Worcester, MA · Cert 33706
FDIC
Q1 2005
Board Package
Performance Trends and Peer Comparison
Quarter: Q1 2005, the quarter ended March 31, 2005, on both parts.
Income statement: year to date as filed, annualized, on both parts.
Balance sheet: as filed at quarter end.
No peer standings are published for this institution and quarter.
Peer groups below the disclosure floor are suppressed.
Worcester, MA · Cert 33706
FDIC
Q1 2005
Return on Assets (YTD, annualized)
Net Interest Margin (YTD, annualized)
Efficiency Ratio (YTD, annualized)
Tier 1 Leverage Ratio
Year to date, annualized, through each quarter.
| Metric | Q2 2003 | Q3 2003 | Q4 2003 | Q1 2004 | Q2 2004 | Q3 2004 | Q4 2004 | Q1 2005 | YoY Δ | Trend |
|---|---|---|---|---|---|---|---|---|---|---|
| Earnings | ||||||||||
| Return on Assets | 0.48% | -0.16% | 0.15% | 0.00% | 0.78% | -0.28% | -0.12% | -1.92% | -192 bps | |
| Return on Equity | 0.48% | -0.16% | 0.15% | 0.00% | 0.78% | -0.28% | -0.12% | -1.92% | -192 bps | |
| Net Interest Margin | 1.37% | 1.27% | 1.25% | 0.96% | 1.02% | 0.80% | 0.75% | 1.08% | +12 bps | |
| Efficiency Ratio | 90.00% | 108.33% | 89.58% | 147.62% | 74.42% | 126.09% | 113.73% | 356% | +20,794 bps | |
| Non-Interest Burden | 1.07% | 1.51% | 0.95% | 2.16% | 0.36% | 1.28% | 0.96% | 3.84% | +168 bps | |
| Growth | ||||||||||
| Asset Growth (YoY) | 0.93% | 0.42% | -0.12% | -0.45% | -0.74% | -0.80% | -0.60% | -0.27% | +18 bps | |
| Loan Growth (YoY) | n/a | n/a | n/a | n/a | n/a | n/a | n/a | n/a | n/a | n/a |
| Deposit Growth (YoY) | n/a | n/a | n/a | n/a | n/a | n/a | n/a | n/a | n/a | n/a |
| Asset Quality | ||||||||||
| Nonperforming Loans / Loans | n/a | n/a | n/a | n/a | n/a | n/a | n/a | n/a | n/a | n/a |
| Net Charge-Offs / Loans | n/a | n/a | n/a | n/a | n/a | n/a | n/a | n/a | n/a | n/a |
| Allowance / Loans | n/a | n/a | n/a | n/a | n/a | n/a | n/a | n/a | n/a | n/a |
| Allowance Coverage of NPLs | n/a | n/a | n/a | n/a | n/a | n/a | n/a | n/a | n/a | n/a |
| Capital | ||||||||||
| Tier 1 Leverage Ratio | n/a | n/a | n/a | n/a | n/a | n/a | n/a | n/a | n/a | n/a |
| Total Risk-Based Capital | 714% | 723% | 564% | 494% | 450% | 508% | 508% | 447% | -4,668 bps | |
| Equity / Assets | 99.26% | 99.29% | 99.58% | 99.79% | 100.00% | 99.94% | 99.94% | 99.73% | -6 bps | |
| Liquidity & Funding | ||||||||||
| Loans / Deposits | n/a | n/a | n/a | n/a | n/a | n/a | n/a | n/a | n/a | n/a |
| Liquid Assets / Assets | 27.99% | 28.18% | 39.30% | 39.48% | 46.49% | 46.80% | 46.82% | 50.22% | +1,074 bps | |
| CRE / Total Capital | n/a | n/a | n/a | n/a | n/a | n/a | n/a | n/a | n/a | n/a |