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Avon Co-operative Bank

Avon, MA · Cert 26617

FDIC · 1 branch

Q3 2017

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 2017, the quarter ended September 30, 2017, 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

Avon Co-operative Bank

Avon, MA · Cert 26617

FDIC · 1 branch

Q3 2017

$85.7MAssets
$63.6MLoans
$74.3MDeposits
$9.3MEquity
Loan mix
99%RE $62.1M0%C&I $0.1M0%Consumer $0.3MQ3 2016Q3 2017
Deposit mix
95%Interest-bearing $70.4M5%Noninterest $3.9MQ3 2016Q3 2017

NIM

3.10%Q3 ’153.25%Q3 ’163.13%Q3 ’170%-3%

Non-interest income vs. expense

2.25%Q3 ’152.46%Q3 ’162.58%Q3 ’17+11%+3%

Market Position · Boston-Cambridge-Newton, MA-NH · 2017 SOD (annual) · 0.0% share · #104 of 131 inst. · $0.1B of $302.7B

Executive Summary

  • Earnings: ROA of 0.02%, down 19 bps year over year; NIM at 2.27%.
  • Asset quality: problem loans at 0.00% of loans (0 bps YoY), with net charge-offs at 0.00%.
  • Capital: tier 1 leverage ratio of 10.81%, up 41 bps from a year ago.
  • Funding: loans stand at 85.60% of deposits as of Q3 2017.

Financial Results

Return on Assets (YTD, annualized)

0.02%-19 bps YoY

Net Interest Margin (YTD, annualized)

2.27%-8 bps YoY

Efficiency Ratio (YTD, annualized)

105.11%+596 bps YoY

Tier 1 Leverage Ratio

10.81%+41 bps YoY

Year to date, annualized, through each quarter.

MetricQ3 2016Q4 2016Q1 2017Q2 2017Q3 2017YoY ΔTrend
Earnings
Return on Assets0.21%0.24%0.12%0.05%0.02%-19 bps
Return on Equity2.05%2.38%1.18%0.48%0.20%-185 bps
Net Interest Margin2.35%2.38%2.22%2.22%2.27%-8 bps
Efficiency Ratio99.15%97.30%98.47%102.56%105.11%+596 bps
Non-Interest Burden2.33%2.31%2.19%2.29%2.40%+7 bps
Growth
Asset Growth (YoY)-3.40%-6.93%-2.56%-3.45%-4.34%-94 bps
Loan Growth (YoY)-7.77%-11.24%-8.05%-7.02%-6.44%+133 bps
Deposit Growth (YoY)-1.15%-2.83%-2.78%-2.39%-4.07%-292 bps
Asset Quality
Nonperforming Loans / Loans0.00%0.00%0.00%0.00%0.00%0 bps
Net Charge-Offs / Loans0.00%0.00%0.00%0.00%0.00%0 bps
Allowance / Loans0.35%0.35%0.36%0.36%0.37%+2 bps
Allowance Coverage of NPLsn/an/an/an/an/an/an/a
Capital
Tier 1 Leverage Ratio10.40%10.47%10.54%10.55%10.81%+41 bps
Total Risk-Based Capital21.80%22.37%21.28%21.71%22.08%+28 bps
Equity / Assets10.45%10.37%10.15%10.64%10.86%+41 bps
Liquidity & Funding
Loans / Deposits87.77%87.88%85.47%85.91%85.60%-217 bps
Liquid Assets / Assets0.00%0.00%0.00%0.00%0.00%0 bps
CRE / Total Capitaln/an/an/an/an/an/an/a