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Scituate Federal Savings Bank

Scituate, MA · Cert 30424

FDIC · 5 branches

Q3 2015

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: Q3 2015, the quarter ended September 30, 2015, 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

Scituate Federal Savings Bank

Scituate, MA · Cert 30424

FDIC · 5 branches

Q3 2015

$296.6MAssets
$225.6MLoans
$240.7MDeposits
$24.4MEquity
Loan mix
98%RE $211.7M1%C&I $1.5M1%Consumer $2.1MQ3 2014Q3 2015
Deposit mix
93%Interest-bearing $224.4M7%Noninterest $16.3MQ3 2014Q3 2015

NIM

3.03%Q3 ’133.35%Q3 ’143.45%Q3 ’15+15%+5%

Non-interest income vs. expense

2.60%Q3 ’132.73%Q3 ’142.60%Q3 ’15+13%-9%

Market Position · Boston-Cambridge-Newton, MA-NH · 2015 SOD (annual) · 0.1% share · #71 of 139 inst. · $0.2B of $328.8B

Executive Summary

  • Earnings: ROA of 0.40%, up 21 bps year over year; NIM at 2.77%.
  • Asset quality: problem loans at 0.00% of loans (0 bps YoY), with net charge-offs at 0.01%.
  • Capital: tier 1 leverage ratio of 8.17%.
  • Funding: loans stand at 93.73% of deposits as of Q3 2015.

Financial Results

Return on Assets (YTD, annualized)

0.40%+21 bps YoY

Net Interest Margin (YTD, annualized)

2.77%+14 bps YoY

Efficiency Ratio (YTD, annualized)

80.52%-1,066 bps YoY

Tier 1 Leverage Ratio

8.17%

Year to date, annualized, through each quarter.

MetricQ3 2014Q4 2014Q1 2015Q2 2015Q3 2015YoY ΔTrend
Earnings
Return on Assets0.19%0.28%0.42%0.39%0.40%+21 bps
Return on Equity2.19%3.31%5.11%4.77%4.88%+269 bps
Net Interest Margin2.62%2.61%2.78%2.76%2.77%+14 bps
Efficiency Ratio91.18%87.06%80.62%80.62%80.52%-1,066 bps
Non-Interest Burden2.40%2.26%2.19%2.18%2.18%-22 bps
Growth
Asset Growth (YoY)1.15%6.02%9.45%8.04%5.01%+386 bps
Loan Growth (YoY)23.68%23.72%21.09%17.31%12.16%-1,152 bps
Deposit Growth (YoY)-0.41%3.04%8.06%6.51%3.07%+348 bps
Asset Quality
Nonperforming Loans / Loans0.00%0.00%0.00%0.00%0.00%0 bps
Net Charge-Offs / Loans0.03%0.03%0.01%0.01%0.01%-3 bps
Allowance / Loans0.82%0.80%0.78%0.75%0.73%-10 bps
Allowance Coverage of NPLsn/an/an/an/an/an/an/a
Capital
Tier 1 Leverage Ration/an/a8.18%8.14%8.17%n/a
Total Risk-Based Capital16.58%16.07%16.10%15.33%15.17%-141 bps
Equity / Assets8.28%8.26%8.16%8.20%8.24%-4 bps
Liquidity & Funding
Loans / Deposits86.13%88.58%87.71%91.04%93.73%+760 bps
Liquid Assets / Assets21.95%21.08%20.96%18.19%17.34%-462 bps
CRE / Total Capitaln/an/an/an/an/an/an/a