PackageTrendsPeer
Letter portraitLegal landscapeQuarterYTD

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 ’016.66%Q3 ’016.12%Q4 ’01-5%+2%

Non-interest income vs. expense

2.30%Q1 ’011.99%Q3 ’012.34%Q4 ’01-30%+36%

Executive Summary

  • Earnings: ROA of 1.55%, down 29 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 0.49%.
  • Funding: loans stand at 80.17% of deposits as of Q4 2001.

Financial Results

Return on Assets (quarter, annualized)

1.55%-29 bps YoY

Net Interest Margin (quarter, annualized)

4.09%

Efficiency Ratio (quarter, annualized)

49.58%

Tier 1 Leverage Ratio

n/a

Discrete quarter, annualized.

MetricQ4 2000Q1 2001Q2 2001Q3 2001Q4 2001YoY ΔTrend
Earnings
Return on Assets1.84%1.39%1.03%1.31%1.55%-29 bps
Return on Equityn/an/a12.84%16.47%19.88%n/a
Net Interest Marginn/a4.22%4.26%4.01%4.09%n/a
Efficiency Ration/a48.52%44.90%41.93%49.58%n/a
Non-Interest Burdenn/a1.78%1.56%1.25%1.71%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%0.85%1.70%0.49%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