Middleboro, MA · Cert 26553
FDIC
Q3 2013
Board Package
Performance Trends and Peer Comparison
Quarter: Q3 2013, the quarter ended September 30, 2013, 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.
Middleboro, MA · Cert 26553
FDIC
Q3 2013
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 | Q4 2011 | Q1 2012 | Q2 2012 | Q3 2012 | Q4 2012 | Q1 2013 | Q2 2013 | Q3 2013 | YoY Δ | Trend |
|---|---|---|---|---|---|---|---|---|---|---|
| Earnings | ||||||||||
| Return on Assets | 0.53% | 0.54% | 0.58% | 0.59% | 0.60% | 0.46% | 0.31% | 0.20% | -39 bps | |
| Return on Equity | 6.10% | 6.18% | 6.65% | 6.68% | 6.83% | 5.28% | 3.51% | 2.22% | -446 bps | |
| Net Interest Margin | 3.41% | 3.38% | 3.34% | 3.36% | 3.30% | 3.02% | 3.04% | 3.06% | -30 bps | |
| Efficiency Ratio | 80.06% | 77.18% | 76.91% | 76.95% | 76.95% | 82.33% | 86.58% | 90.96% | +1,402 bps | |
| Non-Interest Burden | 2.69% | 2.55% | 2.50% | 2.51% | 2.47% | 2.44% | 2.61% | 2.80% | +29 bps | |
| Growth | ||||||||||
| Asset Growth (YoY) | 2.38% | 3.07% | 2.04% | 1.52% | 2.92% | 3.90% | -1.22% | -2.91% | -443 bps | |
| Loan Growth (YoY) | -2.75% | 7.04% | 9.39% | 10.29% | 14.89% | 3.67% | 0.36% | -3.09% | -1,339 bps | |
| Deposit Growth (YoY) | 3.19% | 3.98% | 2.64% | 1.95% | 3.40% | 4.03% | -1.32% | -3.08% | -502 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 | 0.25% | 0.09% | 0.04% | 0.08% | 0.06% | -0.01% | -0.01% | -0.01% | -9 bps | |
| Allowance / Loans | 0.94% | 0.90% | 0.91% | 0.89% | 0.84% | 0.86% | 0.89% | 0.93% | +4 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 | 17.28% | 16.98% | 17.25% | 17.75% | 17.58% | 17.69% | 18.43% | 19.00% | +125 bps | |
| Equity / Assets | 8.70% | 8.67% | 8.76% | 8.91% | 8.84% | 8.64% | 8.81% | 9.01% | +10 bps | |
| Liquidity & Funding | ||||||||||
| Loans / Deposits | 55.97% | 59.59% | 59.26% | 59.38% | 62.19% | 59.38% | 60.27% | 59.37% | -1 bps | |
| Liquid Assets / Assets | 22.82% | 20.57% | 20.70% | 22.07% | 20.04% | 20.89% | 20.06% | 20.91% | -116 bps | |
| CRE / Total Capital | n/a | n/a | n/a | n/a | n/a | n/a | n/a | n/a | n/a | n/a |