Danvers, MA · Cert 90185
FDIC
Q2 2011
Board Package
Performance Trends and Peer Comparison
Quarter: Q2 2011, the quarter ended June 30, 2011, 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.
Danvers, MA · Cert 90185
FDIC
Q2 2011
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 2009 | Q4 2009 | Q1 2010 | Q2 2010 | Q3 2010 | Q4 2010 | Q1 2011 | Q2 2011 | YoY Δ | Trend |
|---|---|---|---|---|---|---|---|---|---|---|
| Earnings | ||||||||||
| Return on Assets | 0.33% | 0.37% | 0.82% | 0.86% | 0.83% | 0.82% | 0.57% | 0.05%1 | -81 bps | |
| Return on Equity | 3.26% | 3.74% | 8.75% | 9.24% | 8.97% | 9.13% | 6.72% | 0.63% | -861 bps | |
| Net Interest Margin | 2.90% | 2.95% | 3.73% | 3.39% | 3.28% | 3.16% | 3.29% | 3.39% | 0 bps | |
| Efficiency Ratio | 79.87% | 79.19% | 68.33% | 67.11% | 67.37% | 66.25% | 75.61% | 89.25% | +2,214 bps | |
| Non-Interest Burden | 2.25% | 2.27% | 2.50% | 2.22% | 2.16% | 2.02% | 2.45% | 3.05% | +83 bps | |
| Growth | ||||||||||
| Asset Growth (YoY) | 18.24% | 11.62% | 40.93% | 39.56% | 38.72% | 47.23% | 12.61% | 2.72% | -3,684 bps | |
| Loan Growth (YoY) | 15.92% | 21.38% | 44.24% | 38.83% | 40.14% | 31.47% | 7.93% | 13.28% | -2,555 bps | |
| Deposit Growth (YoY) | 19.52% | 17.93% | 52.21% | 47.31% | 46.88% | 53.55% | 11.60% | 3.92% | -4,339 bps | |
| Asset Quality | ||||||||||
| Nonperforming Loans / Loans | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0 bps | |
| Net Charge-Offs / Loans | 0.17% | 0.19% | 0.09% | 0.12% | 0.12% | 0.11% | 0.04% | 0.24% | +12 bps | |
| Allowance / Loans | 1.11% | 1.08% | 0.93% | 0.98% | 0.95% | 1.00% | 1.06% | 0.99% | 0 bps | |
| Allowance Coverage of NPLs | n/a | n/a | n/a | n/a | n/a | n/a | n/a | n/a | n/a | n/a |
| Capital | ||||||||||
| Tier 1 Leverage Ratio | n/a | n/a | n/a | n/a | n/a | n/a | n/a | n/a | n/a | n/a |
| Total Risk-Based Capital | 14.04% | 13.34% | 11.33% | 11.69% | 11.43% | 11.38% | 11.67% | 11.67% | -3 bps | |
| Equity / Assets | 9.74% | 9.57% | 9.16% | 9.23% | 9.07% | 8.25% | 8.58% | 9.12% | -11 bps | |
| Liquidity & Funding | ||||||||||
| Loans / Deposits | 87.21% | 96.97% | 85.71% | 82.57% | 83.21% | 83.03% | 82.89% | 90.01% | +744 bps | |
| Liquid Assets / Assets | 2.06% | 2.03% | 5.69% | 6.24% | 6.97% | 5.74% | 5.57% | 18.25% | +1,201 bps | |
| CRE / Total Capital | n/a | n/a | n/a | n/a | n/a | n/a | n/a | n/a | n/a | n/a |