Peer Analysis

Performance Ratios (%) SAL Peer Median Peer Average
ROAA 0.94 0.61 0.27
ROAE 9.44 5.17 2.14
Net Interest Margin 3.34 2.98 3.13
Efficiency Ratio 62.06 68.61 82.30
Loans / Deposits 96.97 99.43 88.54
Asset Quality Ratios (%)
NPAs / Assets 0.93 1.04 1.36
NCOs / Avg Loans 0.06 0.06 0.05
Reserves / Loans 1.17 1.18 1.19
Reserves / NPAs 103.26 86.68 77.19
Capital Ratios (%)
Tier 1 Capital NA 11.24 11.34
Tangible Equity / Tangible Assets 8.16 7.80 8.71
Total Equity / Total Assets 9.20 8.09 9.03
Market Ratios
Price / Earnings (x) 9.50 12.34 12.05
Price / Book (%) 86.44 74.87 86.78
Dividend Yield (%) 3.22 2.35 2.11
Data for trailing four quarters

Salisbury Bancorp, Inc.'s peer group consists of the following: Bankwell Financial Group, Inc. (BWFG), Carver Bancorp, Inc. (CARV), DR Bank, Evans Bancorp, Inc. (EVBN), Greene County Bancorp, Inc. (MHC) (GCBC), Katahdin Bankshares Corporation (KTHN), Lyons Bancorp, Inc. (LYBC), Patriot National Bancorp, Inc. (PNBK), Provident Bancorp, Inc. (PVBC), SI Financial Group, Inc., Western New England Bancorp, Inc. (WNEB)

Salisbury Bancorp, Inc.'s financial data is as of 6/30/2020.

Peer financial data is as of 6/30/2020 except for these companies:

Katahdin Bankshares Corporation's financial data is as of 9/30/2020.
Lyons Bancorp, Inc.'s financial data is as of 9/30/2020.
Greene County Bancorp, Inc. (MHC)'s financial data is as of 9/30/2020.
SI Financial Group, Inc.'s financial data is as of 3/31/2019.
DR Bank's financial data is as of 12/31/2018.
Provident Bancorp, Inc.'s financial data is as of 9/30/2020.