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Westborough Bank, The

Westborough, MA · Cert 90299

FDIC

Q2 2007

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: Q2 2007, the quarter ended June 30, 2007, 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 2026-10-11

Westborough Bank, The

Westborough, MA · Cert 90299

FDIC

Q2 2007

$297.1MAssets
$206.2MLoans
$213.1MDeposits
$27.0MEquity
Deposit mix
75%Interest-bearing $159.3M25%Noninterest $53.8MQ2 2006Q2 2007

NIM

4.49%Q2 ’054.78%Q2 ’065.18%Q2 ’07-15%-5%

Non-interest income vs. expense

2.91%Q2 ’052.72%Q2 ’063.02%Q2 ’07-2%+12%

Executive Summary

  • Earnings: ROA of -0.21%, down 28 bps year over year; NIM at 2.36%.
  • Asset quality: problem loans at 0.00% of loans (0 bps YoY), with net charge-offs at 0.00%.
  • Funding: loans stand at 96.77% of deposits as of Q2 2007.

Financial Results

Return on Assets (YTD, annualized)

-0.21%-28 bps YoY

Net Interest Margin (YTD, annualized)

2.36%-13 bps YoY

Efficiency Ratio (YTD, annualized)

115.15%+1,626 bps YoY

Tier 1 Leverage Ratio

n/a

Year to date, annualized, through each quarter.

MetricQ2 2006Q3 2006Q4 2006Q1 2007Q2 2007YoY ΔTrend
Earnings
Return on Assets0.08%0.06%-0.03%-0.39%-0.21%-28 bps
Return on Equity0.84%0.63%-0.27%-4.22%-2.24%-309 bps
Net Interest Margin2.49%2.51%2.46%2.39%2.36%-13 bps
Efficiency Ratio98.89%100.28%103.52%122.22%115.15%+1,626 bps
Non-Interest Burden2.46%2.52%2.55%2.98%2.76%+30 bps
Growth
Asset Growth (YoY)6.76%3.16%-0.15%-2.19%-0.66%-742 bps
Loan Growth (YoY)13.32%4.60%0.95%-0.27%-1.93%-1,525 bps
Deposit Growth (YoY)-0.51%0.41%-3.10%-4.76%-0.50%+1 bps
Asset Quality
Nonperforming Loans / Loans0.00%0.00%0.00%0.00%0.00%0 bps
Net Charge-Offs / Loans0.01%0.00%0.00%0.00%0.00%0 bps
Allowance / Loans0.37%0.37%0.38%0.40%0.42%+5 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 Capital17.47%17.78%15.06%16.36%16.30%-118 bps
Equity / Assets9.33%9.32%9.30%9.21%9.09%-24 bps
Liquidity & Funding
Loans / Deposits98.18%99.47%101.41%99.05%96.77%-141 bps
Liquid Assets / Assets0.10%0.12%0.09%0.11%0.09%-1 bps
CRE / Total Capitaln/an/an/an/an/an/an/a