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Meetinghouse Co-operative Bank

Dorchester, MA · Cert 26715

FDIC · 2 branches

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

Meetinghouse Co-operative Bank

Dorchester, MA · Cert 26715

FDIC · 2 branches

Q3 2017

$114.1MAssets
$77.4MLoans
$95.2MDeposits
$9.8MEquity
Loan mix
95%RE $66.9M4%C&I $2.6M1%Consumer $0.7MQ3 2016Q3 2017
Deposit mix
71%Interest-bearing $68.0M29%Noninterest $27.2MQ3 2016Q3 2017

NIM

3.52%Q3 ’153.48%Q3 ’163.50%Q3 ’17-4%+2%

Non-interest income vs. expense

4.01%Q3 ’154.20%Q3 ’164.02%Q3 ’17+4%+23%

Market Position · Boston-Cambridge-Newton, MA-NH · 2017 SOD (annual) · 0.0% share · #97 of 131 inst. · $0.1B of $302.7B

Executive Summary

  • Earnings: ROA of -0.05%, down 31 bps year over year; NIM at 2.73%.
  • Asset quality: problem loans at 0.71% of loans (+71 bps YoY), with net charge-offs at 0.01%.
  • Capital: tier 1 leverage ratio of 8.50%, up 57 bps from a year ago.
  • Funding: loans stand at 81.33% of deposits as of Q3 2017.

Financial Results

Return on Assets (YTD, annualized)

-0.05%-31 bps YoY

Net Interest Margin (YTD, annualized)

2.73%+4 bps YoY

Efficiency Ratio (YTD, annualized)

102.83%+1,099 bps YoY

Tier 1 Leverage Ratio

8.50%+57 bps YoY

Year to date, annualized, through each quarter.

MetricQ3 2016Q4 2016Q1 2017Q2 2017Q3 2017YoY ΔTrend
Earnings
Return on Assets0.26%0.16%-0.05%-0.05%-0.05%-31 bps
Return on Equity3.30%2.01%-0.58%-0.58%-0.62%-392 bps
Net Interest Margin2.69%2.69%2.61%2.63%2.73%+4 bps
Efficiency Ratio91.84%94.26%103.42%102.55%102.83%+1,099 bps
Non-Interest Burden2.32%2.43%2.74%2.73%2.84%+53 bps
Growth
Asset Growth (YoY)-0.03%-2.07%-4.86%-3.42%-4.82%-479 bps
Loan Growth (YoY)-2.80%-10.33%-11.19%-6.96%-13.98%-1,118 bps
Deposit Growth (YoY)0.13%-2.14%-5.17%-3.20%-4.84%-497 bps
Asset Quality
Nonperforming Loans / Loans0.00%0.00%0.52%0.49%0.71%+71 bps
Net Charge-Offs / Loans0.01%0.01%0.00%0.01%0.01%-1 bps
Allowance / Loans0.57%0.60%0.61%0.61%0.63%+6 bps
Allowance Coverage of NPLsn/an/a1.2x1.3x0.9xn/a
Capital
Tier 1 Leverage Ratio7.93%8.10%8.24%8.24%8.50%+57 bps
Total Risk-Based Capital14.41%15.66%16.65%16.16%16.97%+256 bps
Equity / Assets8.22%7.98%8.16%8.33%8.55%+32 bps
Liquidity & Funding
Loans / Deposits89.97%82.86%80.62%81.96%81.33%-864 bps
Liquid Assets / Assets9.11%14.80%15.93%14.32%14.87%+577 bps
CRE / Total Capitaln/an/an/an/an/an/an/a