PackageTrendsPeer
Letter portraitLegal landscape

Compass Bank for Savings

New Bedford, MA · Cert 23291

FDIC

Q2 2004

Board Package

Performance Trends and Peer Comparison

Part 1Performance Trends, own institution only2
Part 2Peer Comparison, not published for this institution and quartern/a

Basis

Quarter: Q2 2004, the quarter ended June 30, 2004, on both parts.

Income statement: year to date as filed, annualized, on both parts.

Balance sheet: as filed at quarter end.

Peer group

No peer standings are published for this institution and quarter.

Peer groups below the disclosure floor are suppressed.

Source: FFIEC Call Report (031/041/051), as filed. Dollar figures derived from reported amounts in thousands. Ratios computed by CallReports.ai using published regulatory formulas.

CallReports · callreports.ai · Board PackageGenerated 2026-10-11

Compass Bank for Savings

New Bedford, MA · Cert 23291

FDIC

Q2 2004

$4.8BAssets
$3.7BLoans
$3.3BDeposits
$507.7MEquity
Loan mix
95%RE $2.0B5%C&I $0.1B0%Consumer $0.0BQ2 2003Q2 2004
Deposit mix
92%Interest-bearing $3.1B8%Noninterest $0.3BQ2 2003Q2 2004

NIM

6.21%Q2 ’025.51%Q2 ’034.75%Q2 ’04-2%-7%

Non-interest income vs. expense

1.94%Q2 ’022.03%Q2 ’032.01%Q2 ’04+7%-5%

Executive Summary

  • Earnings: ROA of 0.83%, up 24 bps year over year; NIM at 3.04%.
  • Asset quality: problem loans at 0.00% of loans (0 bps YoY), with net charge-offs at 0.15%.
  • Funding: loans stand at 110.24% of deposits as of Q2 2004.

Financial Results

Return on Assets (YTD, annualized)

0.83%+24 bps YoY

Net Interest Margin (YTD, annualized)

3.04%-24 bps YoY

Efficiency Ratio (YTD, annualized)

57.21%+164 bps YoY

Tier 1 Leverage Ratio

n/a

Year to date, annualized, through each quarter.

MetricQ2 2003Q3 2003Q4 2003Q1 2004Q2 2004YoY ΔTrend
Earnings
Return on Assets0.58%0.71%0.75%0.82%0.83%+24 bps
Return on Equity7.22%8.60%8.88%8.89%8.48%+126 bps
Net Interest Margin3.28%3.03%3.11%3.31%3.04%-24 bps
Efficiency Ratio55.58%53.76%54.27%58.33%57.21%+164 bps
Non-Interest Burden1.70%1.52%1.58%1.85%1.62%-8 bps
Growth
Asset Growth (YoY)26.05%22.27%21.20%19.92%19.35%-670 bps
Loan Growth (YoY)33.97%24.01%21.37%20.41%12.44%-2,153 bps
Deposit Growth (YoY)24.49%21.64%21.96%21.48%24.89%+40 bps
Asset Quality
Nonperforming Loans / Loans0.00%0.00%0.00%0.00%0.00%0 bps
Net Charge-Offs / Loans0.18%0.16%0.16%0.21%0.15%-3 bps
Allowance / Loans1.12%1.20%1.19%1.17%1.17%+5 bps
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 Capital10.56%11.34%11.26%11.12%11.67%+111 bps
Equity / Assets8.68%8.87%9.28%9.12%10.68%+200 bps
Liquidity & Funding
Loans / Deposits122.45%118.11%121.79%121.98%110.24%-1,221 bps
Liquid Assets / Assets0.33%0.37%0.37%0.37%0.28%-6 bps
CRE / Total Capitaln/an/an/an/an/an/an/a