Watercolor painting of a rural farm with white buildings and blue silos surrounded by vibrant autumn trees in shades of green, yellow, orange, and red.

Annual Report

A Look Back at Our 2025

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Handwritten note from Charley: Our collective work feels more timely than ever. Thank you for your partnership and for spreading the word.

Highlights

Total Assets

$171M

Reflections

CEO Reflections

From Charley Cummings

Ambitions

Looking ahead

Growing with intention

Spotlight

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Borrower Spotlight

Mel the Bakery

Impact

Impact Taking Root

What's it take to make a difference in the real world?

Loan overview

Walden’s program

Seedlings Loan Readiness

Spotlight

Borrower Spotlight

Revival Road Farm

Spotlight

Borrower Spotlight

East Alstead Roasting Co.

Our Team

The Board

Oversight

Leaders from Across Industries

Spotlight

Borrower Spotlight

Sustainability Roundtable Inc.

Financial Results

Total Assets

171M

Impact Metrics

How we did

Accountability through measurement

End Notes

The Fine Print

Additional Context
on Our Results

Annual Percentage Yield (APY) effective as of [[date:today]]. To earn the 2.00% APY on a Grow Local account, a balance between $10,000 and $99,999.99 must be maintained. Balances less than $10,000 or $100,000 and greater earn 1.00% APY. Interest is compounded daily and posted monthly. Rates are subject to change without notice and may change any time after the account is opened. Fees could reduce the earnings on the account. Member FDIC.

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Annual Percentage Yield (APY) effective as of [[date:today]]. The minimum balance to open a Spend Local Nonprofit account is $100.00. A minimum balance of $0.01 is required to earn the stated APY. Interest is compounded daily and posted monthly. Rates are subject to change without notice and may change any time after the account is opened. Fees could reduce the earnings on the account. Member FDIC.

Annual Percentage Yield (APY) effective as of [[date:today]]. The minimum balance to open a Local Impact CD account is $1,000.00. A minimum balance of $0.01 is required to earn the stated APY. Interest is compounded daily and posted monthly. Rates are subject to change without notice. Fees, including an early withdrawal penalty could reduce the earnings on the account. Member FDIC.

Federal Deposit Insurance Corporation. Insurance coverage limited to $250,000. Additional insurance coverage available upon request.

Account charges & fees are listed at waldenmutual.com/fees.

Summer Farm Dividend Terms & Conditions apply.

Partner Perks Terms & Conditions apply.

Sustainability Certification Reimbursement Terms & Conditions apply.

Source: https://www.latimes.com/opinion/story/2023-01-18/fossil-fuel-expansion-bank-financed-emissions

As of February 24th, 2026; average across accounts offered by four largest U.S. banks; assumes location of Concord, NH and highest available savings rate.

We'll reimburse up to $15 per month in fees assessed by ATM providers. A full description of our account charges can be found at waldenmutual.com/fees.

Desktop check deposit also available, but requires purchase of a compatible scanner, and free enrollment and configuration of the service. Send us a note if you're interested!

Walden Mutual Partner Business Card is a Visa® Debit Card issued by Walden Mutual Bank, Member FDIC, pursuant to a license from Visa U.S.A. Inc. Visa is a registered trademark of Visa International Service Association. First four business debit cards per business are free; refer to waldenmutual.com/fees for pricing information on additional cards.

Annual Percentage Yield. Assabet 12-month Local Impact CD rate current as of April 1, 2024. Interest is compounded daily, posted monthly. Subject to change without notice. $1,000 minimum to open. Penalties may apply for early withdrawals. Fees could reduce the earnings on the account. Signed pledge agreement required.

Annual Percentage Yield (APY) effective as of [[date:today]]. The minimum balance to open a Save Local Business account is $100.00. To earn the 2.50% APY, a balance between $10,000 and $249,999.99 must be maintained. Balances less than $10,000 or $250,000 and greater earn 1.50% APY. Interest is compounded daily and posted monthly. Rates are subject to change without notice and may change any time after the account is opened. Fees could reduce the earnings on the account. Member FDIC.

Annual Percentage Yield (APY) effective as of [[date:today]]. The minimum balance to open a Save Local account is $100.00. To earn the 2.75% APY, a balance between $10,000 and $99,999.99 must be maintained. Balances less than $10,000 or $100,000 and greater earn 1.75% APY. Interest is compounded daily and posted monthly. Rates are subject to change without notice and may change any time after the account is opened. Fees could reduce the earnings on the account. Member FDIC.

Walden Mutual Partner Card is a Visa® Debit Card issued by Walden Mutual Bank, Member FDIC, pursuant to a license from Visa U.S.A. Inc. Visa is a registered trademark of Visa International Service Association.

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Checkbooks include 60 checks. Contact us for the latest prices. Business checks are priced separately.

The Enterprise Package is a bundle of services designed for more advanced organizations - available all for one low price. Services include desktop check scanning (scanner purchase price not included), Enhanced Fraud Prevention, and additional FDIC insurance coverage. Interested in learning more? Email us at hello@waldenmutual.com or call us at (603) 227-6801.

Table of Contents

Table of Contents

Annual Report