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Brookline Co-operative Bank

Brookline, MA · Cert 26537

FDIC

Q2 2007

$61.2MAssets
$49.2MLoans
$48.1MDeposits
$8.4MEquity
Loan mix
99%RE $41.5M0%C&I $0.2M0%Consumer $0.1MQ2 2006Q2 2007
Deposit mix
91%Interest-bearing $43.5M9%Noninterest $4.6MQ2 2006Q2 2007

NIM

5.28%Q2 ’055.75%Q2 ’065.98%Q2 ’07+3%-7%

Non-interest income vs. expense

2.91%Q2 ’053.30%Q2 ’063.75%Q2 ’07+13%+13%

Executive Summary

  • Earnings: ROA of 0.33%, down 32 bps year over year; NIM at 3.89%.
  • Asset quality: problem loans at 0.00% of loans (0 bps YoY), with net charge-offs at 0.00%.
  • Funding: loans stand at 102.27% of deposits as of Q2 2007.

Financial Results

Return on Assets (YTD, annualized)

0.33%-32 bps YoY

Net Interest Margin (YTD, annualized)

3.89%-31 bps YoY

Efficiency Ratio (YTD, annualized)

90.19%+1,577 bps YoY

Tier 1 Leverage Ratio

n/a

Year to date, annualized, through each quarter.

MetricQ2 2006Q3 2006Q4 2006Q1 2007Q2 2007YoY ΔTrend
Earnings
Return on Assets0.65%0.63%0.62%0.39%0.33%-32 bps
Return on Equity4.86%4.73%4.62%2.87%2.40%-246 bps
Net Interest Margin4.20%4.10%4.06%3.90%3.89%-31 bps
Efficiency Ratio74.42%74.69%75.03%86.20%90.19%+1,577 bps
Non-Interest Burden3.07%3.01%2.99%3.34%3.48%+41 bps
Growth
Asset Growth (YoY)-4.09%1.40%-0.23%3.43%0.71%+480 bps
Loan Growth (YoY)6.17%8.06%6.25%1.91%-4.20%-1,036 bps
Deposit Growth (YoY)-7.86%-5.34%-5.21%-0.93%-1.86%+600 bps
Asset Quality
Nonperforming Loans / Loans0.00%0.00%0.00%0.00%0.00%0 bps
Net Charge-Offs / Loans-0.03%-0.02%-0.01%0.00%0.00%+4 bps
Allowance / Loans0.77%0.71%0.73%0.74%0.75%-3 bps
Allowance Coverage of NPLsn/an/an/an/an/an/an/a
Capital
Tier 1 Leverage Ration/an/an/an/an/an/an/a
Total Risk-Based Capital23.68%23.78%24.17%24.66%25.42%+174 bps
Equity / Assets13.43%13.17%13.65%13.78%13.80%+37 bps
Liquidity & Funding
Loans / Deposits104.76%106.33%108.15%106.50%102.27%-249 bps
Liquid Assets / Assets4.24%3.44%1.92%1.92%0.13%-410 bps
CRE / Total Capitaln/an/an/an/an/an/an/a