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Lowell Co-operative Bank

Lowell, MA · Cert 26467

FDIC · 2 branches

Q2 2018

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 2018, the quarter ended June 30, 2018, 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

Lowell Co-operative Bank

Lowell, MA · Cert 26467

FDIC · 2 branches

Q2 2018

$143.4MAssets
$123.8MLoans
$83.9MDeposits
$10.0MEquity
Loan mix
99%RE $112.1M1%C&I $1.6M0%Consumer $0.1MQ2 2017Q2 2018
Deposit mix
86%Interest-bearing $72.3M14%Noninterest $11.6MQ2 2017Q2 2018

NIM

3.99%Q2 ’163.96%Q2 ’174.31%Q2 ’18+0%+4%

Non-interest income vs. expense

13.37%Q2 ’1610.27%Q2 ’178.11%Q2 ’18+33%-7%

Market Position · Boston-Cambridge-Newton, MA-NH · 2018 SOD (annual) · 0.0% share · #97 of 126 inst. · $0.1B of $348.3B

Executive Summary

  • Earnings: ROA of -0.94%, up 56 bps year over year; NIM at 3.17%.
  • Asset quality: problem loans at 1.68% of loans (-28 bps YoY), with net charge-offs at 0.00%.
  • Capital: tier 1 leverage ratio of 7.24%, down 111 bps from a year ago.
  • Funding: loans stand at 147.49% of deposits as of Q2 2018.

Financial Results

Return on Assets (YTD, annualized)

-0.94%+56 bps YoY

Net Interest Margin (YTD, annualized)

3.17%+12 bps YoY

Efficiency Ratio (YTD, annualized)

116.06%-215 bps YoY

Tier 1 Leverage Ratio

7.24%-111 bps YoY

Year to date, annualized, through each quarter.

MetricQ2 2017Q3 2017Q4 2017Q1 2018Q2 2018YoY ΔTrend
Earnings
Return on Assets-1.50%-1.25%-1.38%-1.18%-0.94%+56 bps
Return on Equity-17.92%-15.26%-17.12%-16.12%-13.06%+486 bps
Net Interest Margin3.06%3.15%3.08%3.19%3.17%+12 bps
Efficiency Ratio118.22%114.25%115.93%122.70%116.06%-215 bps
Non-Interest Burden4.64%4.45%4.44%4.66%4.30%-34 bps
Growth
Asset Growth (YoY)-10.46%-5.55%-1.42%-2.72%1.45%+1,192 bps
Loan Growth (YoY)-5.69%0.09%7.25%6.05%0.23%+592 bps
Deposit Growth (YoY)-8.57%-11.71%-10.82%-14.06%-16.79%-821 bps
Asset Quality
Nonperforming Loans / Loans1.96%1.65%1.66%1.50%1.68%-28 bps
Net Charge-Offs / Loans0.00%0.00%0.00%0.00%0.00%0 bps
Allowance / Loans0.64%0.64%0.66%0.60%0.61%-3 bps
Allowance Coverage of NPLs0.3x0.4x0.4x0.4x0.4x0.0x
Capital
Tier 1 Leverage Ratio8.35%8.19%7.47%7.24%7.24%-111 bps
Total Risk-Based Capital14.38%13.67%12.94%12.50%12.42%-196 bps
Equity / Assets8.18%7.67%7.43%7.22%6.96%-122 bps
Liquidity & Funding
Loans / Deposits122.45%137.71%140.95%138.04%147.49%+2,504 bps
Liquid Assets / Assets5.60%4.05%2.18%4.21%7.01%+141 bps
CRE / Total Capitaln/an/an/an/an/an/an/a