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Optima Bank and Trust

Portsmouth, NH · Cert 58699

FDIC · 7 branches

Q1 2019

$534.5MAssets
$474.3MLoans
$471.8MDeposits
$35.7MEquity
Loan mix
94%RE $404.8M6%C&I $24.2M0%Consumer $0.7MQ2 2017Q1 2019
Deposit mix
86%Interest-bearing $406.3M14%Noninterest $65.5MQ2 2017Q1 2019

Market Position · Boston-Cambridge-Newton, MA-NH · 2018 SOD (annual) · 0.1% share · #53 of 126 inst. · $0.4B of $348.3B

5.3% Rockingham
0.4% Hillsborough
0.3% Strafford

Executive Summary

  • Earnings: ROA of 0.47%, down 14 bps year over year; NIM at 2.76%.
  • Asset quality: problem loans at 0.14% of loans (-9 bps YoY), with net recoveries of 0.01%.
  • Capital: tier 1 leverage ratio of 6.68%, up 8 bps from a year ago.
  • Funding: loans stand at 100.52% of deposits as of Q1 2019.

Return on Assets (YTD, annualized)

0.47%-14 bps YoY

Net Interest Margin (YTD, annualized)

2.76%-26 bps YoY

Efficiency Ratio (YTD, annualized)

78.26%+496 bps YoY

Tier 1 Leverage Ratio

6.68%+8 bps YoY

NIM

3.61%Q1 ’174.04%Q1 ’184.09%Q1 ’19+6%-9%

Non-interest income vs. expense

2.55%Q1 ’172.48%Q1 ’182.32%Q1 ’19-8%+0%

Year to date, annualized, through each quarter.

MetricQ2 2017Q3 2017Q4 2017Q1 2018Q2 2018Q3 2018Q4 2018Q1 2019YoY ΔTrend
Earnings
Return on Assets0.34%0.42%0.41%0.61%0.51%0.47%0.50%0.47%-14 bps
Return on Equity5.08%6.27%6.28%9.60%8.11%7.51%7.88%7.06%-254 bps
Net Interest Margin2.97%2.91%2.82%3.02%2.92%2.83%2.75%2.76%-26 bps
Efficiency Ratio79.46%77.51%76.80%73.30%76.39%76.77%76.34%78.26%+496 bps
Non-Interest Burden2.31%2.20%2.11%2.12%2.16%2.11%2.04%2.12%0 bps
Growth
Asset Growth (YoY)11.30%14.68%16.03%14.76%15.29%11.51%7.20%6.38%-838 bps
Loan Growth (YoY)17.03%20.40%22.67%15.19%14.33%17.14%9.92%11.63%-356 bps
Deposit Growth (YoY)13.15%16.30%17.31%16.18%17.06%13.08%7.95%1.76%-1,442 bps
Asset Quality
Nonperforming Loans / Loans0.46%0.38%0.28%0.23%0.35%0.18%0.15%0.14%-9 bps
Net Charge-Offs / Loans0.01%0.00%0.00%0.00%0.01%0.03%0.03%-0.01%-1 bps
Allowance / Loans0.75%0.73%0.73%0.74%0.73%0.70%0.69%0.68%-5 bps
Allowance Coverage of NPLs1.6x1.9x2.6x3.2x2.1x3.9x4.4x4.8x+1.7x
Capital
Tier 1 Leverage Ratio6.95%6.84%6.66%6.60%6.64%6.56%6.64%6.68%+8 bps
Total Risk-Based Capital10.55%10.50%10.28%10.63%10.49%10.09%11.13%11.22%+58 bps
Equity / Assets6.76%6.50%6.30%6.33%6.35%6.29%6.58%6.68%+34 bps
Liquidity & Funding
Loans / Deposits95.38%91.99%91.67%91.63%93.15%95.30%93.34%100.52%+889 bps
Liquid Assets / Assets3.85%7.02%7.26%7.56%6.31%4.26%6.46%4.50%-306 bps
CRE / Total Capitaln/an/an/an/an/an/an/an/an/an/a