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Howard Bank, N.A., The

Burlington, VT · Cert 6267

FDIC

Q4 2001

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: Q4 2001, the quarter ended December 31, 2001, 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

Howard Bank, N.A., The

Burlington, VT · Cert 6267

FDIC

Q4 2001

$1.1BAssets
$666.8MLoans
$831.7MDeposits
$82.9MEquity
Loan mix
45%RE $146.6M55%C&I $179.5M1%Consumer $1.8MQ4 2000Q4 2001
Deposit mix
76%Interest-bearing $631.2M24%Noninterest $200.6MQ4 2000Q4 2001

NIM

7.67%Q1 ’016.89%Q3 ’016.83%Q4 ’01-5%+3%

Non-interest income vs. expense

2.30%Q1 ’012.07%Q3 ’012.18%Q4 ’01-18%+6%

Executive Summary

  • Earnings: ROA of 1.32%, down 52 bps year over year; NIM at 4.09%.
  • Asset quality: problem loans at 0.00% of loans (0 bps YoY), with net charge-offs at 0.76%.
  • Funding: loans stand at 80.17% of deposits as of Q4 2001.

Financial Results

Return on Assets (YTD, annualized)

1.32%-52 bps YoY

Net Interest Margin (YTD, annualized)

4.09%

Efficiency Ratio (YTD, annualized)

46.19%

Tier 1 Leverage Ratio

n/a

Year to date, annualized, through each quarter.

MetricQ4 2000Q1 2001Q2 2001Q3 2001Q4 2001YoY ΔTrend
Earnings
Return on Assets1.84%1.39%1.21%1.24%1.32%-52 bps
Return on Equityn/an/an/an/an/an/an/a
Net Interest Marginn/a4.22%4.27%3.99%4.09%n/a
Efficiency Ration/a48.52%46.69%45.05%46.19%n/a
Non-Interest Burdenn/a1.78%1.68%1.46%1.55%n/a
Growth
Asset Growth (YoY)19.92%18.48%1.46%-0.60%8.66%-1,126 bps
Loan Growth (YoY)20.15%17.47%-0.38%0.83%0.35%-1,980 bps
Deposit Growth (YoY)21.35%17.26%10.82%0.24%7.49%-1,386 bps
Asset Quality
Nonperforming Loans / Loans0.00%0.00%0.00%0.00%0.00%0 bps
Net Charge-Offs / Loansn/a-0.01%0.42%0.84%0.76%n/a
Allowance / Loansn/a1.88%2.11%2.02%1.88%n/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 Capitaln/a10.73%10.73%10.84%10.23%n/a
Equity / Assetsn/a8.16%7.80%8.10%7.55%n/a
Liquidity & Funding
Loans / Deposits85.88%87.34%84.10%82.64%80.17%-571 bps
Liquid Assets / Assets0.00%0.02%0.02%0.01%0.00%0 bps
CRE / Total Capitaln/an/an/an/an/an/an/a