Gloucester Bank & Trust Company

Gloucester, MA · Cert 26884

FDIC

Q4 2001

$164.8MAssets

$96.3MLoans

$103.4MDeposits

$43.2MEquity

Loan mix

Deposit mix

Executive Summary

Earnings: ROA of -2.00%, down 234 bps year over year; NIM at -8.85%.
Asset quality: problem loans at 0.00% of loans (0 bps YoY), with net recoveries of 0.51%.
Funding: loans stand at 93.11% of deposits as of Q4 2001.

Return on Assets (quarter, annualized)

-2.00%-234 bps YoY

Net Interest Margin (quarter, annualized)

-8.85%

Efficiency Ratio (quarter, annualized)

73.37%

Tier 1 Leverage Ratio

n/a

Discrete quarter, annualized.

Metric	Q1 2000	Q2 2000	Q3 2000	Q4 2000	Q1 2001	Q2 2001	Q3 2001	Q4 2001	YoY Δ	Trend
Earnings
Return on Assets	0.82%	0.35%	0.37%	0.34%	0.42%	0.80%	0.85%	-2.00%	-234 bps
Return on Equity	n/a	n/a	n/a	n/a	n/a	5.95%	6.32%	-9.78%	n/a
Net Interest Margin	n/a	n/a	n/a	n/a	3.94%	3.91%	4.00%	-8.85%	n/a
Efficiency Ratio	n/a	n/a	n/a	n/a	75.09%	63.35%	58.88%	73.37%	n/a
Non-Interest Burden	n/a	n/a	n/a	n/a	2.93%	2.33%	2.20%	-5.45%	n/a
Growth
Asset Growth (YoY)	5.30%	7.02%	0.15%	5.45%	8.82%	11.29%	12.74%	19.36%	+1,391 bps
Loan Growth (YoY)	20.74%	12.55%	5.95%	4.25%	12.69%	10.01%	4.35%	3.97%	-28 bps
Deposit Growth (YoY)	9.68%	11.51%	8.83%	5.83%	7.35%	5.31%	-0.63%	-5.32%	-1,115 bps
Asset Quality
Nonperforming Loans / Loans	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0 bps
Net Charge-Offs / Loans	n/a	n/a	n/a	n/a	-0.13%	0.13%	0.38%	-0.51%	n/a
Allowance / Loans	n/a	n/a	n/a	n/a	1.96%	1.94%	2.03%	2.12%	n/a
Allowance Coverage of NPLs	n/a	n/a	n/a	n/a	n/a	n/a	n/a	n/a	n/a	n/a
Capital
Tier 1 Leverage Ratio	n/a	n/a	n/a	n/a	n/a	n/a	n/a	n/a	n/a	n/a
Total Risk-Based Capital	n/a	n/a	n/a	n/a	12.08%	12.51%	13.24%	19.10%	n/a
Equity / Assets	n/a	n/a	n/a	n/a	13.83%	13.09%	13.87%	26.20%	n/a
Liquidity & Funding
Loans / Deposits	85.52%	83.74%	84.14%	84.79%	89.78%	87.48%	88.36%	93.11%	+832 bps
Liquid Assets / Assets	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0 bps
CRE / Total Capital	n/a	n/a	n/a	n/a	n/a	n/a	n/a	n/a	n/a	n/a