Pilgrim Co-operative Bank

Cohasset, MA · Cert 26590 · Peer group: banks $1B-$10B in assets in the Boston-Cambridge-Newton, MA-NH area (n=29)

FDIC · 10 branches

Q2 2024

$1.3BAssets

$1.1BLoans

$969.8MDeposits

$237.0MEquity

Executive Summary

Strongest standing: equity / assets outperforms 90% of banks $1B-$10B in assets in the Boston-Cambridge-Newton, MA-NH area (rank 3 of 29).
Widest gap: nonperforming loans / loans trails 83% of banks $1B-$10B in assets in the Boston-Cambridge-Newton, MA-NH area (rank 25 of 29).
Overall: at or above the peer median on 6 of 9 directional measures.

Return on Assets

0.81%

Rank 7 of 29

Net Interest Margin

3.07%

Rank 8 of 29

Efficiency Ratio

64.20%

Rank 5 of 29

Equity / Assets

17.59%

Rank 3 of 29

Unfavorable gap of $23.3M · efficiency ratio beats 86% of banks $1B-$10B in assets in the Boston-Cambridge-Newton, MA-NH area

Metric	Your Bank	Peer 25th	Peer Median	Peer 75th	Standing	Rank	8-Qtr Trend
Earnings
Return on Assets	0.81%	0.34%	0.49%	0.67%	Beats 76%	7 / 29	n/a
Return on Equity	4.63%	3.75%	5.07%	5.84%	Beats 38%	18 / 29	n/a
Net Interest Margin	3.07%	2.01%	2.27%	3.07%	Beats 72%	8 / 29	n/a
Efficiency Ratio	64.20%	66.93%	77.14%	87.02%	Beats 86%	5 / 29	n/a
Asset Quality
Nonperforming Loans / Loans	0.89%	0.11%	0.21%	0.53%	Beats 17%	25 / 29	n/a
Net Charge-Offs / Loans	0.01%	0.00%	0.00%	0.02%	Beats 41%	18 / 29	n/a
Capital
Tier 1 Capital Ratio	15.07%	12.64%	13.66%	15.85%	Beats 66%	10 / 29	n/a
Total Risk-Based Capital Ratio	15.66%	13.58%	14.88%	16.94%	Beats 62%	11 / 29	n/a
Equity / Assets	17.59%	9.10%	9.80%	11.67%	Beats 90%	3 / 29	n/a
Liquidity & Funding
Loans / Deposits	111.58%	94.85%	104.75%	108.73%	79th pctl	6 / 29	n/a
Loans / Assets	80.32%	78.61%	80.41%	84.31%	45th pctl	16 / 29	n/a
Brokered Deposits / Deposits	n/a	Not reported for this institution