Norwalk, CT · Cert 18201
FDIC
Q4 2003
Board Package
Performance Trends and Peer Comparison
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.
No peer standings are published for this institution and quarter.
Peer groups below the disclosure floor are suppressed.
Norwalk, CT · Cert 18201
FDIC
Q4 2003
Return on Assets (YTD, annualized)
Net Interest Margin (YTD, annualized)
Efficiency Ratio (YTD, annualized)
Tier 1 Leverage Ratio
Year to date, annualized, through each quarter.
| Metric | Q1 2002 | Q2 2002 | Q3 2002 | Q4 2002 | Q1 2003 | Q2 2003 | Q3 2003 | Q4 2003 | YoY Δ | Trend |
|---|---|---|---|---|---|---|---|---|---|---|
| Earnings | ||||||||||
| Return on Assets | 0.77% | 0.86% | 0.94% | 0.91% | 0.76% | 0.87% | 0.74% | 0.50% | -42 bps | |
| Return on Equity | 8.91% | 9.85% | 10.75% | 10.39% | 8.46% | 9.55% | 8.19% | 5.48% | -491 bps | |
| Net Interest Margin | 3.33% | 3.34% | 3.32% | 3.23% | 3.19% | 3.12% | 2.98% | 2.85% | -39 bps | |
| Efficiency Ratio | 67.91% | 62.52% | 62.32% | 63.04% | 66.25% | 63.74% | 67.92% | 78.30% | +1,526 bps | |
| Non-Interest Burden | 2.21% | 1.95% | 1.90% | 1.88% | 2.00% | 1.83% | 1.93% | 2.16% | +28 bps | |
| Growth | ||||||||||
| Asset Growth (YoY) | 8.19% | 9.17% | 13.01% | 12.33% | 11.29% | 9.00% | 11.01% | 6.37% | -596 bps | |
| Loan Growth (YoY) | 9.34% | 4.29% | -2.30% | 2.72% | 12.27% | 7.39% | 16.24% | 6.44% | +372 bps | |
| Deposit Growth (YoY) | 4.92% | 5.43% | 7.26% | 6.63% | 7.08% | 3.91% | -0.32% | 1.37% | -525 bps | |
| Asset Quality | ||||||||||
| Nonperforming Loans / Loans | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0 bps | |
| Net Charge-Offs / Loans | 0.00% | -0.03% | -0.02% | -0.01% | 0.04% | 0.02% | 0.01% | 0.01% | +2 bps | |
| Allowance / Loans | 1.05% | 1.05% | 1.09% | 1.00% | 0.94% | 0.96% | 0.93% | 0.93% | -7 bps | |
| Allowance Coverage of NPLs | n/a | n/a | n/a | n/a | n/a | n/a | n/a | n/a | n/a | n/a |
| Capital | ||||||||||
| Tier 1 Leverage Ratio | n/a | n/a | n/a | n/a | n/a | n/a | n/a | n/a | n/a | n/a |
| Total Risk-Based Capital | 17.36% | 17.74% | 18.24% | 18.18% | 19.02% | 19.41% | 19.87% | 21.11% | +293 bps | |
| Equity / Assets | 8.55% | 8.74% | 8.87% | 8.93% | 9.04% | 9.29% | 8.87% | 9.04% | +11 bps | |
| Liquidity & Funding | ||||||||||
| Loans / Deposits | 68.77% | 68.38% | 65.62% | 70.96% | 72.10% | 70.67% | 76.53% | 74.51% | +355 bps | |
| Liquid Assets / Assets | 1.07% | 0.15% | 0.35% | 0.18% | 0.99% | 2.70% | 7.44% | 7.27% | +709 bps | |
| CRE / Total Capital | n/a | n/a | n/a | n/a | n/a | n/a | n/a | n/a | n/a | n/a |