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Washington Savings Bank

Lowell, MA · Cert 90229

State charter, Fed member · FED · 2 branches

Q2 2026

Board Package

Performance Trends and Peer Comparison

Part 1Performance Trends, own institution only2
Part 2Peer Comparison, banks 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

Banks under $1B in assets in the Boston-Cambridge-Newton, MA-NH area (n=28 to 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

63

Q2 2024Q2 2026peer median (50)

Asset Quality

43

Q2 2024Q2 2026peer median (50)

Profitability

27

Q2 2024Q2 2026peer median (50)

Liquidity

82

Q2 2024Q2 2026peer median

Efficiency

34

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

Washington Savings Bank

Lowell, MA · Cert 90229

State charter, Fed member · FED · 2 branches

Q2 2026

$302.3MAssets
$236.7MLoans
$249.3MDeposits
$29.3MEquity
Loan mix
100%RE $237.5M0%C&I $0.1M0%Consumer $0.4MQ2 2025Q2 2026
Deposit mix
87%Interest-bearing $217.6M13%Noninterest $31.6MQ2 2025Q2 2026

NIM

3.98%Q2 ’244.18%Q2 ’254.40%Q2 ’260%+14%

Non-interest income vs. expense

2.38%Q2 ’242.38%Q2 ’252.52%Q2 ’26+0%+6%

Market Position · Boston-Cambridge-Newton, MA-NH · 2026 SOD (annual) · 0.0% share · #63 of 100 inst. · $0.2B of $580.3B

Executive Summary

  • Earnings: ROA of 0.23%, up 16 bps year over year; NIM at 2.47%.
  • Asset quality: problem loans at 0.29% of loans (-9 bps YoY), with net charge-offs at 0.00%.
  • Capital: tier 1 leverage ratio of 9.65%, unchanged from a year ago.
  • Funding: loans stand at 94.97% of deposits as of Q2 2026.

Financial Results

Return on Assets (YTD, annualized)

0.23%+16 bps YoY

Net Interest Margin (YTD, annualized)

2.47%+30 bps YoY

Efficiency Ratio (YTD, annualized)

90.15%-583 bps YoY

Tier 1 Leverage Ratio

9.65%0 bps YoY

Year to date, annualized, through each quarter.

MetricQ2 2025Q3 2025Q4 2025Q1 2026Q2 2026YoY ΔTrend
Earnings
Return on Assets0.07%0.09%0.14%0.16%0.23%+16 bps
Return on Equity0.78%1.00%1.52%1.77%2.42%+164 bps
Net Interest Margin2.17%2.20%2.26%2.43%2.47%+30 bps
Efficiency Ratio95.98%94.91%92.73%92.67%90.15%-583 bps
Non-Interest Burden2.08%2.08%2.08%2.24%2.21%+12 bps
Growth
Asset Growth (YoY)4.28%3.78%5.61%1.86%1.71%-257 bps
Loan Growth (YoY)4.07%3.64%2.28%0.35%-0.90%-496 bps
Deposit Growth (YoY)1.00%1.03%4.55%6.10%7.66%+666 bps
Asset Quality
Nonperforming Loans / Loans0.38%0.38%0.32%0.34%0.29%-9 bps
Net Charge-Offs / Loans0.00%0.00%0.00%0.00%0.00%0 bps
Allowance / Loans0.65%0.65%0.64%0.65%0.65%0 bps
Allowance Coverage of NPLs1.7x1.7x2.0x1.9x2.2x+0.5x
Capital
Tier 1 Leverage Ratio9.65%9.62%9.65%9.58%9.65%0 bps
Total Risk-Based Capital17.53%17.62%17.52%17.81%17.87%+35 bps
Equity / Assets9.20%9.32%9.16%9.39%9.70%+50 bps
Liquidity & Funding
Loans / Deposits103.17%102.62%99.80%97.94%94.97%-820 bps
Liquid Assets / Assets2.32%2.91%2.51%1.89%3.07%+75 bps
CRE / Total Capitaln/a262%258%261%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

Washington Savings Bank

Lowell, MA · Cert 90229 · Peer group: banks under $1B in assets in the Boston-Cambridge-Newton, MA-NH area (n=28-29)

State charter, Fed member · FED · 2 branches

Q2 2026

$302.3MAssets
$236.7MLoans
$249.3MDeposits
$29.3MEquity

Executive Summary

  • Strongest standing: total risk-based capital ratio outperforms 72% of banks under $1B in assets in the Boston-Cambridge-Newton, MA-NH area (rank 8 of 29).
  • Widest gap: return on assets trails 76% of banks under $1B in assets in the Boston-Cambridge-Newton, MA-NH area (rank 22 of 29).
  • Overall: at or above the peer median on 2 of 9 directional measures.

Return on Assets

0.23%

Rank 22 of 29

Net Interest Margin

2.47%

Rank 21 of 29

Efficiency Ratio

90.15%

Rank 20 of 29

Equity / Assets

9.70%

Rank 15 of 29

Non-interest income vs. expense

$1.0M$7.6MINCOMEEXPENSE
Unfavorable gap of $6.7M · efficiency ratio beats 34% of banks under $1B in assets in the Boston-Cambridge-Newton, MA-NH area
Bank 90.15%Peer median 84.1%Q3 2024Q2 2026Shaded: peer 25th to 75th percentile
MetricYour BankPeer 25thPeer MedianPeer 75thStandingRankPeer Position
Earnings
Return on Assets0.23%0.23%0.39%0.50%Beats 24%22 / 29
Return on Equity2.35%2.29%3.46%5.78%Beats 28%21 / 29
Net Interest Margin2.47%2.42%2.71%3.01%Beats 28%21 / 29
Efficiency Ratio90.15%78.96%84.14%93.09%Beats 34%20 / 29
Asset Quality
Nonperforming Loans / Loans0.29%0.03%0.13%0.43%Beats 38%19 / 29
Net Charge-Offs / Loans0.00%n/a0.00%0.00%Beats 48%18 / 29
Capital
Tier 1 Capital Ratio16.92%11.54%13.48%16.99%Beats 69%9 / 29
Total Risk-Based Capital Ratio17.87%11.54%14.44%17.87%Beats 72%8 / 29
Equity / Assets9.70%8.70%9.70%11.05%Beats 48%15 / 29
Liquidity & Funding
Loans / Deposits94.97%84.22%92.17%95.56%68th pctl9 / 28
Loans / Assets78.30%69.12%73.70%81.02%66th pctl10 / 29
Brokered Deposits / Depositsn/aNot reported for this institution