Scituate Federal Savings Bank

Scituate, MA · Cert 30424

FDIC · 5 branches

Q3 2015

$296.6MAssets

$225.6MLoans

$240.7MDeposits

$24.4MEquity

Loan mix

Deposit mix

NIM

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

Earnings: ROA of 0.42%, up 39 bps year over year; NIM at 2.83%.
Asset quality: problem loans at 0.00% of loans (0 bps YoY), with net charge-offs at 0.01%.

Return on Assets (quarter, annualized)

0.42%+39 bps YoY

Net Interest Margin (quarter, annualized)

2.83%+10 bps YoY

Efficiency Ratio (quarter, annualized)

80.33%-1,821 bps YoY

Tier 1 Leverage Ratio

8.17%

Discrete quarter, annualized.

Metric	Q3 2014	Q4 2014	Q1 2015	Q2 2015	Q3 2015	YoY Δ	Trend
Earnings
Return on Assets	0.03%	0.55%	0.42%	0.36%	0.42%	+39 bps
Return on Equity	0.41%	6.60%	5.11%	4.43%	5.11%	+470 bps
Net Interest Margin	2.72%	2.77%	2.78%	2.79%	2.83%	+10 bps
Efficiency Ratio	98.55%	76.26%	80.62%	80.61%	80.33%	-1,821 bps
Non-Interest Burden	2.72%	2.02%	2.19%	2.21%	2.22%	-50 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 / Loans	0.00%	0.00%	0.00%	0.00%	0.00%	0 bps
Net Charge-Offs / Loans	0.00%	0.00%	0.01%	0.00%	0.01%	+1 bps
Allowance / Loans	0.82%	0.80%	0.78%	0.75%	0.73%	-10 bps
Allowance Coverage of NPLs	n/a	n/a	n/a	n/a	n/a	n/a	n/a
Capital
Tier 1 Leverage Ratio	n/a	n/a	8.18%	8.14%	8.17%	n/a
Total Risk-Based Capital	16.58%	16.07%	16.10%	15.33%	15.17%	-141 bps
Equity / Assets	8.28%	8.26%	8.16%	8.20%	8.24%	-4 bps
Liquidity & Funding
Loans / Deposits	86.13%	88.58%	87.71%	91.04%	93.73%	+760 bps
Liquid Assets / Assets	21.95%	21.08%	20.96%	18.19%	17.34%	-462 bps
CRE / Total Capital	n/a	n/a	n/a	n/a	n/a	n/a	n/a