Chelsea-Provident Co-operative Bank

Chelsea, MA · Cert 26548

FDIC · 1 branch

Q4 2014

$56.5MAssets

$40.5MLoans

$50.1MDeposits

$5.4MEquity

Loan mix

Deposit mix

NIM

Market Position · Boston-Cambridge-Newton, MA-NH · 2014 SOD (annual) · 0.0% share · #119 of 145 inst. · $0.1B of $305.8B

Earnings: ROA of -1.70%, down 190 bps year over year; NIM at 2.67%.
Asset quality: problem loans at 0.00% of loans (0 bps YoY), with net charge-offs at 0.00%.
Funding: loans stand at 81.00% of deposits as of Q4 2014.

Return on Assets (quarter, annualized)

-1.70%-190 bps YoY

Net Interest Margin (quarter, annualized)

2.67%-11 bps YoY

Efficiency Ratio (quarter, annualized)

182.45%+8,959 bps YoY

Tier 1 Leverage Ratio

n/a

Discrete quarter, annualized.

Metric	Q4 2013	Q1 2014	Q2 2014	Q3 2014	Q4 2014	YoY Δ	Trend
Earnings
Return on Assets	0.20%	-0.07%	0.18%	0.37%	-1.70%	-190 bps
Return on Equity	2.09%	-0.72%	1.87%	3.85%	-17.71%	-1,980 bps
Net Interest Margin	2.78%	2.76%	2.95%	3.28%	2.67%	-11 bps
Efficiency Ratio	92.86%	104.62%	95.42%	87.23%	182.45%	+8,959 bps
Non-Interest Burden	2.50%	2.93%	2.77%	2.70%	5.65%	+316 bps
Growth
Asset Growth (YoY)	-1.67%	1.82%	6.84%	1.71%	0.61%	+228 bps
Loan Growth (YoY)	1.98%	0.41%	2.56%	8.36%	12.71%	+1,072 bps
Deposit Growth (YoY)	-2.10%	1.81%	7.56%	1.53%	0.11%	+222 bps
Asset Quality
Nonperforming Loans / Loans	0.00%	0.00%	0.00%	0.00%	0.00%	0 bps
Net Charge-Offs / Loans	0.00%	0.00%	0.00%	0.00%	0.00%	0 bps
Allowance / Loans	1.04%	1.02%	1.00%	0.96%	0.92%	-12 bps
Allowance Coverage of NPLs	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
Total Risk-Based Capital	19.44%	19.06%	18.76%	19.09%	17.77%	-167 bps
Equity / Assets	9.90%	9.88%	9.62%	9.61%	9.53%	-37 bps
Liquidity & Funding
Loans / Deposits	71.95%	73.67%	72.52%	74.99%	81.00%	+905 bps
Liquid Assets / Assets	14.37%	14.37%	15.22%	22.84%	18.83%	+446 bps
CRE / Total Capital	n/a	n/a	n/a	n/a	n/a	n/a	n/a