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Mountainone Bank

North Adams, MA · Cert 90253 · Mountainone Financial MHC

SI · FDIC · 6 branches

Q2 2026

Board Package

Performance Trends and Peer Comparison

Part 1Performance Trends, own institution only2
Part 2Peer Comparison, banks $1B-$10B in assets3

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 $1B-$10B in assets (n=322 to 328). Each measure ranks only the institutions that reported it, so n varies by measure.

Peer groups below the disclosure floor are suppressed.

Peer Standing

Trailing 9 quarters, through Q2 2026

Capital

87

Q2 2024Q2 2026Peer median (50)

Asset Quality

25

Q2 2024Q2 2026Peer median (50)

Profitability

38

Q2 2024Q2 2026Peer median (50)

Liquidity

0

Q2 2024Q2 2026Peer median (100)

Efficiency

21

Q2 2024Q2 2026Peer median (50)

Growth

No peer data yet

Capital, Asset Quality, Profitability, Efficiency: higher is a stronger peer standing, and the peer median is fixed at 50. Liquidity, Growth: closeness to the peer median, 100 at the median.

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 2026-10-12

Mountainone Bank

North Adams, MA · Cert 90253 · Mountainone Financial MHC

SI · FDIC · 1 affiliate bank · 6 branches (16 in holding)

Q2 2026

$1.1BAssets
$836.8MLoans
$774.3MDeposits
$170.9MEquity
Loan mix
90%RE $728.9M9%C&I $74.0M1%Consumer $9.8MQ2 2025Q2 2026
Deposit mix
81%Interest-bearing $629.1M19%Noninterest $145.2MQ2 2025Q2 2026

NIM

5.03%Q2 ’244.98%Q2 ’255.05%Q2 ’26+4%+7%

Non-interest income vs. expense

3.81%Q2 ’243.99%Q2 ’253.74%Q2 ’26-10%+4%

Market Position · Pittsfield, MA · 2026 SOD (annual) · 12.0% share · #5 of 9 inst. · $0.5B of $4.3B

12.0% Berkshire
0.8% Plymouth
0.2% Norfolk

Executive Summary

  • Earnings: ROA of 1.22%, up 13 bps year over year; NIM at 3.42%.
  • Asset quality: problem loans at 1.06% of loans (+74 bps YoY), with net charge-offs at 0.15%.
  • Capital: tier 1 leverage ratio of 14.75%, up 26 bps from a year ago.
  • Funding: loans stand at 108.07% of deposits as of Q2 2026.

Financial Results

Return on Assets (YTD, annualized)

1.22%+13 bps YoY

Net Interest Margin (YTD, annualized)

3.42%+21 bps YoY

Efficiency Ratio (YTD, annualized)

66.99%-326 bps YoY

Tier 1 Leverage Ratio

14.75%+26 bps YoY

Year to date, annualized, through each quarter.

MetricQ2 2025Q3 2025Q4 2025Q1 2026Q2 2026YoY ΔTrend
Earnings
Return on Assets1.09%1.14%1.17%1.08%1.22%+13 bps
Return on Equity7.05%7.36%7.51%6.86%7.73%+68 bps
Net Interest Margin3.20%3.24%3.30%3.47%3.42%+21 bps
Efficiency Ratio70.25%69.83%68.76%68.30%66.99%-326 bps
Non-Interest Burden1.56%1.60%1.62%1.75%1.62%+6 bps
Growth
Asset Growth (YoY)4.47%6.03%6.81%7.08%5.45%+98 bps
Loan Growth (YoY)3.89%10.64%7.36%8.16%7.87%+399 bps
Deposit Growth (YoY)1.97%4.03%2.73%4.74%-0.30%-227 bps
Asset Quality
Nonperforming Loans / Loans0.31%0.28%0.28%0.32%1.06%+74 bps
Net Charge-Offs / Loans0.22%0.12%0.10%0.18%0.15%-7 bps
Allowance / Loans1.05%1.03%1.04%1.05%1.03%-2 bps
Allowance Coverage of NPLs3.4x3.7x3.7x3.3x1.0x-2.4x
Capital
Tier 1 Leverage Ratio14.48%14.54%14.63%14.67%14.75%+26 bps
Total Risk-Based Capital17.85%17.66%17.68%17.57%17.80%-5 bps
Equity / Assets15.45%15.61%15.72%15.67%15.79%+33 bps
Liquidity & Funding
Loans / Deposits99.88%100.01%101.82%102.95%108.07%+819 bps
Liquid Assets / Assets1.16%1.11%1.29%1.07%1.11%-5 bps
CRE / Total Capitaln/a319%324%331%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 2026-10-12

Mountainone Bank

North Adams, MA · Cert 90253 · Peer group: banks $1B-$10B in assets (n=322-328) · Mountainone Financial MHC

SI · FDIC · 1 affiliate bank · 6 branches (16 in holding)

Q2 2026

$1.1BAssets
$836.8MLoans
$774.3MDeposits
$170.9MEquity

Executive Summary

  • Strongest standing: equity / assets outperforms 95% of banks $1B-$10B in assets (rank 16 of 328).
  • Widest gap: return on equity trails 82% of banks $1B-$10B in assets (rank 269 of 328).
  • Overall: at or above the peer median on 3 of 9 directional measures.

Return on Assets

1.20%

Rank 172 of 328

Net Interest Margin

3.42%

Rank 172 of 328

Efficiency Ratio

68.35%

Rank 259 of 328

Equity / Assets

15.79%

Rank 16 of 328

Non-interest income vs. expense

$23.1M$40.6MINCOMEEXPENSE
Unfavorable gap of $17.6M · efficiency ratio beats 21% of banks $1B-$10B in assets
Bank 68.35%Peer median 59.6%Q2 2025Q2 2026Shaded: peer 25th to 75th percentile
MetricYour BankPeer 25thPeer MedianPeer 75thStandingRankPeer Position
Earnings
Return on Assets1.20%0.91%1.22%1.52%Beats 48%172 / 328
Return on Equity7.59%8.43%11.45%14.43%Beats 18%269 / 328
Net Interest Margin3.42%3.03%3.45%3.83%Beats 48%172 / 328
Efficiency Ratio68.35%51.61%59.56%67.53%Beats 21%259 / 328
Asset Quality
Nonperforming Loans / Loans1.06%0.24%0.51%1.03%Beats 25%244 / 322
Net Charge-Offs / Loans0.12%0.01%0.03%0.10%Beats 24%246 / 322
Capital
Tier 1 Capital Ratio16.76%11.75%13.15%15.47%Beats 83%55 / 328
Total Risk-Based Capital Ratio17.80%12.63%14.15%16.46%Beats 83%55 / 328
Equity / Assets15.79%9.15%10.33%12.01%Beats 95%16 / 328
Liquidity & Funding
Loans / Deposits108.07%76.63%87.92%95.36%95th pctl17 / 323
Loans / Assets77.31%65.18%74.15%79.98%65th pctl114 / 328
Brokered Deposits / Depositsn/aNot reported for this institution