PackageTrendsPeer
Letter portraitLegal landscapeQuarterYTD

Boston Safe Deposit and Trust Company

Boston, MA · Cert 22295

FDIC

Q2 2008

$11.9BAssets
$3.8BLoans
$10.0BDeposits
$1.6BEquity
Loan mix
95%RE $1.3B5%C&I $0.1B0%Consumer $0.0BQ3 2006Q2 2008
Deposit mix
72%Interest-bearing $7.2B28%Noninterest $2.8BQ3 2006Q2 2008

Executive Summary

  • Earnings: ROA of 0.81%, down 49 bps year over year; NIM at 1.43%.
  • Asset quality: problem loans at 0.00% of loans (0 bps YoY), with net recoveries of 0.08%.
  • Funding: loans stand at 38.23% of deposits as of Q2 2008.

Return on Assets (quarter, annualized)

0.81%-49 bps YoY

Net Interest Margin (quarter, annualized)

1.43%-92 bps YoY

Efficiency Ratio (quarter, annualized)

76.31%+310 bps YoY

Tier 1 Leverage Ratio

n/a
n/a

NIM

4.46%Q2 ’064.82%Q2 ’072.56%Q2 ’08+19%-39%

Non-interest income vs. expense

7.57%Q2 ’065.69%Q2 ’076.56%Q2 ’08+109%-195%

Discrete quarter, annualized.

MetricQ3 2006Q4 2006Q1 2007Q2 2007Q3 2007Q4 2007Q1 2008Q2 2008YoY ΔTrend
Earnings
Return on Assets2.26%2.43%1.00%1.29%-1.16%1.34%0.79%0.81%-49 bps
Return on Equity30.76%34.79%13.46%16.51%-9.55%8.08%5.11%5.51%-1,101 bps
Net Interest Margin1.87%1.61%1.97%2.35%-1.75%1.78%1.79%1.43%-92 bps
Efficiency Ratio64.95%62.90%75.60%73.21%76.65%68.32%81.04%76.31%+310 bps
Non-Interest Burden-2.12%-2.37%0.33%0.28%-0.07%-0.55%0.39%-0.27%-55 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 / Loans0.00%0.00%0.00%0.00%0.00%0.00%0.00%0.00%0 bps
Net Charge-Offs / Loans0.01%0.01%0.00%0.00%0.00%0.00%0.00%-0.08%-8 bps
Allowance / Loans0.07%0.09%0.10%0.07%0.25%0.27%0.23%0.36%+29 bps
Allowance Coverage of NPLsn/an/an/an/an/an/an/an/an/an/a
Capital
Tier 1 Leverage Ration/an/an/an/an/an/an/an/an/an/a
Total Risk-Based Capital18.33%17.10%21.98%15.78%15.06%15.44%14.20%12.21%-357 bps
Equity / Assets7.65%6.42%8.82%7.05%17.58%15.67%15.41%13.90%+685 bps
Liquidity & Funding
Loans / Deposits13.02%11.21%15.74%20.70%35.27%27.71%34.81%38.23%+1,753 bps
Liquid Assets / Assets1.28%0.06%0.24%0.21%0.15%0.10%0.02%0.69%+48 bps
CRE / Total Capitaln/an/an/an/an/an/an/an/an/an/a