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Telecom Co-operative Bank

Malden, MA · Cert 26449

FDIC

Q4 2006

$46.5MAssets
$35.8MLoans
$35.4MDeposits
$4.1MEquity
Deposit mix
93%Interest-bearing $32.9M7%Noninterest $2.5MQ1 2005Q4 2006

Executive Summary

  • 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
n/a

NIM

4.70%Q4 ’044.65%Q4 ’055.13%Q4 ’060%+2%

Non-interest income vs. expense

2.59%Q4 ’042.67%Q4 ’052.73%Q4 ’06+8%+3%

Year to date, annualized, through each quarter.

MetricQ1 2005Q2 2005Q3 2005Q4 2005Q1 2006Q2 2006Q3 2006Q4 2006YoY ΔTrend
Earnings
Return on Assets0.03%0.10%0.17%10.14%10.26%0.09%0.05%0.07%1-8 bps
Return on Equity0.38%1.05%1.85%1.63%3.22%1.08%0.62%0.83%-80 bps
Net Interest Margin2.77%2.70%2.71%2.63%2.65%2.68%2.74%2.69%+5 bps
Efficiency Ratio98.76%98.90%99.79%99.14%90.68%96.42%97.48%100.08%+93 bps
Non-Interest Burden2.73%2.66%2.70%2.61%2.40%2.59%2.67%2.69%+8 bps
Growth
Asset Growth (YoY)-1.48%4.34%2.24%11.35%10.08%2.88%7.72%-8.94%-2,029 bps
Loan Growth (YoY)5.34%8.40%16.76%8.50%19.44%16.21%3.99%2.05%-645 bps
Deposit Growth (YoY)-1.30%6.35%1.24%16.61%12.88%3.91%12.04%-10.47%-2,708 bps
Asset Quality
Nonperforming Loans / Loans0.00%0.00%0.00%0.00%0.00%0.00%0.00%0.00%0 bps
Net Charge-Offs / Loans0.00%0.00%0.00%0.00%0.00%0.00%0.00%0.00%0 bps
Allowance / Loans0.41%0.41%0.37%0.37%0.35%0.35%0.36%0.36%-1 bps
Allowance Coverage of NPLsn/an/an/an/an/an/an/an/an/an/a
Capital
Tier 1 Leverage Ration/an/an/an/an/an/an/an/an/an/a
Total Risk-Based Capital16.64%17.50%16.91%15.94%15.95%16.64%16.57%17.68%+174 bps
Equity / Assets9.01%9.02%8.92%8.03%8.07%8.42%8.17%8.80%+77 bps
Liquidity & Funding
Loans / Deposits90.43%90.27%99.35%88.72%95.69%100.95%92.22%101.13%+1,241 bps
Liquid Assets / Assets3.46%3.84%2.39%2.74%1.44%2.16%2.02%1.97%-78 bps
CRE / Total Capitaln/an/an/an/an/an/an/an/an/an/a