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Rockland Trust Company

Rockland, MA · Cert 9712 · Independent Bank Corp.

State charter, non-member · FDIC · 151 branches

Q2 2026

Board Package

Performance Trends and Peer Comparison

Part 1Performance Trends, own institution only2
Part 2Peer Comparison, banks over $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 over $10B in assets (n=142 to 144). 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

80

Q2 2024Q2 2026peer median (50)

Asset Quality

72

Q2 2024Q2 2026peer median (50)

Profitability

58

Q2 2024Q2 2026peer median (50)

Liquidity

67

Q2 2024Q2 2026peer median

Efficiency

58

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

Rockland Trust Company

Rockland, MA · Cert 9712 · Independent Bank Corp.

State charter, non-member · FDIC · 151 branches

Q2 2026

$25.0BAssets
$18.4BLoans
$20.5BDeposits
$3.9BEquity
Loan mix
89%RE $15.9B10%C&I $1.9B0%Consumer $0.0BQ2 2025Q2 2026
Deposit mix
72%Interest-bearing $14.7B28%Noninterest $5.8BQ2 2025Q2 2026

NIM

4.36%Q2 ’244.38%Q2 ’254.73%Q2 ’26+6%+16%

Non-interest income vs. expense

2.05%Q2 ’242.17%Q2 ’252.30%Q2 ’26+4%+9%

Market Position · Boston-Cambridge-Newton, MA-NH · 2026 SOD (annual) · 2.7% share · #7 of 100 inst. · $15.4B of $580.3B

28.2% Plymouth
4.2% Middlesex
4.9% Norfolk
0.6% Suffolk

Executive Summary

  • Earnings: ROA of 1.41%, up 35 bps year over year; NIM at 3.77%.
  • Asset quality: problem loans at 0.56% of loans (+18 bps YoY), with net charge-offs at 0.06%.
  • Capital: tier 1 leverage ratio of 11.83%, down 11 bps from a year ago.
  • Funding: loans stand at 89.72% of deposits as of Q2 2026.

Financial Results

Return on Assets (YTD, annualized)

1.41%+35 bps YoY

Net Interest Margin (YTD, annualized)

3.77%+53 bps YoY

Efficiency Ratio (YTD, annualized)

51.41%-588 bps YoY

Tier 1 Leverage Ratio

11.83%-11 bps YoY

Year to date, annualized, through each quarter.

MetricQ2 2025Q3 2025Q4 2025Q1 2026Q2 2026YoY ΔTrend
Earnings
Return on Assets1.06%0.93%1.03%1.43%1.41%+35 bps
Return on Equity6.79%5.98%6.61%9.13%9.05%+226 bps
Net Interest Margin3.24%2.89%3.10%3.76%3.77%+53 bps
Efficiency Ratio57.29%58.83%58.01%52.07%51.41%-588 bps
Non-Interest Burden1.51%1.44%1.53%1.66%1.63%+13 bps
Growth
Asset Growth (YoY)3.29%28.73%28.54%24.64%24.52%+2,124 bps
Loan Growth (YoY)0.91%28.46%27.72%27.18%26.57%+2,565 bps
Deposit Growth (YoY)4.58%31.45%31.33%27.23%26.78%+2,220 bps
Asset Quality
Nonperforming Loans / Loans0.39%0.47%0.45%0.52%0.56%+18 bps
Net Charge-Offs / Loans0.65%0.36%0.29%0.10%0.06%-59 bps
Allowance / Loans0.99%1.03%1.02%1.03%1.06%+7 bps
Allowance Coverage of NPLs2.6x2.2x2.3x2.0x1.9x-0.7x
Capital
Tier 1 Leverage Ratio11.95%11.27%11.45%11.72%11.83%-11 bps
Total Risk-Based Capital16.29%15.26%15.46%15.73%15.85%-44 bps
Equity / Assets15.81%15.30%15.56%15.71%15.60%-21 bps
Liquidity & Funding
Loans / Deposits89.87%90.46%91.52%91.12%89.72%-15 bps
Liquid Assets / Assets10.30%8.26%7.31%7.11%7.85%-245 bps
CRE / Total Capitaln/a391%387%381%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

Rockland Trust Company

Rockland, MA · Cert 9712 · Peer group: banks over $10B in assets (n=142-144) · Independent Bank Corp.

State charter, non-member · FDIC · 151 branches

Q2 2026

$25.0BAssets
$18.4BLoans
$20.5BDeposits
$3.9BEquity

Executive Summary

  • Strongest standing: equity / assets outperforms 95% of banks over $10B in assets (rank 7 of 144).
  • Widest gap: return on equity trails 74% of banks over $10B in assets (rank 107 of 144).
  • Overall: at or above the peer median on 8 of 9 directional measures.

Return on Assets

1.41%

Rank 47 of 144

Net Interest Margin

3.77%

Rank 26 of 144

Efficiency Ratio

54.03%

Rank 61 of 144

Equity / Assets

15.60%

Rank 7 of 144

Non-interest income vs. expense

$163.7M$566.1MINCOMEEXPENSE
Unfavorable gap of $402.5M · efficiency ratio beats 58% of banks over $10B in assets
Bank 54.03%Peer median 56.0%Q3 2024Q2 2026Shaded: peer 25th to 75th percentile
MetricYour BankPeer 25thPeer MedianPeer 75thStandingRankPeer Position
Earnings
Return on Assets1.41%1.00%1.26%1.54%Beats 67%47 / 144
Return on Equity9.04%8.98%11.34%14.40%Beats 26%107 / 144
Net Interest Margin3.77%2.82%3.31%3.68%Beats 82%26 / 144
Efficiency Ratio54.03%49.42%56.02%62.41%Beats 58%61 / 144
Asset Quality
Nonperforming Loans / Loans0.56%0.48%0.73%1.07%Beats 64%52 / 142
Net Charge-Offs / Loans0.04%0.05%0.11%0.22%Beats 79%31 / 142
Capital
Tier 1 Capital Ratio14.86%12.07%12.98%14.92%Beats 74%38 / 144
Total Risk-Based Capital Ratio15.85%13.39%14.14%16.25%Beats 71%42 / 144
Equity / Assets15.60%9.69%11.39%12.96%Beats 95%7 / 144
Liquidity & Funding
Loans / Deposits89.72%75.72%84.92%91.56%68th pctl46 / 143
Loans / Assets73.76%59.83%69.07%74.80%69th pctl45 / 144
Brokered Deposits / Depositsn/aNot reported for this institution