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Butler Bank, A Co-operative Bank

Lowell, MA · Cert 26619

FDIC

Q1 2010

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 2010, the quarter ended March 31, 2010, 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 2026-10-10

Butler Bank, A Co-operative Bank

Lowell, MA · Cert 26619

FDIC

Q1 2010

$245.5MAssets
$179.3MLoans
$227.4MDeposits
$-271KEquity
Loan mix
97%RE $149.6M3%C&I $3.9M0%Consumer $0.0MQ1 2009Q1 2010
Deposit mix
88%Interest-bearing $199.7M12%Noninterest $27.7MQ1 2009Q1 2010

NIM

6.34%Q1 ’084.28%Q1 ’094.12%Q1 ’10-52%+62%

Non-interest income vs. expense

2.85%Q1 ’083.33%Q1 ’094.71%Q1 ’10+23%+56%

Executive Summary

  • Earnings: ROA of -9.27%, down 659 bps year over year; NIM at 2.07%.
  • Asset quality: problem loans at 0.00% of loans (0 bps YoY), with net charge-offs at 9.19%.
  • Funding: loans stand at 78.83% of deposits as of Q1 2010.

Financial Results

Return on Assets (YTD, annualized)

-9.27%-659 bps YoY

Net Interest Margin (YTD, annualized)

2.07%+79 bps YoY

Efficiency Ratio (YTD, annualized)

418%+7,754 bps YoY

Tier 1 Leverage Ratio

n/a

Year to date, annualized, through each quarter.

MetricQ1 2009Q2 2009Q3 2009Q4 2009Q1 2010YoY ΔTrend
Earnings
Return on Assets-2.69%-4.54%-3.89%-3.13%-9.27%-659 bps
Return on Equity-64.58%-123.91%-116.55%-100.26%-864%-79,928 bps
Net Interest Margin1.28%1.54%1.70%1.87%2.07%+79 bps
Efficiency Ratio341%411%321%285%418%+7,754 bps
Non-Interest Burden3.63%4.30%4.53%4.60%5.65%+202 bps
Growth
Asset Growth (YoY)28.13%20.07%7.07%-17.33%-22.30%-5,043 bps
Loan Growth (YoY)12.04%1.85%2.75%-22.08%-27.31%-3,935 bps
Deposit Growth (YoY)34.51%28.90%16.29%-11.90%-16.58%-5,109 bps
Asset Quality
Nonperforming Loans / Loans0.00%0.00%0.00%0.00%0.00%0 bps
Net Charge-Offs / Loans0.38%4.11%3.14%2.71%9.19%+881 bps
Allowance / Loans1.76%1.20%1.09%1.02%0.97%-79 bps
Allowance Coverage of NPLsn/an/an/an/an/an/an/a
Capital
Tier 1 Leverage Ration/an/an/an/an/an/an/a
Total Risk-Based Capital5.67%3.86%3.27%3.80%-0.15%-582 bps
Equity / Assets3.86%2.58%2.24%2.16%-0.11%-397 bps
Liquidity & Funding
Loans / Deposits90.47%89.12%90.33%84.97%78.83%-1,164 bps
Liquid Assets / Assets1.11%5.62%2.66%1.12%0.06%-105 bps
CRE / Total Capitaln/an/an/an/an/an/an/a