Lowell Electric Light Employees

Haverhill, MA · Charter 67986

Q4 1999

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 1999, the quarter ended December 31, 1999, 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.

Haverhill, MA · Charter 67986

Q4 1999

$2.7MAssets

$1.4MLoans

$2.3MShares

n/aNet Worth

Return on Assets (YTD, annualized)

0.51%-392 bps YoY

Net Interest Margin (YTD, annualized)

3.32%

n/a

Efficiency Ratio (YTD, annualized)

85.57%

n/a

Net Worth / Assets

n/a

Year to date, annualized, through each quarter.

Metric	Q2 1996	Q4 1996	Q2 1997	Q4 1997	Q2 1998	Q4 1998	Q2 1999	Q4 1999	YoY Δ	Trend
Earnings
Return on Assets	4.72%	4.51%	4.02%	4.43%	3.78%	4.22%	4.06%	0.51%	-392 bps
Return on Equity	n/a	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	3.32%	n/a	n/a
Efficiency Ratio	n/a	n/a	n/a	n/a	n/a	n/a	n/a	85.57%	n/a	n/a
Growth
Asset Growth (YoY)	-9.63%	-1.40%	3.63%	-1.84%	-4.76%	-9.33%	-7.29%	-3.66%	-181 bps
Loan Growth (YoY)	16.66%	20.99%	34.68%	35.77%	18.89%	1.02%	-18.81%	-16.61%	-5,238 bps
Share Growth (YoY)	-12.05%	-6.74%	-1.26%	-7.54%	-6.83%	-12.05%	-9.84%	-5.80%	+173 bps
Asset Quality
Delinquent Loans / Loans	1.37%	1.11%	0.13%	0.00%	0.00%	0.25%	0.29%	0.44%	+44 bps
Net Charge-Offs / Loans	n/a	n/a	n/a	n/a	n/a	n/a	n/a	n/a	n/a	n/a
Allowance / Loans	1.59%	1.58%	1.38%	1.66%	1.68%	1.90%	2.07%	2.09%	+43 bps
Capital
Risk-Based Capital	n/a	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	n/a
Liquidity & Funding
Loans / Shares	53.05%	56.85%	65.97%	69.96%	67.69%	65.30%	59.40%	61.93%	-803 bps
Liquid Assets / Assets	40.27%	21.24%	18.38%	22.45%	22.60%	26.11%	34.06%	15.22%	-723 bps