Family Federal Savings, F.A.

Fitchburg, MA · Cert 29962

FDIC · 3 branches

Q4 2019

$92.7MAssets

$64.9MLoans

$80.0MDeposits

$10.1MEquity

Deposit mix

NIM

Market Position · Boston-Cambridge-Newton, MA-NH · 2019 SOD (annual) · 0.0% share · #100 of 119 inst. · $0.1B of $357.4B

0.1% Norfolk

0.1% Worcester

0.0% Middlesex

Earnings: ROA of -4.64%, down 470 bps year over year; NIM at 2.27%.
Asset quality: problem loans at 1.24% of loans (-5 bps YoY), with net charge-offs at 0.04%.

Return on Assets (quarter, annualized)

-4.64%-470 bps YoY

Net Interest Margin (quarter, annualized)

2.27%-3 bps YoY

Efficiency Ratio (quarter, annualized)

325%+22,699 bps YoY

Tier 1 Leverage Ratio

10.80%-102 bps YoY

Discrete quarter, annualized.

Metric	Q4 2018	Q1 2019	Q2 2019	Q3 2019	Q4 2019	YoY Δ	Trend
Earnings
Return on Assets	0.06%	0.00%	-0.16%	-2.34%	-4.64%	-470 bps
Return on Equity	0.53%	0.03%	-1.34%	-19.52%	-40.84%	-4,138 bps
Net Interest Margin	2.30%	2.30%	2.33%	2.29%	2.27%	-3 bps
Efficiency Ratio	98.05%	100.00%	106.81%	208%	325%	+22,699 bps
Non-Interest Burden	2.25%	2.30%	2.51%	5.15%	8.24%	+599 bps
Growth
Asset Growth (YoY)	2.13%	-1.88%	-3.67%	-2.99%	-7.81%	-994 bps
Loan Growth (YoY)	0.55%	2.63%	-2.45%	-3.64%	-4.45%	-501 bps
Deposit Growth (YoY)	2.36%	-2.63%	-3.76%	-3.59%	-8.53%	-1,090 bps
Asset Quality
Nonperforming Loans / Loans	1.29%	1.28%	1.30%	1.30%	1.24%	-5 bps
Net Charge-Offs / Loans	0.04%	-0.04%	0.00%	0.00%	0.04%	0 bps
Allowance / Loans	0.62%	0.63%	0.64%	0.65%	0.65%	+3 bps
Allowance Coverage of NPLs	0.5x	0.5x	0.5x	0.5x	0.5x	0.0x
Capital
Tier 1 Leverage Ratio	11.82%	12.03%	12.09%	11.61%	10.80%	-102 bps
Total Risk-Based Capital	24.15%	24.33%	24.66%	23.84%	21.97%	-218 bps
Equity / Assets	11.32%	11.76%	12.27%	11.74%	10.95%	-37 bps
Liquidity & Funding
Loans / Deposits	77.65%	80.07%	80.72%	79.46%	81.12%	+346 bps
Liquid Assets / Assets	4.52%	2.45%	2.25%	4.14%	3.57%	-95 bps
CRE / Total Capital	n/a	n/a	n/a	n/a	n/a	n/a	n/a