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Winchester Savings Bank

Winchester, MA · Cert 90308 · Winchester Bcorp MHC

SI · FDIC · 5 branches

Q2 2026

Board Package

Performance Trends and Peer Comparison

Part 1Performance Trends, own institution only2
Part 2Peer Comparison, banks $1B-$10B 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 $1B-$10B in assets in the Boston-Cambridge-Newton, MA-NH area (n=27). 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

5

Q2 2024Q2 2026peer median (50)

Asset Quality

74

Q2 2024Q2 2026peer median (50)

Profitability

16

Q2 2024Q2 2026peer median (50)

Liquidity

55

Q2 2024Q2 2026peer median

Efficiency

37

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

Winchester Savings Bank

Winchester, MA · Cert 90308 · Winchester Bcorp MHC

SI · FDIC · 5 branches

Q2 2026

$1.1BAssets
$875.9MLoans
$817.7MDeposits
$101.3MEquity
Loan mix
99%RE $840.7M0%C&I $4.1M0%Consumer $0.2MQ3 2024Q2 2026
Deposit mix
92%Interest-bearing $748.2M8%Noninterest $69.5MQ3 2024Q2 2026

Market Position · Boston-Cambridge-Newton, MA-NH · 2026 SOD (annual) · 0.1% share · #38 of 100 inst. · $0.8B of $580.3B

0.9% Middlesex
0.2% Essex

Executive Summary

  • Earnings: ROA of 0.42%, up 22 bps year over year; NIM at 2.46%.
  • Asset quality: problem loans at 0.18% of loans (-11 bps YoY), with net charge-offs at 0.00%.
  • Capital: tier 1 leverage ratio of 9.63%, down 85 bps from a year ago.
  • Funding: loans stand at 107.11% of deposits as of Q2 2026.

Return on Assets (YTD, annualized)

0.42%+22 bps YoY

Net Interest Margin (YTD, annualized)

2.46%+37 bps YoY

Efficiency Ratio (YTD, annualized)

73.92%-1,112 bps YoY

Tier 1 Leverage Ratio

9.63%-85 bps YoY

NIM

4.49%Q2 ’244.70%Q2 ’254.87%Q2 ’26+22%+18%

Non-interest income vs. expense

1.78%Q2 ’241.89%Q2 ’251.91%Q2 ’26+7%+2%

Year to date, annualized, through each quarter.

MetricQ3 2024Q4 2024Q1 2025Q2 2025Q3 2025Q4 2025Q1 2026Q2 2026YoY ΔTrend
Earnings
Return on Assets-0.05%0.00%10.13%0.20%0.25%0.29%0.42%0.42%+22 bps
Return on Equity-0.56%0.05%1.51%2.12%2.62%3.02%4.31%4.38%+227 bps
Net Interest Margin1.68%1.69%1.96%2.09%2.17%2.16%2.45%2.46%+37 bps
Efficiency Ratio96.59%93.78%91.10%85.04%83.33%80.84%73.70%73.92%-1,112 bps
Non-Interest Burden1.62%1.57%1.77%1.75%1.79%1.72%1.77%1.79%+3 bps
Growth
Asset Growth (YoY)13.54%11.20%12.75%9.71%13.53%12.23%13.33%16.25%+654 bps
Loan Growth (YoY)12.92%11.52%11.01%10.21%12.08%10.37%15.56%15.92%+571 bps
Deposit Growth (YoY)9.98%9.88%15.83%7.00%11.78%13.43%12.18%19.90%+1,290 bps
Asset Quality
Nonperforming Loans / Loans0.23%0.27%0.26%0.29%0.24%0.45%0.20%0.18%-11 bps
Net Charge-Offs / Loans0.26%0.18%0.03%0.01%0.05%0.08%0.01%0.00%-1 bps
Allowance / Loans0.47%0.50%0.49%0.55%0.55%0.55%0.54%0.55%0 bps
Allowance Coverage of NPLs2.0x1.9x1.9x1.9x2.2x1.2x2.7x3.0x+1.1x
Capital
Tier 1 Leverage Ratio9.50%9.29%9.06%10.48%10.52%10.17%10.00%9.63%-85 bps
Total Risk-Based Capital9.50%9.29%9.06%10.48%10.52%10.17%10.00%9.63%-85 bps
Equity / Assets9.19%8.97%8.76%10.32%9.89%9.88%9.56%9.32%-100 bps
Liquidity & Funding
Loans / Deposits110.46%109.95%103.72%110.79%110.76%106.98%106.86%107.11%-368 bps
Liquid Assets / Assets10.06%9.50%11.85%10.48%11.10%10.53%10.10%10.09%-39 bps
CRE / Total Capitaln/an/an/an/a404%401%415%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.

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

Winchester Savings Bank

Winchester, MA · Cert 90308 · Peer group: banks $1B-$10B in assets in the Boston-Cambridge-Newton, MA-NH area (n=27) · Winchester Bcorp MHC

SI · FDIC · 5 branches

Q2 2026

$1.1BAssets
$875.9MLoans
$817.7MDeposits
$101.3MEquity

Executive Summary

  • Strongest standing: nonperforming loans / loans outperforms 81% of banks $1B-$10B in assets in the Boston-Cambridge-Newton, MA-NH area (rank 6 of 27).
  • Widest gap: total risk-based capital ratio trails 100% of banks $1B-$10B in assets in the Boston-Cambridge-Newton, MA-NH area (rank 27 of 27).
  • Overall: at or above the peer median on 2 of 9 directional measures.

Return on Assets

0.40%

Rank 23 of 27

Net Interest Margin

2.46%

Rank 23 of 27

Efficiency Ratio

73.92%

Rank 18 of 27

Equity / Assets

9.32%

Rank 23 of 27

Non-interest income vs. expense

$1.3M$20.3MINCOMEEXPENSE
Unfavorable gap of $19.0M · efficiency ratio beats 37% of banks $1B-$10B in assets in the Boston-Cambridge-Newton, MA-NH area
Bank 73.92%Peer median 68.2%Q4 2025Q2 2026Shaded: peer 25th to 75th percentile
MetricYour BankPeer 25thPeer MedianPeer 75thStandingRank8-Qtr TrendPeer Position
Earnings
Return on Assets0.40%0.48%0.78%0.99%Beats 15%23 / 27
Return on Equity4.33%5.50%7.06%8.20%Beats 19%22 / 27
Net Interest Margin2.46%2.49%2.70%3.34%Beats 15%23 / 27
Efficiency Ratio73.92%59.27%68.19%75.85%Beats 37%18 / 27
Asset Quality
Nonperforming Loans / Loans0.18%0.20%0.58%1.15%Beats 81%6 / 27
Net Charge-Offs / Loans0.00%0.00%0.01%0.05%Beats 67%10 / 27
Capital
Tier 1 Capital Ratio9.63%13.21%14.69%16.81%Beats 0%27 / 27
Total Risk-Based Capital Ratio9.63%13.71%15.43%18.07%Beats 0%27 / 27
Equity / Assets9.32%9.62%11.14%13.14%Beats 15%23 / 27
Liquidity & Funding
Loans / Deposits107.11%91.42%101.19%107.11%74th pctl7 / 27
Loans / Assets80.56%75.31%80.56%83.39%48th pctl14 / 27
Brokered Deposits / Depositsn/aNot reported for this institution