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Beverly Co-operative Bank

Beverly, MA · Cert 26601

FDIC · 7 branches

Q3 2019

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: Q3 2019, the quarter ended September 30, 2019, 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 2026-10-11

Beverly Co-operative Bank

Beverly, MA · Cert 26601

FDIC · 7 branches

Q3 2019

$502.2MAssets
$443.0MLoans
$434.4MDeposits
$43.5MEquity
Loan mix
92%RE $366.6M8%C&I $30.2M0%Consumer $0.2MQ3 2018Q3 2019
Deposit mix
79%Interest-bearing $342.9M21%Noninterest $91.5MQ3 2018Q3 2019

NIM

3.81%Q3 ’173.89%Q3 ’184.11%Q3 ’19-5%-2%

Non-interest income vs. expense

2.63%Q3 ’172.46%Q3 ’182.84%Q3 ’19-5%+17%

Market Position · Boston-Cambridge-Newton, MA-NH · 2019 SOD (annual) · 0.1% share · #56 of 119 inst. · $0.4B of $357.4B

Executive Summary

  • Earnings: ROA of 0.37%, down 33 bps year over year; NIM at 3.00%.
  • Asset quality: problem loans at 0.23% of loans (-10 bps YoY), with net charge-offs at 0.01%.
  • Capital: tier 1 leverage ratio of 8.53%, down 15 bps from a year ago.
  • Funding: loans stand at 101.97% of deposits as of Q3 2019.

Financial Results

Return on Assets (YTD, annualized)

0.37%-33 bps YoY

Net Interest Margin (YTD, annualized)

3.00%-5 bps YoY

Efficiency Ratio (YTD, annualized)

86.21%+1,238 bps YoY

Tier 1 Leverage Ratio

8.53%-15 bps YoY

Year to date, annualized, through each quarter.

MetricQ3 2018Q4 2018Q1 2019Q2 2019Q3 2019YoY ΔTrend
Earnings
Return on Assets0.70%0.72%0.71%0.53%0.37%-33 bps
Return on Equity8.17%8.39%8.34%6.18%4.30%-387 bps
Net Interest Margin3.05%3.03%3.14%3.11%3.00%-5 bps
Efficiency Ratio73.83%72.50%74.78%80.81%86.21%+1,238 bps
Non-Interest Burden2.18%2.12%2.27%2.46%2.55%+37 bps
Growth
Asset Growth (YoY)6.43%8.89%8.19%6.15%5.44%-99 bps
Loan Growth (YoY)11.06%10.15%11.83%9.53%8.09%-297 bps
Deposit Growth (YoY)0.96%9.38%11.92%7.81%9.27%+831 bps
Asset Quality
Nonperforming Loans / Loans0.33%0.35%0.22%0.22%0.23%-10 bps
Net Charge-Offs / Loans0.00%0.00%0.00%0.00%0.01%+1 bps
Allowance / Loans1.02%1.02%0.99%0.99%0.99%-3 bps
Allowance Coverage of NPLs3.1x2.9x4.5x4.5x4.3x+1.2x
Capital
Tier 1 Leverage Ratio8.68%8.68%8.69%8.59%8.53%-15 bps
Total Risk-Based Capital12.73%12.70%12.42%12.34%12.45%-28 bps
Equity / Assets8.51%8.53%8.56%8.53%8.65%+14 bps
Liquidity & Funding
Loans / Deposits103.08%100.66%101.74%102.18%101.97%-111 bps
Liquid Assets / Assets0.64%0.49%0.59%0.52%0.88%+24 bps
CRE / Total Capitaln/an/an/an/an/an/an/a