Braintree, MA · Cert 34674
FDIC
Q4 2003
Board Package
Performance Trends and Peer Comparison
Quarter: Q4 2003, the quarter ended December 31, 2003, 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.
Braintree, MA · Cert 34674
FDIC
Q4 2003
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 | Q1 2002 | Q2 2002 | Q3 2002 | Q4 2002 | Q1 2003 | Q2 2003 | Q3 2003 | Q4 2003 | YoY Δ | Trend |
|---|---|---|---|---|---|---|---|---|---|---|
| Earnings | ||||||||||
| Return on Assets | 0.75% | 0.72% | 0.69% | 0.67% | 0.82% | 0.93% | 0.82% | 0.95% | +28 bps | |
| Return on Equity | 7.35% | 7.14% | 7.03% | 6.77% | 8.50% | 9.53% | 8.31% | 9.54% | +277 bps | |
| Net Interest Margin | 3.72% | 3.56% | 3.53% | 3.38% | 3.30% | 3.36% | 3.43% | 3.59% | +20 bps | |
| Efficiency Ratio | 58.91% | 60.50% | 59.72% | 59.06% | 60.55% | 59.91% | 62.20% | 56.96% | -210 bps | |
| Non-Interest Burden | 2.10% | 2.07% | 2.02% | 1.91% | 1.84% | 1.88% | 2.02% | 1.93% | +2 bps | |
| Growth | ||||||||||
| Asset Growth (YoY) | 41.35% | 39.40% | 40.34% | 17.25% | 15.76% | 15.27% | 1.78% | 9.08% | -817 bps | |
| Loan Growth (YoY) | 67.23% | 53.23% | 50.13% | 25.51% | 17.55% | 20.11% | 17.82% | 19.98% | -553 bps | |
| Deposit Growth (YoY) | 41.43% | 40.88% | 47.32% | 17.24% | 21.18% | 17.00% | 4.22% | 11.29% | -595 bps | |
| Asset Quality | ||||||||||
| Nonperforming Loans / Loans | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0 bps | |
| Net Charge-Offs / Loans | 0.00% | 0.06% | 0.05% | 0.04% | 0.03% | 0.01% | 0.01% | 0.00% | -4 bps | |
| Allowance / Loans | 1.37% | 1.35% | 1.51% | 1.60% | 1.64% | 1.59% | 1.55% | 1.57% | -3 bps | |
| 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 | 13.79% | 13.71% | 12.86% | 13.20% | 12.97% | 12.89% | 12.57% | 12.58% | -63 bps | |
| Equity / Assets | 9.85% | 10.01% | 9.33% | 9.86% | 9.49% | 9.89% | 10.24% | 10.19% | +33 bps | |
| Liquidity & Funding | ||||||||||
| Loans / Deposits | 97.62% | 98.10% | 94.47% | 100.44% | 94.69% | 100.71% | 106.80% | 108.28% | +785 bps | |
| Liquid Assets / Assets | 1.99% | 1.30% | 2.70% | 0.20% | 0.05% | 0.07% | 0.01% | 0.04% | -16 bps | |
| CRE / Total Capital | n/a | n/a | n/a | n/a | n/a | n/a | n/a | n/a | n/a | n/a |