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Athol-Clinton Co-operative Bank

Athol, MA · Cert 27293

FDIC

Q1 2011

$81.1MAssets
$72.1MLoans
$66.4MDeposits
$7.7MEquity
Deposit mix
98%Interest-bearing $65.2M2%Noninterest $1.2MQ1 2010Q1 2011

NIM

5.23%Q1 ’094.91%Q1 ’104.70%Q1 ’11+21%+12%

Non-interest income vs. expense

2.53%Q1 ’093.48%Q1 ’105.74%Q1 ’11+43%+86%

Executive Summary

  • Earnings: ROA of -2.46%, down 85 bps year over year; NIM at 3.50%.
  • Asset quality: problem loans at 0.00% of loans (0 bps YoY), with net charge-offs at 2.58%.
  • Funding: loans stand at 108.49% of deposits as of Q1 2011.

Financial Results

Return on Assets (quarter, annualized)

-2.46%-85 bps YoY

Net Interest Margin (quarter, annualized)

3.50%+39 bps YoY

Efficiency Ratio (quarter, annualized)

177.11%+7,400 bps YoY

Tier 1 Leverage Ratio

n/a

Discrete quarter, annualized.

MetricQ1 2010Q2 2010Q3 2010Q4 2010Q1 2011YoY ΔTrend
Earnings
Return on Assets-1.61%0.50%-4.53%-0.06%-2.46%-85 bps
Return on Equity-15.97%4.91%-46.67%-0.59%-25.88%-991 bps
Net Interest Margin3.11%3.77%3.25%3.29%3.50%+39 bps
Efficiency Ratio103.10%108.14%205%101.59%177.11%+7,400 bps
Non-Interest Burden3.22%4.09%5.51%3.35%6.00%+278 bps
Growth
Asset Growth (YoY)-12.70%-16.10%-11.33%-9.77%-10.69%+202 bps
Loan Growth (YoY)-8.18%-5.84%-7.33%-11.96%-12.59%-441 bps
Deposit Growth (YoY)15.17%3.98%1.15%-5.72%-6.38%-2,156 bps
Asset Quality
Nonperforming Loans / Loans0.00%0.00%0.00%0.00%0.00%0 bps
Net Charge-Offs / Loans4.42%2.03%1.85%1.33%2.58%-184 bps
Allowance / Loans2.53%2.34%2.83%2.67%2.12%-42 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 Capital17.65%12.49%10.10%11.77%11.73%-592 bps
Equity / Assets10.09%10.25%9.17%9.55%9.46%-63 bps
Liquidity & Funding
Loans / Deposits116.19%115.57%112.06%109.27%108.49%-770 bps
Liquid Assets / Assets4.46%4.22%4.48%4.89%2.18%-228 bps
CRE / Total Capitaln/an/an/an/an/an/an/a