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First Federal Savings Bank of Boston

Boston, MA · Cert 29656

FDIC · 1 branch

Q2 2016

Board Package

Performance Trends and Peer Comparison

Part 1Performance Trends, own institution only2
Part 2Peer Comparison, not published for this institution and quartern/a

Basis

Quarter: Q2 2016, the quarter ended June 30, 2016, on both parts.

Income statement: year to date as filed, annualized, on both parts.

Balance sheet: as filed at quarter end.

Peer group

No peer standings are published for this institution and quarter.

Peer groups below the disclosure floor are suppressed.

Source: FFIEC Call Report (031/041/051), as filed. Dollar figures derived from reported amounts in thousands. Ratios computed by CallReports.ai using published regulatory formulas.

CallReports · callreports.ai · Board PackageGenerated 2026-10-11

First Federal Savings Bank of Boston

Boston, MA · Cert 29656

FDIC · 1 branch

Q2 2016

$68.1MAssets
$57.4MLoans
$42.4MDeposits
$11.2MEquity
Deposit mix
58%Interest-bearing $24.7M42%Noninterest $17.8MQ2 2015Q2 2016

NIM

3.41%Q2 ’143.42%Q2 ’153.31%Q2 ’16+7%-2%

Non-interest income vs. expense

18.58%Q2 ’1419.77%Q2 ’1526.31%Q2 ’16-40%+414%

Market Position · Boston-Cambridge-Newton, MA-NH · 2016 SOD (annual) · 0.0% share · #115 of 138 inst. · $0.0B of $311.2B

Executive Summary

  • Earnings: ROA of -5.24%, down 648 bps year over year; NIM at 2.98%.
  • Asset quality: problem loans at 0.00% of loans (0 bps YoY), with net recoveries of 0.01%.
  • Capital: tier 1 leverage ratio of 15.02%, down 269 bps from a year ago.
  • Funding: loans stand at 135.37% of deposits as of Q2 2016.

Financial Results

Return on Assets (YTD, annualized)

-5.24%-648 bps YoY

Net Interest Margin (YTD, annualized)

2.98%-5 bps YoY

Efficiency Ratio (YTD, annualized)

127.38%+3,355 bps YoY

Tier 1 Leverage Ratio

15.02%-269 bps YoY

Year to date, annualized, through each quarter.

MetricQ2 2015Q3 2015Q4 2015Q1 2016Q2 2016YoY ΔTrend
Earnings
Return on Assets1.24%1.86%1.87%0.09%-5.24%-648 bps
Return on Equity6.50%9.51%9.41%0.42%-26.09%-3,260 bps
Net Interest Margin3.03%3.17%3.38%3.03%2.98%-5 bps
Efficiency Ratio93.83%91.37%91.14%99.48%127.38%+3,355 bps
Non-Interest Burden1.65%1.17%1.24%2.79%8.49%+684 bps
Growth
Asset Growth (YoY)23.71%9.28%-1.67%-18.78%-6.93%-3,064 bps
Loan Growth (YoY)32.27%14.56%1.32%-23.22%-6.32%-3,859 bps
Deposit Growth (YoY)24.97%10.09%-11.13%-18.66%2.38%-2,258 bps
Asset Quality
Nonperforming Loans / Loans0.00%0.00%0.00%0.00%0.00%0 bps
Net Charge-Offs / Loans-0.01%-0.04%0.02%-0.01%-0.01%0 bps
Allowance / Loans0.94%1.07%1.10%1.35%0.98%+5 bps
Allowance Coverage of NPLsn/an/an/an/an/an/an/a
Capital
Tier 1 Leverage Ratio17.71%18.07%19.68%19.38%15.02%-269 bps
Total Risk-Based Capital32.04%34.00%39.17%39.66%28.56%-348 bps
Equity / Assets17.99%21.12%20.98%23.55%16.41%-158 bps
Liquidity & Funding
Loans / Deposits147.95%151.37%145.20%107.86%135.37%-1,258 bps
Liquid Assets / Assets1.85%0.04%7.49%7.11%0.16%-169 bps
CRE / Total Capitaln/an/an/an/an/an/an/a