Somerville, MA · Cert 19943
FDIC · 28 branches
Q3 2021
Market Position · Boston-Cambridge-Newton, MA-NH · 2021 SOD (annual) · 1.2% share · #10 of 116 inst. · $6.4B of $514.5B
Return on Assets (quarter, annualized)
Net Interest Margin (quarter, annualized)
Efficiency Ratio (quarter, annualized)
Tier 1 Leverage Ratio
Discrete quarter, annualized.
| Metric | Q4 2019 | Q1 2020 | Q2 2020 | Q3 2020 | Q4 2020 | Q1 2021 | Q2 2021 | Q3 2021 | YoY Δ | Trend |
|---|---|---|---|---|---|---|---|---|---|---|
| Earnings | ||||||||||
| Return on Assets | 0.82% | 0.72% | 0.72% | 0.73% | 0.75% | 0.64% | 0.61% | 0.67% | -6 bps | |
| Return on Equity | 12.56% | 11.15% | 11.22% | 11.75% | 12.20% | 11.07% | 10.86% | 11.44% | -31 bps | |
| Net Interest Margin | 1.94% | 1.88% | 1.77% | 1.80% | 1.78% | 1.62% | 1.65% | 1.69% | -11 bps | |
| Efficiency Ratio | 59.74% | 60.60% | 56.53% | 57.04% | 56.90% | 63.35% | 61.01% | 59.34% | +230 bps | |
| Non-Interest Burden | 1.02% | 1.01% | 0.89% | 0.91% | 0.84% | 0.94% | 0.92% | 0.91% | 0 bps | |
| Growth | ||||||||||
| Asset Growth (YoY) | 6.40% | 4.86% | 14.42% | 18.87% | 15.83% | 31.12% | 22.19% | 13.27% | -560 bps | |
| Loan Growth (YoY) | 6.15% | 8.15% | 20.99% | 25.87% | 23.48% | 19.76% | 7.19% | -2.16% | -2,803 bps | |
| Deposit Growth (YoY) | -0.11% | 2.58% | 24.84% | 24.75% | 23.94% | 40.17% | 24.63% | 14.57% | -1,018 bps | |
| Asset Quality | ||||||||||
| Nonperforming Loans / Loans | 0.08% | 0.07% | 0.05% | 0.05% | 0.14% | 0.03% | 0.04% | 0.05% | 0 bps | |
| Net Charge-Offs / Loans | 0.01% | -0.02% | 0.00% | 0.00% | 0.01% | 0.00% | 0.00% | 0.00% | 0 bps | |
| Allowance / Loans | 1.22% | 1.23% | 1.16% | 1.12% | 1.18% | 1.17% | 1.17% | 1.19% | +7 bps | |
| Allowance Coverage of NPLs | 14.7x | 18.1x | 21.1x | 22.7x | 8.7x | 37.1x | 27.5x | 26.4x | +3.6x | |
| Capital | ||||||||||
| Tier 1 Leverage Ratio | 7.01% | 7.01% | 6.68% | 6.56% | 6.41% | 5.95% | 5.94% | 6.15% | -41 bps | |
| Total Risk-Based Capital | 13.57% | 13.63% | 13.38% | 13.00% | 13.03% | 12.81% | 12.78% | 13.35% | +35 bps | |
| Equity / Assets | 6.46% | 6.51% | 6.28% | 6.10% | 6.14% | 5.51% | 5.69% | 5.98% | -13 bps | |
| Liquidity & Funding | ||||||||||
| Loans / Deposits | 55.10% | 54.73% | 54.69% | 55.20% | 54.90% | 46.76% | 47.04% | 47.14% | -806 bps | |
| Liquid Assets / Assets | 46.85% | 45.49% | 43.46% | 43.29% | 43.30% | 51.12% | 51.54% | 52.08% | +879 bps | |
| CRE / Total Capital | n/a | n/a | n/a | n/a | n/a | n/a | n/a | n/a | n/a | n/a |