Peer Data for New England Banks: Q2 2020

Below you will find our compilation of peer financial information for the six-month period ended June 30, 2020. Consistent with last quarter, each New England state has its own tab and there is a final tab that consolidates all the banks in New England.

We are pleased to include a new ratio this quarter, “Operating Income to Assets,” to better compare bank core operations. This ratio does not include unrealized gains and losses on equity securities and income tax expense.

The data includes a number of key credit quality, performance, and capital adequacy ratios. We also include simple averages for each state and comparable ratios for all FDIC-insured institutions in the $100 million to $1.0 billion and $1.0 billion to $10.0 billion ranges.

The second quarter of 2020 saw margins continue to shrink for New England banks, however margins nationally seem to have stabilized. In addition, ROA and ROE returned to more normalized levels due to the rebound in the stock market that caused banks to recoup some of the significant losses incurred on equity securities during the first quarter.

Credit quality continues to be strong for New England banks with net charge-offs (6 basis points), and the non-performing loan to total loan ratio (68 basis points) below national averages.

This information is all publicly available so it can be shared with others in your bank including board members.

Click HERE for the full report.

As always, feel free to contact us with any questions.