PackageTrendsPeer
Letter portraitLegal landscape

Newport Federal Savings Bank

Newport, RI · Cert 30626

FDIC

Q2 2013

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: Q2 2013, the quarter ended June 30, 2013, 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

Newport Federal Savings Bank

Newport, RI · Cert 30626

FDIC

Q2 2013

$426.3MAssets
$360.2MLoans
$281.4MDeposits
$46.9MEquity
Loan mix
100%RE $320.1M0%C&I $0.9M0%Consumer $0.4MQ2 2012Q2 2013
Deposit mix
82%Interest-bearing $231.4M18%Noninterest $50.0MQ2 2012Q2 2013

NIM

4.42%Q1 ’124.25%Q2 ’124.09%Q2 ’13-4%+5%

Non-interest income vs. expense

2.79%Q1 ’122.72%Q2 ’122.70%Q2 ’13-2%-4%

Executive Summary

  • Earnings: ROA of 0.54%, up 24 bps year over year; NIM at 3.10%.
  • Asset quality: problem loans at 0.00% of loans (0 bps YoY), with net charge-offs at 0.07%.
  • Funding: loans stand at 127.99% of deposits as of Q2 2013.

Financial Results

Return on Assets (YTD, annualized)

0.54%+24 bps YoY

Net Interest Margin (YTD, annualized)

3.10%+15 bps YoY

Efficiency Ratio (YTD, annualized)

74.39%-524 bps YoY

Tier 1 Leverage Ratio

n/a

Year to date, annualized, through each quarter.

MetricQ2 2012Q3 2012Q4 2012Q1 2013Q2 2013YoY ΔTrend
Earnings
Return on Assets0.30%0.32%0.36%0.48%0.54%+24 bps
Return on Equityn/an/an/a4.63%5.06%n/a
Net Interest Margin2.95%2.91%2.95%3.07%3.10%+15 bps
Efficiency Ratio79.63%79.57%78.92%74.69%74.39%-524 bps
Non-Interest Burden2.26%2.22%2.22%2.17%2.17%-8 bps
Growth
Asset Growth (YoY)3.39%2.85%-0.98%-7.91%-8.52%-1,191 bps
Loan Growth (YoY)3.47%5.37%3.04%0.80%-1.99%-546 bps
Deposit Growth (YoY)3.37%3.76%8.97%2.71%2.96%-41 bps
Asset Quality
Nonperforming Loans / Loans0.00%0.00%0.00%0.00%0.00%0 bps
Net Charge-Offs / Loans0.36%0.24%0.19%0.05%0.07%-29 bps
Allowance / Loans1.00%1.04%1.12%1.11%1.09%+9 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 Capital16.05%16.36%17.14%17.42%17.60%+155 bps
Equity / Assets9.52%9.53%10.14%10.73%11.00%+148 bps
Liquidity & Funding
Loans / Deposits134.46%132.76%123.43%127.38%127.99%-646 bps
Liquid Assets / Assets11.98%12.31%10.96%7.17%6.67%-531 bps
CRE / Total Capitaln/an/an/an/an/an/an/a