Ipswich, MA · Cert 2595
FDIC · 6 branches
Q4 2019
Board Package
Performance Trends and Peer Comparison
Quarter: Q4 2019, the quarter ended December 31, 2019, 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.
Ipswich, MA · Cert 2595
FDIC · 6 branches
Q4 2019
Market Position · Boston-Cambridge-Newton, MA-NH · 2019 SOD (annual) · 0.1% share · #60 of 119 inst. · $0.4B of $357.4B
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 | Q1 2018 | Q2 2018 | Q3 2018 | Q4 2018 | Q1 2019 | Q2 2019 | Q3 2019 | Q4 2019 | YoY Δ | Trend |
|---|---|---|---|---|---|---|---|---|---|---|
| Earnings | ||||||||||
| Return on Assets | 0.48% | 0.41% | 0.38% | 0.44% | 0.34% | 0.25% | 0.27% | 0.32% | -11 bps | |
| Return on Equity | 4.94% | 4.14% | 3.85% | 4.41% | 3.42% | 2.51% | 2.80% | 3.29% | -112 bps | |
| Net Interest Margin | 2.99% | 3.04% | 3.11% | 3.12% | 3.08% | 2.95% | 2.86% | 2.69% | -42 bps | |
| Efficiency Ratio | 84.76% | 82.14% | 78.05% | 78.64% | 85.51% | 87.25% | 86.78% | 85.28% | +664 bps | |
| Non-Interest Burden | 2.53% | 2.47% | 2.36% | 2.38% | 2.56% | 2.54% | 2.45% | 2.27% | -12 bps | |
| Growth | ||||||||||
| Asset Growth (YoY) | 9.87% | 3.05% | 5.75% | 4.03% | 0.78% | 13.25% | 12.21% | 10.63% | +660 bps | |
| Loan Growth (YoY) | 2.35% | -0.11% | -2.75% | 0.31% | -3.84% | -0.81% | 0.57% | 2.34% | +203 bps | |
| Deposit Growth (YoY) | 18.34% | 6.97% | 7.74% | 5.48% | 1.19% | 6.46% | 4.37% | 2.83% | -265 bps | |
| Asset Quality | ||||||||||
| Nonperforming Loans / Loans | 1.79% | 1.52% | 1.40% | 1.33% | 0.55% | 0.53% | 0.46% | 0.42% | -91 bps | |
| Net Charge-Offs / Loans | 0.00% | 0.13% | 0.09% | 0.18% | 1.21% | 0.62% | 0.43% | 0.32% | +14 bps | |
| Allowance / Loans | 0.96% | 0.99% | 1.21% | 1.09% | 0.85% | 0.86% | 0.82% | 0.78% | -31 bps | |
| Allowance Coverage of NPLs | 0.5x | 0.7x | 0.9x | 0.8x | 1.5x | 1.6x | 1.8x | 1.9x | +1.1x | |
| Capital | ||||||||||
| Tier 1 Leverage Ratio | 9.55% | 9.43% | 9.48% | 9.59% | 9.63% | 9.34% | 9.11% | 8.80% | -79 bps | |
| Total Risk-Based Capital | 14.63% | 15.23% | 15.31% | 15.06% | 14.99% | 14.07% | 13.86% | 14.24% | -82 bps | |
| Equity / Assets | 9.67% | 10.14% | 9.73% | 9.90% | 10.19% | 9.66% | 9.47% | 9.55% | -34 bps | |
| Liquidity & Funding | ||||||||||
| Loans / Deposits | 81.73% | 85.61% | 82.52% | 80.59% | 77.67% | 79.76% | 79.52% | 80.20% | -39 bps | |
| Liquid Assets / Assets | 2.78% | 2.83% | 2.03% | 3.92% | 2.49% | 3.04% | 5.32% | 6.29% | +237 bps | |
| CRE / Total Capital | n/a | n/a | n/a | n/a | n/a | n/a | n/a | n/a | n/a | n/a |