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Century Bank and Trust Company

Somerville, MA · Cert 19943

FDIC · 28 branches

Q3 2021

Board Package

Performance Trends and Peer Comparison

Part 1Performance Trends, own institution only2
Part 2Peer Comparison, not published for this institution and quartern/a

Basis

Quarter: Q3 2021, the quarter ended September 30, 2021, on both parts.

Income statement: year to date as filed, annualized, on both parts.

Balance sheet: as filed at quarter end.

Peer group

No peer standings are published for this institution and quarter.

Peer groups below the disclosure floor are suppressed.

Source: FFIEC Call Report (031/041/051), as filed. Dollar figures derived from reported amounts in thousands. Ratios computed by CallReports.ai using published regulatory formulas.

CallReports · callreports.ai · Board PackageGenerated 2026-10-11

Century Bank and Trust Company

Somerville, MA · Cert 19943

FDIC · 28 branches

Q3 2021

$7.1BAssets
$2.9BLoans
$6.2BDeposits
$425.0MEquity
Loan mix
67%RE $975.4M33%C&I $482.7M0%Consumer $5.3MQ3 2020Q3 2021
Deposit mix
81%Interest-bearing $5.0B19%Noninterest $1.2BQ3 2020Q3 2021

NIM

3.06%Q3 ’192.44%Q3 ’201.96%Q3 ’21-7%-4%

Non-interest income vs. expense

1.38%Q3 ’191.15%Q3 ’201.15%Q3 ’21-15%+4%

Market Position · Boston-Cambridge-Newton, MA-NH · 2021 SOD (annual) · 1.2% share · #10 of 116 inst. · $6.4B of $514.5B

6.4% Middlesex
0.1% Suffolk
1.0% Norfolk
0.7% Essex

Executive Summary

  • Earnings: ROA of 0.65%, down 7 bps year over year; NIM at 1.65%.
  • Asset quality: problem loans at 0.05% of loans (0 bps YoY), with net charge-offs at 0.00%.
  • Capital: tier 1 leverage ratio of 6.15%, down 41 bps from a year ago.
  • Funding: loans stand at 47.14% of deposits as of Q3 2021.

Financial Results

Return on Assets (YTD, annualized)

0.65%-7 bps YoY

Net Interest Margin (YTD, annualized)

1.65%-7 bps YoY

Efficiency Ratio (YTD, annualized)

61.20%+316 bps YoY

Tier 1 Leverage Ratio

6.15%-41 bps YoY

Year to date, annualized, through each quarter.

MetricQ3 2020Q4 2020Q1 2021Q2 2021Q3 2021YoY ΔTrend
Earnings
Return on Assets0.72%0.73%0.64%0.63%0.65%-7 bps
Return on Equity11.37%11.59%11.07%10.96%11.12%-25 bps
Net Interest Margin1.72%1.67%1.62%1.61%1.65%-7 bps
Efficiency Ratio58.03%57.72%63.35%62.16%61.20%+316 bps
Non-Interest Burden0.88%0.84%0.94%0.92%0.92%+3 bps
Growth
Asset Growth (YoY)18.87%15.83%31.12%22.19%13.27%-560 bps
Loan Growth (YoY)25.87%23.48%19.76%7.19%-2.16%-2,803 bps
Deposit Growth (YoY)24.75%23.94%40.17%24.63%14.57%-1,018 bps
Asset Quality
Nonperforming Loans / Loans0.05%0.14%0.03%0.04%0.05%0 bps
Net Charge-Offs / Loans-0.01%0.00%0.00%0.00%0.00%0 bps
Allowance / Loans1.12%1.18%1.17%1.17%1.19%+7 bps
Allowance Coverage of NPLs22.7x8.7x37.1x27.5x26.4x+3.6x
Capital
Tier 1 Leverage Ratio6.56%6.41%5.95%5.94%6.15%-41 bps
Total Risk-Based Capital13.00%13.03%12.81%12.78%13.35%+35 bps
Equity / Assets6.10%6.14%5.51%5.69%5.98%-13 bps
Liquidity & Funding
Loans / Deposits55.20%54.90%46.76%47.04%47.14%-806 bps
Liquid Assets / Assets43.29%43.30%51.12%51.54%52.08%+879 bps
CRE / Total Capitaln/an/an/an/an/an/an/a