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First Massachusetts Bank, N.A.

Worcester, MA · Cert 34136

FDIC

Q4 2001

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: Q4 2001, the quarter ended December 31, 2001, 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

First Massachusetts Bank, N.A.

Worcester, MA · Cert 34136

FDIC

Q4 2001

$6.6BAssets
$4.7BLoans
$4.4BDeposits
$521.0MEquity
Loan mix
73%RE $1.9B26%C&I $0.7B1%Consumer $0.0BQ4 2000Q4 2001
Deposit mix
80%Interest-bearing $3.5B20%Noninterest $0.9BQ4 2000Q4 2001

NIM

7.13%Q1 ’016.95%Q3 ’016.42%Q4 ’01+6%-3%

Non-interest income vs. expense

2.58%Q1 ’012.42%Q3 ’012.44%Q4 ’01-9%+4%

Executive Summary

  • Earnings: ROA of 1.06%, up 35 bps year over year; NIM at 3.33%.
  • Asset quality: problem loans at 0.00% of loans (0 bps YoY), with net charge-offs at 0.18%.
  • Funding: loans stand at 105.95% of deposits as of Q4 2001.

Financial Results

Return on Assets (YTD, annualized)

1.06%+35 bps YoY

Net Interest Margin (YTD, annualized)

3.33%

Efficiency Ratio (YTD, annualized)

57.94%

Tier 1 Leverage Ratio

n/a

Year to date, annualized, through each quarter.

MetricQ4 2000Q1 2001Q2 2001Q3 2001Q4 2001YoY ΔTrend
Earnings
Return on Assets0.71%1.01%1.18%1.17%1.06%+35 bps
Return on Equityn/an/an/an/an/an/an/a
Net Interest Marginn/a3.25%3.32%3.43%3.33%n/a
Efficiency Ration/a61.70%56.44%55.59%57.94%n/a
Non-Interest Burdenn/a1.65%1.47%1.50%1.55%n/a
Growth
Asset Growth (YoY)461%467%4.15%-7.03%7.32%-45,401 bps
Loan Growth (YoY)456%457%14.53%12.24%28.79%-42,708 bps
Deposit Growth (YoY)321%314%1.78%0.21%23.62%-29,756 bps
Asset Quality
Nonperforming Loans / Loans0.00%0.00%0.00%0.00%0.00%0 bps
Net Charge-Offs / Loansn/a0.08%0.07%0.12%0.18%n/a
Allowance / Loansn/a1.14%1.12%1.23%1.34%n/a
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 Capitaln/a10.58%15.22%16.00%12.16%n/a
Equity / Assetsn/a7.43%7.38%8.72%7.87%n/a
Liquidity & Funding
Loans / Deposits101.70%104.51%107.43%109.98%105.95%+425 bps
Liquid Assets / Assets0.00%1.51%1.46%0.35%0.26%+26 bps
CRE / Total Capitaln/an/an/an/an/an/an/a