PackageTrendsPeer
Letter portraitLegal landscapeQuarterYTD

City Savings Bank

Pittsfield, MA · Cert 90265

FDIC

Q2 2011

$879.1MAssets
$588.1MLoans
$660.9MDeposits
$102.4MEquity
Loan mix
93%RE $434.2M6%C&I $30.0M1%Consumer $2.5MQ3 2009Q2 2011
Deposit mix
88%Interest-bearing $582.6M12%Noninterest $78.4MQ3 2009Q2 2011

Executive Summary

  • Earnings: ROA of 0.49%, up 105 bps year over year; NIM at 2.77%.
  • Asset quality: problem loans at 0.00% of loans (0 bps YoY), with net charge-offs at 0.14%.
  • Funding: loans stand at 88.98% of deposits as of Q2 2011.

Return on Assets (YTD, annualized)

0.49%+105 bps YoY

Net Interest Margin (YTD, annualized)

2.77%-9 bps YoY

Efficiency Ratio (YTD, annualized)

76.65%-1,211 bps YoY

Tier 1 Leverage Ratio

n/a
n/a

NIM

4.92%Q2 ’094.56%Q2 ’104.06%Q2 ’11+2%-3%

Non-interest income vs. expense

3.00%Q2 ’093.04%Q2 ’102.87%Q2 ’11+6%-21%

Year to date, annualized, through each quarter.

MetricQ3 2009Q4 2009Q1 2010Q2 2010Q3 2010Q4 2010Q1 2011Q2 2011YoY ΔTrend
Earnings
Return on Assets-0.56%-0.69%-0.54%-0.56%-0.47%-0.84%0.36%0.49%+105 bps
Return on Equity-5.54%-6.88%-5.39%-5.69%-4.83%-8.52%3.56%4.58%+1,028 bps
Net Interest Margin2.87%2.84%2.90%2.86%2.82%2.79%2.73%2.77%-9 bps
Efficiency Ratio85.42%85.41%86.86%88.76%89.82%107.46%79.62%76.65%-1,211 bps
Non-Interest Burden2.44%2.42%2.54%2.56%2.56%3.13%2.16%2.02%-54 bps
Growth
Asset Growth (YoY)3.40%0.28%-2.28%0.78%2.12%-2.28%-3.44%-6.06%-684 bps
Loan Growth (YoY)-3.86%-5.34%-7.36%-3.48%-1.73%-6.69%-7.16%-10.50%-701 bps
Deposit Growth (YoY)9.17%7.11%2.76%6.09%7.20%5.22%2.27%-2.24%-833 bps
Asset Quality
Nonperforming Loans / Loans0.00%0.00%0.00%0.00%0.00%0.00%0.00%0.00%0 bps
Net Charge-Offs / Loans0.03%0.07%3.34%2.37%2.05%2.02%0.24%0.14%-224 bps
Allowance / Loans1.32%1.67%1.25%1.44%1.43%1.45%1.44%1.47%+3 bps
Allowance Coverage of NPLsn/an/an/an/an/an/an/an/an/an/a
Capital
Tier 1 Leverage Ration/an/an/an/an/an/an/an/an/an/a
Total Risk-Based Capital13.32%12.34%12.39%11.61%11.54%11.99%12.55%14.69%+309 bps
Equity / Assets10.10%9.98%9.89%9.66%9.40%10.13%10.33%11.65%+199 bps
Liquidity & Funding
Loans / Deposits102.75%101.83%97.87%97.19%94.19%90.30%88.84%88.98%-821 bps
Liquid Assets / Assets0.03%2.04%2.53%1.65%1.30%1.34%1.21%2.81%+115 bps
CRE / Total Capitaln/an/an/an/an/an/an/an/an/an/a