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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 $0.1MQ4 2011Q3 2013
Deposit mix
86%Interest-bearing $218.6M14%Noninterest $36.1MQ4 2011Q3 2013

Executive Summary

  • Earnings: ROA of 0.30%, down 132 bps year over year; NIM at 2.90%.
  • 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.

Return on Assets (YTD, annualized)

0.30%-132 bps YoY

Net Interest Margin (YTD, annualized)

2.90%+27 bps YoY

Efficiency Ratio (YTD, annualized)

81.97%+310 bps YoY

Tier 1 Leverage Ratio

n/a
n/a

NIM

4.34%Q3 ’112.82%Q3 ’123.31%Q3 ’13-9%+10%

Non-interest income vs. expense

4.21%Q3 ’114.33%Q3 ’122.63%Q3 ’13-55%+54%

Year to date, annualized, through each quarter.

MetricQ4 2011Q1 2012Q2 2012Q3 2012Q4 2012Q1 2013Q2 2013Q3 2013YoY ΔTrend
Earnings
Return on Assets-1.70%4.52%2.36%1.62%0.39%0.07%0.19%0.30%-132 bps
Return on Equity-29.14%62.08%28.62%18.36%4.28%0.66%1.82%2.95%-1,542 bps
Net Interest Margin3.04%1.88%2.42%2.62%2.67%2.93%2.91%2.90%+27 bps
Efficiency Ratio127.38%72.64%75.72%78.86%102.81%93.01%87.46%81.97%+310 bps
Non-Interest Burden4.02%-0.64%0.93%1.55%2.84%2.77%2.58%2.40%+84 bps
Growth
Asset Growth (YoY)-13.02%-6.53%-4.76%-3.19%-0.04%-4.42%-4.19%0.78%+397 bps
Loan Growth (YoY)-15.66%-19.06%-17.44%-16.73%-2.47%3.47%1.36%0.36%+1,709 bps
Deposit Growth (YoY)-13.04%-11.40%-7.92%-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%0.00%0.00%0.00%0 bps
Net Charge-Offs / Loans1.84%0.00%0.00%0.00%-0.01%0.00%0.00%0.00%0 bps
Allowance / Loans0.79%0.03%0.07%0.12%0.15%0.17%0.19%0.20%+8 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 Capital5.57%13.72%14.48%14.86%14.09%14.23%14.53%15.29%+43 bps
Equity / Assets4.72%9.76%10.20%10.66%10.21%10.26%10.17%10.07%-59 bps
Liquidity & Funding
Loans / Deposits78.37%74.27%73.10%72.44%80.91%77.75%75.40%70.49%-195 bps
Liquid Assets / Assets7.84%8.48%6.03%1.75%10.61%11.81%14.04%15.63%+1,389 bps
CRE / Total Capitaln/an/an/an/an/an/an/an/an/an/a