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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

5.32%Q2 ’055.84%Q2 ’065.92%Q2 ’07+3%-9%

Non-interest income vs. expense

2.97%Q2 ’053.27%Q2 ’063.92%Q2 ’07+8%+19%

Executive Summary

  • Earnings: ROA of 0.27%, down 41 bps year over year; NIM at 3.83%.
  • Asset quality: problem loans at 0.00% of loans (0 bps YoY), with net charge-offs at 0.01%.
  • Funding: loans stand at 102.27% of deposits as of Q2 2007.

Financial Results

Return on Assets (quarter, annualized)

0.27%-41 bps YoY

Net Interest Margin (quarter, annualized)

3.83%-36 bps YoY

Efficiency Ratio (quarter, annualized)

94.17%+2,051 bps YoY

Tier 1 Leverage Ratio

n/a

Discrete quarter, annualized.

MetricQ2 2006Q3 2006Q4 2006Q1 2007Q2 2007YoY ΔTrend
Earnings
Return on Assets0.67%0.60%0.57%0.39%0.27%-41 bps
Return on Equity4.98%4.48%4.29%2.87%1.95%-303 bps
Net Interest Margin4.19%4.06%3.94%3.90%3.83%-36 bps
Efficiency Ratio73.65%75.23%76.09%86.20%94.17%+2,051 bps
Non-Interest Burden3.02%3.01%2.93%3.34%3.59%+56 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-0.01%0.02%0.01%0.00%0.01%+2 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