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Bank of Fall River, A Co-operative Bank

Fall River, MA · Cert 26551

FDIC

Q4 2010

$163.9MAssets
$104.2MLoans
$143.0MDeposits
$13.1MEquity
Loan mix
95%RE $89.3M5%C&I $4.5M0%Consumer $0.0MQ4 2009Q4 2010
Deposit mix
90%Interest-bearing $128.0M10%Noninterest $15.0MQ4 2009Q4 2010

NIM

5.71%Q4 ’085.15%Q4 ’094.34%Q4 ’10-10%-13%

Non-interest income vs. expense

3.78%Q4 ’083.27%Q4 ’094.53%Q4 ’10-13%+37%

Executive Summary

  • Earnings: ROA of -0.48%, down 98 bps year over year; NIM at 3.14%.
  • Asset quality: problem loans at 0.00% of loans (0 bps YoY), with net recoveries of 0.08%.
  • Funding: loans stand at 72.85% of deposits as of Q4 2010.

Financial Results

Return on Assets (quarter, annualized)

-0.48%-98 bps YoY

Net Interest Margin (quarter, annualized)

3.14%-47 bps YoY

Efficiency Ratio (quarter, annualized)

123.59%+4,105 bps YoY

Tier 1 Leverage Ratio

n/a

Discrete quarter, annualized.

MetricQ4 2009Q1 2010Q2 2010Q3 2010Q4 2010YoY ΔTrend
Earnings
Return on Assets0.50%0.33%0.42%0.24%-0.48%-98 bps
Return on Equity5.95%4.12%5.26%2.92%-6.02%-1,197 bps
Net Interest Margin3.61%3.71%3.49%3.32%3.14%-47 bps
Efficiency Ratio82.54%85.01%83.94%88.54%123.59%+4,105 bps
Non-Interest Burden2.92%3.11%2.88%2.91%4.00%+108 bps
Growth
Asset Growth (YoY)10.21%15.89%11.64%5.22%5.37%-485 bps
Loan Growth (YoY)11.50%9.69%8.07%3.17%0.02%-1,148 bps
Deposit Growth (YoY)14.19%17.80%13.20%5.91%7.45%-673 bps
Asset Quality
Nonperforming Loans / Loans0.00%0.00%0.00%0.00%0.00%0 bps
Net Charge-Offs / Loans0.10%-0.05%0.23%0.07%-0.08%-18 bps
Allowance / Loans1.83%1.83%1.74%1.71%1.79%-4 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 Capital14.11%14.57%14.73%15.02%15.43%+131 bps
Equity / Assets8.08%7.88%8.06%8.14%7.97%-11 bps
Liquidity & Funding
Loans / Deposits78.26%74.24%75.44%75.27%72.85%-542 bps
Liquid Assets / Assets2.01%7.79%9.19%12.13%10.58%+857 bps
CRE / Total Capitaln/an/an/an/an/an/an/a