North Andover, MA · Cert 27119
FDIC · 3 branches
Q3 2022
Board Package
Performance Trends and Peer Comparison
Quarter: Q3 2022, the quarter ended September 30, 2022, on both parts.
Income statement: year to date as filed, annualized, on both parts.
Balance sheet: as filed at quarter end.
No peer standings are published for this institution and quarter.
Peer groups below the disclosure floor are suppressed.
North Andover, MA · Cert 27119
FDIC · 3 branches
Q3 2022
Market Position · Boston-Cambridge-Newton, MA-NH · 2022 SOD (annual) · 0.1% share · #62 of 111 inst. · $0.4B of $511.3B
Return on Assets (YTD, annualized)
Net Interest Margin (YTD, annualized)
Efficiency Ratio (YTD, annualized)
Tier 1 Leverage Ratio
Year to date, annualized, through each quarter.
| Metric | Q4 2020 | Q1 2021 | Q2 2021 | Q3 2021 | Q4 2021 | Q1 2022 | Q2 2022 | Q3 2022 | YoY Δ | Trend |
|---|---|---|---|---|---|---|---|---|---|---|
| Earnings | ||||||||||
| Return on Assets | 0.82% | 0.76% | 0.68% | 0.70% | 0.78% | 0.76% | 0.88% | 0.03% | -67 bps | |
| Return on Equity | 6.78% | 6.59% | 5.95% | 6.07% | 6.79% | 6.35% | 7.24% | 0.22% | -585 bps | |
| Net Interest Margin | 2.97% | 3.06% | 2.91% | 2.87% | 2.90% | 3.05% | 3.18% | 3.32% | +45 bps | |
| Efficiency Ratio | 65.59% | 67.66% | 69.80% | 69.02% | 64.84% | 66.24% | 64.68% | 98.66% | +2,963 bps | |
| Non-Interest Burden | 1.85% | 1.97% | 1.96% | 1.91% | 1.81% | 1.96% | 1.91% | 3.27% | +136 bps | |
| Growth | ||||||||||
| Asset Growth (YoY) | 20.30% | 19.00% | 6.81% | 9.87% | 4.80% | 0.32% | -6.53% | -5.96% | -1,583 bps | |
| Loan Growth (YoY) | 3.24% | 4.24% | -6.48% | -0.58% | -0.40% | -2.65% | 1.58% | -0.82% | -24 bps | |
| Deposit Growth (YoY) | 21.31% | 24.02% | 13.41% | 12.32% | 5.88% | 0.98% | -7.09% | -5.02% | -1,734 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 | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0 bps | |
| Allowance / Loans | 1.27% | 1.26% | 1.31% | 1.27% | 1.30% | 1.32% | 1.30% | 1.25% | -3 bps | |
| 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 | 11.57% | 11.78% | 11.55% | 11.41% | 11.69% | 12.13% | 12.68% | 12.33% | +92 bps | |
| Total Risk-Based Capital | 11.57% | 11.78% | 11.55% | 11.41% | 11.69% | 12.13% | 12.68% | 12.33% | +92 bps | |
| Equity / Assets | 11.66% | 11.55% | 11.28% | 11.41% | 11.81% | 12.12% | 12.76% | 12.24% | +83 bps | |
| Liquidity & Funding | ||||||||||
| Loans / Deposits | 86.66% | 85.46% | 79.36% | 81.26% | 81.52% | 82.38% | 86.77% | 84.85% | +359 bps | |
| Liquid Assets / Assets | 23.30% | 24.54% | 29.24% | 27.84% | 27.48% | 26.85% | 22.90% | 23.66% | -418 bps | |
| CRE / Total Capital | n/a | n/a | n/a | n/a | n/a | n/a | n/a | n/a | n/a | n/a |