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Adams Co-operative Bank

Adams, MA · Cert 26568

FDIC

Q4 2011

$193.4MAssets
$153.4MLoans
$148.3MDeposits
$18.9MEquity
Loan mix
89%RE $128.9M4%C&I $6.5M7%Consumer $9.9MQ4 2010Q4 2011
Deposit mix
95%Interest-bearing $140.4M5%Noninterest $7.9MQ4 2010Q4 2011

NIM

5.09%Q4 ’094.71%Q4 ’104.38%Q4 ’11+5%-3%

Non-interest income vs. expense

2.80%Q4 ’093.09%Q4 ’103.00%Q4 ’11+23%-4%

Executive Summary

  • Earnings: ROA of 0.12%, up 13 bps year over year; NIM at 3.09%.
  • Asset quality: problem loans at 0.00% of loans (0 bps YoY), with net charge-offs at 0.76%.
  • Funding: loans stand at 103.43% of deposits as of Q4 2011.

Financial Results

Return on Assets (quarter, annualized)

0.12%+13 bps YoY

Net Interest Margin (quarter, annualized)

3.09%-9 bps YoY

Efficiency Ratio (quarter, annualized)

89.69%-119 bps YoY

Tier 1 Leverage Ratio

n/a

Discrete quarter, annualized.

MetricQ4 2010Q1 2011Q2 2011Q3 2011Q4 2011YoY ΔTrend
Earnings
Return on Assets-0.01%0.11%0.30%0.16%0.12%+13 bps
Return on Equity-0.07%1.18%3.21%1.71%1.23%+129 bps
Net Interest Margin3.18%3.20%3.07%2.99%3.09%-9 bps
Efficiency Ratio90.88%90.14%83.10%85.65%89.69%-119 bps
Non-Interest Burden2.87%2.85%2.49%2.50%2.75%-12 bps
Growth
Asset Growth (YoY)-2.51%-3.94%-1.07%0.91%0.77%+328 bps
Loan Growth (YoY)-1.34%-1.88%-0.46%1.05%0.15%+148 bps
Deposit Growth (YoY)-2.73%-3.31%-2.44%0.63%2.17%+491 bps
Asset Quality
Nonperforming Loans / Loans0.00%0.00%0.00%0.00%0.00%0 bps
Net Charge-Offs / Loans0.68%1.14%0.12%0.19%0.76%+8 bps
Allowance / Loans1.24%1.04%1.07%1.12%1.02%-23 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 Capital16.07%16.06%16.07%16.17%16.48%+41 bps
Equity / Assets9.52%9.36%9.47%9.61%9.79%+27 bps
Liquidity & Funding
Loans / Deposits105.52%102.63%103.47%103.10%103.43%-209 bps
Liquid Assets / Assets0.00%0.05%0.04%0.08%0.06%+6 bps
CRE / Total Capitaln/an/an/an/an/an/an/a