoY

Net Interest Margin (quarter, annualized)

2.62%+48 bps YoY

Efficiency Ratio (quarter, annualized)

63.36%-1,000 bps YoY

Tier 1 Leverage Ratio

13.44%+72 bps YoY

Discrete quarter, annualized.

Metric	Q2 2025	Q3 2025	Q4 2025	Q1 2026	Q2 2026	YoY Δ
Earnings
Return on Assets	0.46%	0.83%	0.60%	0.58%	0.86%	+40 bps
Return on Equity	3.85%	6.79%	4.70%	4.54%	6.61%	+276 bps
Net Interest Margin	2.14%	2.32%	2.42%	2.48%	2.62%	+48 bps
Efficiency Ratio	73.35%	67.26%	73.32%	73.46%	63.36%	-1,000 bps
Non-Interest Burden	1.50%	1.39%	1.69%	1.76%	1.54%	+4 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 / Loans	0.19%	0.21%	0.20%	0.20%	0.33%	+14 bps
Net Charge-Offs / Loans	0.00%	0.00%	0.00%	0.00%	0.02%	+2 bps
Allowance / Loans	0.99%	0.97%	0.94%	0.93%	0.90%	-9 bps
Allowance Coverage of NPLs	5.1x	4.7x	4.8x	4.8x	2.7x	-2.4x
Capital
Tier 1 Leverage Ratio	12.72%	12.92%	13.06%	13.25%	13.44%	+72 bps
Total Risk-Based Capital	18.34%	18.80%	18.69%	18.81%	19.01%	+67 bps
Equity / Assets	12.10%	12.48%	12.85%	12.91%	13.14%	+104 bps
Liquidity & Funding
Loans / Deposits	68.03%	68.51%	70.10%	71.18%	73.19%	+516 bps
Liquid Assets / Assets	1.15%	1.18%	0.49%	1.32%	0.47%	-68 bps
CRE / Total Capital	n/a	234%	236%	232%	n/a	n/a