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Slade's Ferry Trust Company

Somerset, MA · Cert 18085

FDIC

Q4 2007

$603.3MAssets
$462.5MLoans
$393.7MDeposits
$53.4MEquity
Deposit mix
81%Interest-bearing $317.3M19%Noninterest $76.4MQ4 2006Q4 2007

NIM

5.05%Q4 ’055.66%Q4 ’066.04%Q4 ’07+0%-2%

Non-interest income vs. expense

2.34%Q4 ’052.30%Q4 ’062.42%Q4 ’07-1%+6%

Executive Summary

  • Earnings: ROA of 0.68%, down 10 bps year over year; NIM at 3.20%.
  • Asset quality: problem loans at 0.00% of loans (0 bps YoY), with net charge-offs at 0.00%.
  • Funding: loans stand at 117.48% of deposits as of Q4 2007.

Financial Results

Return on Assets (YTD, annualized)

0.68%-10 bps YoY

Net Interest Margin (YTD, annualized)

3.20%-7 bps YoY

Efficiency Ratio (YTD, annualized)

70.07%+484 bps YoY

Tier 1 Leverage Ratio

n/a

Year to date, annualized, through each quarter.

MetricQ4 2006Q1 2007Q2 2007Q3 2007Q4 2007YoY ΔTrend
Earnings
Return on Assets0.78%0.74%0.71%0.73%0.68%-10 bps
Return on Equity8.79%8.43%8.31%8.47%7.82%-96 bps
Net Interest Margin3.26%3.06%3.07%3.14%3.20%-7 bps
Efficiency Ratio65.23%66.51%69.08%69.85%70.07%+484 bps
Non-Interest Burden2.04%1.95%2.04%2.12%2.16%+13 bps
Growth
Asset Growth (YoY)3.67%4.16%3.95%0.24%0.38%-329 bps
Loan Growth (YoY)3.10%3.53%0.70%4.35%8.37%+527 bps
Deposit Growth (YoY)1.44%0.97%-0.64%-4.97%-7.25%-869 bps
Asset Quality
Nonperforming Loans / Loans0.00%0.00%0.00%0.00%0.00%0 bps
Net Charge-Offs / Loans0.00%0.00%0.01%0.01%0.00%+1 bps
Allowance / Loans1.00%1.00%0.99%0.99%1.01%0 bps
Allowance Coverage of NPLsn/an/an/an/an/an/an/a
Capital
Tier 1 Leverage Ration/an/an/an/an/an/an/a
Total Risk-Based Capital13.66%11.95%11.70%11.84%11.90%-177 bps
Equity / Assets9.11%8.41%8.15%8.66%8.84%-26 bps
Liquidity & Funding
Loans / Deposits100.55%104.68%101.03%111.54%117.48%+1,693 bps
Liquid Assets / Assets4.21%3.85%3.61%3.54%3.38%-82 bps
CRE / Total Capitaln/an/an/an/an/an/an/a