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Granite Savings Bank

Rockport, MA · Cert 90273

FDIC · 1 branch

Q4 2014

Board Package

Performance Trends and Peer Comparison

Part 1Performance Trends, own institution only2
Part 2Peer Comparison, not published for this institution and quartern/a

Basis

Quarter: Q4 2014, the quarter ended December 31, 2014, on both parts.

Income statement: year to date as filed, annualized, on both parts.

Balance sheet: as filed at quarter end.

Peer group

No peer standings are published for this institution and quarter.

Peer groups below the disclosure floor are suppressed.

Source: FFIEC Call Report (031/041/051), as filed. Dollar figures derived from reported amounts in thousands. Ratios computed by CallReports.ai using published regulatory formulas.

CallReports · callreports.ai · Board PackageGenerated 2026-10-10

Granite Savings Bank

Rockport, MA · Cert 90273

FDIC · 1 branch

Q4 2014

$65.0MAssets
$31.0MLoans
$55.8MDeposits
$8.8MEquity
Loan mix
99%RE $25.1M0%C&I $0.0M1%Consumer $0.3MQ4 2013Q4 2014
Deposit mix
93%Interest-bearing $51.9M7%Noninterest $4.0MQ4 2013Q4 2014

NIM

3.23%Q4 ’122.84%Q4 ’132.55%Q4 ’14-11%-11%

Non-interest income vs. expense

3.11%Q4 ’123.22%Q4 ’133.98%Q4 ’14+3%+32%

Market Position · Boston-Cambridge-Newton, MA-NH · 2014 SOD (annual) · 0.0% share · #118 of 145 inst. · $0.1B of $305.8B

Executive Summary

  • Earnings: ROA of -1.01%, down 104 bps year over year; NIM at 2.04%.
  • Asset quality: problem loans at 0.00% of loans (0 bps YoY), with net charge-offs at 0.00%.
  • Funding: loans stand at 55.53% of deposits as of Q4 2014.

Financial Results

Return on Assets (YTD, annualized)

-1.01%-104 bps YoY

Net Interest Margin (YTD, annualized)

2.04%-25 bps YoY

Efficiency Ratio (YTD, annualized)

165.75%+4,937 bps YoY

Tier 1 Leverage Ratio

n/a

Year to date, annualized, through each quarter.

MetricQ4 2013Q1 2014Q2 2014Q3 2014Q4 2014YoY ΔTrend
Earnings
Return on Assets0.03%1-0.40%-0.37%-0.82%-1.01%-104 bps
Return on Equity0.21%-2.86%-2.60%-5.80%-7.20%-741 bps
Net Interest Margin2.29%2.20%1.89%1.94%2.04%-25 bps
Efficiency Ratio116.38%128.94%141.22%136.11%165.75%+4,937 bps
Non-Interest Burden2.75%2.91%2.82%2.78%3.62%+88 bps
Growth
Asset Growth (YoY)-5.30%-0.44%-3.60%-2.80%-5.37%-7 bps
Loan Growth (YoY)0.46%0.69%-13.51%-20.53%-23.61%-2,407 bps
Deposit Growth (YoY)-8.74%-2.35%-0.93%1.27%4.08%+1,281 bps
Asset Quality
Nonperforming Loans / Loans0.00%0.00%0.00%0.00%0.00%0 bps
Net Charge-Offs / Loans0.00%0.00%0.00%0.00%0.00%0 bps
Allowance / Loans1.48%1.49%1.61%1.85%1.94%+46 bps
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 Capital21.55%21.22%22.39%24.23%25.90%+435 bps
Equity / Assets14.30%13.95%14.00%14.10%13.50%-79 bps
Liquidity & Funding
Loans / Deposits75.65%72.73%66.65%59.72%55.53%-2,012 bps
Liquid Assets / Assets0.04%3.48%6.03%16.76%23.36%+2,332 bps
CRE / Total Capitaln/an/an/an/an/an/an/a