Cambridge, MA · Cert 8152
FDIC · 24 branches
Q2 2024
Market Position · Boston-Cambridge-Newton, MA-NH · 2024 SOD (annual) · 0.8% share · #13 of 108 inst. · $4.0B of $496.2B
Return on Assets (YTD, annualized)
Net Interest Margin (YTD, annualized)
Efficiency Ratio (YTD, annualized)
Tier 1 Leverage Ratio
Year to date, annualized, through each quarter.
| Metric | Q3 2022 | Q4 2022 | Q1 2023 | Q2 2023 | Q3 2023 | Q4 2023 | Q1 2024 | Q2 2024 | YoY Δ | Trend |
|---|---|---|---|---|---|---|---|---|---|---|
| Earnings | ||||||||||
| Return on Assets | 1.11% | 1.03% | 0.90% | 0.71% | 0.63% | 0.62% | 0.51% | 0.49% | -22 bps | |
| Return on Equity | 13.04% | 12.02% | 9.89% | 7.77% | 6.92% | 6.77% | 5.38% | 5.08% | -269 bps | |
| Net Interest Margin | 2.70% | 2.62% | 2.50% | 2.35% | 2.29% | 2.24% | 2.03% | 2.01% | -34 bps | |
| Efficiency Ratio | 57.76% | 58.93% | 62.45% | 68.62% | 70.62% | 70.24% | 74.42% | 72.44% | +382 bps | |
| Non-Interest Burden | 1.19% | 1.21% | 1.27% | 1.38% | 1.39% | 1.34% | 1.31% | 1.24% | -14 bps | |
| Growth | ||||||||||
| Asset Growth (YoY) | 14.72% | 13.66% | 10.17% | 8.53% | 6.00% | -2.56% | -2.80% | -2.98% | -1,152 bps | |
| Loan Growth (YoY) | 9.93% | 22.35% | 17.55% | 14.24% | 11.02% | -1.02% | -0.58% | -1.50% | -1,574 bps | |
| Deposit Growth (YoY) | 9.06% | 11.28% | 4.20% | 4.30% | 6.75% | -10.12% | -10.07% | -9.44% | -1,374 bps | |
| Asset Quality | ||||||||||
| Nonperforming Loans / Loans | 0.18% | 0.16% | 0.18% | 0.18% | 0.19% | 0.41% | 0.43% | 0.21% | +3 bps | |
| Net Charge-Offs / Loans | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.34% | +34 bps | |
| Allowance / Loans | 0.96% | 0.93% | 0.95% | 0.95% | 0.95% | 0.97% | 0.98% | 0.90% | -4 bps | |
| Allowance Coverage of NPLs | 5.4x | 5.8x | 5.2x | 5.3x | 4.9x | 2.4x | 2.3x | 4.2x | -1.1x | |
| Capital | ||||||||||
| Tier 1 Leverage Ratio | 7.87% | 8.21% | 8.22% | 8.34% | 8.43% | 8.50% | 8.64% | 8.71% | +37 bps | |
| Total Risk-Based Capital | 12.90% | 13.09% | 13.29% | 13.51% | 13.60% | 13.55% | 13.86% | 14.01% | +50 bps | |
| Equity / Assets | 8.36% | 9.02% | 9.13% | 9.21% | 9.25% | 9.47% | 9.57% | 9.68% | +47 bps | |
| Liquidity & Funding | ||||||||||
| Loans / Deposits | 84.44% | 84.10% | 85.90% | 90.17% | 87.82% | 92.61% | 94.96% | 98.08% | +790 bps | |
| Liquid Assets / Assets | 20.90% | 19.02% | 19.43% | 18.45% | 18.09% | 17.80% | 17.64% | 17.36% | -109 bps | |
| CRE / Total Capital | n/a | n/a | n/a | n/a | n/a | n/a | n/a | n/a | n/a | n/a |