PackageTrendsPeer
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Superior Savings of New England, National Association

Branford, CT · Cert 18244

FDIC

Q4 2007

$942.9MAssets
$467.9MLoans
$762.2MDeposits
$64.2MEquity
Deposit mix
76%Interest-bearing $579.6M24%Noninterest $182.6MQ4 2006Q4 2007

NIM

4.32%Q4 ’05-14.02%Q4 ’065.42%Q4 ’07-431%+152%

Non-interest income vs. expense

0.41%Q4 ’05-0.81%Q4 ’060.28%Q4 ’07-297%+135%

Executive Summary

  • Earnings: ROA of 0.77%, up 292 bps year over year; NIM at 2.32%.
  • Asset quality: problem loans at 0.00% of loans (0 bps YoY), with net recoveries of 0.03%.
  • Funding: loans stand at 61.38% of deposits as of Q4 2007.

Financial Results

Return on Assets (quarter, annualized)

0.77%+292 bps YoY

Net Interest Margin (quarter, annualized)

2.32%+676 bps YoY

Efficiency Ratio (quarter, annualized)

10.86%-1,822 bps YoY

Tier 1 Leverage Ratio

n/a

Discrete quarter, annualized.

MetricQ4 2006Q1 2007Q2 2007Q3 2007Q4 2007YoY ΔTrend
Earnings
Return on Assets-2.16%0.74%0.67%-0.32%0.77%+292 bps
Return on Equity-32.90%12.13%11.17%-4.79%11.01%+4,391 bps
Net Interest Margin-4.44%1.38%1.28%1.85%2.32%+676 bps
Efficiency Ratio29.08%17.88%19.02%16.83%10.86%-1,822 bps
Non-Interest Burden-0.72%0.25%0.25%0.32%0.26%+98 bps
Growth
Asset Growth (YoY)24.03%21.51%5.26%-0.12%6.87%-1,716 bps
Loan Growth (YoY)61.67%59.45%-32.20%11.21%46.54%-1,513 bps
Deposit Growth (YoY)22.42%21.75%4.54%-0.97%-6.99%-2,940 bps
Asset Quality
Nonperforming Loans / Loans0.00%0.00%0.00%0.00%0.00%0 bps
Net Charge-Offs / Loans-0.17%-0.02%0.13%0.00%-0.03%+13 bps
Allowance / Loans0.41%0.45%0.46%1.51%1.63%+122 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 Capital12.60%12.57%14.26%16.32%16.33%+373 bps
Equity / Assets6.66%5.70%6.37%7.15%6.81%+15 bps
Liquidity & Funding
Loans / Deposits38.96%29.28%29.12%48.91%61.38%+2,242 bps
Liquid Assets / Assets0.02%0.02%0.02%0.02%0.02%0 bps
CRE / Total Capitaln/an/an/an/an/an/an/a