Ware, MA · Cert 26594
FDIC
Q1 2014
Board Package
Performance Trends and Peer Comparison
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.
No peer standings are published for this institution and quarter.
Peer groups below the disclosure floor are suppressed.
Ware, MA · Cert 26594
FDIC
Q1 2014
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 | Q2 2012 | Q3 2012 | Q4 2012 | Q1 2013 | Q2 2013 | Q3 2013 | Q4 2013 | Q1 2014 | YoY Δ | Trend |
|---|---|---|---|---|---|---|---|---|---|---|
| Earnings | ||||||||||
| Return on Assets | -0.17% | -0.13% | -0.07% | -0.51% | -0.42% | -0.56% | -2.28% | -1.40% | -89 bps | |
| Return on Equity | -1.86% | -1.36% | -0.72% | -5.30% | -4.42% | -5.88% | -25.41% | -20.12% | -1,482 bps | |
| Net Interest Margin | 2.50% | 2.49% | 2.46% | 2.32% | 2.47% | 2.48% | 2.52% | 2.77% | +45 bps | |
| Efficiency Ratio | 111.47% | 109.18% | 107.74% | 128.30% | 128.37% | 134.03% | 129.72% | 125.36% | -294 bps | |
| Non-Interest Burden | 2.88% | 2.80% | 2.72% | 3.20% | 3.39% | 3.56% | 3.49% | 3.74% | +54 bps | |
| Growth | ||||||||||
| Asset Growth (YoY) | 0.68% | 1.76% | 0.15% | -4.81% | -7.42% | -9.56% | -11.51% | -5.49% | -68 bps | |
| Loan Growth (YoY) | -3.31% | -1.43% | -5.09% | -0.61% | 0.20% | 0.36% | 1.28% | -2.52% | -192 bps | |
| Deposit Growth (YoY) | 0.92% | 2.36% | 0.34% | -1.53% | -4.57% | -6.73% | -6.50% | -3.30% | -177 bps | |
| Asset Quality | ||||||||||
| Nonperforming Loans / Loans | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0 bps | |
| Net Charge-Offs / Loans | -0.01% | 0.00% | 0.01% | 0.08% | 0.04% | 0.20% | 0.23% | -0.08% | -15 bps | |
| Allowance / Loans | 0.83% | 0.85% | 0.85% | 0.83% | 0.86% | 0.77% | 0.72% | 0.80% | -4 bps | |
| Allowance Coverage of NPLs | n/a | n/a | n/a | 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 | n/a | n/a | n/a |
| Total Risk-Based Capital | 15.97% | 16.17% | 16.12% | 15.76% | 14.25% | 13.68% | 13.35% | 12.91% | -285 bps | |
| Equity / Assets | 9.40% | 9.45% | 9.44% | 9.77% | 9.47% | 9.17% | 6.91% | 6.97% | -280 bps | |
| Liquidity & Funding | ||||||||||
| Loans / Deposits | 79.17% | 77.90% | 77.80% | 80.69% | 83.13% | 83.82% | 84.28% | 81.34% | +64 bps | |
| Liquid Assets / Assets | 4.00% | 3.91% | 4.79% | 0.85% | 1.22% | 2.03% | 1.67% | 1.49% | +64 bps | |
| CRE / Total Capital | n/a | n/a | n/a | n/a | n/a | n/a | n/a | n/a | n/a | n/a |