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Marblehead Bank

Marblehead, MA · Cert 90234

State charter, Fed member · FED · 3 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

65

Q2 2024Q2 2026peer median (50)

Asset Quality

29

Q2 2024Q2 2026peer median (50)

Profitability

73

Q2 2024Q2 2026peer median (50)

Liquidity

95

Q2 2024Q2 2026peer median

Efficiency

41

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

Marblehead Bank

Marblehead, MA · Cert 90234

State charter, Fed member · FED · 3 branches

Q2 2026

$262.5MAssets
$212.7MLoans
$229.4MDeposits
$26.4MEquity
Loan mix
99%RE $210.8M0%C&I $0.8M0%Consumer $0.9MQ2 2025Q2 2026
Deposit mix
83%Interest-bearing $191.3M17%Noninterest $38.0MQ2 2025Q2 2026

NIM

4.35%Q2 ’244.49%Q2 ’254.52%Q2 ’26+0%+1%

Non-interest income vs. expense

3.53%Q2 ’243.54%Q2 ’253.50%Q2 ’26-1%+1%

Market Position · Boston-Cambridge-Newton, MA-NH · 2026 SOD (annual) · 0.0% share · #65 of 100 inst. · $0.2B of $580.3B

Executive Summary

  • Earnings: ROA of 0.44%, up 7 bps year over year; NIM at 3.73%.
  • Asset quality: problem loans at 0.30% of loans (+19 bps YoY), with net charge-offs at 0.00%.
  • Capital: tier 1 leverage ratio of 10.11%, up 24 bps from a year ago.
  • Funding: loans stand at 92.73% of deposits as of Q2 2026.

Financial Results

Return on Assets (YTD, annualized)

0.44%+7 bps YoY

Net Interest Margin (YTD, annualized)

3.73%+4 bps YoY

Efficiency Ratio (YTD, annualized)

86.28%-63 bps YoY

Tier 1 Leverage Ratio

10.11%+24 bps YoY

Year to date, annualized, through each quarter.

MetricQ2 2025Q3 2025Q4 2025Q1 2026Q2 2026YoY ΔTrend
Earnings
Return on Assets0.37%0.40%0.40%0.44%0.44%+7 bps
Return on Equity3.90%4.10%4.16%4.47%4.44%+54 bps
Net Interest Margin3.69%3.77%3.70%3.78%3.73%+4 bps
Efficiency Ratio86.90%86.51%86.54%87.18%86.28%-63 bps
Non-Interest Burden3.16%3.21%3.15%3.26%3.17%+2 bps
Growth
Asset Growth (YoY)-3.63%-0.87%2.31%-2.53%2.16%+579 bps
Loan Growth (YoY)2.89%0.99%-0.99%1.71%-0.01%-290 bps
Deposit Growth (YoY)-4.57%-1.40%2.02%-3.54%1.69%+626 bps
Asset Quality
Nonperforming Loans / Loans0.10%0.10%0.22%0.51%0.30%+19 bps
Net Charge-Offs / Loans0.01%0.01%0.01%0.00%0.00%-1 bps
Allowance / Loans0.60%0.61%0.60%0.59%0.60%0 bps
Allowance Coverage of NPLs5.8x5.9x2.8x1.1x2.0x-3.7x
Capital
Tier 1 Leverage Ratio9.87%10.17%10.10%10.23%10.11%+24 bps
Total Risk-Based Capital17.08%17.49%17.54%17.80%17.81%+72 bps
Equity / Assets9.97%10.21%9.85%9.95%10.07%+10 bps
Liquidity & Funding
Loans / Deposits94.30%94.96%89.73%92.30%92.73%-157 bps
Liquid Assets / Assets5.08%5.05%10.40%7.98%7.43%+235 bps
CRE / Total Capitaln/a145.75%144.83%131.77%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

Marblehead Bank

Marblehead, MA · Cert 90234 · Peer group: banks under $1B in assets in the Boston-Cambridge-Newton, MA-NH area (n=28-29)

State charter, Fed member · FED · 3 branches

Q2 2026

$262.5MAssets
$212.7MLoans
$229.4MDeposits
$26.4MEquity

Executive Summary

  • Strongest standing: net interest margin outperforms 97% of banks under $1B in assets in the Boston-Cambridge-Newton, MA-NH area (rank 1 of 29).
  • Widest gap: net charge-offs / loans trails 76% of banks under $1B in assets in the Boston-Cambridge-Newton, MA-NH area (rank 23 of 29).
  • Overall: at or above the peer median on 6 of 9 directional measures.

Return on Assets

0.44%

Rank 10 of 29

Net Interest Margin

3.73%

Rank 1 of 29

Efficiency Ratio

86.28%

Rank 18 of 29

Equity / Assets

10.07%

Rank 13 of 29

Non-interest income vs. expense

$0.9M$9.3MINCOMEEXPENSE
Unfavorable gap of $8.4M · efficiency ratio beats 41% of banks under $1B in assets in the Boston-Cambridge-Newton, MA-NH area
Bank 86.28%Peer median 84.1%Q3 2024Q2 2026Shaded: peer 25th to 75th percentile
MetricYour BankPeer 25thPeer MedianPeer 75thStandingRankPeer Position
Earnings
Return on Assets0.44%0.23%0.39%0.50%Beats 66%10 / 29
Return on Equity4.42%2.29%3.46%5.78%Beats 55%13 / 29
Net Interest Margin3.73%2.42%2.71%3.01%Beats 97%1 / 29
Efficiency Ratio86.28%78.96%84.14%93.09%Beats 41%18 / 29
Asset Quality
Nonperforming Loans / Loans0.30%0.03%0.13%0.43%Beats 34%20 / 29
Net Charge-Offs / Loans0.00%n/a0.00%0.00%Beats 24%23 / 29
Capital
Tier 1 Capital Ratio16.99%11.54%13.48%16.99%Beats 72%8 / 29
Total Risk-Based Capital Ratio17.81%11.54%14.44%17.87%Beats 69%9 / 29
Equity / Assets10.07%8.70%9.70%11.05%Beats 55%13 / 29
Liquidity & Funding
Loans / Deposits92.73%84.22%92.17%95.56%61st pctl11 / 28
Loans / Assets81.02%69.12%73.70%81.02%72nd pctl8 / 29
Brokered Deposits / Depositsn/aNot reported for this institution