Marlborough, MA · Cert 26510
FDIC
Q3 2008
Board Package
Performance Trends and Peer Comparison
Quarter: Q3 2008, the quarter ended September 30, 2008, 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.
Marlborough, MA · Cert 26510
FDIC
Q3 2008
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 | Q4 2006 | Q1 2007 | Q2 2007 | Q3 2007 | Q4 2007 | Q1 2008 | Q2 2008 | Q3 2008 | YoY Δ | Trend |
|---|---|---|---|---|---|---|---|---|---|---|
| Earnings | ||||||||||
| Return on Assets | -0.15% | -1.36% | -0.78% | -0.57% | -0.46% | -0.17% | -0.14% | -1.67% | -110 bps | |
| Return on Equity | -1.40% | -12.67% | -7.18% | -5.25% | -4.23% | -1.72% | -1.46% | -18.15% | -1,290 bps | |
| Net Interest Margin | 2.08% | 1.98% | 2.18% | 2.18% | 2.19% | 1.94% | 1.95% | 2.01% | -17 bps | |
| Efficiency Ratio | 116.34% | 287% | 169.08% | 148.00% | 137.97% | 120.56% | 115.02% | 116.46% | -3,153 bps | |
| Non-Interest Burden | 2.45% | 3.95% | 3.47% | 3.19% | 3.05% | 2.43% | 2.29% | 2.41% | -78 bps | |
| Growth | ||||||||||
| Asset Growth (YoY) | -1.30% | -5.91% | -7.55% | -7.00% | -6.34% | 7.61% | 9.85% | 7.37% | +1,437 bps | |
| Loan Growth (YoY) | 5.42% | -11.47% | -9.02% | -9.98% | -6.62% | 9.28% | 18.49% | 18.17% | +2,815 bps | |
| Deposit Growth (YoY) | -0.11% | -0.31% | -0.09% | -5.37% | -6.15% | -0.71% | 2.36% | 7.49% | +1,286 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% | 0.05% | 0.07% | 0.05% | 0.06% | 0.02% | 0.15% | 0.10% | +6 bps | |
| Allowance / Loans | 0.50% | 0.53% | 0.47% | 0.47% | 0.45% | 0.43% | 0.37% | 0.47% | 0 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 | 17.22% | 16.55% | 17.38% | 17.02% | 15.41% | 13.21% | 12.99% | 12.10% | -492 bps | |
| Equity / Assets | 10.63% | 10.76% | 11.04% | 10.82% | 10.76% | 9.21% | 9.00% | 7.90% | -292 bps | |
| Liquidity & Funding | ||||||||||
| Loans / Deposits | 81.15% | 70.58% | 77.48% | 81.45% | 80.75% | 77.69% | 89.70% | 89.54% | +809 bps | |
| Liquid Assets / Assets | 6.11% | 6.72% | 6.19% | 5.98% | 6.09% | 3.65% | 0.79% | 0.73% | -525 bps | |
| CRE / Total Capital | n/a | n/a | n/a | n/a | n/a | n/a | n/a | n/a | n/a | n/a |