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Natick Federal Savings Bank

Natick, MA · Cert 28373

FDIC

Q2 2012

$151.9MAssets
$64.7MLoans
$137.6MDeposits
$10.7MEquity
Deposit mix
98%Interest-bearing $134.2M2%Noninterest $3.4MQ2 2011Q2 2012

NIM

2.77%Q1 ’122.70%Q2 ’12-3%

Non-interest income vs. expense

2.38%Q1 ’129.22%Q2 ’12+313%

Executive Summary

  • Earnings: ROA of -4.78%, down 467 bps year over year; NIM at 1.79%.
  • Asset quality: problem loans at 0.00% of loans (0 bps YoY), with net charge-offs at 0.14%.
  • Funding: loans stand at 47.03% of deposits as of Q2 2012.

Financial Results

Return on Assets (YTD, annualized)

-4.78%-467 bps YoY

Net Interest Margin (YTD, annualized)

1.79%

Efficiency Ratio (YTD, annualized)

477%

Tier 1 Leverage Ratio

n/a

Year to date, annualized, through each quarter.

MetricQ2 2011Q3 2011Q4 2011Q1 2012Q2 2012YoY ΔTrend
Earnings
Return on Assets-0.11%-0.09%-0.05%-0.06%-4.78%-467 bps
Return on Equityn/an/an/an/an/an/an/a
Net Interest Marginn/an/an/a1.84%1.79%n/a
Efficiency Ration/an/an/a117.79%477%n/a
Non-Interest Burdenn/an/an/a2.20%9.07%n/a
Growth
Asset Growth (YoY)-3.10%-3.09%-3.19%-1.35%-3.13%-4 bps
Loan Growth (YoY)-11.36%-11.16%-11.06%-8.75%-11.49%-13 bps
Deposit Growth (YoY)-1.15%-0.86%-2.40%-0.65%0.64%+179 bps
Asset Quality
Nonperforming Loans / Loans0.00%0.00%0.00%0.00%0.00%0 bps
Net Charge-Offs / Loansn/an/an/a0.00%0.14%n/a
Allowance / Loansn/an/an/a0.24%0.42%n/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 Capitaln/an/an/a20.83%15.54%n/a
Equity / Assetsn/an/an/a9.14%7.02%n/a
Liquidity & Funding
Loans / Deposits53.48%52.03%50.10%48.57%47.03%-645 bps
Liquid Assets / Assets0.00%0.00%0.00%38.11%36.91%+3,691 bps
CRE / Total Capitaln/an/an/an/an/an/an/a