Cohasset, MA · Cert 26590
FDIC · 10 branches
Q2 2024
Market Position · Boston-Cambridge-Newton, MA-NH · 2024 SOD (annual) · 0.2% share · #37 of 108 inst. · $1.0B of $496.2B
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 | Q3 2022 | Q4 2022 | Q1 2023 | Q2 2023 | Q3 2023 | Q4 2023 | Q1 2024 | Q2 2024 | YoY Δ | Trend |
|---|---|---|---|---|---|---|---|---|---|---|
| Earnings | ||||||||||
| Return on Assets | 0.58% | 0.92% | 1.00% | 0.98% | 0.94% | 0.91% | 0.73% | 0.80% | -18 bps | |
| Return on Equity | 3.65% | 5.74% | 6.15% | 5.97% | 5.74% | 5.51% | 4.35% | 4.68% | -129 bps | |
| Net Interest Margin | 3.32% | 2.05% | 3.46% | 3.50% | 3.39% | 3.29% | 2.99% | 3.07% | -43 bps | |
| Efficiency Ratio | 67.48% | 58.12% | 50.75% | 53.01% | 53.27% | 53.77% | 59.98% | 58.78% | +577 bps | |
| Non-Interest Burden | 2.20% | 1.13% | 1.66% | 1.77% | 1.72% | 1.69% | 1.71% | 1.71% | -6 bps | |
| Growth | ||||||||||
| Asset Growth (YoY) | 1.60% | 125.44% | 125.29% | 126.57% | 126.48% | 2.74% | 1.39% | -0.33% | -12,690 bps | |
| Loan Growth (YoY) | 24.83% | 169.43% | 166.29% | 139.88% | 131.63% | 0.27% | -2.15% | -1.22% | -14,110 bps | |
| Deposit Growth (YoY) | -1.61% | 118.36% | 106.02% | 99.43% | 106.87% | -5.46% | -0.59% | 2.22% | -9,721 bps | |
| Asset Quality | ||||||||||
| Nonperforming Loans / Loans | 0.20% | 0.31% | 0.33% | 0.42% | 0.47% | 0.72% | 0.89% | 0.89% | +47 bps | |
| Net Charge-Offs / Loans | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.01% | +1 bps | |
| Allowance / Loans | 0.94% | 0.42% | 0.46% | 0.50% | 0.43% | 0.49% | 0.51% | 0.51% | 0 bps | |
| Allowance Coverage of NPLs | 4.8x | 1.3x | 1.4x | 1.2x | 0.9x | 0.7x | 0.6x | 0.6x | -0.6x | |
| Capital | ||||||||||
| Tier 1 Leverage Ratio | 13.26% | 9.33% | 9.71% | 9.93% | 10.37% | 10.39% | 10.62% | 11.02% | +109 bps | |
| Total Risk-Based Capital | 17.28% | 12.76% | 13.65% | 13.34% | 13.72% | 14.54% | 14.53% | 15.66% | +232 bps | |
| Equity / Assets | 15.69% | 16.16% | 16.26% | 16.67% | 16.62% | 16.66% | 16.86% | 17.59% | +92 bps | |
| Liquidity & Funding | ||||||||||
| Loans / Deposits | 101.22% | 104.10% | 109.94% | 115.46% | 113.33% | 110.42% | 108.21% | 111.58% | -389 bps | |
| Liquid Assets / Assets | 4.30% | 0.69% | 0.71% | 0.54% | 1.75% | 3.28% | 4.35% | 1.62% | +108 bps | |
| CRE / Total Capital | n/a | n/a | n/a | n/a | n/a | n/a | n/a | n/a | n/a | n/a |