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Flagship Bank and Trust Company

Worcester, MA · Cert 27134

FDIC

Q4 2008

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: Q4 2008, the quarter ended December 31, 2008, 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

Flagship Bank and Trust Company

Worcester, MA · Cert 27134

FDIC

Q4 2008

$531.6MAssets
$357.0MLoans
$380.5MDeposits
n/aEquity
Loan mix
78%RE $211.1M21%C&I $57.4M0%Consumer $0.4MQ4 2007Q4 2008
Deposit mix
82%Interest-bearing $375.6M18%Noninterest $84.9MQ4 2007Q4 2008

NIM

5.74%Q4 ’065.97%Q4 ’07-2%

Non-interest income vs. expense

2.78%Q4 ’063.01%Q4 ’07+9%

Executive Summary

  • Earnings: ROA of 0.99%, up 24 bps year over year.
  • Asset quality: problem loans at 0.00% of loans (0 bps YoY).
  • Funding: loans stand at 93.83% of deposits as of Q4 2008.

Financial Results

Return on Assets (YTD, annualized)

0.99%+24 bps YoY

Net Interest Margin (YTD, annualized)

n/a

Efficiency Ratio (YTD, annualized)

n/a

Tier 1 Leverage Ratio

n/a

Year to date, annualized, through each quarter.

MetricQ4 2007Q1 2008Q2 2008Q3 2008Q4 2008YoY ΔTrend
Earnings
Return on Assets0.75%0.71%0.84%0.86%0.99%+24 bps
Return on Equity9.37%n/an/an/an/an/a
Net Interest Margin3.85%n/an/an/an/an/a
Efficiency Ratio65.35%n/an/an/an/an/a
Non-Interest Burden2.26%n/an/an/an/an/a
Growth
Asset Growth (YoY)-3.15%11.66%7.37%5.10%4.52%+767 bps
Loan Growth (YoY)6.24%6.66%5.03%-3.52%-5.94%-1,218 bps
Deposit Growth (YoY)-3.47%-1.21%-6.64%-8.66%-17.38%-1,391 bps
Asset Quality
Nonperforming Loans / Loans0.00%0.00%0.00%0.00%0.00%0 bps
Net Charge-Offs / Loans0.01%n/an/an/an/an/a
Allowance / Loans1.40%n/an/an/an/an/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 Capital11.36%n/an/an/an/an/a
Equity / Assets8.35%n/an/an/an/an/a
Liquidity & Funding
Loans / Deposits82.41%85.09%88.60%84.94%93.83%+1,142 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