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

Trunorth Bank

Massachusetts · $3.32B in assets · beside the 11 other Massachusetts banks between $3B and $10B

The filing

14.7%
Equity / assets
1st of 12
0.9x
Coverage of noncurrent
11th of 12
92.7%
Loans / deposits
3rd of 12

Trunorth Bank is the tenth largest of the 12 Massachusetts banks nearest its size between $3B and $10B, with $3.32B in assets at 30 June 2026. Loans are 92.7% of deposits, 3rd of 12 against a median of 102.7%, and equity is 14.7% of assets, the highest in the cohort. Loans grew +7.5% in the year, 4th of 12, and deposits grew 12.6%; the cohort's median loan growth is +3.5%.

Noncurrent loans are 0.58% of the book, 7th of 12 against a median of 0.57%; 0.32% is 30 to 89 days past due, and the allowance covers them 0.9 times. Net charge-offs are 0.12% of loans, 10th of 12. Commercial real estate is 39.4% of loans, 8th of 12 against a median of 33.5%, and 260% of capital, below the 300% screen, with construction at 40% against the 100% screen. CRE has grown +74.0% over 36 months, past the guidance's 50% prong.

Return on assets is 1.04%, 4th of 12 against a median of 0.92%, on an efficiency ratio of 60.9%, 5th of 12. Five years ago it was 0.98%. The question is what the capital is for: the balance sheet carries less risk than it could.

Equity as a share of assetsMA banks $3B to $10B · 30 June 2026 · higher is stronger, listed first
median 11.0% TB Trunorth Bank 14.7% BC Bristol County Savings Bank 14.4% NB Northern Bank & Trust Co. 14.1% MS Middlesex Savings Bank 13.1% IS Institution Savings Newburyport & 12.5% HI Hingham Institution for Savings 11.1% NB Needham Bank 10.9% CC Cape Cod Five Cents Savings Bank 10.6% LB Leader Bank National Association 10.5% CS Cambridge Savings Bank 10.2% P Peoplesbank 8.9% Uf Unibank for Savings 7.6%
Loans, year over yearMA banks $3B to $10B · 30 June 2026 · no better direction, largest first
median +3.5% NB Needham Bank +42.8% LB Leader Bank National Association +10.2% BC Bristol County Savings Bank +8.9% TB Trunorth Bank +7.5% MS Middlesex Savings Bank +6.4% NB Northern Bank & Trust Co. +3.8% P Peoplesbank +3.1% Uf Unibank for Savings +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

Trunorth Bank is the 23rd largest 7(a) lender into Massachusetts of 309, with $63M across 252 loans, 1.0% of everything approved in the state (Eastern Bank leads with $778M). 8 of its 10 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
Essex, MA$24M6th of 1293.0%-0.9 pts
Norfolk, MA$19M7th of 1452.5%quiet FY2022
Plymouth, MA$8M14th of 1071.4%quiet FY2019
Middlesex, MA$6M48th of 1900.4%-1.0 pts
Suffolk, MA$4M37th of 1300.5%quiet FY2020
Bristol, MA$2M38th of 1120.4%quiet FY2021
Providence, RI$1M50th of 990.2%quiet FY2011
Barnstable, MA$890K39th of 840.3%quiet FY2014
Kent, RI$764K42nd of 640.3%quiet FY2013
Franklin, OH$90K162nd of 1660.0%quiet FY2019
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
Accommodation & food services32$10M15.5%0.01%566th of 2,596
Construction32$10M15.3%0.03%369th of 2,063
Retail trade33$8M13.1%0.01%533rd of 2,589
Health care & social assistance20$7M10.4%0.01%479th of 2,172
Other services30$6M8.8%0.02%501st of 2,248
7(a) lenders into Massachusetts, share of approvals since FY2008309 lenders on record; the ten largest and Trunorth 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 TB Trunorth Bank 1.0% $63M · 252 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
Trunorth BankRankCohort median
Total CRE against capital, the 300% screen260%8th of 12212%
Construction against capital, the 100% screen40%9th of 1226%
Construction and land development, share of loans6.1%9th of 124.2%
Non-owner-occupied nonfarm nonresidential, share of loans18.8%7th of 1218.3%
Total CRE, the guidance definition, share of loans39.4%8th of 1233.5%
CRE growth over 36 months, the third prong+74.0%11th of 12+7.5%

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
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%
Unibank for Savings$3.11B1.0%58.1%0.62%0.01%1.4%83.6%7.6%
Five years, 2021 to 2026same quarter, five years apart; dollars as growth, ratios in points
Trunorth BankCohort median
20212026Change20212026Change
Loans$1.16B$2.50B+115%$2.29B$3.86B+69%
Deposits$1.39B$2.70B+94%$2.46B$3.44B+40%
NPA / loans0.46%0.58%+0.12 pts0.45%0.57%+0.13 pts
Efficiency61.3%60.9%-0.4 pts62.2%65.8%+3.6 pts
ROA0.98%1.04%+0.06 pts1.12%0.92%-0.20 pts

This read was prepared for Trunorth 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 Trunorth 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

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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