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Saugusbank A Co-operative Bank

Saugus, MA · Cert 26574

FDIC · 3 branches

Q2 2014

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: Q2 2014, the quarter ended June 30, 2014, 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

Saugusbank A Co-operative Bank

Saugus, MA · Cert 26574

FDIC · 3 branches

Q2 2014

$205.6MAssets
$133.5MLoans
$168.8MDeposits
$18.7MEquity
Loan mix
90%RE $93.1M10%C&I $10.1M1%Consumer $0.6MQ2 2013Q2 2014
Deposit mix
89%Interest-bearing $149.6M11%Noninterest $19.1MQ2 2013Q2 2014

NIM

3.88%Q2 ’123.54%Q2 ’133.43%Q2 ’14-4%+2%

Non-interest income vs. expense

2.42%Q2 ’122.71%Q2 ’132.87%Q2 ’14+12%+12%

Market Position · Boston-Cambridge-Newton, MA-NH · 2014 SOD (annual) · 0.1% share · #88 of 145 inst. · $0.2B of $305.8B

Executive Summary

  • Earnings: ROA of 0.27%, down 8 bps year over year; NIM at 2.80%.
  • Asset quality: problem loans at 0.00% of loans (0 bps YoY), with net recoveries of 0.17%.
  • Funding: loans stand at 79.13% of deposits as of Q2 2014.

Financial Results

Return on Assets (YTD, annualized)

0.27%-8 bps YoY

Net Interest Margin (YTD, annualized)

2.80%+5 bps YoY

Efficiency Ratio (YTD, annualized)

89.88%+668 bps YoY

Tier 1 Leverage Ratio

n/a

Year to date, annualized, through each quarter.

MetricQ2 2013Q3 2013Q4 2013Q1 2014Q2 2014YoY ΔTrend
Earnings
Return on Assets0.36%0.32%0.31%0.21%0.27%-8 bps
Return on Equity4.14%3.77%3.56%2.41%3.05%-110 bps
Net Interest Margin2.75%2.72%2.70%2.77%2.80%+5 bps
Efficiency Ratio83.20%84.43%85.05%94.13%89.88%+668 bps
Non-Interest Burden2.21%2.22%2.23%2.59%2.48%+27 bps
Growth
Asset Growth (YoY)2.65%0.37%-1.07%-0.57%-2.31%-496 bps
Loan Growth (YoY)2.95%3.05%8.03%4.84%6.90%+395 bps
Deposit Growth (YoY)3.82%1.12%0.26%-0.21%-2.44%-626 bps
Asset Quality
Nonperforming Loans / Loans0.00%0.00%0.00%0.00%0.00%0 bps
Net Charge-Offs / Loans0.39%0.53%0.38%0.00%-0.17%-56 bps
Allowance / Loans1.41%1.24%1.21%1.19%1.26%-15 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 Capital14.35%14.36%14.09%14.16%14.34%-1 bps
Equity / Assets8.60%8.78%8.91%8.90%9.08%+49 bps
Liquidity & Funding
Loans / Deposits72.22%73.05%76.08%77.11%79.13%+691 bps
Liquid Assets / Assets30.40%29.97%26.03%27.17%26.07%-433 bps
CRE / Total Capitaln/an/an/an/an/an/an/a