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Q2 2026 · read from the 30 June 2026 Call Report · United States · New England · Massachusetts, the state note

Florence Bank

Florence, Massachusetts · $2.01B in assets · beside the 11 other Massachusetts banks between $1B and $3B

The filing

71.5%
Loans / deposits
1st of 12
161.2%
CRE / capital
2nd of 12
68.3%
Efficiency
3rd of 12

Florence Bank is the fourth largest of the 12 Massachusetts banks nearest its size between $1B and $3B, with $2.01B in assets at 30 June 2026. Loans are 71.5% of deposits, the lowest in the cohort against a median of 92.9%, and equity is 10.7% of assets, 5th of 12. Loans grew +6.6% in the year, 3rd of 12, and deposits grew 6.0%; the cohort's median loan growth is +2.7%.

Noncurrent loans are 0.46% of the book, 4th of 12 against a median of 0.99%; 0.07% is 30 to 89 days past due, and the allowance covers them 1.5 times. Commercial real estate is 31.4% of loans, 6th of 12 against a median of 31.8%, and 161% of capital, below the 300% screen, with construction at 12% against the 100% screen.

Return on assets is 0.71%, 5th of 12 against a median of 0.57%, on an efficiency ratio of 68.3%, 3rd of 12. Five years ago it was 0.55%. The question this shape raises is what the liquidity earns, and what a rate path does to the securities book and the deposit base.

Loans as a share of depositsMA banks $1B to $3B · 30 June 2026 · lower is stronger, listed first
median 92.9% FB Florence Bank 71.5% NE North Easton Savings Bank 82.3% MS Main Street Bank 90.1% LF Lowell Five Cent Savings Bank 90.2% BB Bluestone Bank 90.6% B Bankesb 91.2% VB Village Bank 94.5% EC East Cambridge Savings Bank 100.2% CB Country Bank for Savings 101.6% CC Cape & Coast Bank 104.3% FR Fall River Five Cents Savings Bank 105.2% EC Everett Coop Bank 116.6%
Loans, year over yearMA banks $1B to $3B · 30 June 2026 · no better direction, largest first
median +2.7% LF Lowell Five Cent Savings Bank +9.0% EC Everett Coop Bank +8.5% FB Florence Bank +6.6% CB Country Bank for Savings +4.6% EC East Cambridge Savings Bank +4.0% VB Village Bank +3.4% CC Cape & Coast Bank +2.0% NE North Easton Savings Bank +1.9% BB Bluestone Bank -0.2% FR Fall River Five Cents Savings Bank -2.0% MS Main Street Bank -5.1% B Bankesb -6.2%

SBA 7(a), FY2008 to FY2026

Florence Bank is the 60th largest 7(a) lender into Massachusetts of 309, with $18M across 138 loans, 0.3% of everything approved in the state (Eastern Bank leads with $778M). 2 of its 5 markets have had no approvals since before FY2023: an absence in the record, not a stated withdrawal.

Where it lends in Massachusetts, and where it has gone quietshare movement, FY2023 to FY2025 against FY2020 to FY2022; outlined counties are on the book
Gaining shareLosing shareFlatGone quiet: nothing since FY2023Too thin to read a directionNo record
Every market on the book, largest firstrank and share among every lender in the county, FY2008 to FY2026
CountyApprovedRankShareTrend
Hampshire, MA$10M1st of 5512.1%-1.1 pts
Hampden, MA$6M11th of 832.2%+5.4 pts
Franklin, MA$2M9th of 344.6%thin
Worcester, MA$150K123rd of 1400.0%quiet FY2008
Essex, MA$25K128th of 1290.0%quiet FY2021
What it lends to: the five largest industries on the bookshare of book is concentration; share of sector and rank are position, among every 7(a) lender nationally
IndustryLoansApprovedShare of bookShare of sectorRank
Wholesale trade2$4M21.0%0.01%531st of 1,651
Professional & technical services19$2M13.9%0.01%661st of 1,955
Retail trade15$2M12.7%0.00%1110th of 2,589
Other services13$2M10.4%0.01%919th of 2,248
Accommodation & food services15$2M9.5%0.00%1327th of 2,596
7(a) lenders into Massachusetts, share of approvals since FY2008309 lenders on record; the ten largest and Florence Bank
EB Eastern Bank 12.2% $778M · 8,606 loans LO Live Oak Banking Company 6.9% $442M · 354 loans RT Rockland Trust Company 6.7% $426M · 1,996 loans TB TD Bank, National Association 4.6% $295M · 2,208 loans CB Citizens Bank, National Associati… 4.1% $261M · 1,649 loans BB Beacon Bank and Trust 3.8% $246M · 1,377 loans WB Webster Bank National Association 3.1% $202M · 579 loans SF Salem Five Cents Savings Bank 2.8% $179M · 667 loans Ma Manufacturers and Traders Trust C… 2.2% $142M · 794 loans LB Leader Bank, National Association 2.0% $126M · 675 loans FB Florence Bank 0.3% $18M · 138 loans

Commercial real estate against capital

Commercial real estate concentrationthe 2006 interagency screens against total risk-based capital; Tier 1 stands in for the 3 CBLR filers, Florence Bank among them; owner-occupied excluded; bold marks a screen met
Florence BankRankCohort median
Total CRE against capital, the 300% screen161%2nd of 12246%
Construction against capital, the 100% screen12%1st of 1241%
Construction and land development, share of loans2.3%2nd of 125.8%
Non-owner-occupied nonfarm nonresidential, share of loans24.0%10th of 1219.0%
Total CRE, the guidance definition, share of loans31.4%6th of 1231.8%
CRE growth over 36 months, the third prong+37.5%10th of 12+14.3%

Among its peers

Where it sits among its peersnavy: the stronger half of each column; amber: the weaker; darker at the ends
InstitutionAssetsROAEfficiencyNPA / loansNet charge-offsAllowance / loansLoans / depositsEquity / assets
Country Bank for Savings$2.24B0.8%70.0%1.14%0.00%1.0%101.6%14.2%
Village Bank$2.07B0.5%75.9%0.23%0.00%0.5%94.5%8.5%
Bankesb$2.02B0.5%69.6%1.67%0.08%1.2%91.2%9.7%
Florence Bank$2.01B0.7%68.3%0.46%0.01%0.7%71.5%10.7%
Lowell Five Cent Savings Bank$1.90B0.8%61.7%1.03%0.01%1.3%90.2%12.3%
Fall River Five Cents Savings Bank$1.86B0.4%83.5%0.73%-0.02%0.7%105.2%7.4%
North Easton Savings Bank$1.84B0.8%71.8%1.64%0.03%0.5%82.3%11.4%
Cape & Coast Bank$1.68B0.5%77.4%0.94%0.00%0.7%104.3%9.6%
Everett Coop Bank$1.67B0.8%56.5%0.10%0.00%0.7%116.6%9.7%
Main Street Bank$1.67B0.6%75.7%1.69%-0.02%0.9%90.1%11.0%
East Cambridge Savings Bank$1.66B0.4%81.9%0.20%0.00%0.6%100.2%9.4%
Bluestone Bank$1.62B0.3%83.1%1.04%0.16%0.6%90.6%8.1%
Five years, 2021 to 2026same quarter, five years apart; dollars as growth, ratios in points
Florence BankCohort median
20212026Change20212026Change
Loans$1.03B$1.28B+24%$983M$1.43B+45%
Deposits$1.64B$1.79B+9%$1.18B$1.50B+28%
NPA / loans0.32%0.46%+0.14 pts0.36%0.99%+0.62 pts
Efficiency67.0%68.3%+1.2 pts69.1%73.7%+4.6 pts
ROA0.55%0.71%+0.16 pts0.72%0.57%-0.15 pts

This read was prepared for Florence Bank's board and management from the public record, and is one slice of what Lynx builds for any bank from its own filing: the peer cohort, the capital, liquidity and rate models with the assumptions the institution sets, and a summary report of twenty sections for the board.

The full pack on Florence Bank is prepared on request, and thirty days on the institution's own numbers are open to anyone at the bank.

Ask for the pack

Prepared 7 September 2026
Filing 30 June 2026
Cohort MA banks $1B to $3B
Institution www.florencebank.com

Public record only: FFIEC Call Report, 30 June 2026; FDIC data; cohort by state and asset band; SBA 7(a) FOIA release as of the 2026 file, loans credited to the institution holding them today. Computed from the institution's own Call Report and its peers' as published; no estimate, no adjustment; not a rating, not an audited statement and not a supervisory judgement.
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