PackageTrendsPeer
Letter portraitLegal landscapeQuarterYTD

Baycoast Bank

Swansea, MA · Cert 90196 · Narragansett Financial Corp.

SI · FDIC · 25 branches

Q2 2026

$2.9BAssets
$2.3BLoans
$2.5BDeposits
$257.8MEquity
Loan mix
88%RE $2.0B7%C&I $0.2B5%Consumer $0.1BQ3 2024Q2 2026
Deposit mix
82%Interest-bearing $2.0B18%Noninterest $0.4BQ3 2024Q2 2026

Market Position · Providence-Warwick, RI-MA · 2026 SOD (annual) · 3.9% share · #8 of 22 inst. · $2.4B of $61.9B

12.6% Bristol
6.9% Newport
0.3% Providence
0.2% Norfolk

Executive Summary

  • Earnings: ROA of 0.66%, up 12 bps year over year; NIM at 3.26%.
  • Asset quality: problem loans at 1.45% of loans (+118 bps YoY), with net charge-offs at 0.04%.
  • Capital: tier 1 leverage ratio of 8.29%, up 21 bps from a year ago.
  • Funding: loans stand at 91.73% of deposits as of Q2 2026.

Return on Assets (quarter, annualized)

0.66%+12 bps YoY

Net Interest Margin (quarter, annualized)

3.26%+45 bps YoY

Efficiency Ratio (quarter, annualized)

82.59%+231 bps YoY

Tier 1 Leverage Ratio

8.29%+21 bps YoY

NIM

4.79%Q2 ’244.89%Q2 ’254.92%Q2 ’26+16%+16%

Non-interest income vs. expense

3.65%Q2 ’243.95%Q2 ’254.38%Q2 ’26-3%+26%

Discrete quarter, annualized.

MetricQ3 2024Q4 2024Q1 2025Q2 2025Q3 2025Q4 2025Q1 2026Q2 2026YoY ΔTrend
Earnings
Return on Assets0.36%0.31%0.20%0.54%0.44%0.65%0.36%0.66%+12 bps
Return on Equity4.32%3.62%2.33%6.32%5.07%7.25%3.96%7.34%+102 bps
Net Interest Margin2.55%2.66%2.65%2.81%2.96%3.11%3.05%3.26%+45 bps
Efficiency Ratio84.36%84.98%88.11%80.28%83.70%83.15%86.25%82.59%+231 bps
Non-Interest Burden1.88%2.03%2.15%1.85%2.18%2.32%2.39%2.34%+48 bps
Growth
Asset Growth (YoY)3.26%1.45%1.02%0.49%-3.75%-2.54%-2.45%-3.64%-413 bps
Loan Growth (YoY)0.68%-2.06%-3.50%-2.42%-4.74%-3.49%-2.10%-4.43%-201 bps
Deposit Growth (YoY)1.05%-0.78%0.15%2.70%2.28%4.03%2.59%0.46%-224 bps
Asset Quality
Nonperforming Loans / Loans0.16%0.23%0.26%0.28%0.28%1.21%1.54%1.45%+118 bps
Net Charge-Offs / Loans0.01%0.03%0.03%0.00%0.09%0.61%0.19%0.04%+4 bps
Allowance / Loans0.98%1.05%1.13%1.17%1.24%1.16%1.18%1.21%+4 bps
Allowance Coverage of NPLs6.1x4.6x4.4x4.2x4.4x1.0x0.8x0.8x-3.4x
Capital
Tier 1 Leverage Ratio8.08%8.14%8.11%8.08%8.09%8.18%8.22%8.29%+21 bps
Total Risk-Based Capital11.55%11.76%11.94%11.74%11.91%11.92%11.94%12.02%+28 bps
Equity / Assets8.35%8.64%8.59%8.57%8.88%9.09%8.95%9.00%+43 bps
Liquidity & Funding
Loans / Deposits100.06%100.80%96.05%96.42%93.19%93.51%91.66%91.73%-470 bps
Liquid Assets / Assets3.06%1.86%3.96%2.70%1.26%0.58%2.14%1.12%-157 bps
CRE / Total Capitaln/an/an/an/a530%530%534%n/an/a