Merrimac, MA · Cert 26583
FDIC
Q4 2011
Board Package
Performance Trends and Peer Comparison
Quarter: Q4 2011, the quarter ended December 31, 2011, on both parts.
Income statement: year to date as filed, annualized, on both parts.
Balance sheet: as filed at quarter end.
No peer standings are published for this institution and quarter.
Peer groups below the disclosure floor are suppressed.
Merrimac, MA · Cert 26583
FDIC
Q4 2011
Return on Assets (YTD, annualized)
Net Interest Margin (YTD, annualized)
Efficiency Ratio (YTD, annualized)
Tier 1 Leverage Ratio
Year to date, annualized, through each quarter.
| Metric | Q4 2010 | Q1 2011 | Q2 2011 | Q3 2011 | Q4 2011 | YoY Δ | Trend |
|---|---|---|---|---|---|---|---|
| Earnings | |||||||
| Return on Assets | 0.14% | 0.17% | 0.13% | 0.10% | -0.20% | -34 bps | |
| Return on Equity | 1.38% | 1.61% | 1.29% | 1.02% | -1.97% | -335 bps | |
| Net Interest Margin | 3.35% | 3.51% | 3.26% | 3.21% | 3.28% | -7 bps | |
| Efficiency Ratio | 87.49% | 91.44% | 92.64% | 94.09% | 98.96% | +1,148 bps | |
| Non-Interest Burden | 2.91% | 3.20% | 3.01% | 3.01% | 3.25% | +33 bps | |
| Growth | |||||||
| Asset Growth (YoY) | -1.29% | 1.58% | -4.39% | 4.82% | 6.88% | +817 bps | |
| Loan Growth (YoY) | -2.28% | -2.82% | -4.02% | -4.88% | -5.82% | -354 bps | |
| Deposit Growth (YoY) | -1.53% | 1.67% | -4.97% | 5.28% | 7.77% | +929 bps | |
| Asset Quality | |||||||
| Nonperforming Loans / Loans | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0 bps | |
| Net Charge-Offs / Loans | 0.44% | 0.00% | 0.00% | 0.00% | 0.00% | -44 bps | |
| Allowance / Loans | 0.46% | 0.48% | 0.51% | 0.54% | 0.55% | +9 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 | 21.03% | 20.74% | 21.27% | 21.18% | 23.07% | +204 bps | |
| Equity / Assets | 10.56% | 10.00% | 10.33% | 9.75% | 9.82% | -74 bps | |
| Liquidity & Funding | |||||||
| Loans / Deposits | 89.49% | 83.52% | 84.57% | 78.03% | 78.21% | -1,128 bps | |
| Liquid Assets / Assets | 7.70% | 13.62% | 12.68% | 16.86% | 24.47% | +1,678 bps | |
| CRE / Total Capital | n/a | n/a | n/a | n/a | n/a | n/a | n/a |