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Fourth Quarter Report, 2023

Peer Data for New England Banks

Below is our compilation of peer financial information for the year ended December 31, 2023. Consistent with past quarters, each New England state has its own tab, and there is a final tab that consolidates all the banks in New England.

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.

For community banks nationally:

  • Net income for the year was lower than 2022, consistent with prior quarter trends.
  • The net interest margin was unchanged from the prior quarter.
  • Unrealized losses on securities decreased from the prior quarter.
  • Loan growth remained positive and was broad-based across loan categories, with strongest growth in residential and commercial real estate loans.

In New England, for the 12-month period in 2023 as compared to the 9-month period in 2023:

  • Net interest margins declined slightly again.
  • Net loan charge-offs were stable and lower than national averages.
  • Non-performing loans to total loans were stable and remain lower than 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. 

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