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Cambridgeport Bank

Cambridge, MA · Cert 90172

FDIC

Q2 2003

$1.5BAssets
$833.2MLoans
$1.2BDeposits
$104.7MEquity
Loan mix
100%RE $632.0M0%C&I $2.1M0%Consumer $0.2MQ2 2002Q2 2003
Deposit mix
97%Interest-bearing $1.2B3%Noninterest $0.0BQ2 2002Q2 2003

NIM

6.95%Q2 ’016.08%Q2 ’025.28%Q2 ’03+8%-5%

Non-interest income vs. expense

2.48%Q2 ’012.15%Q2 ’021.71%Q2 ’03-8%-29%

Executive Summary

  • Earnings: ROA of 1.08%, up 15 bps year over year; NIM at 3.13%.
  • Asset quality: problem loans at 0.00% of loans (0 bps YoY), with net charge-offs at 0.00%.
  • Funding: loans stand at 68.49% of deposits as of Q2 2003.

Financial Results

Return on Assets (YTD, annualized)

1.08%+15 bps YoY

Net Interest Margin (YTD, annualized)

3.13%-18 bps YoY

Efficiency Ratio (YTD, annualized)

48.06%-1,047 bps YoY

Tier 1 Leverage Ratio

n/a

Year to date, annualized, through each quarter.

MetricQ2 2002Q3 2002Q4 2002Q1 2003Q2 2003YoY ΔTrend
Earnings
Return on Assets0.94%0.96%1.03%0.93%1.08%+15 bps
Return on Equity12.66%13.30%14.35%13.83%15.91%+325 bps
Net Interest Margin3.31%3.06%3.04%3.29%3.13%-18 bps
Efficiency Ratio58.52%57.28%55.17%48.61%48.06%-1,047 bps
Non-Interest Burden1.78%1.61%1.51%1.36%1.27%-51 bps
Growth
Asset Growth (YoY)41.91%34.76%31.05%26.64%11.41%-3,051 bps
Loan Growth (YoY)22.44%17.84%9.49%2.21%-2.85%-2,529 bps
Deposit Growth (YoY)37.72%38.44%30.52%25.00%10.24%-2,748 bps
Asset Quality
Nonperforming Loans / Loans0.00%0.00%0.00%0.00%0.00%0 bps
Net Charge-Offs / Loans-0.01%-0.01%0.00%0.00%0.00%+1 bps
Allowance / Loans1.15%1.15%1.16%1.18%1.23%+8 bps
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 Capital14.01%14.11%14.45%14.64%15.54%+153 bps
Equity / Assets6.87%6.80%6.81%6.68%6.95%+7 bps
Liquidity & Funding
Loans / Deposits77.72%74.57%73.93%70.24%68.49%-923 bps
Liquid Assets / Assets3.05%3.98%3.05%2.80%5.31%+226 bps
CRE / Total Capitaln/an/an/an/an/an/an/a