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Central Co-operative Bank

Somerville, MA · Cert 26646

FDIC

Q3 2012

$551.0MAssets
$478.3MLoans
$355.4MDeposits
$51.3MEquity
Loan mix
100%RE $404.0M0%C&I $1.0M0%Consumer $0.8MQ3 2011Q3 2012
Deposit mix
86%Interest-bearing $306.6M14%Noninterest $48.9MQ3 2011Q3 2012

NIM

5.05%Q3 ’104.68%Q3 ’114.10%Q3 ’12-3%-12%

Non-interest income vs. expense

2.90%Q3 ’103.13%Q3 ’112.87%Q3 ’12+11%-16%

Executive Summary

  • Earnings: ROA of 0.53%, up 27 bps year over year; NIM at 2.97%.
  • Asset quality: problem loans at 0.00% of loans (0 bps YoY), with net charge-offs at 0.14%.
  • Funding: loans stand at 134.57% of deposits as of Q3 2012.

Financial Results

Return on Assets (quarter, annualized)

0.53%+27 bps YoY

Net Interest Margin (quarter, annualized)

2.97%-41 bps YoY

Efficiency Ratio (quarter, annualized)

82.60%-183 bps YoY

Tier 1 Leverage Ratio

n/a

Discrete quarter, annualized.

MetricQ3 2011Q4 2011Q1 2012Q2 2012Q3 2012YoY ΔTrend
Earnings
Return on Assets0.26%0.36%0.17%-0.39%0.53%+27 bps
Return on Equity2.52%3.60%1.76%-4.16%5.86%+335 bps
Net Interest Margin3.38%3.25%3.04%2.91%2.97%-41 bps
Efficiency Ratio84.44%78.26%90.94%109.04%82.60%-183 bps
Non-Interest Burden2.80%2.46%2.73%3.21%2.37%-44 bps
Growth
Asset Growth (YoY)-2.46%1.71%7.38%13.80%7.48%+994 bps
Loan Growth (YoY)0.27%3.84%13.87%17.22%10.51%+1,024 bps
Deposit Growth (YoY)-0.77%2.43%11.86%12.72%5.90%+666 bps
Asset Quality
Nonperforming Loans / Loans0.00%0.00%0.00%0.00%0.00%0 bps
Net Charge-Offs / Loans0.50%0.37%0.10%0.22%0.14%-37 bps
Allowance / Loans0.96%0.97%0.95%0.85%0.88%-9 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 Capital15.85%15.28%14.83%14.05%14.73%-112 bps
Equity / Assets10.19%9.67%9.73%8.94%9.31%-88 bps
Liquidity & Funding
Loans / Deposits128.96%125.69%129.13%136.01%134.57%+561 bps
Liquid Assets / Assets4.55%6.20%0.60%0.92%1.86%-268 bps
CRE / Total Capitaln/an/an/an/an/an/an/a