PackageTrendsPeer
Letter portraitLegal landscapeQuarterYTD

Metrowest Bank

Framingham, MA · Cert 90199

FDIC

Q3 2001

$956.9MAssets
$606.5MLoans
$737.5MDeposits
$65.1MEquity
Loan mix
85%RE $233.8M13%C&I $35.9M1%Consumer $3.8MQ3 2000Q3 2001
Deposit mix
89%Interest-bearing $656.5M11%Noninterest $81.0MQ3 2000Q3 2001

NIM

7.65%Q1 ’017.31%Q2 ’016.79%Q3 ’01-4%-8%

Non-interest income vs. expense

2.61%Q1 ’012.71%Q2 ’012.54%Q3 ’01+3%-8%

Executive Summary

  • Earnings: ROA of 0.89%, down 23 bps year over year; NIM at 3.61%.
  • Asset quality: problem loans at 0.00% of loans (0 bps YoY), with net recoveries of 0.02%.
  • Funding: loans stand at 82.24% of deposits as of Q3 2001.

Financial Results

Return on Assets (quarter, annualized)

0.89%-23 bps YoY

Net Interest Margin (quarter, annualized)

3.61%

Efficiency Ratio (quarter, annualized)

62.65%

Tier 1 Leverage Ratio

n/a

Discrete quarter, annualized.

MetricQ3 2000Q4 2000Q1 2001Q2 2001Q3 2001YoY ΔTrend
Earnings
Return on Assets1.12%1.25%1.14%0.97%0.89%-23 bps
Return on Equityn/an/an/a14.09%13.09%n/a
Net Interest Marginn/an/a4.12%3.93%3.61%n/a
Efficiency Ration/an/a57.82%62.04%62.65%n/a
Non-Interest Burdenn/an/a2.21%2.27%2.10%n/a
Growth
Asset Growth (YoY)15.55%15.66%15.41%13.20%10.73%-481 bps
Loan Growth (YoY)6.37%8.68%12.70%13.13%10.09%+373 bps
Deposit Growth (YoY)16.76%17.77%15.17%12.07%8.77%-799 bps
Asset Quality
Nonperforming Loans / Loans0.00%0.00%0.00%0.00%0.00%0 bps
Net Charge-Offs / Loansn/an/a-0.05%-0.06%-0.02%n/a
Allowance / Loansn/an/a1.52%1.49%1.54%n/a
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 Capitaln/an/a10.65%10.59%10.73%n/a
Equity / Assetsn/an/a6.86%6.84%6.80%n/a
Liquidity & Funding
Loans / Deposits81.25%80.42%82.12%84.81%82.24%+99 bps
Liquid Assets / Assets0.00%0.00%26.57%26.06%27.24%+2,724 bps
CRE / Total Capitaln/an/an/an/an/an/an/a