Farmington, CT · Cert 18208
FDIC · 28 branches
Q3 2018
Board Package
Performance Trends and Peer Comparison
Quarter: Q3 2018, the quarter ended September 30, 2018, 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.
Farmington, CT · Cert 18208
FDIC · 28 branches
Q3 2018
Market Position · Hartford-West Hartford-East Hartford, CT · 2018 SOD (annual) · 5.1% share · #6 of 29 inst. · $2.3B of $46.1B
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 | Q4 2016 | Q1 2017 | Q2 2017 | Q3 2017 | Q4 2017 | Q1 2018 | Q2 2018 | Q3 2018 | YoY Δ | Trend |
|---|---|---|---|---|---|---|---|---|---|---|
| Earnings | ||||||||||
| Return on Assets | 0.59% | 0.75% | 0.74% | 0.76% | 0.59% | 0.83% | 0.86% | 0.80% | +4 bps | |
| Return on Equity | 7.54% | 9.40% | 9.25% | 9.46% | 7.42% | 10.35% | 10.80% | 10.03% | +56 bps | |
| Net Interest Margin | 2.51% | 2.69% | 2.66% | 2.65% | 2.67% | 2.70% | 2.66% | 2.65% | +1 bps | |
| Efficiency Ratio | 70.06% | 65.50% | 65.09% | 64.64% | 64.21% | 64.98% | 65.02% | 64.80% | +16 bps | |
| Non-Interest Burden | 1.63% | 1.61% | 1.57% | 1.55% | 1.56% | 1.61% | 1.59% | 1.59% | +4 bps | |
| Growth | ||||||||||
| Asset Growth (YoY) | 4.80% | 7.52% | 7.66% | 6.02% | 7.48% | 8.03% | 9.52% | 7.96% | +194 bps | |
| Loan Growth (YoY) | 7.56% | 9.79% | 9.79% | 9.01% | 7.94% | 8.18% | 9.72% | 9.81% | +80 bps | |
| Deposit Growth (YoY) | 10.94% | 8.77% | 9.11% | 5.62% | 9.41% | 6.41% | 8.48% | 0.84% | -478 bps | |
| Asset Quality | ||||||||||
| Nonperforming Loans / Loans | 0.00% | 0.61% | 0.60% | 0.57% | 0.57% | 0.46% | 0.41% | 0.43% | -14 bps | |
| Net Charge-Offs / Loans | 0.04% | 0.08% | 0.04% | 0.03% | 0.02% | 0.04% | 0.02% | 0.03% | 0 bps | |
| Allowance / Loans | 0.84% | 0.82% | 0.83% | 0.82% | 0.82% | 0.80% | 0.77% | 0.78% | -4 bps | |
| Allowance Coverage of NPLs | n/a | 1.3x | 1.4x | 1.5x | 1.4x | 1.8x | 1.9x | 1.8x | +0.4x | |
| Capital | ||||||||||
| Tier 1 Leverage Ratio | 8.18% | 8.29% | 8.27% | 8.25% | 8.28% | 8.31% | 8.21% | 8.18% | -7 bps | |
| Total Risk-Based Capital | 11.28% | 11.23% | 11.12% | 11.24% | 11.20% | 11.30% | 11.25% | 11.52% | +28 bps | |
| Equity / Assets | 7.96% | 7.97% | 7.92% | 8.09% | 7.99% | 7.97% | 7.84% | 8.12% | +3 bps | |
| Liquidity & Funding | ||||||||||
| Loans / Deposits | 113.23% | 112.37% | 117.17% | 112.15% | 111.71% | 114.24% | 118.52% | 122.12% | +997 bps | |
| Liquid Assets / Assets | 1.29% | 1.86% | 2.00% | 2.19% | 2.53% | 2.62% | 2.68% | 3.16% | +97 bps | |
| CRE / Total Capital | n/a | n/a | n/a | n/a | n/a | n/a | n/a | n/a | n/a | n/a |