New Bedford, MA · Cert 23291
FDIC
Q2 2004
Board Package
Performance Trends and Peer Comparison
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.
No peer standings are published for this institution and quarter.
Peer groups below the disclosure floor are suppressed.
New Bedford, MA · Cert 23291
FDIC
Q2 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 | Q3 2002 | Q4 2002 | Q1 2003 | Q2 2003 | Q3 2003 | Q4 2003 | Q1 2004 | Q2 2004 | YoY Δ | Trend |
|---|---|---|---|---|---|---|---|---|---|---|
| Earnings | ||||||||||
| Return on Assets | 0.98% | 1.00% | -0.16% | 0.58% | 0.71% | 0.75% | 0.82% | 0.83% | +24 bps | |
| Return on Equity | 13.42% | 13.54% | -2.02% | 7.22% | 8.60% | 8.88% | 8.89% | 8.48% | +126 bps | |
| Net Interest Margin | 3.24% | 3.24% | 3.43% | 3.28% | 3.03% | 3.11% | 3.31% | 3.04% | -24 bps | |
| Efficiency Ratio | 50.92% | 50.68% | 57.23% | 55.58% | 53.76% | 54.27% | 58.33% | 57.21% | +164 bps | |
| Non-Interest Burden | 1.50% | 1.50% | 1.85% | 1.70% | 1.52% | 1.58% | 1.85% | 1.62% | -8 bps | |
| Growth | ||||||||||
| Asset Growth (YoY) | 11.43% | 8.98% | 8.57% | 26.05% | 22.27% | 21.20% | 19.92% | 19.35% | -670 bps | |
| Loan Growth (YoY) | 10.38% | 15.84% | 15.66% | 33.97% | 24.01% | 21.37% | 20.41% | 12.44% | -2,153 bps | |
| Deposit Growth (YoY) | 13.91% | 10.03% | 8.43% | 24.49% | 21.64% | 21.96% | 21.48% | 24.89% | +40 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 | 0.09% | 0.09% | 0.26% | 0.18% | 0.16% | 0.16% | 0.21% | 0.15% | -3 bps | |
| Allowance / Loans | 1.11% | 1.11% | 1.10% | 1.12% | 1.20% | 1.19% | 1.17% | 1.17% | +5 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 | 11.59% | 11.87% | 12.16% | 10.56% | 11.34% | 11.26% | 11.12% | 11.67% | +111 bps | |
| Equity / Assets | 7.24% | 7.65% | 7.75% | 8.68% | 8.87% | 9.28% | 9.12% | 10.68% | +200 bps | |
| Liquidity & Funding | ||||||||||
| Loans / Deposits | 115.86% | 122.39% | 123.06% | 122.45% | 118.11% | 121.79% | 121.98% | 110.24% | -1,221 bps | |
| Liquid Assets / Assets | 0.45% | 0.41% | 0.39% | 0.33% | 0.37% | 0.37% | 0.37% | 0.28% | -6 bps | |
| CRE / Total Capital | n/a | n/a | n/a | n/a | n/a | n/a | n/a | n/a | n/a | n/a |