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Patriot Community Bank

Woburn, MA · Cert 58133

FDIC · 1 branch

Q2 2022

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: Q2 2022, the quarter ended June 30, 2022, 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

Patriot Community Bank

Woburn, MA · Cert 58133

FDIC · 1 branch

Q2 2022

$200.4MAssets
$134.9MLoans
$168.2MDeposits
$31.7MEquity
Loan mix
93%RE $97.7M7%C&I $7.8M0%Consumer $0.0MQ2 2021Q2 2022
Deposit mix
80%Interest-bearing $134.8M20%Noninterest $33.4MQ2 2021Q2 2022

NIM

3.87%Q2 ’203.38%Q2 ’213.26%Q2 ’22-1%+8%

Non-interest income vs. expense

1.91%Q2 ’202.29%Q2 ’211.97%Q2 ’22-64%+386%

Market Position · Boston-Cambridge-Newton, MA-NH · 2022 SOD (annual) · 0.0% share · #79 of 111 inst. · $0.2B of $511.3B

Executive Summary

  • Earnings: ROA of 0.86%, down 50 bps year over year; NIM at 2.77%.
  • Asset quality: problem loans at 0.87% of loans (+7 bps YoY), with net charge-offs at 0.00%.
  • Capital: tier 1 leverage ratio of 15.57%, up 91 bps from a year ago.
  • Funding: loans stand at 80.16% of deposits as of Q2 2022.

Financial Results

Return on Assets (YTD, annualized)

0.86%-50 bps YoY

Net Interest Margin (YTD, annualized)

2.77%+20 bps YoY

Efficiency Ratio (YTD, annualized)

64.06%+1,337 bps YoY

Tier 1 Leverage Ratio

15.57%+91 bps YoY

Year to date, annualized, through each quarter.

MetricQ2 2021Q3 2021Q4 2021Q1 2022Q2 2022YoY ΔTrend
Earnings
Return on Assets1.36%1.25%1.11%0.84%0.86%-50 bps
Return on Equity9.66%8.87%7.82%5.59%5.60%-406 bps
Net Interest Margin2.57%2.49%2.50%2.65%2.77%+20 bps
Efficiency Ratio50.70%53.63%56.28%68.63%64.06%+1,337 bps
Non-Interest Burden0.34%0.63%0.83%1.70%1.67%+132 bps
Growth
Asset Growth (YoY)8.12%9.10%2.19%-2.48%-5.38%-1,350 bps
Loan Growth (YoY)7.69%1.47%-4.52%-11.06%-7.73%-1,542 bps
Deposit Growth (YoY)8.02%8.88%1.25%-3.71%-6.90%-1,492 bps
Asset Quality
Nonperforming Loans / Loans0.80%0.87%0.86%0.87%0.87%+7 bps
Net Charge-Offs / Loans0.00%0.00%0.00%0.00%0.00%0 bps
Allowance / Loans1.32%1.35%1.38%1.33%1.34%+2 bps
Allowance Coverage of NPLs1.6x1.6x1.6x1.5x1.5x-0.1x
Capital
Tier 1 Leverage Ratio14.67%14.53%14.71%15.35%15.57%+91 bps
Total Risk-Based Capital22.76%24.24%25.28%25.53%25.81%+304 bps
Equity / Assets14.12%14.13%14.86%15.36%15.82%+170 bps
Liquidity & Funding
Loans / Deposits80.89%73.77%77.18%78.77%80.16%-72 bps
Liquid Assets / Assets28.85%35.21%34.49%32.44%30.80%+194 bps
CRE / Total Capitaln/an/an/an/an/an/an/a