Falmouth, MA · Cert 26481
FDIC
Q2 2004
Board Package
Performance Trends and Peer Comparison
Quarter: Q2 2004, the quarter ended June 30, 2004, 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.
Falmouth, MA · Cert 26481
FDIC
Q2 2004
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 | Q3 2002 | Q4 2002 | Q1 2003 | Q2 2003 | Q3 2003 | Q4 2003 | Q1 2004 | Q2 2004 | YoY Δ | Trend |
|---|---|---|---|---|---|---|---|---|---|---|
| Earnings | ||||||||||
| Return on Assets | 0.98% | 1.01% | -1.39% | 0.07% | 0.28% | 0.23% | 0.11%1 | 0.05%1 | -3 bps | |
| Return on Equity | 9.69% | 9.95% | -14.01% | 0.74% | 2.77% | 2.32% | 1.10% | 0.47% | -28 bps | |
| Net Interest Margin | 3.40% | 3.29% | 2.72% | 2.68% | 2.53% | 2.61% | 2.69% | 2.76% | +8 bps | |
| Efficiency Ratio | 50.76% | 51.78% | 63.74% | 65.55% | 65.75% | 70.42% | 89.88% | 93.97% | +2,842 bps | |
| Non-Interest Burden | 1.42% | 1.35% | 1.42% | 1.52% | 1.41% | 1.64% | 2.38% | 2.57% | +105 bps | |
| Growth | ||||||||||
| Asset Growth (YoY) | 4.73% | 3.76% | 6.68% | 5.55% | 8.48% | 4.07% | 0.80% | -5.62% | -1,117 bps | |
| Loan Growth (YoY) | -15.46% | -23.12% | -23.69% | -21.07% | -12.37% | 3.13% | 10.10% | 14.03% | +3,510 bps | |
| Deposit Growth (YoY) | 8.15% | 6.66% | 7.32% | 6.97% | 10.89% | 6.60% | 4.33% | -4.76% | -1,173 bps | |
| Asset Quality | ||||||||||
| Nonperforming Loans / Loans | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0 bps | |
| Net Charge-Offs / Loans | 0.01% | 0.01% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0 bps | |
| Allowance / Loans | 0.98% | 1.10% | 1.13% | 1.11% | 1.12% | 0.86% | 0.90% | 0.90% | -21 bps | |
| Allowance Coverage of NPLs | n/a | n/a | n/a | 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 | n/a | n/a | n/a |
| Total Risk-Based Capital | 14.59% | 15.24% | 14.67% | 13.35% | 13.09% | 13.96% | 14.55% | 16.51% | +316 bps | |
| Equity / Assets | 9.63% | 10.12% | 9.78% | 9.86% | 9.96% | 10.59% | 10.05% | 10.49% | +63 bps | |
| Liquidity & Funding | ||||||||||
| Loans / Deposits | 72.52% | 65.83% | 61.88% | 59.48% | 57.31% | 63.69% | 65.31% | 71.22% | +1,174 bps | |
| Liquid Assets / Assets | 18.32% | 19.43% | 19.35% | 20.24% | 19.59% | 15.59% | 18.12% | 12.60% | -763 bps | |
| CRE / Total Capital | n/a | n/a | n/a | n/a | n/a | n/a | n/a | n/a | n/a | n/a |