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 $182.6MQ1 2006Q4 2007

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.

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
n/a

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%

Discrete quarter, annualized.

MetricQ1 2006Q2 2006Q3 2006Q4 2006Q1 2007Q2 2007Q3 2007Q4 2007YoY ΔTrend
Earnings
Return on Assets0.54%0.83%0.98%-2.16%0.74%0.67%-0.32%0.77%+292 bps
Return on Equity9.63%14.41%16.18%-32.90%12.13%11.17%-4.79%11.01%+4,391 bps
Net Interest Margin1.15%1.65%1.90%-4.44%1.38%1.28%1.85%2.32%+676 bps
Efficiency Ratio27.98%17.33%15.08%29.08%17.88%19.02%16.83%10.86%-1,822 bps
Non-Interest Burden0.30%0.26%0.26%-0.72%0.25%0.25%0.32%0.26%+98 bps
Growth
Asset Growth (YoY)67.17%86.89%76.71%24.03%21.51%5.26%-0.12%6.87%-1,716 bps
Loan Growth (YoY)-32.07%66.83%63.58%61.67%59.45%-32.20%11.21%46.54%-1,513 bps
Deposit Growth (YoY)69.77%94.24%79.42%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%0.00%0.00%0.00%0 bps
Net Charge-Offs / Loans-0.07%0.18%-0.02%-0.17%-0.02%0.13%0.00%-0.03%+13 bps
Allowance / Loans0.68%0.33%0.37%0.41%0.45%0.46%1.51%1.63%+122 bps
Allowance Coverage of NPLsn/an/an/an/an/an/an/an/an/an/a
Capital
Tier 1 Leverage Ration/an/an/an/an/an/an/an/an/an/a
Total Risk-Based Capital22.51%11.76%13.26%12.60%12.57%14.26%16.32%16.33%+373 bps
Equity / Assets5.81%5.69%6.44%6.66%5.70%6.37%7.15%6.81%+15 bps
Liquidity & Funding
Loans / Deposits22.36%44.90%43.55%38.96%29.28%29.12%48.91%61.38%+2,242 bps
Liquid Assets / Assets1.40%1.36%1.45%0.02%0.02%0.02%0.02%0.02%0 bps
CRE / Total Capitaln/an/an/an/an/an/an/an/an/an/a