Results

Financial Results

Balance Sheet (in thousands)

	2023	2024	2025
Assets
Cash	$ 307	651	1,482
Investments	39,912	35,752	38,643
Net Loans	33,802	85,644	129,067
Other	1,576	1,719	2,548
Total Assets	$ 75,597	123,766	171,740
Liabilities and Equity
Deposits	$ 55,515	107,030	156,029
Other Liabilities	868	878	990
Equity	24,375	24,240	24,240
Retained Earnings	(5,161)	(8,382)	(9,519)
Total Liabilities & Equity	$ 75,597	123,766	171,740

Assets

Cash

2023:$307

2024:$651

2025:$1,482

Investments

2023:$39,912

2024:$35,752

2025:$38,643

Net Loans

2023:$33,802

2024:$85,644

2025:$129,067

Other

2023:$1,576

2024:$1,719

2025:$2,548

Total Assets

2023:$75,597

2024:$123,766

2025:$171,740

Liabilities and Equity

Deposits

2023:$55,515

2024:$107,030

2025:$156,029

Other Liabilities

2023:$868

2024:$878

2025:$990

Equity

2023:$24,375

2024:$24,240

2025:$24,240

Retained Earnings

2023:($5,161)

2024:($8,382)

2025:($9,519)

Total Liabilities & Equity

2023:$75,597

2024:$123,766

2025:$171,740

Income Statement (in thousands)

	2023	2024	2025
Interest Income/Expense
Interest Income	$ 3,008	6,617	9,070
Interest Expense	786	2,734	3,193
Provision for Loan Losses	413	2,663	1,701
Other Income	50	75	175
Other Expense
Salaries & Benefits	$ 1,851	2,162	2,892
Occupancy & Equipment	361	568	600
Marketing & Professional	767	796	910
Systems & Processing	698	662	875
Other	457	463	212
Total Expense	$ 4,134	4,651	5,489
Net Loss	$ (2,275)	(3,356)	(1,137)

Interest Income/Expense

Interest Income

2023:$3,008

2024:$6,617

2025:$9,070

Interest Expense

2023:$786

2024:$2,734

2025:$3,193

Provision for Loan Losses

2023:$413

2024:$2,663

2025:$1,701

Other Income

2023:$50

2024:$75

2025:$175

Other Expense

Salaries & Benefits

2023:$1,851

2024:$2,162

2025:$2,892

Occupancy & Equipment

2023:$361

2024:$568

2025:$600

Marketing & Professional

2023:$767

2024:$796

2025:$910

Systems & Processing

2023:$698

2024:$662

2025:$875

Other

2023:$457

2024:$463

2025:$212

Total Expense

2023:$4,134

2024:$4,651

2025:$5,489

Net Loss

2023:($2,275)

2024:($3,356)

2025:($1,137)

Total Assets

Net Interest Margin

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

Financial Results

Balance Sheet (in thousands)

Assets

Cash

Investments

Net Loans

Other

Total Assets

Liabilities and Equity

Deposits

Other Liabilities

Equity

Retained Earnings

Total Liabilities & Equity

Income Statement (in thousands)

Interest Income/Expense

Interest Income

Interest Expense

Provision for Loan Losses

Other Income

Other Expense

Salaries & Benefits

Occupancy & Equipment

Marketing & Professional

Systems & Processing

Other

Total Expense

Net Loss

Total Assets

Net Interest Margin