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East Boston Savings Bank

Boston, MA · Cert 33510

FDIC · 43 branches

Q3 2021

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 2021, the quarter ended September 30, 2021, 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

East Boston Savings Bank

Boston, MA · Cert 33510

FDIC · 43 branches

Q3 2021

$6.1BAssets
$4.9BLoans
$4.7BDeposits
$762.8MEquity
Loan mix
95%RE $2.4B5%C&I $0.1B0%Consumer $0.0BQ3 2020Q3 2021
Deposit mix
83%Interest-bearing $3.9B17%Noninterest $0.8BQ3 2020Q3 2021

NIM

4.21%Q3 ’193.96%Q3 ’203.58%Q3 ’21+10%+2%

Non-interest income vs. expense

1.57%Q3 ’191.51%Q3 ’201.66%Q3 ’21-11%+18%

Market Position · Boston-Cambridge-Newton, MA-NH · 2021 SOD (annual) · 1.0% share · #12 of 116 inst. · $4.9B of $514.5B

0.8% Suffolk
4.2% Essex
0.8% Middlesex
0.2% Norfolk

Executive Summary

  • Earnings: ROA of 1.26%, up 28 bps year over year; NIM at 3.08%.
  • Asset quality: problem loans at 0.14% of loans (+8 bps YoY), with net charge-offs at 0.10%.
  • Capital: tier 1 leverage ratio of 11.90%, up 92 bps from a year ago.
  • Funding: loans stand at 103.87% of deposits as of Q3 2021.

Financial Results

Return on Assets (YTD, annualized)

1.26%+28 bps YoY

Net Interest Margin (YTD, annualized)

3.08%+6 bps YoY

Efficiency Ratio (YTD, annualized)

50.93%+394 bps YoY

Tier 1 Leverage Ratio

11.90%+92 bps YoY

Year to date, annualized, through each quarter.

MetricQ3 2020Q4 2020Q1 2021Q2 2021Q3 2021YoY ΔTrend
Earnings
Return on Assets0.98%1.01%1.49%1.29%1.26%+28 bps
Return on Equity9.00%9.24%12.93%11.14%10.69%+169 bps
Net Interest Margin3.02%3.02%2.96%3.04%3.08%+6 bps
Efficiency Ratio46.98%46.32%50.13%51.70%50.93%+394 bps
Non-Interest Burden1.25%1.24%1.39%1.48%1.47%+22 bps
Growth
Asset Growth (YoY)3.37%4.52%2.41%-2.04%-6.68%-1,005 bps
Loan Growth (YoY)-1.52%-3.99%-7.01%-12.45%-13.24%-1,172 bps
Deposit Growth (YoY)-0.17%3.20%5.75%1.37%-4.78%-461 bps
Asset Quality
Nonperforming Loans / Loans0.06%0.06%0.06%0.21%0.14%+8 bps
Net Charge-Offs / Loans0.00%0.00%0.01%0.00%0.10%+10 bps
Allowance / Loans1.19%1.25%1.20%1.28%1.24%+4 bps
Allowance Coverage of NPLs18.8x21.8x20.3x6.1x8.8x-10.0x
Capital
Tier 1 Leverage Ratio10.98%11.16%11.21%11.26%11.90%+92 bps
Total Risk-Based Capital10.98%11.16%11.21%11.26%11.90%+92 bps
Equity / Assets10.92%11.20%11.79%11.83%12.45%+153 bps
Liquidity & Funding
Loans / Deposits114.00%108.38%103.70%102.04%103.87%-1,013 bps
Liquid Assets / Assets10.24%13.34%15.44%16.94%16.60%+636 bps
CRE / Total Capitaln/an/an/an/an/an/an/a