Hudson, MA · Cert 2593
FDIC
Q3 2003
Board Package
Performance Trends and Peer Comparison
Quarter: Q3 2003, the quarter ended September 30, 2003, 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.
Hudson, MA · Cert 2593
FDIC
Q3 2003
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 | Q4 2001 | Q1 2002 | Q2 2002 | Q3 2002 | Q4 2002 | Q1 2003 | Q2 2003 | Q3 2003 | YoY Δ | Trend |
|---|---|---|---|---|---|---|---|---|---|---|
| Earnings | ||||||||||
| Return on Assets | 1.31% | 1.32% | 1.38% | 1.39% | 1.33% | 1.26% | 1.26% | 1.20% | -18 bps | |
| Return on Equity | n/a | 15.18% | 15.67% | 15.55% | 14.89% | 14.42% | 14.42% | 13.73% | -182 bps | |
| Net Interest Margin | 4.00% | 4.06% | 4.04% | 4.02% | 3.90% | 3.86% | 3.78% | 3.57% | -46 bps | |
| Efficiency Ratio | 63.23% | 61.39% | 59.81% | 59.26% | 61.58% | 62.74% | 62.37% | 64.34% | +508 bps | |
| Non-Interest Burden | 2.07% | 2.03% | 1.95% | 1.92% | 1.97% | 1.99% | 1.92% | 1.89% | -3 bps | |
| Growth | ||||||||||
| Asset Growth (YoY) | 7.44% | 10.22% | 7.84% | 6.69% | 8.21% | 8.39% | 9.89% | 8.82% | +213 bps | |
| Loan Growth (YoY) | 9.71% | 6.36% | 7.67% | 9.11% | 7.12% | 13.44% | 14.29% | 16.22% | +711 bps | |
| Deposit Growth (YoY) | 4.01% | 8.11% | 4.31% | 3.93% | 10.82% | 4.86% | 4.84% | 1.72% | -221 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 | 0.07% | 0.13% | 0.04% | 0.04% | 0.06% | 0.06% | 0.03% | 0.00% | -4 bps | |
| Allowance / Loans | 1.41% | 1.41% | 1.41% | 1.38% | 1.34% | 1.28% | 1.25% | 1.23% | -15 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 | 16.70% | 17.01% | 16.94% | 16.98% | 16.32% | 15.92% | 16.11% | 16.62% | -35 bps | |
| Equity / Assets | 8.81% | 8.64% | 9.01% | 9.17% | 8.87% | 8.64% | 8.76% | 8.81% | -36 bps | |
| Liquidity & Funding | ||||||||||
| Loans / Deposits | 59.50% | 56.23% | 58.43% | 58.69% | 57.52% | 60.84% | 63.70% | 67.06% | +837 bps | |
| Liquid Assets / Assets | 24.45% | 22.36% | 24.72% | 24.25% | 26.48% | 28.48% | 30.24% | 26.93% | +268 bps | |
| CRE / Total Capital | n/a | n/a | n/a | n/a | n/a | n/a | n/a | n/a | n/a | n/a |