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Mutual Federal Savings Bank of Plymouth County

Whitman, MA · Cert 29755

FDIC · 9 branches

Q1 2019

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: Q1 2019, the quarter ended March 31, 2019, 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

Mutual Federal Savings Bank of Plymouth County

Whitman, MA · Cert 29755

FDIC · 9 branches

Q1 2019

$531.3MAssets
$410.2MLoans
$443.3MDeposits
$47.5MEquity
Loan mix
81%RE $291.2M10%C&I $34.4M10%Consumer $35.7MQ1 2018Q1 2019
Deposit mix
87%Interest-bearing $387.0M13%Noninterest $56.3MQ1 2018Q1 2019

NIM

3.43%Q1 ’173.79%Q1 ’184.17%Q1 ’19+7%0%

Non-interest income vs. expense

3.16%Q1 ’172.87%Q1 ’182.85%Q1 ’19-12%-1%

Market Position · Boston-Cambridge-Newton, MA-NH · 2018 SOD (annual) · 0.1% share · #55 of 126 inst. · $0.4B of $348.3B

Executive Summary

  • Earnings: ROA of 0.89%, up 4 bps year over year; NIM at 3.08%.
  • Asset quality: problem loans at 0.79% of loans (+39 bps YoY), with net charge-offs at 0.31%.
  • Capital: tier 1 leverage ratio of 9.60%, up 41 bps from a year ago.
  • Funding: loans stand at 92.52% of deposits as of Q1 2019.

Financial Results

Return on Assets (YTD, annualized)

0.89%+4 bps YoY

Net Interest Margin (YTD, annualized)

3.08%0 bps YoY

Efficiency Ratio (YTD, annualized)

72.14%-57 bps YoY

Tier 1 Leverage Ratio

9.60%+41 bps YoY

Year to date, annualized, through each quarter.

MetricQ1 2018Q2 2018Q3 2018Q4 2018Q1 2019YoY ΔTrend
Earnings
Return on Assets0.85%0.73%0.73%0.68%0.89%+4 bps
Return on Equity9.86%8.31%8.26%7.68%9.95%+9 bps
Net Interest Margin3.08%3.10%3.13%3.06%3.08%0 bps
Efficiency Ratio72.71%76.28%76.11%78.36%72.14%-57 bps
Non-Interest Burden2.00%2.16%2.17%2.21%1.97%-2 bps
Growth
Asset Growth (YoY)6.88%1.20%1.90%1.29%4.20%-268 bps
Loan Growth (YoY)7.01%1.63%0.75%1.47%5.98%-103 bps
Deposit Growth (YoY)8.48%4.20%5.37%2.28%3.89%-459 bps
Asset Quality
Nonperforming Loans / Loans0.40%0.43%0.41%0.81%0.79%+39 bps
Net Charge-Offs / Loans0.03%0.07%0.09%0.11%0.31%+28 bps
Allowance / Loans0.98%0.97%0.94%0.88%0.79%-19 bps
Allowance Coverage of NPLs2.5x2.3x2.3x1.1x1.0x-1.5x
Capital
Tier 1 Leverage Ratio9.19%9.42%9.63%9.54%9.60%+41 bps
Total Risk-Based Capital14.29%14.57%14.43%14.28%14.17%-12 bps
Equity / Assets8.75%9.10%8.99%8.99%8.94%+19 bps
Liquidity & Funding
Loans / Deposits90.70%93.94%92.80%95.52%92.52%+183 bps
Liquid Assets / Assets2.75%0.74%3.00%1.86%2.58%-17 bps
CRE / Total Capitaln/an/an/an/an/an/an/a