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Equitable Co-operative Bank

Lynn, MA · Cert 26453

FDIC · 2 branches

Q2 2016

Board Package

Performance Trends and Peer Comparison

Part 1Performance Trends, own institution only2
Part 2Peer Comparison, not published for this institution and quartern/a

Basis

Quarter: Q2 2016, the quarter ended June 30, 2016, on both parts.

Income statement: year to date as filed, annualized, on both parts.

Balance sheet: as filed at quarter end.

Peer group

No peer standings are published for this institution and quarter.

Peer groups below the disclosure floor are suppressed.

Source: FFIEC Call Report (031/041/051), as filed. Dollar figures derived from reported amounts in thousands. Ratios computed by CallReports.ai using published regulatory formulas.

CallReports · callreports.ai · Board PackageGenerated 2026-10-11

Equitable Co-operative Bank

Lynn, MA · Cert 26453

FDIC · 2 branches

Q2 2016

$99.9MAssets
$64.2MLoans
$85.8MDeposits
$12.8MEquity
Loan mix
97%RE $60.8M0%C&I $0.2M3%Consumer $1.9MQ2 2015Q2 2016
Deposit mix
87%Interest-bearing $74.4M13%Noninterest $11.3MQ2 2015Q2 2016

NIM

3.22%Q2 ’143.11%Q2 ’153.04%Q2 ’16-4%+7%

Non-interest income vs. expense

3.18%Q2 ’142.77%Q2 ’153.00%Q2 ’16-8%-2%

Market Position · Boston-Cambridge-Newton, MA-NH · 2016 SOD (annual) · 0.0% share · #104 of 138 inst. · $0.1B of $311.2B

Executive Summary

  • Earnings: ROA of 0.18%, down 14 bps year over year; NIM at 2.84%.
  • Asset quality: problem loans at 0.00% of loans (0 bps YoY), with net charge-offs at 0.00%.
  • Capital: tier 1 leverage ratio of 11.78%, up 144 bps from a year ago.
  • Funding: loans stand at 74.88% of deposits as of Q2 2016.

Financial Results

Return on Assets (YTD, annualized)

0.18%-14 bps YoY

Net Interest Margin (YTD, annualized)

2.84%+19 bps YoY

Efficiency Ratio (YTD, annualized)

78.23%-1,147 bps YoY

Tier 1 Leverage Ratio

11.78%+144 bps YoY

Year to date, annualized, through each quarter.

MetricQ2 2015Q3 2015Q4 2015Q1 2016Q2 2016YoY ΔTrend
Earnings
Return on Assets0.31%1.02%0.69%0.04%0.18%-14 bps
Return on Equity3.00%9.42%6.16%0.35%1.40%-160 bps
Net Interest Margin2.65%2.82%2.85%2.83%2.84%+19 bps
Efficiency Ratio89.70%84.07%87.37%83.15%78.23%-1,147 bps
Non-Interest Burden2.34%2.33%2.51%2.42%2.29%-5 bps
Growth
Asset Growth (YoY)-5.60%-1.40%-3.48%-3.99%-3.07%+253 bps
Loan Growth (YoY)-2.19%-2.14%-3.92%-5.03%-8.32%-613 bps
Deposit Growth (YoY)-4.00%-1.15%4.18%2.75%1.11%+511 bps
Asset Quality
Nonperforming Loans / Loans0.00%0.00%0.00%0.00%0.00%0 bps
Net Charge-Offs / Loans0.04%0.08%0.06%0.00%0.00%-4 bps
Allowance / Loans0.89%0.01%0.08%0.23%0.32%-57 bps
Allowance Coverage of NPLsn/an/an/an/an/an/an/a
Capital
Tier 1 Leverage Ratio10.34%11.24%11.31%11.53%11.78%+144 bps
Total Risk-Based Capital16.20%16.56%17.54%18.07%19.24%+304 bps
Equity / Assets10.47%12.30%12.20%12.53%12.78%+231 bps
Liquidity & Funding
Loans / Deposits82.58%81.21%77.23%76.81%74.88%-770 bps
Liquid Assets / Assets5.32%7.49%5.53%7.91%8.00%+267 bps
CRE / Total Capitaln/an/an/an/an/an/an/a