Saugusbank A Co-operative Bank

Saugus, MA · Cert 26574

FDIC · 3 branches

Q2 2014

$205.6MAssets

$133.5MLoans

$168.8MDeposits

$18.7MEquity

Loan mix

Deposit mix

NIM

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

Earnings: ROA of 0.33%, down 3 bps year over year; NIM at 2.82%.
Asset quality: problem loans at 0.00% of loans (0 bps YoY), with net recoveries of 0.34%.
Funding: loans stand at 79.13% of deposits as of Q2 2014.

Return on Assets (quarter, annualized)

0.33%-3 bps YoY

Net Interest Margin (quarter, annualized)

2.82%+8 bps YoY

Efficiency Ratio (quarter, annualized)

85.74%+206 bps YoY

Tier 1 Leverage Ratio

n/a

Discrete quarter, annualized.

Metric	Q2 2013	Q3 2013	Q4 2013	Q1 2014	Q2 2014	YoY Δ	Trend
Earnings
Return on Assets	0.36%	0.26%	0.26%	0.21%	0.33%	-3 bps
Return on Equity	4.21%	3.02%	2.97%	2.41%	3.68%	-53 bps
Net Interest Margin	2.74%	2.64%	2.64%	2.77%	2.82%	+8 bps
Efficiency Ratio	83.68%	87.01%	87.01%	94.13%	85.74%	+206 bps
Non-Interest Burden	2.21%	2.24%	2.24%	2.59%	2.36%	+15 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 / Loans	0.00%	0.00%	0.00%	0.00%	0.00%	0 bps
Net Charge-Offs / Loans	0.00%	0.80%	0.00%	0.00%	-0.34%	-34 bps
Allowance / Loans	1.41%	1.24%	1.21%	1.19%	1.26%	-15 bps
Allowance Coverage of NPLs	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
Total Risk-Based Capital	14.35%	14.36%	14.09%	14.16%	14.34%	-1 bps
Equity / Assets	8.60%	8.78%	8.91%	8.90%	9.08%	+49 bps
Liquidity & Funding
Loans / Deposits	72.22%	73.05%	76.08%	77.11%	79.13%	+691 bps
Liquid Assets / Assets	30.40%	29.97%	26.03%	27.17%	26.07%	-433 bps
CRE / Total Capital	n/a	n/a	n/a	n/a	n/a	n/a	n/a