PackageTrendsPeer
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Firstfed Trust Company, National Association

Swansea, MA · Cert 35540

FDIC

Q1 2004

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: Q1 2004, the quarter ended March 31, 2004, 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

Firstfed Trust Company, National Association

Swansea, MA · Cert 35540

FDIC

Q1 2004

$3.7MAssets
n/aLoans
n/aDeposits
$3.0MEquity

NIM

2.47%Q1 ’022.13%Q1 ’031.60%Q1 ’04-14%-25%

Non-interest income vs. expense

38.11%Q1 ’0240.60%Q1 ’0346.57%Q1 ’04+6%-16%

Executive Summary

  • Earnings: ROA of 5.24%, up 49 bps year over year; NIM at 1.60%.

Financial Results

Return on Assets (YTD, annualized)

5.24%+49 bps YoY

Net Interest Margin (YTD, annualized)

1.60%-53 bps YoY

Efficiency Ratio (YTD, annualized)

83.57%+112 bps YoY

Tier 1 Leverage Ratio

n/a

Year to date, annualized, through each quarter.

MetricQ1 2003Q2 2003Q3 2003Q4 2003Q1 2004YoY ΔTrend
Earnings
Return on Assets4.75%1.11%0.26%0.73%5.24%+49 bps
Return on Equity5.65%1.35%0.31%0.88%6.39%+73 bps
Net Interest Margin2.13%1.97%1.94%1.89%1.60%-53 bps
Efficiency Ratio82.45%95.11%98.52%97.17%83.57%+112 bps
Non-Interest Burden-6.51%-0.29%1.24%0.50%-7.55%-104 bps
Growth
Asset Growth (YoY)4.30%18.07%3.04%3.19%4.07%-23 bps
Loan Growth (YoY)n/an/an/an/an/an/an/a
Deposit Growth (YoY)n/an/an/an/an/an/an/a
Asset Quality
Nonperforming Loans / Loansn/an/an/an/an/an/an/a
Net Charge-Offs / Loansn/an/an/an/an/an/an/a
Allowance / Loansn/an/an/an/an/an/an/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 Capital246%248%259%264%268%+2,169 bps
Equity / Assets84.00%80.32%84.00%82.10%81.87%-213 bps
Liquidity & Funding
Loans / Depositsn/an/an/an/an/an/an/a
Liquid Assets / Assets68.44%67.42%66.71%68.88%70.14%+169 bps
CRE / Total Capitaln/an/an/an/an/an/an/a