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

Needham Bank

Needham, Massachusetts · $7.42B in assets · beside the 11 other Massachusetts banks between $3B and $10B

The filing

+42.8%
Loans, year over year
1st of 12, largest first
314.5%
CRE / capital
10th of 12
40.5%
CRE / loans
9th of 12

Needham Bank is the second largest of the 12 Massachusetts banks nearest its size between $3B and $10B, with $7.42B in assets at 30 June 2026. Loans are 102.6% of deposits, 5th of 12 against a median of 102.9%, and equity is 10.9% of assets, 8th of 12. Loans grew +42.8% in the year, the fastest in the cohort, and deposits grew 47.8%; the cohort's median loan growth is +5.1%.

Noncurrent loans are 0.43% of the book, 5th of 12 against a median of 0.52%; 0.73% is 30 to 89 days past due, and the allowance covers them 3.0 times. Net charge-offs are 0.45% of loans, the highest in the cohort. Commercial real estate is 40.5% of loans, 9th of 12 against a median of 35.5%, and 314% of capital, above the 300% screen, with construction at 91% against the 100% screen. CRE has grown +80.5% over 36 months, past the guidance's 50% prong.

Return on assets is 1.01%, 5th of 12 against a median of 0.91%, on an efficiency ratio of 59.3%, 4th of 12. Five years ago it was 0.55%. The question is what the concentration does under a commercial real estate stress, and how much of it is owner-occupied (owner-occupied nonresidential is 12.6% of loans).

Commercial real estate against capital, the 300% screenMA banks $3B to $10B · 30 June 2026 · lower is stronger, listed first
median 240% CC Cape Cod Five Cents Savings Bank 77% IS Institution Savings Newburyport & 128% BC Bristol County Savings Bank 169% NB Northern Bank & Trust Co. 181% MS Middlesex Savings Bank 196% LB Leader Bank National Association 229% SF Salem Five Cents Savings Bank 251% TB Trunorth Bank 260% P Peoplesbank 274% NB Needham Bank 314% CS Cambridge Savings Bank 339% HI Hingham Institution for Savings 525%
Loans, year over yearMA banks $3B to $10B · 30 June 2026 · no better direction, largest first
median +5.1% NB Needham Bank +42.8% LB Leader Bank National Association +10.2% BC Bristol County Savings Bank +8.9% TB Trunorth Bank +7.5% SF Salem Five Cents Savings Bank +6.7% MS Middlesex Savings Bank +6.4% NB Northern Bank & Trust Co. +3.8% P Peoplesbank +3.1% IS Institution Savings Newburyport & +2.6% CS Cambridge Savings Bank +0.9% HI Hingham Institution for Savings -0.7% CC Cape Cod Five Cents Savings Bank -5.1%

SBA 7(a), FY2008 to FY2026

Needham Bank is the 20th largest 7(a) lender into Massachusetts of 309, with $75M across 314 loans, 1.2% of everything approved in the state (Eastern Bank leads with $778M). 15 of its 27 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
Rockingham, NH$44M1st of 1088.0%quiet FY2022
Essex, MA$20M9th of 1292.5%-2.1 pts
Middlesex, MA$15M25th of 1901.0%-0.2 pts
Norfolk, MA$15M12th of 1451.9%-5.9 pts
Worcester, MA$11M19th of 1401.4%-1.7 pts
Strafford, NH$9M5th of 575.7%quiet FY2022
Plymouth, MA$7M17th of 1071.3%-0.8 pts
Hillsborough, NH$6M19th of 1171.3%thin
Suffolk, MA$6M23rd of 1301.0%-0.5 pts
Southeastern Ct, CT$5M3rd of 436.7%quiet FY2022
Grafton, NH$5M7th of 564.0%quiet FY2017
York, ME$2M21st of 671.0%quiet FY2018
Merrimack, NH$2M24th of 621.0%-1.8 pts
14 smaller markets not shown.
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
Manufacturing67$23M15.0%0.06%271st of 2,246
Arts, entertainment & recreation33$20M13.1%0.14%118th of 1,656
Accommodation & food services79$17M10.9%0.02%418th of 2,596
Professional & technical services67$16M10.6%0.05%214th of 1,955
Retail trade64$16M10.1%0.03%363rd of 2,589
7(a) lenders into Massachusetts, share of approvals since FY2008309 lenders on record; the ten largest and Needham 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 NB Needham Bank 1.2% $75M · 314 loans

Commercial real estate against capital

Commercial real estate concentrationthe 2006 interagency screens against total risk-based capital; owner-occupied excluded; bold marks a screen met
Needham BankRankCohort median
Total CRE against capital, the 300% screen314%10th of 12240%
Construction against capital, the 100% screen91%12th of 1229%
Construction and land development, share of loans11.7%11th of 125.0%
Non-owner-occupied nonfarm nonresidential, share of loans20.1%7th of 1219.4%
Total CRE, the guidance definition, share of loans40.5%9th of 1235.5%
CRE growth over 36 months, the third prong+80.5%12th of 12+12.1%

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
Salem Five Cents Savings Bank$8.82B1.0%56.7%0.36%0.00%1.2%113.0%11.5%
Needham Bank$7.42B1.0%59.3%0.43%0.45%1.3%102.6%10.9%
Cambridge Savings Bank$6.98B0.4%75.9%1.26%0.09%1.0%108.8%10.2%
Middlesex Savings Bank$6.15B0.7%68.2%0.33%0.01%0.9%73.2%13.1%
Cape Cod Five Cents Savings Bank$5.62B0.7%71.8%0.47%0.02%0.5%95.7%10.6%
Institution Savings Newburyport &$5.56B1.1%74.0%0.04%0.00%0.3%126.5%12.5%
Leader Bank National Association$5.28B0.9%63.4%0.03%0.00%1.0%102.9%10.5%
Peoplesbank$4.62B0.4%72.0%0.57%0.21%0.6%100.3%8.9%
Hingham Institution for Savings$4.56B1.2%36.3%0.78%0.00%0.8%150.5%11.1%
Northern Bank & Trust Co.$3.38B1.9%47.1%2.07%0.07%2.2%102.9%14.1%
Trunorth Bank$3.32B1.0%60.9%0.58%0.12%0.5%92.7%14.7%
Bristol County Savings Bank$3.26B0.6%77.5%0.60%0.06%0.9%103.5%14.4%
Five years, 2021 to 2026same quarter, five years apart; dollars as growth, ratios in points
Needham BankCohort median
20212026Change20212026Change
Loans$2.10B$6.48B+209%$2.50B$4.10B+64%
Deposits$2.44B$6.32B+159%$2.60B$3.89B+49%
NPA / loans0.43%0.43%-0.01 pts0.45%0.52%+0.07 pts
Efficiency69.8%59.3%-10.6 pts61.0%65.8%+4.8 pts
ROA0.55%1.01%+0.46 pts1.26%0.91%-0.35 pts

This read was prepared for Needham 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 Needham 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 $3B to $10B
Institution www.needhambank.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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