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TruNorth Bank

$1B-$10B Specialty: Commercial MA FDIC cert 26484

Peabody, MA

30 branches across MA · NH

NEW · Q2 2026 RECAP

Your Quarter, Wrapped

A 35-second highlight reel of your Q2 — the wins worth celebrating and the one signal worth watching, pulled straight from your scorecard data.

Q2 2026 at a glance

  • 1 of 885 banks in the $1B-$10B peer group nationwide — 1 of 46 in MA.
  • Deposits +12.6% year over year ($2.7B on the books).
  • Delinquency rate 0.58%.
  • Return on assets 1.06%.
  • Efficiency ratio 56.48% vs a 59.73% peer average.
  • Loan-to-deposit ratio 92.15% vs a 85.04% peer average.

Animation disabled (reduced-motion preference). Full details in the Core Metrics table below.

885 banks in the $1B-$10B peer group nationally 46 in MA
View $1B-$10B leaderboard (MA) →

TruNorth Bank has 3 strengths but faces 4 concerns

Key Strengths include matched growth signatures, metrics ranked in the top 10%, and values meaningfully above the tier average.
Key Concerns include matched risk or decline signatures, metrics ranked in the bottom 10%, and values meaningfully below the tier average.

Key Strengths

Areas where this bank excels compared to peers

  • + Net Interest Margin 0.58% above tier average
  • + Efficiency Ratio 3.25% below tier average
  • + Delinquency Rate 0.28% below tier average

Key Concerns

Areas that may need attention

  • - Credit Quality Pressure: Bottom 24.0% in tier
  • - Credit Risk Growth: Bottom 29.3% in tier
  • - Liquidity Strain: Bottom 31.3% in tier
  • - Margin Compression: Bottom 38.8% in tier
Get updates when TruNorth Bank releases new data →

Core Metrics

As of 2026-Q2

Metric Current vs Tier Tier Avg State Avg (MA) National Avg Tier Percentile
Total Assets ? $3.3B
+12.2% YoY +1.7% QoQ
+$531.4M $2.8B
-0.6% YoY
$7.0B
+13.2% YoY
$6.3B
+7.7% YoY
75%
Total Loans ? $2.5B
+7.5% YoY +2.5% QoQ
+$526.9M $2.0B
-0.3% YoY
$2.5B
+16.1% YoY
$3.2B
+9.4% YoY
77%
Total Deposits ? $2.7B
+12.6% YoY +1.9% QoQ
+$383.5M $2.3B
-0.5% YoY
$5.6B
+14.9% YoY
$4.9B
+7.3% YoY
74%
Return on Assets ? 1.06%
-14.1% YoY -16.6% QoQ
-0.33% 1.39%
+17.0% YoY
0.66%
+38.5% YoY
1.30%
+12.1% YoY
34%
Net Interest Margin ? 4.45%
+8.7% YoY +0.0% QoQ
+0.58% 3.87%
+6.2% YoY
3.05%
+8.7% YoY
3.95%
+4.9% YoY
Top 14.1% in tier
Efficiency Ratio ? 56.48%
+7.3% YoY +14.2% QoQ
-3.25% 59.73%
-12.6% YoY
79.07%
-1.9% YoY
70.05%
+2.5% YoY
59%
Delinquency Rate ? 0.58%
+1.4% YoY +22.1% QoQ
-0.28% 0.87%
+11.7% YoY
0.74%
+5.8% YoY
0.98%
+16.3% YoY
46%
Loan-to-Deposit Ratio ? 92.15%
-4.5% YoY +0.6% QoQ
+7.11% 85.04%
-0.1% YoY
91.41%
-1.2% YoY
79.03%
+2.3% YoY
34%
Non-Interest-Bearing Deposit Share ? 21.90%
-8.5% YoY -1.6% QoQ
+0.62% 21.27%
-1.5% YoY
16.01%
-3.7% YoY
21.98%
-0.6% YoY
60%
Nonperforming Asset Ratio ? 0.44%
-2.9% YoY +23.1% QoQ
-0.24% 0.67%
+11.7% YoY
0.59%
+7.5% YoY
0.69%
+15.8% YoY
48%
Tier 1 Capital Ratio ? 15.98%
+7.2% YoY -0.1% QoQ
+1.14% 14.84%
-0.4% YoY
15.08%
+1.7% YoY
17.09%
+0.8% YoY
80%
Non-Interest Income / Assets ? 0.16%
+1.6% YoY +98.6% QoQ
-0.36% 0.53%
+2.5% YoY
0.57%
+4.1% YoY
0.66%
+5.2% YoY
23%

Additional Detail

Deposit mix, loan mix, capital, efficiency, asset quality & profitability · As of 2026-Q2

Deposit Composition

% of total deposits

Metric Current vs Tier Tier Avg State Avg (MA) National Avg Tier Percentile
Noninterest-Bearing 21.9%
-2.0pp YoY
-0.4pp QoQ
 +0.5pp 21.4% 16.2% 22.2% 60%
Brokered Deposits n/a n/a 9.5% 6.1% 8.5% n/a

Loan Composition

% of total loans & leases

Metric Current vs Tier Tier Avg State Avg (MA) National Avg Tier Percentile
C&I 5.7%
-1.1pp YoY
-0.2pp QoQ
 -8.3pp 14.0% 6.5% 12.5% 21%
CRE 47.9%
-3.7pp YoY
-0.7pp QoQ
 -2.2pp 50.0% 40.3% 41.4% 44%
1-4 Family 46.8%
+4.8pp YoY
+0.9pp QoQ
 +20.4pp 26.4% 52.4% 31.3% 88%
Consumer 0.1%
0.0pp YoY
0.0pp QoQ
 -4.6pp 4.7% 1.6% 5.0% 13%

Capital

Metric Current vs Tier Tier Avg State Avg (MA) National Avg Tier Percentile
CET1 Ratio 16.0%
+1.1pp YoY
0.0pp QoQ
 +0.4pp 15.6% 16.6% 19.7% 78%
Leverage Ratio 11.5%
+0.2pp YoY
0.0pp QoQ
 +0.2pp 11.3% 11.5% 12.6% 69%
Total Capital Ratio 16.6%
+1.3pp YoY
0.0pp QoQ
 -0.1pp 16.7% 17.5% 20.8% 74%

Efficiency & Staffing

Metric Current vs Tier Tier Avg State Avg (MA) National Avg Tier Percentile
Full-Time Employees 290
+24 (+9.0%) YoY
+8 (+2.8%) QoQ
 -24 313 755 482 63%
Assets per Employee ($) $11.5M
+3.0% YoY
-1.2% QoQ
 +$983K $10.5M $10.7M $8.8M 75%
Branch Count 30
+4 (+15.4%) YoY
0 QoQ
 +10 20 13 18 82%

Asset Quality

Metric Current vs Tier Tier Avg State Avg (MA) National Avg Tier Percentile
Past Due 90+ Days n/a n/a 0.2% 0.1% 0.4% n/a
Nonaccrual 0.6%
0.0pp YoY
+0.1pp QoQ
 -0.2pp 0.8% 0.8% 1.0% 55%
Allowance Coverage 0.94x
+13.0% YoY
-15.5% QoQ
 -17.77x 18.71x 7.95x 20.23x 21%
Net Charge-off Rate (YTD) 0.1%
+0.1pp YoY
-0.1pp QoQ
 -0.1pp 0.3% 0.1% 0.2% 72%

Profitability

Metric Current vs Tier Tier Avg State Avg (MA) National Avg Tier Percentile
ROE 7.2%
-1.2pp YoY
-1.4pp QoQ
 -5.4pp 12.6% 5.6% 11.6% 16%
Cost of Funds (YTD) 1.6%
-0.2pp YoY
0.0pp QoQ
 -0.3pp 1.9% 2.0% 1.7% 29%
Net Income ($, YTD) $17.3M
-4.7% YoY
— QoQ
 -$1.9M $19.2M $31.7M $40.4M 65%

Signature Analysis

Composite behavioral patterns that combine multiple metrics to identify what stands out about this bank. Matched signatures only; metric-level callouts appear in the Key Strengths / Key Concerns summary above.

Strengths are growth signatures this bank matches (e.g. Revenue Diversifier, Profitability Leader).
Concerns are risk or decline signatures this bank matches (e.g. Margin Compression, Credit Quality Pressure).

Strengths (0)

No matched strength signatures this quarter

Concerns (4)

Credit Quality Pressure

risk
#119 of 492 • Bottom 24.0% in tier

Delinquencies rising year-over-year. Credit risk is building - underwriting tools or reserves may need attention.

Why this signature
Delinquency Rate: 0.58%
(Tier: 0.87%, National: 0.98%)
better than tier avg
492 of 492 Mid-Market banks match · 1820 nationally
→ Stable -71 banks QoQ

Credit Risk Growth

risk
#119 of 402 • Bottom 29.3% in tier

Loan portfolio growing while delinquencies are rising. Expansion with deteriorating credit quality needs attention.

402 of 402 Mid-Market banks match · 1401 nationally
→ Stable -58 banks QoQ

Liquidity Strain

risk
#114 of 361 • Bottom 31.3% in tier

Loan-to-deposit ratio above 90% - loan demand outpacing deposits. Bumping against liquidity limits, funding solutions needed.

Why this signature
Loan-to-Deposit Ratio: 92.15%
(Tier: 85.04%, National: 79.03%)
worse than tier avg
361 of 361 Mid-Market banks match · 1092 nationally
→ Stable +81 banks QoQ | QoQ rank declining

Margin Compression

decline
#34 of 85 • Bottom 38.8% in tier

Profitability above 0.75% ROA but margins eroding by at least 0.10pp YoY. Something changed - rising costs or falling yields need addressing.

Why this signature
Return on Assets: 1.06%
(Tier: 1.39%, National: 1.30%)
worse than tier avg
85 of 85 Mid-Market banks match · 413 nationally
→ Stable +8 banks QoQ

Metric Rankings

See how this bank ranks across all tracked metrics compared to peers.

Strengths are metrics in the top 25% (75th percentile or higher).
Concerns are metrics in the bottom 25% (25th percentile or lower).
Comparing against 885 peers in $1B-$10B

Top Strengths (3 metrics)

126
Net Interest Margin
profitability
Value: 4.45%
Peer Median: 3.87%
#126 of 885 Top 14.1% in $1B-$10B
175
Tier 1 Capital Ratio
capital
Value: 15.98%
Peer Median: 14.84%
#175 of 885 Top 19.7% in $1B-$10B
208
Total Loans
size
Value: $2.49B
Peer Median: $1.96B
#208 of 885 Top 23.4% in $1B-$10B

Top Weaknesses (1 metrics)

685
Non-Interest Income / Assets
revenue_mix
Value: 0.16%
Peer Median: 0.53%
#685 of 885 Bottom 22.7% in $1B-$10B
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