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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

4.44%Q2 ’244.51%Q2 ’254.55%Q2 ’26-1%+2%

Non-interest income vs. expense

3.53%Q2 ’243.54%Q2 ’253.49%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 18 bps year over year; NIM at 3.75%.
  • 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 (quarter, annualized)

0.44%+18 bps YoY

Net Interest Margin (quarter, annualized)

3.75%+7 bps YoY

Efficiency Ratio (quarter, annualized)

85.38%-270 bps YoY

Tier 1 Leverage Ratio

10.11%+24 bps YoY

Discrete quarter, annualized.

MetricQ2 2025Q3 2025Q4 2025Q1 2026Q2 2026YoY ΔTrend
Earnings
Return on Assets0.26%0.45%0.43%0.44%0.44%+18 bps
Return on Equity2.70%4.48%4.30%4.47%4.42%+173 bps
Net Interest Margin3.69%3.78%3.69%3.78%3.75%+7 bps
Efficiency Ratio88.08%85.70%86.66%87.18%85.38%-270 bps
Non-Interest Burden3.21%3.19%3.16%3.26%3.16%-5 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 / Loans-0.01%0.00%0.00%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