South Boston, MA · Cert 26552
FDIC
Q4 2009
Board Package
Performance Trends and Peer Comparison
Quarter: Q4 2009, the quarter ended December 31, 2009, 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.
South Boston, MA · Cert 26552
FDIC
Q4 2009
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 2008 | Q2 2008 | Q3 2008 | Q4 2008 | Q1 2009 | Q2 2009 | Q3 2009 | Q4 2009 | YoY Δ | Trend |
|---|---|---|---|---|---|---|---|---|---|---|
| Earnings | ||||||||||
| Return on Assets | 0.35% | -0.02% | -0.79% | -0.76% | 0.11%1 | -0.28% | -0.29% | -0.48% | +28 bps | |
| Return on Equity | 4.98% | -0.36% | -12.08% | -11.81% | 1.90% | -4.66% | -4.72% | -7.74% | +407 bps | |
| Net Interest Margin | 2.92% | 3.13% | 3.09% | 3.11% | 2.97% | 3.04% | 3.10% | 3.15% | +4 bps | |
| Efficiency Ratio | 84.89% | 97.84% | 94.33% | 91.92% | 90.73% | 100.97% | 98.58% | 104.39% | +1,247 bps | |
| Non-Interest Burden | 2.37% | 3.04% | 2.87% | 2.81% | 2.65% | 3.07% | 3.04% | 3.32% | +51 bps | |
| Growth | ||||||||||
| Asset Growth (YoY) | 6.13% | 12.79% | 9.33% | 4.74% | -0.91% | -10.67% | -10.53% | -8.06% | -1,280 bps | |
| Loan Growth (YoY) | 7.46% | 19.15% | 19.51% | 13.58% | 8.68% | -6.08% | -8.41% | -6.97% | -2,056 bps | |
| Deposit Growth (YoY) | 3.86% | 11.33% | 17.39% | 6.09% | 6.45% | 0.30% | -1.21% | 3.77% | -232 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 | 0.07% | 0.07% | 0.07% | 0.89% | 0.32% | 0.31% | 0.35% | 0.32% | -57 bps | |
| Allowance / Loans | 0.82% | 0.81% | 1.47% | 0.86% | 0.93% | 1.09% | 1.18% | 1.23% | +37 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 | 11.50% | 11.31% | 10.92% | 9.85% | 6.04% | 6.26% | 6.28% | 6.16% | -370 bps | |
| Equity / Assets | 6.98% | 6.63% | 5.78% | 5.81% | 6.12% | 6.40% | 6.54% | 6.37% | +56 bps | |
| Liquidity & Funding | ||||||||||
| Loans / Deposits | 99.78% | 104.33% | 101.24% | 103.94% | 101.87% | 97.70% | 93.86% | 93.18% | -1,077 bps | |
| Liquid Assets / Assets | 6.38% | 6.11% | 5.89% | 5.68% | 6.43% | 6.14% | 6.81% | 6.81% | +113 bps | |
| CRE / Total Capital | n/a | n/a | n/a | n/a | n/a | n/a | n/a | n/a | n/a | n/a |