Abington, MA · Cert 22051
FDIC
Q1 2004
Board Package
Performance Trends and Peer Comparison
Quarter: Q1 2004, the quarter ended March 31, 2004, 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.
Abington, MA · Cert 22051
FDIC
Q1 2004
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 | Q2 2002 | Q3 2002 | Q4 2002 | Q1 2003 | Q2 2003 | Q3 2003 | Q4 2003 | Q1 2004 | YoY Δ | Trend |
|---|---|---|---|---|---|---|---|---|---|---|
| Earnings | ||||||||||
| Return on Assets | 1.00% | 0.94% | 0.94% | 0.57% | 0.50% | 0.42% | 0.48% | 0.73% | +16 bps | |
| Return on Equity | 15.26% | 13.80% | 13.35% | 7.64% | 6.64% | 5.45% | 6.22% | 8.48% | +84 bps | |
| Net Interest Margin | 2.95% | 2.99% | 2.87% | 2.76% | 2.59% | 2.83% | 2.94% | 3.14% | +38 bps | |
| Efficiency Ratio | 65.63% | 65.71% | 67.42% | 83.92% | 82.04% | 85.65% | 83.53% | 74.27% | -966 bps | |
| Non-Interest Burden | 1.39% | 1.44% | 1.44% | 2.11% | 1.85% | 2.18% | 2.16% | 1.99% | -12 bps | |
| Growth | ||||||||||
| Asset Growth (YoY) | -2.16% | 18.56% | 17.61% | 18.13% | 19.64% | -11.83% | -9.57% | -18.72% | -3,685 bps | |
| Loan Growth (YoY) | -10.92% | -0.45% | -2.93% | 11.58% | 21.76% | -6.03% | 0.00% | -4.63% | -1,621 bps | |
| Deposit Growth (YoY) | 15.48% | 32.96% | 29.81% | 26.01% | 20.23% | 1.38% | 0.73% | -3.50% | -2,951 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 | 0.03% | 0.02% | 0.56% | 0.02% | 0.15% | 0.12% | 0.09% | 0.05% | +3 bps | |
| Allowance / Loans | 1.51% | 1.46% | 1.06% | 1.01% | 0.98% | 1.06% | 1.06% | 1.05% | +4 bps | |
| 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 | 14.26% | 12.96% | 13.54% | 11.57% | 13.07% | 14.64% | 14.91% | 15.42% | +386 bps | |
| Equity / Assets | 7.13% | 7.43% | 7.85% | 7.16% | 7.46% | 8.15% | 8.39% | 8.80% | +164 bps | |
| Liquidity & Funding | ||||||||||
| Loans / Deposits | 64.52% | 65.67% | 61.24% | 62.38% | 65.34% | 60.88% | 60.80% | 61.64% | -73 bps | |
| Liquid Assets / Assets | 0.06% | 0.47% | 0.23% | 0.57% | 0.64% | 0.00% | 0.00% | 0.00% | -57 bps | |
| CRE / Total Capital | n/a | n/a | n/a | n/a | n/a | n/a | n/a | n/a | n/a | n/a |