PackageTrendsPeer
Letter portraitLegal landscape

Beverly National Bank, The

Beverly, MA · Cert 2557

FDIC

Q4 2009

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: Q4 2009, the quarter ended December 31, 2009, 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

Beverly National Bank, The

Beverly, MA · Cert 2557

FDIC

Q4 2009

$535.4MAssets
$313.1MLoans
$412.8MDeposits
$33.2MEquity
Loan mix
76%RE $162.9M23%C&I $49.9M0%Consumer $0.2MQ4 2008Q4 2009
Deposit mix
78%Interest-bearing $322.7M22%Noninterest $90.1MQ4 2008Q4 2009

NIM

5.76%Q4 ’075.55%Q4 ’080.71%Q4 ’09+7%-86%

Non-interest income vs. expense

3.28%Q4 ’073.30%Q4 ’080.42%Q4 ’09+3%-87%

Executive Summary

  • Earnings: ROA of 0.19%, up 23 bps year over year; NIM at 0.52%.
  • Asset quality: problem loans at 0.00% of loans (0 bps YoY), with net charge-offs at 0.06%.
  • Funding: loans stand at 75.85% of deposits as of Q4 2009.

Financial Results

Return on Assets (YTD, annualized)

0.19%+23 bps YoY

Net Interest Margin (YTD, annualized)

0.52%-313 bps YoY

Efficiency Ratio (YTD, annualized)

65.36%-660 bps YoY

Tier 1 Leverage Ratio

n/a

Year to date, annualized, through each quarter.

MetricQ4 2008Q1 2009Q2 2009Q3 2009Q4 2009YoY ΔTrend
Earnings
Return on Assets-0.04%0.74%0.64%0.62%0.19%+23 bps
Return on Equity-0.45%9.12%7.88%7.75%2.53%+298 bps
Net Interest Margin3.65%3.92%3.77%3.55%0.52%-313 bps
Efficiency Ratio71.96%74.01%77.82%78.52%65.36%-660 bps
Non-Interest Burden2.36%2.70%2.76%2.62%0.30%-206 bps
Growth
Asset Growth (YoY)2.84%-0.66%0.73%9.65%10.59%+775 bps
Loan Growth (YoY)5.22%0.87%-3.33%-3.19%-7.56%-1,278 bps
Deposit Growth (YoY)-2.90%-2.67%1.24%10.46%21.31%+2,421 bps
Asset Quality
Nonperforming Loans / Loans0.00%0.00%0.00%0.00%0.00%0 bps
Net Charge-Offs / Loans0.09%-0.04%0.00%0.07%0.06%-3 bps
Allowance / Loans1.22%1.30%1.38%1.34%1.40%+18 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 Capital12.61%12.86%12.20%12.33%10.90%-171 bps
Equity / Assets8.00%8.25%7.97%7.82%6.20%-180 bps
Liquidity & Funding
Loans / Deposits99.55%96.38%88.02%82.41%75.85%-2,370 bps
Liquid Assets / Assets0.01%0.02%4.47%11.92%23.69%+2,368 bps
CRE / Total Capitaln/an/an/an/an/an/an/a