Middlesex Savings Bank
Middlesex Savings Bank reported total assets of $6.1 bn at Q2 2026, up 0.8% on a year earlier, the 242nd largest of 497 banks in our US coverage. The CET1 capital ratio at Middlesex Savings Bank was 18.24%, and the uninsured share of Middlesex Savings Bank was 22.40%. Source: FDIC Call Reports.
Key takeaways
- On efficiency ratio, Middlesex Savings Bank climbed from 495th to 420th among 500 US banks between and (1 = lowest; FDIC Call Reports).
- Middlesex Savings Bank reports one of the lowest net interest margin readings among banks of $1 bn to $10 bn: 2.72% at , where the median of the 339 banks is 3.66% (FDIC Call Reports).
- The return on equity (ROE) of Middlesex Savings Bank, 5.57% at , places Middlesex Savings Bank in the bottom tenth of banks of $1 bn to $10 bn (group median 12.68%; FDIC Call Reports).
What sets Middlesex Savings Bank apart
- Few banks of $1 bn to $10 bn report a higher tier 1 leverage ratio than Middlesex Savings Bank, at 13.44% in against a group median of 10.45%.
- Middlesex Savings Bank has one of the highest common equity tier 1 (CET1) ratio readings among banks of $1 bn to $10 bn: 18.24% at , against a median of 13.22% across 287 banks.
How large is Middlesex Savings Bank?
The balance sheet of Middlesex Savings Bank at : assets $6.1 bn, deposits $5.2 bn, net loans $3.8 bn (loans equal to 72.54% of deposits). Securities make up 31.3% of total assets at Middlesex Savings Bank. Since , when Middlesex Savings Bank held $4.3 bn, its assets grew 42.3%. In the year to , deposits at Middlesex Savings Bank fell 1.1% while its total assets rose 0.8%. At , Middlesex Savings Bank employed 490 full-time equivalent staff across 35 offices, about $12.5 mn of assets per employee and $147.9 mn of deposits per office.
How much funding at Middlesex Savings Bank is uninsured?
At Middlesex Savings Bank, uninsured deposits (above the FDIC limit) made up 22.40% of domestic deposits at (+0.05 pp on a year earlier); Middlesex Savings Bank ranks 394th of 500 on this measure. In dollars, Middlesex Savings Bank estimated $1.2 bn of uninsured deposits.
Key facts, Q2 2026
| Metric | Value | Change from a year earlier | US rank |
|---|---|---|---|
| Total deposits | $5.2 bn | -1.1% | 241st of 499 |
| Net loans and leases | $3.8 bn | +6.5% | 269th of 500 |
| Loan-to-deposit ratio | 72.54% | +5.18 pp | 407th of 500 |
| Tier 1 leverage ratio | 13.44% | +0.72 pp | 40th of 500 |
| Total risk-based capital ratio | 19.01% | +0.67 pp | 50th of 448 |
| Net interest margin | 2.72% | +0.52 pp | 450th of 500 |
| Return on assets (ROA) | 0.72% | +0.35 pp | 447th of 500 |
| Efficiency ratio | 68.19% | -11.43 pp | 420th of 500 (1 = lowest) |
| Unrealized gain/loss on available-for-sale securities | Loss of $26.5 mn | Narrowed by $47.0 mn | |
| Noncurrent loans to total loans | 0.33% | +0.14 pp | 121st of 500 (1 = lowest) |
| Net charge-offs to average loans | 0.01% | -0.03 pp | 106th of 500 (1 = lowest) |
US rank of Middlesex Savings Bank: 1 = highest unless marked 1 = lowest.
Balance sheet
Middlesex Savings Bank: assets, deposits and loans
- Total assets $6.1bn
- Deposits $5.2bn
- Net loans $3.8bn
Capital and securities
The CET1 ratio of Middlesex Savings Bank stood at 18.24% in , +0.71 pp year on year. Low and high at Middlesex Savings Bank since : 15.39% () to 18.24% (). Equity capital of Middlesex Savings Bank at : $808.0 mn, or 13.1% of total assets. Middlesex Savings Bank also reported a total capital ratio of 19.01% for , and a tier 1 leverage ratio of 13.44%.
The available-for-sale portfolio of Middlesex Savings Bank showed an unrealized loss of $26.5 mn at ; the loss narrowed by $47.0 mn over the year.
Middlesex Savings Bank: capital ratios
- Total capital 19%
- CET1 18%
- Tier 1 leverage 13%
Middlesex Savings Bank: unrealized securities gains and losses
- Available for sale -$26mn
- Held to maturity $0
Profitability and loan quality
For the year to , Middlesex Savings Bank earned a return on equity of 5.57%; return on assets: 0.72%. Net interest margin at Middlesex Savings Bank: 2.72%, +0.52 pp in a year. Middlesex Savings Bank net income: $22.2 mn, up 95.1% year on year. The efficiency ratio of Middlesex Savings Bank was 68.19%: about 68 cents cost per revenue dollar, against 56 cents at the median peer.
At , noncurrent loans were 0.33% of total loans at Middlesex Savings Bank; net charge-offs: 0.01% of average loans. Gross loans and leases at Middlesex Savings Bank: $3.8 bn, up 6.4% in a year.
Middlesex Savings Bank: profitability
- Return on equity 5.6%
- Net interest margin 2.7%
- Return on assets 0.7%
Peer group of Middlesex Savings Bank
The peer group of Middlesex Savings Bank is the 6 banks nearest to it by total assets at : 3 larger and 3 smaller. Of the peers, 3 share the charter type of Middlesex Savings Bank (state nonmember bank), 6 sit in the same size group ($1 bn to $10 bn) and 0 have head offices in Massachusetts. Against them, Middlesex Savings Bank shows CET1 ratio 18.24% against a peer median of 12.41%, return on equity 5.57% against a peer median of 13.39% and uninsured deposit share 22.40% against a peer median of 37.65%.
| Bank | Charter | State | Total assets | CET1 ratio | Return on equity | Uninsured share | |
|---|---|---|---|---|---|---|---|
| Mercantile Bank | State nonmember bank | MI | $6.2 bn | 12.59% | 13.90% | 57.50% | |
| First International Bank & Trust | State nonmember bank | ND | $6.2 bn | 10.68% | 14.47% | 38.89% | |
| First Financial Bank | National bank | IN | $6.2 bn | 12.62% | 13.45% | 36.41% | |
| Middlesex Savings Bank | State nonmember bank | MA | $6.1 bn | 18.24% | 5.57% | 22.40% | |
| Shore United Bank | National bank | MD | $6.1 bn | 12.31% | 12.02% | 17.98% | |
| CFG Bank | State nonmember bank | MD | $6.1 bn | 12.50% | 13.33% | 14.69% | |
| SmartBank | State member bank | TN | $6.1 bn | 11.38% | 10.34% | 47.93% | |
. FDIC Call Reports.
Last eight quarters
Two years at Middlesex Savings Bank, to : assets +2.8%, deposits +0.5%, equity +13.7%. Staff 506 to 490.
| Metric | Q3 2024 | Q4 2024 | Q1 2025 | Q2 2025 | Q3 2025 | Q4 2025 | Q1 2026 | Q2 2026 |
|---|---|---|---|---|---|---|---|---|
| Total assets | $6.0 bn | $6.1 bn | $6.1 bn | $6.1 bn | $6.1 bn | $6.2 bn | $6.2 bn | $6.1 bn |
| Total deposits | $5.2 bn | $5.2 bn | $5.3 bn | $5.2 bn | $5.2 bn | $5.2 bn | $5.2 bn | $5.2 bn |
| Bank equity capital | $710.3 mn | $706.2 mn | $725.9 mn | $738.2 mn | $763.2 mn | $791.4 mn | $794.3 mn | $808.0 mn |
| CET1 ratio | 17.13% | 17.02% | 17.38% | 17.53% | 17.98% | 17.89% | 18.02% | 18.24% |
| Return on equity (ROE) | 3.15% | 1.84% | 2.43% | 3.15% | 4.39% | 4.47% | 4.54% | 5.57% |
| Uninsured share of domestic deposits | 22.43% | 22.73% | 22.41% | 22.35% | 22.57% | 21.98% | 22.01% | 22.40% |
| Full-time equivalent employees | 506 | 489 | 496 | 488 | 506 | 479 | 493 | 490 |
| Number of offices | 35 | 35 | 35 | 35 | 35 | 35 | 35 | 35 |
FDIC Call Reports.
Mergers and acquisitions
No merger or acquisition by Middlesex Savings Bank appears in the FDIC history since , and its total assets never moved more than 25% in one quarter.
Questions and identifiers
What were the total assets of Middlesex Savings Bank?
Middlesex Savings Bank reported $6.1 bn at in its Call Report. That makes Middlesex Savings Bank the 242nd largest of 497 banks in our US coverage.
Is Middlesex Savings Bank the same as its holding company?
No. This page covers Middlesex Savings Bank, FDIC certificate 90183; MIDDLESEX BCORP MHC (as reported to the FDIC), its holding company, reports separately to the Federal Reserve.
Is Middlesex Savings Bank profitable?
Middlesex Savings Bank reported net income of $22.2 mn for the year to ; annualized return on equity: 5.57%. So yes: Middlesex Savings Bank made a profit over these months.
When is data for Middlesex Savings Bank next updated?
Figures from Middlesex Savings Bank for are due after .
Where can I check the figures for Middlesex Savings Bank?
In the FDIC BankFind Suite record for certificate 90183, and in the Call Reports of Middlesex Savings Bank (RSSD ID 888002) at the FFIEC Central Data Repository.