Middlesex Savings Bank: how it compares with its peers
Against 12 MA banks with half to twice its assets, Middlesex Savings Bank's strongest measure in Q2 2026 is efficiency ratio (68.19% vs. a 60.74% peer median). Its weakest relative measure is return on assets (0.72% vs. 0.99%).
| Measure | Middlesex Savings Bank | Peer median | Rank |
|---|---|---|---|
| Return on assets Annualized net income over average assets. | 0.72% | 0.99% | Bottom third Ahead of 25% of peers |
| Net interest margin Annualized net interest income over earning assets. | 2.72% | 2.79% | Bottom third Ahead of 33% of peers |
| Efficiency ratio Noninterest expense per dollar of revenue. Lower is better. | 68.19% | 60.74% | Middle third Ahead of 42% of peers |
| Assets per employee Total assets over full-time-equivalent staff. | $12.5M | $12.9M | Middle third Ahead of 42% of peers |
| Loans to deposits Net loans and leases over total deposits. | 72.54% | 101.58% | Context |
What it means for lending operations
Its efficiency ratio of 68.19% is above the 60.74% peer median: it spends more to earn each dollar of revenue than most banks its size. Staff time on manual borrower verification (collecting pay stubs, bank statements, and employment letters, then re-keying them) is one of the larger controllable costs behind that number.
Banks closest in size
- The Cape Cod Five Cents Savings Bank Hyannis, MA · $5.62B
- Institution for Savings in Newburyport and Its Vicinity Newburyport, MA · $5.56B
- Cambridge Savings Bank Cambridge, MA · $6.98B
- Leader Bank, National Association Arlington, MA · $5.28B
- Needham Bank Needham, MA · $7.42B
- PeoplesBank Holyoke, MA · $4.62B
Questions about Middlesex Savings Bank
How big is Middlesex Savings Bank?
Middlesex Savings Bank, established in 1835, is headquartered in Natick, MA. It reported $6.15B in total assets in its Q2 2026 FDIC call report and operates 35 offices.
What is Middlesex Savings Bank's return on assets?
0.72% annualized in Q2 2026, against a 0.99% median for 12 MA banks with half to twice its assets, ahead of 25% of them.
What is Middlesex Savings Bank's efficiency ratio?
68.19% in Q2 2026: it spent about 68 cents in noninterest expense for each dollar of revenue. The peer median is 60.74%, and lower is better.
Is Middlesex Savings Bank growing its loans?
Net loans grew 6.5% over the year to Q2 2026, while deposits shrank 1.1%.
Sources and method
Figures are from the FDIC’s public call report data for the quarter ending 06/30/2026, via FDIC BankFind. Return on assets and net interest margin are annualized year to date. Peers are MA banks with half to twice its assets in the same quarter, excluding this bank. The page refreshes daily, so new quarters appear as banks file. Compare another bank or see every Massachusetts bank ranked.