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Cornerstone Bank

Spencer, MA · Cert 90282 · Peoplesbancorp MHC

State charter, Fed member · FED · 17 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

Capital

23

Q2 2024Q2 2026peer median (50)

Asset Quality

62

Q2 2024Q2 2026peer median (50)

Profitability

15

Q2 2024Q2 2026peer median (50)

Liquidity

12

Q2 2024Q2 2026peer median

Efficiency

3

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

Cornerstone Bank

Spencer, MA · Cert 90282 · Peoplesbancorp MHC

State charter, Fed member · FED · 1 affiliate bank · 17 branches (38 in holding)

Q2 2026

$2.6BAssets
$1.9BLoans
$1.9BDeposits
$227.5MEquity
Loan mix
89%RE $1.7B5%C&I $0.1B7%Consumer $0.1BQ2 2025Q2 2026
Deposit mix
83%Interest-bearing $1.6B17%Noninterest $0.3BQ2 2025Q2 2026

NIM

4.21%Q2 ’244.38%Q2 ’254.81%Q2 ’26+4%+35%

Non-interest income vs. expense

2.63%Q2 ’242.90%Q2 ’253.04%Q2 ’26-3%+22%

Market Position · Worcester, MA · 2026 SOD (annual) · 8.6% share · #4 of 26 inst. · $1.9B of $22.5B

Executive Summary

  • Earnings: ROA of 0.63%, up 30 bps year over year; NIM at 3.00%.
  • Asset quality: problem loans at 0.35% of loans (-16 bps YoY), with net charge-offs at 0.04%.
  • Capital: tier 1 leverage ratio of 9.22%, down 40 bps from a year ago.
  • Funding: loans stand at 99.84% of deposits as of Q2 2026.

Financial Results

Return on Assets (YTD, annualized)

0.63%+30 bps YoY

Net Interest Margin (YTD, annualized)

3.00%+78 bps YoY

Efficiency Ratio (YTD, annualized)

81.02%-1,055 bps YoY

Tier 1 Leverage Ratio

9.22%-40 bps YoY

Year to date, annualized, through each quarter.

MetricQ2 2025Q3 2025Q4 2025Q1 2026Q2 2026YoY ΔTrend
Earnings
Return on Assets0.34%0.27%0.48%0.77%0.63%+30 bps
Return on Equity3.76%3.02%5.41%8.34%6.96%+320 bps
Net Interest Margin2.21%2.27%2.28%2.89%3.00%+78 bps
Efficiency Ratio91.57%93.25%93.32%80.30%81.02%-1,055 bps
Non-Interest Burden1.95%2.06%2.08%2.25%2.37%+42 bps
Growth
Asset Growth (YoY)6.70%7.43%8.50%40.46%49.01%+4,231 bps
Loan Growth (YoY)5.72%7.46%8.98%37.18%37.97%+3,226 bps
Deposit Growth (YoY)4.25%6.02%8.54%44.49%45.15%+4,090 bps
Asset Quality
Nonperforming Loans / Loans0.50%0.49%0.40%0.36%0.35%-16 bps
Net Charge-Offs / Loans-0.03%-0.02%-0.01%0.02%0.04%+6 bps
Allowance / Loans0.81%0.77%0.42%0.45%0.45%-36 bps
Allowance Coverage of NPLs1.6x1.6x1.1x1.3x1.3x-0.3x
Capital
Tier 1 Leverage Ratio9.63%9.49%9.58%9.23%9.22%-40 bps
Total Risk-Based Capital13.56%13.11%12.90%13.00%12.31%-125 bps
Equity / Assets8.83%8.74%8.77%9.57%8.84%+1 bps
Liquidity & Funding
Loans / Deposits105.03%104.91%102.54%95.65%99.84%-519 bps
Liquid Assets / Assets1.66%1.80%4.60%3.14%2.30%+64 bps
CRE / Total Capitaln/a352%350%306%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

Cornerstone Bank

Spencer, MA · Cert 90282 · Peer group: banks $1B-$10B in assets (n=322-328) · Peoplesbancorp MHC

State charter, Fed member · FED · 1 affiliate bank · 17 branches (38 in holding)

Q2 2026

$2.6BAssets
$1.9BLoans
$1.9BDeposits
$227.5MEquity

Executive Summary

  • Strongest standing: nonperforming loans / loans outperforms 65% of banks $1B-$10B in assets (rank 114 of 322).
  • Widest gap: efficiency ratio trails 97% of banks $1B-$10B in assets (rank 318 of 328).
  • Overall: at or above the peer median on 2 of 9 directional measures.

Return on Assets

0.56%

Rank 304 of 328

Net Interest Margin

3.00%

Rank 250 of 328

Efficiency Ratio

83.52%

Rank 318 of 328

Equity / Assets

8.84%

Rank 266 of 328

Non-interest income vs. expense

$16.2M$73.5MINCOMEEXPENSE
Unfavorable gap of $57.3M · efficiency ratio beats 3% of banks $1B-$10B in assets
Bank 83.52%Peer median 59.6%Q2 2024Q2 2026Shaded: peer 25th to 75th percentile
MetricYour BankPeer 25thPeer MedianPeer 75thStandingRankPeer Position
Earnings
Return on Assets0.56%0.91%1.22%1.52%Beats 7%304 / 328
Return on Equity6.29%8.43%11.45%14.43%Beats 13%287 / 328
Net Interest Margin3.00%3.03%3.45%3.83%Beats 24%250 / 328
Efficiency Ratio83.52%51.61%59.56%67.53%Beats 3%318 / 328
Asset Quality
Nonperforming Loans / Loans0.35%0.24%0.51%1.03%Beats 65%114 / 322
Net Charge-Offs / Loans0.02%0.01%0.03%0.10%Beats 59%135 / 322
Capital
Tier 1 Capital Ratio11.84%11.75%13.15%15.47%Beats 27%241 / 328
Total Risk-Based Capital Ratio12.31%12.63%14.15%16.46%Beats 22%255 / 328
Equity / Assets8.84%9.15%10.33%12.01%Beats 19%266 / 328
Liquidity & Funding
Loans / Deposits99.84%76.63%87.92%95.36%85th pctl48 / 323
Loans / Assets75.13%65.18%74.15%79.98%55th pctl148 / 328
Brokered Deposits / Depositsn/aNot reported for this institution