Westfield, MA · Cert 90301
FDIC
Q1 2005
Board Package
Performance Trends and Peer Comparison
Quarter: Q1 2005, the quarter ended March 31, 2005, on both parts.
Income statement: year to date as filed, annualized, on both parts.
Balance sheet: as filed at quarter end.
No peer standings are published for this institution and quarter.
Peer groups below the disclosure floor are suppressed.
Westfield, MA · Cert 90301
FDIC
Q1 2005
Return on Assets (YTD, annualized)
Net Interest Margin (YTD, annualized)
Efficiency Ratio (YTD, annualized)
Tier 1 Leverage Ratio
Year to date, annualized, through each quarter.
| Metric | Q2 2003 | Q3 2003 | Q4 2003 | Q1 2004 | Q2 2004 | Q3 2004 | Q4 2004 | Q1 2005 | YoY Δ | Trend |
|---|---|---|---|---|---|---|---|---|---|---|
| Earnings | ||||||||||
| Return on Assets | 0.94% | 0.85% | 0.84% | 0.74% | 0.70% | 0.69% | 0.49% | 0.74% | 0 bps | |
| Return on Equity | 10.49% | 9.69% | 9.68% | 8.66% | 8.44% | 8.32% | 5.91% | 9.21% | +55 bps | |
| Net Interest Margin | 2.56% | 2.44% | 2.45% | 2.58% | 2.42% | 2.34% | 2.31% | 2.32% | -26 bps | |
| Efficiency Ratio | 65.22% | 67.10% | 66.58% | 65.78% | 66.98% | 67.43% | 79.97% | 65.39% | -39 bps | |
| Non-Interest Burden | 1.32% | 1.36% | 1.35% | 1.42% | 1.38% | 1.35% | 1.71% | 1.28% | -15 bps | |
| Growth | ||||||||||
| Asset Growth (YoY) | 12.87% | 11.06% | 12.82% | 13.62% | 10.11% | 12.70% | 15.41% | 10.52% | -310 bps | |
| Loan Growth (YoY) | 4.79% | 3.51% | 5.89% | 14.86% | 20.74% | 21.30% | 22.62% | 14.62% | -24 bps | |
| Deposit Growth (YoY) | 9.07% | 11.77% | 14.13% | 4.56% | 6.94% | 10.82% | 13.31% | 7.28% | +272 bps | |
| Asset Quality | ||||||||||
| Nonperforming Loans / Loans | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0 bps | |
| Net Charge-Offs / Loans | 0.00% | 0.01% | 0.01% | -0.04% | -0.01% | -0.01% | 0.00% | 0.01% | +6 bps | |
| Allowance / Loans | 0.67% | 0.65% | 0.65% | 0.64% | 0.60% | 0.60% | 0.59% | 0.58% | -6 bps | |
| Allowance Coverage of NPLs | n/a | n/a | n/a | n/a | n/a | n/a | n/a | n/a | n/a | n/a |
| Capital | ||||||||||
| Tier 1 Leverage Ratio | n/a | n/a | n/a | n/a | n/a | n/a | n/a | n/a | n/a | n/a |
| Total Risk-Based Capital | 12.81% | 13.08% | 13.55% | 13.52% | 13.15% | 12.97% | 12.95% | 13.37% | -15 bps | |
| Equity / Assets | 8.11% | 8.21% | 8.48% | 8.60% | 7.87% | 8.13% | 8.01% | 8.10% | -50 bps | |
| Liquidity & Funding | ||||||||||
| Loans / Deposits | 113.27% | 116.56% | 116.88% | 129.12% | 127.89% | 127.59% | 126.48% | 137.96% | +884 bps | |
| Liquid Assets / Assets | 0.47% | 0.17% | 0.06% | 0.05% | 0.05% | 0.05% | 0.05% | 0.05% | 0 bps | |
| CRE / Total Capital | n/a | n/a | n/a | n/a | n/a | n/a | n/a | n/a | n/a | n/a |