PackageTrendsPeer
Letter portraitLegal landscapeQuarterYTD

Broadway National Bank of Chelsea, The

Chelsea, MA · Cert 2569

FDIC

Q3 2003

$167.5MAssets
$78.0MLoans
$147.3MDeposits
$13.0MEquity
Loan mix
97%RE $68.7M3%C&I $1.9M0%Consumer $0.1MQ3 2002Q3 2003
Deposit mix
78%Interest-bearing $114.8M22%Noninterest $32.5MQ3 2002Q3 2003

NIM

5.92%Q3 ’014.67%Q3 ’023.59%Q3 ’03-16%-22%

Non-interest income vs. expense

2.93%Q3 ’013.26%Q3 ’022.62%Q3 ’03+7%-29%

Executive Summary

  • Earnings: ROA of 0.61%, down 17 bps year over year; NIM at 2.79%.
  • Asset quality: problem loans at 0.00% of loans (0 bps YoY), with net recoveries of 0.04%.
  • Funding: loans stand at 52.98% of deposits as of Q3 2003.

Financial Results

Return on Assets (YTD, annualized)

0.61%-17 bps YoY

Net Interest Margin (YTD, annualized)

2.79%-79 bps YoY

Efficiency Ratio (YTD, annualized)

70.41%-260 bps YoY

Tier 1 Leverage Ratio

n/a

Year to date, annualized, through each quarter.

MetricQ3 2002Q4 2002Q1 2003Q2 2003Q3 2003YoY ΔTrend
Earnings
Return on Assets0.78%0.87%-0.06%0.60%0.61%-17 bps
Return on Equity10.27%11.34%-0.76%7.75%7.87%-240 bps
Net Interest Margin3.58%3.50%3.13%2.98%2.79%-79 bps
Efficiency Ratio73.01%71.12%72.02%69.96%70.41%-260 bps
Non-Interest Burden2.37%2.22%1.99%1.81%1.69%-69 bps
Growth
Asset Growth (YoY)6.29%4.41%2.98%-2.78%-3.89%-1,018 bps
Loan Growth (YoY)-9.47%-14.59%-16.49%3.05%-6.94%+253 bps
Deposit Growth (YoY)7.54%2.61%1.86%-1.57%-4.07%-1,160 bps
Asset Quality
Nonperforming Loans / Loans0.00%0.00%0.00%0.00%0.00%0 bps
Net Charge-Offs / Loans-0.01%-0.05%-0.04%-0.03%-0.04%-3 bps
Allowance / Loans1.24%1.37%1.50%1.26%1.30%+6 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 Capital13.43%13.83%12.67%13.85%14.04%+62 bps
Equity / Assets7.74%7.99%7.39%7.91%7.77%+3 bps
Liquidity & Funding
Loans / Deposits54.62%49.29%43.85%54.09%52.98%-164 bps
Liquid Assets / Assets0.07%5.40%3.26%1.67%8.43%+836 bps
CRE / Total Capitaln/an/an/an/an/an/an/a