Salem, MA · Cert 26514
FDIC
Q4 2005
Board Package
Performance Trends and Peer Comparison
Quarter: Q4 2005, the quarter ended December 31, 2005, 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.
Salem, MA · Cert 26514
FDIC
Q4 2005
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 | Q1 2004 | Q2 2004 | Q3 2004 | Q4 2004 | Q1 2005 | Q2 2005 | Q3 2005 | Q4 2005 | YoY Δ | Trend |
|---|---|---|---|---|---|---|---|---|---|---|
| Earnings | ||||||||||
| Return on Assets | 0.86% | 0.87% | 0.85% | 0.83% | 0.82% | 0.90% | 0.86% | -0.16% | -99 bps | |
| Return on Equity | 8.22% | 8.41% | 8.14% | 7.89% | 7.84% | 8.56% | 8.16% | -1.54% | -942 bps | |
| Net Interest Margin | 3.22% | 3.15% | 3.19% | 3.23% | 3.49% | 3.46% | 3.37% | 3.28% | +5 bps | |
| Efficiency Ratio | 63.17% | 61.68% | 63.19% | 64.31% | 66.89% | 63.46% | 65.94% | 95.71% | +3,141 bps | |
| Non-Interest Burden | 1.76% | 1.73% | 1.84% | 1.92% | 2.22% | 2.06% | 2.10% | 3.13% | +120 bps | |
| Growth | ||||||||||
| Asset Growth (YoY) | 7.76% | 9.10% | 5.42% | 4.59% | 4.58% | 5.35% | 8.26% | 7.62% | +303 bps | |
| Loan Growth (YoY) | 12.94% | 8.76% | 2.56% | 5.75% | 13.36% | 13.62% | 15.71% | 14.56% | +881 bps | |
| Deposit Growth (YoY) | 6.87% | 8.96% | 4.65% | 4.61% | 4.73% | 5.07% | 5.65% | 3.48% | -113 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 | -0.03% | -0.01% | 0.00% | 0.00% | 0.00% | 0.00% | 0.01% | 0.01% | +1 bps | |
| Allowance / Loans | 1.12% | 1.08% | 1.06% | 1.02% | 0.99% | 0.98% | 0.94% | 0.92% | -10 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 | 15.59% | 17.12% | 18.61% | 17.92% | 18.17% | 18.20% | 17.83% | 16.32% | -160 bps | |
| Equity / Assets | 10.48% | 10.26% | 10.69% | 10.59% | 10.42% | 10.53% | 10.48% | 9.82% | -77 bps | |
| Liquidity & Funding | ||||||||||
| Loans / Deposits | 70.95% | 72.41% | 75.20% | 76.12% | 76.80% | 78.30% | 82.37% | 84.27% | +815 bps | |
| Liquid Assets / Assets | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0 bps | |
| CRE / Total Capital | n/a | n/a | n/a | n/a | n/a | n/a | n/a | n/a | n/a | n/a |