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Wellesley Co-operative Bank

Wellesley, MA · Cert 26605

FDIC · 6 branches

Q1 2020

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 2020, the quarter ended March 31, 2020, 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

Wellesley Co-operative Bank

Wellesley, MA · Cert 26605

FDIC · 6 branches

Q1 2020

$948.3MAssets
$865.9MLoans
$735.9MDeposits
$81.7MEquity
Loan mix
87%RE $674.5M13%C&I $104.8M0%Consumer $0.1MQ1 2019Q1 2020
Deposit mix
79%Interest-bearing $582.9M21%Noninterest $153.0MQ1 2019Q1 2020

NIM

3.91%Q1 ’184.25%Q1 ’194.35%Q1 ’20-3%+8%

Non-interest income vs. expense

2.14%Q1 ’182.18%Q1 ’192.14%Q1 ’20+1%-7%

Market Position · Boston-Cambridge-Newton, MA-NH · 2019 SOD (annual) · 0.2% share · #38 of 119 inst. · $0.7B of $357.4B

1.9% Norfolk
0.0% Suffolk
0.1% Middlesex

Executive Summary

  • Earnings: ROA of 0.87%, up 16 bps year over year; NIM at 3.20%.
  • Asset quality: problem loans at 0.19% of loans (+4 bps YoY), with net charge-offs at 0.00%.
  • Capital: tier 1 leverage ratio of 8.60%, up 23 bps from a year ago.
  • Funding: loans stand at 117.66% of deposits as of Q1 2020.

Financial Results

Return on Assets (YTD, annualized)

0.87%+16 bps YoY

Net Interest Margin (YTD, annualized)

3.20%+23 bps YoY

Efficiency Ratio (YTD, annualized)

59.71%-696 bps YoY

Tier 1 Leverage Ratio

8.60%+23 bps YoY

Year to date, annualized, through each quarter.

MetricQ1 2019Q2 2019Q3 2019Q4 2019Q1 2020YoY ΔTrend
Earnings
Return on Assets0.72%0.75%0.83%0.80%0.87%+16 bps
Return on Equity8.72%9.20%10.15%9.75%10.21%+149 bps
Net Interest Margin2.97%2.89%2.80%2.91%3.20%+23 bps
Efficiency Ratio66.67%66.05%63.70%63.80%59.71%-696 bps
Non-Interest Burden1.88%1.79%1.66%1.74%1.75%-12 bps
Growth
Asset Growth (YoY)10.95%14.80%17.14%8.12%4.28%-666 bps
Loan Growth (YoY)14.56%16.71%15.38%13.67%10.21%-435 bps
Deposit Growth (YoY)16.78%13.57%13.18%4.85%-2.03%-1,882 bps
Asset Quality
Nonperforming Loans / Loans0.14%0.13%0.19%0.19%0.19%+4 bps
Net Charge-Offs / Loans0.00%0.00%0.00%0.00%0.00%0 bps
Allowance / Loans0.89%0.86%0.86%0.91%0.95%+6 bps
Allowance Coverage of NPLs6.2x6.4x4.5x4.8x5.1x-1.1x
Capital
Tier 1 Leverage Ratio8.37%8.14%8.01%8.36%8.60%+23 bps
Total Risk-Based Capital11.61%11.21%11.51%11.61%11.61%-1 bps
Equity / Assets8.17%8.04%8.05%8.51%8.61%+44 bps
Liquidity & Funding
Loans / Deposits104.59%113.65%110.54%112.24%117.66%+1,307 bps
Liquid Assets / Assets3.28%2.72%7.64%3.67%3.33%+5 bps
CRE / Total Capitaln/an/an/an/an/an/an/a