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Stoneham Savings Bank

Stoneham, MA · Cert 90286

FDIC

Q3 2013

$328.4MAssets
$179.5MLoans
$254.6MDeposits
$33.1MEquity
Loan mix
97%RE $140.7M3%C&I $4.3M0%Consumer $0.1MQ3 2012Q3 2013
Deposit mix
86%Interest-bearing $218.6M14%Noninterest $36.1MQ3 2012Q3 2013

NIM

4.20%Q3 ’113.12%Q3 ’123.31%Q3 ’13+0%-3%

Non-interest income vs. expense

4.23%Q3 ’113.01%Q3 ’122.26%Q3 ’13-14%-27%

Executive Summary

  • Earnings: ROA of 0.53%, up 42 bps year over year; NIM at 2.87%.
  • Asset quality: problem loans at 0.00% of loans (0 bps YoY), with net charge-offs at 0.00%.
  • Funding: loans stand at 70.49% of deposits as of Q3 2013.

Financial Results

Return on Assets (quarter, annualized)

0.53%+42 bps YoY

Net Interest Margin (quarter, annualized)

2.87%-8 bps YoY

Efficiency Ratio (quarter, annualized)

70.81%-2,085 bps YoY

Tier 1 Leverage Ratio

n/a

Discrete quarter, annualized.

MetricQ3 2012Q4 2012Q1 2013Q2 2013Q3 2013YoY ΔTrend
Earnings
Return on Assets0.11%1-3.37%0.07%0.30%0.53%+42 bps
Return on Equity1.06%-32.31%0.66%2.98%5.27%+421 bps
Net Interest Margin2.95%2.85%2.93%2.89%2.87%-8 bps
Efficiency Ratio91.66%1740%93.01%81.83%70.81%-2,085 bps
Non-Interest Burden2.76%6.74%2.77%2.39%2.03%-73 bps
Growth
Asset Growth (YoY)-3.19%-0.04%-4.42%-4.19%0.78%+397 bps
Loan Growth (YoY)-16.73%-2.47%3.47%1.36%0.36%+1,709 bps
Deposit Growth (YoY)-4.22%-5.54%-1.15%-1.73%3.14%+736 bps
Asset Quality
Nonperforming Loans / Loans0.00%0.00%0.00%0.00%0.00%0 bps
Net Charge-Offs / Loans0.00%-0.02%0.00%0.00%0.00%0 bps
Allowance / Loans0.12%0.15%0.17%0.19%0.20%+8 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 Capital14.86%14.09%14.23%14.53%15.29%+43 bps
Equity / Assets10.66%10.21%10.26%10.17%10.07%-59 bps
Liquidity & Funding
Loans / Deposits72.44%80.91%77.75%75.40%70.49%-195 bps
Liquid Assets / Assets1.75%10.61%11.81%14.04%15.63%+1,389 bps
CRE / Total Capitaln/an/an/an/an/an/an/a