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Medford Co-operative Bank

Medford, MA · Cert 26572

FDIC

Q4 2004

$435.2MAssets
$347.0MLoans
$327.3MDeposits
$36.9MEquity
Deposit mix
91%Interest-bearing $296.8M9%Noninterest $30.5MQ1 2003Q4 2004

Executive Summary

  • Earnings: ROA of 0.58%, up 7 bps year over year; NIM at 3.31%.
  • Asset quality: problem loans at 0.00% of loans (0 bps YoY), with net charge-offs at 0.12%.
  • Funding: loans stand at 106.02% of deposits as of Q4 2004.

Return on Assets (YTD, annualized)

0.58%+7 bps YoY

Net Interest Margin (YTD, annualized)

3.31%+43 bps YoY

Efficiency Ratio (YTD, annualized)

74.96%-71 bps YoY

Tier 1 Leverage Ratio

n/a
n/a

NIM

5.31%Q4 ’024.94%Q4 ’034.95%Q4 ’04+8%+15%

Non-interest income vs. expense

2.25%Q4 ’022.54%Q4 ’032.67%Q4 ’04+11%+17%

Year to date, annualized, through each quarter.

MetricQ1 2003Q2 2003Q3 2003Q4 2003Q1 2004Q2 2004Q3 2004Q4 2004YoY ΔTrend
Earnings
Return on Assets0.59%0.57%0.56%0.51%0.66%0.74%0.68%0.58%+7 bps
Return on Equity7.52%7.08%6.87%6.25%7.85%8.88%8.14%6.89%+64 bps
Net Interest Margin2.85%2.84%2.84%2.88%3.29%3.34%3.27%3.31%+43 bps
Efficiency Ratio71.48%73.90%73.60%75.66%72.85%70.05%70.52%74.96%-71 bps
Non-Interest Burden1.88%1.94%1.95%2.06%2.32%2.25%2.23%2.41%+35 bps
Growth
Asset Growth (YoY)27.89%21.52%16.97%8.82%2.38%2.40%0.05%0.68%-814 bps
Loan Growth (YoY)10.83%14.27%12.76%11.87%15.29%11.35%14.69%18.24%+638 bps
Deposit Growth (YoY)32.64%28.43%20.62%9.63%5.97%2.30%-2.18%-5.30%-1,493 bps
Asset Quality
Nonperforming Loans / Loans0.00%0.00%0.00%0.00%0.00%0.00%0.00%0.00%0 bps
Net Charge-Offs / Loans0.00%0.00%0.00%0.00%0.00%0.26%0.16%0.12%+12 bps
Allowance / Loans0.86%0.83%0.83%0.94%0.94%0.81%0.81%0.80%-14 bps
Allowance Coverage of NPLsn/an/an/an/an/an/an/an/an/an/a
Capital
Tier 1 Leverage Ration/an/an/an/an/an/an/an/an/an/a
Total Risk-Based Capital14.77%15.35%15.37%14.62%15.21%15.13%14.14%14.16%-47 bps
Equity / Assets8.51%8.45%8.22%8.27%8.61%8.12%8.38%8.47%+20 bps
Liquidity & Funding
Loans / Deposits79.40%81.91%83.98%84.91%86.38%89.16%98.46%106.02%+2,111 bps
Liquid Assets / Assets0.17%0.19%1.67%0.93%4.37%3.30%2.69%2.64%+172 bps
CRE / Total Capitaln/an/an/an/an/an/an/an/an/an/a