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Investors Bank & Trust Company

Boston, MA · Cert 20072

FDIC

Q2 2007

$17.1BAssets
$584.6MLoans
$11.5BDeposits
$1.0BEquity
Deposit mix
64%Interest-bearing $7.3B36%Noninterest $4.2BQ2 2006Q2 2007

NIM

3.59%Q2 ’054.57%Q2 ’064.96%Q2 ’07-9%+21%

Non-interest income vs. expense

3.73%Q2 ’054.92%Q2 ’064.94%Q2 ’07-84%-19%

Executive Summary

  • Earnings: ROA of 1.31%, down 14 bps year over year; NIM at 1.57%.
  • Asset quality: problem loans at 0.00% of loans (0 bps YoY), with net charge-offs at 0.00%.
  • Funding: loans stand at 5.10% of deposits as of Q2 2007.

Financial Results

Return on Assets (quarter, annualized)

1.31%-14 bps YoY

Net Interest Margin (quarter, annualized)

1.57%+28 bps YoY

Efficiency Ratio (quarter, annualized)

68.30%-384 bps YoY

Tier 1 Leverage Ratio

n/a

Discrete quarter, annualized.

MetricQ2 2006Q3 2006Q4 2006Q1 2007Q2 2007YoY ΔTrend
Earnings
Return on Assets1.45%1.24%1.26%1.28%1.31%-14 bps
Return on Equity21.51%16.74%15.82%17.34%20.56%-96 bps
Net Interest Margin1.30%1.39%1.50%1.57%1.57%+28 bps
Efficiency Ratio72.14%71.34%73.92%71.96%68.30%-384 bps
Non-Interest Burden-0.60%-0.50%-0.34%-0.37%-0.72%-12 bps
Growth
Asset Growth (YoY)-0.26%-12.58%-4.60%14.17%37.66%+3,792 bps
Loan Growth (YoY)59.96%-16.63%-32.72%-15.90%74.09%+1,413 bps
Deposit Growth (YoY)16.33%0.33%23.51%57.04%92.39%+7,606 bps
Asset Quality
Nonperforming Loans / Loans0.00%0.00%0.00%0.00%0.00%0 bps
Net Charge-Offs / Loans0.00%0.00%0.00%0.00%0.00%0 bps
Allowance / Loansn/an/an/an/an/an/an/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 Capital18.41%20.06%18.28%16.63%14.11%-430 bps
Equity / Assetsn/an/an/an/an/an/an/a
Liquidity & Funding
Loans / Deposits5.64%4.58%4.38%3.03%5.10%-54 bps
Liquid Assets / Assets0.00%0.00%0.00%0.00%0.00%0 bps
CRE / Total Capitaln/an/an/an/an/an/an/a