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Lenox Savings Bank

Lenox, MA · Cert 90223

FDIC

Q4 2001

$126.5MAssets
$96.9MLoans
$89.9MDeposits
$10.0MEquity
Loan mix
91%RE $73.1M9%C&I $7.1M0%Consumer $0.0MQ4 2000Q4 2001
Deposit mix
91%Interest-bearing $81.4M9%Noninterest $8.5MQ4 2000Q4 2001

NIM

7.08%Q1 ’016.77%Q3 ’016.68%Q4 ’01+1%+2%

Non-interest income vs. expense

2.43%Q1 ’012.55%Q3 ’012.52%Q4 ’01+7%-2%

Executive Summary

  • Earnings: ROA of 0.55%, unchanged from a year ago; NIM at 3.11%.
  • Asset quality: problem loans at 0.00% of loans (0 bps YoY), with net recoveries of 0.01%.
  • Funding: loans stand at 107.85% of deposits as of Q4 2001.

Financial Results

Return on Assets (YTD, annualized)

0.55%0 bps YoY

Net Interest Margin (YTD, annualized)

3.11%

Efficiency Ratio (YTD, annualized)

74.60%

Tier 1 Leverage Ratio

n/a

Year to date, annualized, through each quarter.

MetricQ4 2000Q1 2001Q2 2001Q3 2001Q4 2001YoY ΔTrend
Earnings
Return on Assets0.55%0.54%0.54%0.50%0.55%0 bps
Return on Equityn/an/an/an/an/an/an/a
Net Interest Marginn/a3.01%3.11%3.06%3.11%n/a
Efficiency Ration/a73.63%74.38%76.78%74.60%n/a
Non-Interest Burdenn/a2.14%2.25%2.29%2.25%n/a
Growth
Asset Growth (YoY)9.85%3.37%5.38%4.60%2.08%-777 bps
Loan Growth (YoY)13.67%6.71%4.26%-0.43%-6.35%-2,002 bps
Deposit Growth (YoY)8.00%2.01%0.03%-3.21%-9.62%-1,762 bps
Asset Quality
Nonperforming Loans / Loans0.00%0.00%0.00%0.00%0.00%0 bps
Net Charge-Offs / Loansn/a-0.08%-0.04%-0.02%-0.01%n/a
Allowance / Loansn/a0.71%0.70%0.71%0.73%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/a13.28%12.57%12.34%12.42%n/a
Equity / Assetsn/a7.66%7.52%7.52%7.88%n/a
Liquidity & Funding
Loans / Deposits104.08%107.06%107.45%104.74%107.85%+376 bps
Liquid Assets / Assets0.00%0.57%0.06%0.05%0.05%+5 bps
CRE / Total Capitaln/an/an/an/an/an/an/a