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Savings Bank, The

Wakefield, MA · Cert 90291 · Wakefield Bcorp MHC

SI · FDIC · 9 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

17

Q2 2024Q2 2026peer median (50)

Asset Quality

37

Q2 2024Q2 2026peer median (50)

Profitability

48

Q2 2024Q2 2026peer median (50)

Liquidity

59

Q2 2024Q2 2026peer median

Efficiency

24

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

Savings Bank, The

Wakefield, MA · Cert 90291 · Wakefield Bcorp MHC

SI · FDIC · 9 branches

Q2 2026

$891.0MAssets
$645.6MLoans
$766.6MDeposits
$83.4MEquity
Loan mix
99%RE $609.5M1%C&I $6.8M0%Consumer $0.2MQ3 2024Q2 2026
Deposit mix
83%Interest-bearing $639.3M17%Noninterest $127.3MQ3 2024Q2 2026

Market Position · Boston-Cambridge-Newton, MA-NH · 2026 SOD (annual) · 0.1% share · #46 of 100 inst. · $0.8B of $580.3B

0.7% Middlesex
0.5% Essex

Executive Summary

  • Earnings: ROA of 0.44%, up 45 bps year over year; NIM at 2.42%.
  • Asset quality: problem loans at 0.17% of loans (-162 bps YoY), with net charge-offs at 0.00%.
  • Capital: tier 1 leverage ratio of 9.45%, down 22 bps from a year ago.
  • Funding: loans stand at 84.22% of deposits as of Q2 2026.

Return on Assets (YTD, annualized)

0.44%1+45 bps YoY

Net Interest Margin (YTD, annualized)

2.42%+3 bps YoY

Efficiency Ratio (YTD, annualized)

94.41%+88 bps YoY

Tier 1 Leverage Ratio

9.45%-22 bps YoY

NIM

3.91%Q2 ’244.30%Q2 ’254.33%Q2 ’26+22%+1%

Non-interest income vs. expense

2.80%Q2 ’242.83%Q2 ’252.94%Q2 ’26+2%+2%

Year to date, annualized, through each quarter.

MetricQ3 2024Q4 2024Q1 2025Q2 2025Q3 2025Q4 2025Q1 2026Q2 2026YoY ΔTrend
Earnings
Return on Assets0.20%10.04%10.14%1-0.01%0.17%10.17%10.12%0.44%1+45 bps
Return on Equity2.08%0.38%1.46%-0.14%1.84%1.76%1.31%4.66%+480 bps
Net Interest Margin1.97%1.99%2.23%2.40%2.37%2.36%2.43%2.42%+3 bps
Efficiency Ratio106.53%105.34%100.02%93.53%93.34%93.37%96.27%94.41%+88 bps
Non-Interest Burden2.13%2.11%2.21%2.18%2.15%2.14%2.29%2.23%+5 bps
Growth
Asset Growth (YoY)8.54%5.42%2.12%3.01%1.73%5.64%3.70%6.51%+350 bps
Loan Growth (YoY)9.06%6.20%6.61%3.09%1.48%2.80%1.05%6.03%+294 bps
Deposit Growth (YoY)1.59%4.44%1.06%2.62%5.50%4.69%3.02%5.23%+262 bps
Asset Quality
Nonperforming Loans / Loans2.17%2.38%2.17%1.79%0.15%0.15%0.22%0.17%-162 bps
Net Charge-Offs / Loans0.00%0.00%0.01%0.01%0.72%0.53%0.00%0.00%0 bps
Allowance / Loans0.95%0.97%0.97%1.28%0.73%0.74%0.76%0.76%-52 bps
Allowance Coverage of NPLs0.4x0.4x0.4x0.7x5.0x5.0x3.4x4.3x+3.6x
Capital
Tier 1 Leverage Ratio9.95%9.55%9.73%9.67%9.78%9.67%9.60%9.45%-22 bps
Total Risk-Based Capital9.95%9.55%9.73%9.67%9.78%9.67%9.60%9.45%-22 bps
Equity / Assets9.59%9.27%9.43%9.46%9.57%9.40%9.49%9.36%-10 bps
Liquidity & Funding
Loans / Deposits85.95%83.23%83.00%83.58%82.67%81.73%81.41%84.22%+63 bps
Liquid Assets / Assets1.98%0.94%1.27%1.39%0.63%1.83%1.70%0.72%-68 bps
CRE / Total Capitaln/an/an/an/a216%223%219%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. 1 One-time gains made up most of net income in the marked periods. Year to date through Q2 2026, gains on securities were $1.9M before tax, about $1.4M after an assumed 27% tax, or 71% of net income. Excluding them, ROA would be much lower. Source: Call Report Schedule RI, items 6.a, 6.b and 8.b.

CallReports · callreports.ai· Performance TrendsGenerated 2026-10-11

Savings Bank, The

Wakefield, MA · Cert 90291 · Peer group: banks under $1B in assets in the Boston-Cambridge-Newton, MA-NH area (n=28-29) · Wakefield Bcorp MHC

SI · FDIC · 9 branches

Q2 2026

$891.0MAssets
$645.6MLoans
$766.6MDeposits
$83.4MEquity

Executive Summary

  • Strongest standing: return on assets outperforms 62% of banks under $1B in assets in the Boston-Cambridge-Newton, MA-NH area (rank 11 of 29).
  • Widest gap: total risk-based capital ratio trails 93% of banks under $1B in assets in the Boston-Cambridge-Newton, MA-NH area (rank 27 of 29).
  • Overall: at or above the peer median on 2 of 9 directional measures.

Return on Assets

0.43%

Rank 11 of 29

Net Interest Margin

2.42%

Rank 22 of 29

Efficiency Ratio

94.41%

Rank 23 of 29

Equity / Assets

9.36%

Rank 18 of 29

Non-interest income vs. expense

$6.4M$26.4MINCOMEEXPENSE
Unfavorable gap of $20.0M · efficiency ratio beats 24% of banks under $1B in assets in the Boston-Cambridge-Newton, MA-NH area
Bank 94.41%Peer median 84.1%Q3 2024Q2 2026Shaded: peer 25th to 75th percentile
MetricYour BankPeer 25thPeer MedianPeer 75thStandingRank8-Qtr TrendPeer Position
Earnings
Return on Assets0.43%0.23%0.39%0.50%Beats 62%11 / 29
Return on Equity4.61%2.29%3.46%5.78%Beats 59%12 / 29
Net Interest Margin2.42%2.42%2.71%3.01%Beats 24%22 / 29
Efficiency Ratio94.41%78.96%84.14%93.09%Beats 24%23 / 29
Asset Quality
Nonperforming Loans / Loans0.17%0.03%0.13%0.43%Beats 45%17 / 29
Net Charge-Offs / Loans0.00%n/a0.00%0.00%Beats 28%22 / 29
Capital
Tier 1 Capital Ratio9.45%11.54%13.48%16.99%Beats 7%27 / 29
Total Risk-Based Capital Ratio9.45%11.54%14.44%17.87%Beats 7%27 / 29
Equity / Assets9.36%8.70%9.70%11.05%Beats 38%18 / 29
Liquidity & Funding
Loans / Deposits84.22%84.22%92.17%95.56%25th pctl21 / 28
Loans / Assets72.46%69.12%73.70%81.02%34th pctl19 / 29
Brokered Deposits / Depositsn/aNot reported for this institution