Winchester Bancorp reported net income of $1.27 million for fiscal Q1 2027.

Item 1. Financ ial Statements.

Winchester Bancorp, Inc. and Subsidiaries

Consolida ted Balance Sheets (unaudited)

September 30, 2026 and June 30, 2026

September 30,

June 30,

2026

2026

(In thousands, except share data)

Assets

Cash and due from banks

$

1,370

$

1,283

Interest-bearing deposits

61,803

58,764

Total cash and cash equivalents⁵

63,173⁵

60,047

Securities available for sale, at fair value (amortized cost of $ 69,834 at

September 30, 2026 and $ 69,620 at June 30, 2026)

66,144

68,776

Securities held to maturity, at amortized cost

57,013

56,228

Federal Home Loan Bank stock, at cost

6,312

6,791

908,696

870,773

Bank owned life insurance

16,549

11,397

Premises and equipment, net

5,799

5,590

Accrued interest receivable

3,818

4,034

Net deferred tax asset

1,726

1,092

Other assets

11,956

11,208

Total assets¹

$¹

1,141,186¹

$

1,095,936

Liabilities and stockholders' equity

Non-interest-bearing deposits

$

63,372

$

63,168

Interest-bearing deposits

799,280

746,068

Federal Home Loan Bank advances

149,923

158,158

Mortgagors' escrow accounts

2,125

1,809

Accrued expenses and other liabilities

6,859

6,220

Total liabilities

1,021,559

975,423

Commitments and contingencies

Preferred stock, $ .01 par value, 5,000,000 shares authorized, none outstanding

—

—

Common stock, $ .01 par value, 20,000,000 shares authorized, 9,295,376 issued and outstanding as of September 30, 2026 and June 30, 2026

93

93

Additional paid-in capital

39,599

39,586

Unearned compensation (ESOP)

( 3,108

)

( 3,151

)

Retained earnings

86,409

85,141

Accumulated other comprehensive loss

( 3,366

)

( 1,156

)

Total stockholders' equity

119,627

120,513

Total liabilities and stockholders' equity

$

1,141,186

$

1,095,936

The accompanying notes are an integral part of these condensed consolidated financial statements.

2

Winchester Bancorp, Inc. and Subsidiaries

Consolidat ed Statements of Net Income (unaudited)

Three months ended

September 30,

2026

2025

(In thousands, except share data)

Interest and dividend income:

Interest and fees on loans

$

12,440

$

10,402

Interest and dividends on securities

1,254

1,113

Interest on federal funds sold and other interest-bearing deposits

489

422

Total interest and dividend income

14,183

11,937

Interest expense:

Interest on deposits

5,708

4,670

Interest on Federal Home Loan Bank advances

1,287

1,526

Total interest expense

6,995

6,196

Net interest income

7,188

5,741

Provision (benefit) for credit losses⁴

415⁴

( 320

)

Net interest income, after provision (benefit) for credit losses

6,773

6,061

Non-interest income:

Customer service fees

229

191

Income on bank owned life insurance

152

119

Loss on available for sale securities, net

—

( 317

)

Miscellaneous

117

59

Total non-interest income

498

52

Non-interest expense:

Salaries and employee benefits

3,147

2,697

Occupancy and equipment, net

420

396

Data processing

480

408

Deposit insurance

195

210

Marketing and advertising

266

184

Other general and administrative

1,108

900

Total non-interest expense

5,616

4,795

Income before income taxes

1,655

1,318

Provision for income taxes

387

356

Net income²

$²

1,268²

$

962

Share Data:

Average common shares outstanding, basic and diluted

8,981,699

8,964,893

Basic and diluted net income per share³

$³

0.14³

$

0.11

The accompanying notes are an integral part of these condensed consolidated financial statements.

3

Winchester Bancorp, Inc. and Subsidiaries

Consolidated Sta tements of Comprehensive Income (Loss) (unaudited)

Three months ended

September 30,

2026

2025

(In thousands)

Net income

$

1,268

$

962

Other comprehensive income (loss):

Securities available for sale:

Unrealized holding gains (losses)

( 2,846

)

480

Reclassification adjustment for losses realized in income

—

317

Net unrealized gains (losses)

( 2,846

)

797

Tax effect

636

( 183

)

Net-of-tax amount

( 2,210

)

614

Total other comprehensive income

( 2,210

)

614

Comprehensive income (loss)

$

( 942

)

$

1,576

The accompanying notes are an integral part of these consolidated financial statements.

4

Winchester Bancorp, Inc. and Subsidiaries

Consolidated Stat ements of Changes in Stockholders' Equity (unaudited)

Three Months Ended September 30, 2026 and 2025

Shares of Common Stock

Common Stock

Additional Paid in Capital

Retained Earnings

Accumulated

Other

Comprehensive

Income (Loss)

Unearned Compensation ESOP

Total

Stockholders' Equity

(In thousands, except share data)

Balance at June 30, 2026

9,295,376

$

93

$

39,586

$

85,141

$

( 1,156

)

$

( 3,151

)

$

120,513

Comprehensive income (loss)

—

—

—

1,268

( 2,210

)

—

( 942

)

ESOP shares released and committed to be released

—

—

13

—

—

43

56

Balance at September 30, 2026

9,295,376

$

93

$

39,599

$

86,409

$

( 3,366

)

$

( 3,108

)

$

119,627

Shares of Common Stock

Common Stock

Additional Paid in Capital

Retained Earnings

Accumulated

Other

Comprehensive

Income (Loss)

Unearned Compensation ESOP

Total

Stockholders' Equity

(In thousands, except share data)

Balance at June 30, 2025

9,295,376

$

93

$

39,571

$

80,720

$

( 1,686

)

$

( 3,346

)

$

115,352

Comprehensive income (loss)

—

—

—

962

614

—

1,576

ESOP shares released and committed to be released

—

—

( 4

)

—

—

68

64

Balance at September 30, 2025

9,295,376

$

93

$

39,567

$

81,682

$

( 1,072

)

$

( 3,278

)

$

116,992

The accompanying notes are an integral part of these consolidated financial statements.

5

Winchester Bancorp, Inc. and Subsidiaries

Consolid ated Statements of Cash Flows (unaudited)

For the Three Months Ended September 30, 2026 and 2025

Three months ended

September 30,

2026

2025

(In thousands)

Cash flows from operating activities:

Net income

$

1,268

$

962

Adjustments to reconcile net income to net cash provided by operating activities:

Provision (benefit) for credit losses

415

( 320

)

Net amortization of premiums and discounts on securities

1

21

Depreciation and amortization

219

223

Increase in cash surrender value of bank owned life insurance

( 152

)

( 119

)

Amortization (accretion) of net deferred loan o