Swansea, MA · Cert 35540
FDIC
Q1 2004
Board Package
Performance Trends and Peer Comparison
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.
No peer standings are published for this institution and quarter.
Peer groups below the disclosure floor are suppressed.
Swansea, MA · Cert 35540
FDIC
Q1 2004
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 2002 | Q3 2002 | Q4 2002 | Q1 2003 | Q2 2003 | Q3 2003 | Q4 2003 | Q1 2004 | YoY Δ | Trend |
|---|---|---|---|---|---|---|---|---|---|---|
| Earnings | ||||||||||
| Return on Assets | 4.21% | 3.46% | 2.59% | 4.75% | 1.11% | 0.26% | 0.73% | 5.24% | +49 bps | |
| Return on Equity | 4.70% | 3.90% | 2.95% | 5.65% | 1.35% | 0.31% | 0.88% | 6.39% | +73 bps | |
| Net Interest Margin | 2.52% | 2.52% | 2.37% | 2.13% | 1.97% | 1.94% | 1.89% | 1.60% | -53 bps | |
| Efficiency Ratio | 84.73% | 87.20% | 90.21% | 82.45% | 95.11% | 98.52% | 97.17% | 83.57% | +112 bps | |
| Non-Interest Burden | -4.51% | -3.51% | -2.01% | -6.51% | -0.29% | 1.24% | 0.50% | -7.55% | -104 bps | |
| Growth | ||||||||||
| Asset Growth (YoY) | 4.01% | 11.04% | 12.06% | 4.30% | 18.07% | 3.04% | 3.19% | 4.07% | -23 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 | 280% | 262% | 266% | 246% | 248% | 259% | 264% | 268% | +2,169 bps | |
| Equity / Assets | 93.50% | 86.29% | 84.00% | 84.00% | 80.32% | 84.00% | 82.10% | 81.87% | -213 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 | 63.29% | 65.44% | 67.72% | 68.44% | 67.42% | 66.71% | 68.88% | 70.14% | +169 bps | |
| CRE / Total Capital | n/a | n/a | n/a | n/a | n/a | n/a | n/a | n/a | n/a | n/a |