Worcester, MA · Cert 27134
FDIC
Q4 2008
Board Package
Performance Trends and Peer Comparison
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.
No peer standings are published for this institution and quarter.
Peer groups below the disclosure floor are suppressed.
Worcester, MA · Cert 27134
FDIC
Q4 2008
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 | Q1 2007 | Q2 2007 | Q3 2007 | Q4 2007 | Q1 2008 | Q2 2008 | Q3 2008 | Q4 2008 | YoY Δ | Trend |
|---|---|---|---|---|---|---|---|---|---|---|
| Earnings | ||||||||||
| Return on Assets | 0.84% | 0.49% | 0.67% | 0.75% | 0.71% | 0.84% | 0.86% | 0.99% | +24 bps | |
| Return on Equity | 10.91% | 6.29% | 8.48% | 9.37% | n/a | n/a | n/a | n/a | n/a | |
| Net Interest Margin | 3.61% | 3.83% | 3.87% | 3.85% | n/a | n/a | n/a | n/a | n/a | |
| Efficiency Ratio | 66.96% | 66.82% | 65.78% | 65.35% | n/a | n/a | n/a | n/a | n/a | |
| Non-Interest Burden | 2.18% | 2.30% | 2.28% | 2.26% | n/a | n/a | n/a | n/a | n/a | |
| Growth | ||||||||||
| Asset Growth (YoY) | -1.43% | -7.96% | -5.68% | -3.15% | 11.66% | 7.37% | 5.10% | 4.52% | +767 bps | |
| Loan Growth (YoY) | 10.45% | 4.17% | 5.79% | 6.24% | 6.66% | 5.03% | -3.52% | -5.94% | -1,218 bps | |
| Deposit Growth (YoY) | -5.29% | -3.95% | -2.12% | -3.47% | -1.21% | -6.64% | -8.66% | -17.38% | -1,391 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 | -0.02% | 0.00% | 0.01% | 0.01% | n/a | n/a | n/a | n/a | n/a | |
| Allowance / Loans | 1.44% | 1.46% | 1.40% | 1.40% | n/a | n/a | n/a | n/a | 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 | 11.21% | 11.07% | 10.99% | 11.36% | n/a | n/a | n/a | n/a | n/a | |
| Equity / Assets | 7.80% | 8.10% | 8.25% | 8.35% | n/a | n/a | n/a | n/a | n/a | |
| Liquidity & Funding | ||||||||||
| Loans / Deposits | 78.82% | 78.76% | 80.41% | 82.41% | 85.09% | 88.60% | 84.94% | 93.83% | +1,142 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 |