PackageTrendsPeer
Letter portraitLegal landscape

Colonial Co-operative Bank

Gardner, MA · Cert 26556

FDIC · 2 branches

Q1 2018

Board Package

Performance Trends and Peer Comparison

Part 1Performance Trends, own institution only2
Part 2Peer Comparison, not published for this institution and quartern/a

Basis

Quarter: Q1 2018, the quarter ended March 31, 2018, on both parts.

Income statement: year to date as filed, annualized, on both parts.

Balance sheet: as filed at quarter end.

Peer group

No peer standings are published for this institution and quarter.

Peer groups below the disclosure floor are suppressed.

Source: FFIEC Call Report (031/041/051), as filed. Dollar figures derived from reported amounts in thousands. Ratios computed by CallReports.ai using published regulatory formulas.

CallReports · callreports.ai · Board PackageGenerated 2026-10-11

Colonial Co-operative Bank

Gardner, MA · Cert 26556

FDIC · 2 branches

Q1 2018

$65.4MAssets
$55.5MLoans
$60.7MDeposits
$4.0MEquity
Loan mix
99%RE $54.7M0%C&I $0.1M1%Consumer $0.5MQ1 2017Q1 2018
Deposit mix
88%Interest-bearing $53.3M12%Noninterest $7.4MQ1 2017Q1 2018

NIM

3.99%Q1 ’163.97%Q1 ’174.04%Q1 ’18-1%+4%

Non-interest income vs. expense

3.91%Q1 ’163.92%Q1 ’1710.84%Q1 ’18+1%+218%

Market Position · Worcester, MA-CT · 2017 SOD (annual) · 0.4% share · #33 of 39 inst. · $0.1B of $17.8B

Executive Summary

  • Earnings: ROA of -7.83%, down 799 bps year over year; NIM at 3.64%.
  • Asset quality: problem loans at 2.51% of loans (-94 bps YoY), with net charge-offs at 5.01%.
  • Capital: tier 1 leverage ratio of 4.85%, down 180 bps from a year ago.
  • Funding: loans stand at 91.39% of deposits as of Q1 2018.

Financial Results

Return on Assets (YTD, annualized)

-7.83%-799 bps YoY

Net Interest Margin (YTD, annualized)

3.64%+13 bps YoY

Efficiency Ratio (YTD, annualized)

251%+15,789 bps YoY

Tier 1 Leverage Ratio

4.85%-180 bps YoY

Year to date, annualized, through each quarter.

MetricQ1 2017Q2 2017Q3 2017Q4 2017Q1 2018YoY ΔTrend
Earnings
Return on Assets0.15%0.08%0.06%-0.44%-7.83%-799 bps
Return on Equity1.93%1.04%0.71%-5.42%-111.82%-11,375 bps
Net Interest Margin3.52%3.55%3.56%3.56%3.64%+13 bps
Efficiency Ratio93.24%95.41%96.40%90.56%251%+15,789 bps
Non-Interest Burden3.18%3.31%3.35%3.07%10.12%+694 bps
Growth
Asset Growth (YoY)-2.05%-4.04%-9.05%-3.93%-6.68%-463 bps
Loan Growth (YoY)-1.61%-4.70%-6.24%-5.18%-6.99%-538 bps
Deposit Growth (YoY)-2.27%-4.40%-9.87%-3.70%-5.01%-274 bps
Asset Quality
Nonperforming Loans / Loans3.44%2.86%2.94%3.88%2.51%-94 bps
Net Charge-Offs / Loans0.39%0.47%0.33%0.24%5.01%+462 bps
Allowance / Loans0.70%0.58%0.60%0.61%0.39%-31 bps
Allowance Coverage of NPLs0.2x0.2x0.2x0.2x0.2x0.0x
Capital
Tier 1 Leverage Ratio6.65%6.79%6.87%6.66%4.85%-180 bps
Total Risk-Based Capital13.36%13.68%13.90%13.73%9.94%-342 bps
Equity / Assets8.00%8.12%8.47%7.90%6.09%-191 bps
Liquidity & Funding
Loans / Deposits93.34%93.17%95.00%93.26%91.39%-195 bps
Liquid Assets / Assets8.98%8.40%6.68%9.20%9.62%+64 bps
CRE / Total Capitaln/an/an/an/an/an/an/a