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Southbridge Savings Bank

Southbridge, MA · Cert 23524

FDIC · 9 branches

Q1 2017

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: Q1 2017, the quarter ended March 31, 2017, 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

Southbridge Savings Bank

Southbridge, MA · Cert 23524

FDIC · 9 branches

Q1 2017

$558.6MAssets
$482.8MLoans
$424.3MDeposits
$45.4MEquity
Loan mix
94%RE $405.8M4%C&I $17.1M2%Consumer $10.8MQ1 2016Q1 2017
Deposit mix
90%Interest-bearing $381.2M10%Noninterest $43.0MQ1 2016Q1 2017

NIM

3.86%Q1 ’153.75%Q1 ’163.47%Q1 ’17-5%-8%

Non-interest income vs. expense

3.80%Q1 ’153.41%Q1 ’163.42%Q1 ’17-15%+5%

Market Position · Worcester, MA-CT · 2016 SOD (annual) · 2.3% share · #11 of 42 inst. · $0.4B of $17.4B

Executive Summary

  • Earnings: ROA of -0.01%, down 42 bps year over year; NIM at 2.80%.
  • Asset quality: problem loans at 0.80% of loans (+80 bps YoY), with net charge-offs at 0.02%.
  • Capital: tier 1 leverage ratio of 8.09%, up 10 bps from a year ago.
  • Funding: loans stand at 113.80% of deposits as of Q1 2017.

Financial Results

Return on Assets (YTD, annualized)

-0.01%-42 bps YoY

Net Interest Margin (YTD, annualized)

2.80%-23 bps YoY

Efficiency Ratio (YTD, annualized)

91.75%+611 bps YoY

Tier 1 Leverage Ratio

8.09%+10 bps YoY

Year to date, annualized, through each quarter.

MetricQ1 2016Q2 2016Q3 2016Q4 2016Q1 2017YoY ΔTrend
Earnings
Return on Assets0.41%0.40%0.36%0.32%-0.01%-42 bps
Return on Equity5.23%4.98%4.55%4.03%-0.10%-533 bps
Net Interest Margin3.03%2.95%2.87%2.85%2.80%-23 bps
Efficiency Ratio85.64%84.85%84.97%84.11%91.75%+611 bps
Non-Interest Burden2.46%2.35%2.28%2.28%2.59%+13 bps
Growth
Asset Growth (YoY)13.35%11.33%9.58%6.61%6.14%-721 bps
Loan Growth (YoY)14.79%8.71%10.00%8.98%7.12%-767 bps
Deposit Growth (YoY)7.96%10.09%11.60%10.76%7.56%-39 bps
Asset Quality
Nonperforming Loans / Loans0.00%0.00%0.00%0.00%0.80%+80 bps
Net Charge-Offs / Loans0.03%0.03%0.06%0.06%0.02%-1 bps
Allowance / Loans0.84%0.00%0.02%0.07%0.13%-70 bps
Allowance Coverage of NPLsn/an/an/an/a0.2xn/an/a
Capital
Tier 1 Leverage Ratio7.98%8.33%8.13%8.05%8.09%+10 bps
Total Risk-Based Capital11.84%11.67%11.15%11.27%11.42%-42 bps
Equity / Assets7.72%8.21%8.08%8.05%8.13%+40 bps
Liquidity & Funding
Loans / Deposits114.26%111.03%114.14%113.49%113.80%-47 bps
Liquid Assets / Assets1.04%1.47%1.53%0.07%0.15%-88 bps
CRE / Total Capitaln/an/an/an/an/an/an/a