Q2 2021 Peer Data for New England Banks

Linked within this email is our compilation of peer financial information for the six months ended June 30, 2021. 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.

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 saw margins contract slightly in New England, with net interest margin decreasing to 3.03% at the end of the second quarter vs. 3.06% at the end of the first quarter. Nationally, net interest margins also declined compared to last quarter.

Operating Income to Total Assets, ROA, and ROE also all declined since the first quarter. Please keep in mind that the Operating Income to Total Assets ratio excludes tax-effected (at 21%) equity security gains from net income, and the ROA and ROE ratios include annualized equity security gains.

Credit quality continues to be strong for New England banks with net charge-offs (5 basis points) and non-performing loans to total loans ratios (62 basis points) at or 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.