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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 $0.8MQ4 2010Q3 2012
Deposit mix
86%Interest-bearing $306.6M14%Noninterest $48.9MQ4 2010Q3 2012

Executive Summary

  • Earnings: ROA of 0.11%, down 16 bps year over year; NIM at 2.86%.
  • Asset quality: problem loans at 0.00% of loans (0 bps YoY), with net charge-offs at 0.15%.
  • Funding: loans stand at 134.57% of deposits as of Q3 2012.

Return on Assets (YTD, annualized)

0.11%1-16 bps YoY

Net Interest Margin (YTD, annualized)

2.86%-40 bps YoY

Efficiency Ratio (YTD, annualized)

93.81%+530 bps YoY

Tier 1 Leverage Ratio

n/a
n/a

NIM

5.22%Q3 ’104.55%Q3 ’114.01%Q3 ’12-8%-12%

Non-interest income vs. expense

2.83%Q3 ’103.16%Q3 ’113.04%Q3 ’12+16%-7%

Year to date, annualized, through each quarter.

MetricQ4 2010Q1 2011Q2 2011Q3 2011Q4 2011Q1 2012Q2 2012Q3 2012YoY ΔTrend
Earnings
Return on Assets0.48%0.30%10.27%10.27%10.29%0.17%-0.11%0.11%1-16 bps
Return on Equity5.08%2.87%2.60%2.58%2.84%1.76%-1.20%1.16%-142 bps
Net Interest Margin3.49%3.25%3.31%3.26%3.22%3.04%2.92%2.86%-40 bps
Efficiency Ratio73.76%91.61%90.68%88.52%85.88%90.94%100.06%93.81%+530 bps
Non-Interest Burden2.48%2.96%2.97%2.85%2.72%2.73%2.92%2.66%-19 bps
Growth
Asset Growth (YoY)-8.25%-10.16%-5.66%-2.46%1.71%7.38%13.80%7.48%+994 bps
Loan Growth (YoY)-13.85%-14.65%-6.96%0.27%3.84%13.87%17.22%10.51%+1,024 bps
Deposit Growth (YoY)-5.60%-8.92%-4.86%-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%0.00%0.00%0.00%0 bps
Net Charge-Offs / Loans0.05%0.06%0.01%0.18%0.23%0.10%0.16%0.15%-3 bps
Allowance / Loans0.92%0.99%1.06%0.96%0.97%0.95%0.85%0.88%-9 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 Capital16.24%16.72%16.38%15.85%15.28%14.83%14.05%14.73%-112 bps
Equity / Assets10.05%10.71%10.54%10.19%9.67%9.73%8.94%9.31%-88 bps
Liquidity & Funding
Loans / Deposits123.98%126.85%130.79%128.96%125.69%129.13%136.01%134.57%+561 bps
Liquid Assets / Assets9.19%7.57%4.25%4.55%6.20%0.60%0.92%1.86%-268 bps
CRE / Total Capitaln/an/an/an/an/an/an/an/an/an/a