Essex Agricultural

Hathorne, MA · Charter 67745

Q2 1997

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 1997, the quarter ended June 30, 1997, 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.

Hathorne, MA · Charter 67745

Q2 1997

$392KAssets

$190KLoans

$340KShares

n/aNet Worth

Return on Assets (YTD, annualized)

4.63%-37 bps YoY

Net Interest Margin (YTD, annualized)

n/a

Efficiency Ratio (YTD, annualized)

n/a

Net Worth / Assets

n/a

Year to date, annualized, through each quarter.

Metric	Q2 1994	Q4 1994	Q2 1995	Q4 1995	Q2 1996	Q4 1996	Q2 1997	YoY Δ	Trend
Earnings
Return on Assets	3.63%	3.67%	5.00%	5.26%	4.48%	4.61%	4.63%	-37 bps
Return on Equity	n/a	n/a	n/a	n/a	n/a	n/a	n/a	n/a	n/a
Net Interest Margin	n/a	n/a	n/a	n/a	n/a	n/a	n/a	n/a	n/a
Efficiency Ratio	n/a	n/a	n/a	n/a	n/a	n/a	n/a	n/a	n/a
Growth
Asset Growth (YoY)	n/a	n/a	n/a	n/a	10.62%	17.98%	29.43%	n/a
Loan Growth (YoY)	n/a	n/a	n/a	n/a	118.60%	135.32%	61.62%	n/a
Share Growth (YoY)	n/a	n/a	n/a	n/a	8.42%	16.58%	30.70%	n/a
Asset Quality
Delinquent Loans / Loans	3.21%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0 bps
Net Charge-Offs / Loans	n/a	n/a	n/a	n/a	n/a	n/a	n/a	n/a	n/a
Allowance / Loans	6.56%	2.98%	1.89%	1.62%	1.34%	1.27%	1.26%	-64 bps
Capital
Risk-Based Capital	n/a	n/a	n/a	n/a	n/a	n/a	n/a	n/a	n/a
Net Worth / Assets	n/a	n/a	n/a	n/a	n/a	n/a	n/a	n/a	n/a
Liquidity & Funding
Loans / Shares	29.22%	27.44%	45.14%	54.78%	58.91%	55.39%	55.82%	+1,068 bps
Liquid Assets / Assets	61.28%	56.28%	53.80%	0.00%	44.80%	35.77%	48.50%	-531 bps