PackageTrendsPeer
Letter portraitLegal landscapeQuarterYTD

Roxbury-Highland Co-operative Bank

Jamaica Plain, MA · Cert 26662

FDIC

Q1 2008

$25.1MAssets
$12.9MLoans
$21.3MDeposits
$2.8MEquity
Deposit mix
99%Interest-bearing $21.1M1%Noninterest $0.2MQ1 2007Q1 2008

NIM

5.37%Q1 ’065.60%Q1 ’075.31%Q1 ’08-8%-9%

Non-interest income vs. expense

4.24%Q1 ’064.34%Q1 ’074.85%Q1 ’08+2%+13%

Executive Summary

  • Earnings: ROA of -1.20%, down 85 bps year over year; NIM at 3.37%.
  • Asset quality: problem loans at 0.00% of loans (0 bps YoY), with net charge-offs at 0.00%.
  • Funding: loans stand at 60.42% of deposits as of Q1 2008.

Financial Results

Return on Assets (YTD, annualized)

-1.20%-85 bps YoY

Net Interest Margin (YTD, annualized)

3.37%-34 bps YoY

Efficiency Ratio (YTD, annualized)

133.63%+2,472 bps YoY

Tier 1 Leverage Ratio

n/a

Year to date, annualized, through each quarter.

MetricQ1 2007Q2 2007Q3 2007Q4 2007Q1 2008YoY ΔTrend
Earnings
Return on Assets-0.35%-0.32%-0.25%-0.29%-1.20%-85 bps
Return on Equity-3.05%-2.79%-2.19%-2.55%-10.75%-770 bps
Net Interest Margin3.71%3.82%3.72%3.75%3.37%-34 bps
Efficiency Ratio108.91%107.98%106.18%108.76%133.63%+2,472 bps
Non-Interest Burden4.07%4.15%3.96%4.10%4.59%+52 bps
Growth
Asset Growth (YoY)-3.85%-0.24%-1.08%2.40%-0.37%+348 bps
Loan Growth (YoY)-8.03%-3.71%-9.26%-9.11%-13.71%-568 bps
Deposit Growth (YoY)-3.59%0.46%-0.54%3.01%0.05%+364 bps
Asset Quality
Nonperforming Loans / Loans0.00%0.00%0.00%0.00%0.00%0 bps
Net Charge-Offs / Loans0.00%0.00%0.06%0.04%0.00%0 bps
Allowance / Loans1.13%1.14%1.17%1.43%1.51%+38 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 Capital24.76%24.31%25.90%26.05%26.61%+186 bps
Equity / Assets11.38%11.10%11.19%11.21%11.10%-28 bps
Liquidity & Funding
Loans / Deposits70.05%67.80%64.09%62.99%60.42%-964 bps
Liquid Assets / Assets32.97%30.83%34.12%36.63%32.17%-80 bps
CRE / Total Capitaln/an/an/an/an/an/an/a