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Liberty Bank and Trust Company

Boston, MA · Cert 19485

FDIC

Q4 2001

$37.1MAssets
$21.9MLoans
$30.4MDeposits
$6.3MEquity
Loan mix
32%RE $3.8M68%C&I $8.0M0%Consumer $0.1MQ4 2000Q4 2001
Deposit mix
71%Interest-bearing $21.7M29%Noninterest $8.7MQ4 2000Q4 2001

NIM

9.21%Q1 ’018.56%Q3 ’017.52%Q4 ’01-6%-11%

Non-interest income vs. expense

3.92%Q1 ’014.24%Q3 ’014.23%Q4 ’01+1%+5%

Executive Summary

  • Earnings: ROA of 1.82%, down 41 bps year over year; NIM at 5.81%.
  • Asset quality: problem loans at 0.00% of loans (0 bps YoY), with net charge-offs at 0.00%.
  • Funding: loans stand at 72.05% of deposits as of Q4 2001.

Financial Results

Return on Assets (YTD, annualized)

1.82%-41 bps YoY

Net Interest Margin (YTD, annualized)

5.81%

Efficiency Ratio (YTD, annualized)

61.93%

Tier 1 Leverage Ratio

n/a

Year to date, annualized, through each quarter.

MetricQ4 2000Q1 2001Q2 2001Q3 2001Q4 2001YoY ΔTrend
Earnings
Return on Assets2.23%2.17%2.47%2.27%1.82%-41 bps
Return on Equityn/an/an/an/an/an/an/a
Net Interest Marginn/a6.96%6.78%6.55%5.81%n/a
Efficiency Ration/a49.86%51.01%54.83%61.93%n/a
Non-Interest Burdenn/a3.02%2.99%3.06%3.21%n/a
Growth
Asset Growth (YoY)15.36%10.25%-0.58%0.70%-4.90%-2,026 bps
Loan Growth (YoY)29.45%42.82%37.53%28.91%11.80%-1,765 bps
Deposit Growth (YoY)13.42%8.54%-4.03%-1.42%-6.61%-2,003 bps
Asset Quality
Nonperforming Loans / Loans0.00%0.00%0.00%0.00%0.00%0 bps
Net Charge-Offs / Loansn/a-0.02%0.00%0.00%0.00%n/a
Allowance / Loansn/a2.04%2.07%1.91%1.94%n/a
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 Capitaln/a21.73%23.51%24.00%24.97%n/a
Equity / Assetsn/a15.87%16.35%17.02%17.06%n/a
Liquidity & Funding
Loans / Deposits60.19%71.42%70.07%71.59%72.05%+1,186 bps
Liquid Assets / Assets0.00%5.46%5.35%5.34%5.38%+538 bps
CRE / Total Capitaln/an/an/an/an/an/an/a