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Plymouth Savings Bank

Wareham, MA · Cert 23463

FDIC

Q1 2005

$1.2BAssets
$703.9MLoans
$1.0BDeposits
$133.2MEquity
Loan mix
91%RE $436.4M8%C&I $40.4M0%Consumer $0.3MQ1 2004Q1 2005
Deposit mix
86%Interest-bearing $881.7M14%Noninterest $144.0MQ1 2004Q1 2005

NIM

4.77%Q1 ’034.19%Q1 ’044.13%Q1 ’05-11%-3%

Non-interest income vs. expense

2.98%Q1 ’032.75%Q1 ’043.66%Q1 ’05+106%+28%

Executive Summary

  • Earnings: ROA of 0.54%, down 23 bps year over year; NIM at 2.89%.
  • Asset quality: problem loans at 0.00% of loans (0 bps YoY), with net charge-offs at 0.00%.
  • Funding: loans stand at 68.62% of deposits as of Q1 2005.

Financial Results

Return on Assets (quarter, annualized)

0.54%1-23 bps YoY

Net Interest Margin (quarter, annualized)

2.89%-8 bps YoY

Efficiency Ratio (quarter, annualized)

94.42%+1,861 bps YoY

Tier 1 Leverage Ratio

n/a

Discrete quarter, annualized.

MetricQ1 2004Q2 2004Q3 2004Q4 2004Q1 2005YoY ΔTrend
Earnings
Return on Assets0.76%0.72%0.06%1-3.87%0.54%1-23 bps
Return on Equity7.97%7.62%0.60%-38.88%5.01%-296 bps
Net Interest Margin2.97%2.77%2.85%2.85%2.89%-8 bps
Efficiency Ratio75.81%71.57%109.89%184.17%94.42%+1,861 bps
Non-Interest Burden2.09%1.60%3.20%5.91%2.67%+58 bps
Growth
Asset Growth (YoY)5.05%-4.91%-0.38%-12.99%-19.07%-2,412 bps
Loan Growth (YoY)-10.66%-13.27%-5.88%9.85%6.35%+1,701 bps
Deposit Growth (YoY)-1.94%-4.28%-1.30%3.36%-1.39%+55 bps
Asset Quality
Nonperforming Loans / Loans0.00%0.00%0.00%0.00%0.00%0 bps
Net Charge-Offs / Loans0.53%-0.12%0.00%0.36%0.00%-52 bps
Allowance / Loans1.46%1.48%1.47%1.61%1.61%+15 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 Capital17.72%18.46%18.02%17.68%17.79%+7 bps
Equity / Assets9.60%9.32%9.46%10.56%10.84%+124 bps
Liquidity & Funding
Loans / Deposits63.62%62.97%63.08%66.59%68.62%+500 bps
Liquid Assets / Assets0.01%0.72%0.66%0.02%0.00%-1 bps
CRE / Total Capitaln/an/an/an/an/an/an/a