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Tolland Bank

Vernon, CT · Cert 18205

FDIC

Q1 2004

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: Q1 2004, the quarter ended March 31, 2004, 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 2026-10-10

Tolland Bank

Vernon, CT · Cert 18205

FDIC

Q1 2004

$426.4MAssets
$273.7MLoans
$339.7MDeposits
$33.3MEquity
Loan mix
85%RE $145.0M15%C&I $25.6M0%Consumer $0.0MQ1 2003Q1 2004
Deposit mix
89%Interest-bearing $302.9M11%Noninterest $36.8MQ1 2003Q1 2004

NIM

6.38%Q1 ’025.52%Q1 ’034.66%Q1 ’04-7%-16%

Non-interest income vs. expense

2.48%Q1 ’022.50%Q1 ’039.23%Q1 ’04-16%+419%

Executive Summary

  • Earnings: ROA of -4.05%, down 516 bps year over year; NIM at 2.79%.
  • Asset quality: problem loans at 0.00% of loans (0 bps YoY), with net recoveries of 0.08%.
  • Funding: loans stand at 80.57% of deposits as of Q1 2004.

Financial Results

Return on Assets (YTD, annualized)

-4.05%-516 bps YoY

Net Interest Margin (YTD, annualized)

2.79%-52 bps YoY

Efficiency Ratio (YTD, annualized)

284%+22,381 bps YoY

Tier 1 Leverage Ratio

n/a

Year to date, annualized, through each quarter.

MetricQ1 2003Q2 2003Q3 2003Q4 2003Q1 2004YoY ΔTrend
Earnings
Return on Assets1.11%1.04%0.93%0.86%-4.05%-516 bps
Return on Equity14.25%12.92%11.41%10.37%-49.50%-6,375 bps
Net Interest Margin3.32%3.21%3.15%3.14%2.79%-52 bps
Efficiency Ratio60.62%61.48%62.75%64.43%284%+22,381 bps
Non-Interest Burden1.69%1.64%1.67%1.75%8.78%+709 bps
Growth
Asset Growth (YoY)6.03%5.72%2.31%5.40%1.39%-464 bps
Loan Growth (YoY)9.57%9.45%4.94%-4.29%-4.39%-1,396 bps
Deposit Growth (YoY)2.04%1.66%-2.22%2.40%2.68%+64 bps
Asset Quality
Nonperforming Loans / Loans0.00%0.00%0.00%0.00%0.00%0 bps
Net Charge-Offs / Loans0.03%0.00%0.00%-0.01%-0.08%-11 bps
Allowance / Loans1.42%1.44%1.43%1.50%1.59%+17 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 Capital12.04%12.51%12.78%13.76%12.44%+40 bps
Equity / Assets8.00%8.52%8.53%8.56%7.80%-20 bps
Liquidity & Funding
Loans / Deposits86.53%84.52%87.62%81.87%80.57%-596 bps
Liquid Assets / Assets0.00%0.01%0.01%0.00%0.00%0 bps
CRE / Total Capitaln/an/an/an/an/an/an/a