Millbury, MA · Cert 21920
FDIC · 2 branches
Q3 2019
Board Package
Performance Trends and Peer Comparison
Quarter: Q3 2019, the quarter ended September 30, 2019, on both parts.
Income statement: year to date as filed, annualized, on both parts.
Balance sheet: as filed at quarter end.
No peer standings are published for this institution and quarter.
Peer groups below the disclosure floor are suppressed.
Millbury, MA · Cert 21920
FDIC · 2 branches
Q3 2019
Market Position · Worcester, MA-CT · 2019 SOD (annual) · 1.0% share · #26 of 35 inst. · $0.2B of $18.9B
Return on Assets (YTD, annualized)
Net Interest Margin (YTD, annualized)
Efficiency Ratio (YTD, annualized)
Tier 1 Leverage Ratio
Year to date, annualized, through each quarter.
| Metric | Q4 2017 | Q1 2018 | Q2 2018 | Q3 2018 | Q4 2018 | Q1 2019 | Q2 2019 | Q3 2019 | YoY Δ | Trend |
|---|---|---|---|---|---|---|---|---|---|---|
| Earnings | ||||||||||
| Return on Assets | 0.46% | 0.63% | 0.65% | 0.72% | 0.80% | 0.48% | 0.56% | 0.62% | -9 bps | |
| Return on Equity | 3.95% | 5.35% | 5.51% | 6.04% | 6.70% | 3.78% | 4.35% | 4.79% | -125 bps | |
| Net Interest Margin | 3.41% | 3.55% | 3.59% | 3.70% | 3.81% | 3.80% | 3.83% | 3.85% | +15 bps | |
| Efficiency Ratio | 72.77% | 77.00% | 77.23% | 75.08% | 74.26% | 83.77% | 81.26% | 79.42% | +433 bps | |
| Non-Interest Burden | 2.39% | 2.66% | 2.70% | 2.70% | 2.75% | 3.14% | 3.06% | 3.00% | +30 bps | |
| Growth | ||||||||||
| Asset Growth (YoY) | 3.05% | 1.48% | 1.05% | -5.69% | -1.96% | -2.51% | -3.31% | -1.40% | +429 bps | |
| Loan Growth (YoY) | 7.42% | 6.52% | 3.22% | 0.09% | -0.41% | -1.84% | -0.42% | -2.05% | -214 bps | |
| Deposit Growth (YoY) | 6.28% | 4.96% | 3.36% | -2.97% | -3.27% | -1.92% | -4.23% | -2.75% | +22 bps | |
| Asset Quality | ||||||||||
| Nonperforming Loans / Loans | 0.18% | 0.18% | 0.18% | 0.59% | 0.54% | 0.67% | 0.56% | 0.37% | -22 bps | |
| Net Charge-Offs / Loans | 0.00% | 0.00% | -0.01% | 0.00% | 0.00% | -0.02% | -0.01% | -0.01% | 0 bps | |
| Allowance / Loans | 0.98% | 0.99% | 0.99% | 1.00% | 0.99% | 1.00% | 0.98% | 1.00% | 0 bps | |
| Allowance Coverage of NPLs | 5.3x | 5.5x | 5.5x | 1.7x | 1.8x | 1.5x | 1.8x | 2.7x | +1.0x | |
| Capital | ||||||||||
| Tier 1 Leverage Ratio | 11.65% | 11.98% | 12.09% | 12.46% | 12.94% | 13.17% | 13.33% | 13.47% | +101 bps | |
| Total Risk-Based Capital | 16.44% | 16.36% | 16.95% | 17.15% | 17.70% | 17.53% | 17.00% | 17.29% | +14 bps | |
| Equity / Assets | 11.63% | 11.72% | 11.84% | 12.28% | 12.46% | 12.88% | 13.22% | 13.61% | +133 bps | |
| Liquidity & Funding | ||||||||||
| Loans / Deposits | 90.45% | 91.54% | 92.76% | 95.26% | 93.13% | 91.62% | 96.46% | 95.94% | +69 bps | |
| Liquid Assets / Assets | 1.78% | 0.28% | 0.50% | 0.15% | 2.87% | 1.92% | 0.18% | 0.08% | -7 bps | |
| CRE / Total Capital | n/a | n/a | n/a | n/a | n/a | n/a | n/a | n/a | n/a | n/a |