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Marblehead Bank, The

Marblehead, OH · Cert 9860

FDIC · 3 branches

Q4 2024

Board Package

Performance Trends and Peer Comparison

Part 1Performance Trends, own institution only2
Part 2Peer Comparison, banks under $1B in assets3

Basis

Quarter: Q4 2024, the quarter ended December 31, 2024, 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 (n=553 to 605). 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

54

Q2 2024Q4 2024peer median (50)

Asset Quality

100

Q2 2024Q4 2024peer median (50)

Profitability

5

Q2 2024Q4 2024peer median (50)

Liquidity

0

Q2 2024Q4 2024peer median

Efficiency

4

Q2 2024Q4 2024peer 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

Marblehead Bank, The

Marblehead, OH · Cert 9860

FDIC · 3 branches

Q4 2024

$54.4MAssets
$19.5MLoans
$53.3MDeposits
$45KEquity
Loan mix
78%RE $14.5M7%C&I $1.2M15%Consumer $2.9MQ4 2023Q4 2024
Deposit mix
80%Interest-bearing $42.4M20%Noninterest $10.9MQ4 2023Q4 2024

NIM

2.78%Q4 ’223.33%Q4 ’233.63%Q4 ’24-3%-12%

Non-interest income vs. expense

2.35%Q4 ’222.56%Q4 ’233.11%Q4 ’24+10%+23%

Market Position · Sandusky, OH · 2024 SOD (annual) · 1.7% share · #12 of 14 inst. · $0.1B of $3.2B

Executive Summary

  • Earnings: ROA of -0.54%, down 60 bps year over year; NIM at 2.25%.
  • Asset quality: problem loans at 0.00% of loans (0 bps YoY), with net charge-offs at 0.00%.
  • Capital: tier 1 leverage ratio of 8.47%, up 9 bps from a year ago.
  • Funding: loans stand at 36.64% of deposits as of Q4 2024.

Financial Results

Return on Assets (YTD, annualized)

-0.54%-60 bps YoY

Net Interest Margin (YTD, annualized)

2.25%-30 bps YoY

Efficiency Ratio (YTD, annualized)

130.26%+3,494 bps YoY

Tier 1 Leverage Ratio

8.47%+9 bps YoY

Year to date, annualized, through each quarter.

MetricQ4 2023Q1 2024Q2 2024Q3 2024Q4 2024YoY ΔTrend
Earnings
Return on Assets0.06%-0.56%-0.54%-0.85%-0.54%-60 bps
Return on Equity22.54%-88.53%-90.87%-95.59%-73.52%-9,606 bps
Net Interest Margin2.55%2.20%2.20%2.19%2.25%-30 bps
Efficiency Ratio95.32%113.55%116.94%132.20%130.26%+3,494 bps
Non-Interest Burden2.42%2.51%2.60%2.94%2.97%+55 bps
Growth
Asset Growth (YoY)1.74%-0.82%-3.92%-3.78%-8.40%-1,014 bps
Loan Growth (YoY)7.67%4.86%0.36%-5.22%-7.06%-1,473 bps
Deposit Growth (YoY)-4.39%-4.01%-8.39%-3.31%-4.25%+14 bps
Asset Quality
Nonperforming Loans / Loans0.00%0.00%0.00%0.00%0.00%0 bps
Net Charge-Offs / Loans0.00%0.00%0.00%0.00%0.00%0 bps
Allowance / Loans1.08%1.21%1.25%1.21%1.22%+14 bps
Allowance Coverage of NPLsn/an/an/an/an/an/an/a
Capital
Tier 1 Leverage Ratio8.38%8.34%8.27%8.04%8.47%+9 bps
Total Risk-Based Capital21.73%21.70%21.95%21.42%21.81%+8 bps
Equity / Assets0.94%0.33%0.49%1.84%0.08%-86 bps
Liquidity & Funding
Loans / Deposits37.74%37.73%37.16%35.89%36.64%-111 bps
Liquid Assets / Assets4.06%4.74%4.58%3.23%3.22%-84 bps
CRE / Total Capitaln/an/an/an/an/an/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

Marblehead Bank, The

Marblehead, OH · Cert 9860 · Peer group: banks under $1B in assets (n=553-605)

FDIC · 3 branches

Q4 2024

$54.4MAssets
$19.5MLoans
$53.3MDeposits
$45KEquity

Executive Summary

  • Strongest standing: nonperforming loans / loans outperforms 100% of banks under $1B in assets (rank 79 of 553).
  • Widest gap: equity / assets trails 100% of banks under $1B in assets (rank 604 of 604).
  • Overall: at or above the peer median on 4 of 9 directional measures.

Return on Assets

-0.57%

Rank 571 of 605

Net Interest Margin

2.25%

Rank 542 of 604

Efficiency Ratio

130.26%

Rank 581 of 603

Equity / Assets

0.08%

Rank 604 of 604

Non-interest income vs. expense

$0.1M$1.9MINCOMEEXPENSE
Unfavorable gap of $1.8M · efficiency ratio beats 4% of banks under $1B in assets
Bank 130.26%Peer median 71.7%Q2 2024Q4 2024Shaded: peer 25th to 75th percentile
MetricYour BankPeer 25thPeer MedianPeer 75thStandingRankPeer Position
Earnings
Return on Assets-0.57%0.44%0.82%1.25%Beats 6%571 / 605
Return on Equity-691%4.73%8.49%12.27%Beats 0%604 / 604
Net Interest Margin2.25%2.67%3.19%3.72%Beats 10%542 / 604
Efficiency Ratio130.26%60.42%71.67%83.77%Beats 4%581 / 603
Asset Quality
Nonperforming Loans / Loans0.00%0.07%0.31%0.86%Beats 100%79 / 553
Net Charge-Offs / Loans0.00%0.00%0.03%0.13%Beats 100%100 / 553
Capital
Tier 1 Capital Ratio20.83%11.06%13.82%18.29%Beats 80%119 / 604
Total Risk-Based Capital Ratio21.81%11.68%14.50%19.03%Beats 81%116 / 604
Equity / Assets0.08%8.17%9.66%12.64%Beats 0%604 / 604
Liquidity & Funding
Loans / Deposits36.64%63.55%78.98%91.89%5th pctl536 / 566
Loans / Assets35.85%56.22%68.51%77.12%5th pctl526 / 553
Brokered Deposits / Depositsn/aNot reported for this institution