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Martha's Vineyard Co-operative Bank of Tisbury

Vineyard Haven, MA · Cert 26603

FDIC

Q3 2007

$166.8MAssets
$150.6MLoans
$128.8MDeposits
$12.8MEquity
Loan mix
99%RE $140.8M1%C&I $1.9M0%Consumer $0.0MQ4 2005Q3 2007
Deposit mix
85%Interest-bearing $110.1M15%Noninterest $18.7MQ4 2005Q3 2007

Executive Summary

  • Earnings: ROA of 0.57%, down 11 bps year over year; NIM at 3.31%.
  • Asset quality: problem loans at 0.00% of loans (0 bps YoY), with net charge-offs at 0.03%.
  • Funding: loans stand at 116.98% of deposits as of Q3 2007.

Return on Assets (YTD, annualized)

0.57%-11 bps YoY

Net Interest Margin (YTD, annualized)

3.31%-15 bps YoY

Efficiency Ratio (YTD, annualized)

73.24%+74 bps YoY

Tier 1 Leverage Ratio

n/a
n/a

NIM

5.22%Q3 ’055.60%Q3 ’065.87%Q3 ’07-9%-4%

Non-interest income vs. expense

3.00%Q3 ’052.82%Q3 ’062.72%Q3 ’07-8%-3%

Year to date, annualized, through each quarter.

MetricQ4 2005Q1 2006Q2 2006Q3 2006Q4 2006Q1 2007Q2 2007Q3 2007YoY ΔTrend
Earnings
Return on Assets0.73%0.84%0.64%0.68%0.68%0.62%0.46%0.57%-11 bps
Return on Equity9.48%11.02%8.53%9.10%9.01%8.05%6.04%7.46%-164 bps
Net Interest Margin3.77%3.70%3.48%3.46%3.45%3.36%3.31%3.31%-15 bps
Efficiency Ratio70.61%65.94%75.28%72.51%72.01%72.54%77.68%73.24%+74 bps
Non-Interest Burden2.54%2.31%2.52%2.39%2.36%2.32%2.48%2.32%-7 bps
Growth
Asset Growth (YoY)11.79%14.82%15.96%8.92%9.50%5.43%1.72%7.42%-150 bps
Loan Growth (YoY)13.02%15.10%13.89%11.02%9.44%5.67%3.83%6.59%-443 bps
Deposit Growth (YoY)17.09%17.96%9.85%4.96%1.32%0.15%1.86%1.28%-367 bps
Asset Quality
Nonperforming Loans / Loans0.00%0.00%0.00%0.00%0.00%0.00%0.00%0.00%0 bps
Net Charge-Offs / Loans0.00%0.00%0.01%0.01%0.00%0.00%0.04%0.03%+2 bps
Allowance / Loans0.41%0.40%0.40%0.42%0.42%0.43%0.42%0.42%+1 bps
Allowance Coverage of NPLsn/an/an/an/an/an/an/an/an/an/a
Capital
Tier 1 Leverage Ration/an/an/an/an/an/an/an/an/an/a
Total Risk-Based Capital12.55%12.04%11.82%12.49%12.56%12.65%12.42%12.61%+12 bps
Equity / Assets7.68%7.49%7.22%7.63%7.67%7.72%7.68%7.67%+5 bps
Liquidity & Funding
Loans / Deposits112.04%114.79%118.01%111.15%121.01%121.12%120.29%116.98%+583 bps
Liquid Assets / Assets2.29%2.08%1.87%1.82%1.70%1.59%1.47%1.33%-49 bps
CRE / Total Capitaln/an/an/an/an/an/an/an/an/an/a