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Dedham Co-operative Bank the

Dedham, MA · Cert 27232

FDIC

Q4 2006

$85.3MAssets
$50.1MLoans
$62.5MDeposits
$13.1MEquity
Deposit mix
99%Interest-bearing $61.6M1%Noninterest $0.9MQ4 2005Q4 2006

NIM

4.19%Q4 ’044.22%Q4 ’054.77%Q4 ’06-12%-11%

Non-interest income vs. expense

1.80%Q4 ’041.75%Q4 ’051.87%Q4 ’06-3%+6%

Executive Summary

  • Earnings: ROA of 0.25%, down 25 bps year over year; NIM at 2.10%.
  • Asset quality: problem loans at 0.00% of loans (0 bps YoY), with net charge-offs at 0.00%.
  • Funding: loans stand at 80.19% of deposits as of Q4 2006.

Financial Results

Return on Assets (YTD, annualized)

0.25%-25 bps YoY

Net Interest Margin (YTD, annualized)

2.10%-26 bps YoY

Efficiency Ratio (YTD, annualized)

83.44%+1,271 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 Assets0.49%0.20%0.26%0.24%0.25%-25 bps
Return on Equity3.32%1.39%1.78%1.67%1.67%-165 bps
Net Interest Margin2.36%2.13%2.09%2.10%2.10%-26 bps
Efficiency Ratio70.73%86.73%84.07%83.96%83.44%+1,271 bps
Non-Interest Burden1.63%1.83%1.74%1.74%1.72%+9 bps
Growth
Asset Growth (YoY)6.55%8.30%5.31%-1.57%-2.87%-942 bps
Loan Growth (YoY)22.24%22.42%21.10%12.96%11.00%-1,125 bps
Deposit Growth (YoY)7.09%9.71%7.08%11.07%12.41%+532 bps
Asset Quality
Nonperforming Loans / Loans0.00%0.00%0.00%0.00%0.00%0 bps
Net Charge-Offs / Loans0.00%0.00%0.00%0.00%0.00%0 bps
Allowance / Loans0.68%0.68%0.67%0.65%0.66%-2 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 Capital29.60%30.53%31.42%30.35%30.93%+133 bps
Equity / Assets14.40%14.46%14.59%14.91%15.30%+90 bps
Liquidity & Funding
Loans / Deposits81.21%79.91%80.29%80.27%80.19%-102 bps
Liquid Assets / Assets6.26%6.19%6.93%6.67%6.13%-13 bps
CRE / Total Capitaln/an/an/an/an/an/an/a