Telecom Co-operative Bank

Malden, MA · Cert 26449

FDIC

Q4 2006

$46.5MAssets

$35.8MLoans

$35.4MDeposits

$4.1MEquity

Deposit mix

NIM

Earnings: ROA of 0.07%, down 8 bps year over year; NIM at 2.69%.
Asset quality: problem loans at 0.00% of loans (0 bps YoY), with net charge-offs at 0.00%.
Funding: loans stand at 101.13% of deposits as of Q4 2006.

Return on Assets (YTD, annualized)

0.07%¹-8 bps YoY

Net Interest Margin (YTD, annualized)

2.69%+5 bps YoY

Efficiency Ratio (YTD, annualized)

100.08%+93 bps YoY

Tier 1 Leverage Ratio

n/a

Year to date, annualized, through each quarter.

Metric	Q4 2005	Q1 2006	Q2 2006	Q3 2006	Q4 2006	YoY Δ	Trend
Earnings
Return on Assets	0.14%¹	0.26%	0.09%	0.05%	0.07%¹	-8 bps
Return on Equity	1.63%	3.22%	1.08%	0.62%	0.83%	-80 bps
Net Interest Margin	2.63%	2.65%	2.68%	2.74%	2.69%	+5 bps
Efficiency Ratio	99.14%	90.68%	96.42%	97.48%	100.08%	+93 bps
Non-Interest Burden	2.61%	2.40%	2.59%	2.67%	2.69%	+8 bps
Growth
Asset Growth (YoY)	11.35%	10.08%	2.88%	7.72%	-8.94%	-2,029 bps
Loan Growth (YoY)	8.50%	19.44%	16.21%	3.99%	2.05%	-645 bps
Deposit Growth (YoY)	16.61%	12.88%	3.91%	12.04%	-10.47%	-2,708 bps
Asset Quality
Nonperforming Loans / Loans	0.00%	0.00%	0.00%	0.00%	0.00%	0 bps
Net Charge-Offs / Loans	0.00%	0.00%	0.00%	0.00%	0.00%	0 bps
Allowance / Loans	0.37%	0.35%	0.35%	0.36%	0.36%	-1 bps
Allowance Coverage of NPLs	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
Total Risk-Based Capital	15.94%	15.95%	16.64%	16.57%	17.68%	+174 bps
Equity / Assets	8.03%	8.07%	8.42%	8.17%	8.80%	+77 bps
Liquidity & Funding
Loans / Deposits	88.72%	95.69%	100.95%	92.22%	101.13%	+1,241 bps
Liquid Assets / Assets	2.74%	1.44%	2.16%	2.02%	1.97%	-78 bps
CRE / Total Capital	n/a	n/a	n/a	n/a	n/a	n/a	n/a