TruNorth Bank (merged into TruNorth Bank)
TruNorth Bank reported total assets of $3.3 bn at Q2 2026, its last Call Report before it merged into TruNorth Bank. The CET1 capital ratio at TruNorth Bank was 15.98%, and the uninsured share of TruNorth Bank was 30.70%. Source: FDIC Call Reports.
Key takeaways
- Since , TruNorth Bank has taken over 3 institutions; the latest was Colonial Federal Savings Bank on (FDIC Call Reports).
What sets TruNorth Bank apart
How large is TruNorth Bank?
The balance sheet of TruNorth Bank at : assets $3.3 bn, deposits $2.7 bn, net loans $2.5 bn (loans equal to 92.15% of deposits). Securities make up 10.9% of total assets at TruNorth Bank. Since , when TruNorth Bank held $754.6 mn, its assets grew 340.6%. In the year to , deposits at TruNorth Bank rose 12.6% while its total assets rose 12.2%. At , TruNorth Bank employed 290 full-time equivalent staff across 30 offices, about $11.5 mn of assets per employee and $90.1 mn of deposits per office.
How much funding at TruNorth Bank is uninsured?
At TruNorth Bank, uninsured deposits (above the FDIC limit) made up 30.70% of domestic deposits at (-0.36 pp on a year earlier). In dollars, TruNorth Bank estimated $829.7 mn of uninsured deposits.
Key facts, Q2 2026
| Metric | Value | A year earlier | US rank |
|---|---|---|---|
| Total deposits | $2.7 bn | $2.4 bn (Q2 2025) | |
| Net loans and leases | $2.5 bn | $2.3 bn (Q2 2025) | |
| Loan-to-deposit ratio | 92.15% | 96.52% (Q2 2025) | |
| Tier 1 leverage ratio | 11.46% | 11.28% (Q2 2025) | |
| Total risk-based capital ratio | 16.59% | 15.30% (Q2 2025) | |
| Net interest margin | 4.45% | 4.09% (Q2 2025) | |
| Return on assets (ROA) | 1.06% | 1.23% (Q2 2025) | |
| Efficiency ratio | 56.48% | 52.65% (Q2 2025) | |
| Unrealized gain/loss on available-for-sale securities | Loss of $7.2 mn | Widened by $3.4 mn | |
| Noncurrent loans to total loans | 0.58% | 0.57% (Q2 2025) | |
| Net charge-offs to average loans | 0.12% | 0.00% (Q2 2025) |
US rank of TruNorth Bank: 1 = highest unless marked 1 = lowest.
Balance sheet
TruNorth Bank: assets, deposits and loans
- Total assets $3.3bn
- Deposits $2.7bn
- Net loans $2.5bn
Capital and securities
The CET1 ratio of TruNorth Bank stood at 15.98% in , +1.07 pp year on year. Low and high at TruNorth Bank since : 13.35% () to 16.66% (). Equity capital of TruNorth Bank at : $489.5 mn, or 14.7% of total assets. TruNorth Bank also reported a total capital ratio of 16.59% for , and a tier 1 leverage ratio of 11.46%.
The available-for-sale portfolio of TruNorth Bank showed an unrealized loss of $7.2 mn at ; the loss widened by $3.4 mn over the year.
TruNorth Bank: capital ratios
- Total capital 17%
- CET1 16%
- Tier 1 leverage 11%
TruNorth Bank: unrealized securities gains and losses
- Available for sale -$7mn
- Held to maturity $0
Profitability and loan quality
For the year to , TruNorth Bank earned a return on equity of 7.15%; return on assets: 1.06%. Net interest margin at TruNorth Bank: 4.45%, +0.36 pp in a year. TruNorth Bank net income: $17.3 mn, down 4.7% year on year. The efficiency ratio of TruNorth Bank was 56.48%: about 56 cents cost per revenue dollar, against 52 cents at the median peer.
At , noncurrent loans were 0.58% of total loans at TruNorth Bank; net charge-offs: 0.12% of average loans. Gross loans and leases at TruNorth Bank: $2.5 bn at , against $2.3 bn at .
TruNorth Bank: profitability
- Return on equity 7.2%
- Net interest margin 4.5%
- Return on assets 1.1%
Peer group of TruNorth Bank
The peer group of TruNorth Bank is the 6 banks nearest to it by total assets at : 3 larger and 3 smaller. Of the peers, 1 shares the charter type of TruNorth Bank (state member bank), 6 sit in the same size group ($1 bn to $10 bn) and 0 have head offices in Massachusetts. Against them, TruNorth Bank shows CET1 ratio 15.98% against a peer median of 13.14%, return on equity 7.15% against a peer median of 13.61% and uninsured deposit share 30.70% against a peer median of 27.36%.
| Bank | Charter | State | Total assets | CET1 ratio | Return on equity | Uninsured share | |
|---|---|---|---|---|---|---|---|
| Lake Ridge Bank | State nonmember bank | WI | $3.4 bn | 11.97% | 10.11% | 29.38% | |
| Libertyville Bank & Trust Company | National bank | IL | $3.3 bn | 10.88% | 16.75% | 28.67% | |
| Austin Bank, Texas | National bank | TX | $3.3 bn | not reported | 13.87% | 26.04% | |
| TruNorth Bank | State member bank | MA | $3.3 bn | 15.98% | 7.15% | 30.70% | |
| Red River Bank | State nonmember bank | LA | $3.3 bn | 17.32% | 13.35% | 31.72% | |
| BankFirst Financial Services | State member bank | MS | $3.3 bn | not reported | 8.41% | 24.27% | |
| ACNB Bank | State nonmember bank | PA | $3.3 bn | 14.30% | 14.53% | 22.40% | |
. FDIC Call Reports.
Last eight quarters
Two years at TruNorth Bank, to : assets $2.9 bn to $3.3 bn, deposits $2.3 bn to $2.7 bn, equity $416.9 mn to $489.5 mn. Offices 26 to 30.
| Metric | Q3 2024 | Q4 2024 | Q1 2025 | Q2 2025 | Q3 2025 | Q4 2025 | Q1 2026 | Q2 2026 |
|---|---|---|---|---|---|---|---|---|
| Total assets | $2.9 bn | $2.9 bn | $3.0 bn | $3.0 bn | $3.0 bn | $3.2 bn | $3.3 bn | $3.3 bn |
| Total deposits | $2.3 bn | $2.3 bn | $2.4 bn | $2.4 bn | $2.4 bn | $2.6 bn | $2.7 bn | $2.7 bn |
| Bank equity capital | $416.9 mn | $423.5 mn | $433.0 mn | $441.5 mn | $452.0 mn | $477.5 mn | $485.4 mn | $489.5 mn |
| CET1 ratio | 13.93% | 14.28% | 14.84% | 14.91% | 15.30% | 15.21% | 15.99% | 15.98% |
| Return on equity (ROE) | 2.29% | 5.47% | 8.28% | 8.40% | 8.67% | 8.87% | 8.56% | 7.15% |
| Uninsured share of domestic deposits | 32.35% | 29.21% | 30.09% | 31.06% | 31.73% | 27.43% | 27.95% | 30.70% |
| Full-time equivalent employees | 290 | 270 | 262 | 266 | 257 | 284 | 282 | 290 |
| Number of offices | 26 | 26 | 26 | 26 | 26 | 30 | 30 | 30 |
FDIC Call Reports.
Mergers and acquisitions
The FDIC history of TruNorth Bank, oldest first; figures before and after each event are not like for like.
- . Absorbed Merrimac Savings Bank (FDIC certificate 90240).
- . Absorbed Beverly Bank (FDIC certificate 26601).
- . Absorbed Abington Bank (FDIC certificate 26590).
- . Absorbed Colonial Federal Savings Bank (FDIC certificate 28481).
- . Merged into TruNorth Bank (FDIC certificate 90188).
Large one-quarter moves at TruNorth Bank
- Total assets at TruNorth Bank changed by +52.9% in the quarter to 2019-12-31: Absorbtion - Without Assistance; Participated in Absorbtion/Consolidation/Merger: acquired from Beverly Bank.
- Total assets at TruNorth Bank changed by +76.4% in the quarter to 2024-09-30: Affiliated Institution Merger (Pooling) (i.e. Corporate Reorganization; Participated in Absorbtion/Consolidation/Merger: acquired from Abington Bank.
Questions and identifiers
What were the total assets of TruNorth Bank?
TruNorth Bank reported $3.3 bn at in its Call Report.
Is TruNorth Bank the same as its holding company?
No. This page covers TruNorth Bank, FDIC certificate 26484; HOMETOWN FINANCIAL GROUP MHC (as reported to the FDIC), its holding company, reports separately to the Federal Reserve.
Is TruNorth Bank profitable?
TruNorth Bank reported net income of $17.3 mn for the year to ; annualized return on equity: 7.15%. So yes: TruNorth Bank made a profit over these months.
When is data for TruNorth Bank next updated?
TruNorth Bank no longer files Call Reports; its data ends at .
Where can I check the figures for TruNorth Bank?
In the FDIC BankFind Suite record for certificate 26484, and in the Call Reports of TruNorth Bank (RSSD ID 161273) at the FFIEC Central Data Repository.