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Barre Savings Bank

Barre, MA · Cert 90148

FDIC · 3 branches

Q1 2016

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: Q1 2016, the quarter ended March 31, 2016, 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

Barre Savings Bank

Barre, MA · Cert 90148

FDIC · 3 branches

Q1 2016

$153.3MAssets
$116.4MLoans
$125.5MDeposits
$12.3MEquity
Loan mix
93%RE $105.1M6%C&I $6.3M2%Consumer $1.7MQ1 2015Q1 2016
Deposit mix
89%Interest-bearing $112.0M11%Noninterest $13.5MQ1 2015Q1 2016

NIM

3.47%Q1 ’143.56%Q1 ’153.71%Q1 ’16+7%+5%

Non-interest income vs. expense

2.82%Q1 ’143.11%Q1 ’1514.03%Q1 ’16+20%+412%

Market Position · Worcester, MA-CT · 2015 SOD (annual) · 0.7% share · #33 of 43 inst. · $0.1B of $16.2B

Executive Summary

  • Earnings: ROA of -8.12%, down 851 bps year over year; NIM at 3.19%.
  • Asset quality: problem loans at 0.00% of loans (0 bps YoY), with net charge-offs at 0.00%.
  • Capital: tier 1 leverage ratio of 7.49%, down 197 bps from a year ago.
  • Funding: loans stand at 92.74% of deposits as of Q1 2016.

Financial Results

Return on Assets (YTD, annualized)

-8.12%-851 bps YoY

Net Interest Margin (YTD, annualized)

3.19%+15 bps YoY

Efficiency Ratio (YTD, annualized)

400%+31,054 bps YoY

Tier 1 Leverage Ratio

7.49%-197 bps YoY

Year to date, annualized, through each quarter.

MetricQ1 2015Q2 2015Q3 2015Q4 2015Q1 2016YoY ΔTrend
Earnings
Return on Assets0.39%10.36%0.33%0.46%-8.12%-851 bps
Return on Equity4.01%3.74%3.37%4.73%-89.47%-9,348 bps
Net Interest Margin3.04%3.03%3.12%3.15%3.19%+15 bps
Efficiency Ratio89.77%88.91%89.12%86.09%400%+31,054 bps
Non-Interest Burden2.68%2.65%2.73%2.63%13.70%+1,102 bps
Growth
Asset Growth (YoY)-2.28%-0.57%-0.26%-1.42%1.21%+349 bps
Loan Growth (YoY)-3.40%-0.13%0.52%-0.63%-1.57%+183 bps
Deposit Growth (YoY)2.45%1.66%7.36%3.74%5.98%+353 bps
Asset Quality
Nonperforming Loans / Loans0.00%0.00%0.00%0.00%0.00%0 bps
Net Charge-Offs / Loans-0.27%-0.14%-0.10%0.06%0.00%+27 bps
Allowance / Loans1.27%1.30%1.34%1.21%1.22%-5 bps
Allowance Coverage of NPLsn/an/an/an/an/an/an/a
Capital
Tier 1 Leverage Ratio9.46%9.26%9.52%9.78%7.49%-197 bps
Total Risk-Based Capital14.81%14.85%15.01%15.23%11.96%-285 bps
Equity / Assets9.80%9.67%9.75%10.14%8.03%-176 bps
Liquidity & Funding
Loans / Deposits99.85%98.00%94.72%97.86%92.74%-711 bps
Liquid Assets / Assets1.48%2.83%3.82%2.69%5.23%+375 bps
CRE / Total Capitaln/an/an/an/an/an/an/a