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Peoples Federal Savings Bank

Brighton, MA · Cert 29861

FDIC · 8 branches

Q4 2014

$596.0MAssets
$484.9MLoans
$438.8MDeposits
$93.4MEquity
Loan mix
97%RE $438.0M2%C&I $9.5M1%Consumer $3.9MQ4 2013Q4 2014
Deposit mix
83%Interest-bearing $365.7M17%Noninterest $73.1MQ4 2013Q4 2014

NIM

3.52%Q4 ’123.38%Q4 ’133.32%Q4 ’14-1%-2%

Non-interest income vs. expense

1.96%Q4 ’122.05%Q4 ’132.02%Q4 ’14+10%-1%

Market Position · Boston-Cambridge-Newton, MA-NH · 2014 SOD (annual) · 0.1% share · #45 of 145 inst. · $0.4B of $305.8B

0.2% Suffolk
0.5% Norfolk

Executive Summary

  • Earnings: ROA of 0.55%, down 15 bps year over year; NIM at 2.88%.
  • Asset quality: problem loans at 0.00% of loans (0 bps YoY), with net charge-offs at 0.00%.
  • Funding: loans stand at 110.50% of deposits as of Q4 2014.

Financial Results

Return on Assets (quarter, annualized)

0.55%-15 bps YoY

Net Interest Margin (quarter, annualized)

2.88%-5 bps YoY

Efficiency Ratio (quarter, annualized)

64.44%+25 bps YoY

Tier 1 Leverage Ratio

n/a

Discrete quarter, annualized.

MetricQ4 2013Q1 2014Q2 2014Q3 2014Q4 2014YoY ΔTrend
Earnings
Return on Assets0.70%0.68%0.69%0.71%0.55%-15 bps
Return on Equity4.64%4.50%4.60%4.66%3.56%-107 bps
Net Interest Margin2.93%2.95%2.95%2.89%2.88%-5 bps
Efficiency Ratio64.19%66.26%64.65%63.19%64.44%+25 bps
Non-Interest Burden1.78%1.86%1.82%1.73%1.76%-2 bps
Growth
Asset Growth (YoY)1.84%3.94%5.51%2.79%1.47%-36 bps
Loan Growth (YoY)3.92%8.92%8.76%4.43%2.20%-172 bps
Deposit Growth (YoY)-2.80%-1.05%0.37%0.86%0.86%+366 bps
Asset Quality
Nonperforming Loans / Loans0.00%0.00%0.00%0.00%0.00%0 bps
Net Charge-Offs / Loans0.02%-0.01%0.01%0.00%0.00%-1 bps
Allowance / Loans0.85%0.82%0.81%0.82%0.83%-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 Capital25.00%24.48%24.51%25.34%25.89%+89 bps
Equity / Assets15.17%15.03%15.10%15.40%15.68%+50 bps
Liquidity & Funding
Loans / Deposits109.05%111.55%112.20%110.63%110.50%+145 bps
Liquid Assets / Assets10.95%10.26%10.34%10.42%11.13%+18 bps
CRE / Total Capitaln/an/an/an/an/an/an/a