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Capital Crossing Bank

Boston, MA · Cert 27184

FDIC

Q4 2006

$1.2BAssets
$977.9MLoans
$853.4MDeposits
$83.8MEquity
Deposit mix
99%Interest-bearing $845.2M1%Noninterest $8.3MQ4 2005Q4 2006

NIM

9.54%Q4 ’049.17%Q4 ’059.22%Q4 ’06-12%-11%

Non-interest income vs. expense

4.73%Q4 ’044.64%Q4 ’055.33%Q4 ’06-13%-6%

Executive Summary

  • Earnings: ROA of 0.94%, down 60 bps year over year; NIM at 5.18%.
  • Asset quality: problem loans at 0.00% of loans (0 bps YoY), with net charge-offs at 0.28%.
  • Funding: loans stand at 114.58% of deposits as of Q4 2006.

Financial Results

Return on Assets (YTD, annualized)

0.94%-60 bps YoY

Net Interest Margin (YTD, annualized)

5.18%-63 bps YoY

Efficiency Ratio (YTD, annualized)

72.45%+713 bps YoY

Tier 1 Leverage Ratio

n/a

Year to date, annualized, through each quarter.

MetricQ4 2005Q1 2006Q2 2006Q3 2006Q4 2006YoY ΔTrend
Earnings
Return on Assets1.54%1.11%1.39%1.07%0.94%-60 bps
Return on Equity19.71%15.41%18.98%14.56%13.03%-668 bps
Net Interest Margin5.81%5.71%5.18%5.14%5.18%-63 bps
Efficiency Ratio65.31%72.87%65.84%70.25%72.45%+713 bps
Non-Interest Burden3.34%3.81%2.40%2.88%3.15%-19 bps
Growth
Asset Growth (YoY)2.21%-0.09%0.70%0.36%8.86%+665 bps
Loan Growth (YoY)-1.68%-3.27%0.23%3.52%15.39%+1,707 bps
Deposit Growth (YoY)-0.62%-1.43%3.30%13.11%17.98%+1,859 bps
Asset Quality
Nonperforming Loans / Loans0.00%0.00%0.00%0.00%0.00%0 bps
Net Charge-Offs / Loans0.32%0.22%0.48%0.37%0.28%-5 bps
Allowance / Loans1.84%1.74%1.58%1.58%1.34%-50 bps
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 Capital16.35%17.86%17.69%17.91%16.19%-16 bps
Equity / Assets6.92%7.53%7.51%7.40%6.96%+4 bps
Liquidity & Funding
Loans / Deposits117.15%124.46%116.42%109.18%114.58%-257 bps
Liquid Assets / Assets0.20%0.15%0.14%0.13%0.14%-6 bps
CRE / Total Capitaln/an/an/an/an/an/an/a