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United Co-operative Bank

West Springfield, MA · Cert 26486

FDIC

Q1 2014

$2.5BAssets
$1.9BLoans
$2.0BDeposits
$300.6MEquity
Loan mix
84%RE $1.2B15%C&I $0.2B1%Consumer $0.0BQ2 2012Q1 2014
Deposit mix
95%Interest-bearing $1.9B5%Noninterest $0.1BQ2 2012Q1 2014

Executive Summary

  • Earnings: ROA of 0.85%, down 1 bps year over year; NIM at 3.19%.
  • Asset quality: problem loans at 0.00% of loans (0 bps YoY), with net charge-offs at 0.09%.
  • Funding: loans stand at 94.79% of deposits as of Q1 2014.

Return on Assets (YTD, annualized)

0.85%-1 bps YoY

Net Interest Margin (YTD, annualized)

3.19%-30 bps YoY

Efficiency Ratio (YTD, annualized)

64.45%+3 bps YoY

Tier 1 Leverage Ratio

n/a
n/a

NIM

4.20%Q1 ’124.13%Q1 ’133.75%Q1 ’14+7%-9%

Non-interest income vs. expense

2.64%Q1 ’122.55%Q1 ’132.33%Q1 ’14+3%-9%

Year to date, annualized, through each quarter.

MetricQ2 2012Q3 2012Q4 2012Q1 2013Q2 2013Q3 2013Q4 2013Q1 2014YoY ΔTrend
Earnings
Return on Assets0.78%0.77%0.34%0.86%0.78%0.78%0.79%0.85%-1 bps
Return on Equity6.34%6.30%2.77%6.81%6.37%6.45%6.52%7.05%+23 bps
Net Interest Margin3.22%3.23%2.34%3.49%3.40%3.30%3.24%3.19%-30 bps
Efficiency Ratio68.25%67.12%79.22%64.42%66.83%65.93%66.11%64.45%+3 bps
Non-Interest Burden2.02%1.98%1.78%2.13%2.17%2.06%2.04%1.95%-19 bps
Growth
Asset Growth (YoY)2.95%5.33%48.53%46.48%48.43%47.89%3.37%1.43%-4,506 bps
Loan Growth (YoY)6.43%9.88%61.91%61.41%59.88%55.38%3.54%1.00%-6,042 bps
Deposit Growth (YoY)5.95%7.19%51.34%48.91%52.82%51.79%5.24%3.12%-4,579 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 / Loans0.13%0.11%0.12%0.07%0.09%0.10%0.15%0.09%+2 bps
Allowance / Loans1.01%1.03%0.66%0.69%0.70%0.72%0.71%0.73%+4 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 Capital15.23%14.77%13.61%13.64%12.58%12.94%13.09%13.57%-7 bps
Equity / Assets12.13%12.16%12.52%12.58%11.67%11.66%11.83%12.20%-38 bps
Liquidity & Funding
Loans / Deposits91.26%94.06%97.37%96.78%95.48%96.28%95.79%94.79%-199 bps
Liquid Assets / Assets7.27%6.11%3.52%4.45%4.63%4.88%5.31%5.73%+128 bps
CRE / Total Capitaln/an/an/an/an/an/an/an/an/an/a