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Rockville Bank

Rockville, CT · Cert 18203

FDIC · 58 branches

Q3 2019

$7.2BAssets
$5.7BLoans
$5.7BDeposits
$775.3MEquity
Loan mix
73%RE $2.8B16%C&I $0.6B11%Consumer $0.4BQ4 2017Q3 2019
Deposit mix
85%Interest-bearing $4.8B15%Noninterest $0.9BQ4 2017Q3 2019

Market Position · Hartford-East Hartford-Middletown, CT · 2019 SOD (annual) · 8.2% share · #4 of 28 inst. · $3.8B of $46.3B

7.9% Hartford
10.5% Hampden
25.8% Tolland
1.8% Worcester

Executive Summary

  • Earnings: ROA of 0.84%, down 15 bps year over year; NIM at 2.70%.
  • Asset quality: problem loans at 0.60% of loans (+5 bps YoY), with net charge-offs at 0.10%.
  • Capital: tier 1 leverage ratio of 9.18%, up 24 bps from a year ago.
  • Funding: loans stand at 100.30% of deposits as of Q3 2019.

Return on Assets (YTD, annualized)

0.84%-15 bps YoY

Net Interest Margin (YTD, annualized)

2.70%-7 bps YoY

Efficiency Ratio (YTD, annualized)

64.10%+82 bps YoY

Tier 1 Leverage Ratio

9.18%+24 bps YoY

NIM

3.38%Q3 ’173.72%Q3 ’184.03%Q3 ’190%-3%

Non-interest income vs. expense

1.97%Q3 ’172.07%Q3 ’182.03%Q3 ’19+6%+0%

Year to date, annualized, through each quarter.

MetricQ4 2017Q1 2018Q2 2018Q3 2018Q4 2018Q1 2019Q2 2019Q3 2019YoY ΔTrend
Earnings
Return on Assets0.88%1.00%0.98%0.99%0.94%0.80%0.79%0.84%-15 bps
Return on Equity8.55%9.90%9.76%9.82%9.26%7.86%7.65%8.02%-180 bps
Net Interest Margin2.77%2.75%2.79%2.77%2.76%2.66%2.70%2.70%-7 bps
Efficiency Ratio61.24%62.01%63.30%63.28%65.26%66.13%65.59%64.10%+82 bps
Non-Interest Burden1.49%1.49%1.56%1.55%1.60%1.59%1.60%1.55%0 bps
Growth
Asset Growth (YoY)8.01%5.65%4.89%3.27%3.30%3.80%1.99%-0.19%-345 bps
Loan Growth (YoY)10.05%8.38%6.67%6.00%5.07%5.47%4.23%1.27%-474 bps
Deposit Growth (YoY)10.36%10.22%8.06%6.68%8.80%7.16%5.96%2.65%-403 bps
Asset Quality
Nonperforming Loans / Loans0.63%0.61%0.58%0.55%0.62%0.60%0.62%0.60%+5 bps
Net Charge-Offs / Loans0.09%0.08%0.08%0.08%0.08%0.11%0.10%0.10%+2 bps
Allowance / Loans0.86%0.88%0.88%0.89%0.90%0.90%0.92%0.94%+6 bps
Allowance Coverage of NPLs1.4x1.4x1.5x1.6x1.5x1.5x1.5x1.6x0.0x
Capital
Tier 1 Leverage Ratio8.68%8.71%8.80%8.94%8.99%8.77%8.99%9.18%+24 bps
Total Risk-Based Capital11.62%11.70%11.74%11.98%11.87%11.70%11.60%11.97%-1 bps
Equity / Assets10.03%10.10%10.01%10.21%10.19%10.28%10.41%10.79%+58 bps
Liquidity & Funding
Loans / Deposits104.60%102.75%102.42%101.67%101.02%101.13%100.75%100.30%-137 bps
Liquid Assets / Assets0.64%0.34%0.63%0.41%0.84%1.42%0.63%0.50%+8 bps
CRE / Total Capitaln/an/an/an/an/an/an/an/an/an/a