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Southington Savings Bank

Southington, CT · Cert 18226

FDIC

Q2 2002

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: Q2 2002, the quarter ended June 30, 2002, 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

Southington Savings Bank

Southington, CT · Cert 18226

FDIC

Q2 2002

$670.8MAssets
$353.1MLoans
$433.9MDeposits
$60.6MEquity
Loan mix
62%RE $137.1M38%C&I $83.5M0%Consumer $0.0MQ2 2001Q2 2002
Deposit mix
88%Interest-bearing $381.6M12%Noninterest $52.3MQ2 2001Q2 2002

NIM

7.41%Q1 ’017.38%Q2 ’016.16%Q2 ’02+4%+3%

Non-interest income vs. expense

1.94%Q1 ’012.01%Q2 ’011.85%Q2 ’02+7%-2%

Executive Summary

  • Earnings: ROA of 1.35%, down 9 bps year over year; NIM at 3.54%.
  • Asset quality: problem loans at 0.00% of loans (0 bps YoY), with net charge-offs at 0.44%.
  • Funding: loans stand at 81.38% of deposits as of Q2 2002.

Financial Results

Return on Assets (YTD, annualized)

1.35%-9 bps YoY

Net Interest Margin (YTD, annualized)

3.54%+11 bps YoY

Efficiency Ratio (YTD, annualized)

45.40%-363 bps YoY

Tier 1 Leverage Ratio

n/a

Year to date, annualized, through each quarter.

MetricQ2 2001Q3 2001Q4 2001Q1 2002Q2 2002YoY ΔTrend
Earnings
Return on Assets1.45%1.44%1.45%1.49%1.35%-9 bps
Return on Equityn/an/an/a17.63%15.68%n/a
Net Interest Margin3.43%3.44%3.41%3.57%3.54%+11 bps
Efficiency Ratio49.03%50.14%49.63%46.56%45.40%-363 bps
Non-Interest Burden1.34%1.42%1.40%1.34%1.31%-3 bps
Growth
Asset Growth (YoY)1.32%3.65%5.16%8.33%10.02%+869 bps
Loan Growth (YoY)-1.18%3.92%7.24%7.15%12.67%+1,385 bps
Deposit Growth (YoY)1.06%4.88%8.60%9.31%10.07%+902 bps
Asset Quality
Nonperforming Loans / Loans0.00%0.00%0.00%0.00%0.00%0 bps
Net Charge-Offs / Loans0.05%0.05%0.03%0.01%0.44%+39 bps
Allowance / Loans1.93%1.68%1.65%1.66%1.49%-44 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 Capital16.32%15.30%14.47%14.41%14.67%-166 bps
Equity / Assets8.84%9.47%8.36%8.52%9.03%+19 bps
Liquidity & Funding
Loans / Deposits79.50%83.72%81.75%79.84%81.38%+187 bps
Liquid Assets / Assets0.00%0.00%0.00%0.00%0.00%0 bps
CRE / Total Capitaln/an/an/an/an/an/an/a