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Peer Data for New England Banks Q1 2019 

Below you will find our compilation of peer financial information for the three-month period ended March 31, 2019. Consistent with last quarter, each New England state has its own tab and there is a final tab that consolidates all of 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 range.

Comparing New England banks to all FDIC-insured institutions, consistent with recent trends, margins in New England continue to lag behind the rest of the country, impacting profitability and efficiency ratios.

Credit quality continues to be outstanding with net charge-offs (6 basis points), and the non-performing loan to total loan ratio (63 basis points) below national averages.

You will notice a couple of unusual items/trends this quarter as follows:

  • There are some banks that have elevated ratios for return-on-assets (ROA) and return-on-equity (ROE). We believe that this is due to unrealized gains on marketable equity securities for mutually-owned banks being included in earnings for the first time in accordance with ASU 2016-01.
  • There was an uptick in cost of funds across all New England states. Cost of funds averaged 95 basis points in Q1 2019 compared to 64 basis points in the same period of 2018, causing margins in Q1 to decrease compared to the same period in 2018.

 

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

 

Fill out the form below to download the peer financial information for New England banks for Q1 of 2019. 

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