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South Shore Bank

South Weymouth, MA · Cert 90303 · Charlesbridge MHC

State charter, Fed member · FED · 1 affiliate bank · 13 branches (28 in holding)

Q2 2026

$2.5BAssets
$1.7BLoans
$2.2BDeposits
$242.8MEquity
Loan mix
81%RE $1.4B18%C&I $0.3B0%Consumer $0.0BQ2 2025Q2 2026
Deposit mix
80%Interest-bearing $1.8B20%Noninterest $0.4BQ2 2025Q2 2026

NIM

4.64%Q2 ’244.72%Q2 ’254.71%Q2 ’26+2%+5%

Non-interest income vs. expense

2.20%Q2 ’242.21%Q2 ’252.15%Q2 ’26+1%-5%

Market Position · Boston-Cambridge-Newton, MA-NH · 2026 SOD (annual) · 0.4% share · #19 of 100 inst. · $2.2B of $580.3B

3.6% Norfolk
2.2% Plymouth

Executive Summary

  • Earnings: ROA of 0.72%, up 17 bps year over year; NIM at 2.80%.
  • Asset quality: problem loans at 0.24% of loans (-11 bps YoY), with net recoveries of 0.05%.
  • Capital: tier 1 leverage ratio of 10.10%, up 1 bps from a year ago.
  • Funding: loans stand at 76.75% of deposits as of Q2 2026.

Financial Results

Return on Assets (quarter, annualized)

0.72%+17 bps YoY

Net Interest Margin (quarter, annualized)

2.80%+15 bps YoY

Efficiency Ratio (quarter, annualized)

69.02%-623 bps YoY

Tier 1 Leverage Ratio

10.10%+1 bps YoY

Discrete quarter, annualized.

MetricQ2 2025Q3 2025Q4 2025Q1 2026Q2 2026YoY ΔTrend
Earnings
Return on Assets0.54%0.83%0.89%0.69%0.72%+17 bps
Return on Equity5.78%8.85%9.39%7.28%7.56%+178 bps
Net Interest Margin2.65%2.93%2.92%2.75%2.80%+15 bps
Efficiency Ratio75.25%66.20%66.08%68.75%69.02%-623 bps
Non-Interest Burden1.93%1.78%1.80%1.81%1.84%-9 bps
Growth
Asset Growth (YoY)9.54%9.00%9.65%11.66%5.30%-423 bps
Loan Growth (YoY)5.20%8.18%6.36%7.37%7.72%+252 bps
Deposit Growth (YoY)9.27%9.05%8.87%11.61%5.13%-414 bps
Asset Quality
Nonperforming Loans / Loans0.35%0.33%0.26%0.21%0.24%-11 bps
Net Charge-Offs / Loans0.01%0.01%0.01%0.04%-0.05%-6 bps
Allowance / Loans0.96%0.93%0.93%0.90%0.91%-5 bps
Allowance Coverage of NPLs2.7x2.9x3.6x4.2x3.8x+1.1x
Capital
Tier 1 Leverage Ratio10.09%10.33%10.42%10.06%10.10%+1 bps
Total Risk-Based Capital15.17%14.87%15.05%14.78%14.77%-40 bps
Equity / Assets9.29%9.39%9.60%9.37%9.62%+33 bps
Liquidity & Funding
Loans / Deposits74.91%75.76%76.27%74.65%76.75%+184 bps
Liquid Assets / Assets7.22%7.52%7.43%8.45%5.90%-132 bps
CRE / Total Capitaln/a378%372%377%n/an/a