Metrowest Bank

Framingham, MA · Cert 90199

FDIC

Q3 2001

$956.9MAssets

$606.5MLoans

$737.5MDeposits

$65.1MEquity

Loan mix

Deposit mix

Executive Summary

Earnings: ROA of 1.00%, down 12 bps year over year; NIM at 3.76%.
Asset quality: problem loans at 0.00% of loans (0 bps YoY), with net recoveries of 0.04%.
Funding: loans stand at 82.24% of deposits as of Q3 2001.

Return on Assets (YTD, annualized)

1.00%-12 bps YoY

Net Interest Margin (YTD, annualized)

3.76%

Efficiency Ratio (YTD, annualized)

60.81%

Tier 1 Leverage Ratio

n/a

Year to date, annualized, through each quarter.

Metric	Q4 1999	Q1 2000	Q2 2000	Q3 2000	Q4 2000	Q1 2001	Q2 2001	Q3 2001	YoY Δ	Trend
Earnings
Return on Assets	1.08%	1.09%	1.11%	1.12%	1.25%	1.14%	1.05%	1.00%	-12 bps
Return on Equity	n/a	n/a	n/a	n/a	n/a	n/a	n/a	n/a	n/a	n/a
Net Interest Margin	n/a	n/a	n/a	n/a	n/a	4.12%	3.98%	3.76%	n/a
Efficiency Ratio	n/a	n/a	n/a	n/a	n/a	57.82%	59.92%	60.81%	n/a
Non-Interest Burden	n/a	n/a	n/a	n/a	n/a	2.21%	2.22%	2.12%	n/a
Growth
Asset Growth (YoY)	10.45%	12.52%	13.14%	15.55%	15.66%	15.41%	13.20%	10.73%	-481 bps
Loan Growth (YoY)	11.43%	7.49%	6.43%	6.37%	8.68%	12.70%	13.13%	10.09%	+373 bps
Deposit Growth (YoY)	3.01%	4.22%	9.52%	16.76%	17.77%	15.17%	12.07%	8.77%	-799 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	n/a	n/a	n/a	n/a	n/a	-0.05%	-0.06%	-0.04%	n/a
Allowance / Loans	n/a	n/a	n/a	n/a	n/a	1.52%	1.49%	1.54%	n/a
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	n/a	n/a	n/a	n/a	n/a	10.65%	10.59%	10.73%	n/a
Equity / Assets	n/a	n/a	n/a	n/a	n/a	6.86%	6.84%	6.80%	n/a
Liquidity & Funding
Loans / Deposits	87.14%	83.91%	84.01%	81.25%	80.42%	82.12%	84.81%	82.24%	+99 bps
Liquid Assets / Assets	0.00%	0.00%	0.00%	0.00%	0.00%	26.57%	26.06%	27.24%	+2,724 bps
CRE / Total Capital	n/a	n/a	n/a	n/a	n/a	n/a	n/a	n/a	n/a	n/a