Boston, MA · Cert 22295
FDIC
Q2 2008
Board Package
Performance Trends and Peer Comparison
Quarter: Q2 2008, the quarter ended June 30, 2008, 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.
Boston, MA · Cert 22295
FDIC
Q2 2008
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 | Q3 2006 | Q4 2006 | Q1 2007 | Q2 2007 | Q3 2007 | Q4 2007 | Q1 2008 | Q2 2008 | YoY Δ | Trend |
|---|---|---|---|---|---|---|---|---|---|---|
| Earnings | ||||||||||
| Return on Assets | 2.61% | 2.53% | 1.00% | 1.10% | 0.33% | 0.59% | 0.79% | 0.80% | -30 bps | |
| Return on Equity | 35.01% | 35.07% | 13.46% | 15.03% | 3.32% | 5.27% | 5.11% | 5.33% | -970 bps | |
| Net Interest Margin | 1.82% | 1.61% | 1.97% | 2.15% | 0.71% | 1.01% | 1.79% | 1.63% | -52 bps | |
| Efficiency Ratio | 60.31% | 60.99% | 75.60% | 74.32% | 72.16% | 70.12% | 81.04% | 78.74% | +442 bps | |
| Non-Interest Burden | -2.72% | -2.40% | 0.33% | 0.30% | 0.16% | -0.01% | 0.39% | 0.07% | -24 bps | |
| Growth | ||||||||||
| Asset Growth (YoY) | 8.73% | 9.33% | -3.63% | 7.05% | 6.74% | 8.05% | 44.33% | 16.49% | +944 bps | |
| Loan Growth (YoY) | -17.20% | -7.04% | -1.05% | 83.07% | 160.66% | 138.59% | 197.54% | 97.89% | +1,482 bps | |
| Deposit Growth (YoY) | 8.58% | 11.71% | -2.03% | 11.64% | -3.79% | -3.47% | 34.56% | 7.14% | -449 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 | -0.01% | -0.01% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | -0.04% | -4 bps | |
| Allowance / Loans | 0.07% | 0.09% | 0.10% | 0.07% | 0.25% | 0.27% | 0.23% | 0.36% | +29 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 | 18.33% | 17.10% | 21.98% | 15.78% | 15.06% | 15.44% | 14.20% | 12.21% | -357 bps | |
| Equity / Assets | 7.65% | 6.42% | 8.82% | 7.05% | 17.58% | 15.67% | 15.41% | 13.90% | +685 bps | |
| Liquidity & Funding | ||||||||||
| Loans / Deposits | 13.02% | 11.21% | 15.74% | 20.70% | 35.27% | 27.71% | 34.81% | 38.23% | +1,753 bps | |
| Liquid Assets / Assets | 1.28% | 0.06% | 0.24% | 0.21% | 0.15% | 0.10% | 0.02% | 0.69% | +48 bps | |
| CRE / Total Capital | n/a | n/a | n/a | n/a | n/a | n/a | n/a | n/a | n/a | n/a |