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Gloucester Bank & Trust Company

Gloucester, MA · Cert 26884

FDIC

Q4 2001

$164.8MAssets
$96.3MLoans
$103.4MDeposits
$43.2MEquity
Loan mix
85%RE $39.8M15%C&I $7.2M0%Consumer $0.1MQ4 2000Q4 2001
Deposit mix
77%Interest-bearing $79.2M23%Noninterest $24.3MQ4 2000Q4 2001

NIM

6.99%Q1 ’016.51%Q3 ’010.58%Q4 ’01-2%-91%

Non-interest income vs. expense

3.04%Q1 ’012.70%Q3 ’010.29%Q4 ’01-18%-90%

Executive Summary

  • Earnings: ROA of -0.02%, down 36 bps year over year; NIM at 0.35%.
  • Asset quality: problem loans at 0.00% of loans (0 bps YoY), with net recoveries of 0.04%.
  • Funding: loans stand at 93.11% of deposits as of Q4 2001.

Financial Results

Return on Assets (YTD, annualized)

-0.02%-36 bps YoY

Net Interest Margin (YTD, annualized)

0.35%

Efficiency Ratio (YTD, annualized)

73.37%

Tier 1 Leverage Ratio

n/a

Year to date, annualized, through each quarter.

MetricQ4 2000Q1 2001Q2 2001Q3 2001Q4 2001YoY ΔTrend
Earnings
Return on Assets0.34%0.42%0.61%0.70%-0.02%-36 bps
Return on Equityn/an/an/an/an/an/an/a
Net Interest Marginn/a3.94%3.82%3.84%0.35%n/a
Efficiency Ration/a75.09%68.89%65.36%73.37%n/a
Non-Interest Burdenn/a2.93%2.55%2.41%0.24%n/a
Growth
Asset Growth (YoY)5.45%8.82%11.29%12.74%19.36%+1,391 bps
Loan Growth (YoY)4.25%12.69%10.01%4.35%3.97%-28 bps
Deposit Growth (YoY)5.83%7.35%5.31%-0.63%-5.32%-1,115 bps
Asset Quality
Nonperforming Loans / Loans0.00%0.00%0.00%0.00%0.00%0 bps
Net Charge-Offs / Loansn/a-0.13%0.00%0.12%-0.04%n/a
Allowance / Loansn/a1.96%1.94%2.03%2.12%n/a
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 Capitaln/a12.08%12.51%13.24%19.10%n/a
Equity / Assetsn/a13.83%13.09%13.87%26.20%n/a
Liquidity & Funding
Loans / Deposits84.79%89.78%87.48%88.36%93.11%+832 bps
Liquid Assets / Assets0.00%0.00%0.00%0.00%0.00%0 bps
CRE / Total Capitaln/an/an/an/an/an/an/a