Middlesex Federal Savings, F.A.

Middlesex Federal Savings, F.A. spends more to run itself than most banks of its size. Based in Somerville, Massachusetts, it had $654 million in assets at June 30, 2026, down 1.1% from a year earlier. It earns about $0.17 a year on every $100 of assets, a small fraction of the median of $1.28 for the 2,660 banks with $100 million to $1 billion in assets. It also spends about 94 cents to bring in each dollar of revenue, higher than about 9 in 10 banks its size (median 61 cents).

Earnings fell sharply: quarterly net income of $281,000 was 74% below a year earlier. Delinquency has appeared in its $84 million non-owner-occupied commercial real estate book: 1.03% of those loans are past due or on nonaccrual, against almost none a year earlier. Its margin is thin by comparison: it keeps 2.73 cents of net interest income on every dollar of earning assets, lower than about 9 in 10 banks its size (median 3.95 cents).

As of June 30, 2026, Middlesex Federal Savings, F.A. reported a return on assets of 0.17%, a nonperforming-loan ratio of 0.04% and a Texas ratio of 0.37%. The figures come from its call report filed with the FFIEC.