Liberty Bank and Trust Company

Boston, MA · Cert 19485

FDIC

Q4 2001

$37.1MAssets

$21.9MLoans

$30.4MDeposits

$6.3MEquity

Loan mix

Deposit mix

Executive Summary

Earnings: ROA of 0.48%, down 175 bps year over year; NIM at 5.19%.
Asset quality: problem loans at 0.00% of loans (0 bps YoY), with net recoveries of 0.02%.
Funding: loans stand at 72.05% of deposits as of Q4 2001.

Return on Assets (quarter, annualized)

0.48%¹-175 bps YoY

Net Interest Margin (quarter, annualized)

5.19%

Efficiency Ratio (quarter, annualized)

86.93%

Tier 1 Leverage Ratio

n/a

Discrete quarter, annualized.

Metric	Q1 2000	Q2 2000	Q3 2000	Q4 2000	Q1 2001	Q2 2001	Q3 2001	Q4 2001	YoY Δ	Trend
Earnings
Return on Assets	1.52%	2.02%	2.27%	2.23%	2.17%	2.82%	1.85%	0.48%¹	-175 bps
Return on Equity	n/a	n/a	n/a	n/a	n/a	17.53%	11.10%	2.84%	n/a
Net Interest Margin	n/a	n/a	n/a	n/a	6.96%	6.45%	6.05%	5.19%	n/a
Efficiency Ratio	n/a	n/a	n/a	n/a	49.86%	52.24%	62.61%	86.93%	n/a
Non-Interest Burden	n/a	n/a	n/a	n/a	3.02%	2.89%	3.20%	4.40%	n/a
Growth
Asset Growth (YoY)	5.13%	10.46%	6.97%	15.36%	10.25%	-0.58%	0.70%	-4.90%	-2,026 bps
Loan Growth (YoY)	-1.58%	1.89%	9.39%	29.45%	42.82%	37.53%	28.91%	11.80%	-1,765 bps
Deposit Growth (YoY)	4.98%	10.50%	5.56%	13.42%	8.54%	-4.03%	-1.42%	-6.61%	-2,003 bps
Asset Quality
Nonperforming Loans / Loans	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0 bps
Net Charge-Offs / Loans	n/a	n/a	n/a	n/a	-0.02%	0.02%	0.00%	-0.02%	n/a
Allowance / Loans	n/a	n/a	n/a	n/a	2.04%	2.07%	1.91%	1.94%	n/a
Allowance Coverage of NPLs	n/a	n/a	n/a	n/a	n/a	n/a	n/a	n/a	n/a	n/a
Capital
Tier 1 Leverage Ratio	n/a	n/a	n/a	n/a	n/a	n/a	n/a	n/a	n/a	n/a
Total Risk-Based Capital	n/a	n/a	n/a	n/a	21.73%	23.51%	24.00%	24.97%	n/a
Equity / Assets	n/a	n/a	n/a	n/a	15.87%	16.35%	17.02%	17.06%	n/a
Liquidity & Funding
Loans / Deposits	54.28%	48.89%	54.74%	60.19%	71.42%	70.07%	71.59%	72.05%	+1,186 bps
Liquid Assets / Assets	0.00%	0.00%	0.00%	0.00%	5.46%	5.35%	5.34%	5.38%	+538 bps
CRE / Total Capital	n/a	n/a	n/a	n/a	n/a	n/a	n/a	n/a	n/a	n/a