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Newton South Co-operative Bank

Newton, MA · Cert 26485

FDIC

Q2 2003

$121.8MAssets
$97.0MLoans
$100.9MDeposits
$20.7MEquity
Loan mix
91%RE $59.9M9%C&I $6.1M0%Consumer $0.1MQ3 2001Q2 2003
Deposit mix
89%Interest-bearing $90.0M11%Noninterest $10.9MQ3 2001Q2 2003

Executive Summary

  • Earnings: ROA of 1.74%, down 18 bps year over year; NIM at 5.35%.
  • Asset quality: problem loans at 0.00% of loans (0 bps YoY), with net charge-offs at 0.00%.
  • Funding: loans stand at 96.18% of deposits as of Q2 2003.

Return on Assets (quarter, annualized)

1.74%-18 bps YoY

Net Interest Margin (quarter, annualized)

5.35%-18 bps YoY

Efficiency Ratio (quarter, annualized)

44.98%+785 bps YoY

Tier 1 Leverage Ratio

n/a
n/a

NIM

7.99%Q2 ’017.50%Q2 ’026.47%Q2 ’03+10%-3%

Non-interest income vs. expense

2.13%Q2 ’012.12%Q2 ’022.54%Q2 ’03+3%+16%

Discrete quarter, annualized.

MetricQ3 2001Q4 2001Q1 2002Q2 2002Q3 2002Q4 2002Q1 2003Q2 2003YoY ΔTrend
Earnings
Return on Assets1.86%1.71%1.90%1.92%1.86%1.98%1.93%1.74%-18 bps
Return on Equity12.40%10.84%12.02%12.10%11.49%12.08%11.63%10.36%-174 bps
Net Interest Margin5.00%5.09%5.34%5.53%5.32%5.53%5.27%5.35%-18 bps
Efficiency Ratio38.09%41.52%36.64%37.13%37.12%37.20%37.27%44.98%+785 bps
Non-Interest Burden1.80%1.99%1.84%1.93%1.84%1.86%1.82%2.24%+31 bps
Growth
Asset Growth (YoY)13.05%9.33%11.50%1.40%7.36%8.78%5.90%5.97%+457 bps
Loan Growth (YoY)10.28%8.30%9.27%1.49%1.74%1.48%-2.29%0.84%-65 bps
Deposit Growth (YoY)12.67%11.64%12.78%6.05%11.73%10.22%6.84%4.72%-133 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%0.22%0.00%0.05%0.00%0.02%0.00%0 bps
Allowance / Loans0.34%0.39%0.41%0.52%0.60%0.70%0.75%0.77%+25 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 Capital23.27%24.20%23.33%23.96%24.23%24.15%24.21%24.88%+91 bps
Equity / Assets15.56%15.95%15.62%16.09%16.27%16.52%16.62%17.02%+93 bps
Liquidity & Funding
Loans / Deposits107.54%104.76%102.23%99.88%97.93%96.44%93.50%96.18%-370 bps
Liquid Assets / Assets2.66%3.02%2.56%2.91%3.80%3.81%4.09%5.61%+269 bps
CRE / Total Capitaln/an/an/an/an/an/an/an/an/an/a