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Ware Co-operative Bank

Ware, MA · Cert 26594

FDIC

Q1 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: Q1 2014, the quarter ended March 31, 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 2026-10-10

Ware Co-operative Bank

Ware, MA · Cert 26594

FDIC

Q1 2014

$51.4MAssets
$30.7MLoans
$37.8MDeposits
$3.6MEquity
Loan mix
97%RE $27.8M2%C&I $0.6M1%Consumer $0.3MQ1 2013Q1 2014
Deposit mix
89%Interest-bearing $33.7M11%Noninterest $4.1MQ1 2013Q1 2014

NIM

3.85%Q1 ’123.57%Q1 ’133.65%Q1 ’14-7%+19%

Non-interest income vs. expense

3.69%Q1 ’123.98%Q1 ’134.81%Q1 ’14+13%+17%

Executive Summary

  • Earnings: ROA of -1.40%, down 89 bps year over year; NIM at 2.77%.
  • Asset quality: problem loans at 0.00% of loans (0 bps YoY), with net recoveries of 0.08%.
  • Funding: loans stand at 81.34% of deposits as of Q1 2014.

Financial Results

Return on Assets (YTD, annualized)

-1.40%-89 bps YoY

Net Interest Margin (YTD, annualized)

2.77%+45 bps YoY

Efficiency Ratio (YTD, annualized)

125.36%-294 bps YoY

Tier 1 Leverage Ratio

n/a

Year to date, annualized, through each quarter.

MetricQ1 2013Q2 2013Q3 2013Q4 2013Q1 2014YoY ΔTrend
Earnings
Return on Assets-0.51%-0.42%-0.56%-2.28%-1.40%-89 bps
Return on Equity-5.30%-4.42%-5.88%-25.41%-20.12%-1,482 bps
Net Interest Margin2.32%2.47%2.48%2.52%2.77%+45 bps
Efficiency Ratio128.30%128.37%134.03%129.72%125.36%-294 bps
Non-Interest Burden3.20%3.39%3.56%3.49%3.74%+54 bps
Growth
Asset Growth (YoY)-4.81%-7.42%-9.56%-11.51%-5.49%-68 bps
Loan Growth (YoY)-0.61%0.20%0.36%1.28%-2.52%-192 bps
Deposit Growth (YoY)-1.53%-4.57%-6.73%-6.50%-3.30%-177 bps
Asset Quality
Nonperforming Loans / Loans0.00%0.00%0.00%0.00%0.00%0 bps
Net Charge-Offs / Loans0.08%0.04%0.20%0.23%-0.08%-15 bps
Allowance / Loans0.83%0.86%0.77%0.72%0.80%-4 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 Capital15.76%14.25%13.68%13.35%12.91%-285 bps
Equity / Assets9.77%9.47%9.17%6.91%6.97%-280 bps
Liquidity & Funding
Loans / Deposits80.69%83.13%83.82%84.28%81.34%+64 bps
Liquid Assets / Assets0.85%1.22%2.03%1.67%1.49%+64 bps
CRE / Total Capitaln/an/an/an/an/an/an/a