PackageTrendsPeer
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Fairfield County Savings Bank

Norwalk, CT · Cert 18201

FDIC

Q4 2003

Board Package

Performance Trends and Peer Comparison

Part 1Performance Trends, own institution only2
Part 2Peer Comparison, not published for this institution and quartern/a

Basis

Quarter: Q4 2003, the quarter ended December 31, 2003, on both parts.

Income statement: year to date as filed, annualized, on both parts.

Balance sheet: as filed at quarter end.

Peer group

No peer standings are published for this institution and quarter.

Peer groups below the disclosure floor are suppressed.

Source: FFIEC Call Report (031/041/051), as filed. Dollar figures derived from reported amounts in thousands. Ratios computed by CallReports.ai using published regulatory formulas.

CallReports · callreports.ai · Board PackageGenerated 2026-10-11

Fairfield County Savings Bank

Norwalk, CT · Cert 18201

FDIC

Q4 2003

$365.0MAssets
$201.7MLoans
$270.7MDeposits
$33.0MEquity
Deposit mix
91%Interest-bearing $247.4M9%Noninterest $23.4MQ4 2002Q4 2003

NIM

6.32%Q4 ’015.19%Q4 ’024.37%Q4 ’03+7%-12%

Non-interest income vs. expense

2.45%Q4 ’012.30%Q4 ’022.48%Q4 ’03-9%+15%

Executive Summary

  • Earnings: ROA of 0.50%, down 42 bps year over year; NIM at 2.85%.
  • Asset quality: problem loans at 0.00% of loans (0 bps YoY), with net charge-offs at 0.01%.
  • Funding: loans stand at 74.51% of deposits as of Q4 2003.

Financial Results

Return on Assets (YTD, annualized)

0.50%-42 bps YoY

Net Interest Margin (YTD, annualized)

2.85%-39 bps YoY

Efficiency Ratio (YTD, annualized)

78.30%+1,526 bps YoY

Tier 1 Leverage Ratio

n/a

Year to date, annualized, through each quarter.

MetricQ4 2002Q1 2003Q2 2003Q3 2003Q4 2003YoY ΔTrend
Earnings
Return on Assets0.91%0.76%0.87%0.74%0.50%-42 bps
Return on Equity10.39%8.46%9.55%8.19%5.48%-491 bps
Net Interest Margin3.23%3.19%3.12%2.98%2.85%-39 bps
Efficiency Ratio63.04%66.25%63.74%67.92%78.30%+1,526 bps
Non-Interest Burden1.88%2.00%1.83%1.93%2.16%+28 bps
Growth
Asset Growth (YoY)12.33%11.29%9.00%11.01%6.37%-596 bps
Loan Growth (YoY)2.72%12.27%7.39%16.24%6.44%+372 bps
Deposit Growth (YoY)6.63%7.08%3.91%-0.32%1.37%-525 bps
Asset Quality
Nonperforming Loans / Loans0.00%0.00%0.00%0.00%0.00%0 bps
Net Charge-Offs / Loans-0.01%0.04%0.02%0.01%0.01%+2 bps
Allowance / Loans1.00%0.94%0.96%0.93%0.93%-7 bps
Allowance Coverage of NPLsn/an/an/an/an/an/an/a
Capital
Tier 1 Leverage Ration/an/an/an/an/an/an/a
Total Risk-Based Capital18.18%19.02%19.41%19.87%21.11%+293 bps
Equity / Assets8.93%9.04%9.29%8.87%9.04%+11 bps
Liquidity & Funding
Loans / Deposits70.96%72.10%70.67%76.53%74.51%+355 bps
Liquid Assets / Assets0.18%0.99%2.70%7.44%7.27%+709 bps
CRE / Total Capitaln/an/an/an/an/an/an/a